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Wasn't quite sure whether to post this here or in the Brexit thread or where, but anyway...
It is also only for the bracket. If the bracket for 70% started at, oh, 10 million and you made $10,000,001 only $1 would be taxed at the 70% level. If that, the people at that level constantly move their money around to different tax shelters so would be able to avoid that bracket if at all possible.Nobody is talking about 100% tax, and the 70% is only for the mega-wealthy.
3) On taxes: "They want to take our wealth and give it away. They want to tax people not 70%, it's 100%, because what they want to do, you'd have to quadruple taxes."
Which is misleading in another way. REVENUE is taxed, not wealth. If you have $10mil, that's (presumably) post-taxed wealth. The IRS doesn't get its pound of flesh unless you buy stuff, sell stuff, get dividends, interest or some other form of profit.
This whole notion of 'wealth redistribution' is utter bunk.
The whole thing started when Trump accused Russia of not a taking chill pill and violating the Intermediate-Range Nuclear Forces treaty with, like total ‘impunity’. Who thought Trump could get anymore Ronald Reagan after that totally bitchin irresponsible income tax cut, but he found a way!
This is just the latest of some real throwback style moves by President Trump including denying gay people rights, extending the draconian war on drugs, and meddling in the internal affairs of a South American nation purely because he heard the word socialism. All this and the Rams back in Los Angeles, Gnarly!
https://www.washingtonpost.com/politics/federal-prosecutors-issue-sweeping-subpoena-for-documents-from-trump-inaugural-committee-a-sign-of-a-deepening-criminal-probe/2019/02/04/b6382642-28e5-11e9-8eef-0d74f4bf0295_story.html?utm_term=.a280ea4956fdFederal prosecutors in New York on Monday delivered a sweeping request for documents related to donations and spending by President Trump’s inaugural committee, a sign of a deepening criminal investigation.
A wide-ranging subpoena served on the inaugural committee Monday seeks an array of documents, including all information related to inaugural donors, vendors, contractors, bank accounts of the inaugural committee and any information related to foreign contributors to the committee, according to a copy reviewed by The Washington Post.
Only U.S. citizens and legal residents can legally donate to a committee established to finance presidential inaugural festivities.
David Wohl is a Trump Kool-Aid guzzler without a genuine thought in his head.
And it goes on down the thread with some deranged innumeracy. And mockery of said deranged innumeracy.
I DVR'd it, as I had to leave for class right around when it was scheduled to start. I just turned it on now. We'll see if I manage to avoid throwing something at the TV. Maybe I should find an old CRT model to watch Trump's speeches on, as they survive things thrown at it much better than LCD sets.Fortunately the tivo did not decide to record it. A couple of tuners are on news channels but that is pretty normal so just watching a movie.
From what I heard he came pretty close! For example, he actually took credit for so many women in congress. Not pointing out that most of them are Ds who ran on a plank of opposing him.By any chance, do The Orange One's pants spontaneously combust at any point of time during this address?
Well, but then, I suppose he can take credit for it? Because they got elected because so many people hate him, loathe him, or just think he's entirely unsuited.From what I heard he came pretty close! For example, he actually took credit for so many women in congress. Not pointing out that most of them are Ds who ran on a plank of opposing him.