NFL owner’s superyacht catches the attention of a Presidential candidate

Getty Images

When it comes to keeping up with the Joneses, Daniel Snyder continues to fall short. And the competition regarding which man has the biggest five-letter thing (yacht, or otherwise) has caught the attention of one of the umpteen candidates for the Democratic nomination for the Presidency in 2020.

Elizabeth Warren has taken to Twitter to call out the Washington owner for his purchase of a very big boat.

“This billionaire NFL owner just paid $100M for a ‘superyacht’ with its own iMax theater,” Warren said. “I’m pretty sure he can pay my new #UltraMillionaireTax to help the millions of yacht-less Americans struggling with student loan debt.”

The Senator from Massachusetts would surely feel the same way about the new superyacht purchased by Cowboys owner Jerry Jones, whose new boat cost a whopping $250 million.

Warren wants, on top of all other taxes, a two-percent surcharge to be imposed on personal fortunes of $50 million or more, with the number moving to three percent at $1 billion. Warren recently tried to justify the plan in an appearance on MSNBC, essentially arguing that someone with $50 million in the bank and $50,000 in annual income pays the same amount of taxes as someone with $50 in the bank and $50,000 in annual income. But anyone with a fortune of $50 million and an interest rate of only three percent (someone with $50 million can do much better than that) has an income of $1.5 million per year, and pays the taxes on it.

Although I’ll never have $50 million much less $1 billion (but I’d would welcome either development), the idea of being taxed at every step of the earning process and then to be taxed again on the accumulated net income on which taxes have already been paid seems unfair, no matter how much money someone acquires. And if the argument is (as it appears to be) that much of those fortunes are held not by the people who earned the money but their descendants, the estate tax should take care of that concern.

Of course, none of this will matter as candidates in an already crowded field will try to find a foothold in the hopes of emerging as the eventual challenger to the incumbent Commander-in-Chief. Promising to pull a Robin Hood on the ultra-rich could be the thing that carries the day, even if it forces Snyder and/or Jones to change the name of their boats to the Maid Marian.

101 responses to “NFL owner’s superyacht catches the attention of a Presidential candidate

  1. The rich already get $11 mil per couple tax free to their descendants. Why would you call taxing them unfair? The U.S. has never been more divided economically.

  2. I, and each of my siblings struggled with student debt. But you know what? We worked our butts off and paid it off. Of course, today’s socialist thinking people thinks we should simply forgive student debt or for everyone to have to pay for it…

  3. Our entire political system is busted in this country. Trump is what we get out of that broken system. Both parties are terrible and we need new voices that actually relate to the common people and not all of these old dinosaurs that are in there now. Corporate interests have destroyed this country and every politician is owned by them.

  4. Speaking as someone who has student loan debt, I don’t need money from a tax that penalizes someone for being successful as a crutch. No one twisted my arm, I borrowed the money and now am paying it back plus interest (thus the term loan and not gift). The ones who complain are the ones who probably borrowed too much towards a worthless degree, or stayed in college pursuing other degrees to stall having to grow up and work and pay back the first one.

  5. “There are approximately 75,000 people that fit in the category of ultra-rich. And over 300,000,000 that don’t. It’s amazing that this <0.01% are so protected."

    ———–

    Yes, and those 75,000 employ the majority of the 300,000,000. It's not their problem if people decided getting a degree in Liberal Arts and Science for $200k was a good business decision. Take responsibility for your actions.

  6. I pay six digits in property tax on my business assets, along with income tax. Granted, I am not worth fifty mil, but, for a lot of landowners, if they chose to subdivide, they would beat that. I started with student loans to pay, which I did, and an old B model Mack truck. Now, 40 years later, I have 36 Kenworths newer than 2010 and 51 trailers of various types. Why take away what I have worked for just to give it to someone else? When is enough taxes enough?

  7. cueghost says:
    January 26, 2019 at 1:52 pm
    He should pay the same as anyone else.
    ———————-
    That would be a huge tax cut for him since he currently pays probably 500 times more in taxes than the average citizen.

