Biden: "I'm Not Gonna Raise Your Taxes"...

[2aguy]

Everyone benefit from other people taxes.

They are not going to raise taxes on less than 400,000 , I think that is too much.

"Everyone benefit from other people taxes."

I'll ask you the same question that's been asked of your illustrious Democrat, Liberal, Socialist, Tax and Spend other peoples money leaders which they have NEVER answered. Let's see if YOU have the ability to answer it. How much is enough? Is It enough to take 40% of every dollar a person earns? Is 50% Enough? Is 60% Enough? Maybe 70% of EVERYTHING YOU MAKE should be taken from what you EARN to "benefit other people" Whats the number? I know you won't answer the question directly. NO pie in the sky, simple minded Utopian dreaming Liberal ever will or can. All you ever want is the fantasy end result with absolutely no idea of how to possibly get there.
When do you take ENOUGH of what a person EARNS through hard work to give to someone else before it becomes TOO much and they stop working? How much is TOO much before people stop working and just kick back and say enough, and then they themselves start sucking off the system? And when that happens, where is the money going to come from to "benefit" "other people" when more people are sucking money out then are putting money in? Grow up and get a clue how economics work.

At the point where you are paying 50% of what you earn to government, they are an unwanted business partner.....at 51%...you are no longer a free citizen...you are a slave........

 

[2aguy]

Because what this country desperately needs is more federal taxes and more central gov't, eh Comrade Winger?

What this country desperately needs is to abandon Supply Side Economics and return to a society that rewards working class citizens and supports the needy.

Your socialist wet dream will never achieve that

We can start by rolling back tax cuts for business and the wealthy as well as beefing up Obamacare and support of higher education.

Can't afford it, not enough money.....even with taxing the hell out of the middle class.
But, there's always a printing press, we can just keep printing funny money.

We were able to afford a $1.5 trillion tax cut to billionaires
Beefing up Obamacare will include a public option

No, it won't include a public option, that will be the only option...which was the goal in creating it in the first place.

 

[Turtlesoup]

Long-term capital gains
If you can manage to hold your assets for longer than a year, you can benefit from a reduced tax rate on your profits.

• For 2019, the long-term capital gains tax rates are 0, 15, and 20% for most taxpayers.
• If your ordinary tax rate is already less than 15%, you could qualify for the 0% long-term capital gains rate.
• For high-income taxpayers, the capital gains rate could save as much as 17% off the ordinary income rate.

Guide to Short-term vs Long-term Capital Gains Taxes (Brokerage Accounts, etc.) - TurboTax Tax Tips & Videos

Not all capital gains are treated equally. The tax rate can vary dramatically between short-term and long-term gains. Generating gains in a retirement account, such as a 401(k) plan or an IRA, can also affect your tax rate.

turbotax.intuit.com

.

Yes, long term capital gains are lower than short-term. The only issue I see is that very wealthy folks, meaning ones that are living off their daddy's trust funds, can pay less in tax(vs regular income tax rates) by selling stocks they have owned more than one year. I personally don't have a problem with this. These folks take money out to spend and invest. I don't envy them, but rather strive to get to that point myself. The left envies them all the while living in their parent's basement until they are 35.

Things happen such as medical bankruptcy, most people do not want to live in their parents basements. Perhaps you tell me how someone , 2 making 10 bucks and hour can live in the US, not without the ACA. That is why the rich are yelling about the ACA.

---------------------------------------------That would be 41,600 for two people working 40 hours a week for 52 wks. Also with child care, children and the cost of kids, rent or mortgage, food, utilities, etc,

NOT in the USA.

They shouldn't be making $10 an hour because they do not have any skills other than working fast food. They should not have children they cannot afford. They can't buy a house on those wages. Their utilities would not be so high if they did not live in a cold climate like you do. Those people have choices.

Low skilled workers used to be able to support a family, provide a home, send their kids to school......all without public assistance.

But with a minimum wage frozen for over a decade, stagnant wage increases, no benefits........they have to rely on Government to make up the difference.

You think minimum wage workers were able to support a family, provide a home and send their kids to school a decade ago? Are you really that stupid?

A decade?
Try 40 years ago

I used to make a minimum wage of $2.10 in the 70s.
On that minimum wage I could pay my whole College tuition working just three months. You could buy a brand new car working just six months. You could rent an apartment

You could get started in life on that wage.....Now all you can do is get started on debt

Maybe colleges should fire their Directors of Lesbian diversity making $180,000 a year along with their supporting staff if you’re worried about tuition cost.

Typical Know Nothing Conservative response.

The most popular major in our Colleges is Business with Education and Healthcare following

You comments have nothing to do with what I posted...you are babbling.

