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Started By
Message
re: Millionaire Tax Would Generate About $400 Billion in Revenue
Posted on 4/21/25 at 4:19 pm to TDsngumbo
Posted on 4/21/25 at 4:19 pm to TDsngumbo
quote:
We revolted, fought a long war for independence, lost 25,000 brave souls, and birthed the most powerful nation Earth has ever seen over a 3% tax.
On a fricking beverage, no less.
0
Posted on 4/21/25 at 4:20 pm to Major Dutch Schaefer
Still waiting for them to tax carried interest at the ordinary tax rate….
Posted on 4/21/25 at 4:21 pm to Major Dutch Schaefer
Ill retire and they wont get what they get from me now
Posted on 4/21/25 at 4:24 pm to jrodLSUke
quote:
GOP needs to focus on spending less, period.
This.
Double down on Doge... Triple down....
The money is there, quit burning it to hear your third homes, politicians.
Posted on 4/21/25 at 4:26 pm to Major Dutch Schaefer
Just reduce their tax exemptions …. keep it simple
Posted on 4/21/25 at 5:12 pm to cadillacattack
Bad idea all the way around
Posted on 4/21/25 at 5:16 pm to Major Dutch Schaefer
Start it at $10 million and I’ll listen. Would still rather have a consumption tax.
Posted on 4/21/25 at 5:17 pm to Drizzt
quote:
Would still rather have a consumption tax.
Same. As long as its across the board, and we're not choosing winners and losers.
Posted on 4/21/25 at 5:18 pm to Major Dutch Schaefer
What’s $400 billion going to do when you have trillion dollar out of control spending?
Posted on 4/21/25 at 5:21 pm to Major Dutch Schaefer
This idea will be a tremendous boost for people busting their arse to be great and come up with new innovations.
Here’s your reward for doing incredibly great work and busting your arse.
Here’s your reward for doing incredibly great work and busting your arse.
Posted on 4/21/25 at 5:23 pm to TheBob
Page nine of the communist manifesto divide and conquer.
Posted on 4/21/25 at 5:28 pm to Major Dutch Schaefer
I won't accept higher taxes until spending can't be cut any further. I have learned my lesson, but the government has yet to learn theirs.
Posted on 4/21/25 at 5:30 pm to Major Dutch Schaefer
If ever anyone needed convincing that there is only 1 party, this is it. Instead of focusing on cutting costs by eliminating the NGO fraud and waste, these uniparty thieves would rather just try and increase revenue to try and keep their grift going.
Posted on 4/21/25 at 5:48 pm to jrodLSUke
quote:
GOP needs to focus on spending less, period.
That would be a nice change of pace.
Posted on 4/21/25 at 5:51 pm to Nurbis
quote:
Yep. That 40 billion per year would cover around 2.5 days' worth of spending.
All of a sudden, we're open to the rounding error argument!Posted on 4/21/25 at 5:52 pm to Major Dutch Schaefer
quote:That's a very dramatic framing of "top marginal rate goes from 37 to ~40ish where it was before December 2017".
that taxing income over $1 million at a 40% rate
Posted on 4/21/25 at 5:53 pm to Major Dutch Schaefer
quote:
A Republican proposal to impose a tax hike on millionaires
Have the republicans taken all of the democrats fiscal policy??
Someone insert AOC's "Tax the Rich" dress please......
Posted on 4/21/25 at 5:55 pm to Major Dutch Schaefer
Magabaws here are all multimillionaires
Posted on 4/21/25 at 5:56 pm to Pettifogger
quote:
It's already ridiculous that couples making 400K+ are hitting 35-37%.
That doesn't make sense.
Married filing jointly:
400,000 AGI
-8550 HSA
-30000 std deduction
-47,000 401k
314,450 taxable income
Putting 69,450 into your top marginal rate of 32%, without even itemizing. A 400,000 AGI wouldn't even put them in the 35% bracket.
I also forgot to take out health care premiums. Another -18,000 - -24,000?
What am I missing?
This post was edited on 4/21/25 at 6:08 pm
Posted on 4/21/25 at 5:57 pm to Harry Boutte
quote:Nothing. People frequently vastly overestimate their realized marginal rate.
What am I missing?
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