Posted on 01/04/2019 8:53:52 AM PST by Sub-Driver
Alexandria Ocasio-Cortez Suggests Super Wealthy be Taxed Up to 70% to Fund Green New Deal
by Colby Hall | Jan 4th, 2019, 8:13 am
Rep. Alexandria Ocasio-Cortez sat with Anderson Cooper for an upcoming 60 Minutes interview set to air this Sunday, a portion of which has been released as a promotion. In the released segment, Ocasio-Cortez reveals how exactly she suggests paying for the environmental agenda known as the Green New Deal with remarkably higher tax rates for the super wealthy.
Ocasio-Cortez suggests in the clip that in her esteem, people should be doing more to pay their fair share. When Cooper pressed on how she could possibly pay for the deal, she pointed to the progressive tax rate system in the 1960s, explaining that if you earn 0 to $75,000 a year, you would only pay 10% or 15% in income tax.
She continued:
But once you get to the tippie tops, on your $10 millionth, sometimes you see tax rates as high as 60% or 70%. That doesnt mean all $10 million are taxed at an extremely high rate. But it means that as you climb up this ladder, you should be contributing more.
Cooper replied that she was proposing a radical agenda.
If thats what radical means, call me a radical, she said.
(Excerpt) Read more at mediaite.com ...
Here’s 1 for you, 19 for me
Because I’m the Tax Man
It went through her head, but there was nothing there to stop it....
I’m surprised she didn’t ask for a wealth tax. That’s the pot of gold.
Maybe she gets her ideas by reading offal. This type is likely bull offal
Oh, wait. I probably shouldn't have called Ocasio-Cortez "honey". That's very disrespectful.
The poor pay a disproportionate amount of tax through excise taxes, but thats not the point.
point is...this clown cant see that she is raising costs on the poor and middle class and making everyone equally miserable.
Tippie tops
Nancy Pelosi uses the word tinkle.
Why do you have a dead cat? I'd throw mine away if I had one.
LOL! This will be an interesting year.
Stupid. I’ve said this before, but 51% now don’t pay any Federal income tax while the top 10% already foot 72% of total tax receipts. Go to a flat tax of 17% that EVERYONE pays, no deductions. If you did, you wouldn’t have a deficit problem. As to you 51% freeloaders, to me, you shouldn’t even be voting in Federal elections. After all, no skin in the game, why should you?
Oh, I guess they “just pay for it” then? Heads up folks. With the way the fidiots vote these days, she may be fixed in place for 30+ years or more. Hard to derail that gravy train.
Why not 85% or 90%?The article makes clear that a New York resident has to pay high state and local taxes, so the bottom-line tax rate for a NYC wealthy person would be at 87%. Glad AOC isn't representing me.
Eventually you run out of other people’s money.
CUSIP: 59259YRD3
METROPOLITAN TRANSN AUTH NY
5.000% due 11-15-30 YTC= 2.550 APX 108.933
Call [11-15-22 @ 100.000]
YTM= 4.043 TEY= 3.923
Only if they are Democrats.
It’s buried in the backyard, but I still have it...
Super-wealthy, excluding congresscreaps.
AOCrazy sure has big balls.
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