Wednesday, June 16, 2021

The lie begins...assets being conflated with income.

Democrat proposes one-time 5% 'patriot tax' on Americans making more than $100M - where Jeff Bezos would have to pay $9.7B, Elon Musk $7.7B and Mark Zuckerberg $6.3B

  • Rep. Tom Suozzi's 'patriot tax' would levy a 2.5% charge on wealth above $50 million 
  • Above $100 million, the rate would be 5%, raising about $450 billion
  • Amazon founder Jeff Bezos would face one-off payment of more than $9 billion
  • Tesla founder Elon Musk would have to pay more than $7 billion
  • It comes after report revealed how wealthiest Americans pay lower rate of income tax than ordinary working families 

No comments: