Abigail Disney Calls for a Wealth Tax.

**evince** · 06-22-2021, 01:16 PM

Originally Posted by Jack

"Everybody Loses Their Minds"
https://www.ccn.com/abigail-disney-w...s-their-minds/

"Disney argues that money is concentrated too heavily in a tiny fraction of the population. Wealth needs to be spread more evenly across the economy. She says that the wealthy currently have an effective tax rate of 23%. She suggests to increase it to 40%."

More is fine with me

What was the top tax rate during those years the right always wants to go back to?

**evince** · 06-22-2021, 01:17 PM

Originally Posted by Legion

If leftists want to give their money to the government, what's stopping them?

https://fiscal.treasury.gov/public/g...overnment.html

Not all do

Some are greedy assed scociopaths

**evince** · 06-22-2021, 01:17 PM

Originally Posted by Yakuda

The machinations of a simple minded leftist

The babbling of a small brained sociopath

**evince** · 06-22-2021, 01:19 PM

https://teachinghistory.org/history-...istorian/24489

the federal income tax’s “confiscatory” top rates coming out of World War II, which the Eisenhower Administration left in place into the 1960s. During the war, the top “marginal rate” was 94%, but 94% of what? Then as now, income tax rates moved up at distinct break points. In this made-up example, consider a 15% rate up to $25,000, 21% from $25,000 to $50,000, and 25% over $50,000. Those making $50,001 or more won’t pay a quarter of their total income, but rather 15% of the first $25,000, 21% of the next $25,000, and 25% of everything above $50K. That’s why the system is called progressive - the percentage rate progresses upward with income, but the higher percentage applies only to new (marginal) income above each break point. In 1944-45, “the most progressive tax years in U.S. history,” the 94% rate applied to any income above $200,000 ($2.4 million in 2009 dollars, given inflation).