You go Girl! Alexandria Ocasio-Cortez Plans Bill to Boost Top Individual Tax Rate to 59%

[OnePercenter]

Personally, I don't see the downside in taxing unrealized cap gains that are not held in retirement accounts like Iras or 401ks or pension plans. People can still itemize and take losses if their earnings are enough to not just take the "humongous" standard deduction that Moscow Mitch and Trump have generously allowed us … while cutting the 1%'s taxes even further.

Do you consider driving even more long term capital investment offshore than we already do a "downside"? because that is exactly what taxing unrealized cap gains will accomplish.

Why would you want to invest long term in the U.S. if you're facing a guaranteed taxation based haircut on returns each and every year; why not just just take your long term capital investments overseas where you're not facing such a gigantic disadvantage?

The capital was not driven offshore before the gop changed the rules on cap gains and the estate tax. AOC is nuts, but I'm not dissing dems for trying to claw back what the gop gifted to the 1%

I'd prefer repealing the entire gop personal tax bill and just reinstating an estate tax that only applies to estates worth 5 million or more, and is set at the same level as the highest income tax rate.

Then people will just find a place for 4.8 million.

The Democrats are under the illusion that when they go to take the rich mans money, he takes his thumb and holds his pockets open to make it easier on them. The number one priority for the wealthy is finding ways to keep what they made, so they will always find a way.

When somebody takes a little less of your property, it's hardly considered a gift.

Again, I'd agree that AOC is a little nuts, but not taxing the 1% ANYTHING on cap gains NEVER drove them offshore. All we did was let Moscow Mitch give his party elite extra shugah.

So when was their capital gains never taxed? It's not taxed while they're holding the stock, it's taxed when they sell it and reap the profit.

Can you defer capital gains taxes in perpetuity?

 

[OnePercenter]

What a bunch of nonsense.
I want more Americans to be successful.

Business plan A with One Owner:
Company profits 10 Million a year.
Company has 50 employees, Owner takes 8 million, while paying the average worker $40,000 for that year.

Business plan B with One Owner:
Company profits 10 Million a year.
Company has 50 employees, Owner takes 6 million, while paying the average worker $80,000 for that year.

Business plan C with One Owner:
Company profits 10 Million a year.
Company has 50 employees, Owner takes 5 million, while paying the average worker $100,000 for that year.

I see Company C as a very successful Business, an Owner making Millions per year, and workers that are in the upper middle class.
I see Company A as a very successful Business, and Owner making Millions per year, and workers making millions for the owner while themselves making less than a median salary Nationwide.

Tell me you support business Plan C and can agree that Business Plan A's owner has a Greedy and Uncaring attitude for his/her workers.​

Then why don't you open up Company C and see how long you stay in business.

I own company C and I'm doing VERY well.

You probably don't even own your appliances. If you actually did own a company C, you would have been out of business a long time ago due to competition.

Company C doesn't make a profit?

Businesses pay what they need to pay in order to retain a quality workforce. People work for businesses if they are paid what they deem a fair wage. If my company decided to reduce my wage by 1/3rd, they know I would be looking for work elsewhere. If they don't feel like I am worth what they are paying, they will take that chance. That is the way it works. We aren't owed anything in particular from a company. We are owed what they believe we are worth.

I used this example before, but it will use it again. Why does a water boy for an NFL team make exponentially less than the star QB? Maybe because there are many people who can perform the water boy's job just as adequately but not so many that can be the star QB.

Most business pay the lowest amount they can get away with.

 

[OnePercenter]

let us have as our goal that there will be no government program which makes it more profitable to go on welfare than to go to work.

Well I don't think that it is more profitable to go on welfare than it is to go work.

That fact is, that if people don't have to work.... they don't. It's that simple. Yes, you can live better if you are working. But if you don't HAVE TO.... then people don't.

So here in Columbus Ohio, we had a local news channel send out a reporter, in the mid-90s, when we had welfare reform. Now this particular channel wasn't super political, but it appeared the reporter was.

She was interviewing this lady, who was being kicked off welfare, with her kids. The reporter was asking her how she was going to make it with this "oh how are you going to survive without welfare?"

This was hilarious, because the lady replied "Oh we will be much better off. I'll have more money, and be able to have a better life for my kids".

