This is a good thing

She makes the same face as Bernie does in this pic.

When George Harrison wrote "Taxman" in 1966, the line "one for you, nineteen for me" wasn't a joke; the Beatles were literally taxed 95% under Wilson's Labour government.

And where was Britain 10 or 20 years later? In a fucking ditch.

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70% of what? total wealth?
70% more on what rich already pay?
70% more on earnings what are already paid?
or just straight sell 70% of your factory wee need your money now?
why they never explain?

If I can’t be rich no one else deserves to be rich. Everyone should be on an even playing field you cracker. It’s time for progressives to do their job. Blumpf can rot in hell

You dont know how taxes work. Everyone pays the same for the same bracket you idiot. If a rich pays more percentual is just cause a part of his income is in a higher bracket. You think going to mcdonalds or a nice restaurant should cost the same? No. Shame shit with tax brackets

I'm still reeling from this idiot being elected. Imagine thinking pollution is our biggest pressing issue.

These people ought to be tied down with their eyes held open and forced to watch basic economic educational films until they understand how fucked their ideology is.

the top 1% pays roughly 5-10% of the overall tax income in a country. If you were to double their taxes, you should see an increase of tax income for the state at around 10%.
If she limits is to "the super wealthy" (top 0.01%) i recon that she at best would get 1-2% more in the government coffins through taxation. - which is still a lot of money.

Obviously, there is a big risk that the elevated taxation on the super-wealthy will cause some of them to leave the country, in which case you could actually have a net decrease in tax income, if sufficiently many of them move to another country.. Peter Schiff has talked a lot about it, i think he lives in Puerto Rico, and then he live around 6 month a year in the US.

They're basically overgrown children

Do people not know how taxes work in this thread?
Their are brackets, everyone gets taxed the same amount and if u make more then the bracket, then the surplus gets taxed higher.

That’s his point. There shouldn’t be progressive tax brackets where higher income is taxed at a higher rate. The rich will still pay a nominally higher amount with a flat tax rate, say 15%, when it is applied to their higher income. Progressive tax brackets punish the middle class more than wealthy, as most of the super wealthy only pay capital gains on investments

Imagine being such a small minded brainlet you dont realize that the wealthy people pay most of the taxes via payroll, property, and capital gains.

>Imagine being this naive

I made six figures as a single white male last year and my effective tax rate is below 20%, accomplished through legal means. If the government forces me to pay 50% the way they do in shitholes like France, I have multiple options for taking my income generation off the books.

This is all going to collapse. Accounting for future obligations, most Western governments are broke Right Now. We are essentially running up the credit card debt trying to sustain the unsustainable. Then you have retards like this bitch who think the answer is to make it even worse.

Buy gold, buy crypto, buy real estate, learn a skill you can sell for cash in person .

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Federal tax brackets don’t make sense anyways as they aren’t adjusted for regional cost of living. $100k/year in Arkansas and you are living like a king, in Silicon Valley you qualify for low income housing (not kidding, look it up).

I hope you get hit by a bus.

fuck wymen

above 10% it's theft.
mongolia has the most based tay system, 10% income tax 10% capital gains tax 10% corporate tax 10% vat. every tax is 10% basically. and that's pretty tolerable and simple.

>percentual
Pretty sure this isn't a word and the entire point of his post is that there shouldn't even be tax brackets. Fucking brainlets.

Payroll tax, medicare, medicaid, state taxes aren't paid by employers, they're withheld from employees and paid to the government based on their tax schedule. The employer pays no amount of your taxes.

I have a wife and kid. Our household income is about 110k before tax.

I promise you we are not rich. We both drive used cars and live in a 200k home.

After mortgage, food, insurance, car expenses, baby expenses, we each have about 6k to 8k left at the end of the year which goes towards a retirement plan.

100k is the new normal if you have a kid or kids.

We literally can't have another child or we would have to live on the street. I'll prob get a vasectomy soon.

No larp.

