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Edited by I Don't Take Responsibilit:
2/26/2020 10:32:25 PM
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Bernie Sanders wants to tax people who make over $29,000/yr at 52%!!
Un-fraking believable. What the hell Bernie! You want to take over half my hard earned money!! You commie -blam!-!!!
Huh? What's that you say? Technically that's true but I would also have to make over $10,000,000.00/yr as well. Technically people who earn $10,000,000.00 a year qualify as people who earn over $29,000.00/yr because $10,000,000.00 is more than $29,000.00.
So the conservative talk show hosts telling me "Bernie Sanders wants to tax people who make over $29,000.00/yr at 52%" are ommitting facts to try and mislead me into believing that Bernies tax plan is bad for me.
Oh, so after actually looking up Bernie's tax plan I would have about an extra $4,000.00 is disposable income per year, and my effective tax rate would actually be only 15.5%.
[url]http://www.bernietax.com[/url]
Edit for link
Edit: FightinFinn 2-7 has correctly pointed out that the link shows the 2018 take bracket information not 2019.
Edit: corrected $20,000,000.00 to $10,000,000.00.
English
#Offtopic
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American politics is a reality TV show at this point
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15 Replies[quote]Un-fraking believable. What the hell Bernie! You want to take over half my hard earned money!! You commie -blam!-!!! Huh? What's that you say? Technically that's true but I would also have to make over $20,000,000.00/yr as well. Technically people who earn $20,000,000.00 a year qualify as people who earn over $29,000.00/yr because $20,000,000.00 is more than $29,000.00. So the conservative talk show hosts telling me "Bernie Sanders wants to tax people who make over $29,000.00/yr at 52%" are ommitting facts to try and mislead me into believing that Bernies tax plan is bad for me. Oh, so after actually looking up Bernie's tax plan I would have about an extra $4,000.00 is disposable income per year, and my effective tax rate would actually be only 15.5%. [url]http://www.bernietax.com[/url] Edit for link Edit: FightinFinn 2-7 has correctly pointed out that the link shows the 2018 take bracket information not 2019.[/quote] Remember guys: 1) millionaires and billionaires are bad and shouldnt even be able to accumulate that much wealth. It's unfair to everyone else. 2) BUT we should totally make society utterly dependent on the fact that they exist, for funding. 3) and there's definitely no chance that if you start trying to crack open all these human "piggy banks" theyll either move to a different country or better yet, just move their money to a different country. 4), and socialism has never failed.
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Edited by HellfireEclipse: 2/28/2020 5:10:32 PMNo its 24% deflation The fed reserve gives hospitals blank checks. Like the DoD fiat money
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I am still opposed to nationalizing private industries.
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1 ReplyI would save $3k a year in exchange for government run insurance. No thanks
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2 RepliesSo it makes sense for the site show that, even though Medicare For All means big tax increases, they could still be less than the "tax" you pay in the form of insurance premiums. The problem is that Bernie is lying about how much the tax actually is and everybody just kind of goes along with it. The 4% tax comes from Bernie's plan that raises a bunch of other taxes to pay for M4A, but when you add them all up, they only cover *half* the cost in the first place. But it gets worse, because most of those other taxes are one-time deals: you can't like eliminate tax loopholes to raise money and then... re-eliminate them to get more money. So that income tax on everyone was a relatively small part getting us halfway to M4A, but they'll have to do the heavy lifting to make up the rest of the money. But at the end of the day, this is all pointless anyway. People win or lose elections based on good rhetorical cases for things, which Bernie has regardless of boring details, and it won't even matter if he gets elected because it's not going to pass anyway.
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5 RepliesEdited by Uncanny_Vale: 2/26/2020 10:50:39 PM[quote]Bernie Sanders wants to tax people who make over $29,000/yr at 52%!![/quote] This is fake news: https://www.snopes.com/fact-check/sanders-tax-plan-52-percent/ That 52% tax rate would only be applied to earnings over $10 million. Here’s his real planned rates: [quote]40% percent on income between $250,000 and $500,000. 45% percent on income between $500,000 and $2 million. 50% percent on income between $2 million and $10 million. (In 2014, only 136,000 households, the top 0.1 percent of taxpayers, had income between $2 million and $10 million.) 52% percent on income above $10 million. (In 2014, only 16,700 households, just 0.02 percent of taxpayers, had income exceeding $10 million.)[/quote]
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1 ReplyI don't care. 110% is nothing so long as the white house Berns for the first time since 1814. Also Amazon pays like 2% or something ridiculously small. Would raising corporate taxes to the unthinkable sum of 20% be so unthinkable?
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Edited by WreckinBawl: 2/27/2020 2:49:23 AM[b] [/b]
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2 RepliesHe wants to take $7000 away from people who live on minimum wage
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The same sort of shiz happened with the UK elections. A proper smear job against Corbyn.
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1 ReplyUnless I'm reading things wrong...I think people are just reading the title and not the whole post?
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That's not even a -blam!-ing liveable wage in MA, just as an example. I want some of what this dude smokes, for real.
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Sounds good 😆 I hope it passes is love to see the reeeeeeeees 😏
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10 RepliesGood luck ever getting out of the lower class bud. Even at ~100K your taxes go up by an insane amount.
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2 RepliesAny sane person had to know something like this was coming. Free college and free healthcare is a lie.
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2 RepliesThe current income brackets in your link are wrong for all filling statuses. I'm sitting here looking at my TTB deluxe edition 2019 (TheTaxBook) right now. Why should I take any of this seriously if they can't even get that right.
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1 ReplyNot sure which conservative talk show host you're talking about but the one I saw (think it was Hannity) said it would be 4% over $29,000. That doesn't sound like omitting/misleading to me.
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15 RepliesOkay, show of hands. Who here thinks that Bernie, currently 78 years old, physically won't be able to make it to be elected as president.
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14 RepliesI'd be in the 22% tax bracket. No thanks
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2 RepliesQuick question. Does this affect him too?
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1 ReplyThat’s how mafia work.
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You had me in the first half...
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Darn socialists and their healthcare.
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14 RepliesMight want to read the disclaimer, its at the bottom of the page. Any new tax law written can always end up different than what any candidate campaigned on.
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2 RepliesDidnt work, on my phone, Bernie still does nothing for me.
