The Last 4 Years.

[Giantone]

Originally Posted by Fishingfool

So it was OK to blame Trump for all the covid deaths when it was a world problem. You can't play it both ways.

Who is blaming trump for those??? I hate him and even I never did that. it was a pandemic -World Wide.

trump can't handle his own money, he can't run the Country Finance's.

https://news.yahoo.com/trump-takes-n...111224080.html

Not to mention he has claim Bankruptcy 4 times.

[sdskinsfan2001]

Originally Posted by Darrell Green Fan

We all felt the inflation. But that has ended, the rate adjustments did exactly as intended. Are you even aware that post COVID every country in the world had big inflation? If you look at the rankings the US is far far down the list.

Are you even aware of this?

https://tradingeconomics.com/country...inflation-rate

So blaming the Biden Administration for our inflation when it was a global problem is unfair and off the mark. What else you got? The much anticipated recession never happened. While I do not believe the President has a lot to do with the stock market Trump's claim that our 401's will be cut in half under Biden simply did not happen. Have you checked your balance lately?

Kamala's plan is to lower tax burdens on the middle class where Trump will try again to give tax breaks to the uber rich such as himself. Are you really OK that you pay more in taxes than Donald Trump does? Really? He agreed with Elon Musk about firing striking workers.

He will not help you and your family. That is a false narrative he has sold to you and others.

How is she going to accomplish this plan? And I use the words "her plan" fast and loose.

80% of Americans got a tax cut with the Trump tax cuts. If you don't agree with tax cuts at all, fine, but don't keep pumping the lie that only the rich benefited. A majority of American's got to keep more of their own money with his tax cuts.

https://www.washingtonpost.com/polit...umps-tax-cuts/

Because there are far more people in the middle class, there are fewer dollars to share per taxpayer when the savings from a tax cut are divvied up. The nonpartisan Joint Committee of Taxation estimates that 572,000 taxpayers will file returns with an income category of more than $1 million, compared with more than 27 million in the $50,000 to $75,000 category and almost 70 million in the under-$50,000 category.

If the wealthy end up with more money because they pay more in taxes, that’s not necessarily a fair way to look at tax legislation. The top 1 percent in 2014 earned 20 percent of adjusted gross income and paid nearly 40 percent of federal taxes, according to the Tax Foundation. The Tax Policy Center estimates that in 2018, the top 1 percent would get 20.5 percent of the tax cuts.

Moreover, when both the Joint Tax Committee and the Tax Policy Center looked at the impact of the tax bill, they concluded that in 2018, most people would see an overall reduction in taxes. The Tax Policy Center found that 80.4 percent of all taxpayers would have a tax cut, compared with about 5 percent experiencing a tax increase. In the middle quintile, 91 percent would get a tax cut, averaging about $1,090, with 7.3 percent facing a tax increase averaging about $910.

[Darrell Green Fan]

Originally Posted by sdskinsfan2001

How is she going to accomplish this plan? And I use the words "her plan" fast and loose.

80% of Americans got a tax cut with the Trump tax cuts. If you don't agree with tax cuts at all, fine, but don't keep pumping the lie that only the rich benefited. A majority of American's got to keep more of their own money with his tax cuts.

https://www.washingtonpost.com/polit...umps-tax-cuts/

Because there are far more people in the middle class, there are fewer dollars to share per taxpayer when the savings from a tax cut are divvied up. The nonpartisan Joint Committee of Taxation estimates that 572,000 taxpayers will file returns with an income category of more than $1 million, compared with more than 27 million in the $50,000 to $75,000 category and almost 70 million in the under-$50,000 category.

If the wealthy end up with more money because they pay more in taxes, that’s not necessarily a fair way to look at tax legislation. The top 1 percent in 2014 earned 20 percent of adjusted gross income and paid nearly 40 percent of federal taxes, according to the Tax Foundation. The Tax Policy Center estimates that in 2018, the top 1 percent would get 20.5 percent of the tax cuts.