You could actually hear the reporter stutter after that.... "um er, well... uh then why didn't you do this before?"

And the lady's response, I'll never forget this until I die. "I didn't have to".

From that time, to today, I've seen this play out dozens of times in my life, with the people I've been around.

I've seen people that intentionally lived off unemployment for as long as they possibly could..... and only when the unemployment ran out, did they go find another job. Why didn't they get a job the week after they were laid off? They didn't have to.

I remember reading a research paper on people during the sub-prime crash, who were living in their homes without employment.

What the research found was that people didn't find a job, until their homes were foreclosed on. The moment a date was set on their evictions..... suddenly.... magically... they were able to find employment... even during a recession!

Why didn't they find a job long long before the foreclosure? Because they didn't have to.

Welfare is inherently bad. It allows people to be lazy, and unproductive, which ultimately hurts them even more than the cost of welfare hurts society.

"Folks, if you pay people not to work, don't be too surprised when they don't."
Rush Limbaugh

The felon said what? Was he high at the time?

A felon? Wanna put money on that Mr fake rich guy?

He went Doctor shopping for pain meds which is a felony.

 

[DBA]

Then why don't you open up Company C and see how long you stay in business.

I own company C and I'm doing VERY well.

You probably don't even own your appliances. If you actually did own a company C, you would have been out of business a long time ago due to competition.

Company C doesn't make a profit?

Businesses pay what they need to pay in order to retain a quality workforce. People work for businesses if they are paid what they deem a fair wage. If my company decided to reduce my wage by 1/3rd, they know I would be looking for work elsewhere. If they don't feel like I am worth what they are paying, they will take that chance. That is the way it works. We aren't owed anything in particular from a company. We are owed what they believe we are worth.

I used this example before, but it will use it again. Why does a water boy for an NFL team make exponentially less than the star QB? Maybe because there are many people who can perform the water boy's job just as adequately but not so many that can be the star QB.

Most business pay the lowest amount they can get away with.

Sure and most people take the jobs that pay the most money. Goes both ways.

 

[Ray From Cleveland]

let us have as our goal that there will be no government program which makes it more profitable to go on welfare than to go to work.

Well I don't think that it is more profitable to go on welfare than it is to go work.

That fact is, that if people don't have to work.... they don't. It's that simple. Yes, you can live better if you are working. But if you don't HAVE TO.... then people don't.

So here in Columbus Ohio, we had a local news channel send out a reporter, in the mid-90s, when we had welfare reform. Now this particular channel wasn't super political, but it appeared the reporter was.

She was interviewing this lady, who was being kicked off welfare, with her kids. The reporter was asking her how she was going to make it with this "oh how are you going to survive without welfare?"

This was hilarious, because the lady replied "Oh we will be much better off. I'll have more money, and be able to have a better life for my kids".

You could actually hear the reporter stutter after that.... "um er, well... uh then why didn't you do this before?"

And the lady's response, I'll never forget this until I die. "I didn't have to".

From that time, to today, I've seen this play out dozens of times in my life, with the people I've been around.

I've seen people that intentionally lived off unemployment for as long as they possibly could..... and only when the unemployment ran out, did they go find another job. Why didn't they get a job the week after they were laid off? They didn't have to.

I remember reading a research paper on people during the sub-prime crash, who were living in their homes without employment.

What the research found was that people didn't find a job, until their homes were foreclosed on. The moment a date was set on their evictions..... suddenly.... magically... they were able to find employment... even during a recession!

Why didn't they find a job long long before the foreclosure? Because they didn't have to.

Welfare is inherently bad. It allows people to be lazy, and unproductive, which ultimately hurts them even more than the cost of welfare hurts society.

"Folks, if you pay people not to work, don't be too surprised when they don't."
Rush Limbaugh

The felon said what? Was he high at the time?

A felon? Wanna put money on that Mr fake rich guy?

He went Doctor shopping for pain meds which is a felony.

But he was never charged or convicted of it. They didn't have the proof other than his blackmailing maid and her ex-con husband, who both received immunity to tell the cops their lie.

When police do drug busts, they know exactly what they are doing. I used to deliver to this place and got to know the guy there that loaded and unloaded me. He lived about two miles from where I do. He's just a super nice guy, really loves sports, and has a lovely girlfriend; a model citizen.

