|
|
| Re: Ocasio-Cortez suggests raising taxes 70% (1588258) | |
 |
|
| Home > OTChat | |
[ Post a New Response | Return to the Index ]
|
Page 2 of 3 |
||
|
| (1588316) | |
Re: Ocasio-Cortez suggests raising taxes 70% |
|
|
Posted by mtk52983 on Mon Jan 7 12:38:08 2019, in response to Re: Ocasio-Cortez suggests raising taxes 70%, posted by chicagomotorman on Mon Jan 7 12:10:21 2019. I will try and explain it as best as I can so you are not baffled.Every person needs a certain amount of money to live. Figure they need roughly $200/week for rent, $100/week for groceries and other food, $20/week for utilities, $75/week for public transportation, $100/week for miscellaneous that is $495/week not including health insurance or luxuries like a car. That means that a person will need $25,740 per year in order to live. For the person making $20,000/year that 10% tax is disaster because now they have to find a way to cut $7,740.00 per year from their budget just to live. On the other hand, your millionaire having the same 10% tax the $900,000 he/she now has does not mean that anything needs to be cut. |
|
|
| (1588317) | |
Re: Ocasio-Cortez suggests raising taxes 70% |
|
|
Posted by Catfish 44 on Mon Jan 7 12:43:02 2019, in response to Re: Ocasio-Cortez suggests raising taxes 70%, posted by JayZeeBMT on Mon Jan 7 12:25:34 2019. That's nice but you didn't answer the questions. |
|
|
| (1588318) | |
Re: Ocasio-Cortez suggests raising taxes 70% |
|
|
Posted by Catfish 44 on Mon Jan 7 12:46:21 2019, in response to Re: Ocasio-Cortez suggests raising taxes 70%, posted by Spider-Pig on Mon Jan 7 12:36:13 2019. It's not as simple as that |
|
|
| (1588320) | |
Re: Ocasio-Cortez suggests raising taxes 70% |
|
|
Posted by Chicagomotorman on Mon Jan 7 12:58:39 2019, in response to Re: Ocasio-Cortez suggests raising taxes 70%, posted by mtk52983 on Mon Jan 7 12:38:08 2019. Everyone should have skin in the game. |
|
|
| (1588322) | |
Re: Ocasio-Cortez suggests raising taxes 70% |
|
|
Posted by Spider-Pig on Mon Jan 7 12:59:45 2019, in response to Re: Ocasio-Cortez suggests raising taxes 70%, posted by Spider-Pig on Mon Jan 7 12:36:13 2019. Yes. There were other factors contributing to America's economic growth back then, but the high marginal tax rates were not deleterious to that growth, and the subsequent tax cuts were not helpful to the middle class. |
|
|
| (1588324) | |
Re: Ocasio-Cortez suggests raising taxes 70% |
|
|
Posted by Spider-Pig on Mon Jan 7 13:00:40 2019, in response to Re: Ocasio-Cortez suggests raising taxes 70%, posted by Chicagomotorman on Mon Jan 7 12:58:39 2019. I disagree. |
|
|
| (1588327) | |
Re: Ocasio-Cortez suggests raising taxes 70% |
|
|
Posted by BILLBKLYN on Mon Jan 7 13:04:58 2019, in response to Ocasio-Cortez suggests raising taxes 70%, posted by chicagomotorman on Mon Jan 7 10:56:57 2019. Beauty AND brains!!😂🤣😂🤣😂🤣 |
|
|
| (1588328) | |
Re: Ocasio-Cortez suggests raising taxes 70% |
|
|
Posted by chicagomotorman on Mon Jan 7 13:07:44 2019, in response to Re: Ocasio-Cortez suggests raising taxes 70%, posted by BILLBKLYN on Mon Jan 7 13:04:58 2019. I don't think she has either. |
|
|
| (1588329) | |
Re: Ocasio-Cortez suggests raising taxes 70% |
|
|
Posted by BILLBKLYN on Mon Jan 7 13:08:19 2019, in response to Re: Ocasio-Cortez suggests raising taxes 70%, posted by JayZeeBMT on Mon Jan 7 12:25:34 2019. When you were an EMS, you didn't go to "your guy" to get your taxes done oh, so you can get back as much as possible? |
