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Shawnee_B


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Occasio Tardez 1040 EZ. "how much did you make,,,send it in"
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Ocasio-Cortez Tax Plan Creates 82.7% Top Income Tax Rate for New Yorkers

 
 
 

Posted by Alex Hendrie on Friday, January 4th, 2019, 11:20 AM PERMALINK

In an upcoming 60 Minutes interview, Congresswoman Alexandria Ocasio-Cortez (D-N.Y.) will call for federal income tax rates of up to 70 percent as part of a proposal to create vast new government spending programs.

The current top federal income tax rate is 37 percent, so the Ocasio-Cortez plan will nearly double the tax rate for the top bracket.

New York State has a top income tax rate of 8.82 percent while New York City has a top rate of 3.876 percent. So under this proposal, her constituents would pay a top combined income tax rate of 82.7 percent:

Federal income tax rate:   70.0%
NY state income tax rate: 8.82%
NYC income tax rate:       3.876%
TOTAL:                           82.696%

New Yorkers would not be the only ones suffering under the Ocasio-Cortez plan. California taxpayers would pay a top rate of 83.3 percent (70 percent plus the California rate of 13.30 percent).

In addition to this high income tax rate, taxpayers would remain impacted by other taxes including payroll taxes, taxes on capital gains income and dividends, and the death tax.

Further, while Ocasio-Cortez has not released details of any other tax hikes to pay for her plan, this would likely not be the only income tax increase if she had her way. For instance, Senator Bernie Sanders (I-Vt.) proposed a $2 trillion 2.2 percent payroll tax on all families and a $10 trillion 6.2 percent payroll tax on all businesses as part of his socialized healthcare plan.

Congresswoman Rosa DeLauro (D-Conn.) and Congresswoman Jan Schakowsky (D-Ill.) have proposed numerous tax hikes including a new, 5 percent surtax on those making $500,000 per year and an increase in the Obamacare payroll tax from 0.9 percent to 4 percent.

Regardless of the specific proposal, it is clear that Democrats want higher taxes on the American people as they made clear when they changed the House rules to make it easier to raise taxes.

Just last night, Democrats rejected a proposal to make permanent the $2,000 child tax credit (up from 1,000) and the $24,000 standard deduction for families (up from $12,000).

Based on their record this will not be the first of many cases where Democrats oppose middle class tax relief and advocate for higher taxes on the American people.



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SELLC


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From bartender to congresswoman... 

Only in the Democrat party!



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PowerStroker


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Historically America had the best economy when the uber wealthy pad more than 50% in taxes. Reagan undid it and imposed 35 years of shit show trickle down economics. Few Dems have the balls to say what needs to be said, but Congresswoman Ocasio-Cortez has no such fear. I personally think we should not just repeal the Trump tax cut, but also the Bush and Reagan ones too. Only then will America return to a time when a single working class income could comfortably support an entire family.

Rex, if you don't pre-hate her for her race (like Obama), you'll eventually learn to hate her for her policies. Because like Obama, She knows and fights for YOUR financial interests whether you appreciate it or not. You can expect her to be in Congress for a very, very long time.

Your math is probably wrong anyway though, because if Federal taxes go up, more aid can then be provided to the states which can then lower the state rates.

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SELLC


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RE: Occasio Tardez 1040 EZ. "how much did you make,,,send it in"
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So you feel it is okay to take 50% of someones pay!?

What if they took 50 or 70% of YOUR pay PowerStroker!?

You claim you are not racist, but it sure appears that you are... You hate successful people! So much you feel it is your right to TAKE their money!?

That is not going to work, and I guess it is just easier for you to hate successful white people because from everything I have seen - Obama is one of them Uber rich people you speak of... Should we take 70% of his pay to be fair?



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1. In order to avoid the creation of dynastys, a super high tax rate on super rich people is necessary. The whole reason the patriots of this country's past fought against the British empire for independence, is because of the belief that free people should never be ruled by dynastys. Not a royal dynasty, and not a Koch dynasty either.

