The Last 4 Years.

[sdskinsfan2001]

Originally Posted by Darrell Green Fan

It's no secret that the ultra rich pay very little in taxes, as I have posted in the other thread Trump literally bragged about it. Well some of feel that is very very wrong.

Originally Posted by Darrell Green Fan

You make a fair point however as I said in my edited post (you are too quick for me) it's no secret that the ultra wealthy have ways to pay very little in taxes. Trump literally bragged about it and said it was smart and if you don't like it get the laws changed, which I totally agree with. However something is terribly wrong when a man like Donald Trump paid far less in taxes than you did. So I'm voting for the person who will fight to change that.

Outside of the tax rate themselves, the tax code is definitely one big, convoluted cluster-fuck that benefits the wealthy. They have the money to bribe the politicians to write favorable tax codes and they have the money to pay high-profile accountants/tax preparers to avoid as many taxes as possible once its time to pay. I agree w/ you, that this definitely isn't right.

But politicians write all of these tax codes, including Kamala Harris. Democrats are just as responsible as writing all the bullshit tax-codes as republicans are. I don't buy for a second, that the tax code will change any more with her as President, than it did under anyone else. Every democratic presidential candidate says they're going to make these drastic changes. Biden didn't do it, Obama didn't do it, and Harris won't do it either. To be fair to them, I don't even know if it's possible for a president to really do anything anyways, because most of congress also benefits from the current system (both sides). It's just a great talking point you can throw out there every election.

If she wins and actually manages to accomplish that, then I'll tip my hat to her. But it's all political-speak to me until proven otherwise.

Give me a flat tax, with no write-offs or anything. No one pays any taxes on the 1st 50K they make or 100k for joint filers, then everything above that is taxed at 25% (give or take a couple % points). That's it, that's the tax code. Of course it will never pass because then both sides can't use taxes as a political weapon, all the rich fuckers can't bribe anyone, and politicians don't get their kickbacks.

The main reason I'm conservative is I don't trust our federal government. I want as limited as a government as possible, including things like drastically simplyfying the tax code.

[sdskinsfan2001]

Tax rates assuming I was in the same tax group now since I started working in 1999 and going through 2024:

2018 - 2024: 24.00%
2003 - 2017: 28.00%
2002: 30%
2001: 30.5%
1999 - 2000: 31%

https://taxfoundation.org/data/all/f...ates-brackets/

Yeah, sign me up for the Trump tax plan over any other president since I've been working. If Kamala wins, I hope my fair share/middle class taxes do not increase past 24.00%.

[nonniey]

Originally Posted by Darrell Green Fan

You make a fair point however as I said in my edited post (you are too quick for me) it's no secret that the ultra wealthy have ways to pay very little in taxes. Trump literally bragged about it and said it was smart and if you don't like it get the laws changed, which I totally agree with. However something is terribly wrong when a man like Donald Trump paid far less in taxes than you did. So I'm voting for the person who will fight to change that.

Which is why the Dems rate increases hurt the middle and lower classes more than they hurt the rich. The problem with the Dems taxing plans (and has always been that problem) are the deductions, exemptions, the shelters etc. that benefit the rich. Why do you think many maybe even most of the rich support the Dems more than the GOP? Dem plans always seem to include tax incentives for targeted areas most of which benefit the wealthy. Example Obamas tax plans incentive to buy electric cars which at the time only the very wealthy could afford to take advantage of.

[Fishingfool]

Originally Posted by Giantone

Seems you're the one with the wrong information............

https://www.hhs.gov/about/news/2022/...s%20of%20color.

Since its enactment on March 23, 2010, the Affordable Care Act has led to an historic advancement of health equity in the United States. This landmark law improved the health of all Americans, including women and families, kids, older adults, people with disabilities, LGBTQI+ and communities of color. Thanks to the ACA, millions more Americans have gained health coverage without limits, and protections are in place for people with preexisting conditions. People have access to essential health benefits, including preventive and rehabilitative care, prescription drugs, wellness visits and contraceptives, mental health and substance use treatment, among many others. The Biden-Harris Administration is committed to building on the success of the ACA and making health care a right for all Americans................

Hit the link for more............

Yes those poor people that now have health insurance can afford that $10,000 deductible they are still flocking to Hospitals for care. Having access and affording the deductible are two different things. There are still 25 million without coverage.

https://www.cdc.gov/nchs/fastats/health-insurance.htm

[BaltimoreSkins]

Originally Posted by sdskinsfan2001

Outside of the tax rate themselves, the tax code is definitely one big, convoluted cluster-fuck that benefits the wealthy. They have the money to bribe the politicians to write favorable tax codes and they have the money to pay high-profile accountants/tax preparers to avoid as many taxes as possible once its time to pay. I agree w/ you, that this definitely isn't right.

But politicians write all of these tax codes, including Kamala Harris. Democrats are just as responsible as writing all the bullshit tax-codes as republicans are. I don't buy for a second, that the tax code will change any more with her as President, than it did under anyone else. Every democratic presidential candidate says they're going to make these drastic changes. Biden didn't do it, Obama didn't do it, and Harris won't do it either. To be fair to them, I don't even know if it's possible for a president to really do anything anyways, because most of congress also benefits from the current system (both sides). It's just a great talking point you can throw out there every election.

