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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: Freedom56v2; Sgt_Schultze

Oh and I get the $174,000 being Congressional salaries, but many people in high cost-of-living areas are making that much and yet are very middle class and would not appreciate even joking about this...

We need to cut spending, not increase taxes. Why does no one even consider cutting spending?!?!?


61 posted on 01/06/2019 9:48:57 PM PST by Freedom56v2 (#KATE'SWALL Build it Now)
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To: Dilbert San Diego
The top 10% of wage earners pay something like 85% of all personal Income tax. Is that not a fair share?

More like a raw deal and they don't even get so much as a "thank you" for funding the government.

62 posted on 01/06/2019 9:59:46 PM PST by plain talk
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To: Freedom56v2; Windflier

Everybody here prefers cutting spending to raising the size and cost of government. But it’s useful to make imbecile freshperson congresspeople become accountable to their own advocacy. I’d wager most Americans would agree that 174,000 is a level which could be described as high earnings. Little cherubs like Antifa-Cortez should have to be made to argue that she is too poor to pay her fair share. Of course I believe excessive taxes are immoral.


63 posted on 01/06/2019 10:12:15 PM PST by Sgt_Schultze (When your business model depends on slave labor, you're always going to need more slaves.)
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To: ifinnegan
There are memes about 90% tax rate in the 50’s all over social media.

On paper, yeah, there was once an excessively high maximum tax rate, but.....because of exemptions and deductions and tax shelters, nobody paid it.

Anyone who thinks Joe Kennedy gave away 90% of his income is nuts.

In fact, the alternative minimum tax was devised during the mid-1960s precisely because there were a lot of very wealthy people who escaped paying any income taxes at all.....even when the maximum tax rate was 90%.

64 posted on 01/06/2019 10:37:28 PM PST by franksolich (Scourge of the primitives)
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To: AnotherUnixGeek
And when you bankrupt the most productive individuals in society, whose enterprises create jobs for the rest of society, then what moron? You want to take most of the money away from the job-creators and redistribute it, without any qualifications, to the least productive individuals, leaving little capital to create jobs for the top producers.

Sounds like complete idiocy to me. Do us all a favor, move to Venezuela and take your idiot girlfriend with ya.

65 posted on 01/06/2019 11:16:33 PM PST by EinNYC
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To: gibsonguy

They are trying to take away Latino vote, but they know what’s up. It’s pandering and they know the path to continued success is with President Trump’s American First plan. I’d just say look at their platform time and time again and look at just two years of Trump.


66 posted on 01/07/2019 12:22:00 AM PST by OKITRUMP77
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To: ifinnegan

In Macroeconomics, many years ago, I was told that no one ever really paid that much, because there were plenty of loophole sin the tax laws.


67 posted on 01/07/2019 12:32:56 AM PST by Henry Cavendish
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To: E. Pluribus Unum

I don’t think that Pumpkin Spice knows shes going to get arkancided if she keeps this up toward 2020. For her safety she should go back to dancing.


68 posted on 01/07/2019 12:47:24 AM PST by gnarledmaw (Hive minded liberals worship leaders, sovereign conservatives elect servants.)
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To: E. Pluribus Unum

Castro also floated “that we get more serious about making sure the corporations pay their fair share,” so the country can fund policy programs like “Medicare-for-All,” as well as universal pre-kindergarten and higher education.

-—Translation:
Castro also floated “that we get more serious about making sure the corporations which we control pay their fair share”, so the country can fund policy programs like “Poverty-for-All”, as well as universal pre-kindergarten indoctrination and higher SJW education including re-education camps for adults who are not sent to labor camps.”


69 posted on 01/07/2019 3:02:45 AM PST by PIF (They came for me and mine ... now it is your turn ...)
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To: E. Pluribus Unum
A journalist might ask either one of these two is they plan to pay their taxes according to the pre Trump tax cut code or will they be paying at the new lower rates?
70 posted on 01/07/2019 3:18:52 AM PST by fungoking (Tis a pleasure to live in the 0zarks)
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To: Sarah Barracuda
Start with Bernie Sanders, he has FOUR houses..he doens’t “need” four houses..sell three of them, sell his Porsche. Meanwhile, Id love to see the commie leftist celebrities have to give up 90 percent of their wealth, even though we all know they would be exempt..but Id laugh my ass off watching Alyssa Milano, Cher, Barbara Streisand, Kathy Griffin, Jim Carrey, and all the rest of them having to fork over the cash

Exactly. Taxing new income won't scratch the surface. They will have to reach into seizure of wealth to make sure everyone pays their "fair share".

