And further... Here's the big kicker, which I have just been studying to see if it's the same in America, as it is in Australia - and guess what - it IS!

If you are earning a lower income, you are more likely to pay "all" of your taxes based on the tax rate for your income.

If you are earning a higher income (ie over $200k), you most likely will be paying much less tax than the tax rate for your income level, because you will be paying an accountant to find as many ways to reduce your tax debt as possible. The 200 richest Americans in 2021 only paid 8% tax on their income, for example.

https://www.whitehouse.gov/cea/writ...-income-tax-rate-on-the-wealthiest-americans/

So even if you increase the tax level for high income Americans - they're still going to find ways out of paying it, but at least you'll hopefully get a bit more out of them, to help reduce that massive big big huge tax debt...

Unless of course Trump gets back into power, because we all know he's already promised to reduce taxes for his billionaire friends...

 

Tax cuts for the rich caused the national debt problem. Tax increases for the rich will solve the debt problem.

 

The rich have plenty of money. All we need is to direct the government to take if from them.

 

Well yes, but you're not being fair to the Republicans. If they agree to tax the rich, the rich will stop making donations to them, and then who is going to vote for them? Oh yeah, Maga idiots...

 

So if we understand your trigger point, its that rich people hire experts who know the tax laws and take advantage of them, but poor people just pay whatever their income level says they have to pay .........

Couple of thoughts;
First, "poor people" can take advantage of all of the tax laws just like rich people. See, there are these software programs out there that are (GASP!) free if you have a simple tax situation, that will walk through the process of filing taxes and maximizing deductions. Shooters son has about the simplest tax situation there is; he makes mid five figures, lives in an apartment, has a single car, and that free tax software did his taxes and got back EVERY PENNY OF TAX WITHHELD for him during the year, plus $850 for what's called "TABOR" refunds. In other words, son not only did not pay any tax, he got paid just for living in Colorado.

And that's pretty much the norm in the US; the poor pay very little or no tax, the rich pay the bulk of it.

https://www.bloomberg.com/news/arti...xpayers-paid-majority-of-income-taxes-in-2016

Second, if you think the tax laws give the rich an unfair break on paying taxes, your bitch is with Congress, you know, who pass the laws "the rich" take advantage of. You see, "the rich" are doing nothing more evil than following the law when they have their fancy accountants take advantage of tax breaks.

Now, as far as Trump and the leftist propaganda that he just gives tax breaks to his rich friends, lets remember that it was Trump who included a cap on the credits the rich could take for their state income tax on their Federal taxes. You can learn all about it by googling "SALT deductions." That cap Trump put into his tax law generated about $50 BILLION in tax revenue for the feds and the rich liberals in high state tax states haven't quit fluttering since. It's now an annual item on their tax wish lists.

Compared to Biden who slipped his rich friends an estimated $560 BILLION in student loan forgiveness since he took office, all while giving the supreme court his middle finger after the court ruled his arbitrary executive orders exceeded his authority.
Joe Biden fucking idiot . | Page 140 | XNXX Adult Forum

Again;
You need to do some research before you post. You keep embarrassing yourself with your propaganda bites.

 

We cannot tax our way out of debt
We cannot tax our way out of debt
We cannot tax our way out of debt
We cannot tax our way out of debt

No matter how often you repeat your propaganda that the debt is caused by the rich, it will not make it true.
Starting with the question;
So IF the deplorables started the lie 3 DECADES AGO that caused the debt, why haven't the despicables fixed the problem?
Are the deplorables so powerful they have the despicables cornered and do as they please?
Are the despicables too dumb to fix the problem?
No. Of course not.
The fact is, neither deplorables or despicables are going to ever get a grip on the debt.
They just don't care enough.

Its up to voters to make it clear that fixing the debt and securing our borders are jobs 1 and 2.

 

Think the poor don’t pay taxes? This chart proves you very wrong.
By Dylan Matthewsdylan@vox.com Apr 14, 2015, 8:30am EDT


One of the stranger conservative tax talking points is the claim that the tax code is somehow unfair to rich people, who are unduly burdened by the progressive income tax. "The top 10 percent pay two-thirds of the income tax," the Heritage Foundation's Stephen Moore notes in a representative piece. "And the bottom 50 percent — all Americans with an income below the median — pay just 3 percent of the income tax." Sen. Rand Paul (R-KY) made a similar argument in his 2013 and 2014 budgets, which included a flat tax to make "the system more efficient and fair by broadening the tax base, letting everyone contribute to their government instead of a few people contributing for everyone."

