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#progressiveTax
Latest posts tagged with #progressiveTax on Bluesky
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Posts tagged #progressiveTax
78yo door dasher & wife was gifted by many generous people $600,000 to stop working.
Great!
Yet people refuse to pay taxes so that every 78yo can stop working & live comfortably.
It shouldn’t just be a lucky few.
#ProgressiveTax
#SocialSecurity
#Inequality
#NordicModel
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As of Monday, individuals with $1,000,000+ in annual earnings have stopped paying into Social Security for this calendar year, according to the Center for Economic & Policy Research.
#Econsky
#Inequality
#ProgressiveTax
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Lowest-Tax Group Within Each State https://itep.org/whopays-7th-edition/
42 States tax the top 1 percent at a lower rate than the lowest 20 percent.
#Econsky
#ProgressiveTax
#Inequality
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Average Effective State and Local Tax Rates in the U.S. State and local taxes paid by residents to their home states, as a share of income, for non-senior residents https://itep.org/whopays-7th-edition/
The 10 Most Regressive State and Local Tax Systems
The 10 Least Regressive State and Local Tax Systems Taxes as a share of family income and tax features driving these outcomes
State & local taxes are regressive (poor pay more) in all but 6 states: Minnesota, Vermont, New York, California, New Jersey, Maine.
Effective National avg combined local & state tax rates by income:
Lowest 20%: 11.4%
Middle 20%: 10.5%
Top 1%: 7.2%
#Econsky
#ProgressiveTax
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With this:
- no #taxes on earnings under $25k
- no #taxes on earnings under $50k for married
- #homeownership is accessible
- #loans against #stocks are treated as income
- #capitalgains are not taxed until you cash out
- #progressiveTax up to 70% on earnings over $13 million
And no #deficit
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“My taxes shouldn’t pay for…”
The lowest ~80% get more back in benefits than they pay in taxes over their lifetime.
The next ~10% are about equal.
The top ~10% pay more than they receive but benefit the most from the system, itself. They do receive more.
#Econsky
#Inequality
#ProgressiveTax
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The answer, my friend is…
#NordicModel
#Democracy
#Regulations
#PublicEducation
#Unions
#LivingWage
#M4A
#ProgressiveTax
#PublicPensions
#PublicGoods
#SafetyNets
Bob Dylan & me.
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#NordicModel
#HighRegulations
#ProgressiveTax
#Unions
#RaiseLowWages
#PublicGoods
#SafetyNets
#PublicEducation
#CheapHousing
#M4A
#PublicChildcare
#PublicPensions
Within a more ideal “free market” economy where rules are for all (labor, consumer, citizen & employer) not just the rich.
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Scotland’s political parties.
Independence or not.
Nordic model, mixed or market economies.
Rejoin EU or not.
(Has nuance: Labour & Liberal Dems = closer alignment / improved relationship.)
#NordicModel
#ClimateChange
#ProgressiveTax
#M4A
#PublicGoods
#SafetyNets
#PublicEducation
#CheapHousing
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https://hdr.undp.org/data-center/human-development-index#/indicies/HDI
“The U.S. has declined on quality of life measures over time.”
No.
We have improved.
But “rank” has declined.
#Inequality
#NordicModel
#PublicGoods
#SafetyNets
#ProgressiveTax
#M4A
#Unions
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My posts oft have versions of:
#Inequality
#NordicModel
#PublicGoods
#SafetyNets
#ProgressiveTax
#M4A
#Unions
#Democracy
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Trends in top 10% income share: China, U.S., France https://sccei.fsi.stanford.edu/china-briefs/rise-wealth-private-property-and-income-inequality-china
Trends in bottom 50% income share: China, U.S., France https://sccei.fsi.stanford.edu/china-briefs/rise-wealth-private-property-and-income-inequality-china
The middle way = Nordic model.
Both the U.S. & China (nearly as bad) have growing inequality.
Trends in top 10% income share: China, U.S., France.
Trends in bottom 50% income share: China,
U.S., France.
