What to know about Biden's 2025 budget proposal

I'm not seeing that to be the case. I do my daughter's taxes and she always has a pretty high negative tax rate at $35K and 3 kids.
The actual data also shows that you are mistaken.

 

that's evasive. many people are taxed absolutely nothing. people like me are paying over 25%

class envy is what motivates most of the "rich aren't paying their fair share crap

want fairness-then give people extra votes for them paying more than the average amount of income tax dollars

the main thrust for the income tax was to give congress more power
secondly the prohibitionist movement was a big supporter because their anti booze crusade was attacked as costing the government excise tax dollars. so they proposed an income tax

it's mainly political power grabbing rather than efficient revenue-a NST would have been far more efficient but would give the government far less power

 

https://www.cato.org/commentary/american-income-tax-tyranny

The United States has the most progressive (i.e., unequal) tax system in the world. The bottom 50 percent of income earners, on average, receives more in tax benefits than they pay in taxes — while the highest earners pay a wildly disproportionate amount of their income in taxes — despite the myth that Warren Buffett has a lower tax rate than his secretary. A progressive income tax only meets the test of “consent of the governed” when a majority of each class of taxpayers consents to its tax rate. Otherwise, it is tax tyranny of a low‐tax‐rate majority against a vote‐poor, high‐tax‐rate minority. The apologists for the progressive income tax claim it is only “fair,” ignoring the fact there is nothing at all “fair” about taxing at a higher tax rate those who work longer and harder and/or spend more time acquiring an education and work skills. It is destructive and tyrannical for a society to tax the most productive, innovative and job‐creating people at a higher rate than others.

exactly

 

Does you chart take into account sales taxes?
Fuel taxes? Phone taxes? Property taxes?

 

Probably not but, does your assumption take into account child tax credits, earned income credit, 1st time home buyers credits, etc.? So, add an additional 7% for those small taxes and you still come up way short. Of course, if you have actual data that shows how I am wrong, I'll gladly change my mind.

 

Former CIA Director Brennan spied on Sen. Feinstein’s CIA Oversight Committee and lied about it to Congress. He was later forced to admit he lied. Brennan should have gone to jail but nothing happened to him. Why do you think that was?

 

The same reason trump is not in prison

The elites have a second set of rules

 

It's was a Democrat, Dianne Feinstein who was in charge of the Committee that oversees the CIA. It would seem the Democrats have a different set of rules for unelected officials. You have proven your own concerns about the voters who are at fault for electing representatives who don't hold unelected bureaucrats responsible. In this case Democrats voted for Feinstein. What we are seeing in the House today is Republicans who are trying to hold bureaucrats accountable for their actions and Democrats are trying to protect them.

 

OK, WHY are they taxed at “nothing”….oh yeah, because they don't make enough money in the first place.

Everyone gets taxed a percentage of their income, and almost all brackets are pretty close to the same

But the “income tax” was proposed and passed by CONSERVATIVES to pay for the civil war

 

that's a silly circular argument. they have some income so they should pay some income taxes. and half the country pays no income tax.

tell me why we shouldn't have a flat tax other than lefties won't be able to pander to class envy

 

The drug savings are a pipe dream and only apply to a fraction of the cost SENIORS on Medicare pay which is a fraction of the population. All smoke and mirrors
Hitting the top 1% is a pipe dream they already pay a disporportionate share of taxes as has been proven over and over and over and Biden's lie about them laying only 8% needs about a dozen Pinocchio noses.
Raise cap gains rate and take in less cap gains revenues. If you goal is to just take money from from the high earners to satisfy your envy of them then this is your plan. If your goal is to increase revenues this is the exact opposite.

Biden offered NOTHING but higher deficits, more incentive to not work, more expansion of government regulation and strangleholds on the economy and us hitting the debt red line that will destroy our economy for everyone.

 

The bottom 50% pays virtually nothing in income taxes and FICA and in fact the bottom 25% MAKE MONEY off the tax system and Biden wants to expand that even more with fewer and fewer people paying income taxes and their FICA contribution while paying out more and more money.

