We need to raise income tax rates on the rich to 91% again. Rich people need to pay more taxes

We need to raise income tax rates on the rich to 91% again. Rich people need to pay more taxes.

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mobile.nytimes.com/2016/05/01/business/one-top-taxpayer-moved-and-new-jersey-shuddered.html
taxfoundation.org/sites/default/files/docs/fed_individual_rate_history_nominal.pdf
whitehouse.gov/sites/default/files/omb/budget/fy2017/assets/hist01z3.xls
marketwatch.com/story/45-of-americans-pay-no-federal-income-tax-2016-02-24
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But then they'll just move somewhere else.

Why? According to The Laffer Curve if you tax over roughly between 31-35% the government will take in less money that it will get. Moreover during Ike's 91% rich tax years the majority of said rich decided to hide their wealth in investment properties and other lower taxed areas.

This happened under fdr for a short time. Didn't go well and the senate had to repeal it.

That never happened.

Taxation is theft.

Nobody ever paid those rates, either

mobile.nytimes.com/2016/05/01/business/one-top-taxpayer-moved-and-new-jersey-shuddered.html

BOOM ROASTED

Why?

Which is why a global wealth tax is needed.

I think income taxes are about fine where they are now desu. We should cut corporate taxes though.

Everyone should pay the same dollar amount of tax.

You're not lazy you're fucking useless. You can prod a lazy sack of shit. You're worse than a sack of shit. I bet the shit smells better than you most days too.

>not knowing that there were more tax "loop holes" in the 1950's than there is today
Same story, different decade. The vast majority of the top earners then didn't pay 91%.

Counterpoint OP, how about we change the tax code ya fucking forum sliding ass

Rich people will stay just a rich because their accountants are really damn good.

>Rich people need to pay more taxes.
They already do you lazy piece of shit.
This is how you drive people out of your country.

This imo. An opt in fee for society. From basic ems to road access to garbage pick up all the way to an elite package. Rich people take more vacations anyway. Why should they pay if they aren't around? Poor people are literally the devil because of all their drugs and stuff

found the paki globalist

>live in 0% income tax
>get robbed
>dial 911/112
>"this number doesn t exist"

Enjoy

THIS IS A SLIDE THREAD, SAGE IT

More like get rid of the means to write off business expenses and hide money offshore.

Make it a Fine if they dont pay up.

Not to mention that the top income bracket back then was equivalent to tens of millions of dollars.
These retards want to tax people making 150k at 91%.
Yeah real good for the middle class

Why? Will that extra tax money go in your pocket?
No. It's just more money the government can waste.

>We need to raise income tax rates on the rich to 91%

>91% tax rate
>slavery

You realize we use a marginal tax rate system right? Only income earned beyond a certain point is taxed at that rate. Furthermore, that's the tax on income. Many of the rich earn their wealth through passive income by way of investing. These investments are taxed at a much lower rate. During the 1950's government revenue as a percentage of GDP was similar to what it is now.

91% was the base tax rate, retard.

This is like taking a business that made 100 million and spend 99 million and saying it had a net revenue of 100 million rather than 1 million.

And who collects this global tax?

OP,

Go look up official government statistics for tax revenue during that period of time. You will find that nobody fucking paid those taxes. I looked this up years ago responding to a dumb leftist such as yourself.

The laffer curve is a real thing.

Look at how private police are operating in Detroit and say that again.
Protip
They provide free service to low income areas due to the amount of profits they make in more affluent areas. This is on top of thewe people being forced to pay taxes going to a police force that isn't even providing service to tueee dangerous areas of Detroit for less money.

Sorry your strawman isn't represented in reality.

LOOK

Why would you employee people if you arent allowed to keep the money you work for?

UN President Mr. Barrack Obama
>please remember to sage

Not to mention income taxation disproportionately taxes working people no matter their wealth.
The only way America would go abive that 19% rate is if we do what the Nordic countries do and that is shit on the middle class and working upperclass by taxation.

Not an argument.

The world socialist republic. But until that time just cracking down on tax havens and eliminating loopholes will do.

They won't save you anyway.

>The world socialist republic
I for ine can't wait for the world to collapse and billions starve due to idiotic religious zealo I mean socialist

why do rich people need to pay more taxes though

i can smell the curry from the words you type. have you realized you are cancer yet? or just enjoying the last few years before the britain civil war that exterminates your kind?

