Keeping Up With The Deficit

[leftwinger]

America's motto: Gimme gimme gimme, and make that guy over there pay for it.

Tax expenditures are by far the biggest cause of the debt and yet both parties keep adding more and more tax expenditures. But the Republicans are by far the biggest offenders because that is a hidden expense which the rubes think keeps more money in their pockets.

Tax expenditures are rapidly approaching $2 trillion in ANNUAL expense to the budget.

Banning them would balance the budget instantaneously.

No one EVER talks about cutting back on tax expenditures. In fact, Trump is bragging about having added more.


.

Sounds ridiculous. Surely you could name what the top 3 or top ten? You sound like a nut just saying it. The top 1?

 

[g5000]

Sounds ridiculous. Surely you could name what the top 3 or top ten? You sound like a nut just saying it. The top 1?

Top what?

 

[leftwinger]

Top what?

TAX EXPENDITURES YOU TROLLING OX YOUR WHOLE POST WAS TAX EXPENDITURES MAKING ME WORK YOUR ARSEJACK SCREWBALL!!!! GET OFF ME!!!

 

[Dragonlady]

Deep State Create disaster. Setup Spending off charts to "fix it" . Steal power for puppet DEMs. Setup $1T on-going fraud into blue hell hole cities. Siphon 10% 25% 50% off the top back to DNC.

Use stolen money to Hold power for DEM. Pay media to lie. Make USA an unfixable mess (Border, cities, crime). Collapse Country. Blame Trump or GWB back to Obiden 1.0, that's all this is. Yawning. Dummies 101 eat it up.

Only Trump. Tries to stop it AND fix the Countries problems despite.

Trump hasn't done anything but run the deficit up with his unfunded tax cuts.

 

[SassyIrishLass]

Good grief, the deficit increases with every president but suddenly all Republicans? Get a freaking grip

 

[g5000]

TAX EXPENDITURES YOU TROLLING OX YOUR WHOLEVPOST WAS TAX EXPENDITURES MAKING ME WORK YOUR ARSEJACK SCREWBALL!!!! GET OFF ME!!!

Put down the meth, son. You're overheated.

Top ten tax expenditures:

1. Exclusion of Pension/IRA Contributions & Earnings: Tax-qualified retirement saving accounts (defined contribution and defined benefit plans).
2. Preferential Rates on Capital Gains/Dividends: Reduced tax rates for long-term capital gains and dividends.
3. Exclusion of Employer-Sponsored Health Insurance: Exclusion of employer contributions for medical insurance premiums and care.
4. Premium Tax Credit (PTC): Subsidies for health insurance purchased through ACA marketplaces.
5. Child Tax Credit (CTC): Tax credit for families with dependent children.
6. Qualified Business Income Deduction (QBI): 20% deduction for pass-through business income.
7. Earned Income Tax Credit (EITC): Refundable credit for low-to-moderate-income working individuals and couples.
8. Stepped-Up Basis of Capital Gains at Death: Exemption of capital gains on assets held until death.
9. Charitable Contribution Deduction: Deduction for donations to nonprofit organizations.
10. State and Local Tax (SALT) Deduction: Deduction for state and local taxes paid.

You're welcome!

By the way, the tax deduction for mortgage interest increases the price of your house by up to 27 percent.

Ask yourself who benefits when you have to borrow more money to buy a house, then you will understand why the real estate lobby spends over $100 million a year bribing our politicians.

Bankers profit, realtors profit, brokers profit. Off YOUR wallet.

And you tell yourself that deduction is allowing you to keep more of your own money.

Every dollar that is exempted or deducted or credited has to be replaced with a dollar from someone else's pocket in the form of higher tax rates, or it has to be borrowed.

We have an insane system where people earning identical incomes are paying radically different taxes. We have a system where the government interferes in the free market.

We have a system of massive wealth redistribution through tax expenditures, and it is happening without so much as a whimper by people like you.

You think you are a conservative?

You aren't. Not even close.

As I keep saying, your cult wouldn't know a conservative principle if it kicked you in the balls.

 

[g5000]

Good grief, the deficit increases with every president but suddenly all Republicans? Get a freaking grip

Good grief, I never said that.

What I said is that Trump's cult remains dead silent over his deficits.

These same people whined and whined and whined and whined and whined about Obama's.

And they still do!

 

[SassyIrishLass]

Good grief, I never said that.

What I said is that Trump's cult remains dead silent over his deficits.

These same people whined and whined and whined and whined and whined about Obama's.

And they still do!

You didn't mention you whining about Ears or Pudding Brain's.

Eh?

 

[g5000]

If we eliminated all tax expenditures, we could lower everyone's tax rates. And lobbyists would no longer have an incentive to bribe our politicians to put those carve-outs in the tax code.

Presto! Instant campaign finance reform the right way.

 

[g5000]

You didn't mention you whining about Ears or Pudding Brain's.

Eh?

Oh but I did.

Nice try.

 

[SassyIrishLass]

Oh but I did.

Nice try.

No you didn't.

You're just pissing your panties to attack Trump, Republicans and anyone else you disagree with

 

[g5000]

No you didn't.

Sorry. I did. Too bad. Nice try.

 

[SassyIrishLass]

Sorry. I did. Too bad. Nice try.

Meh, nobody buys your nonsense

 

[g5000]

No you didn't.

Here you go liar:

Thread 'U.S. Deficit Explodes Even As Economy Grows'

Sep 3, 2023

While partisan propagandists has us all at each others' throats over guns, abortions, trannies, and gas stoves, both parties are driving our country at full speed toward fiscal destruction.

Somehow, the GOP has convinced the rubes they are the party of fiscal responsibility, despite doubling our deficits and debt whenever they get full power.

The Democrats have convinced the rubes they need to spend more money on free puppies for hookers.

It's time for all of us to start holding our politicians accountable for this insanity. This is not a Right or Left thing. This is a threat to ALL...

• g5000
• Replies: 131
• Forum: Politics

• 

Now STFU. You're over your head, as usual.

.

 

[SassyIrishLass]

Here you go liar:

Thread 'U.S. Deficit Explodes Even As Economy Grows'

Sep 3, 2023

While partisan propagandists has us all at each others' throats over guns, abortions, trannies, and gas stoves, both parties are driving our country at full speed toward fiscal destruction.

Somehow, the GOP has convinced the rubes they are the party of fiscal responsibility, despite doubling our deficits and debt whenever they get full power.

The Democrats have convinced the rubes they need to spend more money on free puppies for hookers.

It's time for all of us to start holding our politicians accountable for this insanity. This is not a Right or Left thing. This is a threat to ALL...

• g5000
• Replies: 131
• Forum: Politics

• 

Now STFU. You're over your head, as usual.

.

Oooh you had one moment. Your only one given your left loon history on here.

By the way, I don't take direction from low key left loons like you. Save your "orders" for someone else

 

[cnm]

Ok, so next time the republicans try to cut the spending you democrats are going to agree and vote for it. Right? You’re going to do that right?

I thought they were going to vote for tax increases.

 

[sparky]

So now it's all revaluation magic math , along with 100 megawatt AI facilities mining for digital currency, with the Zuck selling it to us on FB......... ~S~