visionary Posted February 4, 2019 Share Posted February 4, 2019 Link to comment Share on other sites More sharing options...
NoCalMike Posted February 4, 2019 Share Posted February 4, 2019 Yes I like how Fox keeps wanting to run with "The Democrats running so far left on issues like......taxes (to name one)" yet the GOP also agrees with higher tax rates over a certain level of income. Whoever wins the (D) primary needs to get their messaging on stuff like this, also bring up the fact that Trump had previously said his wealthy class of buddies would hate him for raising their taxes, then went and did the opposite. Then cite these polls to show it is Trump (and the GOP) that is not aligned with mainstream America on the tax issue. It doesn't seem like a hard issue to win on, but leave it to the Dems.........ugh. Link to comment Share on other sites More sharing options...
Larry Posted February 4, 2019 Share Posted February 4, 2019 25 minutes ago, Llevron said: Obviously its not gonna happen. But getting that fox news base to actually agree with HER on THAT?? Booyyyy when her time does come they are gonna be so scared of this woman. They don't know that they're agreeing with her yet. Fox will explain it to them. Link to comment Share on other sites More sharing options...
PleaseBlitz Posted February 4, 2019 Share Posted February 4, 2019 8 minutes ago, NoCalMike said: Yes I like how Fox keeps wanting to run with "The Democrats running so far left on issues like......taxes (to name one)" yet the GOP also agrees with higher tax rates over a certain level of income. Whoever wins the (D) primary needs to get their messaging on stuff like this, also bring up the fact that Trump had previously said his wealthy class of buddies would hate him for raising their taxes, then went and did the opposite. Then cite these polls to show it is Trump (and the GOP) that is not aligned with mainstream America on the tax issue. It doesn't seem like a hard issue to win on, but leave it to the Dems.........ugh. Seems easy. Use the word "fair" constantly, and assure everyone that increases in taxes will only affect the top 1% or a fraction of the top 1%. I would mention what that money can be used for instead of yachts with IMAX theaters (roads! schools! stuff!) I wouldn't get into polling if i were a candidate, but obviously, it helps that it's very popular. . People care less about what other people think, they just want to be told this will help them and only hurt other people (who happen to be rich). Link to comment Share on other sites More sharing options...
twa Posted February 4, 2019 Share Posted February 4, 2019 Problem is ya'll never stop at that, next thing ya know I'm rich Link to comment Share on other sites More sharing options...
PleaseBlitz Posted February 4, 2019 Share Posted February 4, 2019 41 minutes ago, twa said: Problem is ya'll never stop at that, next thing ya know I'm rich Sorry, I meant just since 1944, when they went from 90% and stayed there until the 1960's, then went to 70%. Right now, they are in the 30's. Link to comment Share on other sites More sharing options...
Llevron Posted February 4, 2019 Share Posted February 4, 2019 45 minutes ago, twa said: Problem is ya'll never stop at that, next thing ya know I'm rich We should tax your ass top, of course. But at a reasonable rate. But i feel you, this **** is easily abused if not watched closely. Something about a well armed militia Link to comment Share on other sites More sharing options...
The Evil Genius Posted February 4, 2019 Share Posted February 4, 2019 1 minute ago, Llevron said: We should tax your ass top, of course. But at a reasonable rate. But i feel you, this **** is easily abused if not watched closely. Something about a well armed militia All those poor armless bears though. Also if people understood how tax brackets worked, then I'd suspect the majority wouldn't have a problem with a lot higher brackets for those reporting $1mil plus incomes (or whatever the threshold is it at). Link to comment Share on other sites More sharing options...
NoCalMike Posted February 4, 2019 Share Posted February 4, 2019 52 minutes ago, twa said: Problem is ya'll never stop at that, next thing ya know I'm rich Not true. It didn't work that way last time the top marginal rate was very high. Keep repeating that though because it seems to help you remain scared. Link to comment Share on other sites More sharing options...
twa Posted February 4, 2019 Share Posted February 4, 2019 14 minutes ago, NoCalMike said: Not true. It didn't work that way last time the top marginal rate was very high. Keep repeating that though because it seems to help you remain scared. Didn't they start to collect more once they dropped it from 90? I'd prefer they went after the non-profit tax scams most truly rich use drive policy and direct funds. Link to comment Share on other sites More sharing options...
Momma There Goes That Man Posted February 4, 2019 Share Posted February 4, 2019 1 hour ago, twa said: Didn't they start to collect more once they dropped it from 90? I'd prefer they went after the non-profit tax scams most truly rich use drive policy and direct funds. Go after all of it. Income, NP tipoffs, estates, gains, wealth etc. Link to comment Share on other sites More sharing options...
FanboyOf91 Posted February 5, 2019 Share Posted February 5, 2019 Link to comment Share on other sites More sharing options...
