Zone1 Tax the Rich! Make them Pay their Fair Share!

[leftwinger]

If you make the top income rate 90%, they will only collect 20%*GDP max total tax just likevnow and foever..

If GDP drops....they will not get expected increase.

Translation, the rich sit out. They dont make "paycheck" income anyways.

 

[leftwinger]

Business tax is what? 21%? You want to make it 50%-75%? Go for it. See what happens you dumb OXYEN . The GDP will drop, jobs will drop and you get less.

 

[M14 Shooter]

If you make the top income rate 90%,....

.... the number of people with income in that bracket will drop considerably, as will income tax revenues.

 

[Alweysrite!]

I pretty much agree with that. Here is what I don't like... The billionaire dies and gives a few billion to his kid. That kid, not only never has to work, but pays a lower income tax rate than a plumber

He paid very high rate on his inheritance.
I can't deny that it's good to be rich but money doesn't buy everything.

 

[JonKoch]

Oh really. What is the inheritance Tax rate? Why is the GOVT allowed to re-tax already taxed money? Then steal waste or lose it of course.

Yes because Cheeto's money that he stole from his parents has already been taxed?



A 2018 New York Times investigation detailed how Donald Trump and his siblings allegedly used "dubious tax schemes" and "outright fraud" to avoid paying hundreds of millions of dollars in taxes on their inheritance from Fred Trump.

• The "Theft": The report alleged the family transferred over $1 billion in wealth, which should have resulted in a tax bill of at least $550 million. Instead, they reportedly paid only $52.2 million.
• 
  
• Schemes Used: Methods allegedly included setting up a sham corporation (All County Building Supply & Maintenance) to siphon millions from Fred Trump’s empire and undervaluing real estate holdings to lower gift and estate taxes.

AND OTHER OF THE RICHEST
A stepped-up basis allows heirs to reset the cost basis of inherited assets (stocks, real estate) to fair market value at the time of the owner's death, eliminating capital gains tax on appreciation during the owner's lifetime. This effectively avoids income taxes on decades of growth and is a key component of wealth transfer strategies.

Pay $10,000, 000 for a building in 1990, die in 2005 and the past 25 years of built up equity steps up to current value, without ever paying taxes on that equity!

 

[JonKoch]

Don't feel bad. Even AI doesn't know the difference between wealth and currency.

So you have nothing to refute it. Got it

 

[leftwinger]

He paid very high rate on his inheritance.
I can't deny that it's good to be rich but money doesn't buy everything.

Coke and hookers but you gotta plan for how long? Eough boozeand valium? Food lol! pick the coke up and have a hideaway and get dem hookers to leave for the next batch show up. Security please help.

 

[JonKoch]

Yeah and generational welfare families collect off of the public and never pay any taxes either. There are injustices everywhere, one doesn't make the other right. I learned early on that LIFE IS NOT FAIR---suck it up.

Weird, you know there is a 5 year lifetime limit on welfare since BJ Bill signed it into law in '96 right? Only the blue states like Cali decide to fund, for the kids sake beyond the 5 years, MOST red states stop at 2-3 years LIFETIME caps for cash aid

 

[JonKoch]

Where do you get $2T per year out of "the rich" w/o tanking the GDP.

You cut into the $1T fraud, size assets. You cut interest rates to reduce the $1T paid debt cost. Just SHUP dog faces.

LMAOROG, Sure the richest of the rich used to pay 60%+ EFFECTIVE tax rates 1945-1980, but less than 20% today, but they can't afford too?

 

[Concerned American]

Weird, you know there is a 5 year lifetime limit on welfare since BJ Bill signed it into law in '96 right? Only the blue states like Cali decide to fund, for the kids sake beyond the 5 years, MOST red states stop at 2-3 years LIFETIME caps for cash aid

Link.

 

[leftwinger]

Pay $10,000, 000 for a building in 1990, die in 2005 and the past 25 years of built up equity steps up to current value, without ever paying taxes on that equity!


You pay property tax and upkeep every year. please stop Lawrencre

 

[leftwinger]

LMAOROG, Sure the richest of the rich used to pay 60%+ EFFECTIVE tax rates 1945-1980, but less than 20% today, but they can't afford too?

Stink?

 

[JonKoch]

If you make the top income rate 90%, they will only collect 20%*GDP max total tax just likevnow and foever..

If GDP drops....they will not get expected increase.

Translation, the rich sit out. They dont make "paycheck" income anyways.

Yeah, 90% is too high but most Studies show MAXIMUM REVENUE PRODUCING rates are above 60% EFFECTIVE rates

 

[JonKoch]

Business tax is what? 21%? You want to make it 50%-75%? Go for it. See what happens you dumb OXYEN . The GDP will drop, jobs will drop and you get less.

Yeah, Corps had it soooo hard at 35% a few years ago, with RECORD PROFITS right?

 

[JonKoch]

.... the number of people with income in that bracket will drop considerably, as will income tax revenues.

Or like the richest USED TO DO when we had high EFFECTIVE tax rates, they'd build their business in the US, pay their employees more or expand physical buildings, today at such low rates they take it and gamble on wall street or off shore the work to China

 

[leftwinger]

Let's hammer the rich. Start in Hollywood workng East please.

 

[JonKoch]

Link.

The 1996 Welfare Reform law (PRWORA) established a 60-month (5-year) lifetime limit on federally funded cash assistance through Temporary Assistance for Needy Families (TANF). This law shifted welfare to a short-term, work-focused system. While many states follow this federal limit, some have shorter limits, and others use state funds to extend benefits.

What Happens to Poor Families When They Hit Welfare Time Limits and Cash Benefits Disappear?

“Welfare” as it now exists in the United States aims to provide a short-term safety net for very needy families with children and prepare adults to get jobs. The Temporary Assistance for Needy Families law passed by Congress in 1996 said that cash assistance should be limited to no more than...

scholars.org

 

[JonKoch]

Pay $10,000, 000 for a building in 1990, die in 2005 and the past 25 years of built up equity steps up to current value, without ever paying taxes on that equity!


You pay property tax and upkeep every year. please stop Lawrencre

So no nothing on the built up equity of the building, so not a penny of taxes on that FREE MONEY. Got it dummy?

 

[JonKoch]

Let's hammer the rich. Start in Hollywood workng East please.

View attachment 1241726

How about we just decide the opposite of what the GOP policies have been for 45 years, TAX WHO HAS THE MONEY AT RATES THAT STOP US FROM CREATING THE NEXT $39+ TRILLION IN DEBT!

 

[Concerned American]

The 1996 Welfare Reform law (PRWORA) established a 60-month (5-year) lifetime limit on federally funded cash assistance through Temporary Assistance for Needy Families (TANF). This law shifted welfare to a short-term, work-focused system. While many states follow this federal limit, some have shorter limits, and others use state funds to extend benefits.

What Happens to Poor Families When They Hit Welfare Time Limits and Cash Benefits Disappear?

“Welfare” as it now exists in the United States aims to provide a short-term safety net for very needy families with children and prepare adults to get jobs. The Temporary Assistance for Needy Families law passed by Congress in 1996 said that cash assistance should be limited to no more than...

scholars.org

A rose by any other name...
After TANF benefits have timed out, individuals may still be eligible for other forms of assistance such as Supplemental Nutrition Assistance Program (SNAP), Medicaid, or local job training programs.
Wikipedia National Conference of State Legislatures