Moreover, when both the Joint Tax Committee and the Tax Policy Center looked at the impact of the tax bill, they concluded that in 2018, most people would see an overall reduction in taxes. The Tax Policy Center found that 80.4 percent of all taxpayers would have a tax cut, compared with about 5 percent experiencing a tax increase. In the middle quintile, 91 percent would get a tax cut, averaging about $1,090, with 7.3 percent facing a tax increase averaging about $910.

As the top 1% clearly benefitted far more than a $1,000 tax cut I stand on the positon that the top 1% had a much bigger tax cut than the average worker. Kamala is looking to change that and have the top 1% pay more and the average American pay less.

[sdskinsfan2001]

Originally Posted by Darrell Green Fan

Let's review your math. From you article the top 1% had their tax rates reduced from nearly 40% to 20% while the average middle class earner had a tax break of a thousand bucks. Does it needed to be pointed out that a 20% decrease at the income levels of the top 1% is a much much larger number than $1,000? So obviously the top 1% benefitted far more than the average worker. Kamala is looking to change that and have the top 1% pay more and the average American pay less.

If you pay 20k per year in taxes and I pay 10k per year in taxes, then they cut your rate 5% and mine receives a higher cut of 7.5%, you would still "get" more money than me because you paid more. You would get to keep an extra 1k and I would get to keep an extra 750. Is this unfair? No, it makes sense, if you pay more you could keep more actual dollars even if my tax rate cut was higher.

Note - I was already responding to your original post, while it looks like you were editing.

[MTK]

Historically the economy does significantly better under a Democrat as President


Nice self-own here:

During a March 2004 interview, Donald Trump stated: "It just seems that the economy does better under the Democrats than the Republicans."

[nonniey]

Biden can be blamed for contributing to inflation as many of his policies did contribute to it and not even one policy designed to reduce it.

[Giantone]

Originally Posted by nonniey

Biden can be blamed for contributing to inflation as many of his policies did contribute to it and not even one policy designed to reduce it.

No, what you fail to mention was the price gauging from Companies and Big Business after the Country was coming out of the Pandemic.

[Fishingfool]

Originally Posted by Giantone

No, what you fail to mention was the price gauging from Companies and Big Business after the Country was coming out of the Pandemic.

Please give examples. Years back you also said Obama care would fix health insurance and not drive up prices. how did that work out?

[nonniey]

Originally Posted by Giantone

No, what you fail to mention was the price gauging from Companies and Big Business after the Country was coming out of the Pandemic.

Self Deleted post (too Gianttonish).

[Giantone]

Originally Posted by nonniey

I stated that Biden's policies contributed to/accelerated inflation and none of them were designed to reduce inflation. So here is that old colloquialism again for how you responded - What does that have to do with the price of tea in China?

The fact that you refuse to acknowledge this aspect as a root case of inflation and would rather blame it on Biden policies is revealing all in itself.

[nonniey]

Originally Posted by Giantone

The fact that you refuse to acknowledge this aspect as a root case of inflation and would rather blame it on Biden policies is revealing all in itself.

Yes, it is telling. It confirms what everyone on this board has known for years. That you have serious reading comprehension problems.

[sdskinsfan2001]

Originally Posted by Darrell Green Fan

It's no secret that the ultra rich pay very little in taxes, as I have posted in the other thread Trump literally bragged about it. Well some of feel that is very very wrong.

Originally Posted by Darrell Green Fan

You make a fair point however as I said in my edited post (you are too quick for me) it's no secret that the ultra wealthy have ways to pay very little in taxes. Trump literally bragged about it and said it was smart and if you don't like it get the laws changed, which I totally agree with. However something is terribly wrong when a man like Donald Trump paid far less in taxes than you did. So I'm voting for the person who will fight to change that.

Outside of the tax rate themselves, the tax code is definitely one big, convoluted cluster-fuck that benefits the wealthy. They have the money to bribe the politicians to write favorable tax codes and they have the money to pay high-profile accountants/tax preparers to avoid as many taxes as possible once its time to pay. I agree w/ you, that this definitely isn't right.

