This may not be the stupidest argument against taxing the rich, but it’s trying hard
Joe Biden is promising to raise taxes only on families making $400,000 or more each year—the top 1.8% of taxpayers. Here to explain why that will really hit middle-class families is CNBC with the latest contribution to the “why rich people are really barely making it” genre. No, really. Experts say!
“Based on the expenses, a $400,000 household income provides for a relatively middle-class lifestyle,” one personal finance website guy claimed.