Actually people who make $97,000 or more a year are in the top 20%.
That means 20% of tax filers are earning at least that amount.
Hillary's other ideas on taxation are disastrous. If she raises the capital gains tax and increases corporate taxation, the economy will go in the tank.
The US already has the second highest corporate tax rate among developed countries. Other countries have lowered their rate to lure business, and it looks like it is working. A capital gains tax increase will drive investors away from the US economy.
Congressional Democrats are discussing taxing capital gains the same as income.
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