And the LIBERALS who passed the first one that was struck down and then the Amendment ever since have expanded it and then used it as political fodder to jenny up envy and jealously of the high earners and the entire "Fairness" argument which they continue to this day even thought the US income tax system is one of the most progressive in the world.

 

vote acquisition

 

You can't tell the difference between labor and investment? If you go to work on Friday and expect your weekly paycheck and the company lost money that week can the owner deny you that pay? If the company goes bankrupt do you have to help pay off the debts? Do you have your money invested and at risk in the company?

Tell me what is you goal in raising the rate on cap gains, to satisfy your own jealousy and envy or to bring more money into the treasury?

 

When your "income" is so low you qualify for government assistance, you don't pay taxes. Ask yourself why a person who works full time would need government assistance ? Oh yeah, because the companies want those government subsidies to augment THEIR business'. We need a "living wage" in this country

Flat Taxes are regressive.Why should a worked making $35k year pay the same amount un tax as a person making $20 MILION ? Flat taxes pus the lions share of the taxes on the working class, and the rich pay next to nothing, but use more resources.

 

life is regressive but flat taxes are not-the more you make the more you pay in taxes.

you are completely incorrect. someone making 35 K a year paying a 10% flat tax pays 3500 dollars. someone making 20 Million pays TWO MILLION.

the richest 1 percent pay almost 50% of the federal income taxes and when you add the death taxes its over 50% and the poor use far more resources. the poor pay 1 dollar for almost 11 dollars of benefits while the rich get less than a half a dollar in benefits for every dollar they pay

one group is paying for the other

 

it's class envy pure and simple combined with a frightening lack of understanding of economics

 

YES the bottom 50% pays virtually nothing because they don't make enough to survive. But thats by design, so that the top can make more money. Raise the minimum wage, and all wages increase. The minimum wage hasn't increased in 15 years. Have costs gone up in the last 15 years ? OF COURSE THEY NEED GOVERNMENT ASSISTANCE !!!!

But that assistance is more government assistance to the employer, than to the employee. Why should the government subsidize wages.? Pay a living wage based on location, or go out of business. Claiming that employees get government assistance is disingenuous, when the actual assistance is for the employer !!!

AGAIN, the subsidies go to the employee, but they actually subsidize the employer. Cant pay a living wage in your location, then go out of business !!!!

 

that's complete nonsense. the bottom is poor due to the following facts
If you

1) don't drop out of school
2) don't get a felony record or become addicted to drugs
3) don't get knocked up or spawn children


before you are 20, your chances of being poor is less than one out of 20

the rich being rich HAS NOTHING TO DO WITH THAT

 

We know the same as all other budget proposals, - they are symbolic

 

They don't because of the tax code and our wealth transfers that already take place. If they have less to spend at the store prices will fall.....it's called supply and demand.

Stop subsidizing them it is only an enabler for employers to pay less.

See above.

 

Leftist math, it's makes perfect sense to the average L voter..

 

Do you know why they pay 50% of the taxes ? Cause the top 1% make over 50% of all income.....

YES, the richest 1% pay 50% of the taxes because they make 50% of the income.

Raise the minimum wage to a living wage (indexed by year), and the rich wont pay as much in tax.

YES, the rich pay more because they MAKE MORE. You keep screaming about the "poor", yet refuse to accept that they stay poor because the we keep the minimum wage artificially low, which keeps all wages down. The "economy" is not an infinite pool of money, so when you concentrate the money into fewer and fewer hands, less actual money flows thru the "economy". The more money you concentrate into fewer and fewer hands, the ECONOMY shirinks becuase only so much can be spent by an individual.

 

No. The top 20% make half the money. The bottom 80% make the other half.
https://www.census.gov/content/dam/Census/library/publications/2023/demo/p60-279.pdf

 

that's complete bullshit-the top one percent make about 24% of the income. the bottom fifty percent make around 14% of the income and pay less than 5% of the income taxes

people stay poor because

1) they fail to gain skills to demand higher wages
2) they are criminals
3) they are drug addicts
4) they are saddled with children
5) they are lazy
and yes, because some are physically or intellectually disabled