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pnwmom

(110,233 posts)

46. It could hurt the Democratic party if this were twisted into the idea that the Democrats

Tue May 26, 2015, 06:33 PM

May 2015

were trying to punish success -- rather than to expect those who benefit most to be taxed the most.

And if the Democrats were to lose because this idea were to be twisted and used against them, then the whole country would be hurt.

So he needs to be very specific about who he thinks should be taxed at that rate -- and at other rates that are higher than the highest now.

He also needs to keep in mind that many voters don't really understand the concept of "marginal tax rate." And the media is unlikely to help by explaining it every time.

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Bernie Sanders Would Tax The Income Of The Wealthiest Americans At 90 Percent [View all] oberliner May 2015 OP

Speak it Bernie Go Vols May 2015 #1

So would I. Coventina May 2015 #2

It worked OK back in the Ike Age hifiguy May 2015 #3

as much as i like Bernie...this was stupid backwoodsbob May 2015 #6

45% NaturalHigh May 2015 #30

I see it differently salib May 2015 #58

Uhm... kenfrequed May 2015 #82

In the 1950s DFW May 2015 #95

So what are they going to do, eat their dollars? davekriss May 2015 #103

A guy I know back home had a better solution DFW May 2015 #107

For every good rich person... davekriss May 2015 #108

Odd that Eisenhower would be considered a communist by the standard of today's GOP LanternWaste May 2015 #11

The Birchers did call him one... JHB May 2015 #20

Even better would be to emphasize the change in distribution JHB May 2015 #19

So you are telling me GummyBearz May 2015 #4

If the top tax rate was 90% what would upaloopa May 2015 #5

Infrastructure - feed the hungry - house the homeless - free college - etc. lame54 May 2015 #7

probably the wealthy would invest and spend more of their money CreekDog May 2015 #13

The 90% would be on earned income. upaloopa May 2015 #18

Tax all income regardless of source at same rate. Kill off that game on point May 2015 #84

Catch up to the rest of the world... SomethingFishy May 2015 #17

The federal government is currently very flawed. NCTraveler May 2015 #85

I have to agree Scootaloo May 2015 #101

Universal healthcare, free higher education abelenkpe May 2015 #43

Pay for W's wars. jwirr May 2015 #50

Ouch. Isn't there a better way to get tax income. Gregorian May 2015 #8

I'm all for a progressive income tax SickOfTheOnePct May 2015 #14

It is a marginal rate tk2kewl May 2015 #35

I understand that SickOfTheOnePct May 2015 #36

If you are sick of the one percent salib May 2015 #59

And I think it's immoral to take 90% SickOfTheOnePct May 2015 #93

Why is 90 percent "immoral" and 70 percent fine? oberliner May 2015 #96

"Earn it" salib May 2015 #104

Yes, there is a better way. Raise the top capital gains tax rate moderately. DanTex May 2015 #97

We don't need 90% instantly. Orsino May 2015 #111

I applaud the position, but the headline overstates. morningfog May 2015 #9

Thanks. That's true. I fell for it. Gregorian May 2015 #16

I would hope he would try oberliner May 2015 #73

Calling the "lone wolf" assassin! Human101948 May 2015 #10

Bullshit headline. He said he didnt think it was too high... bunnies May 2015 #12

Yup. closeupready May 2015 #32

Wouldnt surprise me. bunnies May 2015 #34

Think Progress is pushing Hilary? oberliner May 2015 #41

Bernie is smart enough to know.... MaggieD May 2015 #15

Because that is not actually the truth. It's just rhetoric you are using. Bluenorthwest May 2015 #21

It is actually the truth MaggieD May 2015 #23

This sounds like faith-based tax policy. salib May 2015 #60

Sounds more like tin foil to me. Erich Bloodaxe BSN May 2015 #78

Yep. salib May 2015 #105

It's sort of the truth. The problem isn't "loopholes", it's capital gains. DanTex May 2015 #100

Eh... kenfrequed May 2015 #27

how much of the Rich income is exempt from any tax? Sheepshank May 2015 #22

Bingo MaggieD May 2015 #24

Yes, close the loopholes TexasMommaWithAHat May 2015 #44

Loopholes are important, but not the real point of a near 100% top marginal tax rate. salib May 2015 #61

