General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsIt is time to tax the wealthy 90 per cent again to pay for the new war
leftstreet
(40,383 posts)and stuff like schools and such
lastlib
(28,145 posts)It is time to REBUILD -- as Pres. Joe said, "BUILD BACK BETTER!" The wealthy have had the breaks the past 45 years, it's time they PAID IT BACK!
AllaN01Bear
(29,324 posts)Whyisthisstillclose
(645 posts)pwb
(12,634 posts)But the wealth class has to make money at every turn no matter.
ProfessorGAC
(76,578 posts)Almost nobody paid 90%. There were so many deductions & shelters.
That's why Kennedy lowered the maximum rate but amended the dodges so the effective tax rate went up.
The magical 90% thing is a canard, because so few people paid at that rate rendered it almost moot.
There were people who earned at the 90% rate, but paid more like 50%, maybe 60%.
MineralMan
(151,154 posts)The very wealthy don't have "income" as we all think of it. They have "assets." Income gets taxed. Assets don't, as a rule.
HarborMaster
(7 posts)That the rich should pay for wars they profit from (and virtually never send their kids to fight/die in) should be a given. How did things ever become so unbalanced and unfair?
multigraincracker
(37,516 posts)No paycheck to monitor, just wealth. Tax wealth not income.
Iggo
(49,896 posts)To pay for everything in this country that makes them rich.
biocube
(207 posts)they never think about what the top marginal tax rates were back then.
Ferrets are Cool
(22,907 posts)If you can't make ends meet on one billion a year, maybe you should get a better coodinator.
PeaceWave
(3,266 posts)That, I don't get.