  8. A 90% tax bracket until the early 1950’s was no problem. Now if it’s above 30% we’re redistributing the wealth.

  9. Penalizing someone for being successful and forcing them to share their success with those not as successful should not be the “American Way”. That’s what socialist countries do. Sadly I don’t think the younger generation gets that because they grew up in the era of participation trophies.

  10. Does not seem unfair to me — at all. Tax laws are unfairly tilted to favor the wealthy. The recent tax cuts are only the mot recent example. A little balancing is justified, and frankly, needed.

  11. It’s interesting that the now ridiculous and unjustifiable cost of a college education in this country compared to virtually every other industrialized nation never gets included in the discussion of student debt. Higher education has largely lost its way, becoming more of a money mill than anything else. Of course as an academic herself that would be a tough sell for Warren.

  12. Given how well the Federal government has spent the money we’ve already given them, letting them take more sounds like a GREAT idea. [end sarcasm] How about some oversight on the overseers from those who have had success in business in exchange for raising taxes? That I could get behind. And I’m not close be being a millionaire or billionaire.

  13. Flat tax. There that solves your problem. Not enough add luxury tax and or useage tax. Very simple math.

  14. I’m no fan of Dan Snyder, he’s a terrible owner, as far as NFL owners go. But he started his business empire in college and built it himself from the ground up. He employs thousands of people who are glad to have those jobs, and he pays millions in taxes every year, if not tens of millions. Making rich folks poorer never makes poor people richer. The government is the worst place to put money.

  15. I guess what I would ask is, how much is enough. We ask those among us who have the most to give more because they have more to give. When you allow most of the wealth in a country to accumulate in the hands of a small group of elites, and leave little for the majority, eventually you end up with pitchforks in the streets. We can disagree on the steps to take, but sooner, rather than later, we need to find a way to even the playing field, and, yes, redistribute some of the wealth of the country, in order to renew, and regrow our middle class.

  16. Are we really worried as we drink our beer, eat our pretzels and get ready to root for our preferred team that millionaires and billionaires might be getting a raw deal? Didn’t think so.

  17. Socialism is great until they run out of other people’s money. I remember when Jimmy Carter was President. I was making
    $ 18,000 per year. I got a bonus of
    $ 3000 and the goverment took $ 1800.
    After they spend other peoples money, they will take yours.

  18. Politicians fail to curve their own spending for expensive garbage ear marks that benefit their donors so they have to create policies that steal from others. Those super wealthy provide jobs and community support to 100s of thousands of people. More government is not the answer and never will be. Federal government should be downsized and should stay out of social servies. They should only be involved in international trade, defence, border security and infrastructure. The rest should be handled at the state and local level with minimum federal oversight.

  19. realitypolice says:
    January 26, 2019 at 2:00 pm

    cueghost says:
    January 26, 2019 at 1:52 pm
    He should pay the same as anyone else.
    ———————-
    That would be a huge tax cut for him since he currently pays probably 500 times more in taxes than the average citizen.
    ++++++++++++++++++++++++++++++++++++++++++++++++

    The Rich should be taxed according to their riches so that they have the same percentage of livable/spendable income as those struggling just to get by.

  20. I guess Ms. Warren doesn’t want the construction workers who build yacht to have jobs, or thinks its a net gain to have them get other construction jobs and push those people out of work.
    If you put aside $10,000 for college and can get a grant for $5000 and loans for $15,000 you are going to look for a college that costs $30,000. If that’s the target cost for most people, most colleges are going to set their costs at $30,000.
    The government made loans and grants easier.
    The amount you can set aside remains $10,000. But you can now get a grant for $10,000 and loans for $30,000. That does not mean you can now take a smaller loan (because of the grant) or spend the $10,000 elsewhere. It means the colleges know they can set their costs at $50,000 now.
    You don’t get nothing for the $20,000. The dorms are nicer, a new engineering building, a better cleaner quad, maybe a new pool. Hopefully a computer lab makes the cut. But the education costs more because the colleges know we can pay more.
    (I used numbers for illustration only)

    Easier loans and grants were the wrong solution to a real problem. Much like Warren’s idea is a wrong solution.

