Ocasio Cortez proposing 70% income tax on earnings above $10 million?

[Avocado33]

Anyone hear about this?

I know the vast majority of Americans make nowhere near that kind of money, but how is it moral to go to someone like LeBron making $40 million a year and tax 70% of what he makes after the $10 million? So that's around $21 million in taxes in that $30 million alone?

How do you morally justify that? People who make that kind of money are generally pretty charitable as is. Why would they give such a large proportion of what they earned and have no control over how it's distributed, when they have so much power to positively impact people directly at their choice?

Makes no sense.

 

[JustinCruise]

lol this girl is such a moron. Embarrassed for the people who elected her

 

[SgtLanquel]

It is not much different than the federal income tax code that existed for over a half century prior to the major reforms passed in early 1980s. And the baseline for the marginal tax rates of 70%+ was lower than $10m IIRC

 

[beefdiesel]

LeBron is a liberal, he should be for this

she is a fucking fruitcake

 

[RunMaker]

Bitch coming after my cash. Fuck her.

 

[RunMaker]

Yacht insurance of 5,000 for January still unpaid. Fuck!!!

 

[Seymour]

It is not much different than the federal income tax code that existed for over a half century prior to the major reforms passed in early 1980s. And the baseline for the marginal tax rates of 70%+ was lower than $10m IIRC

Priceless answer - kinda like after the cops beat the living fuck out a black - well you know we used to allow slavery so a beating here and there should be acceptable - too funny

 

[Avocado33]

It's be such a cog in the economy....all to fund the "Green New Deal?"

 

[newton0038]

No wonder the filty rich keep their $$ as numbered companies in Bermuda, Caymans and Switzerland

 

[bodyforlife]

Anyone hear about this?

I know the vast majority of Americans make nowhere near that kind of money, but how is it moral to go to someone like LeBron making $40 million a year and tax 70% of what he makes after the $10 million? So that's around $21 million in taxes in that $30 million alone?

How do you morally justify that? People who make that kind of money are generally pretty charitable as is. Why would they give such a large proportion of what they earned and have no control over how it's distributed, when they have so much power to positively impact people directly at their choice?

Makes no sense.

Talk to France about it.

 

[SgtLanquel]

Priceless answer - kinda like after the cops beat the living fuck out a black - well you know we used to allow slavery so a beating here and there should be acceptable - too funny

Excellent analogy....I should have thought of that myself....Lebron banks $10mil and when the (proposed) tax law changes his rate on next $30m from current $11m to new $21m he will be lying bloody and broken in the streets of Compton with a net takehome of about $2mil per month. Savage.....glad I am just in the $90k range with two kids in college

 

[SgtLanquel]

And of course such a tax code would cause all those Americans with adjusted gross income of $9,999,999.00 to just stop working.....clearly a horrible turn.....I take back my previous lackluster attitude

 

[michael777]

LeBron is a liberal, he should be for this

she is a fucking fruitcake

Lebron is also an anti semite

 

[Willie99]

They like to pretend that would raise enough money to pay for all their handouts and help balance the budget, when the truth is those tax hikes are only a pebble of sand on the world's largest beaches

They always like to pretend they're going to solve all the world's problems, AND YOU DON'T HAVE TO PAY FOR IT, ONLY THE "TIPPY TOP" WILL.

What a deal, sign me up, whoop whoop whoop. The only way to raise substantive tax dollars is to tax the middle class, and didn't anyone notice all the money invested into our economy to create jobs in this country AFTER Trump was elected? Low taxes and fewer regulations, it works, as a "rising tide raises all boats".

Kinda hard to miss the history if one cares to look into it.

 

[Albatross]

I am against it 100%, but would love to hear these dumbass athletes that think they need to pipe up on political issues cry about it. It would be classic.

 

[Willie99]

And of course such a tax code would cause all those Americans with adjusted gross income of $9,999,999.00 to just stop working.....clearly a horrible turn.....I take back my previous lackluster attitude

Liberals do love to spend other peoples' money

 

[bodyforlife]

Liberals do love to spend other peoples' money

Well, of course. What fun would it be to spend theirs.

 

[Knightrofins]

LeBron is a liberal, he should be for this

she is a fucking fruitcake

If this went threw, he WOULDNT be that liberal anymore!!

 

[JustinCruise]

If this went threw, he WOULDNT be that liberal anymore!!

Through

 

[rolltide]

glad she put a number on it. Originally she just wanted to overtax the "tippy-tops" of American earners but didn't quantify what that deep financial term meant