You go Girl! Alexandria Ocasio-Cortez Plans Bill to Boost Top Individual Tax Rate to 59%

[hadit]

You can not tax your way to prosperity.

Actually yes we can.

America became a super power, very prosperous and very rich when the top tax rate was very high. From 1944 to 45 the top rate was 94%. After the second world war it was lowered to 91% until 1951. In 1952 it went back up to 92% until 1954 it went back down to 91%. That top rate continued until 1964 when it was decreased to 77%. The next year it was decreased to 70% until reagan became president in 1981.

In those years that we had very high taxes on high wages, unearned income and business, America became the most prosperous nation on the planet. We became a super power. Everyone had jobs. The jobs everyone had paid them a living wage with proper benefits.

That all ended with reagan. We went from the largest creditor nation in the world to the larges debtor nation in the world when reagan started all the deregulation and cutting taxes. Every republican since then has done the same thing. Slash taxes for the rich, deregulate everything for business then spend like there's no tomorrow to cause us to hit record heights in deficit and debt.

The exact opposite of what you post is true.

When you consider the other factors in play at the time, get back to us.

 

[OnePercenter]

Bloomberg ^ | November 15, 2019

No excerpt from Bloomberg allowed, story here. She wants a 59% top income tax rate and to tax unrealized capital gains yearly, including real estate and business holdings.

REMEMBER VOTE DEMONRAT SO YOU CAN GO BROKE AND HAVE TO GIVE YOUR HOUSE TO AN ILLEGAL INVADER, OR MUSLIM TERRORIST!

Wait.... LOL.... wait what? WHAT???

She wants to tax unrealized capital gains yearly?

Does everyone understand what that means? Your house... the house you own, is a capital gain that is unrealized. A capital gain, is the value of an asset increasing. Unrealized, means the value of your house went up, but you don't see it until the house is sold. When you sell it, the gain is realized.

Your home is an unrealized capital gain.

She wants to tax that??? So every year you own a house, you are going to get a Federal tax bill on the capital gain that you don't have yet........

What a winner of a plan. What a great lady. I've always hated being able to save money.

So does this also apply to my 401K I have in stocks, that I have an unrealized gain on? Can she lift off the 'burden' of being able to retire with savings?

I mean, if you are going to make me poor throughout my life, might as well make sure I retire poor as well......

Sure. I'm sure it's very common that working people have a IRA that's around or over a million bucks. To commies, you are rich. You don't need that money--government does. We all know what you will do with that money, and we all know what government will do with that money.

After baby bush crashed the economy in 2008, I doubt there are any.

People who didn't freak out and pull their money bounced back just fine. In fact we are doing better than ever.

People that didn't pull they're monies out in August, 2007 as I recommended right here on the internet lost 40% of their retirement. All told, $2.4 TRILLION, which they will NEVER make back. They can thank baby bush and Corporate America for that.

 

[rightwinger]

Fuk subsidizing corporate greed

Yeah, fuck those tens of thousands of New Yorkers that had good paying jobs waiting for them.....Wrongwinger always insane logic is a hallmark of the disturbed communist on this board!

No they didn’t

You think Amazon was going to only hire New Yorkers?
Fuk Amazon

They put two new distribution centers here. They still can't find enough local workers to fill positions.

Working in an Amazon distribution center is like slave labor

Really? So how many years did you work for Amazon?

I made a couple of deliveries there so far. Both times, it didn't seem like anybody was killing themselves to me.

I have read the horror stories from those who work there

The quota is so tight that they don’t even have time for bathroom breaks. They end up peeing in trash cans or bottles so they don’t fall behind

https://nypost.com/2018/04/16/amazo...o-avoid-wasting-time-undercover-investigator/

 

[Ray From Cleveland]

Nothing could make me happier. If all the liberals had to move to the other side of the country, my property value would triple overnight. Imagine never having to put up with liberal stupidity ever again.

Naturally we would have to raise the price we charge them for food.

It wouldn't matter if we did. All the jobs would be on our side of the fence because of our lower taxes and regulations. They wouldn't have much industry on their side, therefore no jobs to make money to buy our food.

 

[Ray From Cleveland]

Yeah, fuck those tens of thousands of New Yorkers that had good paying jobs waiting for them.....Wrongwinger always insane logic is a hallmark of the disturbed communist on this board!

