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Old 04-14-2025, 03:03 PM
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Default Endowment Tax Comimg

Quote:
Originally Posted by Pugchief View Post
Would you please define what is "fair"? That term gets thrown around a lot but is very vague. The top 1% of income earners already pay 50% of the tax. Would you be happy when the top 1% pay 75%? 90%? Or is your only solution communism where there is zero incentive to be productive or innovative bc there is no reward for hard work?
We will get more tax with the endowment tax congress is working on. Currently colleges only pay 1.4%. They are elevating that tax to 22%. 99% of Americans pay almost no tax and several even get refunds. This group needs to be taxed progressively like the rich are.
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