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  • RaceBannon
    RaceBannon Member, Moderator, Swaye's Wigwam Posts: 115,527 Founders Club
    The Trump tax cuts raised taxes on the rich and lowered them on the middle despite the lies of the usual liars. I don't need talking points I have @CirrhosisDawg as a witness

    He went into an epic meltdown about losing a lot of his high digit mortgage deduction and a lot of his his state income tax deduction and cried like a little girl about his taxes going up

    I pointed out that mine went down

    THAT'S BECAUSE YOU ARE POOR

    A good attorney lets the witness make the case for him

    Guess what Biden and the dems want to do first? Get rid of what raised the taxes of the California and NY rich

    As we like to say go fuck yourself
  • WestlinnDuck
    WestlinnDuck Member Posts: 17,905 Standard Supporter
    HHusky said:

    Hmmm. I wonder why we "leftists" won't just pay more voluntarily. Eh, Gasbag?

    I also wonder why you self-professed undertaxed leftards don't voluntarily pay more tax. You should know better than me since I'm not the phucking hypocrite that you are. So, the top 1% of taxable US income earners pay 40% of the federal income tax. In February 2020 let us know what was wrong with the US economy which was generating the highest increase in US middle income wages in decades. Not enough tax revenue to fund public education which sucks? The actual truth is that the "income" of the wealthy doesn't include increases in their investment portfolio. When they die, this "untaxed" wealth is subject to a 40% federal estate tax rate. For some reason, the ultra red state of California doesn't have an estate tax. You should fix that. You suck at this.


    The White House noted that its estimate of the tax rate for the wealthiest households is "much lower" than other groups' estimates of top income tax rates. The administration's takes into account income from unrealized capital gains, which is not typically included in this type of analysis.
  • HHusky
    HHusky Member Posts: 24,335

    "Unrealized capital gains"

    Imagine how fucking stupid you have to be to fall for that one

    Money is fungible. I can spend or borrow against the tax free appreciation just as easily as I can spend my earned income.

    Passing assets along at a stepped up basis has to go, or we simply could lower the estate tax thresholds again. One or the other. Joe's position is he'd like to do both, but I suspect that's an attempt to get one of the two done.
  • hardhat
    hardhat Member Posts: 8,344
    Bernie's been talking about 'taxing the rich' long before I was born, but he's done jack shit about it. When he did finally release his plans, the ugly truth is that the only way to truly pay for all these things is to raise payroll taxes on the middle class, by at least 9%. That was from non-partisan analysis. I don't hear anything coming out of Davos or the World Economic Forum about those fucktards paying more in taxes. Start there.
  • HHusky
    HHusky Member Posts: 24,335

    HHusky said:

    Hmmm. I wonder why we "leftists" won't just pay more voluntarily. Eh, Gasbag?

    I also wonder why you self-professed undertaxed leftards don't voluntarily pay more tax. You should know better than me since I'm not the phucking hypocrite that you are. So, the top 1% of taxable US income earners pay 40% of the federal income tax. In February 2020 let us know what was wrong with the US economy which was generating the highest increase in US middle income wages in decades. Not enough tax revenue to fund public education which sucks? The actual truth is that the "income" of the wealthy doesn't include increases in their investment portfolio. When they die, this "untaxed" wealth is subject to a 40% federal estate tax rate. For some reason, the ultra red state of California doesn't have an estate tax. You should fix that. You suck at this.


    The White House noted that its estimate of the tax rate for the wealthiest households is "much lower" than other groups' estimates of top income tax rates. The administration's takes into account income from unrealized capital gains, which is not typically included in this type of analysis.
    A permanent upper class defined by large, lightly taxed inheritances is perfectly fine with Gasbag.
  • WestlinnDuck
    WestlinnDuck Member Posts: 17,905 Standard Supporter
    Sledog said:

    HHusky said:

    HHusky said:

    Hmmm. I wonder why we "leftists" won't just pay more voluntarily. Eh, Gasbag?

    I also wonder why you self-professed undertaxed leftards don't voluntarily pay more tax. You should know better than me since I'm not the phucking hypocrite that you are. So, the top 1% of taxable US income earners pay 40% of the federal income tax. In February 2020 let us know what was wrong with the US economy which was generating the highest increase in US middle income wages in decades. Not enough tax revenue to fund public education which sucks? The actual truth is that the "income" of the wealthy doesn't include increases in their investment portfolio. When they die, this "untaxed" wealth is subject to a 40% federal estate tax rate. For some reason, the ultra red state of California doesn't have an estate tax. You should fix that. You suck at this.


    The White House noted that its estimate of the tax rate for the wealthiest households is "much lower" than other groups' estimates of top income tax rates. The administration's takes into account income from unrealized capital gains, which is not typically included in this type of analysis.
    A permanent upper class defined by large, lightly taxed inheritances is perfectly fine with Gasbag.
    How much of other peoples money are you entitled to there fagbag? What's your estimate?
    The dazzler would say a whole bunch of his money but he would only do so at gunpoint. That's the way he rolls.
  • RaceBannon
    RaceBannon Member, Moderator, Swaye's Wigwam Posts: 115,527 Founders Club
    HHusky said:

    "Unrealized capital gains"

    Imagine how fucking stupid you have to be to fall for that one

    Money is fungible. I can spend or borrow against the tax free appreciation just as easily as I can spend my earned income.

    Passing assets along at a stepped up basis has to go, or we simply could lower the estate tax thresholds again. One or the other. Joe's position is he'd like to do both, but I suspect that's an attempt to get one of the two done.
    See? Look who falls for it
  • hardhat
    hardhat Member Posts: 8,344
    Tell us more about estate and inheritance taxes dude. Why doesn't every state have them? Do they incentivize investment? Do they help or just provide a way for people to carve out exemptions, trusts, and other ways to avoid them? I'm sure you're an expert in this area.