Cooked Crack Posted February 5, 2019 Share Posted February 5, 2019 No one knows the struggle of Billionaires. You don't know pain until you wake up one morning and have to decide if you're going to drive the Lamborghini or the McClaren. Link to comment Share on other sites More sharing options...
88Comrade2000 Posted February 5, 2019 Author Share Posted February 5, 2019 ‘There Is Going to Be a War Within the Party. We Are Going to Lean Into It.’ Link to comment Share on other sites More sharing options...
nonniey Posted February 5, 2019 Share Posted February 5, 2019 6 hours ago, PleaseBlitz said: Sorry, I meant just since 1944, when they went from 90% and stayed there until the 1960's, then went to 70%. Right now, they are in the 30's. So the average highest marginal income tax through US history has only been 25.42%. So we're above that now. Link to comment Share on other sites More sharing options...
visionary Posted February 5, 2019 Share Posted February 5, 2019 Link to comment Share on other sites More sharing options...
PleaseBlitz Posted February 5, 2019 Share Posted February 5, 2019 11 hours ago, nonniey said: So the average highest marginal income tax through US history has only been 25.42%. So we're above that now. Your math seems very questionable on this one. Link to comment Share on other sites More sharing options...
Forehead Posted February 5, 2019 Share Posted February 5, 2019 11 hours ago, nonniey said: So the average highest marginal income tax through US history has only been 25.42%. So we're above that now. 19 minutes ago, PleaseBlitz said: Your math seems very questionable on this one. I really shouldn't have wasted my time doing this, but I just had to. Assuming a few potential data entry errors, I got an average of 57.69%. I think Nonniey forgot to carry a 1 somewhere. Link to comment Share on other sites More sharing options...
The Evil Genius Posted February 5, 2019 Share Posted February 5, 2019 Can someone explain average marginal tax rate? Isn't it one or the other (average or marginal)? Link to comment Share on other sites More sharing options...
PleaseBlitz Posted February 5, 2019 Share Posted February 5, 2019 1 minute ago, Forehead said: I really shouldn't have wasted my time doing this, but I just had to. Assuming a few potential data entry errors, I got an average of 57.69%. I think Nonniey forgot to carry a 1 somewhere. I think he may be getting clever and counting years before the first income tax was instituted in the 1860s (which was temporary) or before the ratification of the 16th Amendment in 1913, which actually allowed Congress to levy an income tax directly. Prior to that, the federal government was funded via tariffs and excise taxes on booze and sugar and other staples. 1 minute ago, The Evil Genius said: Can someone explain average marginal tax rate? Isn't it one or the other (average or marginal)? Average marginal tax rate = sum of actual annual top marginal tax rates / number of years. Link to comment Share on other sites More sharing options...
The Evil Genius Posted February 5, 2019 Share Posted February 5, 2019 So with only 11 out of 106 years being less than what he claimed as the average for that period (and a good block of it being 2-3x higher)...yeah about that 25.42% 🤣 Link to comment Share on other sites More sharing options...
PleaseBlitz Posted February 5, 2019 Share Posted February 5, 2019 Link to comment Share on other sites More sharing options...
redskinss Posted February 5, 2019 Share Posted February 5, 2019 I'd love for someone to educate me on those high tax rates myself because I don't understand them. When the tax rate was 94 percent what exactly did that mean? I find it impossible to believe that if you made a million dollars in 1944 that you only got to keep 60 thousand of it. Link to comment Share on other sites More sharing options...
NoCalMike Posted February 5, 2019 Share Posted February 5, 2019 11 minutes ago, redskinss said: I find it impossible to believe that if you made a million dollars in 1944 that you only got to keep 60 thousand of it. I believe you are thinking of marginal rates. So that 94% tax would not apply to say the first 10 million you make. It would be anything over that. However I also believe a bi-product of the high marginal tax rate was that CEO's re-invested the money in their companies, their workers, infrastructure etc etc to avoid the taxes. As the marginal tax rate continued to be slashed, it took away incentive to re-invest that money and instead made it more appealing to just keep it all, hoarding it and dispersing it to shareholders instead of workers. I am sure I way oversimplified it. I am no expert on the topic either. Link to comment Share on other sites More sharing options...
PleaseBlitz Posted February 5, 2019 Share Posted February 5, 2019 37 minutes ago, redskinss said: I'd love for someone to educate me on those high tax rates myself because I don't understand them. When the tax rate was 94 percent what exactly did that mean? I find it impossible to believe that if you made a million dollars in 1944 that you only got to keep 60 thousand of it. Marginal is the key word. You don't pay the 94% on all of your income. Tax brackets are tiered so that you pay a higher percentage on income over certain amounts. Link to comment Share on other sites More sharing options...
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