Message from @sɪᴅɪsɴᴏᴛʜᴇʀᴇ

Discord ID: 534857696646791179


2019-01-15 21:51:42 UTC  

THERE HAS NEVER BEEN AN INCOME TAX PAID OVER 45%

2019-01-15 21:51:43 UTC  

NEVER

2019-01-15 21:51:48 UTC  
2019-01-15 21:51:59 UTC  

You must look at the effective tax rate paid, which is the highest ever being 45%

2019-01-15 21:53:45 UTC  

But yeah it would crash the economy

2019-01-15 21:54:04 UTC  

Tax hikes is what causes an economic crash or delays a pre existing recession

2019-01-15 21:54:14 UTC  

Not tax cuts

2019-01-15 22:10:32 UTC  

Tax hikes can slow a boom

2019-01-15 22:10:39 UTC  

But only if they’re done properly

2019-01-15 22:10:50 UTC  

They should be countered with tax cuts during recession

2019-01-15 22:11:05 UTC  

wut

2019-01-15 22:11:22 UTC  

Hi

2019-01-15 22:11:25 UTC  

Wdym

2019-01-15 22:11:33 UTC  

As in

2019-01-15 22:12:13 UTC  

Tax hikes can break a boom positive loop, whatever the cause, thereby deflating a bubble before it has the chance to become dangerous and big enough to bust

2019-01-15 22:12:55 UTC  

Gtg again

2019-01-15 22:12:59 UTC  

Pce

2019-01-15 22:13:16 UTC  

A tax hike would slow the boom but it would have the same effect on the bust but it would delay the recovery

2019-01-15 22:13:23 UTC  

Since you’re not letting the market act

2019-01-15 22:13:32 UTC  

A government can’t do anything to reduce the bust or recovery

2019-01-15 22:13:36 UTC  

It can only let the market work

2019-01-15 22:13:42 UTC  

That's literally a lie, we have had tax rates well above 45%

2019-01-15 22:13:55 UTC  

It was 50% for most of Reagans' presidency

2019-01-15 22:14:06 UTC  

Around 50%, not sure what the exact amount was

2019-01-15 22:15:37 UTC  
2019-01-15 22:15:47 UTC  

Effective tax rate is the amount of tax really paid

2019-01-15 22:15:52 UTC  

Under Reagan it was around 20

2019-01-15 22:15:55 UTC  

Or less

2019-01-15 22:17:18 UTC  

She didn't propose a 70% effective tax rate

2019-01-15 22:18:11 UTC  

Then what’s the point of having a 70% tax rate if it doesn’t even work

2019-01-15 22:18:12 UTC  

lol

2019-01-15 22:18:22 UTC  

You’re just going to put the burden on the middle class then I presume

2019-01-15 22:18:34 UTC  

Not to mention you’ll Over spend thinking revenue is coming

2019-01-15 22:44:49 UTC  

A 70% marginal rate was never intended to collect 70% of one’s income lamo

2019-01-16 00:32:22 UTC  

@Toro guys make questionable moves sure

2019-01-16 00:32:35 UTC  

but when they make those moves everyone gets pissed asf

2019-01-16 00:32:46 UTC  

rarely will they get away with no consequences

2019-01-16 00:32:59 UTC  

but when women act similar people don't take it nearly as seriously

2019-01-16 00:40:49 UTC  

I'm glad its different where you live but from my experience, people don't get particularly pissed at stuff like that

2019-01-16 00:42:23 UTC  

In most cases, it's different when a women hits a man then when a man hits a women