  21. His Money. His Yacht. No one stops anyone from trying to be a Billionaire. When it comes to striving to get to the top, America is a level playing field.

  22. harrisonhits2 says:
    January 26, 2019 at 1:42 pm
    The biggest problem in this country is the greedy, not the needy.
    _______________________________________________________________

    Yes, and many of them are in Congress, elected representatives that rarely act in the best interests of their constituents, but instead act in their own personal interests. They hand away billions of tax payer money to ivy league institutions, fraud, waste and abuse is rampant and they laugh it off. Do they ever take pay cuts? No, they vote and give themselves raises. Do they put their retirement solely in the hands of the stock market in the form of 401(k)s or 403(b)s? No, they get tax payer funded retirement and healthcare benefits. Will they ever agree to limit their power by passing legislation for a Constitutional amendment to impose Congressional term limits? No. The federal government collects revenue in the form of taxes and these people plunder the treasury for their own benefit and keep coming back for more.

    Our founding fathers fought a war to throw off elitist, centralized power, we face a more self-absorbed cabal of would be kings and queens now that seek to control us at our every move.

  23. I have a boat, but it didn’t cost anywhere close to what she is describing (don’t I wish!). But I wonder if she is against anyone who is a boat owner? I recall when the entire boating industry in this country came to a virtual standstill as a result of someone thinking it would be a great idea to raise the already high tax on new boats. The result was the near destruction of the domestic boat building industry with many boat builders going out of business, thousands losing their jobs and lots of working class people no longer able to afford to have any boat due to the prices of new and used boats being pushed so high. Her latest idea would have a similar effect only on a much broader scale.

  24. She is a hypocrite like all of them…she is a rich person telling us we should be mad
    At other rich people…like Harry Truman said if you get rich while you’re in office you are on the take.
    Like all of our political folks.

  25. Democrats like to get their crummy hands on other people’s money. It’s their money. Freaking earn yours.

  26. Little Danny Snyder is a curse on the Redskins. They’ll never win anything with him as owner, and I couldn’t be happier about that.

  27. Today, it’s a surtax on Jerry Jones. Tomorrow, it’ll be a surtax on NFL player salaries. After that, it’ll be a surtax on our—as in yours and my—income. Whatever happened to the JFK Democrat? Sadly, “… ask not what your country can do for you, ask what you can do for your country” has become: Ask not what you can do for your country, ask what your country can do for you—and Honduras, Guatemala, El Salvador… To its credit, our wealthy nation is generous. But even the United States—saddled with $22 trillion in national debt (roughly $180,000 per taxpayer)—can’t afford to be generous to a fault.

  28. America is a level playing field is the most shortsighted comment here. There’s systemic inequality and passive racism built into the fabric of the country.

  29. It’s baffling that so many working stiffs defend the super-rich.

    How do the super-rich make, and maintain, their money? Whatever their business, they rely on highways, ports, airports, and, most importantly, the security and stability at home and abroad, afforded by THE US MILITARY. Yes, they should pay MUCH MUCH MORE than they do. Jeff Bezos drives to work on public roads (brought to you by socialism!), same as anyone else. But then his company transports goods via trains, planes, cars and boats, networks created and maintained by government spending, and protected by our military. His wealth would not be possible without a massive amount of public funds. Why shouldn’t he pay taxes commensurate with his benefit from public spending?

    That said, my opinion of Elizabeth Warren has plummeted. I like her and hoped she would run for president, but this move is bush league, and beneath her. This is the pointless kind of class-warfare instigation that prevents real talk or change.

  30. It’s not your money. End of story. The builders of that boat, the caretakers and shipmates might take offense to your theft from their lives to underwrite French Lit majors. You use envy, hatred, jealousy and theft, all the worst traits in humanity to seize power and steal what isn’t yours. Thou shalt not steal and Thou shalt not covet are 20% of GODS 10 commandments. They aren’t suggestions, they are orders. No excuses. You are a great misleads. That is why Judeo/Christian morals are under attack. To make selfish people comfortable with immoral choices. Keep your hands in your own pocket. Btw, I’m broke on disability.

