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Taxing the wealthy...... I'm listening
To pay for climate change..... where's my yellow vest
I like it
Taxing the wealthy...... I'm listening
To pay for climate change..... where's my yellow vest
it's not unprecedented. the top tax rate exceeded 70% in the 50's, 60's, 70's
at least she understands the concept of marginal rates. you'd be surprised how many people dont
Not all Democrats want this. K.
Well, that's a feather in her cap. Good thing you point that out.
Chump Lite
wasn't meant as a compliment... nothing is a given with her.Well, that's a feather in her cap. Good thing you point that out.
Sperm shielding at the end of the day, lite.
It should go back to the top marginal rate being north of 90% like it was in the 50s (the time period most conservatives refer to as the good times), but for whatever reason no one remembered that taxing the rich heavily played a huge role in creating a strong middle class.
There was a time when the rich were more patriotic and more willing to improve their surrounding communities through large endowments and tax-deductable community development efforts. And that was before they had robotrading and other stock market manipulation options to ensure that they made a lot of money by simply having money.
These are different times though. And anyway, 70% is too big a jump right now. Baby steps.
What is the definition of "rich" that will pay this 70%?
4th paragraph of the article.
"Once you get to the tippie-tops, on your $10 millionth dollar, sometimes you see tax rates as high as 60% or 70%. That doesn't mean all $10 million dollars are taxed at an extremely high rate. But it means that as you climb up this ladder, you should be contributing more," Ocasio-Cortez said.
Let's just say it's you, moneybags.
inb4 "10 million isn't a lot of money"
So, Anderson Cooper would just take home 3.6M of his 12M salary? I don't think so. He'd probably renegotiate his salary to 9.9M and get some other kind of financial incentive."Once you get to the tippie-tops, on your $10 millionth dollar, sometimes you see tax rates as high as 60% or 70%. That doesn't mean all $10 million dollars are taxed at an extremely high rate. But it means that as you climb up this ladder, you should be contributing more," Ocasio-Cortez said.
People still have this fantasy that the rich actually paid 90% in the 1950's, as if there weren't ways to dramatically reduce their tax exposure.
have you seen his 401k?
Spurtacular this is what i was saying about people not understanding marginal tax rates
also darrin, did you not read that ENTIRE 2 sentence quote spurminator provided for you?
Oh my ing god.
on the bright side, he's so exorbitantly wealthy that he doesn't even realize how much he's being taxedOh my ing god.
this is darrin's best take since he disproved climate change by walking into two different buildings with a thermometer
I want to be that guy's accountant...
are we sure darrin shouldn't be suing charles banks?
That time was when America was prwdominately White. If Poland was flooded by ethnics I would close myself off to a neighborhood mindset too
The new America is at best different and for most - increasingly undesirable. Why fund it?
For last year
tax paid: 132,490
39.6% tax bracket
27.29% effective tax rate
I'm painfully aware how much I'm being taxed.
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