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Did you forget that we’re debating the ultra rich not poor workers?Why do you always lie?
Forty seven percent of workers pay no Federal income tax. How much less do you think they should pay. Do you not believe that everyone should pay for the privilege of living in this great country?
Pure mindless BULLSHIT.Wall Street failed in 2008 because the idiot Democrats passed that stupid CRA that used government influence to put pressure on lenders to give credit to people that had neither the inclination or means to it back. It destroyed the housing market and everything came crashing down.
But of course The Worthless Negro bailed out his Wall Street buddies that gave him a shitload of campaign donations.
Are you assuming that stocks are fairly evenly distributed among the 35% with the only slightly more held by the top, when actually the bottom 80% have only 7% of the stock equity?You are assuming the 35% of Americans that own stock are 100% all in the highest tax bracket.
Nice try, dummy.
BULLSHIT!Flash
Yup. Cutting taxes brought more money into the economy and Fed coffers than raising them ever did. The Dems never learned that lesson but Kennedy, Reagan and Trump sure did.
Pure BULLSHIT mindlessly parroted by FOOLS.more revenue is always received in when taxes are cut. EVERYTIME.
Tramp jacked up the national debt long before he unleashed the Trump Pandemic on America.Do you really want to pretend that the Chinese did not unleash the COVID-19 virus?
Maybe, maybe not. We need to stop the mindset of "we need to spend more money, so let's keep raising taxes". Sure, maybe, right now, cutting taxes isn't feasible. Long term? Absolutely. Right now, they need to be finding ways to cut spending, and to stop wasting money.
Once we get this all under control, then we can work toward lowering taxes.
Borrowing money to spend on stuff, and then pay it back with taxpayer money is never the best option. By doing that, you are creating perpetual debt that can never be paid off. All debt is created with interest. Even if you paid every cent of debt owed, you'd still have all that interest to pay. There is always more debt than there is money to pay it. So, to pay the interest, you'd have to borrow more money, which is tied to interest of its own.
The point is, it's a lie that we could ever pay down the debt, let alone pay it off. It just can't happen.
Borrow and repay is the worst possible situation. What they should be doing is cut spending.
Do you really want to go there? Do you really want to pretend that the Chinese did not unleash the COVID-19 virus?
Besides, hasn't Harris/Biden/Pelosi increased the debt by about eight trillion dollars already?
Perhaps, but nothing compared to what President Harris/Biden has done in only ten months.Tramp jacked up the national debt long before he unleashed the Trump Pandemic on America.
You're trying to discuss economics with people who have received their education and training from Limbaugh, Hannity and Carlson.So you are saying in 1969 cap gains were not raised under Nixon? You're mentally ill.
Screaming a response, in bold text only makes what you post more difficult to read and therefore much easier to ignore.
Go granny, go granny, go granny, go!
he doesn't have that authority. sorry. it must go through congress.It would be under Bidens proposal. The higher cap gains rate only kicks in for high income earners.
sure they use the roads and offices that every american uses. Why shouldn't poor people pay their fair share? Why do you protect them? It's really Ironic how little most of you idiots in here understand about wages. People who are rich earned over time and invested it. They don't make million dollar salaries annually. you all are truly ignorant of most things USA. I once thought you had a brain.Did you forget that we’re debating the ultra rich not poor workers?
Poor workers have little income, but you still want them to pay income taxes. Sad and dumb. Surely you know they pay other taxes which greatly harm them. I know I know you don’t care about the working poor. Fuck those losers. Right?
you should read up on how many rich people earn a million a year. hahahahahahahahahahaha you think because someone has money it's what they earn annually. tooo fking funny.You're trying to discuss economics with people who have received their education and training from Limbaugh, Hannity and Carlson.
I do admire your patience, but I'm sure you're not hoping to break through.
As a 21+ year Financial Advisor, CFP/ChFC/CLU, that's not what I think.you should read up on how many rich people earn a million a year. hahahahahahahahahahaha you think because someone has money it's what they earn annually. tooo fking funny.
I wasn't going to comment but I read some of yours and john doe's posts. Even the OP is idiotic. I don't like the dems 3.5 trillion dollar bill and imo if it passes we will have so much inflation that the fed will have to cause a recession, and if we are still pumping in money with stuff like extended tax credits, even the Fed may be unable to fully end inflation.As a 21+ year Financial Advisor, CFP/ChFC/CLU, that's not what I think.
I do know, however, that you're just another ignorant, arrogant Trumpster.
Cap gains will be pretty risky. I saw an interview with Manchin, and I think I heard him say that he is FOR increasing them. That was a little surprising.I wasn't going to comment but I read some of yours and john doe's posts. Even the OP is idiotic. I don't like the dems 3.5 trillion dollar bill and imo if it passes we will have so much inflation that the fed will have to cause a recession, and if we are still pumping in money with stuff like extended tax credits, even the Fed may be unable to fully end inflation.
BUT cap gains is not even a side show in this.
upping the cap gains by the 3% or whatever they're discussing isn't going to make drastic changes in people's behaviors.Cap gains will be pretty risky. I saw an interview with Manchin, and I think I heard him say that he is FOR increasing them. That was a little surprising.
It doesn't look like the $3.5T is going to hold, so we'll see where they back off on taxes, if at all.
well if you were an actual advisor, then you'd know that if people don't earn an annual million, then the capital gains rate doesn't affect them. Which therefore means that tax is a useless increase based on possible candidates for it.As a 21+ year Financial Advisor, CFP/ChFC/CLU, that's not what I think.
I do know, however, that you're just another ignorant, arrogant Trumpster.
