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Because while their taxes would go up, yours would also massively increase. You would literally double your taxation rate.
Not a chance in hell. I was already in the group that had a 33.4% effective federal tax rate. There is no European country that taxes anyone at an effective rate of 66.8%.
Your insistence on using false info and overly dramatic hyperbole as a debating technique implies to rational people that your opinion isn't valid.
Not a chance in hell. I was already in the group that had a 33.4% effective federal tax rate. There is no European country that taxes anyone at an effective rate of 66.8%.
Your insistence on using false info and overly dramatic hyperbole as a debating technique implies to rational people that your opinion isn't valid.
So you are part of a group with a 33.4% effective federal tax rate? You would think with a income of over 750,000 a year (assuming single, no deductions) you must have a tough life living on the remaining scraps. But in Europe? You'd be paying a ton more. The fact that you think i am discussing dramatic hyperbole demonstrates dramatically how uninformed you are.
Frances top rate is 45% after complaints about it being raised to 75%. Even more interesting is that they have a taxation on wealth as well. And inheritance taxes that hit up to 40%
So you are part of a group with a 33.4% effective federal tax rate? You would think with a income of over 750,000 a year (assuming single, no deductions) you must have a tough life living on the remaining scraps.
$750,000 isn't the top 1% cutoff. It's $434,682. And, again, there is no country that taxes anyone at an effective rate of 66.8%.
Why envy what I've earned? I started with nothing. Anyone else could have achieved what I have if they didn't foolishly make unwise life and financial decisions. In fact, if you read The Millionaire Next Door, you'll learn that 80% of millionaires are like me: first-generation wealthy. You can even read the multiple decisions they made and steps they took to do it.
$750,000 isn't the top 1% cutoff. It's $434,682. And, again, there is no country that taxes anyone at an effective rate of 66.8%.
Why envy what I've earned? I started with nothing. Anyone else could have achieved what I have if they didn't foolishly make unwise life and financial decisions. In fact, if you read The Millionaire Next Door, you'll learn that 80% of millionaires are like me: first-generation wealthy. You can even read the multiple decisions they made and steps they took to do it.
The whole idea of the poor paying more taxes or shouldering more tax burden is absurd. Is one dollar from the poor not the same as one dollar from the rich? Why should the rich pay more in absolute amount or in percentage? Just because they have more?
$750,000 isn't the top 1% cutoff. It's $434,682. And, again, there is no country that taxes anyone at an effective rate of 66.8%.
Why envy what I've earned? I started with nothing. Anyone else could have achieved what I have if they didn't foolishly make unwise life and financial decisions. In fact, if you read The Millionaire Next Door, you'll learn that 80% of millionaires are like me: first-generation wealthy. You can even read the multiple decisions they made and steps they took to do it.
You stated EFFECTIVE tax rate. apparently you do not understand what that word means. We weren't discussing the 1%, we were discussing your claimed effective tax rate.
And sorry, its not 66.8% now that france backed off from their 75% rate, but many have a rate in the mid 50's....not counting other taxes which would easily push them higher.
The source of the statement s that there arent all that many examples where its not true.
This is like:
"Its safe to go outside without wearing a helmet"
"You can't make such a blanket statement. If you leave the space station without a suit you will die. So what is the source of your statement?"
This is nonsense.
Nonsense is making a statement backed by no facts. try again.
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implies to rational people that your opinion isn't valid.
