Search FAIRtax.org

AOC Plans Bill To Boost Top Individual Tax Rate To 59%

AOC Plans Bill To Boost Top Individual Tax Rate To 59%
Photo Credit: Joseph Stalin Carpet, Joseph Stalin Museum by Andrew Milligan sumo is licensed under Flickr CC BY 2.0
Democratic Representatives Alexandria Ocasio-Cortez & Jan Schakowsky are working on legislation that would nearly double the top individual U.S. tax rate to 59% on the highest incomes.

The bill, which is still being drafted, also would increase capital gains rates to equalize them with income taxes and move to a so-called "mark-to-market system".

That would require individuals to pay taxes annually on the appreciation of their investments, real estate and business holdings.

Help FAIRtax Become The Number One Issue in 2021

Enacting the FAIRtax must be a prominent topic in these times. We did it before, we can do it again, but we need your help!

Your gift of $25, $50, $100 – even $1,000 or more if you can possibly spare it – will help FAIRtax.org bring an end to the IRS and promote a FAIRtax. So, I urge you, please give as generously as you can.
To donate by check:
Americans for Fair Taxation
PO Box 4929
Clearwater, FL 33758

If you need to make changes to your existing Monthly Re-Occurring Donation with new card or billing address information, then Please call Adam Yomtov our New York State Co-Director. He is assisting with the administration of our donations, technology services, and website.

Please note: Inputting your new information at our website won't update your donation. The only way to update is by calling Adam Yomtov 917-689-3931 mobile.

Americans for Fair Taxation® is a 501(c)(4) non-profit, non-partisan grassroots organization solely dedicated to replacing the current income tax system with a fair, simple and transparent national consumption tax – the FAIRtax® Plan. We rely entirely on contributions from concerned citizens like you who want a tax system that will generate jobs and stimulate the economy. Welcome to the FAIRtax team!

Connect

Share