For the first time in the history of the United States, billionaires had a lower effective tax rate than working-class Americans.
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Good thing Biden increased the number of IRS employees so they can do that.
What they can do is to make sure billionaires pay what they owe. What they can’t do is set the tax rate. That takes Congress
Which the last Congress did.
They did?
Its even worse than that. I’m working class. With federal, state, FICA, sales tax, and property tax, I pay like 40% of my income to taxes.