Your comparison is completely wrong. People who get addicted to drugs want to use drugs all the time. It is there own choice. People who pay taxes are FORCED to pay them by a third party. It is not their choice.
I posted a list with countries where they have 40% and even higher taxes, up to almost 60%. I mentioned from what level of income they are at 40% or higher. You can check them out. In many countries capital gains are just taxed as income. So what you tell is wrong. I do agree that the US is f*cked. They will no longer be the most powerful economy, Asia will be the winner of this century. The US made Asia so powerful because they shifted their production from the US to Asia. Billions of dollars from US consumers end up in Asian pockets. Apple is the best example of that. Others are: Microsoft, Dell, HP, Cisco...
Shaking my head. You can't figure it out? You got VAT, capital gain, corporate, income taxes. Federal taxes, and state taxes. You are comparing 1 piece of the puzzle to the whole total lol. List of OECD countries here: http://www.oecd.org/about/document/list-oecd-member-countries.htm List of corporate taxes here: http://www.oecd.org/tax/tax-policy/corporate-tax-statistics-database.htm For the USA you got to add a 1-12% state tax, they are above the world average even under Trump... Funny that so many adults believe in Santa Claus. I didn't even believe in Santa when I was 6. Go figure why you're all struggling day traders and I don't need to be a wagecuck to survive. Lmao people have been revolting for thousands of years against taxes and now the sheep are fighting for MORE taxes, not LESS, MORE XD And somehow they think it will result in LESS inequality, not MORE. Sure, a gouvernement with the support of the public to impose high taxes on the top 1% has no interest in making sure all the wealth is concentrated there amirite? Why is every one so eager for big taxes I don't get it? Well I do, that's due to being retarded, but I like to pretend I give people the benefit of the doubt. All they'll do is dilute PP and import from China (which takes jobs away and increases inequality) and they've been doing that for decades and hit a wall. The very people rioting and .. ye whatever no point going on it's so dumb lol. Dum dums always looking for "reparations" and "lex Sempronia frumentaria" and other free stuff that never works. And every single time it ends with civilisation being dragged down, eventually collapsing, at least today the mobs of angry idiots are screaming "we want to tear down society" so at least they are not hiding it. What comes next is always a few hundred to 1000 years of middle ages where natural selection exterminates the dum dums that cannot survive without help. 1350: Black plague. "The great cleansing". Took care of the last remaining bottom feeders, and soon after what? Europeans conquered the world, had the industrial revolution, and went to space. Dum dums are going to tear down the advanced world once again, then get weeded out by natural selection, and the next civilization that will emerge will conquer space. Smart people always win. It's like gravity or the laws of supply and demand. You cannot win.
The 39.6% top rate is only the top federal rate and does not include payroll taxes, Medicare, or state/local income taxes. The Medicare tax is 2.35%. The real top federal tax rate right now is 39.35%. Under Biden’s proposal he would also bring in the payroll tax over $400k. That’s 6.2% for employees and 6.2% for employers. If you’re 1099 which many day traders are that would make your top federal rate 54.55% as you would pay both sides. If you live in CA there is a top income tax rate of 13%. Now we are talking about a 67.55% rate. Raising ordinary income tax rates and expanding the payroll tax is the wrong way to go in my opinion. The real problem with the tax code is that rich people have enormous loopholes (including paying capital gains rather than ordinary income when they receive income from stock incentives, as hedge fund managers, in private equity, etc). People employed on salary or who run small businesses don’t have these luxuries.
You missed the point of my post. You’re saying exactly what I was saying in reply to the guy who said “it only affects 2% of Americans so 98% won’t be affected”. Out of that 98% about half don’t work (underage, retired, unemployed, lazy, etc). So it doesn’t “only affect 2% of Americans” when half of America isn’t in the workforce
Yep Dum Dum's are going to screw over the rich, get living wage for a while, then bankrupt well world will mean they'll go from something, to everything and back to nothing which is when they all die off. Compromise would work, give the Dum Dum's a slightly better manageable living wage and tax everyone a little bit more, might be sustainable but they don't want that, they want everyone to be equally as poor. And that's when Socialism will come in
Honestly capitalist countries are a paradise for sociopaths. Socialist countries are a paradise for sociopaths. The NAZI are going to try and win over the commies & antifa again, and the NWO globalists are trying to act preventively with "the great reset". It is smart people job to see what happens and adapt. As Soros said the smart with predictive abilities can avoid another Hitler etc just by acting in advance...
Soros uses his billions to destabilize countries including the US. Obviously, he should be in jail by now if not for friends in high places. He is only in it for himself and no angel. Karma will hit him soon enough.
Billionaires have voted with their billions and they chose to stay in the US. Why? Tax loopholes are plenty in the US, and while, not perfect is not the worst country either contrary to extreme liberal lies. Ask yourself why the extreme liberals continue to live in the US instead, of moving to Europe for instance? George Clooney has a villa in France yet, chose to come back to the US? Harry and Meghan who hate the US, lived in Socialist Canada yet, chose to live in the US instead, of moving back to the UK? Why? Take note too that 1,000,000 legal immigrants enter the US yearly, the most generous legal immigration on the planet, for a chance at the American dream? Hundreds of millions waiting their turn in line. Now, why would anyone with an ounce of intelligence vote for Joe Biden to tear down everything good that has happened to the US so far under President Donald Trump?
I posted already that you cannot compare just the 40% tax, you should compare the whole system. But YOU were focusing on just that 40% tax. You were comparing just 1 piece of the puzzle. So basically you are laughing with yourself. Reread my post below: