“There’s no reason why the top tax rate shouldn't be 39.6 percent, which it was in the beginning of the Bush administration. There's no reason why 91 Fortune 500 companies should be paying zero in taxes." - Biden. YES!! Tax policy key to wealth transfer (theft) from middle class.

Dec 2, 2020 · 1:25 PM UTC

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Replying to @marwilliamson
At what $$$$
Replying to @marwilliamson
Aren’t the same person who was all in for student loan forgiveness? Effectively the greatest transfer of wealth fm the high school/vocational school tax payers to the elites? How do you rationalize that?
Replying to @marwilliamson
"The top marginal tax rate in 1960 was ...91% ... which applied to income over $200,000 (for single filers) or $400,000 (for married filers)" ... The current top tax rate is ... 37% ... on income of over $518, 000 per year.
Replying to @marwilliamson
Conficatory tax rates sends wealth overseas where taxes cannot be assessed.
Replying to @marwilliamson
You're on the wrong track.
Replying to @marwilliamson
Companies with that much money have the money to buy tax breaks. What does Amazon pay again?
Replying to @marwilliamson
The small shops and restaurants closed by government while big chains and drive-through eateries keep operating is the biggest wealth transfer right now. Just ask the 100,000 small businesses that have closed forever.
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Replying to @marwilliamson
91 Fortune 500 companies pay zero in taxes? That's a #dystopia
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Replying to @marwilliamson
Um, except that it is immoral?
Replying to @marwilliamson
I agree
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