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Bro — you made a whole post saying “Clinton was a moderate and had tax rates at XYZ.” Your rates were massively off and despite that probably won’t change your conclusion. So yes you are playing fast and loose with the facts.
You just messed up again.
I said you got your facts wrong. Then you changed that to “don’t accuse me of playing fast and loose.” So I responded now after two mistakes that you are playing fast and loose.
But now you are claiming you only got one thing wrong. Well you got two. And you made a third mistake in your post. You said you got a fact wrong that actually weakened your point. You were saying 44% tax isn't confiscatory because the tax rate under Clinton wasn’t confiscatory and was only 9 points off.
But in reality it was between 16 and 24 points off. That factual mistake undermines your whole argument in a very material way. The core of your argument goes poof. But now you are claiming your mistaken fact actually weakened your argument?
Maybe it isn’t malicious but your posts and arguments on this topic are very sloppy and unaware of basic facts (eg that California freezes property taxes or the tax rate under Clinton).
Citing to Nixon ignores the last 45 years of tax policy which has been broadening the base while lowering the rates. So yes, you can have higher capital gains rate without expropriation if while you own a company you can extract a bunch of value out of it tax free. But that is different compared to now.
In the context of a broad base, the relevant example is Clinton. And that rate was much lower.
And the details matter a lot less about the proposal put forth here. It is a campaign document; not legislation. The key point is she is supporting a 25% tax on unrealized gains. The rest is details that will change if this bill goes forward. But it is noise that tries to let supporters weasel out of this difficult discussions.
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