Hey moonbat, there were something like five or six recessions after WWII because of high rates, even though few paid them.supraTruth » 13 Jul 2020, 4:02 pm » wrote: ↑
For the umpteenth time, I want the richest person to pay PROGRESSIVE MARGINAL GRADUATED TAXATION just like we working middle-class have all my life. That means each bracket until the top bracket is reached. For 20 years, as we became the most powerful nation on this earth ever, that top rate was 89-94%.
@Twitter @BeckyQuick @CNBCTermin8tor » 13 Jul 2020, 7:05 pm » wrote: ↑ there were something like five or six recessions after WWII because of high rates, even though few paid them.
High rates stifle economic growth.
Causing Supply Side Democrat JFK to demand a tax rate cut just like Ronald Reagan got.
viewtopic.php?p=1393384#p1393384supraTruth » 13 Jul 2020, 4:02 pm » wrote: ↑
https://www.bloomberg.com/graphics/2016 ... arachutes/
For the umpteenth time, I want the richest person to pay PROGRESSIVE MARGINAL GRADUATED TAXATION just like we working middle-class have all my life. That means each bracket until the top bracket is reached. For 20 years, as we became the most powerful nation on this earth ever, that top rate was 89-94%. So I believe a top bracket rate of 49% would be fair & doable. The IRS can tell US what the top income is, & that should be the top bracket rate for the next year.
https://content.invisioncic.com/r244832 ... 7aaae4.jpg
As our tax code as existed for the last 39 years, inflation & the RNC have ensured that the tax burden has been shoved onto the backs of the working middle-class, the barely rich & our national debt. So, also important, is that all lower rate brackets need to be shifted up to adjust for inflation.
https://content.invisioncic.com/r244832 ... 112c8d.png
Becky, people need to understand how progressive graduated marginal taxation actually works. Can you explain it to your viewers? I am not asking for any1 to pay 49% of their total income.
1st there are legitimate deductions, such as other taxes & mortgage interest that encourage home ownership, because children should ideally be raised in single family houses with yards rather than apartments. And I can see the legitimacy of deductions for capital investments & even a small percentage for capital gains that encourage business investments, & charity. All of these deductions are what make taxes complicated, but these days, TurboTax can sort through them for the "common" man. But then, after deductions, there is each bracket rate that is paid before paying the next bracket rate. This is what the cheating RNC mouth-offs @FoxBusiness never tell people, because that would undermine their partisan attacks on Democrats.
Only a moron of a working man would want the elitely paid to skate even more on graduated marginal taxation of disposable discretionary income.
And Grover was being typically evasive about his hypocritical taking of Government PPP for his partisan foundation at the expense of hard working tax payers, as his ZOOM costs could certainly not be higher than his office space & travel expenses.
Unfair taxation is such a hallmark for the RNC that they run on it every year.
https://content.invisioncic.com/r244832 ... 2fbc0c.jpg
https://content.invisioncic.com/r244832 ... aa3479.jpg
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