What if we stopped giving handouts to Israel and Africa?

you think that's a significant amount? foreign aid is usually minuscule amount compared to the upkeep of bureaucracy.

>poor shit
>wants rich people to be taxed

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funny how poor people jump at any chance to dick suck "rich" people. Because are so poor they think their middle class income is rich. $100k is not rich. that is literally average in 2018 post trumpflation, rich is having 1,000,000,000 dollars. and you quality is life doesn't change much if you have 1,000,000,000 or 100,000,000. Billionaires should pay at least much tax as the middle class making $100k, and actually much more. 90% tax rates make sense for billionaires. Average people making $100k should be taxed in the 20-40% ballpark. that is logical.

>dirt poor neets defending billionaires because they think one day they will become rich too

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>we each have about 6k to 8k left at the end of the year which goes towards a retirement plan.
Only the rich can afford to save that much for retirement! Pay your fair share!

YES YES YES YES
i love socialists
they will make us all rich

Jesus, don't give internet advice on shit you don't know. Not only does your employer withold the 7.65% from your check for social security and Medicare, employers have to pay an additional 7.65% on top of that into the system. So in reality your payroll taxes are 15.3%, but politicians know you are all dumb niggers that can't math or logic, so this stupid system continues to rape your wallet weekly.

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They want a literal wealth redistribution scheme.

how people arent seeing the storm coming and not dumping their weekly paychecks into gold/silver and crypto is beyond me.
just like venezuelans, the people who arent preparing now deserve to be go hungry.
ill feast like a fucking king when these socialist take over and destroy the economy

You'll be imprisoned for suspicion of cryptocoins possession and you will die there. No socialist is good, they're all are scumbags just like commies.

>the rich leave the country
>"we have to stop the rich from leaving!!!"
>people have really suggested this
so i guess you get human rights unless you're rich

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> She doesn't know what the Laffer Curve is
> She majored in economics from BU

Either understand basic economics or don't ever comment or participate in politics.

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Taxes are actually good for the economy. What the libertarian fascists don't want you to hear that in the 50s when our economy was booming we actually had marginal tax rates as high as 90%. As that corporate tax rate has gone down, so has our economy.

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These hack politicians don't care about being right, they care about how many people rally around them. That's kind of how you succeed as a career politician

The 90% tax rate in the 50s was applied on an inflation adjusted income of $4m. The top 1% paid a lower overall tax rate compared to today.

>the employer pays no part of employees taxes

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God I want to fuck her so badly.

I would sexually degrade her in so many ways.

there are still rich people fucking bitches like roman kings in venezuela as long as we dont go khmer rouge year zero we will be okay and quite frankly theres too many guns for that.

That is just flat out not true. The fact is that higher taxes are better for the economy and you cant stand that facts have a left wing bias.

yeah cuz they hid their money retard. look at france. HIGH tax rate yet the rich just goto monaco and fuck off to the french socialists.
alot of these champagne socialists screaming for 70% tax rate are going to be hiding their money in various assets.

case in point
Dominique Strausskahn Net Worth is $10 Million. Dominique Strauss-Kahn is a French economist, lawyer, politician, and member of the *******French Socialist Party*******, he has a net worth of ---->$10 million.

Please scroll trough Latinas getting throated at any given site. I know her from there lmao

What's it like being a fucking brainlet

>higher taxes are better for the economy
This is not a general rule and for the most part, is actually false. There is an optimal level of tax depending in many factors in a particular economy. This optimal level is not always "high" or even above 20% for the vast majority of economies on the planet.

95% is better. coward

Brainlet. Have a (you) for effort

the 1950s aren't anything like today.

>pay more taxes
>government pisses it away baby sitting single mothers and refugees, paying out multi billion dollar crony contacts, and starting wars for the benefit of Israel and Saudi Arabia

the 50s also had way less regulation

>billionaire jews pay less taxes
>they now have more money to subvert your country and push for refugees and starting wars for the benefit of Israel

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You can raise the tax rate to 99% on billionaire kikes. You think they're going to pay their fair share?

