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Build Back Better would make US income
tax rate highest in developed world

Original Article

Posted By: Ribicon, 11/9/2021 2:11:04 PM

President Biden’s Build Back Better agenda would hike the average top tax rate on personal income in the United States to the highest level in the developed world, according to an analysis by the Tax Foundation. The $1.75 trillion proposal currently before the House of Representatives would end up raising the average top tax rate on personal income in the US to a whopping 57.4 percent, the highest in the 38-member Organisation for Economic Co-operation and Development, according to the analysis. That’s up from the US’ current nationwide average top tax rate of 42.9 percent, which lands squarely in the middle when compared with the other OECD

Comments:

It's all for show, since the fancy people sidestep all of this though so-called charitable trusts. The rest of us demand to be taxed as much as possible, happily tightening our belts so that others can take it easy, with a huge cut going to support the well-fed government workers who pull the strings.

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Reply 1 - Posted by: voxpopuli 11/9/2021 2:15:19 PM (No. 972482)
and you thought your IRA and 401k would allow you to retire.. the greatest pool of money FOR WORKERS are in these two areas.. how to effectively destroy Main Street America
8 people like this.

Reply 2 - Posted by: Birddog 11/9/2021 2:41:43 PM (No. 972500)
Are people "registered" in Bidens "Home/Tax Haven" state of Delaware still sommat exempted? Offshore tax havens will get even Busier.
1 person likes this.

Reply 3 - Posted by: stablemoney 11/9/2021 3:18:06 PM (No. 972527)
Nothing is being built, nor will it be. There is no need for higher taxes, as the spending is useless, so don't spend it.
4 people like this.

Reply 4 - Posted by: DougTN 11/9/2021 3:28:23 PM (No. 972541)
And 10% for the big guy…
4 people like this.

Reply 5 - Posted by: downnout 11/9/2021 3:29:30 PM (No. 972545)
Please tell me how a bunch of people who have built nothing and couldn’t run a lemonade stand are going to build back…anything.
9 people like this.

Reply 6 - Posted by: bobn.t 11/9/2021 3:31:21 PM (No. 972550)
What difference does it make. A third world country is still a third world country. United Socialist of America. (USA)
3 people like this.

Reply 7 - Posted by: singermom9 11/9/2021 3:55:43 PM (No. 972574)
And of course we need to pay for immigration costs for Afghans and $450,000 for illegals. Americans, who may still have jobs after mandated shots, will have to pay more to make up the difference. Free Daycare and college for illegals. Lots to pay for.
6 people like this.

Reply 8 - Posted by: Sanchin 11/9/2021 3:57:18 PM (No. 972578)
Slaves are not allowed to keep what they earn, and they have no rights. The life of a slave is mandated to serve those in power. Our power, freedom, and life is being given away willingly to those who control the narrative and the ballot box.
6 people like this.

Reply 9 - Posted by: singermom9 11/9/2021 3:57:22 PM (No. 972579)
#1 is right. Biden will come after our 401K and IRA's. He may deny it but then the WH has to come in and change the story. If you voted for this bozo I blame you.
8 people like this.

Reply 10 - Posted by: Hermit_Crab 11/9/2021 4:17:18 PM (No. 972594)
6uild 6ack 6etter
5 people like this.

Reply 11 - Posted by: jasmine 11/9/2021 4:23:21 PM (No. 972597)
On his first day in office, the newly installed Biden invited non-citizens to come to the US "to be heard." This had nothing to do with any humanitarian purpose. It was simply a quick and dirty way to import more poverty into the US quickly, so the redistribution of American wealth could be ramped up ASAP. We are now spending billions of dollars on non-citizen opportunists, with no end in sight. Just what Democrats wanted. Our president shook his bony finger at an American news reporter for wondering how illegal alien children and their unvetted "parents" could be entitled to a transfer of $450,000 taxpayer dollars EACH. If that amount was wrong, the reporter asked for clarification on ANY OTHER AMOUNT Biden might plan on redistributing away from Americans taxpayers, in order to benefit illegal alien opportunists. Note that his temper wasn't aimed at human traffickers or drug carrying "migrants" working off their debts to cartels. He was enraged by a question the American people have every right to have answered. Biden's response was the bizarre rant "You lost your child!!! You lost your child!" Any "lost child" was not put in that position by American misconduct. Only a moron would give an unvetted adult with no ID custody of a minor child. Americans didn't do that. We separated the children from the adults because it was the only acceptable way of ensuring the children were not being trafficked or sexually abused. It's no secret that trafficking children is an ongoing evil arriving at our borders. That is why the Trump administration kept unknown adults and children separated, until the familial relationship could be verified. We did the right thing. Sadly, no good deed goes unpunished when corruption takes charge.
7 people like this.

Reply 12 - Posted by: paral04 11/9/2021 5:44:31 PM (No. 972650)
This is slavery pure and simple. I bet Congress gives themselves a huge exemption so they fall into a 20% bracket the criminals.
1 person likes this.

Reply 13 - Posted by: Come And Take It 11/9/2021 7:44:58 PM (No. 972734)
Build Back Bolshevik. FJB, and F the Republicans that in the end will ride to the rescue and pass this slop.
3 people like this.

Reply 14 - Posted by: Lawsy0 11/9/2021 8:14:46 PM (No. 972748)
The proper pronunciation is Build Back Bitter!
0 people like this.

Reply 15 - Posted by: kono 11/9/2021 9:32:43 PM (No. 972799)
Highest tax rate in the developed world? Woo hoo! We're number 1! We're number 1! We're num.. . .. . D'OH!
0 people like this.

Reply 16 - Posted by: garyhope 11/10/2021 10:49:23 PM (No. 973815)
The reality,....."Build back worse, more fascist and much more expensive." More prohibitive and more wasteful.
0 people like this.

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