Goodbye student loan bailout. SCOTUS rules.
- Thread starter Orangeclad
- Start date
Its really quite simple so lets slow it down for your dimished capabilities...
You say its logical but that democrats aren't presenting that logical challenge...so then where is that logical idea coming from....conservatives?
No it isn't.
But here's the democrat sponsor of the bill that would expand the court
https://www.usatoday.com/story/opin...preme-court-not-historical-column/7288802002/
The bill's co-sponsors would have you believe that they chose this number after a close consideration of the court's history. “Thirteen justices would mean one justice per circuit court of appeals,” explained co-sponsor Rep. Hank Johnson, D-Ga., during last Thursday’s news conference, “consistent with how the number of justices was originally determined, so each justice can oversee one circuit.”
So AS USUAL you turned to lies to even make a response on this topic
Are democrats making a logical argument in your mind now?
But then you go further by claiming democrats motives are not legitimate but politically power driven
Yet your own motivation is politically driven just like those you criticize
Have republicans EVER presented the idea of expanding the courts?
Have republicans EVER wanted that expansion to occur when a democrat was in the white house?
So those are the same arguments you present to "prove" that democrats are disingenuous
What does history say when those questions are asked of the republicans?
And to top it off...you're too chicken to even say what you believe on the topic
What's it like to be so scared of saying what you believe in a public space you have to hide & lie?
Do you put on a special heavy duty pair of depends diapers even thinking about that possibility? 🤣
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This is ANTHER lies by a person that just CANNOT accept that your socialist side got outsmarted. NOTHING they did broke any laws...they just used Harry Reids own example set on them. /but as characterless as EVERY one of you are, you could never see it this way. And ANOTHER reason it is IMPOSSIBLE for you, and your kind to CLAIM that you are REAL Americans. You are not. If you worried so much about our Constitution...can you show me some outrage for the open borders? Because the President SWEARS an oath to protect of foreign and domestic.
And the left are FULL of little sissy crybabies...always have been . War protestors because they BOTH are chicken chits, and do not love our Country enough to make sacrifices for it...just the facts. Trump BLEW Hillary away, and got THREE SC judges confirmed...ALL 100% legal...and all that your little whiney bunch want to do is change the rules after the azz kicking. What little p******. Take your beating like a REAL person...not some chump. (no...we got 3 1/2 years of an illegal investigation trying to overthrow an election instead)
Someone on the conservative side of the ledger better tell "yosemite sam" that the current GOP story is that the left are warmongers for supporting a US ally in Ukraine
Those damn trump supporters are the ones who are the "chiken chits and do not love our country"
Can't really blame old folks like "yosemite sam"...their senility kicks in and goes on automatic regardless of current conditions 🤣
Those damn trump supporters are the ones who are the "chiken chits and do not love our country"
Can't really blame old folks like "yosemite sam"...their senility kicks in and goes on automatic regardless of current conditions 🤣
But you forgot the best part.
They are transferring (stealing) wealth and buying votes with it. It’s an amazing magic trick if you think about it.
You mean like voting for income tax cuts when the GOP is complaining about the national debt?
Amazing how tax cuts for the wealthy aren't on the table but cuts to the poor are ALWAYS on the table
We do NOT have a revenue problem, son...we have a SPENDING problem..to finance idiots to vote for the left
You don't have a spending problem if you have more revenue...
But the national debt isn't important enough to trumplicans to actual raise taxes to pay it down
Reagan raised taxes to curb the debt...why is it off the table now?
Talking point.
The “rich” pay a VAST amount of the record income by the treasury the last several years.
We have a spending problem, not an income problem.
Both parties are terrible at cutting the debt. VERY few politicians have the balls to make the tough decisions required to cut the debt.
But all taxing people more will do is lead to more wasteful govt spending.
We scream over and over about pork, waste, fraud, boondoggles and wastes yet nothing is EVER done about it.
Senators and Representatives talk about it in election years yet they fight zealously to protect things in their states and districts that voters want and that create jobs, so NOTHING gets done.
What’s the solution?
This is why your brain keeps short-circuiting: You view every topic as an us vs them argument.
The left doesn't want to expand the court. The fact that they aren't using the LOGICAL argument of expanding the court size to match number of circuit courts proves that.
If the left wanted to expand the court, they would be happy with it happening anytime.
The ONLY time the left talks about expanding the court is when they are in power.
The left NEVER mentioned wanting to expand the court during Trump's first term. Now they want to expand it again. Just like they did from 2008-2016.
When Trump's 2nd term begins, suddenly they will go back to not mentioning expanding the court.
This is all political for the left, as it always is.
Imagine being so in love with your politics that you believe that Joe Biden can do a better job of spending your money than you can.
And as long as there are enough sheep in this country that love their politics more than their own livelihood, that will continue.
More outsiders in politics.
Lifelong politicians will never let their opponents hang meaningful cuts around their necks because invariably someone is going to feel cheated by any real spending cut.
Precisely. We keep voting in lifelong politicians and wonder why nothing changes.