Can I ask why people think we need so much more money in the governments tax pot?

How can you get your shipment of Dragon Dildoes if there's no roads for the trucks to drive on?

>Rich people need to pay more taxes.
>Implying that doesn't just awlays apply to the middle class.
>Implying that isn't one of the steps towards communism.
Sage

I looked up "private police Detroit" and got nothing. Nice try

ITT: People who don't understand exactly how much money the super wealthy have accumulated over the past few decades (hint- it's unprecedented)

>waaah they earn more than me tax them at 100% its not fair waaah

...

Your mom's pussy is unprecedented

You're fucking retarded my man for defending these kikes. If you think you're going to be as rich as they are and that's why you're defending them then you're wrong buddy

Brain drain too. You incentivize production to leave the country they'll leave the country.

Kinda like how china has all the jobs our poor could be doing if it weren't for unions/min wage.

What good would taking their money do?
1) They'll move and take their business and jobs with them
2) The government needs smarter systems and spending not more money t waste
3) Would lead to more welfare
4) They'll just find a way out of it, hard working middle class will be hit harder and the lower class will be the same as always

>>thinking rich pay income tax

Not understanding the difference between income and capital gains.

>Europe literally under enemy occupation

The rich had nowhere to go

bullshit there isnt $32 tril dollars american in the world. go look up M0 and current estimates for how much money there is in the entire world done by central banks

>you're fucking retarded for defending freedom

fucking kys

I don't care how much money someone has, taxation is theft regardless.

Rich don't move and take jobs with them, that's retarded. Obviously a pleb who doesn't own his own business.

The world already produces enough food to feed over 8 billion people, nobody will starve unless they're a classcuck.

They would invest in offshore even more

Getting the food to those 8 billion before it spoils and at a profit is a problem though.

>and at a profit

Precisely the problem, it's not profitable and would disrupt the global balance of power so capitalists won't allow it. "he who feeds you controls you"

It costs money, time, manpower and a lot of engineering logistics to move a factory to China. Western governments have been giving tax payer money to these corporations (in various ways) to unofficially subsidize these costs, further these governments have dropped trade barriers which previously prevented the economical trade between these 2 parties. Quit being a cuck pleb, get educated about how business works dipshit.

Except they do and have for the entirety of post industrial revolution history.

Thats why menial labor jobs all go to pooristan. That's why many scientiests and entrepreneurs from nazi Germany and USSR came here befure WWII/during cold war.

20% flat tax rate for everyone no matter their income you dumb little fucking nigger socialist fuck.

Building a factory in China or being taxed 91%. Think building a factory would be cheaper.

For example, to do business in Qatar (and most middle eastern governments) as well as in China, you have to give a majority shareholder arrangement to these governments. In the case of Qatar, it's 75% ownership to the government, in the case of China I believe it's 5-10 in most cases. Either way, you still pay taxes on top of this. So these governments get 75% of your profits and then tax on top of that. This is waaaaaaaaay more than the tax rate in the US

Dale Brown of Threat Management Center shits all over your shilling attempt

So let the poor people starve. Not my problem, really.
I don't quite care how much money I have. I have enough money to afford amenities. I have a garden. It's not hard to hunt or fish. Labour standards are weak in first world countries. Show up on time and remain obedient. If you can't do those don't ask for handouts, you're genetically inferior. My beef is people trying to take the fruits of others. If my dad gave me an apple seed am I obligated to share when I get apples? No. Fuck off

> we need to tax income

Replace income tax for national sales tax, essential items like food excluded.

The rich spend more on luxuries thus it is a fair tax.

We must abolish income tax for it is a scheme of the wealthy donor class who pay no taxes due to tax code loopholes.

>it's fair to give everybody nice things
Get a fucking job hoser

Right but if the avg American factory worker costs 3000/month vs a Chinese worker who I can pay 100/month, it doesn't matter because a) income tax is on an individual not on the company but b) you can hide your "income" through an entity called an S-corp.

the richest people aren't the most productive. the richest people are parasitic financial jews, corrupt political-donor corporate executives and degenerate media whores.

Nah, we need foreigners to pay. Tariffs now!

What I'm saying is, income tax doesn't affect a businesses bottom line and therefore isn't something which will "drive away" the wealthy. Corporate tax does (sort of).

This.