One day when I went to his company, he told me he was going to the bar after work to celebrate. I congratulated him even before I asked what he was celebrating. He told me he just got off of parole.

He met some guy at a sports bar, and they became good friends. They started to hang out, going to baseball and football games, he even had him over for Thanksgiving. One day, the guy asked my friend if he had any coke or knew anybody that did? Of course, he didn't do the shit himself, but had a friend that sold.

So they both met at his house. As soon as the guy gave him the dope and took the money, the door came busting down. HIs new friend pulled out the handcuffs and escorted him out of the house into the police car.

The cops were that slick. They knew if they sent an agent to approach the seller, he'd probably get suspicious. So instead, they went to his happy go lucky friend, who is a more trusting type of person and would never suspect a thing. After all, if the sellers friend could vouch for the guy, who more could he trust??

Because he had no criminal record, and was really an innocent targeted by the DEA, the judge just gave him parole.

 

[mikegriffith1]

Brilliant idea! Let's nearly double the tax rate on the same people we're expecting to create jobs, invest in R&D, donate to charities, keep large amounts of money in long-term investments, and provide good employee benefits.

 

[francoHFW]

Brilliant idea! Let's nearly double the tax rate on the same people we're expecting to create jobs, invest in R&D, donate to charities, keep large amounts of money in long-term investments, and provide good employee benefits.

Works in every other modern country. we are the richest country in the world and we are the only modern country without Healthcare living wage daycare paid parental leave great infrastructure and vacations cheap college in training? Look in the mirror super dupers. So afraid you just live in fear all the time....we are also the only country ever to try a flat tax system like we have now LOL. Great for the rich. GOP voters are the biggest lamebrains in the modern world....

 

[Ray From Cleveland]

Do you consider driving even more long term capital investment offshore than we already do a "downside"? because that is exactly what taxing unrealized cap gains will accomplish.

Why would you want to invest long term in the U.S. if you're facing a guaranteed taxation based haircut on returns each and every year; why not just just take your long term capital investments overseas where you're not facing such a gigantic disadvantage?

The capital was not driven offshore before the gop changed the rules on cap gains and the estate tax. AOC is nuts, but I'm not dissing dems for trying to claw back what the gop gifted to the 1%

I'd prefer repealing the entire gop personal tax bill and just reinstating an estate tax that only applies to estates worth 5 million or more, and is set at the same level as the highest income tax rate.

Then people will just find a place for 4.8 million.

The Democrats are under the illusion that when they go to take the rich mans money, he takes his thumb and holds his pockets open to make it easier on them. The number one priority for the wealthy is finding ways to keep what they made, so they will always find a way.

When somebody takes a little less of your property, it's hardly considered a gift.

Again, I'd agree that AOC is a little nuts, but not taxing the 1% ANYTHING on cap gains NEVER drove them offshore. All we did was let Moscow Mitch give his party elite extra shugah.

So when was their capital gains never taxed? It's not taxed while they're holding the stock, it's taxed when they sell it and reap the profit.

Can you defer capital gains taxes in perpetuity?

I'm no expert, but I believe you can. Who really does that though?

 

[hadit]

Then why don't you open up Company C and see how long you stay in business.

I own company C and I'm doing VERY well.

You probably don't even own your appliances. If you actually did own a company C, you would have been out of business a long time ago due to competition.

Company C doesn't make a profit?

Businesses pay what they need to pay in order to retain a quality workforce. People work for businesses if they are paid what they deem a fair wage. If my company decided to reduce my wage by 1/3rd, they know I would be looking for work elsewhere. If they don't feel like I am worth what they are paying, they will take that chance. That is the way it works. We aren't owed anything in particular from a company. We are owed what they believe we are worth.

I used this example before, but it will use it again. Why does a water boy for an NFL team make exponentially less than the star QB? Maybe because there are many people who can perform the water boy's job just as adequately but not so many that can be the star QB.

Most business pay the lowest amount they can get away with.

And most employees try to get paid as much as they can. That's how it works. Should we then criticize employees for wanting more than their work is worth?

 

[DBA]

Brilliant idea! Let's nearly double the tax rate on the same people we're expecting to create jobs, invest in R&D, donate to charities, keep large amounts of money in long-term investments, and provide good employee benefits.

