AOC sat down with her Ouija board and determined that no one in America should make more than ten million dollars a year. After that, every dollar above that mark gets taxed at 70%. She uses the argument that the top earners used to pay 90% in income tax.
The only problem is that she is dead wrong bout that. While it is true the top marginal rate was about 90%, the average taxes paid by people in that group had a lot of write offs and loopholes. The average tax rate paid by people in the 90% bracket only actually paid 31% on average.
I’m assuming she does not have a computer and wouldn’t know how to operate it if she did.
Rep. Alexandria Ocasio-Cortez has decided how much money you can make before the government starts taking it from you willy-nilly. It’s about time, I say. One waits with bated breath as the Democrat from the Bronx tells us how it’s going to be, and lo, we’re expected to take it as gospel which will fully happen sometime in the near future.
In this case, the number we should be expected to keep is $10 million. That’s when her high marginal tax rates will kick in — which is nothing new, mind you, but this time she says that’s really all anybody ever needs.
According to the Daily Wire, Rep. Ocasio-Cortez made the remarks on the series premiere of “Desus & Mero,” the popular podcast-turned-late night show that recently moved to Showtime. (Ocasio-Cortez makes her appearance at 17:40 in the clip below.)
One of the hot topics was, of course, the Green New Deal and the high marginal tax rates that Ocasio-Cortez has proposed for individuals who make over $10 million.
https://youtu.be/TgYJgM9pFaA