Author Topic: Julian Castro cites 90 percent tax on rich in defending Alexandria Ocasio-Cortez on tax hikes  (Read 1092 times)

0 Members and 1 Guest are viewing this topic.

Offline mystery-ak

  • Owner
  • Administrator
  • ******
  • Posts: 286,238
  • Gender: Female
Julian Castro cites 90 percent tax on rich in defending Alexandria Ocasio-Cortez on tax hikes
by Naomi Lim
 | January 06, 2019 06:56 PM

Likely 2020 Democratic presidential candidate Julian Castro agrees with Rep. Alexandria Ocasio-Cortez that tax rates on some of the wealthiest Americans should skyrocket.

"Oh, I can support folks at the top paying their fair share," Castro told ABC News' "This Week" on Sunday when asked directly whether he could endorse the high-profile New York Democrat's idea.

The Obama-era Housing and Urban Development secretary, who is expected to officially announce he's running for the White House this week, made the comments after Ocasio-Cortez caught flak for suggesting people earning more than $10 million could be taxed between "60 or 70 percent."

In offering support to Ocasio-Cortez, Castro provided historical context given the current highest marginal income tax bracket is 37 percent for those receiving more than $500,000 a year.

more
https://www.washingtonexaminer.com/news/julian-castro-cites-90-percent-tax-on-rich-in-defending-alexandria-ocasio-cortez-on-tax-hikes
Support the USO
Democrat Party...the Party of Infanticide
STFU Rudy

Offline The Ghost

  • Very Special Agent and
  • TBR Contributor
  • *****
  • Posts: 10,923
  • Gender: Male
Those two socialist will not be happy until we are the new venezuela.



Venezuela went from a rich democracy to a dictatorship on the brink of collapse. 
« Last Edit: January 07, 2019, 01:29:04 PM by The Ghost »

Offline austingirl

  • Hero Member
  • ****
  • Posts: 8,567
  • Gender: Female
  • Cruz 2016- a Constitutional Conservative at last!
Julian and AOC- two geniuses right there.
Principles matter. Words matter.

Offline jmyrlefuller

  • J. Myrle Fuller
  • Hero Member
  • ****
  • Posts: 16,931
  • Gender: Male
    • Fullervision
That was also the time when the European, Japanese and Chinese economies had been obliterated by World War II and, in the last case, a Communist overthrow. We were about the only country left in the world that still had undisturbed manufacturing power.
The enemy of my enemy is not necessarily my friend. It may just be that I have two enemies.

Offline skeeter

  • Hero Member
  • ****
  • Posts: 14,779
  • Gender: Male
I wonder if they're also proposing to use the same income brackets time adjusted for inflation, and add back in all of the deductions available back in the day, too.

Offline austingirl

  • Hero Member
  • ****
  • Posts: 8,567
  • Gender: Female
  • Cruz 2016- a Constitutional Conservative at last!
I wonder if they're also proposing to use the same income brackets time adjusted for inflation, and add back in all of the deductions available back in the day, too.

Of course not, they live the history of now as Andrew Wilkow says.
Principles matter. Words matter.

Offline skeeter

  • Hero Member
  • ****
  • Posts: 14,779
  • Gender: Male
Of course not, they live the history of now as Andrew Wilkow says.

Of course not. All they heard in college was 'they had 90% tax rates back then' and they're going with it.

Offline mountaineer

  • Hero Member
  • ****
  • Posts: 45,797
And not a single one of the Democrat millionaires in Congress ever will pay a 90% tax. That's only for the "tippy top" (as AOC calls them) who live in the real world.
The current culture deviated radically from previous human experience, ruthlessly reducing each woman and man to mere political units to be manipulated, balkanizing them into communities according to their likes and dislikes, so everything from cars to candy bars could be more effectively marketed, robbing them of their privacy, denying them both a real community of diverse views and the possibility of personal evolution by censoring the world they saw through the Internet to make it conform to the preferred beliefs of their self-appointed betters. - Dean Koontz

Online jpsb

  • Hero Member
  • ****
  • Posts: 5,038
  • Gender: Male
Hell make it 100%. If 90% is good 100% got to be better. And why just income over 10 mil? Make it 100% on all income with no loop holes like 401Ks or IRAs.

Offline mountaineer

  • Hero Member
  • ****
  • Posts: 45,797
I recently read about there being a 102% tax in Sweden (you know, the country AOC wants to turn the US into). I'm sure the Marxists in Congress would approve.
Quote
Astrid Lindgren spoke, people listened
Astrid Lindgren was so much more than a best-selling author of children’s books like Pippi Longstocking. She was also an important opinion former who helped unseat a Swedish government, influenced changes in the law and even inspired anarchists.


Astrid Lindgren is the eighteenth most translated author in the world, and one of the most well-known Swedish authors. She became an author relatively late in life, and an influential voice on everyday issues even later. Because of her popularity, people listened to what Lindgren had to say.

At the age of 68 she submitted an opinion piece to the Swedish daily Expressen on the subject of a loophole in the Swedish tax system, which meant that she, as a self-employed writer, had to pay 102 per cent tax on her income. Lindgren wrote the piece in the style of a fairytale, and it had an immediate impact. ‘Pomperipossa in Monismania’, published in 1976, became front-page news and led not only to a change in the tax law, but eventually to the fall of the social democratic government that had been in power for 44 years. ...
Full story
The current culture deviated radically from previous human experience, ruthlessly reducing each woman and man to mere political units to be manipulated, balkanizing them into communities according to their likes and dislikes, so everything from cars to candy bars could be more effectively marketed, robbing them of their privacy, denying them both a real community of diverse views and the possibility of personal evolution by censoring the world they saw through the Internet to make it conform to the preferred beliefs of their self-appointed betters. - Dean Koontz

Offline austingirl

  • Hero Member
  • ****
  • Posts: 8,567
  • Gender: Female
  • Cruz 2016- a Constitutional Conservative at last!
Hell make it 100%. If 90% is good 100% got to be better. And why just income over 10 mil? Make it 100% on all income with no loop holes like 401Ks or IRAs.

That's the goal. Take all our income and decide how big an allowance we get. After all, we all belong to the government as some democrat trial balloon noted.
Principles matter. Words matter.


Share me

Digg  Facebook  SlashDot  Delicious  Technorati  Twitter  Google  Yahoo
Smf