Posted on 07/26/2017 5:10:06 PM PDT by sunrise_sunset
Top White House adviser Steve Bannon is pushing for tax reform to include a new 44 percent top marginal tax rate, hitting people who earn more than $5 million a year, with the revenue paying for tax cuts for the rest, according to three people who’ve spoken to him recently.
This guy needs to go.
Aside from media people, and who better to tax the living stuffing out of, who earn wages and a few others who either have huge 1099, K-1 or W-2 income the very rich are not generally affected by this kind of theatric if they have half a brain they take their investment income as long term gains or qualified dividends.
So I guess Bannon wants to reverse that as well and make it all regular income? Talk about putting the hammer on investments. That’ll do it for sure.
Bannon needs to go.
I take all the risk...they just take my money.....
“Most of the billionaires , from my observation, are “progressives”.”
At least the loud mouthed ones.
So yeah, hit leftist billionaires with a 35% to 45% wealth tax with no exemptions.
Define INCOME...doe's anyone think that the rich got there by being stupid?
Of course not...an army of CPA's and Shysters are available to take care of your business.
What if we put a clause in the Tax System, where by successful businesses are required and obligated after 5 Years to reinvest at least 50% of their profits, in the United States when expanding their operations.
Foreign or Domestic
Exactly, but don’t try to make that argument to the ideologues...
The reality is sadly the wealth distribution has gotten worse not better in my lifetime... If so much of the wealth is concentrated on as small percentage of the population the only way you can ever fund anything but a minimalist government is through progressive taxation
That’s just the reality of the math... Love to have a minimalist government but we are anywhere near that anytime soon
Your a fool
Most my jobs and including the last job I had was from a rich man who incorperated his small family. business.
Most corporations in America are smalnfamiky owned businesses
As if it makes one single little stinking bit of difference what any of us thinks about what “our” gubment should do about taxes:
Taxes should be vastly simplified. A straight flat tax rate over some set limit of a family or individual base and then per capita income. This should get rid of all the whining about the poor. For all other investments that are “at risk” make it a flat tax of something world wide competitive above some fixed limit. This should allow a reasonable investment income for retirees before being taxed to death until they die.
Make all the brackets change with the CPI.
Success should never be punished and the tax code should never be used to pass out favors to friends and punish enemies.
Banish all adjustments for anything except accumulating losses against investment gains.
What the heck do I know and what difference does it make?
I’m not advocating that it should happen, I’m getting behind the idea because it would screw with the democrat voting base of locusts, cockroaches and the extremely wealthy. I think it would be hysterical watching the Bernie bots chew on their gods, and then have Fauxcahontas’ and the rest of the extremists money dry up.
If income is money you get paid for doing your job, Mr. Trump would be owing $.44 taxes on his presidential income.
How would you hit leftists without also hitting conservative billionaires like the Koch Brothers and Sheldon Adelson?
Let’s find out if it’s true before we start asking for Bannon to resign.
Idiocy or Fake News
On the one hand, I am laughing my butt off...
https://twitter.com/DebraMessing/status/890311977737826304
On the other hand, this never works. Reagan proved to the contrary.
STOP BELIEVING EVERYTHING YOU READ!!!!!
IF this is true then Brannon is an idiot and should be fired
Rich individuals often own businesses. Just because you worked for large corporations doesn’t mean everyone does
So nice to see your commie side come out
The economics have plenty of ways to handle this Progressive taxation ain’t the only way. Ask Hong Kong
“How would you hit leftists without also hitting conservative billionaires like the Koch Brothers and Sheldon Adelson?”
Please, realize there is some hyperbole in my suggestion. I don’t think it is legal to tax people for their political affiliations though that never bothers the left.
That said:
Voter registration. If they are registered democrats then tax them. Tax only democrats.
Political donations. If they donate to candidates that support raising taxes then tax them. They supported the issue let them follow through.
Public statements in the last 2 years. If they’ve publicly supported tax increases then tax them. Let them put their money where their mouth is.
This isn’t about taxes it is about punishment for supporting socialism.
How about this? I’ll be in the White House with Bannon on Aug. 5. I’ll ask him directly.
Those corporations were successful because of talented, skilled and rich senior executives. Without them you wouldn't have a job.
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