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Replying to @ScottWalker Here fixed it for you "Explaining tax rates before Reagan to 5th graders: "lmagine if you did chores for your grandma and she gave you $10mm. When you got home, your parents took $7mm to pay for your house, insurance, sidewalks, & security against bullies in your neighborhood."

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Replying to @ScottWalker Why not explain it properly: "imagine if you did chores for your grandma and she gave you $10, and your parents took none of it, then the rich a------ down the street made $10 million, and the government let them keep several million, but kept some to build schools and roads"

1/2 How about this way: "lmagine if you did chores for your grandma and she gave you $10. When you got home, your parents took $3.50 from you. In exchange, they give you a place to live, food, and medical care."

2) Here, I corrected it: "Imagine if you did chores for your grandma & she gave you $10. When you got home, your parents took $0 from you because you only made $10, you're not taxed! Once you made $1m, you'd be taxed at 70% for every dollar OVER $1m. But you'd be a millionaire!"

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okay so a lot of (rich, white) folks are freaking out about what a 70% tax rate on the wealthy would look like and they’re scared about it and shit (even though it’s literally what rich baby boomers already dealt with). SO LET’S DO THE MATH.

Dianna E. Anderson @diannaeanderson Jan 4 okay so a lot of (rich, white) folks are freaking out about what a 70% tax rate on the wealthy would look like and they're scared about it and s--- (even though it's literally what rich baby boomers already dealt with). SO LET'S DO THE MATHH 1.6K 34K 80K Dianna E. Anderson @diannaeanderson Jan 4 Post WWII, the tax rate peaked at 94% on annual income over $200,000 ($3mil in 2018 dollars). In the decades following, it dropped to a marginal tax rate of 70% of all income over 200k/annually (again, 2-3mil in today's dollars, depending on year). Dianna E. Anderson-Φ @diannaeanderson , Jan 4 Here's a thing a lot of folks don't understand: we have a tax system in the US that only taxes money above the "bracket." So, say the cut off for a particular percentage is 250k and you made 254k last year. The entire thing wouldn't be taxed at the higher rate. Just the 4k. 146 t 5.3K 19K Dianna E. Anderson @diannaeanderson Jan 4 So this doesn't mean that all rich people would suddenly have to give up 70% of their income. Thanks to the way tax brackets work, they would only be taxed at the rate for the money above the cut off. So it isn't a 70% flat tax-which the GOP are depending on you misunderstanding.

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Explaining marginal taxes to a far-right former Governor: Imagine if you did chores for abuela & she gave you $10. When you got home, you got to keep it, because it’s only $10. Then we taxed the billionaire in town because he’s making tons of money underp

Alexandria Ocasio-Cortez @AOC Explaining marginal taxes to a far-right former Governor: gave you $10. When you got home, you got to keep it, because it's only $10. Then we taxed the billionaire in town because he's making tons of money underpaying the townspeople Scott Walker@ScottWalker Explaining tax rates before Reagan to 5th graders: "lmagine if you did chores for your grandma and she gave you $10. When you got home, your parents took $7 from you." The students said: "That's not fair!" Even 5th graders get it.

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Imagine if you did your chores for your grandma and she gave you $10,000,010. When you got home your parents took $7 from you. (assuming you pay the regular tax rate for the first $10M).

Imagine if you did your chores for your grandma and she gave you $10,000,010 When you got home your parents took $7 from you. (assuming you pay the regular tax rate for the first $10M). Scott Walker@ScottWalker Explaining tax rates before Reagan to 5th graders: "Imagine if you did chores for your grandma and she gave you $10. When you got home, your parents took $7 from you." The students said: "That's not fair!" Even 5th graders get it.

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This is NOT how pre-Reagan progressive tax rate works @ScottWalker I can't believe you made it this far thinking that, for example, a 70% tax rate means someone making $1000 a month takes home only $300. IRS explains it here: https://apps.irs.gov/app/unde

Michael Shermer @michaelshermer This is NOT how pre-Reagan progressive tax rate works @Scott Walker I can't believe you made it this far thinking that, for example, a 70% tax rate means someone making $1000 a month takes home only $300. IRS explains it here: apps.irs.gov/app/understand Oppose it, ok, but understand! Scott Walker @ScottWalker Explaining tax rates before Reagan to 5th graders: "Imagine if you did chores for your grandma and she gave you $10. When you got home, your parents took $7 from you." The students said: "That's not fair!" Even 5th graders get it.

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Explaining tax rates before Reagan to 5th graders: “Imagine if you did chores for your grandma and she gave you $10. When you got home, your parents took $7 from you.” The students said: “That’s not fair!” Even 5th graders get it.

Scott Walker ) SoottWalker Explaining tax rates before Reagan to 5th graders: "Imagine if you did chores for your grandma and she gave you $10. When you got home, your parents took $7 from you." The students said: "That's not fair" Even 5th graders get it.

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"Imagine If You Did Chores for your Grandma" - Here fixed it for you “Explaining tax rates before Reagan to 5th graders: “Imagine if you did chores for your grandma and she gave you $10mm. When ...

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Replying to @ScottWalker Here fixed it for you "Explaining tax rates before Reagan to 5th graders: "lmagine if you did chores for your grandma and she gave you $10mm. When you got home, your parents took $7mm to pay for your house, insurance, sidewalks, & security against bullies in your neighborhood."

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