No they didn’t

You think Amazon was going to only hire New Yorkers?
Fuk Amazon

They put two new distribution centers here. They still can't find enough local workers to fill positions.

Working in an Amazon distribution center is like slave labor

Really? So how many years did you work for Amazon?

I made a couple of deliveries there so far. Both times, it didn't seem like anybody was killing themselves to me.

I have read the horror stories from those who work there

The quota is so tight that they don’t even have time for bathroom breaks. They end up peeing in trash cans so they don’t fall behind

And I guess you believed it......huh? Given the fact their facilities are wide open spaces, how would they pul that off?

We have laws that disallow a company from stopping a worker from using the restroom. Better find more honest articles to read.

 

[rightwinger]

No they didn’t

You think Amazon was going to only hire New Yorkers?
Fuk Amazon

They put two new distribution centers here. They still can't find enough local workers to fill positions.

Working in an Amazon distribution center is like slave labor

Really? So how many years did you work for Amazon?

I made a couple of deliveries there so far. Both times, it didn't seem like anybody was killing themselves to me.

I have read the horror stories from those who work there

The quota is so tight that they don’t even have time for bathroom breaks. They end up peeing in trash cans so they don’t fall behind

And I guess you believed it......huh? Given the fact their facilities are wide open spaces, how would they pul that off?

We have laws that disallow a company from stopping a worker from using the restroom. Better find more honest articles to read.

https://nypost.com/2018/04/16/amazo...o-avoid-wasting-time-undercover-investigator/

Amazon Making People Pee In Bottles Isn't The First Time They've Mistreated Workers - Digg

 

[Ray From Cleveland]

Bloomberg ^ | November 15, 2019

No excerpt from Bloomberg allowed, story here. She wants a 59% top income tax rate and to tax unrealized capital gains yearly, including real estate and business holdings.

REMEMBER VOTE DEMONRAT SO YOU CAN GO BROKE AND HAVE TO GIVE YOUR HOUSE TO AN ILLEGAL INVADER, OR MUSLIM TERRORIST!

Wait.... LOL.... wait what? WHAT???

She wants to tax unrealized capital gains yearly?

Does everyone understand what that means? Your house... the house you own, is a capital gain that is unrealized. A capital gain, is the value of an asset increasing. Unrealized, means the value of your house went up, but you don't see it until the house is sold. When you sell it, the gain is realized.

Your home is an unrealized capital gain.

She wants to tax that??? So every year you own a house, you are going to get a Federal tax bill on the capital gain that you don't have yet........

What a winner of a plan. What a great lady. I've always hated being able to save money.

So does this also apply to my 401K I have in stocks, that I have an unrealized gain on? Can she lift off the 'burden' of being able to retire with savings?

I mean, if you are going to make me poor throughout my life, might as well make sure I retire poor as well......

Sure. I'm sure it's very common that working people have a IRA that's around or over a million bucks. To commies, you are rich. You don't need that money--government does. We all know what you will do with that money, and we all know what government will do with that money.

After baby bush crashed the economy in 2008, I doubt there are any.

People who didn't freak out and pull their money bounced back just fine. In fact we are doing better than ever.

People that didn't pull they're monies out in August, 2007 as I recommended right here on the internet lost 40% of their retirement. All told, $2.4 TRILLION, which they will NEVER make back. They can thank baby bush and Corporate America for that.

So how did I make mine back and more? The investment company that handles our IRA withheld putting our contributions until the market bottomed out. When it started to recover, they dumped all that money back in. We were getting three shares for the price of one. Without the recession, I wouldn't have nearly as much as I have in there now.

 

[Ray From Cleveland]

They put two new distribution centers here. They still can't find enough local workers to fill positions.

Working in an Amazon distribution center is like slave labor

Really? So how many years did you work for Amazon?

I made a couple of deliveries there so far. Both times, it didn't seem like anybody was killing themselves to me.

I have read the horror stories from those who work there

The quota is so tight that they don’t even have time for bathroom breaks. They end up peeing in trash cans so they don’t fall behind

And I guess you believed it......huh? Given the fact their facilities are wide open spaces, how would they pul that off?

