What We Know About Kamala Harris’s $5 Trillion Tax Plan So Far
What We Know About Kamala Harris’s $5 Trillion Tax Plan So Far
The vice president supports the tax increases proposed by the Biden White House, according to her campaign.
No one making less than $400,000 a year would see their taxes go up under the plan. Instead, Ms. Harris is seeking to significantly raise taxes on the wealthiest Americans and large corporations. Congress has previously rejected many of these tax ideas, even when Democrats controlled both chambers.
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Year Top Marginal Tax Rate Congress President
1980 70.00% 🟦 Jimmy Carter
1981 69.13% (🟦🟥) Ronald Reagan
1982 50.00% (🟦🟥) Ronald Reagan
1983 50.00% (🟦🟥) Ronald Reagan
1984 50.00% (🟦🟥) Ronald Reagan
1985 50.00% (🟦🟥) Ronald Reagan
1986 50.00% (🟦🟥) Ronald Reagan
1987 38.50% 🟦 Ronald Reagan
1988 28.00% 🟦 Ronald Reagan
1989 28.00% 🟦 George H.W. Bush
1990 28.00% 🟦 George H.W. Bush
1991 31.00% 🟦 George H.W. Bush
1992 31.00% 🟦 George H.W. Bush
1993 39.60% 🟦 Bill Clinton
1994 39.60% 🟦 Bill Clinton
1995 39.60% 🟥 Bill Clinton
1996 39.60% 🟥 Bill Clinton
1997 39.60% 🟥 Bill Clinton
1998 39.60% 🟥 Bill Clinton
1999 39.60% 🟥 Bill Clinton
2000 39.60% 🟥 Bill Clinton
2001 39.10% 🟥 George W. Bush
2002 38.60% 🟥 George W. Bush
2003 35.00% 🟥 George W. Bush
2004 35.00% 🟥 George W. Bush
2005 35.00% 🟥 George W. Bush
2006 35.00% 🟥 George W. Bush
2007 35.00% 🟦 George W. Bush
2008 35.00% 🟦 George W. Bush
2009 35.00% 🟦 Barack Obama
2010 35.00% 🟦 Barack Obama
2011 35.00% (🟦🟥) Barack Obama
2012 35.00% (🟦🟥) Barack Obama
2013 39.60% (🟦🟥) Barack Obama
2014 39.60% (🟦🟥) Barack Obama
2015 39.60% 🟥 Barack Obama
2016 39.60% 🟥 Barack Obama
2017 39.60% 🟥 Donald Trump
2018 37.00% 🟥 Donald Trump
2019 37.00% (🟦🟥) Donald Trump
2020 37.00% (🟦🟥) Donald Trump
2021 37.00% (🟦🟥) Joe Biden
2022 37.00% (🟦🟥) Joe Biden
2023 37.00% (🟦🟥) Joe Biden
KEY [Congressional Control: Democrat🟦 Republican🟥 Split(🟦🟥)] [President: Republican Democrat]
shamelessly copied from a reddit comment - sue me
Great visuals!
Looks like Reagan did a good job…
He's responsible for killing America. All our major economic problems caused by reinstating the policies that caused the great depression , and we're surprised? No, we're brain washed into believing that a gilded age to great depression cycle is good.
Yup Reagan is a totally grade A Asshole. He sucks and is responsible for lots of conservative shit.
But this grade one BS isn’t helping other than confuse his role in all that.
As long as a person knows what top marginal tax rate is, this isn't particularly confusing and I think it's pretty shitty of you to be so critical while doing to provide what you think is better formatted data.
Oh yea! Just have everyone calculate the top marginal tax rate!
Why don’t the children just format data?
As long as you keep moving goalposts then why not have the test of us do it as well?
What are you talking about? No calculations are necessary, just an understanding of what top marginal tax rate is and how it's lowering correlates to Americans getting poorer.
What's your deal? Lemmy is so exhausting with all the little wannabe Mean Girls weirdos like you being so snobby.
The fact that you make it a factor…
You are the one making this a deal maker, then turning around and acting like,it’s weird.
What calculations are you even talking about? Your initial comment getting downvoted is a clear demonstration that people understand top marginal tax rate going down is a bad thing, yet you're insisting that most people are too simple minded to understand this.
Is this some attempt at making yourself feel smarter than you are, or what? You still have yet to explain why calculating top marginal tax rate is necessary when data clearly showing the top marginal tax rate is before our very eyes.
You clearly don't like the visualized data because you initially found it misleading. And now you're desperately attempting to claim the data was presented in a poor manner when it really wasn't, especially considering this is the comments section of Lemmy FFS.
You think that taxing rich people less is a good thing? Or did you forget the /s?
Your comments are all super confusing
The visuals are confusing. It makes Reagan looks good despite him being completely awful. Sorry it didn’t come through