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Bannon reportedly calls for tax of 44 percent on those earning over 5 million a year
Posted on 7/26/17 at 10:18 pm
Posted on 7/26/17 at 10:18 pm
Posted on 7/26/17 at 10:20 pm to SirWinston
I wish it were higher and the amount of money it kicks in at were much lower, but at least it is a start.
Posted on 7/26/17 at 10:21 pm to Eurocat
There are so many ways to not show that much income, even if you are making that much.
I doubt any SEC coaches would even be subject to that after deductions and write-offs.
I doubt any SEC coaches would even be subject to that after deductions and write-offs.
Posted on 7/26/17 at 10:23 pm to Eurocat
Say what you want about Bannon, but I truly believe he's actually interested in helping regular American citizens.
Posted on 7/26/17 at 10:23 pm to Eurocat
I hate Bernie Sanders, this damn commie demanding - oh wait
Posted on 7/26/17 at 10:24 pm to Eurocat
Guy needs to comb his hair. Maybe brain will start working.
Actually, I don't believe it.... Something smells in here....wait....Super, super #FAKE NEWS!!! This is totally fake.
#MAGA
Posted on 7/26/17 at 10:25 pm to Eurocat
This is bullshite. The government has no more right to a rich mans money than a poor man's
Posted on 7/26/17 at 10:28 pm to Eurocat
Eurocat getting behind PT forum hero Steve Bannon policies.
Posted on 7/26/17 at 10:28 pm to TigerChief10
quote:
The government has no more right to a rich mans money than a poor man's
You could make an argument that they certainly do
Posted on 7/26/17 at 10:28 pm to Eurocat
I disagree with it completely but if forced to negotiate to balance the budget I would probably do the same thing. I don't know why our income tax stops being progressive at such a low number.
Posted on 7/26/17 at 10:28 pm to Eurocat
That is insane. Why should anyone be forced to give that much to the government? After all other taxes that person will probably be paying close to 55 or 60% of their income to the government.
Posted on 7/26/17 at 10:30 pm to Powerman
You could also make the argument that those rich people are the ones who really stimulate and help the economy grow and the money is much better off in their hands than our proven to be corrupt government.
Posted on 7/26/17 at 10:31 pm to Eurocat
44% is nothing.
It's still amazing that the top rate for regular income was 91% for regular income and was accepted for a decade...and then suddenly not accepted after the 50's-60's.
Then 70% in the 70's.
Then 50% under Reagan...
And then dropped to nothing 28% in 1988...
Is 40% some magical number? It hovers around 39% the last 30 years.
And has never been above 40% again.
It's still amazing that the top rate for regular income was 91% for regular income and was accepted for a decade...and then suddenly not accepted after the 50's-60's.
Then 70% in the 70's.
Then 50% under Reagan...
And then dropped to nothing 28% in 1988...
Is 40% some magical number? It hovers around 39% the last 30 years.
And has never been above 40% again.
This post was edited on 7/26/17 at 10:33 pm
Posted on 7/26/17 at 10:33 pm to Eurocat
Going to be higher than that after DC and The MSM gets this war with Russia started.
Posted on 7/26/17 at 10:33 pm to Eurocat
quote:
Bannon reportedly calls for tax of 44 percent on those earning over 5 million a year
But only for the blacks and joos right? Cause muh racist Nazis.
Posted on 7/26/17 at 10:36 pm to beaverfever
quote:Well that has been the left's argument for quite some time. Problem is that if they really want to address the deficit and debt via income taxes, then the only income group that would make a feasible dent is the middle class. That's not a practical solution nor politically doable.
I disagree with it completely but if forced to negotiate to balance the budget I would probably do the same thing.
quote:Maybe I'm just poor, but $400+ thousand is not seem low in any sense.
I don't know why our income tax stops being progressive at such a low number.
Posted on 7/26/17 at 10:37 pm to Eurocat
I am supportive of 90% of Bannon's ideas, but this one is not good. It just encourages more elaborate accounting and I don't imagine revenues would change much at all. Very, very few people make that kind of money from taxable income.
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