|
|
| (1588338) | |
Re: Ocasio-Cortez suggests raising taxes 70% |
|
|
Posted by bingbong on Mon Jan 7 14:08:28 2019, in response to Re: Ocasio-Cortez suggests raising taxes 70%, posted by Chicagomotorman on Mon Jan 7 12:58:39 2019. Everyone DOES already. Progressive tax rates are the fairest means of doing so. |
|
|
| (1588340) | |
Re: Ocasio-Cortez suggests raising taxes 70% |
|
|
Posted by chicagomotorman on Mon Jan 7 14:14:43 2019, in response to Re: Ocasio-Cortez suggests raising taxes 70%, posted by bingbong on Mon Jan 7 14:08:28 2019. Answer my question. |
|
|
| (1588342) | |
Re: Ocasio-Cortez suggests raising taxes 70% |
|
|
Posted by Dave on Mon Jan 7 14:23:27 2019, in response to Re: Ocasio-Cortez suggests raising taxes 70%, posted by Spider-Pig on Mon Jan 7 11:55:21 2019. If you think somewhere earning $10 million a year is going to happily fork over 7 million in taxes (plus state, city (if required), and medicare taxes), you're fooling yourself. |
|
|
| (1588343) | |
Re: Ocasio-Cortez suggests raising taxes 70% |
|
|
Posted by AlM on Mon Jan 7 14:28:05 2019, in response to Re: Ocasio-Cortez suggests raising taxes 70%, posted by Dave on Mon Jan 7 14:23:27 2019. Have you heard of incremental tax rates?They would pay 70% of their income from 10 million to 11 million, not 70% of the first 10 million. PS. I agree 70% is too high even for an incremental top rate, in large part because of all the other taxes. But it's not as you portray it. |
|
|
| (1588344) | |
Re: Ocasio-Cortez suggests raising taxes 70% |
|
|
Posted by Mitch45 on Mon Jan 7 14:31:32 2019, in response to Ocasio-Cortez suggests raising taxes 70%, posted by chicagomotorman on Mon Jan 7 10:56:57 2019. This stuff never works. All that will happen is that the wealthy will find ways to hide their money and the middle class will take it up the ass. |
|
|
| (1588347) | |
Re: Ocasio-Cortez suggests raising taxes 70% |
|
|
Posted by Spider-Pig on Mon Jan 7 14:33:51 2019, in response to Re: Ocasio-Cortez suggests raising taxes 70%, posted by Dave on Mon Jan 7 14:23:27 2019. WTF? You are not that stupid as to not understand marginal tax rates. |
|
|
| (1588349) | |
Re: Ocasio-Cortez suggests raising taxes 70% |
|
|
Posted by Spider-Pig on Mon Jan 7 14:35:52 2019, in response to Re: Ocasio-Cortez suggests raising taxes 70%, posted by Mitch45 on Mon Jan 7 14:31:32 2019. The wealthy already hide their money. Do you sincerely believe that wealthy people don't already avoid every cent in tax they legally can? Even the president has bragged about it. |
|
|
| (1588351) | |
Re: Ocasio-Cortez suggests raising taxes 70% |
|
|
Posted by AlM on Mon Jan 7 14:40:51 2019, in response to Re: Ocasio-Cortez suggests raising taxes 70%, posted by Spider-Pig on Mon Jan 7 14:33:51 2019. Consider it a willing suspension of disbelief. :) |
|
|
| (1588352) | |
Re: Ocasio-Cortez suggests raising taxes 70% |
|
|
Posted by bingbong on Mon Jan 7 14:41:24 2019, in response to Re: Ocasio-Cortez suggests raising taxes 70%, posted by Dave on Mon Jan 7 14:23:27 2019. LOL! You have no clue as to how progressive taxation works, do you? What's the rate for under 10 million? That's what someone making $10 mil would pay on that income level, At $10M, they pay 70% FROM that point to the max of their income. So if they make $15M, only that LAST $5M is taxed at 70%. At that point, it's money they'd never notice anyway. This flies right over your head? |
