According To Bernie Sanders, All Small Business Owners Are Multi-Millionaires And Need To Pay 95% !!

[whitehall]

Socialism never sounds right when you translate the Marxist rhetoric to real life.

 

[Papageorgio]

Sanders's tax rates:

Cap regular income tax rates at 28 percent of taxable income.

Add 9 percent on income between $200,000 ($250,000 for couples) and $500,000.

Add 15 percent on income between $500,000 and $2 million

Add 20 percent on income between $2 million and $10 million

Add 24 percent on income above $10 million

I maybe reading this long but under $200,000 is 28%.

$200,000 - $500,000 is 37%.

$500,000 - $2,000,000 is 52%

$2,000,000 - $10,000,000 is 72%

Over $10,000,000 is 96%.

Is that correct?

 

[g5000]

Sanders's tax rates:

Cap regular income tax rates at 28 percent of taxable income.

Add 9 percent on income between $200,000 ($250,000 for couples) and $500,000.

Add 15 percent on income between $500,000 and $2 million

Add 20 percent on income between $2 million and $10 million

Add 24 percent on income above $10 million

I maybe reading this long but under $200,000 is 28%.

$200,000 - $500,000 is 37%.

$500,000 - $2,000,000 is 52%

$2,000,000 - $10,000,000 is 72%

Over $10,000,000 is 96%.

Is that correct?

No. Incorrect. Each figure is added to 28 percent, not the previous bracket.

Under $200K is 28%.

$200,000 - $500,000 is 37%.

$500,000 - $2,000,000 is 43%

$2,000,000 - $10,000,000 is 48%.

Above $10 million is 52%.

 

[g5000]

It was easier for Reagan. He was lowering from 70 percent. Not raising from 39 percent.

It's a lot easier to go down from 70 to 50 than up from 39 to 52.

 

[g5000]

I don't take any tax plan seriously unless its starting position is the elimination of most, if not all, tax expenditures.

Ted Cruz, Rand Paul, and Marco Rubio all started from that position. Cruz and Paul most of all.

But Cruz tells a lot of lies about his tax plan, so I don't trust him. Rand Paul is out of the race. Rubio focuses mostly on business tax expenditures.

All the other tax plans are bullshit. Total bullshit. Smoke and mirrors concealing reeking bullshit.

 

[Papageorgio]

Sanders's tax rates:

Cap regular income tax rates at 28 percent of taxable income.

Add 9 percent on income between $200,000 ($250,000 for couples) and $500,000.

Add 15 percent on income between $500,000 and $2 million

Add 20 percent on income between $2 million and $10 million

Add 24 percent on income above $10 million

I maybe reading this long but under $200,000 is 28%.

$200,000 - $500,000 is 37%.

$500,000 - $2,000,000 is 52%

$2,000,000 - $10,000,000 is 72%

Over $10,000,000 is 96%.

Is that correct?

No. Incorrect. Each figure is added to 28 percent, not the previous bracket.

Under $200K is 28%.

$200,000 - $500,000 is 37%.

$500,000 - $2,000,000 is 43%

$2,000,000 - $10,000,000 is 48%.

Above $10 million is 52%.

Just figured it out after I posted. Each bracket is that % plus the 28%. That makes sense now. Thanks.

 

[SuperDemocrat]

Bernie is what the democratic party really wants. They can't get into the door because the democratic party is more conservative than they would like to admit sometimes.

 

[the_human_being]

 

[Papageorgio]

I don't take any tax plan seriously unless its starting position is the elimination of most, if not all, tax expenditures.

Ted Cruz, Rand Paul, and Marco Rubio all started from that position. Cruz and Paul most of all.

But Cruz tells a lot of lies about his tax plan, so I don't trust him. Rand Paul is out of the race. Rubio focuses mostly on business tax expenditures.

All the other tax plans are bullshit. Total bullshit. Smoke and mirrors concealing reeking bullshit.

Trump's plan is foggy at best. I don't trust Clinton at all. Cruz moves around too much and I don't trust him. I never really looked at Sanders plan because he wants to increase taxes and spending. Rubio's plan to simplify the code and get rid of lots of deductions will work well with the lower rates.

 

[Toddsterpatriot]

It was easier for Reagan. He was lowering from 70 percent. Not raising from 39 percent.

It's a lot easier to go down from 70 to 50 than up from 39 to 52.

It's a lot easier to go down from 70 to 50

He went from 70% to 28%.

 

[Rexx Taylor]

It was easier for Reagan. He was lowering from 70 percent. Not raising from 39 percent.

It's a lot easier to go down from 70 to 50 than up from 39 to 52.

It's a lot easier to go down from 70 to 50

He went from 70% to 28%.

and now that we owe 19 trillion,,,may as well bring all rates to 0 !!!

 

[Toddsterpatriot]

It was easier for Reagan. He was lowering from 70 percent. Not raising from 39 percent.

It's a lot easier to go down from 70 to 50 than up from 39 to 52.

It's a lot easier to go down from 70 to 50

He went from 70% to 28%.

and now that we owe 19 trillion,,,may as well bring all rates to 0 !!!

The top rate went from 28% to 39.6% and we still have a Federal debt? Impossible!!!

 

[Rexx Taylor]

It was easier for Reagan. He was lowering from 70 percent. Not raising from 39 percent.

It's a lot easier to go down from 70 to 50 than up from 39 to 52.

It's a lot easier to go down from 70 to 50

He went from 70% to 28%.

and now that we owe 19 trillion,,,may as well bring all rates to 0 !!!

The top rate went from 28% to 39.6% and we still have a Federal debt? Impossible!!!

you would think that any democrat with a brain would drop the rate to about 15% to keep us from owing more trillions,,,,but noooo! there jobs are more important and the hell with the middle class.