Tax rates higher than 100 percent could result from the combination of several tax hikes Warren has called for on the ultra-wealthy, as first reported by The Wall Street Journal.
That includes increasing the top income-tax rate to 39.6 percent from 37 %, imposing a new 14.8 percent on Social Security, slapping a 6 percent tax on individuals worth more than $1 billion, and requiring investors to pay capital-gains taxes at the same rates as other incomes.
Stealing over 100% of people’s earnings. Now let that sink in for a minute. They take everything they earned, and plus some more. Just the modern Democrat party for you.
If (God-forbid) this plan is ever implemented all the American money and jobs that President Trump has enticed to return to this country wi,, leave again.
