[Gay State Conservative]

They say that Mr Krispy Kreme is worth about $50 million.I have no doubt that he'd be fine with the Treasury seizing all but $500,000 of his net worth and all but $75,000 of his net yearly income (every year).He'd understand that it would be for “peace”...the “environment”...and “transgendereds” and that he'd still be among the very richest individuals on earth.

[snoringbear]

“They say that Mr Krispy Kreme is worth about $50 million.I have no doubt that he'd be fine with the Treasury seizing all but $500,000 of his net worth and all but $75,000 of his net yearly income (every year).He'd understand that it would be for “peace”...the “environment”...and “transgendereds” and that he'd still be among the very richest individuals on earth.” During WWII the top tax rate was increased to 90%. Eisenhower dropped it to 70%. Kennedy dropped it even further, 50% I think. Reagan dropped it to 36% which is about where it has remained since. However, during the past almost eighty years of fluctuations to the top tax rate the Net Effective Tax Rate for the top bracket has remained constant at 19%. What does this mean? It means that the Uber Weakthy are smarter than the rest of us or they employ people who are smarter than us so to avoid paying such ridiculously high rates. Smoke and mirrors, that’s all. Makes the liberal kool-aide drinkers feel good 😂....