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Apr 23, 2021
8:02
:22
am
HarlemCoug
Free to change my mind
It's safe to assume that they already had an income tax (and probably other taxes). I've always read this passage to
mean that this guy shows up and takes 20% of everything that people owned. It was an additional tax on top of the other taxes already in place.
This message has been modified
Originally posted on Apr 23, 2021 at 8:02:22am
Message modified by HarlemCoug on Apr 23, 2021 at 8:03:09am
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HarlemCoug
Previous username
Big12
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HarlemCoug
Joined
Sep 8, 2014
Last login
May 21, 2024
Total posts
32,431 (4,063 FO)
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Messages
Author
Time
POLL: Do you want the capital gains tax rate to increase to 40%
dawgbite
4/22/21 8:46pm
I think all wages should be given to the government and redistributed. -CBlibs
CougCoug3
4/22/21 8:47pm
Wrong
stoils
4/22/21 9:08pm
And it's simply not right
2FarGone
4/22/21 8:48pm
It looks like one person didn't understand the question.
crack
4/22/21 8:53pm
Doesnt understand that everyone but politicians loses in this scenario.
panacablue
4/22/21 8:56pm
Economic killer on everybody. Government will just go and spend it on golfcarts
Chefcurry
4/22/21 8:53pm
I am confused why anyone thinks the government can do anything with money better
crack
4/22/21 8:55pm
Maybe they have a cushy goverment job
AZ Coug
4/22/21 9:04pm
<< Deleted >>
Buffalo
4/22/21 8:57pm
Terrible policy, but would give more incentive to companies to issue dividends
IUCougar
4/22/21 8:57pm
But growth usually means adding jobs and often times helps to drive up salaries. Cash flow will mean sticking money away
specsauce
4/22/21 9:00pm
50% of cb makes a million a year? I guess TNT has been right all these years.
kolob32
4/22/21 8:59pm
Even if you are not paying the TAX, it still affects you. Too bad libs don’t
stoils
4/22/21 9:15pm
Millionaires this time, then those making $250k then $160k. It's a slow boil we've seen before.
HuskerFan2
4/22/21 9:16pm
Baahaa if you think this will ultimately only be ‘millionaires’ affected then
kotacoug
4/22/21 9:20pm
From the BofM
geddylee
4/22/21 9:58pm
Awesome reference and great quote at the end!!!
dawgbite
4/22/21 10:16pm
20% was too much back then. Ugh. How anyone can support the government reach
crack
4/22/21 10:22pm
to clarify - he issued a 20% wealth tax (aka an asset tax). In the US our wealth tax is 0%.
HarlemCoug
4/22/21 11:24pm
A 20% wealth tax would be nothing compared to 15.3% payroll tax plus fed income tax. To say nothing of
mvtoro
4/23/21 2:53am
It's safe to assume that they already had an income tax (and probably other taxes). I've always read this passage to
HarlemCoug
4/23/21 8:02am
I don’t know why income tax is a safe assumption. True income taxation didn’t happen till 1799 in Britain as far as we
mvtoro
4/23/21 1:05pm
I'm still trying to recover from my guns being confiscated.
Kauai
4/22/21 11:59pm
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