It begins now

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This btw

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You forgot the billions in farmers subsidies so they produce millions of tons of corn that are left to rot

>we shouldn't make billionaire jews pay more taxes because they wont pay it anyway

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This is why democracy is a false god

You are right it is different. We had high taxes and a booming economy. Now we have low taxes on the rich and our economy is tanking. Not hard to figure out what we should do.

based and REDpilled

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No, I'm saying it would be more logical to just eliminate them.

But as it stands USA is a ZOG shithole and more taxes are just going to feed the beast making manufactured wars in the mid east to send refugees into Yurope and subsidizing sub 80 IQ mongoloids to breed like vermin.

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more taxes = more wars = more social justic crap = more migrants = more taxes repeat

while this is happening
the economy will goto shit but stocks may still go high.
this is bullish for crypto. I suspect crypto will really shine in 5 to 10 years
which debt levels of america are too onerous and the demographics are too shit to do anything about

>if gov gets more powerful the jews win
>if corporations get more powerful the jews win again
>resistance is futile dumb goy

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and zcash

because its not a valid policy. Its political marketing to keep the spotlight on herself since shes completely irrelevant policy wise and one rep among 500

>>if gov gets more powerful the jews win
>>if corporations get more powerful the jews win again

Implying there's a difference in Weimerica

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>foreign aid is usually minuscule amount compared to the upkeep of bureaucracy.
True. And yet, that bureaucracy is largely in place to prop up ethnostates like Israel.

Funny that.

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If you unironically are worried about income taxes then you are doing it wrong.

A high marginal tax rate will entice high income earners to take on more risky investments just to lower their tax basis, as a silicon valley wage slaving code monkey, desperately looking for angel investors to fund my retarded start up idea so that I can escape this hell hole, I need all the help I can get. This guy agrees with me:

youtube.com/watch?v=Rksd80-FCAw

Stop spreading lies.

>increase tax rates
>boomers put money into crypto to avoid taxation and get gains
>Everything moons
Sounds good.

100k+ per adult, not total.

...what the fuck

>doing after tax contributions at that income level
Yikes

This. If Jow Forums wasnt stupid, everyone would all go all in on crypto and then meme Madame president into office in 2020 on the promise of her increasing taxes to over 50%.
It'd lock in a crypto bullrun post inaguration and probably make everyone million and billionaires overnight.

the top 1% pay about 35% of the total in the US which is more than the bottom 90% combined...

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If you are a one percenter and you pay anything near that you are a fucking retard. Even Romney pays just 14%

they paid 35% of all federal income tax revenue, not 35% of their income, brainlet.
try reading the words.

Anything below 70% top marginal tax rate is an act of theft against the middle class.

>Source: (((IRS)))

My bad I assumed you were attempting to make a relevant point. Turns out you were just obfuscating the issue.

This is worse than I thought. Take in 90% of all new income but pay 35% of taxes. What a joke

Only sensible post ITT

or you're an actual retard and didn't read what I replied to you dumb nigger.
its right there in the chart kek, they made 19% of the total income and paid 35% of the total income tax revenue.

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I want to fuck her so bad dudes

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>ywn take her on a date and show her the value of crypto
It hurts

No one is trying to tax your shitty wage at 50%, they're talking about taxing people who make over 10 million dollars a year 50-70%.

This is literally any liberal girl at a college in a city? Did you go to school dumbfuck?

>tax 50-70 percent at 10 million
... so what happens when youre on the edge of 10 million and you've earned that money by trading assets and thus dont actually have 10 million in the bank? Should you just be forced to liquidate everything immediately at market price and lose even more money trying to find a way to pay the tax man?

I wouldn't mind socialism if it was for a white ethno state

Capital gains aren't income.

Too bad there are so few white people in the world. Anglos need to breed more.

>This is literally any liberal girl at a college in a city? Did you go to school dumbfuck?

Yes because i live in the USA, you presumptuous retarded faggot. And also, i don't date white women i date black cunt exclusively