People who don't understand marginal tax rates should shut up

[SHRED]

My son-in-law told my other daughter (not his wife) that Bernie wants to tax incomes of $700K at 90% and $150K at 70%.
Even if he was correct, he gave the impression the higher rates would be on the entire amount.

I'll straighten him out when I get a chance but this is the bullsh*t we are dealing with.
People spewing lies topped off with ignorance.
And he told her Bernie is a "socialist".

This is part of what we are up against.

[valerief]

1. Teh Stoooopid seems to be winning in the U.S.

[merrily]

2. Yes. As should people who pretend not to understand progressive tax rates.

[SHRED]

3. yes...those would be the "half-truth" liars

[arcane1]

4. And people who LIE about tax rates should go fuck themselves.

Starting with Jennifer Granholm.

[SoapBox]

12. Yes!

I used to really like her when she had her show.

Now? Ugh!

She became just another Bot.

[Enthusiast]

16. Huge +1!

[LiberalArkie]

5. All you have to do is remember that Idiocracy is in fact a documentary sent from the future

to warn us.

[Kalidurga]

13. I told my daughter that and all she said was...

I know right!

[Fawke Em]

6. People don't understand marginal tax rates.

I have Twitter "wars" with these idiots regularly.

[SHRED]

7. I probably should have called them "marginal tax rates"

[SHRED]

8. fixed it

[phantom power]

9. I'm not even sure a lot of accountants understand this.

At least, based on their 'avoid moving into higher brackets at all costs' attitudes

[Lydia Leftcoast]

10. They also don't understand that profit is not the same as retail markup

That is, if a company makes 2% profit, that does NOT mean that their retail prices are only 2% over the wholesale prices of their merchandise.

[jonno99]

11. Agreed. However, you could have left out the fact that the guy is a vet. It has

no bearing on the story and (imho) comes across as a cheap shot.

My two cents...

[SHRED]

14. I'll remove that

Good point

[Enthusiast]

15. The evil forces are trying to muddy the water.

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