We have laws that disallow a company from stopping a worker from using the restroom. Better find more honest articles to read.

https://nypost.com/2018/04/16/amazo...o-avoid-wasting-time-undercover-investigator/

Amazon Making People Pee In Bottles Isn't The First Time They've Mistreated Workers - Digg

Please......Digg.com???

As for the NYpost article, Amazon denied everything the reporter reported. I don't know much about UK laws, but in the US, there has to be so many bathrooms per people in the building. Furthermore, it's against the law to fire somebody for using the restroom facilities regardless how many times they use it. Besides the bathrooms on the ground floor, each break room has a separate bathroom as well.

 

[OnePercenter]

So if wealthy people losing their wealth helps NO ONE........ then why do you care? You know why? Greed, and Envy. That's the reason you care. It doesn't help anyone, for the Walton's to be poor.

You know this. You know it would help no one. The reason you care how much a wealthy person has, is because if you can't have it, then darn it no one should.

That's it. An entire ideology of greed and envy.

What a bunch of nonsense.
I want more Americans to be successful.

Business plan A with One Owner:
Company profits 10 Million a year.
Company has 50 employees, Owner takes 8 million, while paying the average worker $40,000 for that year.

Business plan B with One Owner:
Company profits 10 Million a year.
Company has 50 employees, Owner takes 6 million, while paying the average worker $80,000 for that year.

Business plan C with One Owner:
Company profits 10 Million a year.
Company has 50 employees, Owner takes 5 million, while paying the average worker $100,000 for that year.

I see Company C as a very successful Business, an Owner making Millions per year, and workers that are in the upper middle class.
I see Company A as a very successful Business, and Owner making Millions per year, and workers making millions for the owner while themselves making less than a median salary Nationwide.

Tell me you support business Plan C and can agree that Business Plan A's owner has a Greedy and Uncaring attitude for his/her workers.​

Then why don't you open up Company C and see how long you stay in business.

I own company C and I'm doing VERY well.

 

[DBA]

LOL, 59% and you progs think that's a "winning" campaign strategy?
You are "special".

You know it doesn’t effect trumpscum, right?

You are so misled regarding the Trump demographic. MSM pushes this narrative, but the reality is that, ultra-billionaires aside, the lower-upper class votes Republican and for Trump. The lower-lower class votes Democrat at an astoundingly high rate.

You can pretend that. But the only demographic Donald wins by large margins is uneducated white males


Keep telling yourself that isn’t true

educated people know he’s dangerous.

Wealthy, successful, educated people do not vote for Democrats where I live.

 

[DBA]

25 years ago we never would have seen Republicans supporting a Russian Dictatorship

So far, we still haven't. Outside of a few delusional Lefties.
You clowns sure are a comedy act.

However, we DID IN FACT see a Democrat President (Obama) supporting the overthrow of Egypts Democracy by the Muslim Brotherhood by empowering and supporting Morsi, a Muslim Dictator.

Who would have thought we would ever see a Republican President taking the side of a Russian Dictator over our own intelligence department, defending a North Korean Dictator for killing an American student, defending a Saudi Dictator for dismembering an American resident??.

I guess the same people that thought we'd never see a day where a President would ship pallets of cash to the world sponsor of terrorism, or give the terrorists five of their captured back in exchange for nothing.

Giving people their own money to dismantle their nuclear program is a bargain

LOL...you believe that. That's funny.

 

[Bleipriester]

Wherever they get taxed less, maybe to other countries out of the reach of greedy liberals. Just like the yacht tax decimated the American yacht industry because the rich simply bought foreign built yachts, the wealthy will not sit still and let you or anyone take their wealth.

Liberals never seem to realize that human nature always makes tax schemes generate less than they're projected to, because people protect what they've earned.

Where are the rich going to move their monies?

Anywhere. Doesn't matter where. Anywhere would be better, than being under the tax system that AOC just proposed. Canada, UK, Australia, Germany, Finland even. Anywhere.

A wealth tax, will make anywhere in the entire world, preferable to here. If I have $200 Million to spend on a vacation home.... that home in the US is going to be taxed, and elsewhere it will not. I'm not talking property tax, that everyone pays... but a tax on the unrealized capital gain. No where else does that, although France tried it and repealed it because it was a huge failure.

