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Red Steele
Veteran Advisor

Look at Barry Sanders proposed tax rates, BA

top earners should pay greater than 50% in federal income tax, alone.

 

Estate Tax....lower the exemption to $3.5 million....hike the rate to 55%

 

Billionaires....extra 10% surtax....effective federal rate would be 65%....in a state like MN, over 75% of your estate would go to the govt

 

Lower annual gift tax exclusion to $10,000

 

No Valuation discounts

 

Financial transaction tax of .5% to fund his college utopia scheme.

 

Hike payroll taxes

 

Hike Corporate taxes.

 

If you like higher taxes, you are going to love Barry Sanders.

13 Replies
BA Deere
Honored Advisor

Re: Look at Barry Sanders proposed tax rates, BA

That`s right Red, a communist like Sanders that would soak what he calls 'rich" on the federal level, then if you live in a socialist state they would relieve you of everything that you have left.  Everyone would end up herded into the ciries at the same bland job, live in the same bland apartment and ride the same bland bicycle.  He would be a bigger disaster than Hillary, at least she would hopefully know enough to not "kill the goose". 

 

Trump 2016!

OKdon
Senior Contributor

Re: Look at Barry Sanders proposed tax rates, BA

Your source please?

hardnox
Advisor

Re: Look at Barry Sanders proposed tax rates, BA

If for no other reason that'll make it fun to see the arguments on why the 98% of people who won't be negatively impacted should oppose it.

 

 

Red Steele
Veteran Advisor

Re: Look at Barry Sanders proposed tax rates, BA

America is great because of guys that work their azzes off to make a fortune, not because of guys like Sanders that wish to tax fortunes.

 

The liberals that don't get this are dumber than rocks, and that is being generous.

hardnox
Advisor

Re: Look at Barry Sanders proposed tax rates, BA

The beneficiaries worked their azzes off to have the right parents.

 

 

hobbyfarm2145365
Senior Contributor

Re: Look at Barry Sanders proposed tax rates, BA

 i know sevreal guys as you mention made America great  but none of them are farmers.  

OKdon
Senior Contributor

Re: Look at Barry Sanders proposed tax rates, BA

I will submit that there are a whole lot of folks that are working there azzes off and still not paying taxes. You seem like your abused when you get exactly the same exemptions as they do but they aren't paid enough to owe taxes.

 

You are simply anti government. You want things from government but refuse to pay for it. The gov't pays for you equipment in part and pays your interest bill on borrowed money on both operations and capital investment. Then you make $1 mill on one little parcel and you don't want to pay capital gains which government helps you earn. You don't want to pay taxes but you want to oppress the earnings of those that do. Strange logic.

OKdon
Senior Contributor

Re: B-E-R-N-I-E SANDERS not Barry Sanders

If your such an expert on tax policy, why can't you keep the candidates name straight. But then you show off your ignorance almost daily by calling people by other than their given name Cowardly soul cannot even use your real name but don't have enough respect to use the competitors chosen name.

Milligan Hay - Iowa d:^)
Veteran Advisor

Re: B-E-R-N-I-E SANDERS not Barry Sanders


@OKdon wrote:

If your such an expert on tax policy, why can't you keep the candidates name straight. But then you show off your ignorance almost daily by calling people by other than their given name Cowardly soul cannot even use your real name but don't have enough respect to use the competitors chosen name.

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Maybe the term "Zero 2.0" would be more accurate. Any way that you look at it, it is a disaster and a continuation of the downward spiral. 😞