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To: AnotherUnixGeek

Not defending it...but this is the marginal tax rate, not a tax on every dollar someone earns. For example, it might be 90% over anything over 1M dollars earned or whatever the govt. decides the figure would be.


33 posted on 01/06/2019 7:58:06 PM PST by Signalman
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To: Signalman

“Not defending it...but this is the marginal tax rate, not a tax on every dollar someone earns. For example, it might be 90% over anything over 1M dollars earned or whatever the govt. decides the figure would be.”

Yes, but these liberals think it means the top earners paid 90% of their income.


48 posted on 01/06/2019 8:41:01 PM PST by ifinnegan (Democrats kill babies and harvest their organs to sell)
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To: Signalman
Not defending it...but this is the marginal tax rate, not a tax on every dollar someone earns. For example, it might be 90% over anything over 1M dollars earned or whatever the govt. decides the figure would be.

The problem is that many wealth and job creators would see most of their income subjected to this tax level. Many of the people making over this threshold do so because they generate wealth - where is the financial incentive for such people to take financial risks and engage in ventures to create gainful employment for others if they know that if they succeed, most of their personal income will be confiscated at a 90% level?
56 posted on 01/06/2019 9:21:20 PM PST by AnotherUnixGeek
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To: Signalman

I’m pretty sure everyone knows that, except for someone that never had any income to pay taxes on.


58 posted on 01/06/2019 9:27:56 PM PST by Rusty0604
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