- 37 percent on income between $250,000 and $500,000.
- 43 percent on income between $500,000 and $2 million.
- 48 percent on income between $2 million and $10 million. (In 2013, only 113,000 households, the top 0.08 percent of taxpayers, had income between $2 million and $10 million.)
- 52 percent on income above $10 million. (In 2013, only 13,000 households, just 0.01 percent of taxpayers, had income exceeding $10 million.)
But that’s not the end. Oh no.
Here are the other ways he will extract as much money as possible from Americans.
His stupidity is exceeded only by the stupidity of his stoned followers.
If it works for health care, why not tax those who don’t work.
So what if it’s 5 bucks a week, make them pay up.
Also food rations for welfare. Bread, cheese peanut butter. After the leaches get tired of the meager diet, they can find a job to supplement their grocery cart.
Call it the Fare Tax
My income is ~87,000. My actual, effective tax rate is well above 37% right now. How much more do these assholes want?
All of it of course. As we have been told by the current Stompyfoot in Chief, “you didn’t build that.” You only have income because of the government building roads or something, not your own initiative or effot. Therefore, “your” income (your labor, in essence) really belongs to the state. Sanders is just the next step in a gradual slide into cradle to grave government management of everything.
Don’t worry, under this plan, if you like your roads, you can probably keep them.
I see he’s raising the CGTR. When Obama was first running he was asked why raise the rate when it’s been proven many times that by lowering it, not only do you collect more revenue but you allow an easier path for money to move to where it can be best utilized. He answered, fairness.
Yeah brilliant, asshole. Because of your unbelievably misguided notion of fairness, you deny the reward a risk taker has taken and at the same time you restrict the free movement of capital.
Many people who would realize a capital gain on their money, don’t cash out for a potential greener pasture. They sit on it.
Yet there are apparently ~40% of our population that thinks this is a good idea.
Thank the fucking NEA on their astounding success.
Yes, yes, a thousand times yes!
And let’s remember that most capital gains are built on income that has already been taxed. That’s why the current rate is lower than the earned income rate. Funny how articles mentioning Warren Buffet and his secretary often fail to mention that.
“The Responsible Estate Tax. ”
Surely the most ghoulish of the lot.
Those are puny half measures, Bernie. You know what you really want: this nice and simple tax form:
1. How much money do you have?
2. Send it all to us, or else.
(It’s a tragedy that this old joke is still apt.)
There’s always the better solution: Two countries. One real one and the other, a really stupid dysfunctional one.
How come we never see Obama and his ilk giving away their own money to others? I’d be the first in line to take a handout from Obama’s book royalties. It’s all about fairness ya know. But there’s no way Mooch will share her bag of Cool Ranch Doritos.
It should suffice that these people are taking the time to run every aspect of our lives.
And for that, we should be more than grateful enough to fund their numerous extravagant vacations.
That half the country is lapping this all up should make you afraid.
Never would have happened in American history until these days.
We already have a single country that works like that. It’s blue around three edges and red in the middle.
🙂
Bernie’s Flat Rate Tax Plan=100%! So simple you will be able to file your tax return on a postcard!
Preparation H is an effective form of relief for the bern.
That old fool has one foot in the grave and the other on a banana peel. He couldn’t care less about what he leaves behind.
I have a better income tax reform plan:
Amendment XXVIII – The Sixteenth Amendment to the United States Constitution is repealed.
Capital gains is the most unfair tax in my opinion. I can’t afford to retire because of it. Property I bought over 35 years ago is worth ten times what I paid for it. Every year I pay property tax. Every year I pay income tax on the revenue it generates. Now if I sell it, I have to give half to the government. How does that make sense?
Take for example a property that cost $25,000 in 81, and today is worth $250,000. that’s a gain of $225,000 so if I sell it, I have to give the government about $112,500 because they say I made that money this year, when in all actuality I made about $6,500 every year over the past 35 years. That little amount is not even taxable! Let’s not even get into inflation! After taxes, for 35 years of owning a property, I actually profit only $87,500. Adjusting for real estate inflation over the same period, I actually took a loss.
ps: When I bought the property the rates were 10 or 15% and I had two years to re-invest.
BTW, one of my properties is being eyed up for a sewer line project…from a different town! So, they want to buy it for tax value, and I still have to pay capital gains. Eminent domain sucks!
Another lot I own is being eyed up for a TOLL road! Steal my property, and make me pay to drive on the road you build on it? Eff ewe!
In other news, Bernie Sanders announced today that if he is nominated, he will name Keely Mullen (stupid bint from #MillionStudentMarch) as his running mate.
Gah!
@menderman
Clearly you have too much ?
Indeed. 1913 was a bad year, a triple whammy. Not only the income tax amendment, but also the popular election of senators amendment, and the passage of the Federal Reserve enacting legislation.
Bernie will solve that little problem.
😛
Bernie’s single-payer plan will do to your employer provided health insurance what Gruber’s Obamacare provisions were going to do more slowly, i.e. tax it like income.
Wait till they figure out a way to tap the 401k’s.