Alexandria Ocasio Cortez - "Not All Dems Are The Same"

[HiphopRelated]

Sorry, but she get the fukk out with that "70 percent tax over 10 million".

70 PERCENT???????

You gonna be making 10+ mil a year soon breh?

 

[Secure Da Bag]

You gonna be making 10+ mil a year soon breh?

8C8F?

 

[CreepyMcCreeperson]

what the fukk is wrong with a 70% tax on income over 10 million?? Should be higher to be honest. No money earned over that amount is made honestly. Imagine stanning for the 1% of the 1%

dont let your head explode but it was 90 percent in our biggest economic boom

You gonna be making 10+ mil a year soon breh?

I'm just saying that's high. They have to pay 70% of income over 10 mil, in addition to what they pay on the first 10 mil????

 

[Secure Da Bag]

I'm just saying that's high. They have to pay 70% of income over 10 mil, in addition to what they pay on the first 10 mil????

Woe is them?

What did they pay on the 1st 10M?

 

[King Kreole]

I'm just saying that's high. They have to pay 70% of income over 10 mil, in addition to what they pay on the first 10 mil????

Honestly, I'd like to hear a good reason why they shouldn't be taxed 100% for their income over 10M. No one needs to make more than 10M a year, especially when it comes at the expense of the rest of us.

 

[AnonymityX1000]

I'm just saying that's high. They have to pay 70% of income over 10 mil, in addition to what they pay on the first 10 mil????

Yeah, they pay probably an aggregate of around 50%. So let's say they make 11 million, they will only have $5.5 million to spend. Terrible. lol

 

[Secure Da Bag]

Who's making 10M of straight income though? Movie stars? Platinum-artists?

 

[Secure Da Bag]

Honestly, I'd like to hear a good reason why they shouldn't be taxed 100% for their income over 10M. No one needs to make more than 10M a year, especially when it comes at the expense of the rest of us.

A good reason?

But if they earned that money then they earned that money. I personally don't think the gov't is entitled to all of it. Even at 10M.

 

[King Kreole]

Who's making 10M of straight income though? Movie stars? Platinum-artists?

This is a good point, and why raising this top marginal rate must only be step one of tax reform. You have to close the loopholes, first and foremost, then go after the corporate tax rates and capital gains.

 

[wtfyomom]

A good reason?

But if they earned that money then they earned that money. I personally don't think the gov't is entitled to all of it. Even at 10M.

see it depends what earned means. most of the people that have all this wealth are either inherited money or theyre unscrupulous people. theres a reason they used to be called robber barrons, now theyre "entrepreneurs "

 

[King Kreole]

A good reason?

But if they earned that money then they earned that money. I personally don't think the gov't is entitled to all of it. Even at 10M.

They didn't "earn" that money though, they acquired it through a pretty nefarious and exploitative system of commerce. In a system where people can work full time and only make $15K, there is no amount of work one can do to "earn" $10M. That money is being siphoned off from the labour of others. The government, in its duty to ensure the wellbeing of the citizenry, has every right to confiscate those gains and redistribute them in a fair and just manner if the market cannot or will not.

 

[Secure Da Bag]

What Does It Take to Be in the 1%, 5%, 10%?
Are You Eligible for Federal Benefits in 2018?

Below is the actual 2018 federal tax rate.

Single filers

Tax rate Taxable income bracket Tax owed
10% $0 to $9,525 10% of taxable income
12% $9,526 to $38,700 $952.50 plus 12% of the amount over $9,525
22% $38,701 to $82,500 $4,453.50 plus 22% of the amount over $38,700
24% $82,501 to $157,500 $14,089.50 plus 24% of the amount over $82,500
32% $157,501 to $200,000 $32,089.50 plus 32% of the amount over $157,500
35% $200,001 to $500,000 $45,689.50 plus 35% of the amount over $200,000
37% $500,001 or more $150,689.50 plus 37% of the amount over $500,000

If we're making 70% the max, then I propose this:

Tax % Income      Income End      Tax Income Collected      Tax Income Total Collected
0         0                0                        0                                      0
0         1                15000                0                                      0
10       15001        53000                3799.9                             3799.9
12.5    53001        65000                1499.875                         5299.775
15       65001        80000                2249.85                           7549.625
17.5    80001        100000              3499.825                         11049.45
20       100001      250000              29999.8                           41049.25
22.5    250001      450000              44999.775                       86049.025
25       450001      1000000            137499.75                       223548.775
27.5    1000001    2000000            274999.725                     498548.5
30       2000001    3000000            299999.7                         798548.2
35       3000001    4000000            349999.65                       1148547.85
40       4000001    5000000            399999.6                         1548547.45
45       5000001    6000000            449999.55                       1998547
50       6000001    7000000            499999.5                         2498546.5
55       7000001    8000000            549999.45                       3048545.95
60       8000001    9000000            599999.4                         3648545.35
65       9000001    10000000          649999.35                       4298544.7
70       10000001  1000000000      692999999.3                   697298544

EDIT: getting the post to respect whitespace is too much of a bother. hopefully you brehs can read and decipher it.

 

[Skooby]

she's gonna be the youngest pres in the history

Her act may work in New York and in Cali, but those mid-western states won't vote for this chick.

 

[storyteller]

I'm just saying that's high. They have to pay 70% of income over 10 mil, in addition to what they pay on the first 10 mil????

It's .05% of the population. A larger percentage of the population paid a higher rate in the fairly recent past. It's not as radical as you might think.

 

[Perfectson]

No there aren't more than enough battery stations. That's just not true at all.

Yes there are. Tesla owns a bunch of them and could easily open them up, there hasn't been an abundance in demand to do so. Any data that states otherwise is based on the miles of rural land between cities, which is what I've already stated. But within the city , daily life , to work, to school there's enough stations.