Soros could set a good example by voluntarily paying 70%.
“the fact that people are not paying their fair share is a problem and the millionaires and billionaires are the ones where that has to rest.”
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No mention of the 50% of the people who don’t pay a penny.
Here’s your “debate” for you: NO
All the Rat voters, if they were true believers, could begin sending in that extra money today. No need to wait for Congress and the President to make a change. Rats believe they are not taxed enough - put up time.
She should pay 70% of her salary as an example of pure socialism.
Anyone that wants high tax rates like that should impose it on themselves and send it to Uncle Sam. Why wait? Just do it.
Go for it. Remind Americans why we shouldn’t vote for Democrats (they should change their name to Socialists)
In 1979 I was making $16.64 an hour working construction. My check was $364 take home and $344 federal taxes...Interest rates were 18% and higher.
Why not just make it 100%, and if you have the Left Politics, you get your Mealy Meal?
The GOP should respond by proposing a constitutional amendment that limits the Government to a single tax rate that get applied equally to all citizens.
Only 52 percent of Americans pay income taxes and this moron, Grijalva, says he wants to make sure everyone is carrying the load. Grijalva is carrying and pimping the biggest “load” of all and we’re supposed to believe the moron.
The only thing O’casio “sparks”, are face-palms.
I get concerned to hear liberals say, we need the wealthy for pay their fair share.
If someone is complying with our tax laws, aren’t they by definition, paying Their fsir share?
What about the facts, such as how the top 15% of income earners pay something like 75% of all income tax revenue?
What about the fact that we have a graduated income tax system, so that those at higher income levels are already paying higher marginal tax rates?
What do they people want? Confiscatory taxation?
I am not to sure she doesn’t make a point. We need to confiscate enough of the rich in America’s wealth to pay of the debt! Allow so much for each person in the family and take the rest from those who are multi millionaires.
As if anyone actually draws such salaries any more. Good luck morons.
Ok, that’s even of this bs. Communists, real communists, not ‘’democratic socialism’’, communism. Time for a 2nd. solution.
What no one talks about is that when the country has those high tax rates no one paid them. There were a great many tax deduction you could take and that reduced the tax bite a great deal.
Also that was the post war period when this country was rebuilding the rest of the world, we were a creditor nation and for about 25 years after the war we were the top dog with very little competition. All that has now changed.
Going back to those kind of high rates would probably destroy what is left of the country.
Would Congress be excluded?
Not good enough.
The marginal rates should be:
10,000,000+ = 190%.
5,000,000 - 10,000,000 = 175%.
1,000,000 - 5,000,000 = 130%.
500,000 - 1,000,000 = 120%.
200,000 - 500,000 = 115%.
100,000 - 200,000 = 112%.
70,000 - 100,000 = 110%.
50,000 - 70,000 = 108%.
25,000 - 50,000 = 107%.
10,000 - 20,000 = 106%.
Under 10,000 = 105%.
The young ones don’t know that few people will pay 70%.
They’ll find a workaround, like always.
I read some years back that H. Ross Perot at the time was making $360 million a year and paying 8% of it back in income taxes. The top rate at the time was 39.5%.
High tax rates don’t hurt the rich. They hurt the small business person who has that couple of big years near the end of his/her career, and employed people finally making a high salary has they approach retirement.
It’s called screwing the people who do things right and produce.