The top 20% of income earners pay 84% of total income taxes, THAT IS THE INVESTING CLASS

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The top 20% of income earners pay 84% of total income taxes, THAT IS THE INVESTING CLASS

Author: Curly1918 (16449 Posts - Joined: Aug 30, 2017)

Posted at 2:20 pm on Sep 30, 2022

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The more you tax them the less they invest.

Or... they move their investments to more profitable juriisdictions.

This why investors are fleeing high tax states for thise with lower rates.

Link: http://WGE

Replies to: "The top 20% of income earners pay 84% of total income taxes, THAT IS THE INVESTING CLASS"

The end of capitalism in the US? [LINK] - Curly1918 - 11:05am 9/30/22 (22) [View All]
- It could be argued that the greatest threat to capitalism is the ever rising wealth gap. - iairishcheeks - 7:50pm 9/30/22
- Inevitable-Dems are now going to increase taxes to pay for their spending sprees [NT] - BaronVonZemo - 12:56pm 9/30/22
- Here are the details of the proposed Bill...not quite 'Armageddon' for U.S. Capitalism... [NT] [LINK] - TyroneIrish - 12:53pm 9/30/22
  - The top 20% of income earners pay 84% of total income taxes, THAT IS THE INVESTING CLASS [LINK] - Curly1918 - 2:20pm 9/30/22
    - Taxes for the "Investing Class" reached 90% during the Eisenhower years...why didn't we - TyroneIrish - 2:29pm 9/30/22
      - Because nobody paid it. [LINK] - Iggle - 2:40pm 9/30/22
        That's because there was no incentive for corporate boards to pay CxOs compensation that would - TyroneIrish - 3:05pm 9/30/22
        So, you're arguing the 90% tax was just a useless gesture? - Iggle - 3:40pm 9/30/22
        It had the desired effect...i.e. keep those on 'Mahogany Row' from taking all the profits for - TyroneIrish - 4:14pm 9/30/22
        That was its desired effect? Were you a legislator in the late 40’s, early 50’s? - Iggle - 4:49pm 9/30/22
        Just look at the results, Iggle...(see link)... [LINK] - TyroneIrish - 6:33pm 9/30/22
        Piketty, lol!!! Really? - Iggle - 7:50pm 9/30/22
        Here's a review of Piketty's book...scoff all you want, but Bill Gates has "Standing" when it comes [LINK] - TyroneIrish - 10:23pm 9/30/22
  - WHATS THE MATTER WITH YOU IT WILL END CAPITALISM AND WE WILL ALL SOON BE LIVING IN COMMUNES [NT] - Chris94 - 1:06pm 9/30/22
    - JANUARY 6TH INSURRECTION .THE DAY DEMOCRACY ALMOST DIED! HORN HAT ALMOST SUCCEEDED! [NT] - BaronVonZemo - 2:38pm 9/30/22
- The most asburdly hyperbolic post ever in the US? [NT] - Chris94 - 11:40am 9/30/22
  - Absurdly hyperbolic!!!!! [NT] - TampaIrish - 3:35pm 9/30/22
  - Tell us who will invest if 50+% of his or her or whatever's gains get redistributed to the Dem base? - Curly1918 - 12:33pm 9/30/22
    - You're right! It will be the end of investment and capitalism itself. [NT] - Chris94 - 12:44pm 9/30/22
  - C'mon. It's not like he said the last president would be the end of the Republic. [NT] - NedoftheHill - 11:43am 9/30/22
    - Right? Dumb thing to say. Hope he doesn't make his living....er never mind! [NT] - Stark Raving Dad - 12:21pm 9/30/22
- Wow. I wonder if my fidelity account can be transferred to a different country. - NedoftheHill - 11:38am 9/30/22