Biden - If you vote for me your taxes are going to be raised, not cut!
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I think that's a pretty reasonable idea. Eliminate the tax breaks which only the top of the top can take advantage of and have everyone pay a flat rate.
The only thing I disagree on is that anyone should be exempt from paying taxes, even if they are under a certain amount. I understand it might seem harsh, but when everyone has skin in the game, you have a sense of community and personal responsibility.
Terrible idea. Everyone should be taxed equally. I hate to defend the super rich, but they shouldn't have to pay the bill by themselves. Even someone making $12,000 a year should pay something in taxes. It should bring a sense of partnership knowing you're contributing something and not just leeching.
I attack corporate welfare, but I will defend those same people from being taxed when others aren't. It's about being consistent ideologically and not flip-flopping every which direction.
The only thing I disagree on is that anyone should be exempt from paying taxes, even if they are under a certain amount. I understand it might seem harsh, but when everyone has skin in the game, you have a sense of community and personal responsibility.
Terrible idea. Everyone should be taxed equally. I hate to defend the super rich, but they shouldn't have to pay the bill by themselves. Even someone making $12,000 a year should pay something in taxes. It should bring a sense of partnership knowing you're contributing something and not just leeching.
I attack corporate welfare, but I will defend those same people from being taxed when others aren't. It's about being consistent ideologically and not flip-flopping every which direction.
S
He’s advocating the Biden dementia conspiracy theory. That’s not a very honest thing to do.
There’s not one credible source verifying that. Of course, we got the usual ultra right wing news outlets pushing this agenda with their left wing sidekicks, the Sanders supporters. These extremists are not credible.
There’s not one credible source verifying that. Of course, we got the usual ultra right wing news outlets pushing this agenda with their left wing sidekicks, the Sanders supporters. These extremists are not credible.
If we just cut all the welfare spending on the evil people and simply financed the military and basic administration of the federal government you really wouldn't need much of a tax. We could also just raise tariffs instead as well. It really makes no sense to tax your own people and your own businesses while giving tax breaks to foreigners and their businesses so that their dark and evil countries can out-compete you.
K
I actually feel bad for Biden. I don't know why his family and close friends didn't try to talk him out of running. He's clearly in decline. Perhaps because my mother's a nurse I see it more. Clearly he is having trouble finishing sentences, remembering details, it's sad to me. On the other side of the coin Dems have called Trump mentally unfit, deranged, and more. So it's not unfair for the tables to be turned. But Biden is not able to keep up this pace. His first debate with Sanders will make that obvious.
S
The thing is that both Biden and Sanders, for the Democrats, and Trump, for the GOP, are old school schoolyard bullies.
Those three are people I can vividly imagine engaging in a fistfight behind the barn😁.
There’s nothing soft about any of them, despite there efforts to come across pc.
It’s like having John Wayne, Clint Eastwood and Davy Crockett running for office😂.
Those three are people I can vividly imagine engaging in a fistfight behind the barn😁.
There’s nothing soft about any of them, despite there efforts to come across pc.
It’s like having John Wayne, Clint Eastwood and Davy Crockett running for office😂.
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K
Well we do agree there. Biden swore at a voter the other day. It is old school politics, that's for sure. But they had a few women, a younger man, people of color. That's what I thought the Dems wanted. But we end up with an old VP and and old Jew. lol It's just all so unreal. The final lap is going to be the most entertaining thing on tv. Luckily my mother has DVR so we won't miss a thing.
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I think Bernie was the left's best attempt to dethrone Trump. Perhaps I'm wrong, we will see... it's just extremely difficult to see Biden keep his head above water when he debates Trump.
It makes me think of one of those all-time great boxers who probably should have retired 1 or 2 fights earlier... but they feel like they have one last good fight in them, only to get completely annihilated by the opponent.
It makes me think of one of those all-time great boxers who probably should have retired 1 or 2 fights earlier... but they feel like they have one last good fight in them, only to get completely annihilated by the opponent.
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S
Yeah, but the world is having so many crisis thrown at it these days, and you just don’t want some soft spoken, pc, young person in office.
Then you’ll want a real man in charge.
Some would say it’s Trump, others would say it’s Biden, and yet some will say it’s Sanders.
No one would name the other candidates for the Democrats when times are bad.
When we’re frightened we’ll turn to someone we believe can protect us.
Despite the candidates advanced age, I think this general election is back to normal. No effeminate men, or pc women running this time.
Then you’ll want a real man in charge.
Some would say it’s Trump, others would say it’s Biden, and yet some will say it’s Sanders.
No one would name the other candidates for the Democrats when times are bad.
When we’re frightened we’ll turn to someone we believe can protect us.
Despite the candidates advanced age, I think this general election is back to normal. No effeminate men, or pc women running this time.
How President Trump handles the response to the potential oil crisis and corona virus's effect on the economy will make or break his reelection effort. If the 3rd quarter numbers crash, (mass panic flamed by a hostile press is primed for a crash) Joe Biden will win in a landslide. Watch two things. Layoffs and the price of oil.
K
Well I think you know I support Trump. But honestly, Biden I think will only be a figure- head if elected. I think they will drag him all the way to "democratic" socialism, among other things. I don't know that Biden is strong enough to run the country and that is what bothers me with a win for him.
