Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Billionaires have been here a long time... In 47 years, what did Biden do about it? Nothing, other than taking their money and following their orders...
How many of you complaining about billionaires not paying enough, are actually paying more dollars in taxes in absolute dollars? Not on percentage or or relatively, but in absolute dollars?
And if you don't actually pay more than them in absolute dollars, by what logic do you have the right to ask them for more?
The main problem is long term capital gains which was reduced over the years, and more exploited by the wealthy. The way to resolve it is simply put a 1 million dollar limit on the amount of gain can use the lower 20% tax rate. That would protect most investors who are truly investing capital, but reign in the abuse. There are other tax loop holes need to be fixed as well.
something I'd actually agree with you on. I might even put it below $1MM. Just need to study it. Should be relatively easy - the IRS has all the information/schedules.
I'm all for everyone paying less tax, but when someone pays 17% tax on 100 million dollars something wrong with that when I have to pay 26% tax rate on 150k .
unfortunately, you went back to not making sense.
First, their effective rate isn't 17%. It's much higher.
Second, yours isn't 26%. It's much lower.
You can't compare "their" total effective rate to "your" marginal rate - which would be 24% if you're married and 32% if you're a single at $150K.
Trump said he did all of those things. But none of that is true. Illegal immigration soared with Trump, only slowing with the sinking economy. Our trade deficit with China has increased. The tariff is just a tax on Americans. NAFTA was just rebranded.
But this really isn’t a party thing, it’s class. Not much difference between the Republicans and Democrats really.
Illegal immigration dropped dramatically. You need better sources. NAFTA was improved.
Tariffs work in the long run. In the short run, its hard to change your supply chain. And China is hurting. I'm hearing some people are having trouble getting supplies out of China because the ships aren't full enough to leave.
Bull. There's no way to assemble the data necessary to make such a claim.
But the actual article points out something important. We have to stop the insane concentration of wealth that has been exacerbated by the Covid panic.
It has been going on for a while, at least since the late 80s. It really took off during Obama's "recovery."
If dems control everything, the rich will be taxed to hell as they should be. They have had it way to easy with Trump in power and we have to lower the debt somehow.
A biden presidency is only going to work if the dems control the House and Senate
what happened in 2009-2011? Years Obama had the Senate? Under Clinton?
"Other people's money" made that money of your hard earned tax dollars chances are or just hard earned labor. Again. Why do hard working, middle-class people back rich parasites?
Because we know that us small business people pay the brunt of Democrat policy. You every wonder why small business people are mostly Republicans followed by Independants, and lastly Democrats
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
