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1
komputodo
2019 Oct 18, 6:14am
komputodo
2019 Oct 18, 6:14am
willywonka says
Once again....only if you still believe campaign promises......lolol
If Bernie Sanders did win the U.S. presidency, it could prove bad news for U.S. billionaires. Elizabeth Warren is planning to levy taxes of up to 62 percent on the country's wealthiest people but Sanders' proposals go much further. That's according to a new interactive website developed by Emmanuel Saez and Gabriel Zucman from the University of California, Berkeley which shows presidential candidates' tax plans by income group.
Once again....only if you still believe campaign promises......lolol
3
Tenpoundbass
2019 Oct 18, 7:53am
Tenpoundbass
2019 Oct 18, 7:53am
Well if more than half of the nation quits working to suck on the Socialist Teet, and the high earners flee the country. That would make even those making $15K a top N'Tier earner.
5
Patrick
2019 Oct 18, 8:32am
Patrick
2019 Oct 18, 8:32am
I prefer a wealth tax to the income tax.
And the best version of the wealth tax is a tax on land values. Ownership of land is used to extort rents out of the rest of us without producing anything.
Georgism!
And the best version of the wealth tax is a tax on land values. Ownership of land is used to extort rents out of the rest of us without producing anything.
Georgism!
6
Heraclitusstudent
2019 Oct 18, 10:37am
Heraclitusstudent
2019 Oct 18, 10:37am
I don't understand why taxing land would make any sense.
Most of the wealth production is increasingly concentrated in cities.
Facebook probably uses less land than a farm.
Georgism seems a relique of an agricultural past that's totally obsolete now.
Most of the wealth production is increasingly concentrated in cities.
Facebook probably uses less land than a farm.
Georgism seems a relique of an agricultural past that's totally obsolete now.
7
mell
2019 Oct 18, 12:26pm
Patrick says
Agreed. But a temporary wealth tax on extreme wealth is even easier. Anything better than income tax increase. The big problem with communists like Bernie and Warren is that they will violate everything and impose draconian income taxes on everyone who has enough money not having to suck on big govs teet. Be very careful don't vote for socialists or communists.
I prefer a wealth tax to the income tax.
And the best version of the wealth tax is a tax on land values. Ownership of land is used to extort rents out of the rest of us without producing anything.
Georgism!
Agreed. But a temporary wealth tax on extreme wealth is even easier. Anything better than income tax increase. The big problem with communists like Bernie and Warren is that they will violate everything and impose draconian income taxes on everyone who has enough money not having to suck on big govs teet. Be very careful don't vote for socialists or communists.
8
zzyzzx
2019 Oct 18, 1:44pm
zzyzzx
2019 Oct 18, 1:44pm
WaltertheoFlanders says
First off, I don't believe that my taxes would actually get lowered under Bernie. I'd expect them to go up even though I make way less that that 500K you mentioned.
Second, these things usually aren't adjusted for inflation. so at some point, that 500K/year is likely to be middle or lower class, since Bernies prolific spending is likely to cause rampant inflation.
So which patnetters are making over $500k / year. My guess.... None. Hence everyone here should be for lower taxes under Bernie.
First off, I don't believe that my taxes would actually get lowered under Bernie. I'd expect them to go up even though I make way less that that 500K you mentioned.
Second, these things usually aren't adjusted for inflation. so at some point, that 500K/year is likely to be middle or lower class, since Bernies prolific spending is likely to cause rampant inflation.
9
mell
2019 Oct 18, 2:27pm
zzyzzx says
Right usually with those plans all taxes go up except for those on welfare and with heavy government subsidies.
WaltertheoFlanders saysSo which patnetters are making over $500k / year. My guess.... None. Hence everyone here should be for lower taxes under Bernie.
First off, I don't believe that my taxes would actually get lowered under Bernie. I'd expect them to go up even though I make way less that that 500K you mentioned.
Second, these things usually aren't adjusted for inflation. so at some point, that 500K/year is likely to be middle or lower class, since Bernies prolific spending is likely to cause rampant inflation.
Right usually with those plans all taxes go up except for those on welfare and with heavy government subsidies.
10
SunnyvaleCA
2019 Oct 18, 3:20pm
If the tax bill doesn't pass the senate, Bernie will have a hard time imposing it (although I'm sure he will try). I don't think the current Supreme Court will sell out the nation like they did with Obamacare.
11
Al_Sharpton_for_President
2019 Oct 18, 3:50pm
Al_Sharpton_for_President
2019 Oct 18, 3:50pm
mell says
Patrick saysMinus 50 social credits, comrade.I prefer a wealth tax to the income tax.
And the best version of the wealth tax is a tax on land values. Ownership of land is used to extort rents out of the rest of us without producing anything.
Georgism!
Agreed. But a temporary wealth tax on extreme wealth is even easier. Anything better than income tax increase. The big problem with communists like Bernie and Warren is that they will violate everything and impose draconian income taxes on everyone who has enough money not having to suck on big govs teet. Be very careful don't vote for socialists or communists.
12
Fuckyouasshole
2019 Oct 18, 5:57pm
Commie Sanders will be a billionaire if he ever becomes President, like all the other commie leaders. I doubt he will tax himself 97% though
If Bernie Sanders did win the U.S. presidency, it could prove bad news for U.S. billionaires. Elizabeth Warren is planning to levy taxes of up to 62 percent on the country's wealthiest people but Sanders' proposals go much further. That's according to a new interactive website developed by Emmanuel Saez and Gabriel Zucman from the University of California, Berkeley which shows presidential candidates' tax plans by income group.
The data shows that while Sanders would tax the majority of income groups at a lower rate than the current tay system, it starts to increase dramatically when it comes to the top 1 percent of earners. It doesn't stop there and the country's 400 wealthiest individuals would have to pay 97.5 percent tax compared to the current 23.1 percent - bad news for people like Jeff Bezos and Bill Gates who would pay approximately $9 billion and $8.5 billion this year respectively.
Sanders and Warren have made wealth taxes central to their campaigns and historically, such moves have proven popular with voters. Every year between 2013 and 2018, Gallup polling found that 60 percent or more of the U.S. public felt that upper-income people pay too little in federal taxes annually. Sanders tweeted yesterday that "billionaires should not exist" and that 500,000 Americans are homeless, 87 million are uninsured or underinsured and 45 million have student debt, all while three people own more wealth than the bottom half.
https://www.statista.com/chart/19679/overview-sanders-tax-reform/