Should the senate insist on a 40% top tax rate as Trump wants? (Poll)

[22lcidw]

You misperceive. The whole point is to give billionaires a tax break.

Like the Progressives do.

 

[leftwinger]

Even at 90% they only collect 20%*GDP. proven over 100 years at various rates.

If you try to collect to much GDP collapses or people leave. Money moves.

 

[Cellblock2429]

The House 1BBB was scored by the CBO as benefiting the top tax rate, being neutral for the middle, and hurting the low income brackets.

Trump's big tax bill has passed the House. Here's what's inside it

House Republicans have taken a major step forward on President Donald Trump’s agenda

abcnews.go.com

So if Ron Johnson and other senators wants to cut the deficit, why not just raise the top tax rate to make the Bill more fair to all tax brackets? A simple fix.

/—-/ The CBO predictions are static. There is no accounting for an increase in economic growth.

 

[leftwinger]

How about no SALT deduction at all. No deductions. Simplify now. Fix it. Last chance. Take off SS tax as promised.

I know o know we can't have it all. Not with the deep state involved we cant.

 

[Winco]

The top 1% pay nearly half of the taxes we collect. They are already paying their fair share.

We have heard this story before.

It's about ETR.
Is this true >>>>>> ?

Donald Trump paid just $750 in federal income taxes in both 2016—the year he was elected president—and 2017, his first year in office. The report also revealed that he paid no federal income taxes in 10 of the previous 15 years, largely due to reporting significant business losses that offset his income.

 

[CrusaderFrank]

The House 1BBB was scored by the CBO as benefiting the top tax rate, being neutral for the middle, and hurting the low income brackets.

Trump's big tax bill has passed the House. Here's what's inside it

House Republicans have taken a major step forward on President Donald Trump’s agenda

abcnews.go.com

So if Ron Johnson and other senators wants to cut the deficit, why not just raise the top tax rate to make the Bill more fair to all tax brackets? A simple fix.

Obama had three terms to raise rates to that level, why didn't he?

 

[Zincwarrior]

Like the Progressives do.

Yes. Neither the Dems or MAGA give a shit about the working class.

 

[Zincwarrior]

~~~~~~
In that case all those billionaire Democrats fighting Trump should he happy as hogs rolling in a mud hole.

They are.

 

[Zincwarrior]

About had enough of you BS you wet back possum faced garbage eater.

You didn't refute my points.

 

[Thinker101]

We have heard this story before.

It's about ETR.
Is this true >>>>>> ?

Donald Trump paid just $750 in federal income taxes in both 2016—the year he was elected president—and 2017, his first year in office. The report also revealed that he paid no federal income taxes in 10 of the previous 15 years, largely due to reporting significant business losses that offset his income.

Great, another idiot that doesn't know our tax laws.

 

[kyzr]

In theory, no. In a world in which neither party cares to eliminate your deficit and decrease your debt, yes.

Along with tariffs needed. Your massive debt ensures this and it won't change. Even DOGE didn't make the difference everyone hopes (at least not yet).

Ultimately, you either increase revenue or decrease debt. If not, you will print money at an insane, unprecedented rate.

The billionaires won't be paying that amount don't worry, they have a diverse array of investment vehicles and loopholes to avoid paying taxes.

You say to increase revenue or decrease spending, I agree.

A 40% top tax rate would raise about $500b in new revenue so we could start paying down the $34T Dbt.

 

[kyzr]

/—-/ The CBO predictions are static. There is no accounting for an increase in economic growth.

I remember in 2017 Trump and Mnuchin said that the tax cuts would generate 5% GDP.

They lied, it only generated 2.8% GDP growth, so we had to BORROW money to cover the loss of tax revenue.

Increased tax revenue by cutting taxes only works when you BORROW more money, which we can't do.

 

[kyzr]

Obama had three terms to raise rates to that level, why didn't he?

He did, a 39.6% top rate. Then in 2017 Trump cut them.

Taxing the rich: The record under Obama

While most of the president's budget proposals to tax the rich have been DOA with Republicans, that doesn't mean his push hasn't had an influence. The top 1% are now paying an average tax rate that's 6 percentage points higher than when Obama first took office.

money.cnn.com

 

[Concerned American]

You say to increase revenue or decrease spending, I agree.

A 40% top tax rate would raise about $500b in new revenue so we could start paying down the $34T Dbt.

It would be a good start.

 

[initforme]

Of course nobody cares about the average working class. Never have never will. Provide evidence otherwise.

 

[CrusaderFrank]

He did, a 39.6% top rate. Then in 2017 Trump cut them.

Taxing the rich: The record under Obama

While most of the president's budget proposals to tax the rich have been DOA with Republicans, that doesn't mean his push hasn't had an influence. The top 1% are now paying an average tax rate that's 6 percentage points higher than when Obama first took office.

money.cnn.com

And that was when we had budget surpluses and record employment, right?

 

[Winco]

Great, another idiot that doesn't know our tax laws.

I know that you believe that billionaires shouldn't be taxed at the same rate as the middle class.

 

[Crepitus]

The House 1BBB was scored by the CBO as benefiting the top tax rate, being neutral for the middle, and hurting the low income brackets.

Trump's big tax bill has passed the House. Here's what's inside it

House Republicans have taken a major step forward on President Donald Trump’s agenda

abcnews.go.com

So if Ron Johnson and other senators wants to cut the deficit, why not just raise the top tax rate to make the Bill more fair to all tax brackets? A simple fix.

The tax rate need to keep increasing as income increases, not stop at $600K or thereabouts.

50% over 1 million

75% over 250 million

90% over 500 million.

 

[leftwinger]

You say to increase revenue or decrease spending, I agree.

A 40% top tax rate would raise about $500b in new revenue so we could start paying down the $34T Dbt.

Unless it kills the GDP. But, try it. It still wint shut Board Stain up

 

[Cellblock2429]

You say to increase revenue or decrease spending, I agree.

A 40% top tax rate would raise about $500b in new revenue so we could start paying down the $34T Dbt.

/——/ But-but-but tax breaks for billionaires…