Among people who identify as either Democrats or Democrat-leaning, support for raising taxes on those making more than $400,000 is, at 88%, overwhelming. A solid 70% of self-described independents back such an increase, while nearly half (45%) of people identifying as Republicans or Republican-leaning favor the hike.
Among wealthier Americans—those earning $150,000 or more annually—62% said people making more than $400,000 should pay more tax.
A U.S. worker who is paid $400,000 falls just below the threshold of the top 1%, according to figures from the Economic Policy Institute.
The issue, and the $400,000 figure, made headlines during the 2020 presidential election when Democratic nominee Joe Biden pledged that “nobody making under 400,000 bucks would have their taxes raised, period, bingo.”
Jesus: Hey, Dad? God: Yes, Son? Jesus: Western civilization followed me home. Can I keep it? God: Certainly not! And put it down this minute--you don't know where it's been! Tom Robbins in Another Roadside Attraction