AGAIN I SAY, IF IT WAS INHERITED THEY CAN HAVE THE 48% TAXES, CUASE THAT WAS NOT EARNED!

Rich people have to work to stay that way, most of their money is tied up in investments rather than setting in a bank. In the end the current system is designed to ensure everyone is doing something, but there will always be a few exceptions.

taxes are taxes like im gonna notice if i got charged a few bucks less this year.

引用自 Golden Meowlie：

taxes are taxes like im gonna notice if i got charged a few bucks less this year.

Noice!

The high tax rate is on Wages..... The tax rate on capitol gains, thinks like interest, or money earned from investments, is taxed at a significantly lower rate. (15% last I checked, but, that's been a while) And supposedly, giving the 'rich' tax breaks, prompts them to invest more in the economy.. Creating jobs and such. At least, that was Ronnie Reagans pet theory. (trickle down economics) Which of course, didn't work. The rich got richer, the poor got power, and the wealth divide got wider. And that's been the trend for decades.

So yeah, lets give the rich more tax breaks, so they will donate more to campaign funds, all the while, the national budget operates at an ever larger deficit..... What a wonderful idea..... Well, ok. Maybe not.....

𝓣𝓪𝔁 𝓮𝓿𝓪𝓼𝓲𝓸𝓷.

ideally any fortune going higher than a single digit million dollars should be taxed at +95%

sadly there are too many bootlicker losers for that to even be contemplated

引用自 HeyYou：

The high tax rate is on Wages..... The tax rate on capitol gains, thinks like interest, or money earned from investments, is taxed at a significantly lower rate. (15% last I checked, but, that's been a while) And supposedly, giving the 'rich' tax breaks, prompts them to invest more in the economy.. Creating jobs and such. At least, that was Ronnie Reagans pet theory. (trickle down economics) Which of course, didn't work. The rich got richer, the poor got power, and the wealth divide got wider. And that's been the trend for decades.

So yeah, lets give the rich more tax breaks, so they will donate more to campaign funds, all the while, the national budget operates at an ever larger deficit..... What a wonderful idea..... Well, ok. Maybe not.....

This, the effective tax rate for most millionaires is under those of the middle class because they have more avenues for lowering their taxes, and most of their income is in the form of capital gaints or investments whose tax rate is dramatically lower then that of wages

引用自 HeyYou：

The high tax rate is on Wages..... The tax rate on capitol gains, thinks like interest, or money earned from investments, is taxed at a significantly lower rate. (15% last I checked, but, that's been a while) And supposedly, giving the 'rich' tax breaks, prompts them to invest more in the economy.. Creating jobs and such. At least, that was Ronnie Reagans pet theory. (trickle down economics)

"Trickle down economics" Is not what Reagan ever called his theory. That phrase comes from his critics, and it has never been an accurate description.

If you want to criticize any kind of economic policy, you first need to understand what it actually is so that you don't end up attacking a strawman.

Please read this and learn about economics: https://www.hoover.org/sites/default/files/uploads/documents/Sowell_TrickleDown_FINAL.pdf

引用自 DEIMOS：

ideally any fortune going higher than a single digit million dollars should be taxed at +95%

sadly there are too many bootlicker losers for that to even be contemplated

In 1921, the tax rate on people making over $100,000 a year was 73%.
In 1929, the tax rate on people making over $100,000 a year was 24%.

Which of these two years resulted in higher tax revenues, do you think?

Topical, Asmon reacts to Greed is Destroying the World in the video linked below:
Video talks about Taxes, Investments, capitol gains, stock market and generally covers a variety of topics about wealth generation and taxation from FDR and the New Deal to the present(AI, modern billionaires, etc.)
The original video is in the description if you don't care for Asmon's commentary( jsyk, Asmon has degrees in business and - I *believe* accounting as well - and worked at the IRS before he blew up with streaming.)
https://www.youtube.com/watch?v=yLuvvNKF8DQ

引用自 NeutronVortex：

Topical, Asmon reacts to Greed is Destroying the World in the video linked below:
Video talks about Taxes, Investments, capitol gains, stock market and generally covers a variety of topics above wealth generation and taxation from FDR and the New Deal to the present(AI, modern trillionaires, etc.)
The original video is in the description if you don't care for Asmon's commentary( jsyk, Asmon has degrees in business and - I *believe* accounting as well - and worked at the IRS before he blew up with streaming.)
https://www.youtube.com/watch?v=yLuvvNKF8DQ

isnt that guy the same that recorded videos of his cockroach "pets" crawling around his body while ranting about woke games and "the left"? just for context

引用自 DEIMOS：

isnt that guy the same that recorded videos of his cockroach "pets" crawling around his body while ranting about woke games and "the left"? just for context

Those are separate videos. Just for context.

引用自 DEIMOS：

引用自 NeutronVortex：

Topical, Asmon reacts to Greed is Destroying the World in the video linked below:
Video talks about Taxes, Investments, capitol gains, stock market and generally covers a variety of topics above wealth generation and taxation from FDR and the New Deal to the present(AI, modern trillionaires, etc.)
The original video is in the description if you don't care for Asmon's commentary( jsyk, Asmon has degrees in business and - I *believe* accounting as well - and worked at the IRS before he blew up with streaming.)
https://www.youtube.com/watch?v=yLuvvNKF8DQ

isnt that guy the same that recorded videos of his cockroach "pets" crawling around his body while ranting about woke games and "the left"? just for context

It's truly amazing the things people will believe if it's about the target of the current five minute hate.

At the normal Federal 10% rate, some states are effectively taxing the first tier populace at 21.47% and it just goes higher and higher from there with not much to show for it.