2. For people in our tax brackets it's unnecessary to take that much, because we are not in a position to be tyrants over anyone.

3. I have no hate for successful people, I just want to prevent them from gaining more power than me. The Declaration of Independence says that all men are created equal. In order to keep it that way, the removal of excessive money from people who have enough of it to buy politicians is necessary. This isn't hate, it's pragmatism.

4. Again, this isn't based on hate, and to answer your question, Obama, being a multimillionaire would be in the tax bracket that should be taxed at over 50% too in my opinion, and you know I love the guy, so there.

For you to be soooo concerned about a tax bracket that you will NEVER be in is confusing.

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1. That is bull$hit PowerStroker... You dont seem to have a problem with the Clinton Dynasty or the Soros Dynasty... You seem to focus your HATE on conservative Dynasties.. You even go so far as to mention the Koch Dynasty by name so there is no hiding your partisanship.

2. That is some flawed logic... Young people getting started at 18 face exactly what you speak of from middle aged people who have homes, good jobs, cars and families... To the young this disparity is as stark as it would be comparing yourself to a millionaire. To them, people like YOU are the tyrant... not the rich guy showing them what one day they could have.

3. You just said you hate the Koch family... Power is a fleeting thing and some people fair better than others... Currently there is someone out there sitting on a $1.5 billion dollar Mega Millions ticket, they are doing so to minimize taxes, which could amount to almost 50%+! In the case of large lottery or gambling winnings most people agree a 50% tax is fair for the lucky bastards! But to tax a working man, woman or family at 50-70% for the sole reason they are successful!? That would stymie any motivation and see all the rich people move! Is that what you want PowerStroker!?

4. Prove it, write a letter to Obama saying that you feel he should give the government 70% of his pay and while you are at it write a letter to the Clinton Family too... Until you do, I can not really respect your position as being bi-partisan. You may also send the same letter to the Koch and whatever other conservative Dynasty. 

One never knows what set of cards they will be dealt PowerStroker! This is America! The land of opportunity! You could be bust today and on top of the world tomorrow! The real winners can consistently remain at the top with hard work, innovation and determination. Do not allow your ignorance in this matter to cloud your mind... We are all rich in our own ways but money seems to be something that angers you. Perhaps you need to move to Tibet and live with the monks for awhile?



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Shawnee_B


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50% is not 70% along with all the other taxes. Just too much. 50 for the toppers, OK

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safe_image.php?d=AQDuMFFrchfNPYAv&w=540&

Alexandria Ocasio-Cortez Reveals

Her Plan to Overthrow the Supreme Court

BY TYLER O'NEIL

On Saturday, Democratic Socialist starlet Alexandria Ocasio-Cortez called for the abolition of the Electoral College. On Thursday, she revealed her plan to undermine the U.S. Supreme Court. It's not very original...

At a screening for Michael Moore's new film "Fahrenheit 11/9," a member of the audience asked Ocasio-Cortez what she would do if the Supreme Court confirmed all of Democrats' fears.

"If, in a few months from now, the Supreme Court looks like ... a court that would overturn Roe [v. Wade] and make the president above the rule of law, what is to be done?" the audience member asked. This question echoed one real concern (overturning Roe, which would allow states to outlaw abortion) and one false concern (taken from twisting Judge Brett Kavanaugh's record on presidential immunity).

Ocasio-Cortez, never one to defend American institutions at the risk of her activist ambitions, took a page from President Franklin Delano Roosevelt's book.

"I think we take back the House, we take back the Senate, we take back the presidency, and we pack the Supreme Court of the United States of America," she quipped. Then, as if this answer were clear and straightforward, she flippantly added, "Next!"

In 1937, FDR announced just this kind of Court-packing plan. The Supreme Court found some of his New Deal government expansion unconstitutional, so FDR wanted to remake the Court. If the separation of powers stood in the way of big government, FDR was going to get rid of the separation of powers.