So anywhere else, is going to be preferable to here, under AOC's system.

The wealthy pay a higher tax in Canada, UK, Australia, Germany, Finland even. Anywhere.

The 59% tax rate minus established deductions would be an effective (actual) tax of the same percentage that you pay. Shouldn't the wealthy pay the same percentage as you?

They should pay what is enough to fund the state. In their own interest. The Romans didn´t become a world power by amassing debt, the ended being one because they were out of cash, by the way.

- increase taxes
- reduce spending

Sooner or later it will come, the sooner the softer it will be.

They should pay what is enough to fund the state.

How much is that?

Ask Trump who wanted to reduce debt but then shoveled your money to the big shots.

 

[OnePercenter]

Oh please. She won an election where barely anybody showed up to vote. She's an embarrassment to her district, and even in New York, I can't believe people would be stupid enough to voter her back in. If she does decide to run for reelection, I hope for her sake she practices mixing drinks again.

She is popular in her own district

So is Republican Steve King

Yes she kept Amazon out of her area costing millions of dollars to her districts economy....Even her SANER demonRAT contender is on her for that!...Shevis an economic moron, like you!

Fuk Amazon

Richest company in the world. Let them build their own headquarters

They already have one. New York lost out because of her idiocy.

Fuk subsidizing corporate greed

Walmart: We want to take the company private.
Feds: You have to pay back your subsidies.
Walmart: Never mind.

You cannot simultaneously retain your cake and eat it.

 

[francoHFW]

And you continue to ignore us paying for their defense. Naturally.

Possibly because it's not true. what about the seven million refugees they have had for years now while we took like 10,000 of them and we caused by which I mean the GOP caused the problem.

We pay for most of Europe’s defense. Just witness the whining and complaining when Trump wanted NATO countries to pay what they were obligated to pay.

bologna,
people were complaining because that was just right wing bulshit parotted by the orange clown, brainwashed functional moron.

it would help if the GOP would stop causing recessions and depressions by corruption. Oh you don't know about that.

Vote Republican. The country you save might be your own. Or, keep voting for useless democrats. They won't ever give you what you're complaining about, but hey, reasons!

The GOP is amazingly good at obstruction. It's not hard especially with these new scam GOP reconciliation and filibuster rules. They only need 51 votes to cut taxes on the rich and giant corporations and services for the non rich while Democrats need 60 votes for reform. Brilliant. And they have brainwashed zombies like you to vote for them. What a scam. I think the next Democrat will use the nuclear option 51 votes in the Senate to pass Health Care living wage daycare, taxes on the rich and giant corporations, cheap college and training and get the country going again. Not just the rich, super duper.

 

[BasicHumanUnit]

I have read the horror stories from those who work there
The quota is so tight that they don’t even have time for bathroom breaks. They end up peeing in trash cans or bottles so they don’t fall behind
https://nypost.com/2018/04/16/amazo...o-avoid-wasting-time-undercover-investigator/

perfect.....for SanFrancisco and all liberal shit holes.
Nobody would even notice

 

[BasicHumanUnit]

The GOP is amazingly good at obstruction. It's not hard especially with these new scam GOP reconciliation and filibuster rules. They only need 51 votes to cut taxes on the rich and giant corporations and services for the non rich while Democrats need 60 votes for reform. Brilliant. And they have brainwashed zombies like you to vote for them. What a scam. I think the next Democrat will use the nuclear option 51 votes in the Senate to pass Health Care living wage daycare, taxes on the rich and giant corporations, cheap college and training and get the country going again. Not just the rich, super duper.

I do hope you're a troll paid to post that crap.....
Because if you really believe the garbage you post, you may need psychiatric assistance......er....rehabilitation.

 

[BasicHumanUnit]

Wealthy, successful, educated people do not vote for Democrats where I live.

Neither do people with an ounce of common sense.

 

[OnePercenter]

Bloomberg ^ | November 15, 2019

No excerpt from Bloomberg allowed, story here. She wants a 59% top income tax rate and to tax unrealized capital gains yearly, including real estate and business holdings.

REMEMBER VOTE DEMONRAT SO YOU CAN GO BROKE AND HAVE TO GIVE YOUR HOUSE TO AN ILLEGAL INVADER, OR MUSLIM TERRORIST!

