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frogtown
| Favorite team: | Georgia  |
| Location: | |
| Biography: | |
| Interests: | |
| Occupation: | |
| Number of Posts: | 5937 |
| Registered on: | 8/30/2017 |
| Online Status: | Not Online |
Recent Posts
Message
re: An economic collapse scenario by Citrini Research:
Posted by frogtown on 2/25/26 at 6:51 am to bayoubengals88
Reads like an Ayn Rand novel.
0
re: Who pays the tariffs?
Posted by frogtown on 2/24/26 at 3:57 pm to Harry Caray
quote:
I really wish people would be as disgusted with the income tax as much as they are with with tariffs.
I am disgusted with all of it. What equally disgusts me is there are many in the GOP who cannot even admit tariffs are a tax.
re: Who pays the tariffs?
Posted by frogtown on 2/24/26 at 3:49 pm to Harry Caray
quote:
Know what the top income tax bracket was when "America was great" through the 1950s? 91%
The top bracket was 91%, but they weren't paying it.
During the 1950s, the top federal marginal income tax rate was famously high, peaking at 91% or 92% for income over $200,000 (roughly $2 million today). However, the actual effective tax rate (the percentage of total income paid after deductions) for the top 1% was much lower, averaging around 42% for all federal, state, and local taxes, or ~17% for federal income tax alone, due to loopholes.
Tax Foundation
Tax Foundation
+3
Key 1950s Tax Data Points
Top Marginal Rate: 91%–92% (on income over $200,000).
Top 1% Effective Rate: ~42% (total federal/state/local)
re: Obamacare failure
Posted by frogtown on 2/23/26 at 9:21 am to Auburn1968
quote:
Very high deductible catastrophic only plans were very cheap
Just for reference.
Pre ACA, I had a HDHP with AETNA. My policy premium was only $150/month. Deductible was around 8k if I remember correctly.
Exactly what I needed since I was self employed. This kept me from going bankrupt.
quote:
Insurance premiums for those whose employer didn’t provide healthcare were too often out of reach.
This is a lie. We had high deductible.catastrophic policies tailored to our needs, which is something we cannot get with the ACA.
re: What a SCOTUS Gift: Refunding Tariff Money to Business Would Boost Economy
Posted by frogtown on 2/22/26 at 10:13 am to wackatimesthree
quote:
If putting that money back into circulation causes the economy to boom, then taking it out in the first place had to have caused a drag.
So it looks like there are no takers to address this point. Interesting.
quote:
Can’t wait to see how the left melts from this
What happened during Biden's term? Biden not only embraced Trump's first term tariffs, but he expanded them.
Those on the Left, when/if, they come back into power will again embrace these tariffs. Don't fool yourself. They will want the $$$.
quote:
You are still crying about that
:lol: Or maybe you should have called your boy and told him to shut his piehole.
re: SCOTUS Tariff Ruling is in: 6-3 against tariffs.
Posted by frogtown on 2/20/26 at 4:03 pm to wackatimesthree
quote:
They are a leftist mechanism. That's why Biden left them in place.
Biden actually expanded them, fwiw.
Looks like we now have universal acceptance of tariffs from both the left and some on the right.
I predict this won't end well.
quote:
Research about what? Be more specific.
I think he is referring to the fact you called the Board of Peace a "private foundation".
quote:
You have changed the talking point 3 times. Feom inflation to prices to carve outs and now you are changing it to import prices.
:lol: The topic is tariffs. So naturally those things will be discussed.
quote:
I really wish folks could back off the "I'm right -- everyone else is wrong BS,"
I will say this again in regards to tariffs.
You can take all the great "right wing" economists from the last fifty years. They are all in 100% agreement that tariffs will harm the economy.
I am on their side. You are not. That is fine. You can have your opinion.
quote:
That's your second self-own in two posts.
You come up with crazy stuff. What can I say.
quote:
Point(s) in CPI.
You just self-owned.
Well I quit paying attention to you since the time you tried to prove China was paying for the tariffs imposed by Trump. Those were good times. I just laughed and laughed.
quote:
What's your measure?
You have to look at certain data points in CPI. You cannot use CPI as a whole because the majority of it is domestic goods and services.
quote:
GDP/debt. GDP only insofar as debt is going to increase regardless.
So you are measuring the effects of tariffs on import prices with debt to GDP. Wow.
quote:
Now then, what is the beef with tariff revenue under these circumstances?
What is the downside of doing this?
quote:
No sir!
We are talking about general economics!
I will ask again. What is your measure?
quote:
Seems pretty straightforward. Have prices went up" as much as "prices had went up" prior to Liberation Day?
What is your measure? We are talking about import prices BTW.
quote:
Have prices went up" as much as "prices had went up" prior to Liberation Day?
WTF are you talking about?
Popular
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