Remove income taxation and introduce wealth taxation. Putting a wealth tax at 2.5% a year would men that and individual would continually increase their wealth for 40 years if their income remained the same. It also reduces the tax burden on the young enabling earlier family creation.

Kill yourself

Replacing a fixed income tax system with a flat tax on spending gives free shit to who?

Stop thinking like a nigger

China has labor union problems too nowadays. They only got so many workers before was because they were so impoverished the few cents a day they got was worth it just so they wouldn't starve. Once quality of life started improving workers in China began to collectivize. There's a lot of crackdown, but I wouldn't blame the unions in the US for us losing those jobs. You can't compete with extreme poverty in wages.

Not defending OP's tax rate, I think that's ridiculous. I don't think the Laffer curve is a hard and fast rule unless someone can show me some strong statistical evidence, I think we could get away with 40-45% on very high brackets (if we made a new, higher one). But we should also be reorganizing our budget so more of that tax money gets spent on infrastructure improvements that would be a net economic benefit.

i m sure everyone will feel like busting their asses off and inventing stuff for the masses to be eventually taxed so much to make somewhat more than some shitty politican

i m sure socialism le works xd

...

The amount of money people spend on essentials doesn't really change, everyone consumes roughly the same amount.

A direct tax on essential items would hurt those with lower income the most, as they have to spend more money on essentials living them with less money for other things.

Not an argument.

>We need to raise income tax rates on the rich to 91% again
For what purpose?

taxfoundation.org/sites/default/files/docs/fed_individual_rate_history_nominal.pdf
whitehouse.gov/sites/default/files/omb/budget/fy2017/assets/hist01z3.xls

I had a guy i work with say he likes paying taxes. Gets more thinga back. Thats bullshit. Too much beauracracy. Yearly taxes should be a lump sum. Country, state, city. Want your kid to go to barebones public school? Couple hundred bucks, privates more. Want to dump your garbage yourself? 20$, 50 if you head down the road and pay for a whiskey and have the kids clean your truck out for you. Don't like gum on your bench? Park down the street has an entrance fee but no niggers, fair deal if you ask me

we should raise the estate tax

t. inherited $3 million and would have been fine with $2 million

That why you don't tax milk or toilet paper, plus you can use that to sell your plan to the peasants who will be bombarded with pro-income tax propaganda from the 1% who currently pay nothing.

>wealth tax
You mean tax what's left?

why not 98%? fuck them

Essensially extorting pensions and higher-than-practical wages and benefits ain't great for the bottom line.

I'm not saying unions are entirely at fault, but their days of usefulness ended once companies became liable for the injuries/deaths of their workers in the US.

Donate a million to charity if you're such a fucking bitch then Jesus Christ
Tax people for being poor then. If you want to pay more fucking do it. I dare you poor people. Give your whole check to me and I'll spit on you in return

tax billionaires out of existence and throw them into hot lava

>conflating anarchy and a representitive democratic-republic that's been reduced to its primary functions of law&order and national defense

I shiggery diggery do.

Ass blasted nigger detected. Get a job

>muh 1% pay nothing

The top 1% of Americans, who have an average income of more than $2.1 million, pay 43.6% of all the federal individual income tax in the U.S

>chink detected

we dont need your peoples shitty products we can build our own goods

>We need to raise income tax rates on the rich to 91% again. Rich people need to pay more taxes.


No one paid 91%. You are an idiot if you think otherwise

The richest people don't make an "income" that is taxable. They have things like capital gains tax, which is around 15-20%. But they usually have enough "loses" too and other shit they do to get tax breaks.

Like building a company in the ghetto, that's a big tax break. Hire minorities, that's another tax break. Donate anything with any given value you give it, that's a tax break.

agree. its the .10% that need to pay more

Where did you get 2.1 million? Google gave a forbes article that says $717000

marketwatch.com/story/45-of-americans-pay-no-federal-income-tax-2016-02-24

>Rich people pay 69% of all federal taxes in America

You've never built shit in your life you fucking swine. I'm not rich but I damn well don't hate them. They're giving me money to live. I've been planning for a year what I'm going to execute in a year and a half with their money. Make my own. I don't plan on being as rich as the guy that owns the company. Id just like to continue a virtuous handout free life on my own accord.

cap income at $4 million a year

all excess goes to infrastructure

anyone trying to use loopholes and tax havens sentenced to death

nuke any country that doesnt comply

this is the real new world order