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supraTruth

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Flat taxes, like tariffs, sales, gas, tolls, payroll & fake "progressive" income taxes that have top brackets no higher than $600k, while many Americans are paid many millions of $penalize working middle-class Americans much more than the elitely paid.
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 has 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

 #BlueWave2020💙♥️💜🥁🥁🥁🥁🥁🥁🔊🎉
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Last edited by supraTruth on 12 Oct 2020, 7:14 pm, edited 4 times in total.

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Termin8tor

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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%. 
Hey moonbat, 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.

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supraTruth

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Termin8tor » 13 Jul 2020, 7:05 pm » wrote: Hey moonbat, 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.
@Twitter @BeckyQuick @CNBC
Just another myth spread by the RNC.  It is high rates that throw US into recessions, but not tax rates.  It is high Federal interest rates that throw US into recessions.
Look for yourself at these 2 charts.  Every recession since 1955 (that's the earliest this Fed chart goes back) is preceded by jacked up Fed interest rates, & then ended when the Fed cuts them:  
https://en.m.wikipedia.org/wiki/List_of ... ted_States
https://www.macrotrends.net/2015/fed-fu ... ical-chart

Except this last 1, that was started by the 🍊🐷's FLAT TAX TARIFFS & BORDER & TRADE WARS that created more bankruptcies of our tourism & import & export businesses & retail stores & malls & farms than at any time since the Great Depression, & ended 128 months of  U.S. expansion in February, before the #TrumpSwampVirus shut down our economy even more.
 
 
 
Last edited by supraTruth on 10 Aug 2020, 12:09 pm, edited 1 time in total.

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supraTruth

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supraTruth » 13 Jul 2020, 4:02 pm » wrote: Flat taxes, like tariffs, sales, gas, tolls, payroll & fake "progressive" income taxes that have top brackets no higher than $600k, while many Americans are paid many millions of $penalize working middle-class Americans much more than the elitely paid.
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
viewtopic.php?p=1393384#p1393384
 






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supraTruth

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Disposable income represents the amount of money you have for spending and saving after you pay your income taxes. Discretionary income is the money that an individual or a family has to invest, save, or spend after taxes and necessities are paid.

Jan 2, 2021.

www.investopedia.com › answers  Disposable Income vs. Discretionary Income: What's the Difference?

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supraTruth

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Fox NEVER explains to viewers how progressive graduated marginal taxation works.  They just say Democrats want to raise taxes instead of telling the TRUTH that Democrats want to SHIFT the tax brackets & BURDEN BACK to the top & off the backs of the working middle-class.
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Even when our top tax brackets were 89-94% for 20 years, NO 1 paid that top rate without paying each of the lower brackets 1st like every1 else, & of course only after taking deductions 1st.  But Fox & rarely any1 on any corporate media channel ever explains that.

The Global Wealth Report says that the total number of millionaires in US is 18.6 million. The United States also added 675,000 new millionaires from 2018 to 2019 alone.Feb 5, 2021.
The number of U.S. billionaires grew more than nine fold between 1990 and March 2020 -- leaping from 66 to 614. The combined wealth of the top three billionaires grew more than 11 times over that same period -- jumping from $23.8 billion (adjusted for inflation) in 1990 to $279 billion today.

& yet our top tax bracket begins at only $600k for a married couple.  Why is that?  The RNC & Fox. 

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With so many millionaires & billionaires in the 🌎🌍🌏, why are ALL of the tax brackets at the bottom?

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supraTruth

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With so many millionaires & billionaires in the world, why are ALL of the top tax brackets at the bottom on the backs of the working middle-class & barely rich?  

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