Among U.S. households earning between $50,000 and $100,000 a year, the vast majority paid effective tax rates of between 0 and 15%, which is not two to three times the rate the richest Americans pay.
Do typical workers pay tax rates two to three times higher than wealthy Americans?For starters, Biden’s statement ignores that 43.6% of households, according to the Urban Institute-Brookings Institution Tax Policy Center.
Still, measured by actual taxes paid under current law, the effective tax rate for incomes in this range are not two or three times higher than what the wealthiest pay.the Tax Policy Center found In addition, while ordinary Americans have smaller stock holdings than the richest families do, many middle-income Americans have retirement accounts with plenty of unrealized income. Biden’s comparison takes unrealized income into account for the richest Americans, but not for ordinary Americans.Biden said the"average federal income tax" paid by the richest Americans is"8%. … If you’re a cop, a teacher, a firefighter, union worker, you probably pay two to three times that.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
PolitiFact - Joe Biden blames Donald Trump for one quarter of today’s debt, ignores contextIn a White House speech in January, Biden said 'one quarter' of the $31.4 trillion federal debt 'was accumulated in the four years of my predecessor.' We rated that Half True.
Baca lebih lajut »
PolitiFact - Joe Biden’s boast about job creation needs some asterisksPresident Joe Biden said in a February speech in Philadelphia that more jobs were created in his two years in office than any president created in a single four-year term. This achievement needs asterisks.
Baca lebih lajut »
PolitiFact - As Joe Biden announces his reelection bid, how has the economy fared on his watch?As Joe Biden announces his reelection bid, he can point to some clear economic successes, and some important weaknesses. Here’s a look at 14 economic metrics.
Baca lebih lajut »
PolitiFact - U.N.-backed report doesn’t say adults having sex with children is OKA report by the International Commission of Jurists with U.N. backing does not call for decriminalizing adults having sex with minors, as social media posts allege.
Baca lebih lajut »
PolitiFact - FedNow no va sustituir el sistema bancario de EEUU, es solo un sistema de pagoEn Español: La Reserva Federal explica que FedNow es solo un sistema de pago instantáneo y no es una moneda digital ni reemplazará el dinero en efectivo.
Baca lebih lajut »