  31. re thingamajig saying 90% wasnt a problem.
    i think JFK a democrat President thought it was, he lowered rates getting more money actively in the economy.
    Yes i said a Democrat and yes a 20% cut across the board.
    Those are easily obtainable facts, not opinions and not based on political party.

  32. This notion puts the working Americans she claims to represent out of a job when demand for high end luxury goods declines. How many people making 5 figures built that yacht? I’m so embarrassed to be from MA, I miss Scott Brown

  33. So what happens in 20 years? Welfare spending goes up and becomes less efficient over time. So any plan that sounds good today will require much more money to fund 20 years from now (relative to inflation). The end result will be the working class will end up having to pay for it.

  34. It’s always cringe-worthy when college professors (current or former) act righteous about student loans. I’m sure Prof. Warren accepted every penny of her paycheck, and socked away as much as she could to avoid taxes.

    This is just a dog whistle for the victim caste, trying to build campaign buzz.

  35. The socialists in Venezuela thought it’s a great idea to rob the rich. Now the poor are starving and the political elites are fat and fighting to hold on to power. The politicians ran out of the wealth producers’ money. Even the poor here are obese.

  36. bengalsfan20 says:
    January 26, 2019 at 1:45 pm

    Our entire political system is busted in this country. Trump is what we get out of that broken system. Both parties are terrible and we need new voices that actually relate to the common people and not all of these old dinosaurs that are in there now. Corporate interests have destroyed this country and every politician is owned by them.
    ————–
    Simply put. But if people did some actual homework on Trump they would have never voted for him, because he is the perfect poster child of this corruption. His show Celebrity Apprentice is nothing more than multimillionair televangelism without God like all the others. All a pretense to your personal bias or ignorance. The original post was overwhelmingly thumbs up and if this is ultimately thumbs down that is the true American invasion of practical commonsense…

  37. Democratic Socialism is the best system. Next time you need the fire dept at your place you’ll understand that all socialism means is that we all chip in to help each other and share the burden of the expense to do that. The USA on the other hand is an Oligarchy of the rich running things and laughing at the ignorance they help foster.

  38. Funny, never heard her voice when they TAKE our tax dollars to build a new stadium, I never voted for that. She must really care about things that matter.

  39. We need TAXES, not TAX BREAKS for the wealthy, not to flog them but to take care of the millions upon millions who live pay check to pay check, piece of food to next piece of food, yes, even flight controllers and TSA people of course and the Coast Guard. The sheer amount of WEALTH we have can be used in such a way that people in the United States should be living the dream and not a nightmare. Everyone should have TOP OF THE WORLD HealthCare, Food, Schools, Education, Living Space and Freedom to become whatever he or she was meant to do or want to do. Instead we are a JOKE to the rest of the world. Even the 1 thing we spend the most money on, MILITARY, isn’t what it should be.

  40. I’m pretty sure he could pay to buy me a new house. Just because he can, doesn’t mean he should.

  41. How about instead of forcing more taxes on millionaires, we just force them to keep jobs in the USA and raise the minimum wage? The minimum wage was implemented to keep people above poverty level. It no longer does that, and hasn’t for quite some time.

  42. I don’t believe most Americans object to paying taxes, what they do object to is the incredible WASTE and INEFFICIENCY of government workers and programs. And politicians are addicted to our tax money to fund their ill conceived programs.

  43. thingamajig says:

    A 90% tax bracket until the early 1950’s was no problem.
    ===========================================

    Uh, yes it was.

  44. Democrats are truly awful. A group motivated by nothing but guilt and envy who wants to control every aspect of your life and believes in government over individual freedom.