Works in every other modern country. we are the richest country in the world and we are the only modern country without Healthcare living wage daycare paid parental leave great infrastructure and vacations cheap college in training? Look in the mirror super dupers. So afraid you just live in fear all the time....we are also the only country ever to try a flat tax system like we have now LOL. Great for the rich. GOP voters are the biggest lamebrains in the modern world....

Yeah, we are the biggest "lamebrains" alright. We just happen to represent the majority of "successful" people in this country.

I was a Republican fresh out of college making very little. I knew what it took to be sucessful and what do you know, I got there. I could have sat back and complained about how successful people make too much money and just how unfair it is. That is not a winning strategy, but that is mindset of many recent college graduates thanks to liberal idelogy and brainwashing.

 

[rightwinger]

Brilliant idea! Let's nearly double the tax rate on the same people we're expecting to create jobs, invest in R&D, donate to charities, keep large amounts of money in long-term investments, and provide good employee benefits.

We must protect our super wealthy. Look at all the good they have done since we adopted supply side economics.......sent jobs overseas, cut retirement and healthcare benefits, froze wages

All while keeping the money for themselves

 

[Ray From Cleveland]

Brilliant idea! Let's nearly double the tax rate on the same people we're expecting to create jobs, invest in R&D, donate to charities, keep large amounts of money in long-term investments, and provide good employee benefits.

We must protect our super wealthy. Look at all the good they have done since we adopted supply side economics.......sent jobs overseas, cut retirement and healthcare benefits, froze wages

All while keeping the money for themselves

Actually it's the unions and American consumers responsible for that, not the wealthy.

 

[NightFox]

Personally, I don't see the downside in taxing unrealized cap gains that are not held in retirement accounts like Iras or 401ks or pension plans. People can still itemize and take losses if their earnings are enough to not just take the "humongous" standard deduction that Moscow Mitch and Trump have generously allowed us … while cutting the 1%'s taxes even further.

Do you consider driving even more long term capital investment offshore than we already do a "downside"? because that is exactly what taxing unrealized cap gains will accomplish.

Why would you want to invest long term in the U.S. if you're facing a guaranteed taxation based haircut on returns each and every year; why not just just take your long term capital investments overseas where you're not facing such a gigantic disadvantage?

The capital was not driven offshore before the gop changed the rules on cap gains and the estate tax.

Are you joking? Did you miss the gigantic global tax avoidance industry that's grown up over the past 50 years? Perhaps you need a free trip to PANAMA to familiarize yourself with it.

The proposal to tax UNREALIZED capital gains will only accelerate capital flight offshore, it's essentially a proposal for adding a yearly margin call to U.S. based capital investment which will not only provide additional incentive for offshoring capital but will also inject even more artificial volatility into asset markets as people are forced to sell off assets to cover anticipated tax bills on unrealized gains.

AOC is not only a moron, she has a grasp of finance and economics that one would expect from an infant.

 

[Ray From Cleveland]

Personally, I don't see the downside in taxing unrealized cap gains that are not held in retirement accounts like Iras or 401ks or pension plans. People can still itemize and take losses if their earnings are enough to not just take the "humongous" standard deduction that Moscow Mitch and Trump have generously allowed us … while cutting the 1%'s taxes even further.

Do you consider driving even more long term capital investment offshore than we already do a "downside"? because that is exactly what taxing unrealized cap gains will accomplish.

Why would you want to invest long term in the U.S. if you're facing a guaranteed taxation based haircut on returns each and every year; why not just just take your long term capital investments overseas where you're not facing such a gigantic disadvantage?

The capital was not driven offshore before the gop changed the rules on cap gains and the estate tax.

Are you joking? Did you miss the gigantic global tax avoidance industry that's grown up over the past 50 years? Perhaps you need a free trip to PANAMA to familiarize yourself with it.

The proposal to tax UNREALIZED capital gains will only accelerate capital flight offshore, it's essentially a proposal for adding a yearly margin call to U.S. based capital investment which will not only provide additional incentive for offshoring capital but will also inject even more artificial volatility into asset markets as people are forced to sell off assets to cover anticipated tax bills on unrealized gains.

AOC is not only a moron, she has a grasp of finance and economics that one would expect from an infant.

I'm sure every time the news comes out with something this ding bat said, the people at Boston University slap their palm against their foreheads and say "Oh no, please not again!!!!"

