It is time to increase the tax on the top 10% of Americans.

[jbander1A]

You have heard all these right wing clowns saying that to pay off the debt you would have to take away all the wealth of the 1% , to the exaggerated extent of all the wealth of everyone, to pay off the debt. Clown talk. Here is the fact, increase the taxes of just the top 10% by 10% you would get 963 billion increase a year. And that amount would increase at an average rate of about 4% a year, that is the historic trend.(2021 numbers). You take out Trump's disastrous 2020 increase in the debt and that amount would pay our annual debt increase a year, and with the historic increase in tax revenue. That increase will pay down the existing debt. In 25 years, that tax revenue would double to two trillion a year. One trillion over the average debt increase for the last 11 years.

[reason10]

That is stupid and ignorant. The top EARNERS PAY MOST OF THE TAXES NOW.

https://www.rushlimbaugh.com/daily/2011/09/21/only_the_rich_pay_taxes/

There is new data for 2001. The share of total income taxes paid by the top 1% fell to 33.89% from 37.42% in 2000. This is mainly because their income share (not just wages) fell from 20.81% to 17.53%. However, their average tax rate actually rose slightly from 27.45% to 27.50%.

*Data covers calendar year 2001, not fiscal year 2001 – and includes all income, not just wages, excluding Social Security

Here's an original idea: CUT 963 BILLION from Democrat SPENDING, most of which goes to buy votes from the stupid.

Tax increases ALWAYS hurt the economy and result in less revenues. Unelected Joe raised taxes and he has the HIGHEST deficits of all time.

 

 

[Hodad]

27 minutes ago, jbander1A said:

You have heard all these right wing clowns saying that to pay off the debt you would have to take away all the wealth of the 1% , to the exaggerated extent of all the wealth of everyone, to pay off the debt. Clown talk. Here is the fact, increase the taxes of just the top 10% by 10% you would get 963 billion increase a year. And that amount would increase at an average rate of about 4% a year, that is the historic trend.(2021 numbers). You take out Trump's disastrous 2020 increase in the debt and that amount would pay our annual debt increase a year, and with the historic increase in tax revenue. That increase will pay down the existing debt. In 25 years, that tax revenue would double to two trillion a year. One trillion over the average debt increase for the last 11 years.

Eh, I support higher tax revenue, but I don't think this is a good approach. 90th percentile will start somewhere around $155K income. That's not exactly wealthy and those people aren't the problem. They are paying their taxes like everyone else, not hiding it in shelters. Whereas the very rich, the top 1% or so, can pay for clever accounting to shelter their income and are paying a pittance in proportion to income and wealth. I'd much rather see a simplified tax structure that eliminates most deductions. 

[Hodad]

34 minutes ago, reason10 said:

 

Tax increases ALWAYS hurt the economy and result in less revenues. Unelected Joe raised taxes and he has the HIGHEST deficits of all time.

 

 

No he doesn't. Why do you say this stuff that is obviously factually wrong? Are you pathological? The highest deficit on record is your god emperor in FY 2020 -- with a healthy contribution to the 2nd highest deficit in FY 2021. He was running large--and growing--deficits even with a healthy pre-covid economy. Biden's first full fiscal year deficit in 2022, is less than half of Trump's 2022.

US Treasury

 

But, but, but... anybody can make a chart!

Yes, yes they can. The US treasury, which tracks deficit, debt and surplus can indeed make a chart illustrating deficit by FY.

[Michael Hardner]

For you children born during the hellish reign of right-wing libertarian Obama... Reagan reduced the rates from 50% to 28%.  I don't believe Obama did much with taxes.

This is the other side of people complaining about the deficit - REVENUE.  They usually claim we can't "afford" social programs but don't mention the favourable tax code changes since the 1960s or military spending.

Shrug.

https://en.wikipedia.org/wiki/Reagan_tax_cuts#:~:text=The second tax cut (The,from 20% to 28%.

[SpankyMcFarland]

Well, it’s time in both Canada and the US to close the loopholes and make the rich pay what they are supposed to pay. In both countries the federal tax collectors have given upon on tax enforcement against the uber-rich and their armies of enablers. I think we should sort our own house out first before criticizing foreigners. 

Edited January 17, 2023 by SpankyMcFarland

[herbie]

The USA is the one country that will not even consider taxing discretionary spending - a GST/VAT tax.

Passing over a lot of revenue from yachts, private planes, mansions, Ferraris, etc....

[reason10]

7 hours ago, Hodad said:

No he doesn't. Why do you say this stuff that is obviously factually wrong? Are you pathological? The highest deficit on record is your god emperor in FY 2020 -- with a healthy contribution to the 2nd highest deficit in FY 2021. He was running large--and growing--deficits even with a healthy pre-covid economy. Biden's first full fiscal year deficit in 2022, is less than half of Trump's 2022.

