Ocasio-Cortez wants a 70% income tax on millionaires. Think of the impact on our NFL and NBA players. I look forward to their taking a knee on that one.
Link: https://www.washingtontimes.com/news/2019/jan/4/alexandria-ocasio-cortez-suggests-70-tax-rich-fund/
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Mitt Romney paying perhaps 14% in income tax over earnings of more than $20 Million is an example.
I tend to lean conservative and I hate paying taxes as much as anyone, but we've got a $20 Trillion Debt to deal with and a wealth gap that -- for reasons I understand and accept -- will always be growing. The income tax rates on the top tiers need to be adjusted and simplified.
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I would want Dems to do it just to sit back and laugh at the unintended consequences that liberals would have to endure.
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And the right-wing will focus on the loonies, and convince its base that the loonies represent the majority, or the leadership.
They don't.
You can safely ignore the idiot twenty-somethings in the freshman class.
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NFL players and our highest earning entertainers would also see drastic decreases in their net income. That's a huge chunk of African American wealth.
Link: https://www.forbes.com/sites/kurtbadenhausen/2018/02/07/the-nbas-highest-paid-players-on-and-off-the-court-for-2018/#2d680b5e2853
And that taxation targets only athletes and not white people who are other than athletic?
Good on you.