39.6%
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Not horrible yet. However, diminishing returns eventually will kick in. If Biden goes high enough, much of the wealthy money will travel overseas or will be placed into deferred tax strategies. It gets to a point where higher taxes can lead to lower government revenue.
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Another retard argumentHHusky said:
Back in the dark days of 39.6%, no one was investing or doing business. Now 37%--that was liberty!WestlinnDuck said:Oh no. Our fake MBA grad again pretends that taxes don't have a negative effect private business and investment.
If ALL economic activity doesn't stop there is no effect
And 37 is too high -
How are we? going to pay for your entitlements?RaceBannon said:
Another retard argumentHHusky said:
Back in the dark days of 39.6%, no one was investing or doing business. Now 37%--that was liberty!WestlinnDuck said:Oh no. Our fake MBA grad again pretends that taxes don't have a negative effect private business and investment.
If ALL economic activity doesn't stop there is no effect
And 37 is too high
And way back when the highest marginal rate was 39.6%, you told us that Daddy's economy was roaring. -
A fact not in dispute.RoadTrip said:
You must be really oldHHusky said:
I've had my first dose.Bendintheriver said:
You still in your basement?HHusky said:
Back in the dark days of 39.6%, no one was investing or doing business. Now 37%--that was liberty!WestlinnDuck said:Oh no. Our fake MBA grad again pretends that taxes don't have a negative effect private business and investment.
Partying like it's 1979! -
Actually, small businesses formed as an LLC or S corporation are taxed at around 25% by the feds. We had record low US unemployment a year ago under Trump and his tax cuts. But why shoot for record low unemployment as a goal when you can punish corporations and small businesses for being successful.
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Mr. Likeable referenced the top marginal income tax rate. The same top marginal rate that wasn't slowing that economic marvel you told us Daddy should get credit for before the tax cuts.WestlinnDuck said:Actually, small businesses formed as an LLC or S corporation are taxed at around 25% by the feds. We had record low US unemployment a year ago under Trump and his tax cuts. But why shoot for record low unemployment as a goal when you can punish corporations and small businesses for being successful.
I envy those of you who are too rich to thinks it's even worth trying to earn that $622,000th dollar if you'll only get to keep 60.4% of it. -
There is zero chance you own a successful LLC. It must not even clear $400k if tax increases don’t impact your bottom line, Ozark.HHusky said:
Mr. Likeable referenced the top marginal income tax rate. The same top marginal rate that wasn't slowing that economic marvel you told us Daddy should get credit for before the tax cuts.WestlinnDuck said:Actually, small businesses formed as an LLC or S corporation are taxed at around 25% by the feds. We had record low US unemployment a year ago under Trump and his tax cuts. But why shoot for record low unemployment as a goal when you can punish corporations and small businesses for being successful.
I envy those of you who are too rich to thinks it's even worth trying to earn that $622,000nd dollar if you'll only get to keep 60.4% of it. -
The entire issue is how much should be directly distributed back into the economy through investment and private spending versus run through government coffers first, so they can grift the fuck out of each dollar to pay for stupid, useless, nepotism-filled jobs like "diversity and inclusion" officers or "academic support" jobs, before returning a pittance of that dollar into the marketplace.
If you think Big Government spends other people's money more responsibly than people spend their own hard-earned dollars, well, then that makes you @HHusky, aka a total fucking idiot. -
But I'm not saying 39.6% won't impact my bottom line, Natasha.NorthwestFresh said:
There is zero chance you own a successful LLC. It must not even clear $400k if tax increases don’t impact your bottom line, Ozark.HHusky said:
Mr. Likeable referenced the top marginal income tax rate. The same top marginal rate that wasn't slowing that economic marvel you told us Daddy should get credit for before the tax cuts.WestlinnDuck said:Actually, small businesses formed as an LLC or S corporation are taxed at around 25% by the feds. We had record low US unemployment a year ago under Trump and his tax cuts. But why shoot for record low unemployment as a goal when you can punish corporations and small businesses for being successful.
I envy those of you who are too rich to thinks it's even worth trying to earn that $622,000nd dollar if you'll only get to keep 60.4% of it. -
How can we possibly be expected to pay taxes until we agree with the expenditure of every single line item?TurdBomber said:The entire issue is how much should be directly distributed back into the economy through investment and private spending versus run through government coffers first, so they can grift the fuck out of each dollar to pay for stupid, useless, nepotism-filled jobs like "diversity and inclusion" officers or "academic support" jobs, before returning a pittance of that dollar into the marketplace.
If you think Big Government spends other people's money more responsibly than people spend their own hard-earned dollars, well, then that makes you @HHusky, aka a total fucking idiot.
