Rep. Alexandria Ocasio-Cortez, 14th Congressional District

[frances]

A cautious hope emerges among Alexandria Ocasio-Cortez’s constituents, The Washington Post

https://www.washingtonpost.com/politics/a-cautious-hope-emerges-among-alexandria-ocasio-cortezs-constituents/2019/01/05/ef6d44f4-02fe-11e9-b6a9-0aa5c2fcc9e4_story.html?utm_term=.7122bee92a81

[JK resident]

She will be on 60 minutes tonight. Already her controversial 70% tax rate for a “Green Deal” is making news. https://www.cbsnews.com/news/alexandria-ocasio-cortez-call-me-a-radical-60-minutes/

[dssjh]

she's channeling Eishenhower with those tax rates!

[sl]

She will be on 60 minutes tonight. Already her controversial 70% tax rate for a “Green Deal” is making news. https://www.cbsnews.com/news/alexandria-ocasio-cortez-call-me-a-radical-60-minutes/

Is she out of her mind? 70% ?

[JK resident]

The “tippy top” as she calls the rich would just move out of the country or engage in schemes to avoid a profit. If you could keep just 30% people would engage in massive tax planning to avoid paying.

[the80s]

Interesting column about Ocasio-Cortez's tax proposal:

"The controversy of the moment involves AOC’s advocacy of a tax rate of 70-80 percent on very high incomes, which is obviously crazy, right? I mean, who thinks that makes sense? Only ignorant people like … um, Peter Diamond, Nobel laureate in economics and arguably the world’s leading expert on public finance. And it’s a policy nobody has ever implemented, aside from … the United States, for 35 years after World War II — including the most successful period of economic growth in our history."

https://www.nytimes.com/2019/01/05/opinion/alexandria-ocasio-cortez-tax-policy-dance.html

[dssjh]

yeah, that mass exodus of the wealthy under communist sympathizers Eisenhower and JFK -- who instituted tax rates along those lines -- almost killed America.

[JK resident]

These days even multi billion companies like Google try to avoid paying taxes as was found out. The more money you have the more options to avoid paying taxes you have.

[dssjh]

that's why we need the crushing boot of socialism to stop them. think of it as a wall.

[Dudley]

She will be on 60 minutes tonight. Already her controversial 70% tax rate for a “Green Deal” is making news. https://www.cbsnews.com/news/alexandria-ocasio-cortez-call-me-a-radical-60-minutes/

Check out The Queensboro at 7:57 

[jadasie]

Her 70% marginal tax rate proposal is really quite modest (too modest in my opinion). For those who rake in more than $10 million, only income above that would be taxed at 70%. Anyone who thinks that's a slippery slope to the gulag or Venezuela is a moron.

[JK resident]

Are we also going to tax corporations at 70%? You have to if you follow that logic. Corporations taxed at a very high level will move their headquarters out of the USA. The world is moving to lowering taxes on corporations not raising it. It is a global economy now and no longer a USA economy like in the 1950’s.

[Chingwa]

70% tax rate is exactly what I expected from her, and exactly why I didn't vote for her.

[dssjh]

if you earned $10 million per year - the 70 percent threshold, you wouldn't be living somewhere as low-class as Queens.

[theplanesland]

70% tax rate is exactly what I expected from her, and exactly why I didn't vote for her.

It's not 70% on all your income. It's 70% only on that portion above $10 million after deductions. How much more than $10 million are you making after deductions?