Ocasio-Cortez: "Isn't $10 Million Enough? Like, When Does It Stop?"

a reply to: neo96

You don't even know how taxes work. How can you whine about anything AOC says?

To hell with 70% we should be shooting for 90% as income inequality is worse now than at any other point in history!

originally posted by: IAMTAT
a reply to: neo96


She should donate her entire government salary to charity like Trump does.

Yes because what we need is only the rich who can afford to not take salaries control the government even more...

originally posted by: neo96

originally posted by: DBCowboy
a reply to: SprocketUK

If a person made 10 million and the government took 99%, leaving 100,000 wouldn't put anyone in the poor house either.

But what if you made that $10 million running a beef farm, and AOC Green new deal put you out of work?

Or a coal plant owner, or gas station owner or any other business the GND specifically targets.

Poor house ALL THE WAY.

If you are making $10m profit in a bussiness and pocketing it all as income you have more problems then the tax code.

originally posted by: JAY1980
As a sapiosexual she gets more cringe-worthy daily...

At first I found her somewhat attractive. Then she opened her word hole... And continues to prove our educational system is trash. This it what a degree in economics looks like?

No wonder so many collage graduates work at bar's...

LOL.....had to look that up !

a reply to: neo96

Only 3,164 make $10,000,001 annually. That is the top 0.002%.

Let that sink in a second. That means that 158,184,000 working Americas make less than $10 million. Those people will be taxed from 12 to 39% on income less than $10 million. Anyone making more than that will be taxed at 70% on every dollar over $10 million.

All though, honestly, I'd be happy with a flat tax with no exemptions. Everyone, rich or poor, pays 25% federal. Period. No loopholes. You pay the government that percent and the rest of your money is yours. The problem is that most millionaires end up paying a lower percentage than middle-class taxpayers.

Unless you're making $10,000,001 or more, you should not be fine with this plan.



Here's the fun tool to see where you fit in the financial percentiles.

thekeesh.com...

a reply to: neo96

Can people learn to forgive bad accounting and math? No one is speaking about the fudged Secretary of Treasury 21 trillion black hole anymore in 20 years.
So we all have different gifts and likely the democrats are eating their own young.

You know funny....Donal Trump likes her. Says a whole bunch daylight coming and me want too many bunches o bananas.

Well you can't blame her bright eyes for dreaming.

Walt Disney dreamed too but will Eisner made it a reality like Kroc and McDonald's.

Where is her grandfathering democrats? Or is it Donald J Trump once again who has to bake this cake and ice it too.

a reply to: neo96 That last sentence bothers me. I believe we should take care of those who cannot work but why should we support any one unwilling to work. I've worked some really crappy jobs in my life, as I worked my way up the ladder and some times just hated going to work. I worked hard at whatever I did, and my bosses realized that I was a good employee. I have only been out of the work force for 6 months after child birth. Had to go back to work to support us. Even back in the 70's it took two adults working to keep the family in the middle class.

In this age now, I advise young people to not have children. unless one salary will be enough to keep their life style.
Child care is so high, I do not know how working class people can pay that and have much left.

Anyway can you tell me why I should contribute to anyone who is UNWILLING to work?

At 40K, I paid almost 8,000 in taxes. At 60K, I paid 13,000. I'd LOVE a flat 10%.

The $10 million is just a number. Pick one. But the question remains. At what point does a person earn enough income, to live a luxurious life, before paying a higher tax rate? The other side to this is that a person could still take home billions a year as there is no cap to what a person could earn in a year. It's just that their earnings after a certain threshold would be taxed at a higher rate. Personally, I find it sickening that anyone would defend that a person needs to earn obscene amounts of wealth. Why? Because under our current system the economic inequality is leaving a great number of people with the inability to adequately care for themselves and their family, our infrastructure is crumbling, and the wealthy are essentially running the country according to their will — that's not remotely democratic. I'm not sure why anyone would promote raw and unbridled avarice. Well, maybe unless they belong to the haves.

As a business owner, but no where near paying anyone millions...lets do some math.

ORIGINAL PAY
$20 Million Regular Tax (eg $14 Million after tax @ 30%)
TOTAL PAY: $14 Million

GREEN PAY
$10 Million Regular Tax (eg. $7 Million after tax @ 30%)
$10 Million 70% Tax (eg. $3 Million after tax @70%)
TOTAL PAY: $10 Million

I would offer the employee an updated contract
$10 Million Regular Tax (eg. $7 Million after tax @ 30%)
An awesome car paid for with company money including upkeep, gas, etc
An awesome health care plan.
Free use of the company jet.
Use of the company yatch.
Use of any of the company resort spots
Full internet and cable required by their job for research paid by company, etc.
What ever else I can give the employee...that can be an expense for the company.

Final...in general...the employee would only make $10 Million in cash, but the company would offer a benefits package to make up the difference and NOT PAY the GREEN TAX.

originally posted by: links234
a reply to: neo96

You don't even know how taxes work. How can you whine about anything AOC says?

To hell with 70% we should be shooting for 90% as income inequality is worse now than at any other point in history!

and who's pocket book do you think they will come after next, once the rich leave the country/state? Eventually they will come for yours, better to try and stop it now rather than have an even more uphill fight later.

a reply to: Bluntone22

So if I win a hundred million dollar lottery after they take income tax they will take 70 percent of 90 million dollars so that if my math is right like 63 million dollars. If that's the vase I say throw her under a bus if she wants communism. So much send her arse to venuzela.

a reply to: proteus33

A tax like that would lead to the point where if you make a highest enough amount you will be paying more out than you took in.

I think I'd fall over dead from surprise if anyone here ever actually understood what they're accusing this woman of.

originally posted by: neo96
The moron is at it again. $10 million!

So, a marginal tax rate is if you make more than $10 million in one year --which is a pretty good year-- if you make more than ten million in one year, your ten millionth and one dollar gets taxed at 70%," Ocasio-Cortez explained. "

That means if someone busts their arse for an entire year and gross $10 million 70% belongs to the state, Of course after the state income tax and other taxes are subtracted from it.

"By the way, we used to have marginal tax rates, under Republican presidents of 90%, and it was when we experienced some of the greatest rates of economic growth."

So life is apparently good when this nation was ran by racist and sexist, and misogynist's.

www.realclearpolitics.com...

Seriously WHAT makes this 'persons' opinion more important than anyone elses?

I retort YOU DECIDE.

This chick is way out there.... although no more than Pelosi Schumer Waters and Sanders etc. the thing here is that socialists are using an arbitrary number because they are looking through the lens of relative thinking instead of the wholeness of absolute God abundance.
Did not Jesus say, “ I am come that ye may have life and that more abundantly. “

originally posted by: underwerks
I think I'd fall over dead from surprise if anyone here ever actually understood what they're accusing this woman of.

Says the guy who wants socialism and for the government to run all our lives to the max .

Reply to wrong post.

originally posted by: MountainLaurel

originally posted by: JAY1980
As a sapiosexual she gets more cringe-worthy daily...

At first I found her somewhat attractive. Then she opened her word hole... And continues to prove our educational system is trash. This it what a degree in economics looks like?

No wonder so many collage graduates work at bar's...

LOL.....had to look that up !

Indeed her very being is cringeworthy.

She basically has 3 looks:

1) Wide eyed idiot.
2) Trying to be cute "because I'm just an innocent girl, so believe me".
3) Did I mention wide eyed idiot?

I Guess it's just 2 looks.

a reply to: looneylupinsrevenge

lol, ok

I bet the next reply to this is 'my taxes are high enough already!'

AOC derangement syndrome

Conservatives have become the liberals of 2016. Congrats