US Treasury

 

But, but, but... anybody can make a chart!

Yes, yes they can. The US treasury, which tracks deficit, debt and surplus can indeed make a chart illustrating deficit by FY.

Unelected Joe's RECORD HIGHEST SPENDING OF ALL TIME IS THE REASON FOR THE RUNAWAY INFLATION.

 

Grow a brain, cretin.

[reason10]

2 hours ago, herbie said:

The USA is the one country that will not even consider taxing discretionary spending - a GST/VAT tax.

Passing over a lot of revenue from yachts, private planes, mansions, Ferraris, etc....

You have no idea what you're talking about.

[Hodad]

15 minutes ago, reason10 said:

Unelected Joe's RECORD HIGHEST SPENDING OF ALL TIME IS THE REASON FOR THE RUNAWAY INFLATION.

 

Grow a brain, cretin.

Hey, Florida Man, are you just looking for more ways to showcase your ignorance? Even if you move the goalposts from deficit to spending, as you are now trying to go, Trump has higher spending. https://www.presidency.ucsb.edu/statistics/data/federal-budget-receipts-and-outlays

And if you're looking for "record spending" check the WWII era for spending nearly twice the percent of GDP.

 

 

 

Edited January 18, 2023 by Hodad

[reason10]

8 hours ago, Hodad said:

Hey, Florida Man, are you just looking for more ways to showcase your ignorance? Even if you move the goalposts from deficit to spending, as you are now trying to go, Trump has higher spending. https://www.presidency.ucsb.edu/statistics/data/federal-budget-receipts-and-outlays

And if you're looking for "record spending" check the WWII era for spending nearly twice the percent of GDP.

 

 

 

That is a lie and you are a LIAR.

[Hodad]

1 hour ago, reason10 said:

That is a lie and you are a LIAR.

No, you are a liar. Or just too farking dumb to read a simple table. Perhaps a graph will help. Sorry, the treasury does not work in crayon.

 

Whether in dollars or percent of GDP, both measures of spending peak under Trump and decline with Biden. 

You're welcome to make excuses and rationalizations and grovel at the altar of Trump, but you're not going to get away with "alternative facts" like your God Emperor. 

 

Edited January 18, 2023 by Hodad

[reason10]

2 hours ago, Hodad said:

No, you are a liar. Or just too farking dumb to read a simple table. Perhaps a graph will help. Sorry, the treasury does not work in crayon.

 

Whether in dollars or percent of GDP, both measures of spending peak under Trump and decline with Biden. 

You're welcome to make excuses and rationalizations and grovel at the altar of Trump, but you're not going to get away with "alternative facts" like your God Emperor. 

 

LIke I said, ANY uneducated MOe ron can make a chart.

The reason we have this RECORD INFLATION it's because UNELECTED JOE SPENT TRILLIONS to pay people NOT TO WORK. I suppose it's time for RELIABLE sources, since you seem to only want to quote THE VIEW.

https://www.washingtontimes.com/news/2022/mar/30/bidens-big-spending-policies-helped-fuel-inflation/

Biden’s big-spending policies helped fuel inflation, says Federal Reserve Bank of San Francisco

Washington’s multitrillion-dollar spending habit has driven inflation across the U.S. higher than in most other Western democracies, according to the Federal Reserve Bank of San Francisco.

A report released on Wednesday by the bank said the U.S. inflation rate spiked higher than other countries in March 2021, shortly after Congress passed President Biden’s $1.9 trillion COVID-19 relief package.

Earth to imbecile. $1.9 TRILLION Covid WELFARE PACKAGE.

https://nypost.com/2023/01/14/inflation-finally-easing-hides-true-toll-of-bidenomics-its-up-13-7-since-he-took-office/

Inflation finally easing hides true toll of Bidenomics — it’s up 13.7% since he took office

Oh, and the spending during the Trump years was in place a few YEARS before he took the oath of office. Congress hasn't had a budget since 2008.

https://www.heritage.org/budget-and-spending/report/the-democratic-congresss-2008-budget-tax-and-spending-spree

Fact: The House has already waived its PAYGO rules, and Congress has voted to increase entitlement spending by $179 billion. Offset by the $98 billion in tax increases, these policies would increase the budget deficit by nearly $81 billion.

Runaway entitlement spending represents the most perilous part of the federal budget. Entitlement programs, which automatically grow without limits or oversight, constitute more than 60 percent of the federal budget. Large entitlement programs such as Social Security, Medicare, and Medicaid are growing between 7 percent and 12 percent annually. Unless they are reined in, entitlements will eventually consume the entire federal budget or force European-sized tax increases.

