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Started By
Message
re: Warren’s 6% wealth tax is equivalent to an income tax of well over 100%
Posted on 11/1/19 at 12:44 pm to Tchefuncte Tiger
Posted on 11/1/19 at 12:44 pm to Tchefuncte Tiger
quote:
How long will it be before Liawatha and Bernie advocate confiscating private savings accounts?
Would instantly start a war.
1
Posted on 11/1/19 at 12:47 pm to Ace Midnight
quote:
The only question is - how long will the wealthy be able to put them off?
Depends on how you became wealthy.
This is meant to squeeze out the petite bourgeoisie.
Posted on 11/1/19 at 12:49 pm to HailHailtoMichigan!
Posted on 11/1/19 at 12:49 pm to HailHailtoMichigan!
Warren thinks the voters are stupid and deplorable
Posted on 11/1/19 at 12:53 pm to Jcorye1
quote:
Would instantly start a war.
No it wouldn'tPosted on 11/1/19 at 12:53 pm to HailHailtoMichigan!
Lizzy gonna lose even the Wall Street libs with plans like this. They warned the Democrats.
Funny how Trump is gotta have this headache, but in doing so he's destroyed Biden.....who has been slipping big time and will continue to do so and the Democrats will be forced to nominate a Liz Warren that is so far left, EuroComm's blush.
Funny how Trump is gotta have this headache, but in doing so he's destroyed Biden.....who has been slipping big time and will continue to do so and the Democrats will be forced to nominate a Liz Warren that is so far left, EuroComm's blush.
Posted on 11/1/19 at 12:57 pm to Mike Honcho
Yea, that’s not what I meant. My bad if not clear.
I’m saying that even if Congress were to pass Warren’s wealth tax using the standard approach, the courts would strike it down as unconstitutional. So it would require a constitutional amendment to actually implement a wealth tax, and with the crazy high barriers those require, there is no chance that it would ever pass.
I’m saying that even if Congress were to pass Warren’s wealth tax using the standard approach, the courts would strike it down as unconstitutional. So it would require a constitutional amendment to actually implement a wealth tax, and with the crazy high barriers those require, there is no chance that it would ever pass.
Posted on 11/1/19 at 12:58 pm to HailHailtoMichigan!
How exactly do they expect people to pay that much. Do they think billionaires are just sitting on that kind of cash?
Posted on 11/1/19 at 1:22 pm to HailHailtoMichigan!
Can someone explain the premise of the OP?
6% tax on what? Wealth or income?
Is this just illustrating the tax will outpace growth? Seems arbitrary and confusing to apply this to income.
6% tax on what? Wealth or income?
Is this just illustrating the tax will outpace growth? Seems arbitrary and confusing to apply this to income.
Posted on 11/1/19 at 1:24 pm to OceanMan
it's on wealth.
Posted on 11/1/19 at 1:27 pm to HailHailtoMichigan!
It's not your wealth anyway, the federal government is just nice enough to let you borrow it for a little while.
Posted on 11/1/19 at 1:43 pm to Pelican fan99
quote:
Do they think billionaires are just sitting on that kind of cash?
These idiots have no idea the difference between liquidity and net worth.
Posted on 11/1/19 at 2:58 pm to HailHailtoMichigan!
It’s open season on the wealthy. Class warfare is the name of the game and once they divide the country based on perceived economic measures, they pit one against the other for their political gain.
Rather than try to lift people out of economic doldrums, they try to bring the top down.
It’s incredibly dangerous and unamerican
Rather than try to lift people out of economic doldrums, they try to bring the top down.
It’s incredibly dangerous and unamerican
Posted on 11/1/19 at 3:00 pm to HailHailtoMichigan!
quote:
This is insanity.
nah
Pays for trumps new debt incurred by low tax on rich.
Posted on 11/1/19 at 4:04 pm to CelticDog
quote:
Pays for trumps new debt incurred by low tax on rich.
It does a bit more than that, otto.
Aren't you an old fart? Surprised you're so cavalier about this kind of taxation. It affects older middle and upper middle class retirees significantly.
This post was edited on 11/1/19 at 4:06 pm
Posted on 11/1/19 at 4:22 pm to HailHailtoMichigan!
What is considered wealth?
Is it all based in net worth?
If I own a million dollar property but do not make money off of it, will I still be forced to pay an additional 6% take on that “wealth”?
Is it all based in net worth?
If I own a million dollar property but do not make money off of it, will I still be forced to pay an additional 6% take on that “wealth”?
Posted on 11/1/19 at 4:30 pm to udtiger
quote:
Constitution doesn't allow for a wealth tax.
you're gonna have a tough time supporting Trump if you're troubled by this.
Posted on 11/1/19 at 7:38 pm to memphis tiger
What is considered wealth?
Is it all based in net worth?
If I own a million dollar property but do not make money off of it, will I still be forced to pay an additional 6% take on that “wealth
I would say the tax is on net worth, so you would be out only $60,000. The good news is that it would only be for one year. The next year, the value would collapse on the building, and would be taxed on the new, rock bottom value.
Is it all based in net worth?
If I own a million dollar property but do not make money off of it, will I still be forced to pay an additional 6% take on that “wealth
I would say the tax is on net worth, so you would be out only $60,000. The good news is that it would only be for one year. The next year, the value would collapse on the building, and would be taxed on the new, rock bottom value.
Posted on 11/1/19 at 7:43 pm to CelticDog
quote:
nah
Pays for trumps new debt incurred by low tax on rich.
You are a liar.
US TAX REVENUE BY YEAR
Quote:
FY 2020 - $3.64 trillion, budgeted.
FY 2019 - $3.44 trillion, estimated.
FY 2018 - $3.33 trillion.
FY 2017 - $3.32 trillion.
So what are you coming up with next liar?
Posted on 11/1/19 at 7:44 pm to LSUconvert
quote:
you're gonna have a tough time supporting Trump if you're troubled by this.
What does this unintelligible babble mean?
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