Rep. Alexandria Ocasio-Cortez, 14th Congressional District

[Chingwa]

I don't make over 10 million a year, so I'm not worried for my pocket book.  But I don't believe government should have the ability or authority to tax anybody at 70%.  That is absolutely ridiculous.  I don't care how much money someone already has.

[dssjh]

you would have hated America under Eisenhower and Kennedy, then.

[Chingwa]

Well I would've hated the tax policy for sure.  But I wouldn't have hated America.

[JK resident]

Nobody has commented on having a corporate tax rate of 70%. Does anyone think that a corporation that earns over 10 million a year should be taxed at 70%? If not, then what is the correct tax on corporations?

[dssjh]

if you believe corporations are people, as the GOP has stated, they should be taxed exactly the same as other people.

[toddg]

[Chingwa]

if you believe corporations are people, as the GOP has stated

It has nothing to do with belief, nor anyone's political party.  Corporate Personhood is all enshrined in case law unfortunately.  Which might have started out as a fair idea but certainly has not been for a very long time.

[Gordan]

Even Paul Krugman says this is a good idea and he tends to be pretty measured in his evaluations. Basically, most very wealthy people make money off the gains on their investments. Most people don't understand this concept because they are used to getting paid for work they do.

So, only earned income is taxed at 70% and the above 10 million set will still thrive because capitol gains are taxed at a lower rate. Which will probably be targeted in a future republican administration.

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

[Chingwa]

Paul Krugman has been penning happy-go-lucky socialist articles for the last year.  Of course he's on board with this.

As for corporate tax, it would be a great start if our biggest corporations were made to pay even the current tax-rate, instead of getting a a magical free pass that normal people don't.

[N00b]

It’s ...amazing how effective the American dream scam is that all of these people who will never make $10 million a year worry about getting taxed on $10million because they think they can make that *one day* without a basic understanding of how taxes work.

[Chingwa]

What authority does government have to claim 70% of someone's earnings?  You guys hate rich people that much that you think that is OK?  I think it's much more worthwhile to find ways to make government smaller and cheaper, rather than trying to fund an ever expanding bureacracy.

[odyshape]

What authority does government have to claim 70% of someone's earnings?

"The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several States, and without regard to any census or enumeration."
- Amendment XVI, Constitution of United States of America 1789

[Chingwa]

 
Cute, but doesn't address the 70% question.  I could likewise assume based on your post that you believe congress has the authority to levy 100% taxes because of the 16th amendment.

[jh35]

Cute, but doesn't address the 70% question.  I could likewise assume based on your post that you believe congress has the authority to levy 100% taxes because of the 16th amendment.

Chingwa, please read the chart above. Taxes were much higher in the past. Your posts are tiresome and argumentative.

[Chingwa]

I did read the chart and I don't agree that it was OK to levy 70, 80, 90% taxes in the past.  And don't think it's OK to do that now just because it was done previous.  And I don't tell you to stop posting regardless of how I feel about your posts, so please refrain from doing so to me.