Because, Sandy, the super wealthy purposefully do NOT have incomes.
Squirrels are so stupid!
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 doesn’t 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 that’s what radical means, call me a radical,” she said.
(Excerpt) Read more at mediaite.com ...
Just love these uneducated nimrods
“Many people under 40k dont’ pay anything, so perhaps I could support raising their taxes. “
Most families under $50k pay squat.
Singles under $35k pay the equivalent of nothing.
The vast majority of income taxes are paid by those between $75k and $200k. At least 90%.
She is a typical democrat. On her first day, she suggests taxing people at 70%, Wow!
I’d suggest 200%. Make them pay for their past crimes!
Good thing I wasn’t drinking when I saw that.
Serious LOL
No one paid rates that high. She doesn’t understand that back then there were a lot of things that could be written off and most of those are gone.
This woman is so clueless it’s unreal.
agreed, so that’s why I find it odd that the media doesn’t question her on her intentions to make people earning under 40k, the “poor”, to start paying taxes. Maybe the media will whisper that in her ear after the cameras are off and help her get her story right.
There you go! Now I expect De Niro, Striesand and the rest of the Hollywood libs to obey and willingly hand over big $$. Very few there are worth less than 10 million. Hundreds more likely. She should set up an office to take in the voluntary payments.
Nonsense talking Sandy.
Because, Sandy, the super wealthy purposefully do NOT have incomes.
Squirrels are so stupid!
It has been tried for example in England. See https://en.m.wikipedia.org/wiki/History_of_taxation_in_the_United_Kingdom Led to a lot of business, brain, and wealth fleeing. They are arguably still have not fully recovered even decades later.
How about a 95% tax rate on Congresscritters? It’s for the collective, uh.. I mean the chillrun’, yeah saving the planet ‘n stuff.
Of course, for those of us who fondly remember the 1950’s as the halcyon days of American conservatism and exceptionalism, the 1954 tax rate for those making $200K was 91%. In today’s inflated world, that would be $1.8M.
Super-rich Pelosi and Feinstein (among many other Democrats) may not like that idea.
Pre-FDR era, state sovereignty-respecting Supreme Court justices had clarified that Congress is prohibited from appropriating taxes for anything that it cannot reasonably justify under its constitutional Article I, Section 8-limited powers.
"Congress is not empowered to tax for those purposes which are within the exclusive province of the States."—Justice John Marshall, Gibbons v. Ogden, 1824.
And to make stopping unconstitutional federal taxes permanent, patriots also need to support PDJT in leading the states to repeal the 16th and ill-conceived 17th Amendments.
Also regarding the fed’s Section 8-limited powers, patriots need to get institutionally indoctrinated Rep. Acasio-Cortez up to speed with the reality that the states have never expressly constitutionally delegated to the feds the specific power to police the environment.
”From the accepted doctrine that the United States is a government of delegated powers, it follows that those not expressly granted, or reasonably to be implied from such as are conferred, are reserved to the states, or to the people. To forestall any suggestion to the contrary, the Tenth Amendment was adopted. The same proposition, otherwise stated, is that powers not granted are prohibited [emphasis added].” —United States v. Butler, 1936.
It wouldn’t be surprising if Ocasio-Cortez is clueless that she is trying to unconstitutionally expand the already unconstitutionally big federal government’s powers.
“Try it in NY first.”
She’ll make sure her limousine liberal pals are exempt, but everyone else pays.
The wealthy will just stop making money and live off their assets. Why take risks for so little return ? These leftist have no real world experience.
Don’t forget the Social Security tax and the Medicare tax. That will push you to near 90%.
I’m pretty far from the tippie tops. What do I have to do to get to the tippie tops?
Way to go, Ocrazio; show those people exactly what they voted for! Ha ha ha!
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