Rep. Alexandria Ocasio-Cortez wants to debunk misleading representations of her proposed 70% marginal tax rate.That was fun to watch in addition to being informative. If Stephen and AOC didn't give enough details for my readers, How tax brackets actually work from Vox just might do the trick.
There is a common misunderstanding about how tax brackets work in the US, and it’s causing us to have uninformed debates about taxes.Here's to hoping my readers are smarter about tax brackets and less afraid of high marginal tax rates. Besides, a 70% top marginal tax bracket was good enough for Dick Nixon, who was not only not a liberal, but an avowed anti-communist.
The TEx crew took a deep dive into Representative Alexandria Ocasio-Cortez's proposal for a marginal tax rate of 70% for top earners in America. A lot of people are upset, and even more have no idea how it works.
When Rep. Alexandria Ocasio-Cortez proposed a 70 percent top income tax rate, many conservatives started saying Democrats wants to take away 70 percent of Americans’ hard-earned money. This is not only wrong, but it takes advantage of something Americans have long misunderstood: tax brackets. It’s time to fix that with a simple, paper-made video.
I'm sure I'll have more to write about Representative Ocasio-Cortez in the future. In the meantime, stay tuned for an entry celebrating Irish Coffee Day and Coffee Party USA's birthday followed by a post or two I promised about the Oscar nominees.