 

[rightwinger]

Brilliant idea! Let's nearly double the tax rate on the same people we're expecting to create jobs, invest in R&D, donate to charities, keep large amounts of money in long-term investments, and provide good employee benefits.

We must protect our super wealthy. Look at all the good they have done since we adopted supply side economics.......sent jobs overseas, cut retirement and healthcare benefits, froze wages

All while keeping the money for themselves

Actually it's the unions and American consumers responsible for that, not the wealthy.

So you claim it was unions that cut wages and benefits and insisted that jobs go overseas

 

[Ray From Cleveland]

Brilliant idea! Let's nearly double the tax rate on the same people we're expecting to create jobs, invest in R&D, donate to charities, keep large amounts of money in long-term investments, and provide good employee benefits.

We must protect our super wealthy. Look at all the good they have done since we adopted supply side economics.......sent jobs overseas, cut retirement and healthcare benefits, froze wages

All while keeping the money for themselves

Actually it's the unions and American consumers responsible for that, not the wealthy.

So you claim it was unions that cut wages and benefits and insisted that jobs go overseas

No, I'm claiming their demands priced us out of the world market. When Americans have a choice between two similar products, they always choose the cheapest one, even if it means quality has to suffer. As wages increased, so did the price of goods the company sold.

 

[bendog]

Personally, I don't see the downside in taxing unrealized cap gains that are not held in retirement accounts like Iras or 401ks or pension plans. People can still itemize and take losses if their earnings are enough to not just take the "humongous" standard deduction that Moscow Mitch and Trump have generously allowed us … while cutting the 1%'s taxes even further.

Do you consider driving even more long term capital investment offshore than we already do a "downside"? because that is exactly what taxing unrealized cap gains will accomplish.

Why would you want to invest long term in the U.S. if you're facing a guaranteed taxation based haircut on returns each and every year; why not just just take your long term capital investments overseas where you're not facing such a gigantic disadvantage?

The capital was not driven offshore before the gop changed the rules on cap gains and the estate tax.

Are you joking? Did you miss the gigantic global tax avoidance industry that's grown up over the past 50 years? Perhaps you need a free trip to PANAMA to familiarize yourself with it.

The proposal to tax UNREALIZED capital gains will only accelerate capital flight offshore, it's essentially a proposal for adding a yearly margin call to U.S. based capital investment which will not only provide additional incentive for offshoring capital but will also inject even more artificial volatility into asset markets as people are forced to sell off assets to cover anticipated tax bills on unrealized gains.

AOC is not only a moron, she has a grasp of finance and economics that one would expect from an infant.

AOC is nuts. But the dems are not illogical, or politically naïve, in saying the treatment of cap gains, esp with the estate tax, is a gift to the wealthy at the expense of our kids

 

[francoHFW]

Actually Democratic whites are richer than Republican whites

Brilliant idea! Let's nearly double the tax rate on the same people we're expecting to create jobs, invest in R&D, donate to charities, keep large amounts of money in long-term investments, and provide good employee benefits.

Works in every other modern country. we are the richest country in the world and we are the only modern country without Healthcare living wage daycare paid parental leave great infrastructure and vacations cheap college in training? Look in the mirror super dupers. So afraid you just live in fear all the time....we are also the only country ever to try a flat tax system like we have now LOL. Great for the rich. GOP voters are the biggest lamebrains in the modern world....

Yeah, we are the biggest "lamebrains" alright. We just happen to represent the majority of "successful" people in this country.

I was a Republican fresh out of college making very little. I knew what it took to be sucessful and what do you know, I got there. I could have sat back and complained about how successful people make too much money and just how unfair it is. That is not a winning strategy, but that is mindset of many recent college graduates thanks to liberal idelogy and brainwashing.

yes yes it's amazing how 95% of the world thinks you are idiots who have no clue about what is going on. And only bought off scumbag pundits agree with you dumbass. Only media owned by Rupert Murdoch. and absolutely zero of your phony scandals have ever gone anywhere in real journalism or with law enforcement. Now you have the deep state conspiracy where everyone in the world is in on it. Except proven scumbags. Did you see Trump's income tax returns from 1984 to 1994, he lost 100 million a year, the worst businessman in America. All he is good at is conning ignorant idiots like you. All he had to do was parrot garbage propaganda and phony scandals. You miss 120% of the news, dipstick. As agreed upon by law enforcement journalists around the world. Wake up

 

[NightFox]

Personally, I don't see the downside in taxing unrealized cap gains that are not held in retirement accounts like Iras or 401ks or pension plans. People can still itemize and take losses if their earnings are enough to not just take the "humongous" standard deduction that Moscow Mitch and Trump have generously allowed us … while cutting the 1%'s taxes even further.