He presented the Judicial Procedures Reform Bill of 1937, a bill to add more justices to the Supreme Court. Three weeks after FDR went public with this plan, the Supreme Court reversed course, bowing to the Democrats and the New Deal. This judicial sea-change went down in history as "the switch in time that saved nine." While some historians have disputed this connection, the Court did indeed reverse course on the New Deal after FDR's threat.

This is not the first time Ocasio-Cortez has aimed her wrath at an American institution that stood in the way of her activism. As previously mentioned, the socialist tweeted, "It is well past time we eliminate the Electoral College, a shadow of slavery's power on America today that undermines our nation as a democratic republic."

The Success of Socialist Candidates Would Mean a Return to Poverty and Tyranny

 

 

 

This is historically false. The Electoral College was created to give small population states more say in the federal government. This helped states like Delaware, Rhode Island, Georgia, and Vermont gain more of a say to balance large population states like Virginia (by far the most populous state at the time of the founding), Pennsylvania, North Carolina, Massachusetts, and New York.

According to the 1790 census, free states had higher population than slave states, and there also were more free states than slave states. The Electoral College made no difference between them.

The Three-Fifths Compromise, on the other hand, counted a slave as three-fifths of a person for purposes of representation. This enabled slave states to have more representation in Congress but less than they wanted (they wanted to count slaves as full persons, which would have given them more power). Ironically, it was good for slaves that they were not counted as full persons for this purpose, but still horrifically tragic that slave states were able to use them as a political bargaining chip.

Alexandria Ocasio-Cortez has shown her disdain for American institutions, based on a false understanding of history. If she had power, she would destroy America's federal system by abolishing the Electoral College and packing the Supreme Court. Yet more and more liberals are blaming the system for their political losses, suggesting that the Senate  never intended to be democratic isn't democratic enough!

None of this should be surprising, however. After all, Woodrow Wilson, a major founder of progressivism, wrote that the Congress should have all the power when he saw himself as an excellent potential legislator but changed his tune when he became president. That's convenient...

Progressivism is about taking power and using it, American institutions be damned. Democratic socialists like Alexandria Ocasio-Cortez are even more brazen. Sure, let's pack the courts, no brainer.



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(CNN) - Rep. Alexandria Ocasio-Cortez's campaign was fined by the state of New York for not having required workers' compensation for a month last year, according to the New York state Workers' Compensation Board.

https://www.clickondetroit.com/news/politics/ocasiocortezs-campaign-fined-by-new-york?utm_source=twitter&utm_medium=social&utm_campaign=snd&utm_content=wdiv4

 



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PowerStroker


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I'm sure she had a lot on her plate, now she will have professional accountants who will pay the fine and make sure it doesn't happen again.

Is that really all you've got on her?

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Rastus


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Yo,

You have to remember that even when taxed in higher tax-brackets, your net-income is still pretty good, ( when based against how many pennies you have to spend against a "regular"income person ), & you have tax concessions, where the tax you pay, is diverted to pay for other needs, like rental-houses carpeting / repairs, that you may own or be paying off, new car purchases for "work" necessities etc etc.

It forces you to use that tax-money for re-investment into your own "property-gain", where the country benefits, or you just choose to lose it in tax.

This is how it worked for me, on one-of-my contracts as an example...

I'm taxed at a rate of 54-cents in every dollar I earn, once I've reached the threshold of 50K per year.

My contract was for 182K per year. ( But it was only for 2 x 6-week work contract none-the-less ).

So, you get your 182,000, & take 50,000 away from that figure, which leaves you with your taxable income.

Now we multiply 132,000 by 0.46, to give us the amount we get after paying tax.

This gives us 60,720, & we now add our original 50,000 back to this figure.

We now have 110,720, that will be our years earnings after tax.

If you divide this by 52 ( weeks in the year ), you end up with your weekly income of $2,129:23.

The missing $72,280:00 that you've paid in tax, can now be used to pay for your new company car, new carpet in your rental houses etc etc. The idea being that you spend this tax money in your country, & that means jobs & growth for others further down the ladder, within your country.

