Joe Biden Understands Marginal Tax Rates

Discussion in 'Politics' started by SAT, Oct 25, 2011.

  1. SAT
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    Political Animal - Joe Biden understands marginal tax rates

    Political Animal - Joe Biden understands marginal tax rates

    Show me you get it. :)
     
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  2. pgm
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    pgm Member

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    Ah, marginal tax rates. Something everyone should understand, but I'm not so sure they do.
     
  3. SAT
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    It doesn't get much clearer than Biden's explanation.
     
  4. martybegan
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    martybegan Gold Member

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    Its just that it never stops there. The 0.5% marginal rate becomes a 1%, then a 2% then a 5%. And then a millionaire gets defined as someone making $750k, then $500k, then $250k.

    Look at what is happening in NY where a DEMOCRATIC governor is trying to drop a "temporary" surcharge on "millionaires income" (which interestingly defines a millionaire as someone who makes more than $250k) and the usual interest groups are screaming bloody murder.

    The real problem is that the federal government is doing things it was never intended to do. Fund school lunches, redirect federal tax money to education, provide health coverage, etc. Eliminate that crap, let the states and localities do it if they want to, and then you have plenty of money to cover a federal budget that does what the federal government is SUPPOSED to do, not what some people WANT it to do (with other peoples money of course, none of them have the balls to back it up with thier own cash).
     
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  5. SAT
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    The point is not the .5. The point is do you understand marginal tax rates.
     
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  6. martybegan
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    martybegan Gold Member

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    Yes, but the real point is why do they NEED to add that extra 0.5% when they are already taking 15-25% of the value over $1M anyway?

    Plus, if you keep it only to true "millionaires" it really doesnt get you much funding, hence the final plan will probably call people making over $300,000 millionaires.

    Its just your standard democratic bullshit class war crap.
     
  7. ScreamingEagle
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    ScreamingEagle Gold Member

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    yeah Joe......go buy yourself a gun.....

    besides.... it's the States....not the Fed Govt.......that normally pay for their teachers, fire fighters, and police officers.....get out of the States' business please....
     
  8. SAT
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    I'm not seeing any understanding of marginal tax rates from anyone other than the second poster on the thread.
     
  9. SAT
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    Come on, folks. Show me you get it.
     
  10. Leweman
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    Leweman Gold Member

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    Its not about the money being taken ... the wealthy can afford it. Its about the government always asking for more money when they do a piss poor job of handling the money they have now. There's no accountability in government.
     

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