Liberals, I'm Curious. How much money is enough? What's the max?

No, not like that.
My numbers.
Top marginal rate 50% on income over 4 million
Estate tax 40% over 5 million
Long term 28%.
These numbers generate the most revenue for GDP.

 

Have you ever noticed that those who propose these things never actually are effected by them? More, do those same folks simply believe the rest of us are blind in how much these kinds of taxes artificially protect the folks who have real wealth from competition? And hasn't that always been the point?

 

Can't you read? We're talking confiscation. How much is enough retained, after taxes? Liberals always seem to think they know it all and know what's best, so let's hear it. Only one crazy answer so far. And, FYI, the top 1% is about a million liquid...or even less. So is $1M the limit??

 

Look under estate tax. See it?

 

So I'll just stop at $5M and invest in income tax-free municipal bonds.....nothing like filing a 1040EZ with $5M in the bank. Can I get a REEEEEE REEEEEE??

 

I'm more thoughtful and a better liberal than you are, Kode. Know why?

I think people should only be allowed $134,227.47 in cash...

 

I'm theoretically safe then, until people become unhappy and want more, and cut that allowed total way down.

Once it starts it will never stop -- like the income tax in 1913 that was only supposed have substantial effect on the richest Americans. It was 7% on all income over $500,000 and 1% for the ordinary folks. My, my how Jack has grown that terrible beanstalk.

 

Who will quickly **** through it in a couple days.

 

$500,000 1913 dollars is about $12.7 million dollars today. Didn't have an estate (death) tax in 1913 either. But then the liberals got greedy and the rest is history.

 

Notice them -not- answering the simple question in the OP in a clear direct way in post after post?

There's a reason for that.

 

There are better endeavors to achieve for the general prosperity of man than the hoarding and accumulation of wealth for no other purpose but to cause scarcity. If by any other purpose that your name live in the lights of Jobs, Gates, Musk, Branson... those that venture to achieve and not just accumulate. If your wish is to just play the system that has been written in your favor, then you'll die in obscurity like the so many beneath you in the world you have come to master. There is much good that can be done in your position, ...but if you prefer the bad that you can have...

 

Yep. The takers always want to pick the numbers! Seems they are always above their earnings/worth. Odd that.

And when did tax revenue generation become the most important metric of an economy? That this is widely accepted by the public is just sick. That is not what this country was to be about. Makes me nauseous.

 

You simply must stop being disingenuous. Telling one man this for a specific reason is not instructing all Christians to do so. But you know this. Carry on with your false premises. Just don’t expect everyone to swallow them.

 

Ron, the top marginal rate MUST be something significantly greater than 50%. Studies have shown that when the top rate if greater than 50%, the economy is more favorably for the rest of us and for society as a whole, and the corporations still make good money. But when the top rate is less than 50%, democracy starts to suffer along with jobs, incomes, lifestyles, education, and everything else.

My numbers (married filing jointly):
35% on income over $175,000
45% on income over $250,000
55% on income over $325,000
65% on income over $450,000
75% on income over $900,000
and...
Top M.R. 90% on income over $1.5 million

 

NOt only do they not know enough what they do know is often false.

 

Ah, the parable of the Rich young Ruler one of the worst taught most abused scriptures in the New Testament.

 

Ahem..... speaking of not knowing enough.....

 

Let's be honest here no one ever knows enough. We don't live long enough and there simply is way to much info to be acquired, pieced together, and reasoned out. Gaining of knowledge and more importantly wisdom is a constant process of picking up a piece here another there and then trying to figure out how they fit together and into the incomplete mosaic you have already assembled.

 

Ahem...Kode you do realize that all taxes imposed on corporations are passed along to the consumers....or is this news to you?

 

huh? Sorry, I can't get past that. It may be intended to set the context for the remainder of your post but it's unintelligible.

 

No, the fact that that is not true IS DEFINITELY NEWS TO YOU THOUGH! Prices are set at what the market will bear. If what you say is true, then there would be no years in which corporations post losses.

 

Oops left out a word let me go back and insert it.

 

NO they aren't prices are set at an amount that maximizes market share. Raise the price to much and your competitors will put you out of business too low and you can't pay your bills. All costs must be covered, Taxes are a cost.

 

Go by the tax rate that made America great.

The top marginal tax rate after WWII was 92%
Kennedy dropped it to 72%

Funny, trumpers want the old days but don't have a clue what that means.

 

You contradicted yourself. Can you find it?