At the moment, the super wealthy are investing off-shore, which is namely why your country is turning into shyte, & the people near your borders being really pissed-off about it.

Your government is allowing US-of-A corporations to "take-over-the-world" financially, at the expense of your country turning into shyte, hence a government shut-down has occurred. Soon inflation will rise again, & there won't be enough dollars in circulation, since the money is sitting off-shore somewhere, so the Federal Reserve has to print more money for you, & having more money in circulation, devalues the dollar, so inflation rises once again, yadda, yadda, yadda...



-- Edited by Rastus on Saturday 12th of January 2019 07:11:20 PM



-- Edited by Rastus on Saturday 12th of January 2019 07:14:07 PM

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Shawnee_B


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Occasional cortex disconnected is OK. Cracks me up. Pisses off her fellow dems :)

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Rastus


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Increasing taxes on the super-filthy-rich Makes America Great Again folks, it's that simple...

And once you achieve this, stopping / capping Election Contributions from Companies for political concessions is the next forward step...In fact, the ONLY forward step.

You cannot allow your Government to be corrupted by company sponsored election campaigns any longer, if you want a REAL Government in power & control.

All the US-of-A elects now-days, is a "face", that's been placed their by Corporations, to gain kick-backs, for putting-up the election-campaign-money in the first place....And very surprisingly, citizens also throw their hard-earned into these campaigns too...Talk about a great scam...Incredible...It even rivals false religions...

The corruption is obvious, the solution lay in the hands of US-of-A voters.

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Shawnee_B


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Buddy, I'm not sure most USA voters understand it. I have some troubles with it too but I pretty much understand it anyway :)

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Shawnee_B wrote:

Buddy, I'm not sure most USA voters understand it. I have some troubles with it too but I pretty much understand it anyway :)

 

As long as you folks remember that your fore-fathers laid down a pretty impressive constitution & bill-of-rights, then MAGA is easy...Just don't lose these rights to corporations.

Even though Europe has won, & controls the US-of-A by printing its currency, your laws still allow you to get it back, & take control.

That's what you don't want to lose.



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Rastus wrote:



At the moment, the super wealthy are investing off-shore, which is namely why your country is turning into shyte, & the people near your borders being really pissed-off about it.

Your government is allowing US-of-A corporations to "take-over-the-world" financially, at the expense of your country turning into shyte, hence a government shut-down has occurred. Soon inflation will rise again, & there won't be enough dollars in circulation, since the money is sitting off-shore somewhere, so the Federal Reserve has to print more money for you, & having more money in circulation, devalues the dollar, so inflation rises once again, yadda, yadda, yadda...

 

 

You and PowerStroker just don't seem to get it! There is no "at the moment", Rastus! China did not just become an economic power house overnight! The super wealthy have been diversifying offshore heavy since the 1980's and 1990's - and maybe even longer since I wasn't around prior to 1975 anyway! The point here is that companies are enjoying the tax savings right now, but they know full well the moment a Democrat gets in office they will tax the $hit out of them! They know full well that having a diversified portfolio will allow them shelter when greedy liberals come around with their hands out demanding more taxes! That is part of what makes America much greater than any other country in the world - always changing and always trying to improve.

I take offense with your suggestion that America is turning into shyte! It is unfortunate that we have had to close the government over a disagreement about border security however that is just how great America is! If it weren't for the dynamic nature of the United States of America we would no doubt be living in a static dictatorship where everyone worked for the benefit of the very FEW - much like your monarchies there in England, Canada and even Australia. Believe me when I tell you that the imitation going on in China, Russia, and most of Europe is just that - A SHOW! I am not saying there aren't powerful people pulling the stings behind the curtain of America but trust me when I say these people are well aware that power is fleeting and dynamic in America, and not static like you will find all over Europe and Asia. These countries try to imitate our system but at the end of the day it's all as fake as little Kim's vacant tourist cities in North Korea.

