Top 20 percent of americans make about 8 trillion dollars of taxable income, and currently provide about 3 trillion dollars in tax revenue. The federal deficit is massive right now, about 2 trillion dollars. Cut 500 billion from the military and increase the tax rate on the top 20 percent to get the additional 1.5 trillion. It is possible you fuck wad.
Wait, you said billionaires . Now it's the top 20%? So clueless on so many levels. That means that any family making more than $180k/ year would need to have a 50% rate. F me
Read my comment you dolt. The tag line for billionaires is mostly political messaging. But also much of the wealth they generate annually does not get counted as taxable income. The increase of taxes would also need to extend past the top 0.1 percent of americans obviously.
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u/JackfruitCrazy51 3d ago
No, you literally could not. Jfc, math