General Discussion

popsdenver

(2,024 posts)

43. Exactly Blue

Mon Feb 23, 2026, 02:23 PM

20 hrs ago

The tax rate for the rich was that, prior to Reagan......(Actually HWBush & Cabal).........
They did a whole big bunch of things that effected the Middle AND Lower classes.
Not only did he demolish the upper tax rates......
He also DOUBLED the Mandatory SSI, (etc) tax deductions for the "wage" ("earned income)" earners from 7.5 to 15%.
Of course the wealthy don't have "wages" but income from investments that can be manipulated and taxed at a much lower rate.....and/or just grow at investment rates, untouched until they are sold at the lower tax rate. However, if they just accumulate, and are inherited, there is no tax until it reaches a rather large amount of Millions.......and THAT number has been greatly reduced over the last 45+ years??????

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Bluetus

47 replies

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Highlight:

The Trump tariffs scam in a nutshell [View all] dalton99a Sunday OP

DURec leftstreet Sunday #1

Not a logical step Roy Rolling Yesterday #37

let me make a small correction... Javaman Yesterday #40

The companies will then be expected to donate some of their profits back to Trump. Irish_Dem Sunday #2

The state it was sold in made additional sales tax revenue due to the tariffs as well MichMan Sunday #3

Except sector tariffs like auto parts are not covered by the SCOTUS ruling Fiendish Thingy Sunday #4

No incentive to lower price Randomthought Sunday #5

+1. Corporations rarely lower prices once they have raised them. dalton99a Sunday #8

That's the most important aspect of this. Probatim Sunday #20

And their competition raises prices as well Tasmanian Devil Sunday #33

A Different Nutshell Heard From: The Tariff Monies Went Straight Into.... ColoringFool Sunday #6

That is not true. The tariffs went straight into the US Treasury. Wiz Imp Sunday #25

Is That Sarcastic Towards Me Or Trump? ColoringFool Sunday #31

Wow. Wiz Imp Sunday #32

I don't think anybody questions that the tariff money goes to the Treasury. That's the wrong question. Bluetus Sunday #34

I agree with that. Wiz Imp Sunday #35

If the money deposited in the Treasury was, say, $225B, I wonder Bluetus 23 hrs ago #42

Well, That Tidy Little Sum Of $10 Billion For The "Board Of Peace"....... ColoringFool Sunday #36

Agree, but it's missing one step gulliver Sunday #7

ha ha ha ha ha ha ha haha haha ha ha ha ha ha ha bsiebs Sunday #10

Lol gulliver Sunday #12

Tariffs are just baked into the price and aren't listed separately on invoices provided to customers. Shermann Sunday #9

We had some online purchases that did have line item tariff charges added. Hope22 Yesterday #39

Yes and no. Ms. Toad Sunday #11

Thanks. progressoid Sunday #21

This is a very real scenario. And nosice there was an extra $25 of price gouging in this example. Bluetus Sunday #13

+1. Companies have also been raising prices because of "oh, inflation" dalton99a Sunday #16

All of the corporations popsdenver Sunday #22

Yep, purely profit-driven. dalton99a Sunday #29

There is a simple solution to most of our economic issues Bluetus Sunday #30

Exactly Blue popsdenver 20 hrs ago #43

Exactly. Everything has been shifted toward wealth accumulation Bluetus 18 hrs ago #44

AND, has been, esp since 1980 popsdenver 18 hrs ago #45

And that we have mostly been sleeping through this rise of fascism. Bluetus 15 hrs ago #46

I have been popsdenver 15 hrs ago #47

There it is. 2naSalit Sunday #14

Pretty much Demixs Sunday #15

I've always said tariffs tranfer money from consumers to the Treasury. CaptainTruth Sunday #17

Exactly--it is a potential windfall for companies that passed the tariffs straight on the the consumers. Ol Janx Spirit Sunday #18

Good luck ever seeing a penny of that refund. xuplate Sunday #19

THIS! Mr.Bee Sunday #23

They are robbing us blind in so many ways! debsy Sunday #24

By the time he gets bout of here the debt will be beyond astronomical! Hope22 Yesterday #41

It's been a total crap shoot MadScout Sunday #26

We will never see a dime. I doubt companies, who technically paid the tariff will either. themaguffin Sunday #27

Greedy grifters.......ALL of them vapor2 Sunday #28

Hell, that is the description of our entire society, not just those tariffs. (n/t) OldBaldy1701E Yesterday #38