 

[Oldestyle]

Long-term capital gains
If you can manage to hold your assets for longer than a year, you can benefit from a reduced tax rate on your profits.

• For 2019, the long-term capital gains tax rates are 0, 15, and 20% for most taxpayers.
• If your ordinary tax rate is already less than 15%, you could qualify for the 0% long-term capital gains rate.
• For high-income taxpayers, the capital gains rate could save as much as 17% off the ordinary income rate.

Guide to Short-term vs Long-term Capital Gains Taxes (Brokerage Accounts, etc.) - TurboTax Tax Tips & Videos

Not all capital gains are treated equally. The tax rate can vary dramatically between short-term and long-term gains. Generating gains in a retirement account, such as a 401(k) plan or an IRA, can also affect your tax rate.

turbotax.intuit.com

.

Yes, long term capital gains are lower than short-term. The only issue I see is that very wealthy folks, meaning ones that are living off their daddy's trust funds, can pay less in tax(vs regular income tax rates) by selling stocks they have owned more than one year. I personally don't have a problem with this. These folks take money out to spend and invest. I don't envy them, but rather strive to get to that point myself. The left envies them all the while living in their parent's basement until they are 35.

Things happen such as medical bankruptcy, most people do not want to live in their parents basements. Perhaps you tell me how someone , 2 making 10 bucks and hour can live in the US, not without the ACA. That is why the rich are yelling about the ACA.

---------------------------------------------That would be 41,600 for two people working 40 hours a week for 52 wks. Also with child care, children and the cost of kids, rent or mortgage, food, utilities, etc,

NOT in the USA.

They shouldn't be making $10 an hour because they do not have any skills other than working fast food. They should not have children they cannot afford. They can't buy a house on those wages. Their utilities would not be so high if they did not live in a cold climate like you do. Those people have choices.

Low skilled workers used to be able to support a family, provide a home, send their kids to school......all without public assistance.

But with a minimum wage frozen for over a decade, stagnant wage increases, no benefits........they have to rely on Government to make up the difference.

You think minimum wage workers were able to support a family, provide a home and send their kids to school a decade ago? Are you really that stupid?

A decade?
Try 40 years ago

I used to make a minimum wage of $2.10 in the 70s.
On that minimum wage I could pay my whole College tuition working just three months. You could buy a brand new car working just six months. You could rent an apartment

You could get started in life on that wage.....Now all you can do is get started on debt

Where did you go to college that you could pay your whole tuition working 3 months at $2.10 an hour?
I worked to put myself through college in the 70's but it sure as hell wasn't at $2.10 an hour! I worked nights as a bartender and summers doing construction and was making five times the minimum wage and I STILL had to take two semesters off to work full time to get the money I needed for school!

I was in the SUNY system in New York. I paid $650 a year tuition in 1974. That $2.10 an hour paid my tuition and room ($350)

$2.10 an hour times 40 hours times 12 weeks comes out to $1,008. Your tuition and room came to $1,000. So what you're telling me is that you lived for three months on $8, Winger? Care to try again? My tuition at the University of Massachusetts was around $1,200. That didn't include room or board. I had to pay rent on an apartment...gas and insurance for my car...and shell out money to eat! I sure as hell wasn't doing all of those things on minimum wage! Neither were you.

 

[rightwinger]

Long-term capital gains
If you can manage to hold your assets for longer than a year, you can benefit from a reduced tax rate on your profits.

• For 2019, the long-term capital gains tax rates are 0, 15, and 20% for most taxpayers.
• If your ordinary tax rate is already less than 15%, you could qualify for the 0% long-term capital gains rate.
• For high-income taxpayers, the capital gains rate could save as much as 17% off the ordinary income rate.

Guide to Short-term vs Long-term Capital Gains Taxes (Brokerage Accounts, etc.) - TurboTax Tax Tips & Videos

Not all capital gains are treated equally. The tax rate can vary dramatically between short-term and long-term gains. Generating gains in a retirement account, such as a 401(k) plan or an IRA, can also affect your tax rate.

turbotax.intuit.com

.

Yes, long term capital gains are lower than short-term. The only issue I see is that very wealthy folks, meaning ones that are living off their daddy's trust funds, can pay less in tax(vs regular income tax rates) by selling stocks they have owned more than one year. I personally don't have a problem with this. These folks take money out to spend and invest. I don't envy them, but rather strive to get to that point myself. The left envies them all the while living in their parent's basement until they are 35.

Things happen such as medical bankruptcy, most people do not want to live in their parents basements. Perhaps you tell me how someone , 2 making 10 bucks and hour can live in the US, not without the ACA. That is why the rich are yelling about the ACA.

