Yes, your point is that you are afraid of admitting you're full of shit so you will engage in sophistry to convey your weak argument that cannot stand alone on the facts.
A true fraud.
59% support AOC's plan to raise top bracket to 70%
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Yes, your point is that you are afraid of admitting you're full of shit so you will engage in sophistry to convey your weak argument that cannot stand alone on the facts.
A true fraud.
I don't mind paying a 70% rate on income over $10M.
Why do you? You'll never make $10M in your life.
canceled.2021.1
#AMERICAISDEAD
You mean after the dot com crash when capital gains taxes weren't flowing in? You are such a shallow thinker Toby
It is no wonder your people allowed themselves to be enslaved all those years ago. More importantly it is why you allow yourself to be enslaved to the democrat party plantation. The shackles are not real, but they are no less constricting on you Toby
Getin the ring
Verified User
canceled.2021.1
#AMERICAISDEAD
Neither will you which is why it is easy for you to say.
Yes, you are correct, it is highly unlikely that I will ever make $10 million a year.
As to earning $10 million over my lifetime? Well, that has already been accomplished Toby. Over a lifetime, that isn't very much money when you think about it. If you start working at 21 and work until you are 65 that averages out to a little over $200,000 a year. Easily doable Toby. Well, maybe not for you. But for me and my white privilege? EZ PZ
It's entirely true that Obama let the Bush Tax Cuts for the wealthy expire at the end of 2012.
Very, very true.
Federal Receipt and Outlay Summary
Deficit (in billions):
2012: -$1,087
2013: -$679
Kill yourself.
I'm totally serious about it too.
Kill yourself. There is nothing of value you contribute to this discussion. You cannot make an honest argument. You simply lie because you don't know how to tell the truth anymore.
You have lied so much and so often that your brain isn't wired to discern what it truthful and what isn't. It's a mental illness.
Irish Exit
Verified User
94% of people who pay taxes will get a tax cut under Trump, but the democrats will still proclaim that it was only for the top 1% and their "balloon the deficit" concerns are code for "welfare people and earned income creditors who don't pay taxes didn't get to take even more so its bad"
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#AMERICAISDEAD
You are presenting deficit numbers, not revenue numbers Toby. Why are you being dishonest? Or do you not understand the difference? You don't do you?
Your understanding of basic economics is very limited Toby
Federal Receipt and Outlay Summary
Summary of Receipts, Outlays, and Surpluses or Deficits (-)
In Current Dollars
Surplus or Deficit (-)
2012 (Last year of Bush Tax Cuts on wealthy): -$1,087.0
2013 (First year of pre-Bush Tax Cuts rate on wealthy): -$679.5
So right away, we know you're wrong.
Kill yourself.
canceled.2021.1
#AMERICAISDEAD
The fundamental thing to understand about leftists and big gobblement types is that they believe that ALL income is the property of the federal gobblement and that it is the gobblements job to DISTRIBUTE that income.
As a classical liberal, I believe in individual liberty and economic freedom. The federal gobblement should tax only so much as to fund essential activities. National defense, the courts etc.
Everything else like agriculture, healthcare, education, commerce, energy....all of it can go
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You said revenues Toby. Why are you giving me deficit numbers?
Do you not know the difference between revenues and deficits?
because of people like you, most wealthy people and corporations pay little to no taxes.
It's the topic of discussion.
The dotcom market collapsed in 2000, not 2001. And the recession that started two months into Bush's term was so weak that GDP growth for 2001 was still positive.
So you can't use that as an excuse since GDP still grew in 2001, even with 9/11 and a recession.
Furthermore, it was Capital Gains Tax Cuts that caused the dotcom bubble to appear.
So now, on top of tax cuts being pointless and useless fiscal policy, they are also responsible for market bubbles. Not just the dotcom bubble, but the housing bubble too:
Bush Ties Policy to Record Home Ownership
3/26/04
Touting his tax cuts as the economy's savior — and pointing to the strong housing market as proof — Bush said "more people own their own home now than ever." More than 50 percent of minorities owned their own homes in the last three months of 2003 for the first time ever, the president said.
https://www.foxnews.com/story/bush-ties-policy-to-record-home-ownership
Getin the ring
Verified User
70% tax rate 
Then only slave here is you to your poor choices and bad judgment.
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#AMERICAISDEAD
So you are blaming Bill Clinton for the DotCom bubble?
Exactly, so what the fuck do I care if some rich person has to pay 70% on income over $10M?
So then why do you care if some rich person pays 70% on income over $10M?
Turn up the sound for this one:
canceled.2021.1
#AMERICAISDEAD
No Toby. I make great choices. It is why I am so much happier than you. You are a miserable race hustling slob who will never be happy. You don't understand wealth creation. You don't understand economics. All you understand is hatred and resentment. You are my play thing Toby
BTW. Here is what you said
You said revenue and when asked to back up your claims, you present deficit numbers.
Irish Exit
Verified User
Within reason. There is a tipping point both ways but it all comes down to its effect on velocity.