Skip to comments.Alexandria Ocasio-Cortez Plans Bill to Boost Top Individual Tax Rate to 59%
Posted on 11/15/2019 11:29:26 AM PST by karpov
No excerpt from Bloomberg allowed, story here. She wants a 59% top income tax rate and to tax unrealized capital gains yearly, including real estate and business holdings.
And it still gets them no were near enough money to fund their globalist collectivist spending dreams
AOC . The Mad Hatter Taxer.
Welcome to the United Socialist States of America!( sarc.)
Finally we will be at one with Kooba and Beneswailah!
I do not believe AOC even has a bunny hole.
Stealing is still immoral, even if you pass a law allowing you to wallow in envy. Socialists are evil, and they disgust me.
Red meat for the leftist base. It’s going nowhere at the speed of light. And in any case, taxes on unrealized capital gains is just code for a property tax which, is a direct tax that would trigger the apportionment clause in the constitution.
Ya know you can actually put the link in the URL.
Does this apply to Biden corruption money?
Wealthy Democrats just gave a collective gasp.
Doesn’t matter. The left is all about incremental takeover of our lives, and their plan is working better than anything conservatives have offered (in results, not in theory).
Printed in Crayon ?
That’s exactly what the founding fathers envisioned, right?
To think the DEMs will have no choice but to prop up this nutjob in 2020. Secretly, though, they probably want her around.
now is the time to eliminate the federal income tax!
(which was ‘sold’ to the American public on false pretenses, that “no working person will ever have to pay as much as a single dime in the new federal income tax!”
it was sold on the basis of “going after the rich robber barons” (top 1%)... specifically the owners of steel mills, railroads, and banks
(also there was no withholding! that was sold to the American people as a necessary TEMPORARY ww2 wartime measure to speed up cashflow collections for the re-arming effort. Withholding was supposed to end after ww2)
let the D’s finish f***ing themselves with their phony ‘impeachment’ circus........ let’s push NOW to get rid of this accused federal income tax (which only enables the Commie/D’s to screw us with our own $$$, anyway).
“Tax unrealized Capital Gains in Real Estate ect.”
How would that work exactly, would you need to sell the property to pay the tax? Great plan.
“Printed in Crayon ?”
AOCrazy, Government Spokesperson.
It'd be a bigger economic collapse than in 2008, and it would likely begin even before Warren or Sanders even took office. Their election alone would be enough to trigger it.
Yes, one set of rules for everyone. Just imagine how the money would flow into the government coffers if interest was not deductible for everyone, real and fictional people alike. Imagine if every one of us could take a depreciation deduction on capital purchases like homes and cars. And so on.
I tried to do some google research. From the best I can tell, no developed country has a tax on unrealized capital gains.
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