Everyone shouts "Tax the Rich"... but look at the facts.
A $150k earner pays around $30,600 in federal tax.
A $25k earner pays about $1,200.
It takes 25 people on $25k to contribute what one person on $150k does.
So why drive high earners out of the U.S. when they already shoulder most of the burden?
The problem isn't how much tax is collected.
The problem is how much the government wastes.
Stop blaming the rich.
Start holding the government to account.
Mike Johnson said lawmakers’ $174,000 salaries have not kept pace with inflation and that they rely on stock trading for additional support, per MoneyWise.
Mike Johnson said lawmakers’ $174,000 salaries have not kept pace with inflation and that they rely on stock trading for additional support, per MoneyWise.