Bannon pushing for 44% tax rate on earners over $5m

Scoop

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The current top bracket is 39.6% on incomes of $418,400 or more. This would in essence create a new bracket for the ultra wealthy.

The increase would reportedly go towards tax cuts for lower brackets.

 

Geek Nasty

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I'm actually not for this. The people you end up hitting are the small business guys making that viral product and getting paid. The people you NEED to go after are corporations that don't pay ANY taxes because of loopholes.

We get conned by the term "rich" and end up targetting doctors and managers instead of CEOs (making all their money off stocks and options).
 

GnauzBookOfRhymes

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I'm actually not for this. The people you end up hitting are the small business guys making that viral product and getting paid. The people you NEED to go after are corporations that don't pay ANY taxes because of loopholes.

We get conned by the term "rich" and end up targetting doctors and managers instead of CEOs (making all their money off stocks and options).

:hhh:

Our tax rates are way too fukking high across the board.

Most people in those brackets don't end up paying anywhere near those percentages. Those rates are illusory.
 

Meta Reign

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I'm actually not for this. The people you end up hitting are the small business guys making that viral product and getting paid. The people you NEED to go after are corporations that don't pay ANY taxes because of loopholes.

We get conned by the term "rich" and end up targetting doctors and managers instead of CEOs (making all their money off stocks and options).
Ding ding ding.
 
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