Jamie Dimon made $487 million in the seven years after Trump lowered the top income tax rate. That alone probably saved him around $13 million in taxes. Now you tell me, did the CEO of the richest bank in America need $13 million more than our schools and healthcare system?
americansfortaxfairness.org/top-bankers-...
Regardless of the tax rate (and that’s a big regardless), who should make that much money in seven years? I make what I deem a good salary’s at $145k and it would take me 3,359 years to earn that much. How much is too much?
Anyone who can! Fortunately we live in a country where nobody can limit what you try to make.
So, one’s income now is based upon need? If they don’t need it they shouldn’t be allowed to keep it? So dumb. We’re all over taxed… a recent report showed that billionaires pay on average 24%…information from the IRS shows average Americans pay an average effective rate of 14%.