#Inequality
#NordicModel
#PublicGoods
#SafetyNets
#ProgressiveTax
#M4A
#Unions
#Democracy
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https://fred.stlouisfed.org/graph/?g=1Q5po
Shares of gross domestic income 1974-2024
Compensation went from ~50% to ~40%.
Profits after tax went from ~5% to ~10%.
#LivingWage
#ProgressiveTax
#Econsky
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That's today. #MNleg #DFL #affordability #taxes #TaxTheRich #ProgressiveTax #BillionaireTax #TaxWealth
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What if we taxed what people spend, not what they earn?
#Business #Economy #Taxation #IncomeTax #TaxReform #ProgressiveTax #ConsumptionTax #Economics #Saving #FinancialSecurity #WealthDistribution #FiscalPolicy #EconomicGrowth #IncomeInequality #The14
the-14.com/what-if-we-t...
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"In the end, government either serves the… American citizen, or it serves those who break the laws, cheat the system & seek power & profit...”
-Paraphrase of
DJT 12/17/25
#Democracy
#Unions
#M4A
#PublicEducation
#ProgressiveTax
#LivingWage
#PublicGoods
#SafetyNets
#NordicModel
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The older I get, the more my politics mature from childish, naïve beliefs to more serious, adult principles that elementary kids understand:
expand freedom, reduce suffering & judge by outcomes.
#NordicModel
#Democracy
#LivingWage
#M4A
#PublicEducation
#ProgressiveTax
#PublicGoods
#SafetyNets
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The answer, my friend is…
#Democracy
#M4A
#PublicEducation
#LivingWage
#ProgressiveTax
#PublicGoods
#SafetyNets
#NordicModel
Bob Dylan & me.
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Insisting on "holding accountable" the "other team"
is simply a waste of time & energy.
What about real system changes that help Americans?
Do something that helps!
#M4A
#PublicEducation
#Regulations
#ProgressiveTax
#PublicGoods
#SafetyNets
#NordicModel
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3-posts
Marx was critical but analytical, mostly describing, but also (poorly) predicting, not prescribing.
Most of his commentary shows why
#Democracy
#M4A
#PublicEducation
#Regulations
#ProgressiveTax
#PublicGoods
#SafetyNets
#NordicModel
IS the best measured outcomes thus-far.
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If all of your needs & even wants are met, why would you still predict or prescribe a Revolution?
#M4A
#PublicEducation
#Regulations
#ProgressiveTax
#PublicGoods
#SafetyNets
#NordicModel
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So many “Marxists” & “Materialists” & “Communists” demanding (moral & ideal) change, while Marx ONLY described & predicted without aim.
“Classless, stateless” is framed as materially likely, not a moral goal.
#M4A
#PublicEducation
#Regulations
#ProgressiveTax
#PublicGoods
#SafetyNets
#NordicModel
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Marx didn’t prescribe change as a (moral) goal.
He analyzed Capitalism & described & predicted that its internal contradictions would produce change.
The change:
#M4A
#PublicEducation
#Regulations
#ProgressiveTax
#PublicGoods
#SafetyNets
#NordicModel
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#M4A
#LivingWage
#PublicEducation
#Regulations
#ProgressiveTax
#PublicGoods
#SafetyNets
#NordicModel
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“Capitalism kills”
Not with…
#M4A
#ProgressiveTax
#Regulations
#Unions
#PublicGoods
#SafetyNets
#NordicModel
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Nordic Model
not laissez-faire
not Socialist states with Communist Parties.
#NordicModel
#FixCapitalism
#PublicGoods
#SafetyNets
#Regulation
#ProgressiveTax
#Econsky
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Replying to @pnm0118 How hard is it to grasp the concept that if you have to spent a larger percentage of your earnings, a larger percentage of your overall earnings will have gone to tarriffs. This is a REGRESSIVE tax on… http://dlvr.it/TMR24f #taxation #tax #taxtok #regressivetax #progressivetax
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