jc456
Diamond Member
- Dec 18, 2013
- 139,260
- 29,162
What I find hilarious is those who don't live with socialism pushing it, and those who've been in it want out of it. Too fking funny. Definitely the most hilarious scenario in the world. Only in a leftists mind.If the point is to keep feeding the sheep lies, then yes it does get the point across. But it's patently incorrect.
No one with a salary of $174k will ever remotely come close to reaching a 70% tax rate.
And a 70% tax rate wouldn't even be applied to the entire income(as it implies in this meme), only the portion above $10 million.
This meme is a flat out lie that intentionally deceives people and intends to scare people by lying to them.
Again, if we hope to ever make progress as a nation we should at least base our knowledge on facts and not lies.
Ok, so let's keep things simple, current top tax rate is 37%, to get to the proposed 70% they would need to double the rate (close enough). The lowest rate is 10%, lets double that also. So if for some reason your income is $9700 (top dollar for the 10% rate), excluding any deductions you would be paying about $970, but because of the increase in taxes (20%) you'd then be paying $1940. How's that sound to you?
Who is proposing doubling the bottom rate? This plan is only talking about adding a new bracket above the current top bracket that would only impact income over $10 million. All other brackets would remain as is.
Like I pointed out in an earlier post, there are only about 2000 people in the US that have earned $10 million or above. And for some reason you feel taxing these folks more, even if it were 100%, would cover any plan(s) being proposed?![]()
Hey, if Salma says socialism is good, I'm in.