Biden planning first major tax hike in almost 30 years

You are free to pay as much in taxes as you want. You don’t have to deduct anything. You can add whatever number you see fit to make it “fair”. Why don’t you? Just add some extra zeros.

 

One thing I have learned over time, sooner or later the tax mans insertion point reach's even the most ardent fan of tax increases and then even they eventually feel like they are getting screwed..

 

Why what I asked they are two entirely different forms of income why do you want them taxes the same. What is "irregular income" I don't know that the IRS uses the terms "regular" and "irregular".

And again what is your underlying goal to raise the most revenue with the least impact on the economy or simply to take more of what the highest earners earn so they don't have it?

 

Hopefully, this action proposed by Good Ole Joe will mean that fat, lazy, good-for-nothing, corporate welfare queens, and grifters like Plutocratic Socialist Donnie will have to tax his federal taxes to the USA USA USA rather than his beloved Communist China.

Wealth taxes wouldn’t destroy the economy — they’d make it better
The economy would benefit directly from a more equal distribution of income because middle- and low-income families spend a greater portion of their incomes than the very rich do, so more money would recycle through the economy. The economy would also benefit if everyone could take advantage of the opportunities that are presently hoarded by the rich. How many great leaders, thinkers and inventors never got the chance?
Social class, wealth and political power are inherited from our parents and grandparents to a shocking degree.
Inequality of wealth creates other problems. The top 1% are socking away a greater share of the nation’s wealth; so much so that regular Americans are starved for the capital they need to buy homes, invest in schooling and start new businesses. The poorest half of Americans have only 2% of all wealth, half as much as their parents had 25 years ago. Meanwhile, the share owned by the top 1% of families has soared to 32%.
The federal government — which might invest more to fight climate change, to build infrastructure and to restructure health care, daycare and education to make them more affordable — is also starved for resources.
https://www.marketwatch.com/story/why-raising-taxes-on-the-rich-isnt-so-crazy-2019-12-09

 

I'm in the retired Social Security income zone with a meager pension. Here's hoping all you working stiff Biden afficionados get your asses handed to you by Biden's IRS. Remember now you voted for him.

 

We also have some of the highest levels of inequality in the world — the goal should always be the former but that isn’t translating to being effective. And your most progressive tax rate is only on income taxes. When you throw in all forms of taxation it skews significantly

 

I understand the roll of government. I prefer strong responsible and effective government. Without government I wouldn’t have the lake my current boat sits on.

 

And we hope you enjoy your subsidized income and medical treatment that you are trying to prevent others from.

 

Why would I put my businesses at a disadvantage vs our competitors who are not doing the same?

 

I made a conscious decision early in life not to end up homeless on the street and be a burden on society. You going to hold that against me or let me live my life?

 

Ah, so you understand how social safety nets work? Great

How am I not letting you live your life?
Others that did not have the forethought (or ability) to take these protections, should they be homeless on the street?

 

Safety nets sometimes have holes in them. I don't trust 'em especially if they're from the government.

 

Tax and spend D's
Borrow and spend R's

And a conflict, while not preferred, in the ME is better than at the USA Capitol as the last president offered the country.

 

If only everyone paid tax.. Until then barrow it and leave me paying like the rest of the people that don't have to pay tax

 

Well least wise the left is consistent in there ideology

 

Ah, a victim are you? At least the right is consistent.
And you are admitting to be in the borrow and spend group?

 

35% to 21% was a ridiculous cut, so 28% sounds about right to me..

The whole thing sounds fine to me..... Realistic ways to raise needed money to fund needed government actions... something R's will never understand, even if they were capable of doing so...

 

Here's a novel concept.... STOP SPENDING SO MUCH DAMN $$$$$ AND YOU WOULD NEVER HAVE TO RAISE TAXES OUTSIDE OF AN EMERGENCY.

You're welcome.

 

You don't see us as being in an emergency now?

 

$400,000 isn't a working man's salary.

 

Then mend them, the Trumpublicans would rather leave us with no nets at all.

 

Everything has holes in it. You still catch a lot of fish with imperfect nets.

 

You truly don't understand ANYTHING about how the government deals with money and expenses, do you?

 

Economics - UCSD
MBA - UCLA

We do not have a tax/revenue problem. We have a spending problem. If you do not understand that, then, "you truly don't understand ANYTHING about how the government deals with money and expenses".

 

Start by cutting the military in half. That's almost 4 trillion in savings over ten years.

You're welcome.