Vice President Kamala Harris has been under scrutiny for her campaign rhetoric since she was handed the Democratic nomination ahead of the November election. While the mainstream media has called out her penchant for missing the mark, the examples are few and far between. The Fourth Estate’s failure to push back against the plethora of claims emanating from the Harris camp seems to have provided her license.
Kamala Harris and Tax Rates
Like her boss, the vice president has repeatedly asserted that wealthy individuals and corporations would pay for her “new way forward” agenda. In a recent 60 Minutes interview that some pundits have purported might have sunk the Kamala Harris campaign, the Democratic presidential candidate reiterated the common claim that billionaires pay lower tax rates than teachers. “It is not right that teachers and nurses and firefighters are paying a higher tax rate than billionaires and the biggest corporations. And I plan on making that fair,” Harris told correspondent Bill Whitaker.
Left-leaning politicians, from President Biden to Sen. Bernie Sanders (I-VT), have peddled the same claim for years. But are the assertions grounded in reality?
If you are fortunate enough to earn more than $609,350 annually, you will pay a tax rate of 37%. This is in addition to the 20% capital gains tax rate, the 3.8% net investment income tax, and myriad other levies. As for corporations, they pay a tax rate of 21%. Yes, the affluent could trim their obligations through clever accounting tricks that are legal within the confines of the tax code. But the meat and potatoes is that high-net-worth folks pay large tax percentages. […]
— Read More: www.libertynation.com
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by The Gateway Pundit
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by The Epoch Times
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by Publius
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by Dallas Express
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by The Epoch Times
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by Michael Snyder
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by Daily Caller
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Global Propagandists Find Out: AP to Slash Staff by 8% as Major News Outlets Stop Buying Its Content
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by Tyler Durden, Zero Hedge
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by Just The News
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by Daily Wire
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Texas Again Breaks Its Own Jobs Records
by Bethany Blankley, The Center Square
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Congresswoman Nancy Mace to File Resolution Banning New Trans Congressman From Women’s Restrooms
by JD Rucker
Despite all of the amazing victories the GOP had on Election Day in the ongoing battle against wokeness, there was one conspicuous loss. Delaware elected “Sarah” McBride (born “Tim”) as the first trans member of Congress. Congresswoman Nancy Mace is calling on her GOP colleagues to pass a resolution banning…