---------------------------------------------That would be 41,600 for two people working 40 hours a week for 52 wks. Also with child care, children and the cost of kids, rent or mortgage, food, utilities, etc,

NOT in the USA.

They shouldn't be making $10 an hour because they do not have any skills other than working fast food. They should not have children they cannot afford. They can't buy a house on those wages. Their utilities would not be so high if they did not live in a cold climate like you do. Those people have choices.

Low skilled workers used to be able to support a family, provide a home, send their kids to school......all without public assistance.

But with a minimum wage frozen for over a decade, stagnant wage increases, no benefits........they have to rely on Government to make up the difference.

You think minimum wage workers were able to support a family, provide a home and send their kids to school a decade ago? Are you really that stupid?

A decade?
Try 40 years ago

I used to make a minimum wage of $2.10 in the 70s.
On that minimum wage I could pay my whole College tuition working just three months. You could buy a brand new car working just six months. You could rent an apartment

You could get started in life on that wage.....Now all you can do is get started on debt

Where did you go to college that you could pay your whole tuition working 3 months at $2.10 an hour?
I worked to put myself through college in the 70's but it sure as hell wasn't at $2.10 an hour! I worked nights as a bartender and summers doing construction and was making five times the minimum wage and I STILL had to take two semesters off to work full time to get the money I needed for school!

I was in the SUNY system in New York. I paid $650 a year tuition in 1974. That $2.10 an hour paid my tuition and room ($350)

$2.10 an hour times 40 hours times 12 weeks comes out to $1,008. Your tuition and room came to $1,000. So what you're telling me is that you lived for three months on $8, Winger? Care to try again? My tuition at the University of Massachusetts was around $1,200. That didn't include room or board. I had to pay rent on an apartment...gas and insurance for my car...and shell out money to eat! I sure as hell wasn't doing all of those things on minimum wage! Neither were you.

I also had a Regents Scholarship ($210) and my parents kicked in for board ($350)

 

[rightwinger]

Long-term capital gains
If you can manage to hold your assets for longer than a year, you can benefit from a reduced tax rate on your profits.

• For 2019, the long-term capital gains tax rates are 0, 15, and 20% for most taxpayers.
• If your ordinary tax rate is already less than 15%, you could qualify for the 0% long-term capital gains rate.
• For high-income taxpayers, the capital gains rate could save as much as 17% off the ordinary income rate.

Guide to Short-term vs Long-term Capital Gains Taxes (Brokerage Accounts, etc.) - TurboTax Tax Tips & Videos

Not all capital gains are treated equally. The tax rate can vary dramatically between short-term and long-term gains. Generating gains in a retirement account, such as a 401(k) plan or an IRA, can also affect your tax rate.

turbotax.intuit.com

.

Yes, long term capital gains are lower than short-term. The only issue I see is that very wealthy folks, meaning ones that are living off their daddy's trust funds, can pay less in tax(vs regular income tax rates) by selling stocks they have owned more than one year. I personally don't have a problem with this. These folks take money out to spend and invest. I don't envy them, but rather strive to get to that point myself. The left envies them all the while living in their parent's basement until they are 35.

Things happen such as medical bankruptcy, most people do not want to live in their parents basements. Perhaps you tell me how someone , 2 making 10 bucks and hour can live in the US, not without the ACA. That is why the rich are yelling about the ACA.

---------------------------------------------That would be 41,600 for two people working 40 hours a week for 52 wks. Also with child care, children and the cost of kids, rent or mortgage, food, utilities, etc,

NOT in the USA.

They shouldn't be making $10 an hour because they do not have any skills other than working fast food. They should not have children they cannot afford. They can't buy a house on those wages. Their utilities would not be so high if they did not live in a cold climate like you do. Those people have choices.

Low skilled workers used to be able to support a family, provide a home, send their kids to school......all without public assistance.

But with a minimum wage frozen for over a decade, stagnant wage increases, no benefits........they have to rely on Government to make up the difference.

You think minimum wage workers were able to support a family, provide a home and send their kids to school a decade ago? Are you really that stupid?

A decade?
Try 40 years ago

I used to make a minimum wage of $2.10 in the 70s.
On that minimum wage I could pay my whole College tuition working just three months. You could buy a brand new car working just six months. You could rent an apartment

You could get started in life on that wage.....Now all you can do is get started on debt

Maybe colleges should fire their Directors of Lesbian diversity making $180,000 a year along with their supporting staff if you’re worried about tuition cost.

Typical Know Nothing Conservative response.

