IRS collects milestone $1 billion in back taxes from high-wealth taxpayers

[pknopp]

What makes them under-taxed? What percentage should they pay? Why?

Why? We are $35 trillion in debt. In the big picture collecting 1 billion does little to nothing in addressing this debt.

The stock markets hit 20,000 in 2017. It hit 10,000 in 1999. 25 years ago. It's at 43,000 today. So over double in 7 years. No one actually worked for that. It is largely money simply pumped into the markets by the Federal Reserve and a small percent have gained the most by that.

Others have struggled because of the inflation that has caused. I might argue that taxing everyone more would be fair as they by and large have continued to vote for those who continue to run up the debt but I will never understand those who are struggling with the inflation arguing those who have benefitted the greatest by those actions that caused (at least in part) the inflation shouldn't be paying more to address the debt.

 

[LeftofLeft]

If it is a 'weasel phrase,' then why are you opposed to collecting back taxes.

It is maddening to have one side that refuses to cut spending, runs up spending and then complains to the side that wants to cut spending that they are not “paying their fair share”.

It is also maddening that when spending cuts and spending limits proposals are met with resistance and justification that spending is needed for “infrastructure”. Any and all spending is needed for Infrastructure?? I doubt $10M for gender studies in Pakistan is critical to US Infrastructure.

 

[pknopp]

It is maddening to have one side that refuses to cut spending, runs up spending and then complains to the side that wants to cut spending that they are not “paying their fair share”.

Neither side when in power cuts spending.

It is also maddening that when spending cuts and spending limits proposals are met with resistance and justification that spending is needed for “infrastructure”. Any and all spending is needed for Infrastructure?? I doubt $10M for gender studies in Pakistan is critical to US Infrastructure.

That's payoff for our war mongering. It was also done under Trump and supported by Lindsey Graham.

https://www.business-standard.com/a...er-programmes-in-pakistan-120122201575_1.html

 

[LeftofLeft]

Neither side when in power cuts spending.




That's payoff for our war mongering. It was also done under Trump and supported by Lindsey Graham.

https://www.business-standard.com/a...er-programmes-in-pakistan-120122201575_1.html

While Republicans spend too, Democrats always resist any spending cuts. Comparatively speaking, which side more supports Line Item Veto and Flat Tax?

You think you are solving the problem by pointing out gotcha Republicans who spend but at the end of the day, I have yet to see even a small minority of Democrats want to talk spending cuts. Democrats think the never-ending spending can be covered by “the rich”.

 

[pknopp]

While Republicans spend too, Democrats always resist any spending cuts. Comparatively speaking, which side more supports Line Item Veto and Flat Tax?

Neither. See, I do not give credit for political rhetoric. I go off what one does when in power.

You think you are solving the problem by pointing out gotcha Republicans who spend but at the end of the day, I have yet to see even a small minority of Democrats want to talk spending cuts. Democrats think the never-ending spending can be covered by “the rich”.

Here is the difference. I am not defending the Democrats spending. I have condemned every spending program they have come up with.

 

[LeftofLeft]

Neither. See, I do not give credit for political rhetoric. I go off what one does when in power.




Here is the difference. I am not defending the Democrats spending. I have condemned every spending program they have come up with.

where or how am I defending Republicans? Saying that there are more Republicans calling for fiscal responsibility and pointing out nothing from Democrats side is not defending Republicans. Call me guilty of lesser of two evils at best.

 

[TNHarley]

Wonder how much it cost to get that 1B back

 

[SassyIrishLass]

Wonder how much it cost to get that 1B back

2 billion

 

[John Edgar Slow Horses]

Guilty, guilty, guilty.

 

[pknopp]

where or how am I defending Republicans? Saying that there are more Republicans calling for fiscal responsibility and pointing out nothing from Democrats side is not defending Republicans. Call me guilty of lesser of two evils at best.

The lesser of two evils is still evil.

 

[John Edgar Slow Horses]

 

[SassyIrishLass]

View attachment 1029360

What? That's stupid