President Biden has falsely claimed that only wealthy Americans would see an increase in their taxes
The numbers vary wildly from state to state—including a few states that will surprise you
According to this document, the Bidens declared an income of 607,336 dollars in 2020, of which they paid $157,414 in federal taxes, or 25.9%, as well as $28,794 to the state of Delaware, where they resided
The problem with a wealth tax is that it starts from the notion that a high capitalization in assets equals a lot of liquidity
The strategy is to redouble the tax bet: propose an unusual tax that could -if approved-, capture and pursue millionaires -and small fortunes- even if they were not from the California state itself.
Tom Golisano is a billionaire who, for much of his life, has fought against what he considers an unfair tax system