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US Congress & The Legislative Branch Discuss Elizabeth Warren, Bernie Sanders propose 3% wealth tax on billionaires at the Political Forums; Originally Posted by saltwn They should pay 75-90% tax but in the absence of that yeah I guess. ANYONE who ...

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Old 11-18-2021, 03:53 PM
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Default Re: Elizabeth Warren, Bernie Sanders propose 3% wealth tax on billionaires

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Originally Posted by saltwn View Post
They should pay 75-90% tax but in the absence of that yeah I guess.
ANYONE who believes that more of someone's income should go to the government than themselves is out of their mind...
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Old 11-18-2021, 04:03 PM
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Default Re: Elizabeth Warren, Bernie Sanders propose 3% wealth tax on billionaires

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Originally Posted by cnredd View Post
ANYONE who believes that more of someone's income should go to the government than themselves is out of their mind...
You'll notice that people that propose those rates, never propose those kind of rates for THEIR income level.
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Old 11-19-2021, 08:00 AM
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Default Re: Elizabeth Warren, Bernie Sanders propose 3% wealth tax on billionaires

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Originally Posted by GetAClue View Post
You'll notice that people that propose those rates, never propose those kind of rates for THEIR income level.
Of course not. It's entertaining how Bernie's rhetoric has shifted from condemning millionaires to only criticizing billionaires since Bernie's book deal made him rich. Then there is the BLM co-founder with the $2 million real estate portfolio, Marxism for fun and profit.
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Old 11-20-2021, 06:19 PM
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Default Re: Elizabeth Warren, Bernie Sanders propose 3% wealth tax on billionaires

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Originally Posted by cnredd View Post
ANYONE who believes that more of someone's income should go to the government than themselves is out of their mind...
You never go beyond the one sentence do you? never delve beyond using it for a meme or bumper sticker?
there are a wealth of exemptions that were used by people and companies in the 50s through the 70s to lower that basic amount.
The over all picture encouraged home investment, American growth and revenue to run a country.
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Old 11-21-2021, 09:08 AM
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Default Re: Elizabeth Warren, Bernie Sanders propose 3% wealth tax on billionaires

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Originally Posted by GetAClue View Post
You'll notice that people that propose those rates, never propose those kind of rates for THEIR income level.
People don't mind tax increases as long as they think they are not the one who'll be paying it. Just look at tobacco taxes for example. Most people don't mind a extra 2,3, or 4 dollar tax on a pack of cigarettes because they are not going to be paying it. However they will in the long run if that tax is mostly funding a program. Because the revenue generated from that tax will slowly decrease and government will look for other sources of revenue.
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Old 11-21-2021, 09:10 AM
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Default Re: Elizabeth Warren, Bernie Sanders propose 3% wealth tax on billionaires

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Originally Posted by saltwn View Post
You never go beyond the one sentence do you? never delve beyond using it for a meme or bumper sticker?
there are a wealth of exemptions that were used by people and companies in the 50s through the 70s to lower that basic amount.

The over all picture encouraged home investment, American growth and revenue to run a country.
So give the 75% to 90% to someone else instead of uncle sam. Not sure that is any less insane than what you proposed.
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Old 11-21-2021, 09:25 AM
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Default Re: Elizabeth Warren, Bernie Sanders propose 3% wealth tax on billionaires

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Originally Posted by saltwn View Post
You never go beyond the one sentence do you? never delve beyond using it for a meme or bumper sticker?
there are a wealth of exemptions that were used by people and companies in the 50s through the 70s to lower that basic amount.
The over all picture encouraged home investment, American growth and revenue to run a country.
Say what? Today's "fair share" Democrats scream about so-called loopholes being used to commit the pseudo crime of tax avoidance. What you call exemptions of yesteryear are villainous corporations and the super rich of today avoiding paying their ever escalating fair share.

When Mitt Romney ordered his accountant not to declare some charitable contributions raising his taxes in the process Democrats smeared him as planning to file an amended return to recover the taxes after the election. Bernie Sanders flush with book royalties chose to pay the lower, tax cut for the rich, rates from the Trump reforms. He even changed his rhetoric dropping condemnation of millionaires after he became one. As show by these examples it's not a matter of actual taxes paid it's ideology.
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Old 11-21-2021, 08:54 PM
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Default Re: Elizabeth Warren, Bernie Sanders propose 3% wealth tax on billionaires

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Say what? Today's "fair share" Democrats scream about so-called loopholes being used to commit the pseudo crime of tax avoidance. What you call exemptions of yesteryear are villainous corporations and the super rich of today avoiding paying their ever escalating fair share.

When Mitt Romney ordered his accountant not to declare some charitable contributions raising his taxes in the process Democrats smeared him as planning to file an amended return to recover the taxes after the election. Bernie Sanders flush with book royalties chose to pay the lower, tax cut for the rich, rates from the Trump reforms. He even changed his rhetoric dropping condemnation of millionaires after he became one. As show by these examples it's not a matter of actual taxes paid it's ideology.
No. It's so fubar (to use that very apt Vietnam vet expression), the remaining loopholes and new ones are not the same, were tweaked and or made up by corporate lobbyists. Really.
You'll just have to look up historical tax exemptions/ breaks of the era.
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Old 11-22-2021, 08:57 AM
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Default Re: Elizabeth Warren, Bernie Sanders propose 3% wealth tax on billionaires

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Originally Posted by saltwn View Post
No. It's so fubar (to use that very apt Vietnam vet expression), the remaining loopholes and new ones are not the same, were tweaked and or made up by corporate lobbyists. Really.
You'll just have to look up historical tax exemptions/ breaks of the era.
I am obligated to research the tax code for your vague theory? No, you need to put some proof behind your claims.
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