Do you consider driving even more long term capital investment offshore than we already do a "downside"? because that is exactly what taxing unrealized cap gains will accomplish.

Why would you want to invest long term in the U.S. if you're facing a guaranteed taxation based haircut on returns each and every year; why not just just take your long term capital investments overseas where you're not facing such a gigantic disadvantage?

The capital was not driven offshore before the gop changed the rules on cap gains and the estate tax.

Are you joking? Did you miss the gigantic global tax avoidance industry that's grown up over the past 50 years? Perhaps you need a free trip to PANAMA to familiarize yourself with it.

The proposal to tax UNREALIZED capital gains will only accelerate capital flight offshore, it's essentially a proposal for adding a yearly margin call to U.S. based capital investment which will not only provide additional incentive for offshoring capital but will also inject even more artificial volatility into asset markets as people are forced to sell off assets to cover anticipated tax bills on unrealized gains.

AOC is not only a moron, she has a grasp of finance and economics that one would expect from an infant.

AOC is nuts. But the dems are not illogical, or politically naïve, in saying the treatment of cap gains, esp with the estate tax, is a gift to the wealthy at the expense of our kids

What does that have to do with the wisdom of applying a federal tax to UNREALIZED capital gains?

Either the "dems" are illogical or the sheeple that listen to them are if they think that proposing an economy damaging solution represents a good faith effort to address the problem, proposing stupid solutions to real problems is worse than not proposing solutions at all.

The Democrats just like their brethren in Crime the Republicans have a strong tendency to attempt to fix problems BY MAKING THEM WORSE, which is exactly what the "dems" are proposing to do with this idiotic idea.

 

[bendog]

Any

Personally, I don't see the downside in taxing unrealized cap gains that are not held in retirement accounts like Iras or 401ks or pension plans. People can still itemize and take losses if their earnings are enough to not just take the "humongous" standard deduction that Moscow Mitch and Trump have generously allowed us … while cutting the 1%'s taxes even further.

Do you consider driving even more long term capital investment offshore than we already do a "downside"? because that is exactly what taxing unrealized cap gains will accomplish.

Why would you want to invest long term in the U.S. if you're facing a guaranteed taxation based haircut on returns each and every year; why not just just take your long term capital investments overseas where you're not facing such a gigantic disadvantage?

The capital was not driven offshore before the gop changed the rules on cap gains and the estate tax.

Are you joking? Did you miss the gigantic global tax avoidance industry that's grown up over the past 50 years? Perhaps you need a free trip to PANAMA to familiarize yourself with it.

The proposal to tax UNREALIZED capital gains will only accelerate capital flight offshore, it's essentially a proposal for adding a yearly margin call to U.S. based capital investment which will not only provide additional incentive for offshoring capital but will also inject even more artificial volatility into asset markets as people are forced to sell off assets to cover anticipated tax bills on unrealized gains.

AOC is not only a moron, she has a grasp of finance and economics that one would expect from an infant.

AOC is nuts. But the dems are not illogical, or politically naïve, in saying the treatment of cap gains, esp with the estate tax, is a gift to the wealthy at the expense of our kids

What does that have to do with the wisdom of applying a federal tax to UNREALIZED capital gains?

Either the "dems" are illogical or the sheeple that listen to them are if they think that proposing an economy damaging solution represents a good faith effort to address the problem, proposing stupid solutions to real problems is worse than not proposing solutions at all.

The Democrats just like their brethren in Crime the Republicans have a strong tendency to attempt to fix problems BY MAKING THEM WORSE, which is exactly what the "dems" are proposing to do with this idiotic idea.

You are attempting to defend the current treatment of cap gains being taxed at half of what ordinary income is taxed at, while no tax atll is paid on estates less than 11.5 million. ANYTHING the dems propose is less crazy, because it forces the gop to defend their policy.