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The bill was proposed by Hawley and sanders.
Ah the whole billionaire myth again. It’s hard to take someone seriously when they don’t understand wealth vs income.
It’s exactly why I vote republican. I understand the difference between wealth and income.
You vote Republican because you likely have as little understanding of politics as demonstrated by this thread in which you drummed up a publicity stunt bill proposal to defend a ivy league blue collar cosplay wanker who in office has done nothing but stand up for industry and rich people.
You're acting as you always do: as an unpaid advocate for people who if you were on fire wouldn't piss on you to put it out.
I understand the difference between wealth and income. I also understand that one yields the other with no sweat from the wealth holder.
That's a large part of why they're able to get away with paying so little tax, and they can even just use their wealth to borrow sums of money from banks at lower than thou interest rates and look like paupers, income wise, on paper.
Then thanks to you and others like you they eliminate things like the estate tax (oh no I'm sorry, the death tax is what you know it as) so they can pass that wealth onwards to create generation after generation of people who never have to do an honest days work in their life.
PS: you keep using the word myth, it doesn't mean what you think it means
Can you cite where I said anything about inheritance ? I just have missed that.
Your strawman arguments are silly.
I understand politics well. Thank you for the needless ad hominem while you babble about billionaires and clearly don’t understand wealth.
You don’t realize for most of them, it’s ownership in a company they created. So it is their hard work paying off.
The end of the estate tax is brought to us by voters like you. I didn't say you mentioned it. You just voted for it. Something you likely do a lot of: voting for shit you don't understand.
Yep, that's why you pulled out a publicity stunt bill announcement to defend an insurrectionist supporter. Because your understanding of politics is oh so keen.
https://finance.yahoo.com/news/buy-borrow-die-rich-avoid-140004536.html
Income taxes have also fallen over time for the top earners...and that's the people that are being honest about how much money they're making yearly.
In addition, as far as the wealth category, long-term capital gains have the lowest federal tax rates of any type of income.
Lol
I'll just start with a counter example of the richest blabber bullshit boy as of late: Elon Musk. Dude's companies are basically two government subsidies stacked on top of each other in a trench coat. Yep. He totally earned his wealth. 👍