At any rate, any nation or entity holding money offshore would be a fool to try and devalue said money! And if they did, we would reap the benefits! Inflation will never run out of hand because too many banks rely on the money they loaned being worth more than the money they get paid back - ie: interest. Some folks may even refer to it a usury but the bottom line is no financial company can stay in business without some form of interest - regardless if you call it a one time charge, penalty or anything else.



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SELLC


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I mean imagine a land so full of opportunity that some snot nosed kid working as a bartender one day would suddenly become a congresswoman the next!

MERICA' 

MAGA! Vote her out in 2020! 



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PowerStroker


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I don't think there's any danger of a Republican winning her district ever.

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Rastus


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SELLC wrote:
Rastus wrote:



At the moment, the super wealthy are investing off-shore, which is namely why your country is turning into shyte, & the people near your borders being really pissed-off about it.

Your government is allowing US-of-A corporations to "take-over-the-world" financially, at the expense of your country turning into shyte, hence a government shut-down has occurred. Soon inflation will rise again, & there won't be enough dollars in circulation, since the money is sitting off-shore somewhere, so the Federal Reserve has to print more money for you, & having more money in circulation, devalues the dollar, so inflation rises once again, yadda, yadda, yadda...

 

 

1.You and PowerStroker just don't seem to get it! There is no "at the moment", Rastus! China did not just become an economic power house overnight!

2.The super wealthy have been diversifying offshore heavy since the 1980's and 1990's - and maybe even longer since I wasn't around prior to 1975 anyway! The point here is that companies are enjoying the tax savings right now, but they know full well the moment a Democrat gets in office they will tax the $hit out of them! They know full well that having a diversified portfolio will allow them shelter when greedy liberals come around with their hands out demanding more taxes! That is part of what makes America much greater than any other country in the world - always changing and always trying to improve.

3.I take offense with your suggestion that America is turning into shyte! It is unfortunate that we have had to close the government over a disagreement about border security however that is just how great America is! If it weren't for the dynamic nature of the United States of America we would no doubt be living in a static dictatorship where everyone worked for the benefit of the very FEW - much like your monarchies there in England, Canada and even Australia.

4. Believe me when I tell you that the imitation going on in China, Russia, and most of Europe is just that - A SHOW! I am not saying there aren't powerful people pulling the stings behind the curtain of America but trust me when I say these people are well aware that power is fleeting and dynamic in America, and not static like you will find all over Europe and Asia. These countries try to imitate our system but at the end of the day it's all as fake as little Kim's vacant tourist cities in North Korea.

5.At any rate, any nation or entity holding money offshore would be a fool to try and devalue said money! And if they did, we would reap the benefits! Inflation will never run out of hand because too many banks rely on the money they loaned being worth more than the money they get paid back - ie: interest. Some folks may even refer to it a usury but the bottom line is no financial company can stay in business without some form of interest - regardless if you call it a one time charge, penalty or anything else.

 

R1. China has a 1/4 of the worlds population. The moment our governments allowed industry to move over there & start manufacturing "our" stuff, is when we all lost jobs, manufacturing growth, & slowed our own economies down, all for the sake of corporate-heads making more dollars...

R2. The tax system will gently force them to either pay the tax out-right, or re-invest in the country through tax concession incentives.

R3. The short-term current vision see's this...US-of-A gov't is shut down...UK has riots...France has "green vest" riots...Maybe I should have said rather, that the image of the "free world" isn't so great at the moment lol, & turning to shyte...

R4. We're all bound to the aristocracies of Europe my friend...Whether we reveal their movements through occult-practices, secret societies, or Bilderberg meetings etc etc. The "Club of Rome", "Club 300" & other parties ( Banks ) influence all that happens.

R5. That's the thing about interest...Perpetual debt...You yourself are still paying back debt from the 1930's and "the New Deal", & your great-grand-children will be too at the least. Whilst the US-of-A continues to have it's money made & regulated by the Federal Reserve, which is an over-seas holding in the UK, you'll be in debt to the European banks, that made you your money, forever...Your politicians know this, & play your society off-itself, whilst reaping the hidden bonuses that politics offers.



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