It's not so much income oberliner May 2015 #74

But if the billionaires were taxed at an appropriate rate guillaumeb May 2015 #25

That they CAN spend billions on buying politicians is evidence that their tax rates are too low. smokey nj May 2015 #39

I wish that more Democrats would get it. guillaumeb May 2015 #55

There is a difference in terminology here kenfrequed May 2015 #26

Kudos to him for honestly stating his opinion of what the top tax rate should be. Nye Bevan May 2015 #28

No one ever explains what this 90% means. I think back in the 50s it was the earnings OVER valerief May 2015 #29

Devil is in the details, the details are omitted n/t Sheepshank May 2015 #89

I sure hope we could do that shenmue May 2015 #31

That would be the MARGINAL tax rate. It only kicks in beyond a certain point. nt tblue37 May 2015 #33

But I think it helps if pols *always* explain what's meant by marginal. Many people think all valerief May 2015 #94

That's for sure. In fact, I 'd bet money that many, perhaps even most, reporters who write tblue37 May 2015 #106

Damn, I would hope reporters are smarter than that...but then there's no such valerief May 2015 #109

I see little evidence of "smarter than that" among most MSM transcriptionists. nt tblue37 May 2015 #110

The question is -- at what level would the top rate kick in? pnwmom May 2015 #37

Exactly! This could end up hurting moderately successful Democrats as well as the Billionaires. beaglelover May 2015 #38

It could hurt the Democratic party if this were twisted into the idea that the Democrats pnwmom May 2015 #46

That headline wont play well with the ignorant masses DCBob May 2015 #40

exactly - they'll only see "Sanders will tax you at 90%" 0rganism May 2015 #42

They should read the whole article oberliner May 2015 #45

People should do lots of things FrodosPet May 2015 #52

They wont. DCBob May 2015 #70

Too low. It should be 100% like FDR tried in 1942. He compromised and got a 94% top tax rate. Cheese Sandwich May 2015 #47

Eisenhower was paying for the Korean War. W put the bill on the credit card. It is time to pay for jwirr May 2015 #48

He also built the interstate highway system which literally paved the way for American growth. gordianot May 2015 #53

"Paved the way" oberliner May 2015 #75

To be accurate, LWolf May 2015 #49

It's Been Done Before... Worked Rather Well Too... WillyT May 2015 #51

The Reagan Revolution oberliner May 2015 #63

Probably Not...When Most In Congress Are Millionaires... WillyT May 2015 #64

Supreme Court too oberliner May 2015 #65

Seeing how they've gotten 99% of the loot from 34 years of Reaganomics, yeah. Octafish May 2015 #54

And the rich would still have far more than they could ever spend. 99Forever May 2015 #56

read what you just posted madokie May 2015 #57

The article is supportive of Sanders oberliner May 2015 #62

Disingenous headline... He didn't say that would be the amount he would like to see the ChisolmTrailDem May 2015 #66

He brought up that amount in the interview oberliner May 2015 #67

Its a bullshit post linking to a bullshit story madokie May 2015 #68

What the heck are you talking about? oberliner May 2015 #69

I don't give a flying fuck if it came our of DOG's ass madokie May 2015 #71

I don't understand why you think this oberliner May 2015 #72

Its a bullshit article by a bullshit artist madokie May 2015 #76

Bryce Covert is the Economic Policy Editor for ThinkProgress oberliner May 2015 #79

pointing out a bullshit article madokie May 2015 #81

I don't know what you mean by that phrase oberliner May 2015 #86

MARGINAL TAX RATE kenfrequed May 2015 #83

Of course oberliner May 2015 #87

Agreed kenfrequed May 2015 #88

It's a fair point oberliner May 2015 #90

Exactly. kenfrequed May 2015 #92

Well, it's a start. Erich Bloodaxe BSN May 2015 #77

Exactly oberliner May 2015 #80

K&R yuiyoshida May 2015 #91

Good. n/t PowerToThePeople May 2015 #98

A more realistic and better thing to do would be to moderately raise capital gains taxes. DanTex May 2015 #99

JFK thought it was too high. n/t hughee99 May 2015 #102