That bitch knows what she is doing
Long overdue

Also tax Capital Gains at the same rate as personal income

She knows what she's doing? You mean the same woman that didn't know what a garbage disposal was???

I'm a truck driver, and I know more than she does. I learned many years ago that the reason capital gains taxes are low is to encourage investments: investments in business, investments in the stock market, investments in real estate, investments period.

So how would one discourage investments? Do precisely what you and dingbat support. There goes our stock market with all our IRA money. There goes business expansion and hiring. There goes home purchases and other real estate investments. And of course, there goes our thriving economy.

The majority of those that have investments in which you wrote won't be effected.

You're a truck driver. Have you noticed that the holiday surge hasn't begun yet? Your industry is in a full-blown recession.

Last time I looked, there were hundreds of driving ads. You and the other commies are not going to talk us into a recession. It won't work this time. Everybody is busy, everybody is working more than their share of hours. Everybody is fine.

Yes, it will affect my investments because it's the rich people who move the market in my direction. When I retire, I want my IRA as high as possible.

Last time I looked there are always hundreds of driving adds which is not surprising for an industry that has a 70% turn-over rate.

How does one talk one into a recession? Have you looked at rate cons lately?

Because of Republicans, the chance of you fully retiring is very slim.

 

[OnePercenter]

Where are the rich going to move their monies?

Wherever they get taxed less, maybe to other countries out of the reach of greedy liberals. Just like the yacht tax decimated the American yacht industry because the rich simply bought foreign built yachts, the wealthy will not sit still and let you or anyone take their wealth.

Liberals never seem to realize that human nature always makes tax schemes generate less than they're projected to, because people protect what they've earned.

Where are the rich going to move their monies?

Anywhere. Doesn't matter where. Anywhere would be better, than being under the tax system that AOC just proposed. Canada, UK, Australia, Germany, Finland even. Anywhere.

A wealth tax, will make anywhere in the entire world, preferable to here. If I have $200 Million to spend on a vacation home.... that home in the US is going to be taxed, and elsewhere it will not. I'm not talking property tax, that everyone pays... but a tax on the unrealized capital gain. No where else does that, although France tried it and repealed it because it was a huge failure.

So anywhere else, is going to be preferable to here, under AOC's system.

The wealthy pay a higher tax in Canada, UK, Australia, Germany, Finland even. Anywhere.

The 59% tax rate minus established deductions would be an effective (actual) tax of the same percentage that you pay. Shouldn't the wealthy pay the same percentage as you?

Bug eyes is talking about taxing you on your assets and wealth every year. So if you hit the lottery for lets say 100 million, the government will take 70 million right of the top. Then every year, the Democrats will analyze what you have left in cash and assets, and tax you on that.

Shouldn't the wealthy pay the same percentage as you?

 

[OnePercenter]

Bloomberg ^ | November 15, 2019

No excerpt from Bloomberg allowed, story here. She wants a 59% top income tax rate and to tax unrealized capital gains yearly, including real estate and business holdings.

REMEMBER VOTE DEMONRAT SO YOU CAN GO BROKE AND HAVE TO GIVE YOUR HOUSE TO AN ILLEGAL INVADER, OR MUSLIM TERRORIST!

That bitch knows what she is doing
Long overdue

Also tax Capital Gains at the same rate as personal income

you are going to create the largest underground economy in human history. And it will also entail massive stealing of supplies before they get to the stores even. When people are outpriced, they find other ways. Especially if the product is defective in the first place.

State and multi-state lotteries contribute towards schools and various other entities that are in need of funding. So let's say a multi-state lottery is 100 million bucks one time cash value. Now if you hit, the federal government is going to take around 60 million dollars of that. Then you have your state and local taxes to mess with. So out of that 100 million, you end up with about 30 million in cash.

Now if you invest or save that money, the federal government is going to keep taking their share annually. Even if it's in assets, you better have the cash to support those assets at tax time.

Eventually they will tax you out of wealth and perhaps leave you with enough so you don't have to find a job. Are you going to continue to play those lottery games at a 120 million to one odds?

The bigger chunk if not most State lottery money goes to the general funds.

It doesn't matter where it goes, it's gone. Government will take almost all your winnings.

Do the math. You take a lump sum of $1M. GO!