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Blanks

(4,835 posts)

21. You don't pay 90% on the entire income.

Reply to gateley (Reply #18)

Tue Nov 13, 2012, 11:29 PM

Nov 2012

Only on the income over that amount. We need to go back to the tax rates we had during the Eisenhower administration. Top marginal tax rate of 91%.

Adjusted for inflation obviously, but the high tax rates discourage hoarding money.

We aren't going to get there in the next four years, but that is only because so many right-wingers need to understand that we once had a 91% tax bracket and it coincided with a period of excellent economic growth.

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23 replies

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Highlight:

"I'm not going to budge".. President Obama [View all] kentuck Nov 2012 OP

Awesome! Just like with the Public Option leftstreet Nov 2012 #1

And the 4th Amendment? villager Nov 2012 #3

Reasons to be cheerful? leveymg Nov 2012 #2

So long as he doesn't trade cuts to Social Programs to 'budge them' with. sabrina 1 Nov 2012 #4

Amen Liberalynn Nov 2012 #5

Or put all his chips on the table with the first bet. leveymg Nov 2012 #7

Exactly... that's what's making me nervous. (n/t) WorseBeforeBetter Nov 2012 #20

Buried 12 paragraphs in: Poll_Blind Nov 2012 #6

I'm okay with the half-or-one mil. I actually thought $1 mil would be easier to gateley Nov 2012 #13

It needs to go up again at half-million... Blanks Nov 2012 #15

I don't think anybody should have to pay 90%. gateley Nov 2012 #18

You don't pay 90% on the entire income. Blanks Nov 2012 #21

That seems more palatable. I didn't realize that it was just over a certain amount. When I'd gateley Nov 2012 #22

You know only about 15 percent of all households in America Autumn Nov 2012 #17

Schumer has Wall Street as his constituants, so he is for higher limits, he is not worried about julian09 Nov 2012 #14

One question ... 1StrongBlackMan Nov 2012 #8

Why wait?? kentuck Nov 2012 #9

exactly, wait til the new and more liberal congress is sworn in. weak to negotiate now nt msongs Nov 2012 #10

I disagree ... 1StrongBlackMan Nov 2012 #11

I hope this is the final position of the President. kentuck Nov 2012 #19

I doubt ... 1StrongBlackMan Nov 2012 #23

Of course. Cha Nov 2012 #12

Hell yes, take it to those bastards Autumn Nov 2012 #16