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How Tax Brackets Actually Work - Why Do Taxpayers Pay Billions For Football Stadiums? - Ufl Video Sharing.

How tax brackets actually work Why do taxpayers pay billions for football stadiums? 2 days ago   02:48

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There is a common misunderstanding about how tax brackets work in the US, and it’s causing us to have uninformed debates about taxes.

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Watch our video on Alexandria Ocasio-Cortez's 70% tax plan here: https://ufl.ae/videow/rMHE-C47uSO

Check out the podcast on this topic from Today Explained: https://bit.ly/2VEoEIC

The TEx crew took a deep dive into Representative Alexandria Ocasio-Cortez's proposal for a marginal tax rate of 70% for top earners in America. A lot of people are upset, and even more have no idea how it works.

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When Rep. Alexandria Ocasio-Cortez proposed a 70 percent top income tax rate, many conservatives started saying Democrats wants to take away 70 percent of Americans’ hard-earned money. This is not only wrong, but it takes advantage of something Americans have long misunderstood: tax brackets. It’s time to fix that with a simple, paper-made video.

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Why do taxpayers pay billions for football stadiums? How tax brackets actually work 2 days ago   04:10

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Cities want football teams. Owners want stadiums.

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In the past 20 years, over $7 billion in public money has gone towards financing the construction and renovation of NFL football stadiums. Owners argue that public investment in private football franchises will bring a boom of economic activity to local economies. But this argument doesn’t hold up. In reality, stadiums and their upkeep wind up costing cities millions of dollars.

For owners, new stadiums mean more profits. They get to host the Super Bowl, sell naming rights to other corporations, and build increasingly opulent and expensive premium seating.

For cities, nabbing an itinerant football franchise looking for a new home field can be a big political win. And residents want teams and the hometown pride that comes with it. Football teams give cities a sense of identity and they are paying more than ever for them.

New stadiums aren’t the economic powerhouses owners promise they’ll be. But as long there are more cities that want a home team than there are franchises, it looks like taxpayers are going to keep footing the bill.

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