Leaving aside the fact that this is exactly how a progressive tax system is supposed to work, this analysis has a big conceptual flaw: it only focuses on federal income taxes. That's not the biggest part of most families' tax bill — most pay more in payroll taxes for Social Security and Medicare, for example. And it also leaves out state and local governments, which tend to rely heavily on regressive sales and property taxes. Citizens for Tax Justice, a left-leaning tax policy shop with a strong reputation for careful modeling, puts out an annual report looking at how much Americans pay in all taxes put together. It reveals a tax code that, while still progressive for low earners, hits the uber-rich and the upper middle class at roughly the same rate:

 

What Shooter sees in BigSuzy's post is the best case for first getting the Federal budget under control and then dealing with who should pay for it.

Really, paying even 20% of income to support government seems a bit excessive. After all, Government's first and primary job is our security and defense. That shouldn't cost anywhere close to 20%.

 

That is only true for income taxes. The over all tax system is mildly progressive, as I have explained time and time again.

 

Ah, there's some honesty for you, and the problem that shooter cannot understand because it's the truth. Poor shooter.

- darkride

------------

The simple truths about domestic spending and taxation are that every item in the domestic budget has a powerful constituency to protect it, and the largest and most expensive programs are the most popular. Moreover, most Americans favor a more progressive tax system.

This could be a winning issue for the Democrats, as it was before 1964. Nevertheless, most whites distrust the Democrats on the issues of crime race, and immigration.

 

Ah, there's some honesty for you, and the problem that shooter cannot understand because it's the truth. Poor shooter.

- darkride

------------

The simple truths about domestic spending and taxation are that every item in the domestic budget has a powerful constituency to protect it, and the largest and most expensive programs are the most popular. Moreover, most Americans favor a more progressive tax system.

This could be a winning issue for the Democrats, as it was before 1964. Nevertheless, most whites distrust the Democrats on the issues of crime race, and immigration. Negroes tend to oppose gay rights legislation.

 

More of our tax dollars going to pay off illegal student loans instead of putting that money towards reducing our national debt....

 

$34,761, 255,000,000
That's $34 TRILLION IN DEBT.
And counting.

And the current budget is $6.8 TRILLION and we only have $4.8 TRILLION in revenue.

That means we'll be adding another $2 TRILLION to the debt before brandon leaves office.

Just the interest on the debt will exceed $1 TRILLION before brandon leaves office.

 

You cannot change a falsehood into a truth by repeating it thrice.

I have pointed this out previously. Pay attention this time.

The Second World War ended in 1945. During that time the national debt as a percentage of gross domestic product (GDP) was 114%.

1980 was the last full year Jimmy Carter was president. By then the national debt as a percentage of GDP had declined to 32%.

https://www.thebalancemoney.com/national-debt-by-year-compared-to-gdp-and-major-events-3306287

During this time the top tax rate never got below 70%. and was often much higher.

https://www.irs.gov/pub/irs-soi/02inpetr.pdf

Because of Republican tax cuts for the rich the national debt as a percentage of GDP grew to 129% during Trump's last full year in office 2020. After two years of President Biden this declined to 123%.

There is little popular support for specific cuts in domestic spending programs.

https://apnews.com/article/spending-budget-poll-biden-cd55f1c3859b62a861cdbdc0cd23bd79

For years there has been popular support for higher taxes on rich people.

https://www.google.com/search?q=pol...YYHhgPmANMkgcHNy45LjAuMaAHv34&sclient=gws-wiz

 

As usual, we get the same tired old nonsense from the dog. Shooter thinks there might be some brain damage there because, you know, he's been sniffing assholes again and eating shit.

The reason we can't tax our way out of debt is that every time congress raises a tax or creates a new one, they find a way to spend even more money. The increased tax never goes to reducing the debt. They just keep taxing and spending.

You are yet again dishonest by using figures you claim are a Percentage of GDP, but you can't explain why our debt should be tied to GDP. You also use figures from unusual periods in our history, like the end of WWII.

And you once again must skewer any tax cut, as if anyone who would dare suggest reducing the federal budget is a moron.

Sorry, dog. The last of your credibility went away in the last month or so, and this post of yours only reinforces that you offer little to nothing in adult conversation.
US National Debt by Year (thebalancemoney.com)

 

I post facts. You post insults, name calling, and a few obscene words.

 

You post old cherry picked facts.
If Shooter triggered you don't respond to his posts.
We don't have a safe space.

 

I think I posted that first, but thank you.