  45. lol, all these comments are funny or maybe sad. There seems to be a contradiction on every level when people overwhelmingly agree concession fees and tickets are way too high yet hate to deride the billionaires who run the business of the NFL and their tax breaks…

  46. Robin Hood stole from the tax collectors and government, then gave it back to the poor. Progressive politics has been screwing that story up for years

  47. So a person signs off on a paper knowing full well how much debt they are taking on their back and a person wants to take money from the most successful people in our country to try to alleviate that? I just don’t get it. Doesn’t everyone realize that the richest people provide income and jobs to the rest of us? We go the way they go. If they do well, we all do well. If they do poorly we all do poorly. How did we get to the point of thinking that any of us deserve one penny of someone else’s money, rich or poor?

  48. We need TAXES, not TAX BREAKS for the wealthy, not to flog them but to take care of the millions upon millions who live pay check to pay check, piece of food to next piece of food, yes, even flight controllers and TSA people of course and the Coast Guard. The sheer amount of WEALTH we have can be used in such a way that people in the United States should be living the dream and not a nightmare. Everyone should have TOP OF THE WORLD HealthCare, Food, Schools, Education, Living Space and Freedom to become whatever he or she was meant to do or want to do. Instead we are a JOKE to the rest of the world. Even the 1 thing we spend the most money on, MILITARY, isn’t what it should be.
    ________________________________________
    There were two idealists that had the same philosophies as you…what were their names?…..oh yes, Marx and Engels. Revisit history and see how the countries that adopted those philosophies turned out.

  49. As to the notion above that the rich used roads, bridges, had military defense and other government provided tools in order to make their millions/billions…. thus he does not understand how the working man can defend them.
    Well, no one is saying the rich should not pay taxes.
    In short form
    The working man makes $50,000 and pays 25% = $12,500 in taxes (I know not true, he pays much much less)
    The millionaire makes $5,000,000 and pays 25% (yes lets play the game where the tax rates are the same) = $1,250,000. That is $1.25 million he is paying for the use of those same roads, bridges and military protection.
    And yes because the tax system is deliberately confusing, he will pay less then $12,500,000. But the gap is still true.

    There are proposals out there where he would pay $3.5 million on his $5 million income. $12,500 vs $3.5 million to use the same government provided tools because he was more successful. That’s fair?

  50. “Although I’ll never have $50 million much less $1 billion (but I’d would welcome either development), the idea of being taxed at every step of the earning process and then to be taxed again on the accumulated net income on which taxes have already been paid seems unfair.”

    ——–

    Back in the 1990s, I worked for an investment banking firm. On a trip to Los Angeles with the president of our division to whom I was a direct report. We met with litigation counsel over lunch and discussed business but the conversation turned to taxation. The president lamented the potential for increases in tax rates under a Democratic president and congress.

    I normally didn’t discuss politics with him but he had opened the door. I asked him if he believed the joint venture investments we made with development partners that had radically different splits to joint venture partners as returns increased were fair. He replied, “Of course”. I then asked him why taxation wasn’t like any other Wall Street investment deal with different splits of income, especially when there were windfall profits. Why shouldn’t the government participate at a greater level in those circumstances since it has a much larger cost burden than an individual tax payer?

    He smiled and replied: “I just don’t like to pay taxes.”

  51. Tax him? He just injected $250 Million into the economy! How many people were employed to make Jerrah’s luxury yacht (pronounced Throat-Warbler-Mangrove)? Fabricators, mechanics, electricians, plumbers etc. How many will continue to be employed as cleaning staff, servers, captains, crew etc?

  52. arcross12042004scorp15 says:
    January 26, 2019 at 3:16 pm
    Socialism is great until they run out of other people’s money. I remember when Jimmy Carter was President. I was making
    $ 18,000 per year. I got a bonus of
    $ 3000 and the goverment (sic) took $ 1800.
    After they spend other peoples money, they will take yours.

    —–

    I call bs.

    Sorry, your example has absolutely no truth as written. If they took $1,800 it is because you had unpaid taxes.

    During Carter’s presidency (1977 – 1980) the tax brackets on $21,000 of income are outlined below. The rate of tax on that $3,000 bonus (if you had no deductions, which is unlikely) maxed at 28%, or $840.

