>LAST EDITED ON Jan-09-19
>AT 01:26?AM (MST)
>
>It's hilarious that ultra-conservative stances on
>debt and financial responsibility are
>shunned when they come out
>of the mouth of a
>Democrat or Independent.
>
>First, it was (D) Julian Castro
>who mentioned 90%, he was
>only agreeing with Cortez who
>believe a marginal tax rate
>of 70% should be placed
>on the earners of income
>over $10 million.
>
>Think about that all you "entrepreneurs",
>this is after you have
>come up with every hair-brained
>idea to write off you
>gas, car, phone, clothes, travel,
>food, or gifts. So let
>us not BS ourselves, this
>is after, the after, this
>is when you have a
>crew of tax attorneys having
>multiple corporate shelters, moving money
>through 10-31 transfers, constantly deferring,...after
>that, then everything that's left,
>everything you could not defer
>or expense prior to Dec.
>31st over $10 million will
>be taxed.
>
>Eisenhower's administration gave us a 90%
>marginal tax rate over 1
>million, yet he had low
>unemployment..why? People would rather expense
>that money by hiring labor,
>buying equipment, investing in Tax
>Shelters which can offset their
>tax burden and yield them
>more money.
>
>I get it though, why should
>the generation that borrowed all
>that money, that benefited from
>it and elected all those
>politicians and re-elected them, why
>should those in 1%ers have
>to pay any of it
>back?
>
>I do think it is time,
>sorry but if your army
>of CPAs cannot figure out
>how to expense or shelter
>anything over $10 million, yeah,
>you need to pay up,
>you don't need another friggen
>tax break. Time to take
>away the tax code sheltering
>Hedge Fund Managers too.
>
>Nothing changes for those under earning
>under $10 million, hell you
>could even lower their current
>marginal tax rate of 24-37%
>for middle to high income
>earners, you know, us, the
>people that do the work.
>
>
>Our kids fight and die to
>protect global shipping lanes and
>while maintaining stability in our
>country which invites foreign investment.
>Tax payers fight and die
>for the ability for a
>few folks to make unimaginable
>amounts of money. You have
>a choice, expense it on
>expansion, equipment, or labor by
>Dec 31st or pay the
>tax, what do you think
>most corporation/shareholders will do?
>
>There was a reason people Liked
>Ike....check him out, what world
>do you want to live
>in? Eisenhower is more than
>a face on a dime,
>a great man, a great
>American, a great Republican, a
>great Leader.
>
>I would highly recommend any self-respecting
>Republican to listen to the
>following Eisenhower Speeches. "Cross of
>Iron", "Chance for Peace" and
>"Farewell".
>
>His marginal tax rate..90%.
>
>
I truly believe EVERY American should lose withholding. When you scratch a check every quarter to pay taxes, you get a whole different view.
Like Brian, I ain't in that class. BUT, until you get to enjoy income tax, quarterlies, and then a lovely little gem called inventory tax, you know nothing.
I am a corporate president. Every damn day, including Sunday. My phone is never off. Buisness is never closed. I don't get paid holidays, insurance, etc.
You damn straight I'm avoiding as much tax as I can. Better than 50% of the "people who actually work" pay ZERO. If its so damn easy to incorporate and just take in millions, why haven't you done it? Because its not.
You and Bernie and aoc say "ten million dollars...." Its none of your damn Buisness. Zero. No one owes 90% of their life force to anyone, especially some politician.
Like I said. Get off your azz, go get incorporated. Go buy equipment, pay sells tax, then pay inventory tax on it(double taxation), then leave it in your estate and get taxed AGAIN(triple taxation).
Last, 90% at $10mil? Want to bet on How many $9.99999999 millionaires their will be?
"Actual working people", ill laugh at that all day as this corporate president/CEO hangs sheetrock for 10 hours, then spends the night getting all my paper ready to go visit the cap. Thsts if the 02 truck I keep "writing off" doesn't break down.
I'm sure the gov with help mechanic on it so I can go pull billions again tom.
From the party of HUNTIN, FISHIN, PUBLIC LAND.