|
|
| (1588355) | |
Re: Ocasio-Cortez suggests raising taxes 70% |
|
|
Posted by Olog-hai on Mon Jan 7 14:53:40 2019, in response to Re: Ocasio-Cortez suggests raising taxes 70%, posted by BILLBKLYN on Mon Jan 7 13:04:58 2019. Two things she wishes she had. |
|
|
| (1588356) | |
Re: Ocasio-Cortez suggests raising taxes 70% |
|
|
Posted by JayZeeBMT on Mon Jan 7 14:57:49 2019, in response to Re: Ocasio-Cortez suggests raising taxes 70%, posted by Mitch45 on Mon Jan 7 14:31:32 2019. Why not? In the Fifties, the top tax rate on the wealthiest 10% was 90%. The rich who were taxed at that rate didn't go to the poor house behind it, and the money the government got financed big public works projects and made the middle class possible. |
|
|
| (1588358) | |
Re: Ocasio-Cortez suggests raising taxes 70% |
|
|
Posted by Fred G on Mon Jan 7 15:14:12 2019, in response to Re: Ocasio-Cortez suggests raising taxes 70%, posted by Dave on Mon Jan 7 14:23:27 2019. No way. But it wouldn’t be 7 million because it’s not 70% of the 10 million but 70% of what is beyond 10 million |
|
|
| (1588360) | |
Re: Ocasio-Cortez suggests raising taxes 70% |
|
|
Posted by Mitch45 on Mon Jan 7 15:31:32 2019, in response to Re: Ocasio-Cortez suggests raising taxes 70%, posted by Spider-Pig on Mon Jan 7 14:35:52 2019. So then what was the value of her statement? |
|
|
| (1588361) | |
Re: Ocasio-Cortez suggests raising taxes 70% |
|
|
Posted by Spider-Pig on Mon Jan 7 15:39:51 2019, in response to Re: Ocasio-Cortez suggests raising taxes 70%, posted by Mitch45 on Mon Jan 7 15:31:32 2019. Because it would be good policy. |
|
|
| (1588362) | |
Re: Ocasio-Cortez suggests raising taxes 70% |
|
|
Posted by LuchAAA on Mon Jan 7 15:48:22 2019, in response to Re: Ocasio-Cortez suggests raising taxes 70%, posted by Spider-Pig on Mon Jan 7 15:39:51 2019. Socialist-Pig |
|
|
| (1588363) | |
Re: Ocasio-Cortez suggests raising taxes 70% |
|
|
Posted by LuchAAA on Mon Jan 7 15:51:50 2019, in response to Re: Ocasio-Cortez suggests raising taxes 70%, posted by Dave on Mon Jan 7 14:23:27 2019. Exactly. There will be no motivation to succeed. This will hurt progress and innovation. |
|
|
| (1588364) | |
Re: Ocasio-Cortez suggests raising taxes 70% |
|
|
Posted by JayZeeBMT on Mon Jan 7 15:54:06 2019, in response to Re: Ocasio-Cortez suggests raising taxes 70%, posted by LuchAAA on Mon Jan 7 15:48:22 2019. Those monies go to fund radical socialist programs like the FBI, National Park Service, DHS, HHS, EPA, FAA, Medicare, the VA (Socialized medicine! God help us, whatever shall we do!), and even the leftist DC Metro subway system. |
|
|
| (1588365) | |
Re: Ocasio-Cortez suggests raising taxes 70% |
|
|
Posted by JayZeeBMT on Mon Jan 7 15:55:31 2019, in response to Re: Ocasio-Cortez suggests raising taxes 70%, posted by LuchAAA on Mon Jan 7 15:51:50 2019. AGAIN, for the peanut gallery in the back...the 70% tax rate is for AFTER the first $10 million... |
|
|
| (1588366) | |
Re: Ocasio-Cortez suggests raising taxes 70% |
|
|
Posted by Olog-hai on Mon Jan 7 15:56:49 2019, in response to Re: Ocasio-Cortez suggests raising taxes 70%, posted by LuchAAA on Mon Jan 7 15:48:22 2019. pwnt. |
|
|
| (1588368) | |
Re: Ocasio-Cortez suggests raising taxes 70% |
|
|