    Tax Bracket Tax Rate
    $0.00+ 0%
    $3,400.00+ 14%
    $5,500.00+ 16%
    $7,600.00+ 18%
    $11,900.00+ 21%
    $16,000.00+ 24%
    $20,200.00+ 28%

  53. mediasloppy says:
    January 26, 2019 at 6:16 pm

    bengalsfan20 says:
    January 26, 2019 at 1:45 pm

    Our entire political system is busted in this country. Trump is what we get out of that broken system. Both parties are terrible and we need new voices that actually relate to the common people and not all of these old dinosaurs that are in there now. Corporate interests have destroyed this country and every politician is owned by them.
    ————–
    Simply put. But if people did some actual homework on Trump they would have never voted for him, because he is the perfect poster child of this corruption. His show Celebrity Apprentice is nothing more than multimillionaire televangelism without God like all the others. All a pretense to your personal bias or ignorance. The original post was overwhelmingly thumbs up and if this is ultimately thumbs down that is the true American invasion of practical common sense…
    —————————
    Like I said above. I am agreeing with the original post that was full of thumbs up and for reasons unknown to me ends up with mine full of thumbs-down. America right now is defeating itself while China and Russia take advantage of our Isolation policy all the way back to pre-Hitler. America has always been in front of the new world order after WW2. We have handed China and Putin power on a silver platter. That is just pure fact.

  54. “…Warren wants, on top of all other taxes, a two-percent surcharge to be imposed on personal fortunes of $50 million or more, with the number moving to three percent at $1 billion…”

    They should just cap personal fortunes at $50,000,000 because nobody needs more than that.

  55. The problem is not that Government takes too little money from those that earn it. The problem is that it spends too much.

    Envy is a terrible emotion, but it is the base of today’s Democrat Party.

  56. Since the Freedom Caucus was elected in large numbers and exerted significant influence over GOP policy, I find it interesting that a movement that sold itself on deficit reduction has seen the national debt increase by an average of $1 trillion every year, from $18T at the start of 2015 to to $22T today.

    Why are we cutting taxes on the wealthiest Americans at a time that when the income gap is widening, 70% of Americans live paycheck to paycheck and are country is is increasing its national debt (on average) by $1 trillion a year.

    As Ross Perot use to say, that’s just sad.

  57. dkcjb says:
    January 26, 2019 at 7:44 pm
    “…Warren wants, on top of all other taxes, a two-percent surcharge to be imposed on personal fortunes of $50 million or more, with the number moving to three percent at $1 billion…”

    They should just cap personal fortunes at $50,000,000 because nobody needs more than that.

    —————

    I get a kick out of people who think they should decide how “much is enough” or “how much others need”

    Tell me, where in the Constitution does it authorize our Government to take from wine group with the goal of redistributing it to others?

  58. Tax Rate on top 1% = 27%
    Tax Rate on top.001% = 24%
    Tax Rate on 2 earner family making six figures = 24%

    But adding 2% to top .001% will break them!!!!!

    Stop with the nonsense
    Nobody is penalizing the rich. Nobody is stopping them from being rich. Least of all nobody is stopping them from getting richer.

  59. SWFLPC.INC says:
    January 26, 2019 at 7:55 pm
    I get a kick out of people who think they should decide how “much is enough” or “how much others need”

    Tell me, where in the Constitution does it authorize our Government to take from wine group with the goal of redistributing it to others?

    Article I, Section 8, Clause 1: The Congress shall have Power to lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States.

  60. PhD says:
    January 26, 2019 at 6:21 pm
    Democratic Socialism is the best system. Next time you need the fire dept at your place you’ll understand that all socialism means is that we all chip in to help each other and share the burden of the expense to do that. The USA on the other hand is an Oligarchy of the rich running things and laughing at the ignorance they help foster.
    ——————————————–
    There is no such thing as “Democratic Socialism”. The envious left in this country added “Democratic” to the word “Socialism” but in the end all you get is Venezuela, Cuba, Soviet Union. No thanx, a diet of rats is unappealing to me. The only people who prosper in a socialist system are those that make and enforce the rules, while those that pay the bills get the bread lines, lousy housing, endless work, speech and thought control. There was one reason they built the Berlin Wall with machine gun towers and it wasn’t to keep people out it was to keep them in, and those risking their lives to flee weren’t the Commissars, ie, those making the rules, it was those paying the bills, the hoi-polloi.

