Only an i***t would believe Biden’s tax plan only hits those making $400,000 or more (Page 3): Larry, good to hear from you...

Tiptop789 Loc: State of Denial

drlarrygino wrote:

TickedOff, you are wrong as usual. Suck it up and take a bath. Maybe with BathosedBoy.

Larry, good to hear from you

Tiptop789 Loc: State of Denial

Dinty wrote:

Poor people have to take the standard seduction because they do not have enough to write off. How about everyone take the standard deduction and pay taxes on the rest. Also get rid of the phony foundations, like the Soros and Clinton foundations. I take the standard deductions and still have to pay income tax on part of my Social Security.

Great idea! How about standard deduction and 10% flat tax on the rest? Probably wouldn't work because those that can afford accountants & lawyers would find ways to pay only $750/yr in taxes.

WEBCO

Tiptop789 wrote:

Well, can i***t Republicans come up with a good plan?

A 10% flat tax

JFlorio Loc: Seminole Florida

Tiptop789 wrote:

Great idea! How about standard deduction and 10% flat tax on the rest? Probably wouldn't work because those that can afford accountants & lawyers would find ways to pay only $750/yr in taxes.

Flat tax is basically a consumption tax. Would pay at the time of purchase. I read the "Fair, Flat Tax Plan years ago and think that is the best route. It would simplify our tax structure greatly. However; the IRS isn't just about collecting money. It's about power and letting the most powerful "wheel" power and influence by lobbying those that are in charge of the tax code. Very corrupt.

gelynch52ph

JFlorio wrote:

Here’s how stupid our legislators have gotten. We ... (show quote)

I think you are both high and vastly misinformed. The marginal tax rate (search that term) under Reagan was 93% at its highest & Raygun ruined the economy with his tax cuts for the wealthy and the bogus "trickle downeconomics" which never work.

pegw

Aparently, youdo not know how much money the 1% has

JFlorio Loc: Seminole Florida

gelynch52ph wrote:

I think you are both high and vastly misinformed. The marginal tax rate (search that term) under Reagan was 93% at its highest & Raygun ruined the economy with his tax cuts for the wealthy and the bogus "trickle downeconomics" which never work.

There were many more deductions when the marginal tax rate was that high. Under Reagan we had one of the strongest economies and job growth rates ever. You’re just another uninformed troll.

https://www.reaganfoundation.org/ronald-reagan/the-presidency/economic-policy/

Wonttakeitanymore

Milosia2 wrote:

Why are you the only one complaining about it ?

He isn’t! Zombie! Anyone with a brain knows it trickles to the working man and small business owners!

Wonttakeitanymore

woodguru wrote:

My wife's (our) taxes went up by about $10k a year with the trump "tax cuts"...mainly because there were a whole raft of things she used to be able to write off that small businesses no longer can. Her tax accountant had to study the changes because there were so many things excluded. Meanwhile people making millions had their rates go down.

Maybe u should work too! Instead of trolling all day!

son of witless

JFlorio wrote:

I guess because I understand it.

Excellent answer.

Big Kahuna

gelynch52ph wrote:

I think you are both high and vastly misinformed. The marginal tax rate (search that term) under Reagan was 93% at its highest & Raygun ruined the economy with his tax cuts for the wealthy and the bogus "trickle downeconomics" which never work.

I tried trickle up economics in my family but it never worked. No one making less than me in my family wanted to pay for their fair share of costs to run the family. I had to resort back to trickledown ecocomics where I paid my son to cut the grass, my daughter got paid to wash the dishes and my wife made minimum wage of $15 to take out the trash. They finally had enough money to pay some of their fair share to run the household. Trickle down is a good way of spreading the wealth and getting everyone, even po folk, to pay their fairshare.

Big Kahuna

pegw wrote:

Aparently, youdo not know how much money the 1% has

I know it's a little more than what you pitch in.

JFlorio Loc: Seminole Florida

pegw wrote:

Aparently, youdo not know how much money the 1% has

I know they pay around 50% of all Federal taxes. I'm not defending them anyway. Raising taxes on the upper crust never benefits the rest of us.

JFlorio Loc: Seminole Florida

drlarrygino wrote:

I tried trickle up economics in my family but it n... (show quote)

They use that catch phrase because they think it makes them clever. Reganomics, was properly labeled supply side economics. Best President of my lifetime. Trickle up is much more accurate a description.

lindajoy Loc: right here with you....

JFlorio wrote:

They use that catch phrase because they think it makes them clever. Reganomics, was properly labeled supply side economics. Best President of my lifetime. Trickle up is much more accurate a description.

You got that right!!!