But politicians write all of these tax codes, including Kamala Harris. Democrats are just as responsible as writing all the bullshit tax-codes as republicans are. I don't buy for a second, that the tax code will change any more with her as President, than it did under anyone else. Every democratic presidential candidate says they're going to make these drastic changes. Biden didn't do it, Obama didn't do it, and Harris won't do it either. To be fair to them, I don't even know if it's possible for a president to really do anything anyways, because most of congress also benefits from the current system (both sides). It's just a great talking point you can throw out there every election.

If she wins and actually manages to accomplish that, then I'll tip my hat to her. But it's all political-speak to me until proven otherwise.

Give me a flat tax, with no write-offs or anything. No one pays any taxes on the 1st 50K they make or 100k for joint filers, then everything above that is taxed at 25% (give or take a couple % points). That's it, that's the tax code. Of course it will never pass because then both sides can't use taxes as a political weapon, all the rich fuckers can't bribe anyone, and politicians don't get their kickbacks.

The main reason I'm conservative is I don't trust our federal government. I want as limited as a government as possible, including things like drastically simplyfying the tax code.

[BaltimoreSkins]

Originally Posted by sdskinsfan2001

Outside of the tax rate themselves, the tax code is definitely one big, convoluted cluster-fuck that benefits the wealthy. They have the money to bribe the politicians to write favorable tax codes and they have the money to pay high-profile accountants/tax preparers to avoid as many taxes as possible once its time to pay. I agree w/ you, that this definitely isn't right.

But politicians write all of these tax codes, including Kamala Harris. Democrats are just as responsible as writing all the bullshit tax-codes as republicans are. I don't buy for a second, that the tax code will change any more with her as President, than it did under anyone else. Every democratic presidential candidate says they're going to make these drastic changes. Biden didn't do it, Obama didn't do it, and Harris won't do it either. To be fair to them, I don't even know if it's possible for a president to really do anything anyways, because most of congress also benefits from the current system (both sides). It's just a great talking point you can throw out there every election.

If she wins and actually manages to accomplish that, then I'll tip my hat to her. But it's all political-speak to me until proven otherwise.

Give me a flat tax, with no write-offs or anything. No one pays any taxes on the 1st 50K they make or 100k for joint filers, then everything above that is taxed at 25% (give or take a couple % points). That's it, that's the tax code. Of course it will never pass because then both sides can't use taxes as a political weapon, all the rich fuckers can't bribe anyone, and politicians don't get their kickbacks.

The main reason I'm conservative is I don't trust our federal government. I want as limited as a government as possible, including things like drastically simplyfying the tax code.

I agree that democrats are equally to blame. Both of them serve their corporate overlords and their big donors. When I hear things such as huge increases in campaign contributions I know it just means bought favors.

I however am not sold on the flat tax just because 25% (going with the example) to someone making 51K is a much bigger impact than some one making 200k. I don't have the answers. While I have been told I am aesthetically pleasing to look at I am not nearly handsome enough to be a politician.

[sdskinsfan2001]

Originally Posted by BaltimoreSkins

I agree that democrats are equally to blame. Both of them serve their corporate overlords and their big donors. When I hear things such as huge increases in campaign contributions I know it just means bought favors.

I however am not sold on the flat tax just because 25% (going with the example) to someone making 51K is a much bigger impact than some one making 200k. I don't have the answers. While I have been told I am aesthetically pleasing to look at I am not nearly handsome enough to be a politician.

A person making 51K under that proposal would only pay $250.00 in federal income tax (nothing on 50k, 25% on 1k).

A person making 200K would pay $37,500 (25% on 150k).

[sdskinsfan2001]

Tax rates assuming I was in the same tax group now since I started working in 1999 and going through 2024:

2018 - 2024: 24.00%
2003 - 2017: 28.00%
2002: 30%
2001: 30.5%
1999 - 2000: 31%

https://taxfoundation.org/data/all/f...ates-brackets/

Yeah, sign me up for the Trump tax plan over any other president since I've been working. If Kamala wins, I hope my fair share/middle class taxes do not increase past 24.00%.