Democratic Primaries
Related: About this forumWhat should be the Democratic Party position on tax policy and wealth disparity?
What should be the maximum tax rate?
Should there be a minimum tax on income at a certain level?
At what rate should billionaires be taxed?
Should there be a tax on traders on Wall Street?
Should capital gains be taxed at a different rate than earned income of labor?
Should there be no federal taxes on income up to a certain level?
How different should Democrats be from Republicans on this issue?
primary today, I would vote for: Joe Biden
msongs
(67,194 posts)primary today, I would vote for: Joe Biden
whathehell
(28,969 posts)people in the World need to be taxed even more heavily.
primary today, I would vote for: Joe Biden
jalan48
(13,798 posts)billionaires will become less hysterical about tax rates that are much higher than today.
primary today, I would vote for: Undecided
Hoyt
(54,770 posts)Heck, back then, one could deduct a lot of stuff that cant be deducted today.
But, the rates just didnt affect many.
https://slate.com/business/2017/08/the-history-of-tax-rates-for-the-rich.html
In any event, I think the last several tax cuts should be reduced, capital gains tax increased, and a robust estate tax imposed.
primary today, I would vote for: Joe Biden
jalan48
(13,798 posts)not the tax rate. The article pointed out that though the tax rate (after deductions, etc.) is about 6% lower today the number of wealthy households is greater. A 6% drop becomes more significant because of this.
From the Slate article.
"Those fabled 90 percent tax rates only bit at incomes over $200,000, the equivalent of more than $2 million in todays dollars. As Greenberg notes, the tax may have only applied to 10,000 families."
From DQYDJ 11/15/19
"Our estimate is 7,647,278 American households have $2 million or more"
https://dqydj.com/how-many-millionaires-decamillionaires-america/
primary today, I would vote for: Undecided
rzemanfl
(29,540 posts)Federal Estate & Gift taxes adjusted for inflation.
primary today, I would vote for: Joe Biden
kentuck
(110,950 posts)How should they be taxed? Should they be added to "on-shore" accounts and taxed accordingly?
primary today, I would vote for: Joe Biden
whathehell
(28,969 posts)I'm betting those who have them passed.the."I wrote a.bestselling book late in life and now have two houses crowd" LIGHT years ago.
primary today, I would vote for: Joe Biden