Posted by Spider-Pig on Mon Jan 7 16:04:21 2019, in response to Re: Ocasio-Cortez suggests raising taxes 70%, posted by LuchAAA on Mon Jan 7 15:48:22 2019. LOL! |
|
|
| (1588369) | |
Re: Ocasio-Cortez suggests raising taxes 70% |
|
|
Posted by Spider-Pig on Mon Jan 7 16:04:47 2019, in response to Re: Ocasio-Cortez suggests raising taxes 70%, posted by JayZeeBMT on Mon Jan 7 15:55:31 2019. You won't get through. |
|
|
| (1588371) | |
Re: Ocasio-Cortez suggests raising taxes 70% |
|
|
Posted by FtgreeneG on Mon Jan 7 16:05:59 2019, in response to Re: Ocasio-Cortez suggests raising taxes 70%, posted by JayZeeBMT on Mon Jan 7 15:55:31 2019. The Peanut Gallery won't get past the tagline...lol |
|
|
| (1588408) | |
Re: Ocasio-Cortez suggests raising taxes 70% |
|
|
Posted by BILLBKLYN on Mon Jan 7 17:33:15 2019, in response to Ocasio-Cortez suggests raising taxes 70%, posted by chicagomotorman on Mon Jan 7 10:56:57 2019. I would have everyone pay the same percentage of taxes based on their salaries. |
|
|
| (1588414) | |
Re: Ocasio-Cortez suggests raising taxes 70% |
|
|
Posted by mtk52983 on Mon Jan 7 17:36:18 2019, in response to Re: Ocasio-Cortez suggests raising taxes 70%, posted by BILLBKLYN on Mon Jan 7 17:33:15 2019. How do you handle the problem I discussed earlier where someone's salary may not cover food/shelter/transportation and that is before taxes? How do you handle non-salary income? |
|
|
| (1588419) | |
Re: Ocasio-Cortez suggests raising taxes 70% |
|
|
Posted by BILLBKLYN on Mon Jan 7 17:38:59 2019, in response to Re: Ocasio-Cortez suggests raising taxes 70%, posted by Spider-Pig on Mon Jan 7 14:35:52 2019. So do middle and working class people if they are savvy enough. |
|
|
| (1588420) | |
Re: Ocasio-Cortez suggests raising taxes 70% |
|
|
Posted by chicagomotorman on Mon Jan 7 17:40:41 2019, in response to Re: Ocasio-Cortez suggests raising taxes 70%, posted by BILLBKLYN on Mon Jan 7 17:33:15 2019. OUITSTANDING POST! ITAWTLP |
|
|
| (1588450) | |
Re: Ocasio-Cortez suggests raising taxes 70% |
|
|
Posted by BILLBKLYN on Mon Jan 7 17:58:44 2019, in response to Re: Ocasio-Cortez suggests raising taxes 70%, posted by mtk52983 on Mon Jan 7 17:36:18 2019. I mean the percentage you pay is based on your salary. You can't have the rich pay more percentage wise just because they happen to make more money. |
|
|
| (1588451) | |
Re: Ocasio-Cortez suggests raising taxes 70% |
|
|
Posted by chicagomotorman on Mon Jan 7 17:59:12 2019, in response to Re: Ocasio-Cortez suggests raising taxes 70%, posted by BILLBKLYN on Mon Jan 7 17:58:44 2019. iawtlp |
|
|
| (1588456) | |
Re: Ocasio-Cortez suggests raising taxes 70% |
|
|
Posted by Mtk52983 on Mon Jan 7 18:02:00 2019, in response to Re: Ocasio-Cortez suggests raising taxes 70%, posted by BILLBKLYN on Mon Jan 7 17:58:44 2019. I am not following your post. Are you advocating for a flat tax which has the first problem I stated or are you saying that progressive income tax should be on salary only not income? |
|
|
| (1588463) | |
Re: Ocasio-Cortez suggests raising taxes 70% |
|
|
Posted by Fred G on Mon Jan 7 18:08:46 2019, in response to Re: Ocasio-Cortez suggests raising taxes 70%, posted by Mtk52983 on Mon Jan 7 18:02:00 2019. Third option: you have to deduce his voice to text |
|
|
| (1588474) | |
Re: Ocasio-Cortez suggests raising taxes 70% |
|
|
