politics

I know an easy way to balance our budget and to make America great again. Let’s go back to 1920’s taxes adjusted to inflation.

Founder of My Democracy and host of the /politics channel.

How about 1940s-60s when the USA was thriving and the top marginal tax rate was 90%+?

I like pleasure spiked with blockchain and music is my aeroplane. It's my aeroplane. @pizzadao underboss & /politics contributor. Featured in "Number Go Up"

I want privacy and the freedom to do what I want, when I want, and where I want as long as I am harming no1. Why is that so much to ask? $BTC $XMR $ANON $BNKR

When @icetoad.eth says America was thriving under 90% marginal tax rates for the top earners he fails to mention  that the top earners actual effective tax rate was 30-40% in the 1950s because of various loopholes, deductions, and exemptions that existed back then. People love to share that 90% marginal tax rate statistic without the context of the actual effective tax rate.

Holy fuck we (lowest income earners) would only be paying 1.5-4% tax rate vs the mfing 10%-25% we do now! 

AND THATS JUST INCOME TAX! Doesn’t include sales and property taxes holy shit the burden has so obviously been shifted to our proletarian shoulders…