In recent years, members of the current Democratic congressional majority regularly derided runaway spending and called for "fiscal discipline" and "substantial curbs, if not cuts, in spending."[10] They campaigned in 2006 on PAYGO budgeting that would require fully offsetting all new entitlement increases with entitlement cuts or tax increases.[11] They have not held to that standard. Earlier this year, Congress actually voted to ignore PAYGO altogether when allocating new entitlement money to a bill that wouldprovide for congressional representation of Washington, D.C.

That's YOUR goose stepping high spending Democrat side of the aisle.

 

 

[Michael Hardner]

2 hours ago, Hodad said:

 Whether in dollars or percent of GDP, both measures of spending peak under Trump and decline with Biden. 

Emotional people use ALL CAPS, eg "LIAR".  These are just numbers, but Trump cult has violent reactions if you criticize him.  Add this: Why did Tea Party champion Paul Ryan leave politics during the Trump administration ?  He didn't like deficits, that is why.

[Hodad]

14 minutes ago, reason10 said:

LIke I said, ANY uneducated MOe ron can make a chart.

The reason we have this RECORD INFLATION it's because UNELECTED JOE SPENT TRILLIONS to pay people NOT TO WORK. I suppose it's time for RELIABLE sources, since you seem to only want to quote THE VIEW.

https://www.washingtontimes.com/news/2022/mar/30/bidens-big-spending-policies-helped-fuel-inflation/

Biden’s big-spending policies helped fuel inflation, says Federal Reserve Bank of San Francisco

Washington’s multitrillion-dollar spending habit has driven inflation across the U.S. higher than in most other Western democracies, according to the Federal Reserve Bank of San Francisco.

A report released on Wednesday by the bank said the U.S. inflation rate spiked higher than other countries in March 2021, shortly after Congress passed President Biden’s $1.9 trillion COVID-19 relief package.

Earth to imbecile. $1.9 TRILLION Covid WELFARE PACKAGE.

https://nypost.com/2023/01/14/inflation-finally-easing-hides-true-toll-of-bidenomics-its-up-13-7-since-he-took-office/

Inflation finally easing hides true toll of Bidenomics — it’s up 13.7% since he took office

Oh, and the spending during the Trump years was in place a few YEARS before he took the oath of office. Congress hasn't had a budget since 2008.

https://www.heritage.org/budget-and-spending/report/the-democratic-congresss-2008-budget-tax-and-spending-spree

Fact: The House has already waived its PAYGO rules, and Congress has voted to increase entitlement spending by $179 billion. Offset by the $98 billion in tax increases, these policies would increase the budget deficit by nearly $81 billion.

Runaway entitlement spending represents the most perilous part of the federal budget. Entitlement programs, which automatically grow without limits or oversight, constitute more than 60 percent of the federal budget. Large entitlement programs such as Social Security, Medicare, and Medicaid are growing between 7 percent and 12 percent annually. Unless they are reined in, entitlements will eventually consume the entire federal budget or force European-sized tax increases.

In recent years, members of the current Democratic congressional majority regularly derided runaway spending and called for "fiscal discipline" and "substantial curbs, if not cuts, in spending."[10] They campaigned in 2006 on PAYGO budgeting that would require fully offsetting all new entitlement increases with entitlement cuts or tax increases.[11] They have not held to that standard. Earlier this year, Congress actually voted to ignore PAYGO altogether when allocating new entitlement money to a bill that wouldprovide for congressional representation of Washington, D.C.

That's YOUR goose stepping high spending Democrat side of the aisle.

 

 

Jeebus. You are pathetic. You'll ignore actual data from an original sources like Treasury, because "anyone can make a chart," but will post opinions from third rate papers like the Examiner and Post, because apparently only those "authoritative" sources (lol) can type words and numbers. ?

Look. Everyone with eyeballs and a functioning brain can see both deficit and spending numbers. You can keep your head up your ass and pretend they are not there, but it won't change the facts. 

We see you.

[Michael Hardner]

56 minutes ago, Hodad said:

 You'll ignore actual data from an original sources like Treasury, because "anyone can make a chart," but will post opinions from third rate papers like the Examiner and Post, because apparently only those "authoritative" sources (lol) can type words and numbers. ?

Why are you trying to discuss things with people who ignore facts ?  Data from the treasury ?  Their method of determining the value of a source is only whether it agrees with their opinions or not.

Put them on the Ignore List and discuss with a higher order of poster on here.

[herbie]

Discussing anything with the clinically insane... yet 1/2 the threads are from his absolutely convoluted interpretations of events and issues.

[Hodad]

3 hours ago, Michael Hardner said:

Emotional people use ALL CAPS, eg "LIAR".  These are just numbers, but Trump cult has violent reactions if you criticize him.  Add this: Why did Tea Party champion Paul Ryan leave politics during the Trump administration ?  He didn't like deficits, that is why.