  61. Wow, logic and conservatism from F. Didnt see that coming. The problem with Warren and he fake Robin hood stance, is that thier arent nearly enough billionaires to pay for all the checks the left want to write. It end up killing the middle class, prices on items skyrock, income inequality jumps (just look under Obama’s tenure), but it makes for a good speech.

    I wonder how much the nfl athletes will like paying 85% of thier income to federal,state and sales tax…..it the ideals of the left politicians most of them support…

  62. Elizabeth Warren is a tool.

    She lives a life of priveledge yet has the gall to claim she’s a friend of the common man.

    She has the best health insurance (provided free of charge by the taxpayer) yet she insists shes fighting for the common man.

    When she retires, she’ll be supported for as long as her heart still beats by the taxpayers yet she claims to be on the side of the common man.

  63. bigblue59 says:
    January 26, 2019 at 3:12 pm
    Why not work on controlling the crazy cost of college?

    MEDICAL COST are destroying this country.

  64. The rich pay enough. How much more should they pay?

    Table 1. Married Filing Jointly and Surviving Spouses
    Taxable Income Taxes
    Up to $19,050 10% of taxable income
    Over $19,050 but not over $77,400 $1,905 plus 12% of excess over $19,050
    Over $77,400 but not over $165,000 $8,907 plus 22% of the excess over $77,400
    Over $165,000 but not over $315,000 $28,179 plus 24% of the excess over $165,000
    Over $315,000 but not over $400,000 $64,179 plus 32% of the excess over $315,000
    Over $400,000 but not over $600,000 $91,379 plus 35% of the excess over $400,000
    Over $600,000 $161,379 plus 37% of the excess over $600,000

  65. Sorry only this new generation of lazy give me something instead of work for it kids want to punish successful people. Now, these same “entitled” people would change their mind if it was their money..being envious is ok. Being hateful is another..I say if you can afford it.. buy it.

  66. “A 90% tax bracket until the early 1950’s was no problem.”

    That worked fantastically when American manufacturing was exploding, Germany and Japan lay in shambles and China was almost entirely an agriculture society. Pulling numbers out of the air without considering their context doesn’t make sense for analyzing football statistics nor domestic tax policy.

  67. So is this column now to become about divisive politics and economic policy, instead of football? Don’t we get enough of that everywhere else? Please don’t turn this column into a sounding board for your taxation views.

  68. Taxes are a hot button issue for sure. Lots of people here talk about this “new generation of kids”. Let’s all remember that Ronald Reagan reduced the tax on the rich from 70 percent. It’s not a new thing, folks. I think 33 percent is fair, but NO exemptions except estate tax. Student loans and excessive debt are different matter. High Schools have relentlessly told kids they must get degrees to get anywhere, tuition has gone through the roof, and people discover too late that their degrees aren’t worth much. Recipe for disaster. We need to remember that the greatest economic boost the U.S. enjoyed was because returning WWII veterans got free college, and used that to build and achieve. It’s a concept we may want to look at again. Along with decent trade or technical schools for the last 2 years of high school.

  69. And the democrats like Warren want more illegals to flood our country on top of the 10 mils already here. Then they moan and groan that we have too many poor and needy.

  70. SWFLPC.INC says:
    January 26, 2019 at 7:55 pm
    “dkcjb says:
    January 26, 2019 at 7:44 pm
    “…Warren wants, on top of all other taxes, a two-percent surcharge to be imposed on personal fortunes of $50 million or more, with the number moving to three percent at $1 billion…”
    They should just cap personal fortunes at $50,000,000 because nobody needs more than that.
    —————
    I get a kick out of people who think they should decide how “much is enough” or “how much others need”
    Tell me, where in the Constitution does it authorize our Government to take from wine group with the goal of redistributing it to others?”

