progressives are bad for the democrats

Author: n8nrgmi

Posts

Total: 40
Greyparrot
Greyparrot's avatar
Debates: 4
Posts: 25,993
3
4
10
Greyparrot's avatar
Greyparrot
3
4
10
-->
@bmdrocks21
It's hard to calculate because the ease of transferring assets globally isn't a static thing from year to year.

There's also a trickle down loss of revenue as production is discouraged.
bmdrocks21
bmdrocks21's avatar
Debates: 6
Posts: 2,798
4
6
11
bmdrocks21's avatar
bmdrocks21
4
6
11
-->
@Greyparrot
Plus deductions and credit changes when we change tax rates also makes each comparison not 1:1.
Also, the brackets affected by different rates change, cost of living changes, etc.

Very hard to find it.
FLRW
FLRW's avatar
Debates: 0
Posts: 6,611
3
4
8
FLRW's avatar
FLRW
3
4
8
-->
@bmdrocks21
During the administration of President Dwight D. Eisenhower, from 1953 to 1961, the top income bracket in the United States climbed to a marginal tax rate of 91 percent. Taxes on corporate profits were two times as great as they are in 2017, and that’s before the current proposal to cut that rate to 21 percent. The tax on large estates rose to more than 70 percent. Businesses operated under a relatively high tax burden, and they employed a labor force in which one-third of the workers were unionized and bargained with executives as equals. Corporations served a diversity of stakeholders as opposed to stockholders. The result was a booming economy that benefited most Americans.
In 1955, Fortune magazine noted approvingly that the incomes of the top 0.01 percent of Americans were less than half what they had been in the late 1920s, and their share of total income was down by 75 percent. In the 1950s, the average corporate CEO received 20 times more compensation than the firm’s typical employee; by 2016, CEOs’ salaries averaged more than 200 times those of the average worker.
bmdrocks21
bmdrocks21's avatar
Debates: 6
Posts: 2,798
4
6
11
bmdrocks21's avatar
bmdrocks21
4
6
11
-->
@FLRW
I don't see how that addressed what I said. I said that while the nominal rate was 91%, the effective rate was 42%. Meaning that, in reality, the tax rate wasn't as high as you make it seem.

The effective rates were probably higher in the past, but saying that the nominal rate was double what it currently is means essentially nothing other than corporations that had zero deductions and credits (something that is more or less impossible to achieve) would pay that double rate.
Greyparrot
Greyparrot's avatar
Debates: 4
Posts: 25,993
3
4
10
Greyparrot's avatar
Greyparrot
3
4
10
-->
@bmdrocks21
And that's how Washington DC centrally plans. Through the exemptions.

Because to do otherwise would expose them as blatant Communist central planners.

Most people like FLRW don't even acknowledge thousands of pages of exemptions exist on EVERY tax bill, therefore central planning communism doesn't exist.
Dr.Franklin
Dr.Franklin's avatar
Debates: 32
Posts: 10,673
4
7
11
Dr.Franklin's avatar
Dr.Franklin
4
7
11
-->
@FLRW
plagiarized from zocalpublicsquare.org 
Greyparrot
Greyparrot's avatar
Debates: 4
Posts: 25,993
3
4
10
Greyparrot's avatar
Greyparrot
3
4
10
-->
@Dr.Franklin
plagiarized from zocalpublicsquare.org 

So? It doesn't make it any less factually misleading regarding the tax exemptions that were not addressed.
ILikePie5
ILikePie5's avatar
Debates: 3
Posts: 15,167
3
7
10
ILikePie5's avatar
ILikePie5
3
7
10
-->
@Greyparrot
The videos of the protesters harrassing Sinema in the bathroom and plane were hilarious. Senators from Arizona are the joke of both parties lmfao
Dr.Franklin
Dr.Franklin's avatar
Debates: 32
Posts: 10,673
4
7
11
Dr.Franklin's avatar
Dr.Franklin
4
7
11
-->
@Greyparrot
of course, but all FlRW does is copy and paste random BS from a random website and think he has done something.
Greyparrot
Greyparrot's avatar
Debates: 4
Posts: 25,993
3
4
10
Greyparrot's avatar
Greyparrot
3
4
10
-->
@ILikePie5
The videos of the protesters harrassing Sinema in the bathroom and plane were hilarious. Senators from Arizona are the joke of both parties lmfao

Illegal aliens don't recognize sovereign bathroom borders.