THERE HAS NEVER BEEN AN INCOME TAX PAID OVER 45%

NEVER

@Neco2040

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

But yeah it would crash the economy

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

Not tax cuts

Tax hikes can slow a boom

But only if they’re done properly

They should be countered with tax cuts during recession

wut

@Leo (BillNyeLand)

Hi

Wdym

As in

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

Gtg again

Pce

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

Since you’re not letting the market act

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

It can only let the market work

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

It was 50% for most of Reagans' presidency

Around 50%, not sure what the exact amount was

@Neco2040 dude

Effective tax rate is the amount of tax really paid

Under Reagan it was around 20

Or less

She didn't propose a 70% effective tax rate

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

lol

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

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

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

@Toro guys make questionable moves sure

but when they make those moves everyone gets pissed asf

rarely will they get away with no consequences

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

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

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