Report: New York and California Implements 50% Top Tax Rate on Wealthy

[DEAD7]

@ nikkas not understanding why poor people who benefit greatly from tax revenue are upset at potentially reducing that revenue.
... aint nobody caping for the rich.

 

[UberEatsDriver]

Same situation the other way...
#politics

Your solution?

 

[UpAndComing]

So what’s your solution?

The Tax rate should be lowered for everyone, $0 to $10mill +

1. When Taxes are lowered, people have more incentive to invest and produce in the US Market. It will weaken foreign markets and strengthen the American market
Corporations won't be generating their wealth outside of America in Indonesia, China, Bermuda or Ireland anymore... So their money will circulate within the American economy
When wealthy people save their money or put it in offshore accounts, it ruins the American Economy


2. A lower tax rate will create more Self Employed Workers and Small Business Owners. Now the Doctors, Lawyers, Salon and Barbershop owners, Restaurants, Retail store owners, Financial Service businesses, Cleaning businesses, etc won't have to worry about being taxed heavily to start their own business and maintain their business


When Corporations and Small Businesses are able to produce and invest in the American market, it will pump money in the American economy and create more jobs for everyone. We should not penalize the job creators

At the same time, I don't believe in Corporate bailouts. And there should be some type of tax on Corporations who save too much of their money and don't produce anything

 

[UberEatsDriver]

The Tax rate should be lowered for everyone, $0 to $10mill +

1. When Taxes are lowered, people have more incentive to invest and produce in the US Market. It will weaken foreign markets and strengthen the American market
Corporations won't be generating their wealth outside of America in Indonesia, China, Bermuda or Ireland anymore... So their money will circulate within the American economy
When wealthy people save their money or put it in offshore accounts, it ruins the American Economy


2. A lower tax rate will create more Self Employed Workers and Small Business Owners. Now the Doctors, Lawyers, Salon and Barbershop owners, Restaurants, Retail store owners, Financial Service businesses, Cleaning businesses, etc won't have to worry about being taxed heavily to start their own business and maintain their business


When Corporations and Small Businesses are able to produce and invest in the American market, it will pump money in the American economy and create more jobs for everyone. We should not penalize the job creators

At the same time, I don't believe in Corporate bailouts. And there should be some type of tax on Corporations who save too much of their money and don't produce anything

Yes I stated this in my post earlier. I don’t agree with insane taxes on job creators. But not all rich people are job creators.

 

[UberEatsDriver]

@ nikkas not understanding why poor people who benefit greatly from tax revenue are upset at potentially reducing that revenue.
... aint nobody caping for the rich.

Yes they are especially when they say silly things like “if I were rich I’d be mad too”.


Yea they know everything about the economy huh

 

[NkrumahWasRight Is Wrong]

It should be 5million or more

As it stands a millionaire would be knocked down to 500k...

I can understand going from 5 mill to 2.5 but knocking a nicca out of millionaire status seems


its should be 5 million

nah

any income over a million would be at 50%. so someone making 1,000,001 is taxed 50 cents on that extra dollar

now if you claim 2m...then 500k on that 2nd mil really stings

ct should take the opportunity to cut income tax to lure more new yorkers over the border

 

[UberEatsDriver]

@UpAndComing what jobs does this guy create?

 

[Tom Foolery]

Tax Revenue gotta come from somewhere?

 

[AnotherRoute]

Tax Revenue gotta come from somewhere?

Why can’t it comes from the ever growing poor and shrinking middle class. Not our precious millionaires .

 

[UpAndComing]

Yes I stated this in my post earlier. I don’t agree with insane taxes on job creators. But not all rich people are job creators.

100% true. But they are for sure related to the Job creators to created that wealth. Generational wealth is real

Like for instance if some rich 35 yr old guy who never created anything in his life ever and got his wealth from his rich Grandfather, he's still gonna consume in the American market and pay taxes. He's still gonna invest in the stock market and pay those taxes. Government will still get that tax revenue regardless. But if they try to tax him at 50% for his income cause he's a millionaire, he's gonna bounce or hire some CPA to hide his money, and the Government can't recoup that Tax revenue anymore

 

[UpAndComing]

@UpAndComing what jobs does this guy create?

- The person that is filming his videos
- The person that is editing his videos
- Boxing Trainer
- Bodyguards
- Accountants
- Lawyers
- House maids/butlers
- Government gets to tax all of his income cause he's most likely getting his income in the US and living in the US

 

[UberEatsDriver]

- The person that is filming his videos
- The person that is editing his videos
- Boxing Trainer
- Bodyguards
- Accountants
- Lawyers
- House maids/butlers
- Government gets to tax all of his income cause he's most likely getting his income in the US and living in the US

the PERSON editing his video, training, protecting his body are individuals who have jobs that vast majority of people will not have. I highly doubt any of these jobs were posted on a job forum online.


If I hire my own photographer am I really allowed to say I create JOBS?

 

[filial_piety]

Stupid. If you work your way up to that salary you should be able to benefit from it instead of paying more tax.

for some odd reason...folks feel entitled to the money that you make...i'll never understand it myself

 

[UberEatsDriver]

for some odd reason...folks feel entitled to the money that you make...i'll never understand it myself

Do you keep the same energy for the poor, middle class and black homeowners who aren’t rich but have to deal with tax burden?

 

[filial_piety]

Do you keep the same energy for the poor, middle class and black homeowners who aren’t rich but have to deal with tax burden?

i'm a black middle class homeowner...so yes.