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Julian Castro cites 90 percent tax on rich in defending Alexandria Ocasio-Cortez on tax hikes
Washington Examiner ^
| January 06, 2019 06:56 PM
| Naomi Lim
Posted on 01/06/2019 7:10:03 PM PST by E. Pluribus Unum
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To: E. Pluribus Unum
A fair share would be everyone paying the same rate.
The flat tax.
41
posted on
01/06/2019 8:22:15 PM PST
by
metmom
( ...fixing our eyes on Jesus, the Author and Perfecter of our faith......)
To: E. Pluribus Unum
Cortez and Castro explain why the majority of Hispanic countries are ****holes that their populations have to become refugees and seek asylum in the U.S. to get away from.
To: CommieCutter
Exactly. No one ever paid 90%.
There were loopholes, write offs, and all kinds of ways around those absurd tax rates. There was also income averaging and tax breaks galore.
43
posted on
01/06/2019 8:30:31 PM PST
by
july4thfreedomfoundation
(President Trump is right! The media IS the enemy of the people!)
To: raygunfan; Gamecock; Larry Lucido; KC_Lion; FredZarguna; PROCON
[Our very own Castro?]
Well, there was Dennis Castro. At least that’s what Cosmo Kramer told me.
44
posted on
01/06/2019 8:34:25 PM PST
by
SaveFerris
(Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
To: E. Pluribus Unum
Julian Castro.
That apple didn't fall very far from Fidel's tree.
45
posted on
01/06/2019 8:34:51 PM PST
by
Gritty
(Illegals voting and Democrat voter fraud are not problems to liberals.They are solutions.-KSchlicter)
To: SaveFerris
DIM lunatics ...pure lunatics.
46
posted on
01/06/2019 8:35:16 PM PST
by
hal ogen
(First Amendment or Reeducation Camp?)
To: E. Pluribus Unum
Why not tax them at 990%? That would be even better!!!
O.K., now time to dance!!!
47
posted on
01/06/2019 8:35:43 PM PST
by
SaveFerris
(Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
To: Signalman
“Not defending it...but this is the marginal tax rate, not a tax on every dollar someone earns. For example, it might be 90% over anything over 1M dollars earned or whatever the govt. decides the figure would be.”
Yes, but these liberals think it means the top earners paid 90% of their income.
48
posted on
01/06/2019 8:41:01 PM PST
by
ifinnegan
(Democrats kill babies and harvest their organs to sell)
To: E. Pluribus Unum
Let me tell you how it will be
There’s one for you nineteen for me
To: econjack
how about a flat 17% income tax, no deductions for anyone Criminals and the permanent gimme class (same thing) would still pay nothing in taxes.
The only way to ensure that truly everyone has skin in the game, is to replace the income tax with a national sales tax.
50
posted on
01/06/2019 9:00:49 PM PST
by
Windflier
(Pitchforks and torches ripen on the vine. Left too long, they become black rifles.)
To: Lurkinanloomin
His mother is a rabid La Raza supporter, maybe even a founder.
To: Sgt_Schultze
What you did there. I see it.
52
posted on
01/06/2019 9:04:43 PM PST
by
Windflier
(Pitchforks and torches ripen on the vine. Left too long, they become black rifles.)
To: Sarah Barracuda
To: E. Pluribus Unum
Ten million today is the same amount of real money that one million was fifty years ago or so. Start taxing that ten millionth dollar and it'll soon be the same as the one hundred thousandth is today.
54
posted on
01/06/2019 9:14:39 PM PST
by
Rashputin
(Jesus Christ doesn't evacuate His troops, He leads them to victory !!)
To: Aria
They are just ignoring the jobs and business investments since the tax cuts. Act like it never happened.
To: Signalman
Not defending it...but this is the marginal tax rate, not a tax on every dollar someone earns. For example, it might be 90% over anything over 1M dollars earned or whatever the govt. decides the figure would be.
The problem is that many wealth and job creators would see most of their income subjected to this tax level. Many of the people making over this threshold do so because they generate wealth - where is the financial incentive for such people to take financial risks and engage in ventures to create gainful employment for others if they know that if they succeed, most of their personal income will be confiscated at a 90% level?
To: econjack
Boston University not Boston College
57
posted on
01/06/2019 9:24:00 PM PST
by
Kozy
(new age haruspex; "Everyone has a plan 'till they get punched in the mouth.")
To: Signalman
I’m pretty sure everyone knows that, except for someone that never had any income to pay taxes on.
To: Sgt_Schultze
The 90% rate should kick in for any income above $174,000
“Should kick in...”
Really?
And why is that?
How did you come by the magic number of $174,000?
59
posted on
01/06/2019 9:42:11 PM PST
by
Freedom56v2
(#KATE'SWALL Build it Now)
To: AnotherUnixGeek
Fidel Castroism is alive and well in Texas and New Mexico.
Time to mark the American Castro brothers for who they really are, Marxists without the beards.
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