Hillary wants more of your money

On March 3, CNBC.com ran “Top 1% would see $78,000 tax hike under Hillary” by Robert Frank.  Mrs. Clinton seems to be trying to “out-Bernie” Bernie Sanders; she’s now going all-out progressive: The top 1 percent -- those who earn more than $732,000 a year -- would see their taxes increase by an average of $78,284 in 2017 if she's elected and the tax plan is enacted. The top 0.1 percent, or those with incomes of over $3.8 million, would see their taxes increase by an average of $519,741. The bottom 20 percent of earners, or those making $23,000 or less, would see their taxes go up by $4 a year in 2017. The middle quintile, or those making $80,000 to $142,000, would see their taxes go up by $44 a year. And the top 20 percent, who make $209,000 or more, would see an average tax hike of $4,527. (Clinton has said she plans to announce additional tax breaks of the middle class and lower earners.) Additional tax breaks for the middle...(Read Full Post)

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