Posted by Spider-Pig on Mon Jan 7 18:12:13 2019, in response to Re: Ocasio-Cortez suggests raising taxes 70%, posted by BILLBKLYN on Mon Jan 7 17:58:44 2019. What about unearned income or other income that's not salary or a wage? |
|
|
| (1588477) | |
Re: Ocasio-Cortez suggests raising taxes 70% |
|
|
Posted by BILLBKLYN on Mon Jan 7 18:14:22 2019, in response to Re: Ocasio-Cortez suggests raising taxes 70%, posted by Fred G on Mon Jan 7 18:08:46 2019. Don't you have a gig in Dangerfield's tonight? |
|
|
| (1588479) | |
Re: Ocasio-Cortez suggests raising taxes 70% |
|
|
Posted by BILLBKLYN on Mon Jan 7 18:16:46 2019, in response to Re: Ocasio-Cortez suggests raising taxes 70%, posted by Mtk52983 on Mon Jan 7 18:02:00 2019. Individual # 1 pays 13% of a $ 25,000 salary in taxes.Individual # 2 pays 13% of a $3,000,000 salary in taxes. |
|
|
| (1588480) | |
Re: Ocasio-Cortez suggests raising taxes 70% |
|
|
Posted by BILLBKLYN on Mon Jan 7 18:17:29 2019, in response to Re: Ocasio-Cortez suggests raising taxes 70%, posted by Spider-Pig on Mon Jan 7 18:12:13 2019. Keep it like it is now. |
|
|
| (1588482) | |
Re: Ocasio-Cortez suggests raising taxes 70% |
|
|
Posted by Spider-Pig on Mon Jan 7 18:19:09 2019, in response to Re: Ocasio-Cortez suggests raising taxes 70%, posted by BILLBKLYN on Mon Jan 7 18:16:46 2019. Individual-1 has a $400,000 salary as President of the United States. |
|
|
| (1588484) | |
Re: Ocasio-Cortez suggests raising taxes 70% |
|
|
Posted by Spider-Pig on Mon Jan 7 18:19:42 2019, in response to Re: Ocasio-Cortez suggests raising taxes 70%, posted by BILLBKLYN on Mon Jan 7 18:17:29 2019. Which is not flat. |
|
|
| (1588488) | |
Re: Ocasio-Cortez suggests raising taxes 70% |
|
|
Posted by Fred G on Mon Jan 7 18:21:27 2019, in response to Re: Ocasio-Cortez suggests raising taxes 70%, posted by BILLBKLYN on Mon Jan 7 18:14:22 2019. Not me; I have a day job |
|
|
| (1588490) | |
Re: Ocasio-Cortez suggests raising taxes 70% |
|
|
Posted by Mtk52983 on Mon Jan 7 18:24:13 2019, in response to Re: Ocasio-Cortez suggests raising taxes 70%, posted by BILLBKLYN on Mon Jan 7 18:16:46 2019. Thank you for clarifying in part. I still feel that has the problem that many will see tax increases because currently below a certain amount effective tax rate is zero. Those who can't afford food, shelter, transportation before your flat tax will struggle even more now that they agree taxed. Also does salary include income from all sources like partnerships and trusts even if they are not a salary in the literal sense? |
|
|
| (1588495) | |
Re: Ocasio-Cortez suggests raising taxes 70% |
|
|
Posted by BILLBKLYN on Mon Jan 7 18:31:45 2019, in response to Re: Ocasio-Cortez suggests raising taxes 70%, posted by Spider-Pig on Mon Jan 7 18:19:09 2019. Now THAT was witty and funny!!! See Fred, THAT'S how you do it!! |
|
|
| (1588500) | |
Re: Ocasio-Cortez suggests raising taxes 70% |
|
|
Posted by Olog-hai on Mon Jan 7 18:38:59 2019, in response to Re: Ocasio-Cortez suggests raising taxes 70%, posted by Spider-Pig on Mon Jan 7 18:19:09 2019. He's been donating that salary to various departments, e.g. the SBA. |
|
|
| (1588514) | |
Re: Ocasio-Cortez suggests raising taxes 70% |
|
|
Posted by Chicagomotorman on Mon Jan 7 18:56:15 2019, in response to Re: Ocasio-Cortez suggests raising taxes 70%, posted by BILLBKLYN on Mon Jan 7 18:17:29 2019. The way it is now is a compromise. |
|
|
|
Page 2 of 3 |
||