President* Biden: If you make less than $400,000 per year...!

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We need to reward work in this country — not just wealth.

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I like this.

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President Biden
@POTUS
25m
United States government official

If you make less than $400,000 per year, I’ll never raise your taxes one penny.

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December 2020
President-elect Joe Biden on Friday said that he won’t impose national mandates to get vaccinated for COVID-19 or to wear a mask.

But Biden said that he will encourage people to voluntarily do both.

“No, I don’t think it should be mandatory. I wouldn’t demand it be mandatory,” Biden said of vaccines at a press conference in Delaware.

“But I would do everything in my power — just like I don’t think masks have to be made mandatory nationwide — I will do everything in my power as president of the United States to encourage people to do the right thing. And when they do it, demonstrate that it matters.”

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The share of reported income earned by the top 1 percent of taxpayers fell slightly, to 20.9 percent in 2018 from 21 percent in 2017. Their share of federal individual income taxes rose by 1.6 percentage points to 40.1 percent.

Since 2001, the share of federal income taxes paid by the top 1 percent increased from 33.2 percent to a new high of 40.1 percent in 2018.

In 2018, the top 50 percent of all taxpayers paid 97.1 percent of all individual income taxes, while the bottom 50 percent paid the remaining 2.9 percent.

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