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IN 2016, the top 1% earned 19.7% of income and paid 37.3% of income taxes. So, if Bernie's plan is to squeeze another $1.5 trillion from the rich, he will have to confiscate their assets. There's not enough income to tax. even at 100% rate. The math just doesn't add up.
Hey Bernie: 1 + 1 does not =3
Quote:
Vermont Senator Bernie Sanders said the U.S. could afford universal healthcare, canceling student debt and making tuition free at public colleges— by slapping higher taxes on wealthy individuals and big companies in order to pay for it all.
IN 2016, the top 1% earned 19.7% of income and paid 37.3% of income taxes. So, if Bernie's plan is to squeeze another $1.5 trillion from the rich, he will have to confiscate their assets. There's not enough income to tax. even at 100% rate. The math just doesn't add up.
Americans realize Bernie is unstable and can't think clearly. It's gonna be decades before the American people are going to buy into any liberal ideas regarding healthcare after the crisis Obamacare caused in this country.
Well they MAY be bad at Math, but even if they weren't they IGNORE reality and facts hoping their scheme will convince people yet again they can get SOMETHING FOR NOTHING, and yes there is a Santa Clause.
I think the elitists like Bernie KNOW exactly that you could tax the rich at 100% and it still would be nearly enough to pay for all their programs. The large swath of Middle Income Earners ALWAYS pays the most, and can least afford it. The working poor get a tax break always, but the middle income earner does not.
IN 2016, the top 1% earned 19.7% of income and paid 37.3% of income taxes. So, if Bernie's plan is to squeeze another $1.5 trillion from the rich, he will have to confiscate their assets. There's not enough income to tax. even at 100% rate. The math just doesn't add up.
It’s literally in your own post, he will tax corporations. Amazon literally paid nothing in corporate taxes in 2018, which would have been billions in that year alone, and that is even before raising corporate tax rates to the level they were in the 1950s. Meanwhile all of the other corporations that are likewise paying nothing in federal corporate taxes will be paying their fair share.
It’s literally in your own post, he will tax corporations. Amazon literally paid nothing in corporate taxes in 2018, which would have been billions in that year alone, and that is even before raising corporate tax rates to the level they were in the 1950s. Meanwhile all of the other corporations that are likewise paying nothing in federal corporate taxes will be paying their fair share.
Corporations pass all taxes onto the consumer. You and I pay corporate taxes. Take an economics course please.
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