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Old 02-05-2019, 11:03 AM #1
.!WAR MIKEY! .!WAR MIKEY! is offline
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Default F Trump, Alexandria Ocasio-Cortez Is Trying To Make AMERICA GREAT AGAIN! 70% TAXES

70% top marginal tax rate is not a "far-left idea." It's longstanding American tradition until Reagan.

The top marginal tax rate:

1945: 94% (Roosevelt)
1957: 91% (Eisenhower)
1964: 77% (Johnson)
1973: 70% (Nixon)
1986: 50% (Reagan)
2018: 37% (Trump)

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Old 02-05-2019, 11:18 AM #2
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All that will do is chase the wealthy overseas where they can protect their assets better. They take their jobs and spending power with them. Here's a thought, get the 20% of lazy mofos off welfare and leeching off the system to contribute their fare share. Stop spending tax dollars are social programs, bogus research grants, defense contractors, and fraudulent construction projects across the nation. That would be a good start. Then start investigating how people like Pelosi, Weinstein, Clinton, Waters, Schumer, acquired so much wealth as career public servants.
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Old 02-05-2019, 11:20 AM #3
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Quote:
Originally Posted by .!WAR MIKEY! View Post
70% top marginal tax rate is not a "far-left idea." It's longstanding American tradition until Reagan.

The top marginal tax rate:

1945: 94% (Roosevelt)
1957: 91% (Eisenhower)
1964: 77% (Johnson)
1973: 70% (Nixon)
1986: 50% (Reagan)
2018: 37% (Trump)

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Left, right or center. Its a ****ing horrible tax rate.
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Old 02-05-2019, 11:23 AM #4
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Go look at the latest in New York state, these ideas work out great:

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Old 02-05-2019, 11:26 AM #5
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Just to be clear, I believe she's talking about a 70% tax on earned income above $10million/year.
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Old 02-05-2019, 11:35 AM #6
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Quote:
Originally Posted by Mooshashi View Post
Just to be clear, I believe she's talking about a 70% tax on earned income above $10million/year.
I believe that is correct
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Old 02-05-2019, 11:36 AM #7
DreamerUSA DreamerUSA is offline
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Originally Posted by Mooshashi View Post
Just to be clear, I believe she's talking about a 70% tax on earned income above $10million/year.
Even so. The government has no business taking 70% of anyone's income, for any reason.
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Old 02-05-2019, 11:40 AM #8
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Originally Posted by DreamerUSA View Post
Even so. The government has no business taking 70% of anyone's income, for any reason.
It's not 70% of their money. It's 70% of the portion that is above $10 million. The income up to that point would be taxed below 70%.
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Old 02-05-2019, 11:43 AM #9
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It's not 70% of their money. It's 70% of the portion that is above $10 million. The income up to that point would be taxed below 70%.
Doesn't matter. The government shouldn't be taking 70% of anyone's income no matter how you want to break it down. Its absolutely vile to think its ok to do so.
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Old 02-05-2019, 12:03 PM #10
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People just dont get it. This is like global warming. You can make all the laws you want but if theres countries with lax laws or a lower rate they will just take their money over seas.

Thats why we're at the rate we are now. To try and get those people back in the US. Not only that but prices will increase. You think the rich are dumb? You think they'll take the hit or pass it down?
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