Republican Tax Cuts For The Rich And The Debt Crisis

Thanks for admitting you want to cut zero spending anywhere.

 

That is impossible. Debt can only be the result of spending more than they take in. Tax cuts have never resulted in a loss of revenue for the treasury. Ever.

Have you ever noticed that taxes are based on percentage while wealth is based on a dollar amount? As you point at the "wealthy" demanding that they are forced to pay more, it won't be long until people are pointing at you.

 

Why do talk about middle class and poor as it is a class. We our all Americans. Money has nothing to do with who we are. I can have no money today and have a million tomorrow or vice versus but I am still an American. I would rather live in America with no money than any other country with plenty of money. I refuse to be classified by gender, race or financial status.

 

Biden cut spending American lives abroad. Thats worth every penny.

 

Tell that to trump. He classified the cuts, then set an expiration on the ones that benefit everyday Americans directly.

 

why should a group that makes 20% of the income pay 40% of the income tax and all the wealth tax (which is what the death tax is)?

 

Because we have the best Military in the world.
Do you want to defund the military?
Because thats the only way to create a fair and equal tax.

 

Trump's tax cuts were for EVERYONE. Tax rates were cut ACROSS THE BOARD. Trump's cuts also included specific things like making education loan interest payments deductible. Such things are clearly aimed at the middle class trying to pay off their children's or their own education loans. Such stipulations would mean little or nothing to the rich.

 

Nice try. Both parties use the class game to fit their political needs. When are we the people going to stand up and refuse to be classified in little boxes.

 

for decades, republicans been Telling us the Republican tax cuts for the rich would trickle down... instead the debt has skyrocketed

 

I never said anything was forever. Hey, the next time someone sends you $2,000 but just for two years so you don't want it... send it to me. I'll help you out and take it.

 

Trump's tax cuts were for EVERYONE. Tax rates were cut ACROSS THE BOARD. Trump's cuts also included specific things like making education loan interest payments deductible. Such things are clearly aimed at the middle class trying to pay off their children's or their own education loans. Such stipulations would mean little or nothing to the rich.

 

Its for ease of communication. For some odd reason talking about direct dollar income is taboo here in the states.

 

that's absolutely silly
to me fair means paying for what you use
to me fair means if you pay more taxes you should have more say in how those taxes are collected and spent
how about we defund all sorts of wasteful programs that are most likely of dubious constitutional validity like the department of education

 

Giving tax cuts to the rich, means the rich already have the money, no need to create jobs to get the money

helping the average American, means the rich have to create jobs to get that money, trickle up works

 

uh that is due to increased governmental spending

 

the rich earn the money-your post suggests that the government is giving the rich something

 

Why did he set an expiration date for what Trump termed lower and middle class?

 

the Trump tax cuts were a permanent tax cut for the rich and a temporary carrot tax cut for the middle class

 

Every fiscal thing I have ever experienced has an end date. Name me a tax rate from 1800 that remains in effect today. Taxes change with every administration.

 

which was a good thing since the middle class's share of the tax burden is way too low

 

what is the end date for the tax cuts for the rich?

when do they go back to the rates under and before Reagan?

 

So either delayed renumeration based on future income from the 'product', or non-cash investment based on project future earnings. And that may work for someone who has a business of their own, but it doesn't work for someone who needs a paycheck to pay the bills.

Yes. And for those in a low income bracket, 15% or less by taxation is a lot less than $10,000 footed by other taxpayers.

You are presuming that the person has accumulated wealth, regardless of the source. Does that put them on the trickle up side, or the trickle down side, if they are paying someone else for their time/labor?

 

That's because it doesn't matter what someone else makes. I've never understood those that worry what someone else makes or spends. If I have enough to support myself and do some leisure activities, then why would what someone else makes be a worry?

Envy, thy color is green.

 

Rich business owners most definitely invest more in people and development when they keep more of their earnings. They take more risks on developing and expanding through growing products and services. They expand into new cities and locations. They might start offering services they did not previously offer.
Its not just about the number of customers....its also about market share and staying ahead of competition and diversifying to stay strong. I've seen over and over businesses grow in services and product lines and locations and hiring people to get the idea done. But only if they felt they had the capital to take the risk.