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

[skylove4]

What’s the problem? Why are people who are not rich the most offended by this? The tax system is part of the reason the middle class and Lower class struggle to climb the ladder.


The only thing I don’t want taxed to death are businesses.

You didn’t know most of this forum is filled with temporarily embarrassed millionaires

 

[The Fukin Prophecy]

ok so they'll just leave NYC and California then and both of those place will fall apart

NYC is already falling apart on its way to bankruptcy...

Manhattan is filled with vacant skyscrapers the and tax payer base (middle class) is fleeing to neighboring states...

Yang winning mayor will have the city returning to the 70s...

 

[UberEatsDriver]

NYC is already falling apart on its way to bankruptcy...

Manhattan is filled with vacant skyscrapers the and tax payer base (middle class) is fleeing to neighboring states...

Yang winning mayor will have the city returning to the 70s...

NYC and it’s diverse rich economy will never go bankrupt.


You and the hundreds of other weirdos who are hoping to see it happen will forever be waiting


PS. - since when did Manhattan have all these vacant skyscrapers? Wtf you making this up? Lol

 

[The Fukin Prophecy]

NYC and it’s diverse rich economy will never go bankrupt.


You and the hundreds of other weirdos who are hoping to see it happen will forever be waiting

It literally did in 1975 and took damn near 20 years to get out of that hole...

If you understood how basic economics work, you'd understand why folk like me who work in the financial sector are worried about the future of the city...

You internet nikkas are so clueless...

 

[010101]

NYC and it’s diverse rich economy will never go bankrupt.


You and the hundreds of other weirdos who are hoping to see it happen will forever be waiting


PS. - since when did Manhattan have all these vacant skyscrapers? Wtf you making this up? Lol

the people can leave the essentials rooted to nyc can't

if thee.city does ever truly fall apart it would mean the country as a whole shyte the world is going through some deep doodoo

ha

*

 

[DEAD7]

Your solution?

Focus on closing loopholes and reducing deductions...

 

[UberEatsDriver]

It literally did in 1975 and took damn near 20 years to get out of that hole...

If you understood how basic economics work, you'd understand why folk like me who work in the financial sector are worried about the future of the city...

You internet nikkas are so clueless...

This is why a lot of you guys are smart dumb lol. NYC in 2021 and nyc in 1970 were two complete different cities. Literally in 2021 nyc has much more Industry than it did in the 70s and you can now add marijuana to that as well. I’m still waiting for the receipts you have of all these vacant skyscrapers too.

 

[UpAndComing]

The 1% has finessed y’all again to cape for them. Please looks at the tax rate during Americas golden era. It was 91% in the 50s and 60 to 90 in the 70s. And guess what the rich still came out insanely wealthy and most didn’t complain.

This is because they knew their money contributed to the American infrastructure and workers who in turn were able to afford their products and services. They got their money back through capitalism. But all that shot changed with Reagan.

The rich are lucky it’s only 50% and not 90. That tax rate helped America become the wealthiest nation alwith the strongest economy. We forget that because of how well the greedy rich lobby.

1:25


The "Glorious 1950s" ya'll talk about when the tax rate was 91% is when the United States SUFFERED FOUR RECESSIONS

- 1949 Recession
- 1953 Recession
- 1957 Recession
- 1961 Recession
- Unemployment went up to 8%

4 Recessions in a span of 11 years

During that time Millionaires hired Lobbyists to give them statutes and exemptions to the Tax Code

That Tax Rate increases the Millionaire's pockets and increased the Tax burden to the Middle Class and Upper Middle Class. But when someone tries to break it down for ya'll, it turns into "We love millionaires"

Alot of ya'll are really clueless to Tax Policy

 

[UberEatsDriver]

1:25


The "Glorious 1950s" ya'll talk about when the tax rate was 91% is when the United States SUFFERED FOUR RECESSIONS

- 1949 Recession
- 1953 Recession
- 1957 Recession
- 1961 Recession
- Unemployment went up to 8%

4 Recessions in a span of 11 years

During that time Millionaires hired Lobbyists to give them statutes and exemptions to the Tax Code

That Tax Rate increases the Millionaire's pockets and increased the Tax burden to the Middle Class and Upper Middle Class. But when someone tries to break it down for ya'll, it turns into "We love millionaires"

Alot of ya'll are really clueless to Tax Policy

One thing I do realize is that a lot of things that America brags about ends up being a big myth.

 

[The Fukin Prophecy]

This is why a lot of you guys are smart dumb lol. NYC in 2021 and nyc in 1970 were two complete different cities. Literally in 2021 nyc has much more Industry than it did in the 70s and you can now add marijuana to that as well. I’m still waiting for the receipts you have of all these vacant skyscrapers too.

So apparently you know shyt about economics and can't use google either...

Here's your receipt on the skyscrapers son...

Why Manhattan’s Skyscrapers Are Empty

Go on and Juelz that like you been doing throughout the thread...

BTW did NYC not have a millionaires row in '75? Number one in the country, why couldn't "tax the rich" bail them out if its so easy and they won't go anywhere?

How much did Trump pay in taxes over the last 15 years? $750? and your slow ass thinks he's going to pay more now...

 

[Secure Da Bag]

That's not half your money it's a top marginal rate.

 

[supertrekker]

yea and don’t forget they get to pay their employees less also.

cheaper cost of living allows them to get away with that.

 

[UberEatsDriver]

cheaper cost of living allows them to get away with that.

That’s true but it shouldn’t be low to the ground and some states allow it.

 

[cKondomsucK6]

The 1% has finessed y’all again to cape for them. Please looks at the tax rate during Americas golden era. It was 91% in the 50s and 60 to 90 in the 70s. And guess what the rich still came out insanely wealthy and most didn’t complain.

This is because they knew their money contributed to the American infrastructure and workers who in turn were able to afford their products and services. They got their money back through capitalism. But all that shot changed with Reagan.

The rich are lucky it’s only 50% and not 90. That tax rate helped America become the wealthiest nation alwith the strongest economy. We forget that because of how well the greedy rich lobby.

this is false, almost no1 ended up paying close to that high percentage after all the loopholes

 

[kevm3]

A lot of these guys are about to flood Texas, Florida and Tennessee like they already have been doing and is part of the reason why the real estate in these areas is starting to become obscene like the areas they are fleeing.