American Airlines Captain, Dr. Gerald A. Higginbotham; affectionately known as “Captain, Dr. G”, is a man on a mission to effectively educate and empower individuals and communities to flourish; by closing the widening income gap between the rich and the poor, and to equip youth and adults to reach their highest potential.
The $2.3 trillion coronavirus stimulus package includes a temporary tax change for individuals who make at least $1 million a year, according to the Joint Committee on Taxation. The Joint Committee’s analysis shows 43,000 taxpayers in the highest income bracket, making more than $1 million a year, could save a combined $70 billion in taxes. Almost all benefits from the tax break go to people making more than $100,000 a year.
The Republicans’ “Tax Cuts and Jobs Act” will be devastating to California’s poor to middle-income families because they pay the highest income and sales taxes in the nation (in proportion to their income), the second highest gas tax, and their property tax assessments have doubled – and none of these will be deductible.