I was right. Wait for the details. This 44% is only for people  making $1 million or more in taxable income.  Less than 1% of taxpayers will be affected

All of you jumping around panicking . As Bongino
always says wait 5 days for the correct details before making a fool of yourself

So now they are finally confirming that it was indeed Ashley Biden's hand-written words and thoughts.

Never mind.  I found it.

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Richest Americans—Including Bezos, Musk And Buffett—Paid Federal Income Taxes Equaling Just 3.4% Of $401 Billion In New Wealth, Bombshell Report Shows

• ProPublica found that while the median American household earning roughly $70,000 per year paid 14% in federal taxes each year, the 25 richest Americans (by Forbes’ tally) paid a “true tax rate” of just 3.4% on wealth growth of $401 billion between 2014 and 2018.
  
  
• ProPublica’s “true tax rate” is a novel and sure-to-be-controversial measure of how much taxes an individual paid each year compared to Forbes’ calculation of how much their wealth grew during the same time, meaning that ProPublica is counting unrealized capital gains, which are not taxed under the current U.S. Tax Code.

https://www.forbes.com/sites/sarahhansen/2021/06/08/richest-americans-including-bezos-musk-and-buffett-paid-federal-income-taxes-equaling-just-34-of-401-billion-in-new-wealth-bombshell-report-shows/

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So this is based on an imaginary tax assessment that is not in effect.  Basically, ProPublica believes that if someone's stock portfolio gains value in any tax year, that person should be forced to pay taxes on unrealized gains.  On the flip side, let's say the market tanks and Buffet and Bezos lose a billion dollars in stock value.  Does that mean they are due a massive refund on unrealized losses?  I think not.

The bottom line here is that any claims that Bezos and Buffet paid only 3.4% in taxes on realized income is pure unadulterated bullshit.  Lies make Jesus cry.

A little reality check.

The top 5% of income earners pay nearly 66% of all federal taxes collected. That goes up to nearly 76% for the top 10%. The other 90% pays about 24%...

In a 2021 study the  400 top billionaires n the US paid on average just slightly over 8% in taxes. Musk Bezos and Buffett paid around 3.4%

I find this criminal and you call me a liberal   So be it

Again let's see what the actual legislation details are.  I do not think the middle class will be hit with this 44% and as I said above it will only be for transactions over a million dollars or higher . The govt is desperately trying to to get middle class people to save more

Bullshit.  Those studies typically fail to take into account the fact that much of that income is from foreign sources and is subject to foreign tax - generally at rates higher than U.S. rates - and therefore present false - criminally false - conclusions.

Jeff Bezos does not pay an effective rate of income tax of 8%.  His effective rate of income tax is almost certainly around 40%.  He pays a U.S. rate of approximately 8% on his worldwide income because (a) he has paid a substantial amount of foreign income tax on most of that income already, and (b) the U.S. foreign tax credit system is imperfect and generally fails to fully prevent double taxation.  Furthermore, aspects of the U.S. tax system are intentionally designed to impose double taxation.  For example, the so-called "NIIT" - net investment income tax - of 3.8% cannot be offset with credits for foreign taxes paid on the same income.  As a result, even if the foreign tax rate imposed on that income is higher than the U.S. rate - for example, the German rate of tax on capital gains is generally 25%, which is five percentage points higher than the U.S. long-term rate of 20% - the income-earner still ends up paying a 3.8% U.S. income tax.  Thus, on long-term capital gains that are subject to both U.S. and foreign tax - such as German income tax - the effective rate of tax is equal to the higher rate of normal tax, plus the U.S. 3.8% NIIT.

The only thing criminal here is your willful ignorance, refusal to understand the basics of the income tax system, and egregiously false claims that the "rich" of whom you are so patently envious pay less tax than you do.

Go f**k yourself, you lousy little fascist parasite.