Fauxcohontas' tax plan results in rate over 100%

[Nostra]

I am very concerned for the billionaires who can see their tax liability go up...We need to lower their tax rate by 100% to free up small business owners and the middle class....this unfair treatment of billionaires needs to be stopped....

Even Hillary "Evil Socialist Liberal Murderer Terrorist" Clinton is opposed:

"Hillary Clinton raised similar concerns, calling the wealth taxes of Warren and Bernie Sanders “incredibly disruptive.” One reason they are disruptive is that billionaires will use all legal means to restructure their wealth, in ways advantageous to them but not to the IRS or to society as a whole."

Elizabeth Warren Discovers the Pitchfork

The worst thing this country can do is disrupt things for billionaires...that is why we elected Trump, because he would be a disrupter....but not disruptive for billionaires, that would be crazy...

I agree as Americans we right now need to pay more taxes, however what would be the effect in paying 100% in taxes on the economy, investing and innovation?

If by we, you mean the few thousand people that will pay a higher tax percentage on every dollar above 50 million, then yea....but I doubt you are part of that "we"

So....should we lower the top marginal tax rate to 3%?? would that make "we" feel better? Since that is now how taxes are decided apparently -- on how it makes billionaires like "we" feel...

By we, I mean all Americans. Not sure who you think we is. We need to raise taxes on all to get out of the extreme debt we seem to burying ourselves under. Raising it to 100% on the rich would nosedive the economy, however we do need to raise taxes. Not play stupid, moronic, childish games that you and politicians seem to want to play.

Perhaps we should cut spending.

If the govt can fund the very few tasks the Constitution allows them to do on over $3 TRILLION we need to throw them all out......which I am also in favor of via term limits.

Until we get a balanced budget amendment and term limits we are screwed.

 

[Papageorgio]

I am very concerned for the billionaires who can see their tax liability go up...We need to lower their tax rate by 100% to free up small business owners and the middle class....this unfair treatment of billionaires needs to be stopped....

Even Hillary "Evil Socialist Liberal Murderer Terrorist" Clinton is opposed:

"Hillary Clinton raised similar concerns, calling the wealth taxes of Warren and Bernie Sanders “incredibly disruptive.” One reason they are disruptive is that billionaires will use all legal means to restructure their wealth, in ways advantageous to them but not to the IRS or to society as a whole."

Elizabeth Warren Discovers the Pitchfork

The worst thing this country can do is disrupt things for billionaires...that is why we elected Trump, because he would be a disrupter....but not disruptive for billionaires, that would be crazy...

I agree as Americans we right now need to pay more taxes, however what would be the effect in paying 100% in taxes on the economy, investing and innovation?

If by we, you mean the few thousand people that will pay a higher tax percentage on every dollar above 50 million, then yea....but I doubt you are part of that "we"

So....should we lower the top marginal tax rate to 3%?? would that make "we" feel better? Since that is now how taxes are decided apparently -- on how it makes billionaires like "we" feel...

By we, I mean all Americans. Not sure who you think we is. We need to raise taxes on all to get out of the extreme debt we seem to burying ourselves under. Raising it to 100% on the rich would nosedive the economy, however we do need to raise taxes. Not play stupid, moronic, childish games that you and politicians seem to want to play.

Perhaps we should cut spending.

If the govt can fund the very few tasks the Constitution allows them to do on over $3 TRILLION we need to throw them all out......which I am also in favor of via term limits.

Until we get a balanced budget amendment and term limits we are screwed.

I have been a proponent of spending cuts, 25% across the board would be a great start, also we need to cut all corporate welfare. End all silly spending programs like Amtrak and Public Broadcasting, the Art's Foundations and on and on, just big waste programs. If the public wants them they can keep them by funding them with their own money.

 

[sparky]

From the guilded age & back to it>>>


39.6 percent: Top tax rate in 2000

31 percent: Top tax rate in 1991

50 percent: Top tax rate in 1986

70 percent: Top tax rate in 1980

91 percent: Top tax rate in 1963

84.4 percent: Top tax rate in 1950

94 percent: Top tax rate in 1945

79 percent: Top tax rate in 1939

63 percent: Top tax rate in 1935

25 percent: Top tax rate in 1931

46 percent: Top tax rate in 1924

73 percent: Top tax rate in 1921

7 percent: Top tax rate in 1915


~S~

 

[daveman]

Great idea, Liz. Beat your dog then wonder why it runs away.