The most popular major in our Colleges is Business with Education and Healthcare following

You comments have nothing to do with what I posted...you are babbling.

Are you Weatherman?

 

[SAYIT]

Long-term capital gains
If you can manage to hold your assets for longer than a year, you can benefit from a reduced tax rate on your profits.

• For 2019, the long-term capital gains tax rates are 0, 15, and 20% for most taxpayers.
• If your ordinary tax rate is already less than 15%, you could qualify for the 0% long-term capital gains rate.
• For high-income taxpayers, the capital gains rate could save as much as 17% off the ordinary income rate.

Guide to Short-term vs Long-term Capital Gains Taxes (Brokerage Accounts, etc.) - TurboTax Tax Tips & Videos

Not all capital gains are treated equally. The tax rate can vary dramatically between short-term and long-term gains. Generating gains in a retirement account, such as a 401(k) plan or an IRA, can also affect your tax rate.

turbotax.intuit.com

.

Yes, long term capital gains are lower than short-term. The only issue I see is that very wealthy folks, meaning ones that are living off their daddy's trust funds, can pay less in tax(vs regular income tax rates) by selling stocks they have owned more than one year. I personally don't have a problem with this. These folks take money out to spend and invest. I don't envy them, but rather strive to get to that point myself. The left envies them all the while living in their parent's basement until they are 35.

Things happen such as medical bankruptcy, most people do not want to live in their parents basements. Perhaps you tell me how someone , 2 making 10 bucks and hour can live in the US, not without the ACA. That is why the rich are yelling about the ACA.

---------------------------------------------That would be 41,600 for two people working 40 hours a week for 52 wks. Also with child care, children and the cost of kids, rent or mortgage, food, utilities, etc,

NOT in the USA.

They shouldn't be making $10 an hour because they do not have any skills other than working fast food. They should not have children they cannot afford. They can't buy a house on those wages. Their utilities would not be so high if they did not live in a cold climate like you do. Those people have choices.

Low skilled workers used to be able to support a family, provide a home, send their kids to school......all without public assistance.

But with a minimum wage frozen for over a decade, stagnant wage increases, no benefits........they have to rely on Government to make up the difference.

You think minimum wage workers were able to support a family, provide a home and send their kids to school a decade ago? Are you really that stupid?

A decade?
Try 40 years ago

I used to make a minimum wage of $2.10 in the 70s.
On that minimum wage I could pay my whole College tuition working just three months. You could buy a brand new car working just six months. You could rent an apartment

You could get started in life on that wage.....Now all you can do is get started on debt

Where did you go to college that you could pay your whole tuition working 3 months at $2.10 an hour?
I worked to put myself through college in the 70's but it sure as hell wasn't at $2.10 an hour! I worked nights as a bartender and summers doing construction and was making five times the minimum wage and I STILL had to take two semesters off to work full time to get the money I needed for school!

I was in the SUNY system in New York. I paid $650 a year tuition in 1974. That $2.10 an hour paid my tuition and room ($350)

$2.10 an hour times 40 hours times 12 weeks comes out to $1,008. Your tuition and room came to $1,000. So what you're telling me is that you lived for three months on $8, Winger? Care to try again? My tuition at the University of Massachusetts was around $1,200. That didn't include room or board. I had to pay rent on an apartment...gas and insurance for my car...and shell out money to eat! I sure as hell wasn't doing all of those things on minimum wage! Neither were you.

So you've noticed Winger lies-a-lot. On that same min wage he raised his 9 kids and sent them all to college.

 

[wamose]

The Democrats have put together a series of plans that just don't add up. Either they're stupid, their followers are stupid or the power of our corrupt MSM that parrot their impossible plans is beyond anyone's control. We're in for big trouble if we hand the keys to Democrats.

 

[wamose]

Biden saying he isn't going to raise taxes is like the HS senior telling his girlfriend not to worry because nothing will happen.

 

[Flash]

The sonofabitch said in the Obama/Biden administration that taxes would not be raised on anybody making less than $250K a year and that was a big fat lie.

How can Biden have any credibility on his statement that he won't raise taxes on anybody making less than $400K a year?

Democrats are fucking liars and only a fool would believe them. Only a bigger idiot would actually be stupid enough to vote for one.

 

[SAYIT]

Because what this country desperately needs is more federal taxes and more central gov't, eh Comrade Winger?

What this country desperately needs is to abandon Supply Side Economics and return to a society that rewards working class citizens and supports the needy.

Your socialist wet dream will never achieve that

We can start by rolling back tax cuts for business and the wealthy as well as beefing up Obamacare and support of higher education.

Can't afford it, not enough money.....even with taxing the hell out of the middle class.
But, there's always a printing press, we can just keep printing funny money.

