Liberal utopia. 61% tax rate

[DudleySmith]

Raising marginal rates won't do squat; losing all the money laundering gimmicks and special loopholes for overseas and foreign investestments, i.e. labor racketeering windfalls and tax avoidance scams will. You could even lower the top rate from what is in real life, between 0.0% to maybe 1.0%, to as high as 2% while lowering the rates on the middle classes and working poor's earnings from 30% or so to 15%. Stock market gambling, which is 90% of the 'economy' now, can have it's winnings taxed at 50% and still have plenty of addicts and dumbasses to tax every year, they will never give up the dream of massive unearned windfalls. A sales tax on stocks and other fake 'equities' is also a great way to generate revenue, including those latest new scams and swindles, 'SCABBIES' or something I can't remember at the moment, the ones where morons buy stocks in companies that claim to buy stocks in 'real companies' later on n stuff, they just don't when or how much yet; it's all rather vague and stupid, like 'crypto-currencies'.

 

[Toddsterpatriot]

A sales tax on stocks and other fake 'equities' is also a great way to generate revenue,

Exactly!!!

It works every time it's tried......right?

 

[DudleySmith]

Exactly!!!

It works every time it's tried......right?

Where did it fail? They're no longer actual 'equities' any more, they're gambling chits; gambling winnngs have always been taxed in one form or another. Nevada lives off of gambling taxes.

 

[Toddsterpatriot]

Where did it fail? They're no longer actual 'equities' any more, they're gambling chits; gambling winnngs have always been taxed in one form or another. Nevada lives off of gambling taxes.

Where did it fail?

Sweden.

Where did it succeed?

They're no longer actual 'equities' any more, they're gambling chits

You should definitely avoid them in that case.

 

[LeftofLeft]

You are the one that brought up payroll tax, not me. You are the one claiming dems raised payroll taxes, not me. Now of course you backtrack after you discover Reagan raised payroll taxes.

But I agree, incomes for the average joe have remained stagnant since the mid 1970's. Maybe we can find some common ground there.

The Middle Class takes home less net pay when Democrats raise taxes on the wealthy regardless of what Democrats do with payroll tax rates. Lesson: Don’t fuck with the Middle Class take home pay.

 

[Crepitus]

Yet somehow these tax hikes for the rich always “trickle down” to the Middle Class. Trickle Down works!

Hasn't happened yet.

Keep hope alive though!

 

[DudleySmith]

Where did it fail?

Sweden.

Where did it succeed?

They're no longer actual 'equities' any more, they're gambling chits

You should definitely avoid them in that case.

lol it failed in Sweden? lol gee, that means everything, then.

 

[LeftofLeft]

Hasn't happened yet.

Keep hope alive though!

If the Middle Class sees less take home pay because of a hike on the rich, it’s happening.

 

[TNHarley]

Leftists love using the barrel of a gun (govt) to enforce their will on the masses. Its authoritarian, selfish and just plain pathetic. Pathetic because of how insecure, useless and entitled they are.

 

[Toddsterpatriot]

lol it failed in Sweden? lol gee, that means everything, then.

That's at least one more failure than you have successes.

 

[alang1216]

Trump's tax records are NONE OF YOUR FUCKING BUSINESS!!!!

Than why did he promise to release them?