Raising taxes so the democrats will pay down debt is the STUPIDIST proposition anybody can throw out. Either a person is completely disingenuios to claim that or completely moronic to think that as a reality.
For the off the table crowd, why is a balanced budget amendment off the table since the last balanced budget was signed by Bill Clinton with a Republican house. And why is welfare reform off the table now?
Can't even get the dems to use UNSPENT covid money to pay down debt.
Dems love to spend money on everything EXCEPT paying down debt because they don't even think debt is a problem.
And they have an ignorant uneducated base who think that “the rich” can always pay more to pay for their free stuff. Example: The elites who support them (the top 0.05%) are already paying 50% of tax revenue in Cali, and they’re happy to do so if it keeps the riff raff in South LA and out of Beverly Hills.
Even if a balanced budget was passed, the left would just invent another hoax flu like covid and claim that the rules had to be 'superceded' due to extraordinary circumstances'.
We never learn.
Nothing like responding to a talking point with a talking point 😄.
But I agree with you here about the spending problem.
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Yep.
They brag when they lower the rates of increase in spending. That’s what they call a “cut”.
And by “they” I mean the entire swamp. Trump didn’t do well with the national debt either, although his tax cuts spurred the economy and increased treasury revenue.
Maybe with a second term and a R House he would have leveraged that driven some actual cuts, but I doubt it.
What I said you can back up with statistics.
Do some of that research and tell me who actually pays a majority of the revenue. The US has a very progressive tax code (economic term, not political).
The really wealthy applaud you for not caring if they're ripping you off...
This is you being called a "good sheep" by the super rich as they laugh at you paying 2 or 3 times the amount of taxes as they do...
https://www.whitehouse.gov/cea/writ...-income-tax-rate-on-the-wealthiest-americans/
Abstract: We estimate the average Federal individual income tax rate paid by America’s 400 wealthiest families, using a relatively comprehensive measure of their income that includes income from unsold stock. We do so using publicly available statistics from the IRS Statistics of Income Division, the Survey of Consumer Finances, and Forbes magazine. In our primary analysis, we estimate an average Federal individual income tax rate of 8.2 percent for the period 2010-2018. We also present sensitivity analyses that yield estimates in the 6-12 percent range. The President’s proposals mitigate two key contributors to the low estimated rate: preferential tax rates on capital gains and dividend income, and wealthy families’ ability to avoid paying income tax on capital gains through a provision known as stepped-up basis.
When an American earns a dollar of wages, that dollar is taxed immediately at ordinary income tax rates.[1] But when they gain a dollar because their stocks increase in value, that dollar is taxed at a low preferred rate, or never at all.[2] Investment gains are a primary source of income for the wealthy, making this preferential treatment of investment gains a valuable benefit for the wealthiest Americans. Yet the most common estimates of tax rates do not fully capture the value of this tax benefit because they use an incomplete measure of income. This analysis asks: what was the average Federal individual income tax rate paid by the 400 wealthiest American families’ in recent years, determined using a more comprehensive measure of income?
How the wealthy enjoy low income tax: preferred rates on an incomplete measure of income
The wealthy pay low income tax rates, year after year, for two primary reasons. First, much of their income is taxed at preferred rates. In particular, income from dividends and from stock sales is taxed at a maximum of 20 percent (23.8 percent including the net investment income tax), which is much lower than the maximum 37 percent (40.8 percent) ordinary rate that applies to other income.
Second, the wealthy can choose when their capital gains income appears on their income tax returns and even prevent it from ever appearing. If a wealthy investor never sells stock that has increased in value, those investment gains are wiped out for income tax purposes when those assets are passed on to their heirs under a provision known as stepped-up basis.
THIS is why donald trump loves you...you're poorly educated
Holy crap, I don’t even know how to respond to this. But here’s a try.
1) You’re for taxing unrealized gains? Are you freaking serious with this? Explain to me what you think that means because I don’t think you understand.
2) The rate for the wealthiest is low for many reasons, including the fact that many wealthy people make bad investments and have losses.
3) The percentage on earned income is the same tier system for everyone. And it’s the highest for the highest income earners.
4) The overall blended tax rate is actually 13%. This article is misleading because it assumes everyone pays the highest income rate - which isn’t true.
The top 1% accounts for 42% of the total revenue collected by the Treasury. The top 50% of taxpayers pay 98% of their income - the bottom 50% pays less than 2%. The rich are keeping this country afloat. How much more can we cut taxes for the poor - you want a negative tax?
Summary of the Latest Federal Income Tax Data, 2023 Update
The latest IRS data shows that the U.S. federal individual income tax continued to be progressive, borne primarily by the highest income earners.
taxfoundation.org
The level of brainwashing is hard to comprehend.
These people are fascist communists.
Just a yes..or a no. Are you REALLY this stupid? Serious question
Yes you idiot...if you didn't know the current discussion on reforming taxes is taxing wealth not income
And if you didn't know the SCOTUS just accepted a case on taxes on unrealized gains in the next term
The idea already already exists for certain types of ownership/investment
Is it possible you don't understand?
The repatriation tax has been part of the tax code since 2017...time to update what you think you know
This has been a reality for 5+ years now
Here let me help you catch up on what you don't seem to know anything about
You can thank me later
https://finance.yahoo.com/news/unrealized-gains-supreme-court-case-141500022.html
Unrealized Gains Supreme Court Case Could Change Wealth Taxes
Kiplinger
Wed, June 28, 2023 at 10:15 AM EDT·4 min read
In a landmark case, the U.S. Supreme Court will decide whether a mandatory tax on unrealized gains violates the Constitution.
Taxation of unrealized gains is at the core of a case that the U.S. Supreme Court on Monday agreed to take up and that could change the way wealth is taxed in the U.S. The plaintiffs in Moore v. United States argue that a mandatory repatriation tax, introduced by the 2017 Tax Cuts and Jobs Act (TCJA), is unconstitutional.
- The one-time tax is levied on U.S. taxpayers with a specified amount of ownership in certain foreign corporations.
- The Moores didn’t receive dividends or “income” from their ownership stake in a foreign company, so they assert that only realized income can be taxed under the 16th Amendment to the U.S. Constitution.
- The Supreme Court won’t hear the Moores’ case, brought by regulatory reform organization the Competitive Enterprise Institute and national law firm Baker Hostetler, until its next term, which begins in the fall.
- Outside groups, including public policy research organization the Cato Institute and the U.S. Chamber of Commerce business organization, submitted briefs asking the Court to take up the case in support of the Moores’ petition.
8% low ?
So you're paying taxes in which bracket?
And here you are defending the super wealthy that are paying multiples less than you? 🤣
The fact that you think this is the results of the super wealthy's losses is hilarious
Its because of loopholes that they had written into the tax code through lobbyists that you can't take advantage of but they can
You the average poor guy defending tax loopholes for the wealthy
It just doesn't get any better than that
The point that you're missing is the super rich done attain their wealth through INCOME
That's for commoners...average poor people... like you
REAL rich people avoid high tax brackets because they aren't paid annually on earned income but by capital gains
Earned income is something for people who work for other people...no good REAL rich person does THAT
Wrong. Did you miss depending on the method we're discussing 8-13%
So you think Warren Buffet, Jeff Bezos, and Elon Musk should be paying at half the tax rate of most Americans?
The top 1% accounts for 42% of the total revenue collected by the Treasury. The top 50% of taxpayers pay 98% of their income - the bottom 50% pays less than 2%. The rich are keeping this country afloat. How much more can we cut taxes for the poor - you want a negative tax?
Summary of the Latest Federal Income Tax Data, 2023 Update
The latest IRS data shows that the U.S. federal individual income tax continued to be progressive, borne primarily by the highest income earners.
No I want you to open your mind up to the fact that we tax income and not wealth creates the opportunity for the super rich to avoid paying their fair share of tax
Guess what? If you taxed wealth and not income...YOUR taxes would go DOWN
And those that don't pay any income tax now because they don't have any income would actually pay some tax since they do own some things of low value
That should make all of the republicans happy since they constinently harp on those people every chance they get while avoiding discussing scumbags like donald trump who uses the tax code to pay nothing because income isn't the source of his weath attainment
And I think America would be a MUCH fairer Country to live in if EVERYONE paid the same % tax rate. We are SO TIRED of having to carry you lefties that suck the gubment teet
The tax for the folks at the low end is ALREADY a negative because they’re eligible for lots of freebies and credits.Holy crap, I don’t even know how to respond to this. But here’s a try.
1) You’re for taxing unrealized gains? Are you freaking serious with this? Explain to me what you think that means because I don’t think you understand.
2) The rate for the wealthiest is low for many reasons, including the fact that many wealthy people make bad investments and have losses.
3) The percentage on earned income is the same tier system for everyone. And it’s the highest for the highest income earners.
4) The overall blended tax rate is actually 13%. This article is misleading because it assumes everyone pays the highest income rate - which isn’t true.
The top 1% accounts for 42% of the total revenue collected by the Treasury. The top 50% of taxpayers pay 98% of their income - the bottom 50% pays less than 2%. The rich are keeping this country afloat. How much more can we cut taxes for the poor - you want a negative tax?
Summary of the Latest Federal Income Tax Data, 2023 Update
The latest IRS data shows that the U.S. federal individual income tax continued to be progressive, borne primarily by the highest income earners.
Lack of understanding isn't really alarming at this point...but the last couple of posts are a discussion
by people who don't believe in things America decided long ago
In particular a progressive tax structure because its fairer than the other forms suggested
Now if they could only open their minds to switching from taxing income in the first place...sigh
by people who don't believe in things America decided long ago
In particular a progressive tax structure because its fairer than the other forms suggested
Now if they could only open their minds to switching from taxing income in the first place...sigh
If you spoke like captain, you'll be banned but he's in the right wing bubble, so gets a pass.
