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In reply to the discussion: In My View, The Wealthiest Should Pay At Least 90% of Our Taxes. [View all]flamin lib
(14,559 posts)30. Hmmm, appears you're right. I wonder what it looks like when compared to GDP. I'll have a look and
compare income v expenditures as a % of GDP and get back to ya'. I anticipate a different perspective.
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In My View, The Wealthiest Should Pay At Least 90% of Our Taxes. [View all]
grahamhgreen
Aug 2015
OP
Since the military is keeping other countries from taking their wealth away from them
Stargazer99
Aug 2015
#1
The tax rate in the '50 on income over $5 mil was 92% after many brackets below that level.
flamin lib
Aug 2015
#3
Hmmm, appears you're right. I wonder what it looks like when compared to GDP. I'll have a look and
flamin lib
Aug 2015
#30
"Now own more wealth than bottom 90%" does not equal "own 90% of the wealth"
taught_me_patience
Aug 2015
#9
Why tax income instead of wealth? Seems arbitrary to me. In fact, it seems regressive.
grahamhgreen
Aug 2015
#35
Here is the funny thing. I had that conversation once with a Republican and it was great...
stevenleser
Aug 2015
#10
If you read what I wrote, I said income. So no, there was nothing for him to tear me apart on. nt
stevenleser
Aug 2015
#15
Seems to me that wealth is exactly what we should be taxing. Taxing wealth would encourage spending.
grahamhgreen
Aug 2015
#36
Taxes are a mutual investment. If you see them as "punishment" or "theft"
RadiationTherapy
Aug 2015
#43
I suppose. You used the word "punish" which I found to be anti-tax in general.
RadiationTherapy
Aug 2015
#45
My congratulations aren't implying anything except a bit of childish envy on my part.
RadiationTherapy
Aug 2015
#47
The top quintile pays 70% of personal income taxes and receives 50% of personal income
Recursion
Aug 2015
#33
i do not think the govt should ever tax more than 50% while the taxpayer is alive
questionseverything
Aug 2015
#53