Tax the Rich Bastards at 90% for a Fucking Decade !

[RagAss]

And don't fucking back down from that offer !

[Donnachaidh]

1. kicked and frigging recced 10000000! n/t

[Ruby the Liberal]

2. Er, too Republican

Oh wait...

[FormerDittoHead]

3. Include interest, dividends and capital gains over $3,000,000 - DEAL! n/t

[LonePirate]

7. I want them taxed at all income levels not just above $3M.

[judgegblue]

4. Just return the tax rates to what they were under that good repub Nixon

[bbinacan]

26. A lot more loopholes

so their rate was never as high as the brackets.

[Keefer]

27. "Their" n/t

[bbinacan]

30. corrected n/t

[KansDem]

5. We can make their increased tax rates temporary...

...just like the Bush tax cuts were... :evilgrin:

[slackmaster]

6. Some of the wealthiest members of Congress happen to hold key positions on committees

It's not going to happen.

http://www.rollcall.com/features/Guide-to-Congress_2010/guide/-49892-1.html

[RagAss]

8. Who have basically summed up this country in 2011 !

[Curmudgeoness]

9. That isn't the attitude that we need...let us have a dream

of a solution. Just because someone thinks something is not going to happen doesn't mean it cannot happen. I bet there were a bucketful of people who said slavery would never end.

[Cool Logic]

10. Right on, brother...! Fight the power...!

Tax the Rich Bastards at 90% for a Fucking Decade !

- What about the rich who were born to parents who are legally married to one another?

- Two of the more amorous decades occurred in the 20s and the 60s...thus, it would appear that you missed the opportunity.

[judgegblue]

11. Why aren't more people demanding tax equity?

[WillyT]

12. + 1,000,000,000... What You Said !!! - HUGE K & R !!!

We did it before!!!



:bounce:

:hi:

:kick:

[Sparkly]

13. But then they wouldn't create jobs, and would pass the cost on to the consumer, and --

oh wait...

[drpepper67]

14. If you knew you would lose 90% of your income to taxes

What would your income be?

Mine would be $0.

[Zebedeo]

15. Mine, too. But

don't forget state taxes. That would bring the total marginal tax rate up to 101% for a resident of California. So for every dollar earned, $1.01 would be owed in federal and state taxes.

[Luminous Animal]

19. We really need to teach how a progressive tax rate system works in our schools.

A top 90% tax rate does not mean that all income starting at the 1st dollar earned is taxed at 90%.

[Luminous Animal]

18. No one would lose 90% of their income. Let's look at the current tax rate system.

The 1st $4896 of income is taxed at 10% = $489.60

The next bracket is $4897 - $16,896. The 1st $4896 is taxed at 10% and the next earnings up to $12,000 is taxed at 15%. Thus if your taxable income is $16,896 the actual tax rate would be 13.6%

The next bracket is $16,897 - $39,552. The 1st $4896 is taxed at 10%, the next $12,000 is taxed at 15% and the remaining $22,656 is taxed at 25%. Thus if your taxable income is $39,552, the actual tax rate would be %20.1

The next bracket is $39,553 - $81,456. The 1st $4896 is taxed at 10%, the next $12,000 is taxed at 15% and the next $22,656 is taxed at 25% and the remaining $41,904 is taxed at 28%. Thus, if your taxable income is $81,456 the actual tax rate woudl be 24.17%

The U.S. has only two more brackets. 33% for those earning between $81,457 - $175,956 (Using the formula above, actual tax rate would be 28.91%)

And 35% for every single other person making above $175,957.

Clearly we need to expand the brackets (and I think eliminate all taxes for those below the poverty rate).

[WillyT]

20. + 1,000,000,000... What You Said !!! - Thank You !!!

:yourock:

:hi:

[Starry Messenger]

22. Thank you!

[Luminous Animal]

24. You are both welcome!

[laundry_queen]

38. Thank you for explaining it to those who don't get it

I cannot believe there are still people out there freaking out about "I don't wanna lose 90% of my income" Um, duh. You won't. First, to hit the 90% you'd have to be pretty well off. Second, you aren't taxed at 90% of all your income, just the stuff that's over the amount for the top bracket. So you aren't taxed 90% on your $175,956, just on anything over that. I personally think it should be raised to $250,000 and then taxed at 90%. If you cannot live extremely comfortably on $250,000 you have serious issues. I also agree with eliminating taxes for anyone below the poverty line.

[Odin2005]

29. You obviously don't understand how income taxes work.

90% means that 90% over a certain income is taxed. In the 40s only one American paid that highest rate.

[Name removed]

40. Deleted message

Message removed by moderator. Click here to review the message board rules.

[RagAss]

31. But we didn't make muti-million dollar salaries by enslaving employees for 20 years !!!!!

[_ed_]

33. You're suggesting that Warren Buffett and Bill Gates

would just quit their jobs and do nothing with their lives if taxes were at 90%? Why didn't rich people do what you suggest in the 1950s when the top rate was 90%?

[raouldukelives]

16. Alive and Kicking nt

[JBoy]

17. Be sure to give the legislation a GOP-style name

Like the "Wealthy Patriots Act".

[LiberalArkie]

21. They were at one time

[Waiting For Everyman]

23. Been saying this for a long time, and still agree.

We need to make super-high incomes pointless. Then that will stop. (If the overpaid know that it will be taxed away anyway above a given amount, they will stop putting it in their compensation packages, because they won't receive it, the IRS will.) It affects much more than deficits. Maybe kids could afford to go to a baseball game again - on their allowances. Or a movie. Maybe slave-wage labor in a third-world country wouldn't be necessary for a company to make a good profit.

It's Good. Public. Policy.

[Name removed]

25. Deleted message

Message removed by moderator. Click here to review the message board rules.

[Sherman A1]

28. K&R Well Said

[badtoworse]

32. Keep dreaming

[Johonny]

34. I agree, I'm passed going back to Clinton tax rates

We have a pointless war to pay off and thus we need to go back to a war time tax rate, not a tax rate from peace time. Also raise the inheritance tax.

[fascisthunter]

35. the Rich Bastards have been milking this country dry and not giving back a thing

they are parasites to a nation. They have received tax cuts since the fucking 1950's and they still want more tax cuts. These fuckers are lying to Americans about tax cuts creating better economies for all Americans.

[OhioChick]

36. K&R n/t

[Change Happens]

37. What level income? what is rich?

[GSLevel9]

39. you DO understand...

If someone is taxed at 90% for every dollar over let's say $500,000 in income... they will disperse/hide/invest/hole away or just plain stop working to not pay the tax right?

[lpbk2713]

41. It would be worth it just to see them cry.

The pissing and moaning would be invigorating.


:rofl: