Here we go again...they cannot resist

[Capt Ron 1]

Wealth redistribution. You KNOW many of our snowflakes are low income..so this is why they support Brandon. They have been average or below their whole life...and believe others should pay their way

Biden pitches largest tax hike in history as part of $5.8T budget request

President Biden made a renewed push on Monday to galvanize congressional Democrats to overhaul the nation's tax code and dramatically raise rates on corporations and ultra-wealthy Americans.

www.foxbusiness.com

 

[BayouGator1995]

That's what socialism/Marxism is all about. Destroying the individual efforts, abilities, and accomplishments of the dilligent masses so that everyone is collectively on the same playing field. Basically, making a hard-working person no better than the basement-dwelling slacker.

 

[Capt Ron 1]

That's what socialism/Marxism is all about. Destroying the individual efforts, abilities, and accomplishments of the dilligent masses so that everyone is collectively on the same playing field. Basically, making a hard-working person no better than the basement-dwelling slacker.

That is EXACTLY who the left are. As I said before..if JFK made his Berlin speech today, he would have to change the words from "Ask not what your Country can do for you...ask what YOU can do for your Country" to todays democrat version "Ask not what you can do for your Country...ask what your country can do for YOU"

 

[goldmom]

Average tax rate on top 1% after accountants try to shelter their taxable income was still just under 26%.
Tell me again what percentage of Americans pay NO TAXES at all?

They’re too stupid to grasp what asset appreciation is or how these people are behind job creation-aka their own jobs.

Ask the average Amazon employee. They have no idea or motivation to understand how things work.

 

[Capt Ron 1]

Average tax rate on top 1% after accountants try to shelter their taxable income was still just under 26%.
Tell me again what percentage of Americans pay NO TAXES at all?

They’re too stupid to grasp what asset appreciation is or how these people are behind job creation-aka their own jobs.

Ask the average Amazon employee. They have no idea or motivation to understand how things work.

You are spot on. But they go to their old stand by of "say something enough times...even though it is a lie, and most will believe it is true. Their #1 use of that theory is this saying "Universal healthcare is an American right". That statement is 100% a lie. Someone show me in our Constitution(bill of rights) where that is true

 

[BayouGator1995]

Average tax rate on top 1% after accountants try to shelter their taxable income was still just under 26%.
Tell me again what percentage of Americans pay NO TAXES at all?

They’re too stupid to grasp what asset appreciation is or how these people are behind job creation-aka their own jobs.

Ask the average Amazon employee. They have no idea or motivation to understand how things work.

To add to that, the wealthy have off-shore, Swiss bank accounts where they shelter practically all of their taxable income therein. They have nothing to worry about. It's the middle-class that will get the valboski as always in these cases. They are hell-bent on destroying mid-class Americans and small business.

 

[Kingseve1]

Yep, don’t Piss down my back and tell me it’s raining. Leave the people alone making less than 2 million a year, and raise taxes on any realized income over 2 million to say 47%. And be done with. Tired of ambiguous tax codes.

 

[Kingseve1]

I say flat tax of 25% up to 1 million. Flat tax increases to 35 from 1 million to 2 million. Any realized income over 2 million is hit with 45%.

Only tax shelter is hydrogen purchases and investments

 

[Capt Ron 1]

I say flat tax of 25% up to 1 million. Flat tax increases to 35 from 1 million to 2 million. Any realized income over 2 million is hit with 45%.

Only tax shelter is hydrogen purchases and investments

I disagree. In America, you should not be punished for being successful. In fact, if it is not going to go DOWN for more income...the flat tax rate should be ...flat. And EVERYONE pays. NO ONE gets a free ride. Sorry libs

 

[GhostOfMatchesMalone]

What has the government done to America over the last 2 years?

Shutdown the economy, killing businesses across the country and leading to mental health issues that resulted in a massive spike in suicides.

Forced employers to force employees to take an experimental and unapproved shot in order to keep their job. The shot is officially the deadliest shot ever created.

Massive spike in the price of food, gas, and basic necessities. All price increases targeting the poorest.

Massive proposed spike in taxes, which will again target the poorest.


Looking at this list of actions taken by the government, does it seem that government is acting as if their role is:

1 - Our protector
2 - Our enemy


Sheep never think to question.

 

[Kingseve1]

I disagree. In America, you should not be punished for being successful. In fact, if it is not going to go DOWN for more income...the flat tax rate should be ...flat. And EVERYONE pays. NO ONE gets a free ride. Sorry libs

Do you not think “punished” now for making more money?

As it stands now, once you make over 500,000 a year your money is taxed at the highest percentage.

 

[Capt Ron 1]

Do you not think “punished” now for making more money?

As it stands now, once you make over 500,000 a year your money is taxed at the highest percentage.

100% I do. If you treat someone different/worse for making more money...wTF do you think that is...a reward? And yes, our tax system is NOT fair

 

[Dr. Curmudgeon]

That's what socialism/Marxism is all about. Destroying the individual efforts, abilities, and accomplishments of the dilligent masses so that everyone is collectively on the same playing field. Basically, making a hard-working person no better than the basement-dwelling slacker.

Right...they claim they are Capitalistic but in reality, they are quite the opposite. Each handout comes with more restrictive freedoms. The freeloaders are already under life governed by Big Gov't control. So many live paychecks to paycheck and wait anxiously for the tax season to get some extra cash when they could easily pocket most of their income and live better throughout the year and receive a tiny portion of returns at tax time. Completely flawed thinking.

 

[BayouGator1995]

Right...they claim they are Capitalistic but in reality, they are quite the opposite. Each handout comes with more restrictive freedoms. The freeloaders are already under life governed by Big Gov't control. So many live paychecks to paycheck and wait anxiously for the tax season to get some extra cash when they could easily pocket most of their income and live better throughout the year and receive a tiny portion of returns at tax time. Completely flawed thinking.

They can also learn to invest into cryptocurrency as well. It's about as lucrative as you can get in these difficult times. BUT.......they're too busy thinking about buying the new game console, buying new pairs of shoes, and being trendy. And watching dumb-down TV believing propaganda.

 

[Kingseve1]

100% I do. If you treat someone different/worse for making more money...wTF do you think that is...a reward? And yes, our tax system is NOT fair

Stuff has to get paid for and budgets have to get balanced. You can’t get blood from a turnip (Poor people). Poor peeps don’t make enough to balance the budget. The only way to make it work, is to have a sliding scale. All money from 0-30k is taxed at x. And it tiers up from there. Shit ain’t fair, but neither are salaries around the country. CEOs get paid, let’s say, 5-30 million a year and golden parachutes when they are fired. And a construction worker busts his ass every day of the week for peanuts. And When he gets fired, he struggles to feed his kids.


How are we so worried about “punishing” a guy making over 2 million a year. This guy has no money concerns. How many folks do you know making 2 million a year?

What tax system is ideal to you?

 

[GhostOfMatchesMalone]

CEOs get paid, let’s say, 5-30 million a year and golden parachutes when they are fired. And a construction worker busts his ass every day of the week for peanuts. And When he gets fired, he struggles to feed his kids.

What does the CEO do for those millions? Good ones make moves that add billions to the valuation of their companies. That's a unique talent and it deserves a unique salary.

What specialized talent does the construction worker have? Not much, and his salary reflects that.

Adjusting the taxes aren't the answer, the answer is giving workers the skills they need to get better jobs.

And saying people making $2M a year have no money concerns sounds like something @BSC911 would say LOL IOW, if you don't have the money, you have no idea what it's like.

 

[Capt Ron 1]

Stuff has to get paid for and budgets have to get balanced. You can’t get blood from a turnip (Poor people). Poor peeps don’t make enough to balance the budget. The only way to make it work, is to have a sliding scale. All money from 0-30k is taxed at x. And it tiers up from there. Shit ain’t fair, but neither are salaries around the country. CEOs get paid, let’s say, 5-30 million a year and golden parachutes when they are fired. And a construction worker busts his ass every day of the week for peanuts. And When he gets fired, he struggles to feed his kids.


How are we so worried about “punishing” a guy making over 2 million a year. This guy has no money concerns. How many folks do you know making 2 million a year?

What tax system is ideal to you?

EVERYONE pays the same % No write offs

 

[Kingseve1]

What does the CEO do for those millions? Good ones make moves that add billions to the valuation of their companies. That's a unique talent and it deserves a unique salary.

What specialized talent does the construction worker have? Not much, and his salary reflects that.

Adjusting the taxes aren't the answer, the answer is giving workers the skills they need to get better jobs.

And saying people making $2M a year have no money concerns sounds like something @BSC911 would say LOL IOW, if you don't have the money, you have no idea what it's like.

If you make 2 mil a year, you ain’t worrying about money. If you makes less than 30k, your money worries are constant.


Let’s say you make 2 million per year or 170,000 per month in gross income

1. The first 20k wouldn’t be taxed
2. 20k-100k would be taxed at 20%
3. 100k-2,000,000 would be taxed at 25%
4. Then any money over 2 mil a year would be taxed at 45%

So, the guy making 2,000,000 or 170k a month is still bringing home 145,000 a month. That’s hard to spend.

Doing quick math, the guy grossing 4 million a year is bringing home 270,000 a month.

The guy grossing 10,000,000 a year bringing home after taxes, 570,000 a month. But this guy is paying 3,500,000 to Uncle Sam each year, which is about the same tax revenue, as Sam would get from 3,500 workers making 25,000 a year or 2080 a month.

 

[BayouGator1995]

Adjusting the taxes aren't the answer, the answer is giving workers the skills they need to get better jobs.

THIS right here! And it can only be attained through a job-creation economy like we had during the Trump administration. More new jobs entail extensive training to give people new and added skills therein.

 

[GhostOfMatchesMalone]

If you make 2 mil a year, you ain’t worrying about money.

Have you ever made 2 million in a year?

 

[GhostOfMatchesMalone]

THIS right here! And it can only be attained through a job-creation economy like we had during the Trump administration. More new jobs entail extensive training to give people new and added skills therein.

And remember how Trump and Ivanka pushed for apprenticeships across the country? That's because they actually wanted to see people improve their lives.

You don't solve poverty by giving the poor money. You solve poverty by giving the poor the skills they need to get better jobs and the opportunities to get those jobs.

More skills = Better jobs making a higher income.

This is just common sense. But notice NO politician EVER campaigns on offering programs that will improve the skills of workers.

That tells you they don't want to see workers improve their lives. Because if they had skills they could make more money and be SELF RELIANT.

That means they don't depend on the government for assistance. And to politicians, that means their vote can't be bought.

People, please wake up. Your government has a vested interest in seeing you suffer.

 

[Kingseve1]

Have you ever made 2 million in a year?

I have had one really good year, but most years I make a small Fraction of that, and I have no debt and live comfortablely

 

[BCSpell]

"The president laid out the tax hikes as part of his $5.8 trillion budget blueprint for federal spending in fiscal 2023, which begins in October. Under his proposal, taxes would rise by $2.5 trillion, marking the largest increase in history in dollar terms. The deficit would be $1.15 trillion."
"We are reducing the Trump deficits and returning our fiscal house to order,"

See, this is DEM economics. $5.8 trilllion spending, causing the deficit to increase by $1.15 trillion is returning our fiscal house to order.

"The higher taxes would largely be borne by Wall Street and the top sliver of U.S. households, in the form of a steeper corporate rate, a modified wealth tax and a global minimum tax."

Most corproations are NOT going to bear the brunt of these tax hikes. They will pass them along to us, their customers in the form of raising their prices or by cutting jobs.

 

[BayouGator1995]

"The president laid out the tax hikes as part of his $5.8 trillion budget blueprint for federal spending in fiscal 2023, which begins in October. Under his proposal, taxes would rise by $2.5 trillion, marking the largest increase in history in dollar terms. The deficit would be $1.15 trillion."
"We are reducing the Trump deficits and returning our fiscal house to order,"

See, this is DEM economics. $5.8 trilllion spending, causing the deficit to increase by $1.15 trillion is returning our fiscal house to order.

"The higher taxes would largely be borne by Wall Street and the top sliver of U.S. households, in the form of a steeper corporate rate, a modified wealth tax and a global minimum tax."

Most corproations are NOT going to bear the brunt of these tax hikes. They will pass them along to us, their customers in the form of raising their prices or by cutting jobs.

Henceforth, escalated taxes and and cost-cutting resulting in massive layoffs the likes which we've never seen. This is how they're bringing in the one-world government system.

 

[Capt Ron 1]

If you make 2 mil a year, you ain’t worrying about money. If you makes less than 30k, your money worries are constant.


Let’s say you make 2 million per year or 170,000 per month in gross income

1. The first 20k wouldn’t be taxed
2. 20k-100k would be taxed at 20%
3. 100k-2,000,000 would be taxed at 25%
4. Then any money over 2 mil a year would be taxed at 45%

So, the guy making 2,000,000 or 170k a month is still bringing home 145,000 a month. That’s hard to spend.

Doing quick math, the guy grossing 4 million a year is bringing home 270,000 a month.

The guy grossing 10,000,000 a year bringing home after taxes, 570,000 a month. But this guy is paying 3,500,000 to Uncle Sam each year, which is about the same tax revenue, as Sam would get from 3,500 workers making 25,000 a year or 2080 a month.

This has ALWAYS been the socialist argument...but let me let you in on what you have TOTALLY forgotten. It is NOT the governments money. Its not YOUR money. Its the MILLIONAIRES money.

 

[NavigatorII]

Do you not think “punished” now for making more money?

As it stands now, once you make over 500,000 a year your money is taxed at the highest percentage.

Do you even understand why that is? It's planned tax increases. Indexing for taxes has lagged WELL behind the actual value of the dollar. They know this, time you did too. Inflation is a built in tax, and by damned, Brandon is doing his part without even touching the tax code! These asshats even tax social security income, (which BTW, Brandon championed in one of his many failures as a Senator)

 

[BamaFan1137]

If you make 2 mil a year, you ain’t worrying about money.

That is blatantly untrue.

 

[Dr. Curmudgeon]

That is blatantly untrue.

Right 👍 I read an article where with every increase in salary most families increase their debt.

 

[Dr. Nole]

If you make 2 mil a year, you ain’t worrying about money. If you makes less than 30k, your money worries are constant.


Let’s say you make 2 million per year or 170,000 per month in gross income

1. The first 20k wouldn’t be taxed
2. 20k-100k would be taxed at 20%
3. 100k-2,000,000 would be taxed at 25%
4. Then any money over 2 mil a year would be taxed at 45%

So, the guy making 2,000,000 or 170k a month is still bringing home 145,000 a month. That’s hard to spend.

Doing quick math, the guy grossing 4 million a year is bringing home 270,000 a month.

The guy grossing 10,000,000 a year bringing home after taxes, 570,000 a month. But this guy is paying 3,500,000 to Uncle Sam each year, which is about the same tax revenue, as Sam would get from 3,500 workers making 25,000 a year or 2080 a month.

Setting arbitrary values on what people will "owe" sets up some of the problems we have now...it opens the door to the corruption of this tax "code"...we see it all the time "tax the rich'", "pay their fair share", "tax breaks"...

manipulation of this easily manipulated system sows division and resentment of one group against the other yet never solves the problem(s)

 

[BCSpell]

Setting arbitrary values on what people will "owe" sets up some of the problems we have now...it opens the door to the corruption of this tax "code"...we see it all the time "tax the rich'", "pay their fair share", "tax breaks"...

manipulation of this easily manipulated system sows division and resentment of one group against the other yet never solves the problem(s)

Here is a question. WHAT is their FAIR SHARE? How do you determine what is fair? The top 10% of tax payers already PAY something like 80% of all the tax that is collected. Seems like they are already paying their fair share. Say, I make $100,000 and pay $24,000 in taxes, 24%. You make $1,000,000 and pay $380,000, $38%. Why should you pay a higher % than I do just because you make more $ then I do. Is that fair?? Maybe, but what they need to do is get rid of all the loop wholes and make sure everyone is actually paying their taxes. If that were to happen, you would stop hearing DEMS spout off about Tax the Rich.

 

[NavigatorII]

Here is a question. WHAT is their FAIR SHARE? How do you determine what is fair? The top 10% of tax payers already PAY something like 80% of all the tax that is collected. Seems like they are already paying their fair share. Say, I make $100,000 and pay $24,000 in taxes, 24%. You make $1,000,000 and pay $380,000, $38%. Why should you pay a higher % than I do just because you make more $ then I do. Is that fair?? Maybe, but what they need to do is get rid of all the loop wholes and make sure everyone is actually paying their taxes. If that were to happen, you would stop hearing DEMS spout off about Tax the Rich.

It's even worse than that.

"By our numbers, 95% of all federal taxes are paid by households in the top two quintiles — those making about $98,000 or more," said Tax Policy Center senior fellow Howard Gleckman.Sep 16, 2021

Since we are talking about federal income taxes, not taxes in general (which is pertinent to the discussion), the percentage is eye boggling.

One of the 10 commandments is "Thou shalt not covet thy neighbor".

 

[Kingseve1]

That is blatantly untrue.

How is it blatantly untrue? We can’t even agree that most people making 2 million don’t have any money problems. Taking home 145,000 a month is hard to spend. Doable, but hard to spend.

 

[NavigatorII]

How is it blatantly untrue? We can’t wait agree that most people making 2 million don’t have any money problems. Taking home 145,000 a month is hard to spend. Doable, but hard to spend.

🤣 😂 👌

 

[Kingseve1]

Here is a question. WHAT is their FAIR SHARE? How do you determine what is fair? The top 10% of tax payers already PAY something like 80% of all the tax that is collected. Seems like they are already paying their fair share. Say, I make $100,000 and pay $24,000 in taxes, 24%. You make $1,000,000 and pay $380,000, $38%. Why should you pay a higher % than I do just because you make more $ then I do. Is that fair?? Maybe, but what they need to do is get rid of all the loop wholes and make sure everyone is actually paying their taxes. If that were to happen, you would stop hearing DEMS spout off about Tax the Rich.

There is no fair way to do it and still run the country. Too many Americans make less than 20k a year. Too many don’t contribute any meaningful taxes.

The loop holes are a huge problem as well.

 

[GhostOfMatchesMalone]

I have had one really good year, but most years I make a small Fraction of that, and I have no debt and live comfortablely

Then you have no idea what it's like to live making $2M a year.

If you think your money problems go away at that point....bless your heart.

 

[Kingseve1]

🤣 😂 👌

There really is no right answer, but the US and A is expensive to run.

 

[GhostOfMatchesMalone]

There is no fair way to do it and still run the country. Too many Americans make less than 20k a year. Too many don’t contribute any meaningful taxes.

And focusing on taxes of the rich has nothing to do with the poor's ability to make more money.

That IS the focus here, right?

Give the poor more skills to get better jobs. Give them the ability to create more income.

That's the answer. It has nothing to do with the 'rich'.

 

[Kingseve1]

Then you have no idea what it's like to live making $2M a year.

If you think your money problems go away at that point....bless your heart.

Ok, so because I make less than 2 million a year, but I make more than I can spend, I have no idea what it’s like to make 2 mil a year? Hard to argue with that

 

[Kingseve1]

And focusing on taxes of the rich has nothing to do with the poor's ability to make more money.

That IS the focus here, right?

Give the poor more skills to get better jobs. Give them the ability to create more income.

That's the answer. It has nothing to do with the 'rich'.

Like school? The rich and others give them school through taxes

 

[GhostOfMatchesMalone]

Ok, so because I make less than 2 million a year, but I make more than I can spend, I have no idea what it’s like to make 2 mil a year? Hard to argue with that

If you've never made $2M a year than you can't comment on what it's like for people that do.

Is that really confusing you?