    OK, we can cap yours at $50,000.

  71. “Article I, Section 8, Clause 1: The Congress shall have Power to lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States.”

    How many billions of dollars are spent on welfare for non-citizens of the US every year? The rich should be generous to those less fortunate but it should be at their behest not the government. Social prigrams should be run as Nonprofit organizations from private donations. Not tax dollars from the government in which they waste more than half in overhead and dysfunctional mismanagement. Wasteful spending has pushed the deficit to astronomical levels along with unsecured borders allowing the US to take on the financial burden of other countries’ dysfunction. It will continue to steam roll until the US collapses and is unable to assist anyone at all. We have thousands without food or shelter that we refuse to assist because our leaders are looking to save everyone except those who they were elected to lead and protect.

  72. Perhaps Snyder has to reevaluate his charitable giving. These bleeding hearts do not realize how much is donated by the rich.

  73. Our political system is awful right now. Elizabeth Warren is near the top of the list as a reason why.

    After living in Malawi, Africa for some time, and then spending time in 17 other countries, I realized our economic system provides the best shot for advancing oneself for anyone who is willing to put some work in, as well as a more than fair safety net for those who choose the lazy route or especially those who can’t work. Our poor are rich by the world’s standards.

    And our economy is roaring right now for those willing to work.

  74. Fauxcahontis should go peacefully bang a drum and peacefully screech in the Redskins owner’s face to make peace and stand up for her tribe, who’s membership helped make her rich (and college costs high) to the tune of several hundred thousand a year for a part time professor job. Hey, the money was better than when she flipped foreclosures to profit off those losing their homes.

    What a sweetie.

  75. Money is a funny thing. If you don’t have it, Warren’s plan is O.K. If you have money, the last thing you want is the government taking it away. It’s all perspective.

  76. There should be a vote tax – if you vote for a candidate that wants to raise taxes, then only those who vote for that candidate would be subject to the tax increase. The rest of America would be free from this pathetic vote buying tactic which excuses half the country from paying ANY taxes – and those very same people are the ones voting to raise SOMEONE ELSE’s taxes. No more – you would be subject to taxation if you vote for a candidate that advocates raising taxes.

  77. Tax the high cost stuff like yachts and the rich won’t buy them. Who gets hurt? The thousands of various and sundry middle class workers who are needed to build these yachts. Liz you have to think big picture.

  78. willycents says:
    January 26, 2019 at 1:57 pm
    I pay six digits in property tax on my business assets, along with income tax. Granted, I am not worth fifty mil, but, for a lot of landowners, if they chose to subdivide, they would beat that. I started with student loans to pay, which I did, and an old B model Mack truck. Now, 40 years later, I have 36 Kenworths newer than 2010 and 51 trailers of various types. Why take away what I have worked for just to give it to someone else? When is enough taxes enough?
    ——————————————

    You’re the people that her party could care less about. Taking more of your money instead of letting you grow your business and create more jobs, thus more taxpayers, doesn’t give them the power that they seek. It’s all about power.

  79. russrpm says:
    January 26, 2019 at 2:56 pm
    I guess what I would ask is, how much is enough.
    _______________________________________________________

    The difference between you and me is that you’re asking Snyder that question.

    I’m asking WARREN that question.

    Because when it comes to Snyder, the answer is: NONE OF YOUR BUSINESS!

    But when it comes to Warren, the answer is ALL OF OUR BUSINESS.

    You need to figure that out.

  80. Hmmm. I’m guessing most football fans are conservative based off the ratings on this thread. Not surprising.

  81. So if it’s okay to take from the rich person just because the can afford it, then it would be okay to pass a law saying if you’re not going to school or working that you must volunteer 30 hours per week at a local charity…after all, you have the time.

Leave a Reply

You must be logged in to leave a comment. Not a member? Register now!

This site uses Akismet to reduce spam. Learn how your comment data is processed.