Americans For Tax Fairness:
Fact Sheet: Taxing Wealthy Americans
Key Facts
Talking points
—————————-
Overview
The federal income tax is designed to be progressive — tax rates increase in steps as income rises. For decades this helped restrain disparities in income and helped provide revenue to make public services available to all Americans. Today the system has badly eroded — many multi-millionaires and billionaires pay a lower tax rate than average American families.
Ironically, this has happened while the gap between the wealthy and everyone else has grown wider than ever. The extremely rich aren’t only earning and owning more — many are also passing wealth to their heirs tax free, creating a new American aristocracy with vast fortunes.
How the rich avoid paying taxes — and what to do about it
Fact Sheet: Taxing Wealthy Americans
Key Facts
- The richest 1% of Americans own 35% of the nation’s wealth. The bottom 80% own just 11% of the nation’s wealth.
- In the 1950s and 1960s, when the economy was booming, the wealthiest Americans paid a top income tax rate of 91%. Today, the top rate is 43.4%.
- The richest 1% pay an effective federal income tax rate of 24.7% in 2014; someone making an average of $75,000 is paying a 19.7% rate.
- The average federal income tax rate of the richest 400 Americans was just 20 percent in 2009.
- Taxing investment income at a much lower rate than salaries and wages are taxed loses $1.3 trillion over 10 years.
- 1,470 households reported income of more than $1 million in 2009 but paid zero federal income taxes on it.
- CEOs of major corporations earn nearly 300 times more than an average worker.
- 30 percent of income inequality is due to unfair taxes and budget cuts to services and benefits.
- The largest contributor to increasing income inequality has been changes in income from capital gains and dividends.
Talking points
- It’s time for the wealthiest Americans and big corporations to pay their fair share of taxes. When they take unfair advantage of the many loopholes in the tax code the rest of us pick up the tab.
- Instead of cutting education funding for our children, we should ask millionaires to pay a tax rate at least as high their secretary’s.
- Instead of cutting Social Security and Medicare, we should ask the wealthy to give up a few tax loopholes so that we can make sure everyone has a secure retirement.
—————————-
Overview
The federal income tax is designed to be progressive — tax rates increase in steps as income rises. For decades this helped restrain disparities in income and helped provide revenue to make public services available to all Americans. Today the system has badly eroded — many multi-millionaires and billionaires pay a lower tax rate than average American families.
Ironically, this has happened while the gap between the wealthy and everyone else has grown wider than ever. The extremely rich aren’t only earning and owning more — many are also passing wealth to their heirs tax free, creating a new American aristocracy with vast fortunes.
How the rich avoid paying taxes — and what to do about it
- Tax income from investments like income from work. Billionaires like Warren Buffett pay a lower tax rate than millions of Americans because federal taxes on investment income (unearned income) are lower than the taxes many Americans pay on salary and wage income (earned income). Because Buffett gets a high percentage of his total income from investments, he pays a lower income tax rate than his secretary. Currently, the top statutory tax rate on investment income is just 23.8%, but it’s 43.4% on income from work. To reduce this inequity, we should raise tax rates on capital gains and dividends so they match the tax rates on salaries and wages. These loopholes lose $1.3 trillion over 10 years.
- Cap tax deductions at 28% for the wealthiest Americans. The rich are able to get much bigger tax breaks for the same tax deductions taken by the middle class. For example, a wealthy family living in a McMansion gets a much bigger tax deduction on the interest on their large mortgage than a middle-class family gets on the interest on their small mortgage on a two-bedroom house. President Obama has proposed to limit the tax break on deductions that the richest 3% can take to 28 cents on the dollar. In other words, the rich would get the same tax benefit per dollar of deductions as a household in the 28% tax bracket, but not more (as they do now) at the higher 39.6% bracket. This would raise $500 billion over 10 years.
- Strengthen the estate tax. Some of the ultra-rich are able to take advantage of loopholes so they pay almost nothing in inheritance taxes. Others take advantage of the fact that the exemption levels for the estate tax are very high — $5.3 million per individual ($10.6 million per couple). President Obama proposes to restore the exemptions to their 2009 levels — $3.5 million for an individual ($7 million for a couple) taxed at a 45% top rate. This and other reforms would raise $131 billion over 10 years. Only three estates for every 1,000 deaths would be affected.
- Another way to ensure that large inheritances are taxed is to close the income tax loophole that lets wealthy people avoid capital gains taxes by holding their assets until they die. Their heirs then escape paying taxes on these gains. This would raise about $650 billion over 10 years. We should also end specialized trusts that allow families, such as the Waltons who own more than half of Walmart, to completely avoid paying estate and gift taxes.
- Pass the Buffett Rule. The Buffett rule, inspired by billionaire Warren Buffett, would require millionaires to pay a minimum tax rate of 30%. This will guarantee that the wealthy will not pay a smaller share of their income in taxes than a middle-class family pays. It would raise $72 billionover 10 years.
- Close the Wall Street carried interest loophole. Wealthy private equity managers use a loophole to pay the lower 23.8% capital gains tax rate on the compensation they receive for managing other people’s money. We should close this loophole so that they pay the same rate as others at their income level who receive their compensation as salary. This would raise $17 billion over 10 years.
- Eliminate the payroll tax loophole for S corporations. This loophole allows many self-employed people to use “S corporations” to avoid payroll taxes. Used by Newt Gingrich and John Edwards to avoid taxes, closing this loophole would require treating this income as salary rather than profit, making it subject to payroll taxes. This would raise $25 billion over 10 years.
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