71 posted on 01/07/2019 3:32:45 AM PST by Religion and Politics (It is time for more than one denomination of "Political Correctness".)
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To: EinNYC
And when you bankrupt the most productive individuals in society, whose enterprises create jobs for the rest of society, then what moron?

That is an easy question to answer from their perspective. The answer is you will have a "fair society".

72 posted on 01/07/2019 3:37:17 AM PST by Religion and Politics (It is time for more than one denomination of "Political Correctness".)
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To: Windflier

If you want examples of why a national sales tax is a bad idea, just look at the VAT tax in Canada, UK, and most of Europe.


73 posted on 01/07/2019 6:03:15 AM PST by econjack
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To: E. Pluribus Unum

This article reminds me of the story of a rich entrepreneur in the 50s, back when the tax rates actually WERE 90 percent. It was told to me by a close relative. The entrepreneur had become wealthy making automobile repair equipment. One day he decided he was going to start up a new airline. At first others thought he might be expanding his empire into what was at the time a fledging new industry. However, the competition was great, and his airline never made any profits. When asked what made him decide to enter such a competitive industry, his reply, “I had to give away all my income to the government, anyway. At least with an airline, I could interview and hire stewardesses.”


74 posted on 01/07/2019 6:21:53 AM PST by norwaypinesavage (Calm down and enjoy the ride, great things are happening for our country)
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To: econjack
If you want examples of why a national sales tax is a bad idea, just look at the VAT tax in Canada, UK, and most of Europe.

The VAT tax is a bad idea because where it's been implemented, there is also a national income tax. Those taxpayers are being double dinged.

The Fair Tax (national sales tax) that has been proposed for the US, replaces the current income tax.

Huge difference.

75 posted on 01/07/2019 9:39:58 AM PST by Windflier (Pitchforks and torches ripen on the vine. Left too long, they become black rifles.)
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To: Windflier

and a sales tax is NOT a VAT tax ... 2 different things ...


76 posted on 01/07/2019 9:44:13 AM PST by bankwalker (Immigration without assimilation is an invasion.)
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To: Religion and Politics
And when you bankrupt the most productive individuals in society, whose enterprises create jobs for the rest of society, then what moron?

That is an easy question to answer from their perspective. The answer is you will have a "fair society".

As Bob Dylan said, "Everybody must get stoned." Or, in this case, "Everybody must be poor." Just goes to show how SICK the dummocraps are. They are denying nature to carry on with their stupid agenda of total equality. In any group, whether it's growing baby chicks or humans, you will have those who grow faster (in the case of the chicks) and those who are more successful in surmounting life problems and being more successful, earning more, having a more attractive spouse, etc. (humans). That's just the way it is. The dummocraps are trying to deny this. If they stepped back and kept their greasy hands at their sides, even among groups of poor people, some superior individuals would emerge over a generation or two, and just blow that absolute equality thing all to heck.

77 posted on 01/07/2019 10:46:41 AM PST by EinNYC
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To: Windflier

The Fair Tax is fine, EXCEPT for one part: the Prebate. The Prebate is a “negative tax” (i.e., a welfare payment) that Congress gets to set. I don’t want politicians in the tax determination at ANY stage. If you do, you’re going end up with the same mess you have now. Can the Fair Tax and go with a Flat Tax of 17%. If you truly have a flat tax, you wouldn’t even need to file a tax return since all revenue sources would withhold 17%.


78 posted on 01/07/2019 12:45:15 PM PST by econjack
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To: Windflier
The Fair Tax (national sales tax) that has been proposed for the US, replaces the current income tax.

That's exactly what they said in Canada, and guess what...

79 posted on 01/07/2019 4:10:10 PM PST by econjack
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To: econjack
"The Fair Tax (national sales tax) that has been proposed for the US, replaces the current income tax."

That's exactly what they said in Canada, and guess what...

I'm not familiar with Canada's tax law history, but I take that to mean that their parliament passed a national sales tax that was layered on top of an existing income tax.

That's a sin.

The Fair Tax proposal for the US has always included the provision that such legislation would simultaneously abolish the income tax.

80 posted on 01/07/2019 5:20:18 PM PST by Windflier (Pitchforks and torches ripen on the vine. Left too long, they become black rifles.)
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