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In reply to the discussion: "Name a Country Where 70% Tax Worked" [View all]Calista241
(5,586 posts)16. A lot of CEO's are of the age to take social security.
And lots of options are exercised by an estate for people that are in that age range. There's always going to be ways to game the system. It's a hard question, with no easy answers.
It just irks me that people are like "tax them at 70% or 90%" as if that solves all our problems.
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"Marginal" wasn't mentioned originally (when Dell was told at once the US had the rate up to 1980)
muriel_volestrangler
Mar 2021
#31
We worship rich guys and pretend they know about things they have no idea about
Johnny2X2X
Mar 2021
#47
Your 2016 stats were rendered irrelevant by Trump's 2017 tax cuts for the rich.
SunSeeker
Mar 2021
#53
Yup. Payroll taxes, sales taxes, utility/use fees, etc. are how the poor get soaked with taxes.
SunSeeker
Mar 2021
#51
So tax capital gains at the same marginal rates that person would have for income
muriel_volestrangler
Mar 2021
#35
The following companies had effective rates of 0% or less, according to the report:
UpInArms
Mar 2021
#30
It depends on how one defines "worked." And Republicans have a different definition.
Beartracks
Mar 2021
#63