If she wins and actually manages to accomplish that, then I'll tip my hat to her. But it's all political-speak to me until proven otherwise.

Give me a flat tax, with no write-offs or anything. No one pays any taxes on the 1st 50K they make or 100k for joint filers, then everything above that is taxed at 25% (give or take a couple % points). That's it, that's the tax code. Of course it will never pass because then both sides can't use taxes as a political weapon, all the rich fuckers can't bribe anyone, and politicians don't get their kickbacks.

The main reason I'm conservative is I don't trust our federal government. I want as limited as a government as possible, including things like drastically simplyfying the tax code.

I agree that democrats are equally to blame. Both of them serve their corporate overlords and their big donors. When I hear things such as huge increases in campaign contributions I know it just means bought favors.

I however am not sold on the flat tax just because 25% (going with the example) to someone making 51K is a much bigger impact than some one making 200k. I don't have the answers. While I have been told I am aesthetically pleasing to look at I am not nearly handsome enough to be a politician.

[sdskinsfan2001]

Originally Posted by BaltimoreSkins

I agree that democrats are equally to blame. Both of them serve their corporate overlords and their big donors. When I hear things such as huge increases in campaign contributions I know it just means bought favors.

I however am not sold on the flat tax just because 25% (going with the example) to someone making 51K is a much bigger impact than some one making 200k. I don't have the answers. While I have been told I am aesthetically pleasing to look at I am not nearly handsome enough to be a politician.

A person making 51K under that proposal would only pay $250.00 in federal income tax (nothing on 50k, 25% on 1k).

A person making 200K would pay $37,500 (25% on 150k).

[Giantone]

Originally Posted by Fishingfool

Yes those poor people that now have health insurance can afford that $10,000 deductible they are still flocking to Hospitals for care. Having access and affording the deductible are two different things. There are still 25 million without coverage.

https://www.cdc.gov/nchs/fastats/health-insurance.htm

So you're saying that all 25 million have a 10,000 deductible?LOL


From your own link

. In 2023, 21.8 million adults ages 18–64 (10.9%) were uninsured. This was lower
than 2022, when 24.3 million adults ages 18–64 (12.2%) were uninsured.

Actually proves more people are signing up as the ACA gets improvments.

[Fishingfool]

Originally Posted by Darrell Green Fan

It was widely reported that Trump paid no taxes in 10 out of 15 years as he claimed losses. He paid $750 in the year he was elected and again $750 the first year in office. See the link below. Not only didn't Trump deny this he actually bragged about it by stating "that made me smart" as well as (paraphrasing) "if you have a problem with it get the laws changed", which I agree with by the way. He was simply playing by the rules. But he most definitely paid less in taxes than you did in so many years. Is it really news to you that the ultra wealthy have ways to get out of paying their fair share of taxes?

Well many of us will work to change the laws by casting our votes in November.

https://www.nytimes.com/interactive/...imes&smtyp=cur

The wealthy not paying their fair in taxes is a myth.

Most of the government’s federal income tax revenue comes from the nation’s top income earners. In 2021, the top 5% of earners — people with incomes $252,840 and above — collectively paid over $1.4 trillion in income taxes, or about 66% of the national total. If you include the top 10% — everyone who made at least $169,800 — that figure rises to $1.7 trillion, or 76% of the total.

[Giantone]

https://www.youtube.com/watch?v=zB1FXvYvcaI

[Darrell Green Fan]

Originally Posted by Fishingfool

The wealthy not paying their fair in taxes is a myth.

Most of the government’s federal income tax revenue comes from the nation’s top income earners. In 2021, the top 5% of earners — people with incomes $252,840 and above — collectively paid over $1.4 trillion in income taxes, or about 66% of the national total. If you include the top 10% — everyone who made at least $169,800 — that figure rises to $1.7 trillion, or 76% of the total.

Tell that to Warren Buffet's secretary. I'm not talking about the people making a few hunded grand a year, I'm talking about the ultra wealthy. Trump did pay very little in taxes, and bragged about it. I'm not making this up, that is wrong.

[Darrell Green Fan]

Originally Posted by Fishingfool

The wealthy not paying their fair in taxes is a myth.

Most of the government’s federal income tax revenue comes from the nation’s top income earners. In 2021, the top 5% of earners — people with incomes $252,840 and above — collectively paid over $1.4 trillion in income taxes, or about 66% of the national total. If you include the top 10% — everyone who made at least $169,800 — that figure rises to $1.7 trillion, or 76% of the total.

When a posters posts figures without a supporting link it's just a poster posting figures. While I'm sure the figures may be accurate you need to supply a link for context. But again I was not talking about the people earninng a few hundred grand, I'm speaking of people like Donald Trump or Elon Musk.

As for @nonnie's comment directed at me which claimed many if not most high earners were Democrats again I am talking about the untra wealthy. The truth is the 50 wealthiest families breakdown is 56% Republican and only 14% Democrat with the balance split between 2 spouces. Here is the list of the top 10 richest families and their party affiliation:

1. Walton – Republican

2. Koch – Republican

3. Mars – Republican

4. Cargill-MacMillan – Republican

5. Johnson (Fidelity) – Republican

6. Hearst – Republican

7. Cox – Democrat

8. Pritzker – Both

9. Johnson (S.C. Johnson) – Republican

10. Duncan – Republican