We were able to afford a $1.5 trillion tax cut to billionaires
Beefing up Obamacare will include a public option

Everyone knows you only lie, Winger.

What TCJA Did:

• Created a historic tax cut for Main Street businesses.
• Lowered tax rates for job creators of all sizes.
• Made it easier for companies to bring jobs and investments back to the U.S.

How the Economy Responded:

• Main Street Optimism Reached An All-Time High. In the third quarter of 2018, small businesses recorded their highest level of optimism to date.
• Opportunities For All Americans Flourished. The unemployment rate reached a generational low, with record low unemployment for women, people of color, and workers without high school degrees.
• Jobs Added to the Economy. Since the enactment of TCJA, the economy gained nearly 5 million jobs before the pandemic.
• TCJA Brought a Record Amount of Job Openings. Under TCJA, job openings were at a record high of 7.5 million jobs.
• Businesses Started to Reinvest Again. Core investments in equipment and other business necessities reversed its Obama-era five-year downward trend and shot back up to near historic highs making businesses and workers more productive, while boosting workers’ wages.
• Business Applications At Record Levels. TCJA encouraged business creation as the amount of business applications reached its highest level ever of over 880,000.

Trump Tax Cuts Results: Full Review - House Committee on Ways and Means

The Tax Cuts and Jobs Act, championed by President Trump and congressional Republicans, spurred a boom in economic growth that took Americans off the sidelines and got them back to work. Thanks to these reforms, our economy doesn’t have to strain under a tax code from 1986, but will recover with...

gop-waysandmeans.house.gov

 

[rightwinger]

What TCJA Did:

Add $1.5 trillion debt
Eliminate much needed funding for infrastructure, education, healthcare

Unemployment was at 3.8 percent. Why did we need a tax cut?
Business was already doing well

 

[Weatherman2020]

What TCJA Did:

Add $1.5 trillion debt
Eliminate much needed funding for infrastructure, education, healthcare

Unemployment was at 3.8 percent. Why did we need a tax cut?
Business was already doing well

Tell Pelosi to stop pork spending if you’re so concerned about the deficit.
PELOSI IS RESPONSIBLE FOR ALL SPENDING SHITFORBRAINS

 

[Viktor]

Anyone who has stocks and dividends will be hit when "capital gains" is taxed as regular income.
That nails most retirees, unless its in a 401k or IRA.

Cry me a river

Those 401ks are taxed like income. Just like capital gains should be. Very few Americans have substantial savings in stocks

WRONG. Your ignorance is astounding,

 

[rightwinger]

Anyone who has stocks and dividends will be hit when "capital gains" is taxed as regular income.
That nails most retirees, unless its in a 401k or IRA.

Cry me a river

Those 401ks are taxed like income. Just like capital gains should be. Very few Americans have substantial savings in stocks

WRONG. Your ignorance is astounding,

Wrong again Skippy

401ks are taxed like income

 

[SAYIT]

Anyone who has stocks and dividends will be hit when "capital gains" is taxed as regular income.
That nails most retirees, unless its in a 401k or IRA.

Cry me a river

Those 401ks are taxed like income. Just like capital gains should be. Very few Americans have substantial savings in stocks

WRONG. Your ignorance is astounding,

Wrong again Skippy

401ks are taxed like income

But as always you tell only half truths (at best). Distributions from such plans are taxed as ordinary income but at your tax rate in the year you make the withdrawal.

Most taxpayers are in lower income tax brackets in retirement when the vast majority of such withdrawals are made.

So the obvious question is: if your socialist POV is valid, why must you always lie, Comrade Winger?

 

[Flash]

Democrats don't know any more about Economics than they know about History, Climate Science, Ethics, or the Constitution.

They saying they won't raise taxes on anybody making less than $400K but then say they they want to raise taxes for those evil corporations. Left Wingers hate corporations. Marist doctrine tells them hate corporations and the dumbass Useful Idiots do it.

The only thing is that "Corporations" really don't pay that one trillion dollars a year in taxes.

Every cent that a corporation pays in taxes comes from the sale of goods or services paid for by the people that buy the goods and services. Raise taxes then that raises the cost of producing the good and services and the price increases.

Democrats are dumbest mutherfuckers on the face of the earth in addition to being the scum of America.

 

[Flash]

 

[TheHardTruth]

View attachment 400087

This same clueless lot, oblivious to how economics work, will be asking......."I voted for employers to pay a $15 minimum wage. Why did the price of my Veggie Delight at Subway double in price?"

 

[Thinker101]

View attachment 400087

These clueless loons...their taxes didn't go up, the rent went up.