https://twitter.com/ggreenwald/status/1441035059230818305?s=20
https://www.msn.com/en-us/news/politics/white-house-400-wealthiest-families-paid-average-tax-rate-of-8-2-percent/ar-AAOKog5?ocid=entnewsntp&pc=U531
Hmmm. I wonder why we "leftists" won't just pay more voluntarily. Eh, Gasbag?
"Unrealized capital gains"
Imagine how fucking stupid you have to be to fall for that one
Hmmm. I wonder why we "leftists" won't just pay more voluntarily. Eh, Gasbag?
I also wonder why you self-professed undertaxed leftards don't voluntarily pay more tax. You should know better than me since I'm not the phucking hypocrite that you are. So, the top 1% of taxable US income earners pay 40% of the federal income tax. In February 2020 let us know what was wrong with the US economy which was generating the highest increase in US middle income wages in decades. Not enough tax revenue to fund public education which sucks? The actual truth is that the "income" of the wealthy doesn't include increases in their investment portfolio. When they die, this "untaxed" wealth is subject to a 40% federal estate tax rate. For some reason, the ultra red state of California doesn't have an estate tax. You should fix that. You suck at this.
The White House noted that its estimate of the tax rate for the wealthiest households is "much lower" than other groups' estimates of top income tax rates. The administration's takes into account income from unrealized capital gains, which is not typically included in this type of analysis.[/b]
Hmmm. I wonder why we "leftists" won't just pay more voluntarily. Eh, Gasbag?
I also wonder why you self-professed undertaxed leftards don't voluntarily pay more tax. You should know better than me since I'm not the phucking hypocrite that you are. So, the top 1% of taxable US income earners pay 40% of the federal income tax. In February 2020 let us know what was wrong with the US economy which was generating the highest increase in US middle income wages in decades. Not enough tax revenue to fund public education which sucks? The actual truth is that the "income" of the wealthy doesn't include increases in their investment portfolio. When they die, this "untaxed" wealth is subject to a 40% federal estate tax rate. For some reason, the ultra red state of California doesn't have an estate tax. You should fix that. You suck at this.
The White House noted that its estimate of the tax rate for the wealthiest households is "much lower" than other groups' estimates of top income tax rates. The administration's takes into account income from unrealized capital gains, which is not typically included in this type of analysis.[/b]
A permanent upper class defined by large, lightly taxed inheritances is perfectly fine with Gasbag.
Hmmm. I wonder why we "leftists" won't just pay more voluntarily. Eh, Gasbag?
I also wonder why you self-professed undertaxed leftards don't voluntarily pay more tax. You should know better than me since I'm not the phucking hypocrite that you are. So, the top 1% of taxable US income earners pay 40% of the federal income tax. In February 2020 let us know what was wrong with the US economy which was generating the highest increase in US middle income wages in decades. Not enough tax revenue to fund public education which sucks? The actual truth is that the "income" of the wealthy doesn't include increases in their investment portfolio. When they die, this "untaxed" wealth is subject to a 40% federal estate tax rate. For some reason, the ultra red state of California doesn't have an estate tax. You should fix that. You suck at this.
The White House noted that its estimate of the tax rate for the wealthiest households is "much lower" than other groups' estimates of top income tax rates. The administration's takes into account income from unrealized capital gains, which is not typically included in this type of analysis.[/b]
A permanent upper class defined by large, lightly taxed inheritances is perfectly fine with Gasbag.
How much of other peoples money are you entitled to there fagbag? What's your estimate?
"Unrealized capital gains"
Imagine how fucking stupid you have to be to fall for that one
Money is fungible. I can spend or borrow against the tax free appreciation just as easily as I can spend my earned income.
Passing assets along at a stepped up basis has to go, or we simply could lower the estate tax thresholds again. One or the other. Joe's position is he'd like to do both, but I suspect that's an attempt to get one of the two done.