Yeah, he said it was for family time, but I suspect that it was not very appealing to stay. Ryan was a serious politician and I don't think he had any appetite for the clown show and it likely made the decision to leave much easier. I preferred the Obama/Biden vision, but the country would have been just fine under Romney/Ryan, who are both serious, honorable (adjusting for political life) and capable. 

I don't even mind deficits if we get good value for them. The thing that is obnoxious about the large Trump deficits is that they were elective and wasteful. He was trying to goose an already healthy economy in silly ways. I don't blame him for the pandemic portion of the deficits. I think that was mostly necessary and vastly favorable to the alternative. But the reason he has such massive deficits in the pandemic years is because that emergency spending was stacked on top of his already huge default, elective deficits. 

[Hodad]

2 hours ago, Michael Hardner said:

Why are you trying to discuss things with people who ignore facts ?  Data from the treasury ?  Their method of determining the value of a source is only whether it agrees with their opinions or not.

Put them on the Ignore List and discuss with a higher order of poster on here.

I don't know. It's like a crooked picture on the wall. And there's soooo much of it. I am not used to an unmoderated forum. I keep expecting someone to see the absurdity and enforce some basic standards. Like, "Thou shalt stop shitting in the public pool!" ?‍♀️

[Michael Hardner]

1 minute ago, Hodad said:

1. Ryan was a serious politician and I don't think he had any appetite for the clown show and it likely made the decision to leave much easier. 

2.  But the reason he has such massive deficits in the pandemic years is because that emergency spending was stacked on top of his already huge default, elective deficits. 

1. John Kelly, John Bolton... there's a parade of normal capable people who filed through the revolving door of the Trump WH. 

Bolton:

Quote

Former White House national security adviser John Bolton compared working in President Trump’s White House to a “pinball machine” in an interview Monday with USA Today.

Bolton told the newspaper the experience was “like living inside a pinball machine,” saying Trump is “almost proud of not learning much about the subject matter of national security.”

2. Yes, Pandemic spending is understandable, agreed.

[herbie]

Jeez I just opened another quarterly cheque for $329 GST rebate. I don't think I've spent more than $50 in GST-able things in the last 3 month.

I guess that's just so unfair to the billionaire that paid $50K on a million dollar yacht and didn't get so much as a penny back!
Or is it just too complicated for Trump puppies to figure out.

Edited January 18, 2023 by herbie

[reason10]

5 hours ago, Hodad said:

Jeebus. You are pathetic. You'll ignore actual data from an original sources like Treasury, because "anyone can make a chart," but will post opinions from third rate papers like the Examiner and Post, because apparently only those "authoritative" sources (lol) can type words and numbers. ?

Look. Everyone with eyeballs and a functioning brain can see both deficit and spending numbers. You can keep your head up your ass and pretend they are not there, but it won't change the facts. 

We see you.

You have offered no FACTUAL data whatsoever, except from biased left wing rags, most of which have less credibility than THE VIEW.

I offer FACTS. And FACTS DON'T CARE ABOUT YOUR DUMBASS FEELINGS.

[Hodad]

1 minute ago, reason10 said:

You have offered no FACTUAL data whatsoever, except from biased left wing rags, most of which have less credibility than THE VIEW.

I offer FACTS. And FACTS DON'T CARE ABOUT YOUR DUMBASS FEELINGS.

Aw, Florida Man thinks Treasury.gov is a "biased left wing rag."

At this point I'm shifting to pity, because the truly stupid aren't even smart enough to recognize their gross deficiency.

[Michael Hardner]

2 hours ago, Hodad said:

Aw, Florida Man thinks Treasury.gov is a "biased left wing rag."

At this point I'm shifting to pity, because the truly stupid aren't even smart enough to recognize their gross deficiency.

?  He doesn't care about FEELINGS... or accounting...

[jbander1A]

On 1/17/2023 at 1:35 PM, reason10 said:

That is stupid and ignorant. The top EARNERS PAY MOST OF THE TAXES NOW.

https://www.rushlimbaugh.com/daily/2011/09/21/only_the_rich_pay_taxes/

There is new data for 2001. The share of total income taxes paid by the top 1% fell to 33.89% from 37.42% in 2000. This is mainly because their income share (not just wages) fell from 20.81% to 17.53%. However, their average tax rate actually rose slightly from 27.45% to 27.50%.

*Data covers calendar year 2001, not fiscal year 2001 – and includes all income, not just wages, excluding Social Security

Here's an original idea: CUT 963 BILLION from Democrat SPENDING, most of which goes to buy votes from the stupid.

Tax increases ALWAYS hurt the economy and result in less revenues. Unelected Joe raised taxes and he has the HIGHEST deficits of all time.

 

 

Garbage and what do you expect, this is from garbage man Rush the pile of shit Limberger.