So Joe... what is the "fair share"???

[rightwinger]

Yeah spending is so low that it happens to be waaay higher than in 1980.....so what are they spending money on? Pelosi hair salons and parties?

You can be assured that Defense is still fully funded.

Meanwhile, working Americans have to bear more of the burden for healthcare, education, infrastructure

 

[rightwinger]

The income tax is the single worst way to generate revenue

Maybe…
It does place more of a burden on working Americans
What form of revenue would you prefer.

 

[Blues Man]

Maybe…
It does place more of a burden on working Americans
What form of revenue would you prefer.

A consumption tax with exclusions for food, clothing and shoes up to a limit, prescription drugs and all used goods.

 

[rightwinger]

Yeah anyone who doesn;t need social security shouldn;t have to pay for it at all.

Yeah!

And anyone who doesn’t support a war shouldn’t pay at all
Anyone who doesn’t have kids shouldn’t pay for schools
Anyone in a safe neighborhood shouldn’t pay for police

 

[rightwinger]

A consumption tax with exclusions for food, clothing and shoes up to a limit, prescription drugs and all used goods.

Do you know how devastating that would be to poor and working Americans?

 

[Blues Man]

Yeah!

And anyone who doesn’t support a war shouldn’t pay at all
Anyone who doesn’t have kids shouldn’t pay for schools
Anyone in a safe neighborhood shouldn’t pay for police

Social security doesn;t pay for those things.

And your social security payments are based on what the government took out of your pay and the match from your employer not on what they took out of my pay.

You're too thick to realizer that if you saved that 12.4% of your lifetime income in a private portfolio that you'd actually retire wealthy rather than on a 1200 a month pittance.

 

[rightwinger]

Social security doesn;t pay for those things.

And your social security payments are based on what the government took out of your pay and the match from your employer not on what they took out of my pay.

You're too thick to realizer that if you saved that 12.4% of your lifetime income in a private portfolio that you'd actually retire wealthy rather than on a 1200 a month pittance.

Anyone who pays into Social Security gets benefits

If you want a savings plan you can get a $401k

 

[Blues Man]

Do you know how devastating that would be to poor and working Americans?

How would it be? They keep 100% of their pay

No tax on food clothes medicine no tax on used cars.

Poor people spend most of their money on these necessities they take home more and their expenses go down not up

 

[Blues Man]

Anyone who pays into Social Security gets benefits

If you want a savings plan you can get a $401k

right. So if I don;t want the "benefits" of lower returns and less money to live on in retirement I shouldn;t be forced to pay in

 

[jknowgood]

More than the zero they are currently paying.

You're an idiot. They pay most of the taxes.

 

[rightwinger]

How would it be? They keep 100% of their pay

No tax on food clothes medicine no tax on used cars.

Poor people spend most of their money on these necessities they take home more and their expenses go down not up

Poor and working people spend most of their income
The wealthy don’t have to
It would shift too much burden to the lower class

How about we do this instead?
We put that same tax on real estate and stock transactions

Then the wealthy would have most of the burden

 

[iamwhatiseem]

50 percent on income above $1 million

That is crazy and you know it.
And you also know that will amount to so little that it wouldn't phase the National Debt. The Government would just spend more.
Instead, we need to stop the nonsense of nearly 60% of the population having a NEGATIVE federal tax.
The government should never - ever pay back MORE than what any taxpayer paid in unless there was a life change or mistake.
That would amount to a LOT more.

 

[healthmyths]

You can be assured that Defense is still fully funded.

Meanwhile, working Americans have to bear more of the burden for healthcare, education, infrastructure

OK you communist loving dummy!!!

YOU and Biden "says it’s time for richest Americans to pay ‘their fair share’ of taxes"
What do you and dumb Joe consider "fair"?
FACTS:What group paid in 2017 70% of the taxes paid was done by 10% of all taxpayers.
FACTS: The people you say are "bearing the burden" and according to you those are the "poor working"... agree bottom 50%?
FACTS:Bottom 50% paid an average of $0.69 you don't believe?
Divide 71,647,580 into $49,772,000 equals $0.69 per payer.
FACTS: The top 10% paid an $78,000 each.

But see faux rightee.... you don't deal in ANY FACTS... why are you so afraid of the FACTS? OH yea they prove you 100% wrong all the time!

Summary of the Latest Federal Income Tax Data, 2020 Update

The top 1 percent of taxpayers pay a 26.8 percent average individual income tax rate, which is more than six times higher than taxpayers in the bottom 50 percent (4.0 percent).

taxfoundation.org

 

[buckeye45_73]

9

You can be assured that Defense is still fully funded.

Meanwhile, working Americans have to bear more of the burden for healthcare, education, infrastructure

How did I know....that is 700 billion out of 4 trillion.......so where is the rest of it?

 

[Blues Man]

Poor and working people spend most of their income
The wealthy don’t have to
It would shift too much burden to the lower class

How about we do this instead?
We put that same tax on real estate and stock transactions

Then the wealthy would have most of the burden

How do you figure that?

Keep 100% of your income, pay no taxes on necessities

They end up with more money at the end of the month not less.

The rich buy more stuff and more expensive stuff that will all be taxed.

And why do you want to charge taxes on 401 K or IRA contributions since poor people will actually have more money at the end of the month they can save a lot more for their retirement and you want to tax that too?

 

[22lcidw]

You can be assured that Defense is still fully funded.

Meanwhile, working Americans have to bear more of the burden for healthcare, education, infrastructure

There must be a reason for that. Trump represented an increase and a top. Progs should reduce it by hundreds of billions of dollars. Oh why?...Oh why? They are the war mongers now. Trump stripped the RINO Neo Cons of that for now. Reduce the Defense budget by 25% for your beliefs. The costs of everything is massive now. We are a dying nation. Our only hope defensively is to build the most modern weapons unmanned that can exterminate others. Small aircraft carriers would be a start. And not naming them after leaders and low level racial preference people would be a great good. Doris Smith for a Ford carrier. This is bad. Ass kissing to the max. And let the nation die.

 

[Otis Mayfield]

Biden to big corporations and the ultra-wealthy: ‘Pay your fair share’

Biden to big corporations and the ultra-wealthy: ‘Pay your fair share’

Yahoo Finance’s Jessica Smith reports on key takeaways from Biden’s remarks on his plan to raise taxes and the U.S. economic outlook.

news.yahoo.com

View attachment 540477
From the above table as found in the following link:
Top 10% of Income taxpayers paid 70.1%

Summary of the Latest Federal Income Tax Data, 2020 Update

The top 1 percent of taxpayers pay a 26.8 percent average individual income tax rate, which is more than six times higher than taxpayers in the bottom 50 percent (4.0 percent).

taxfoundation.org

While...61% of Americans paid no federal income taxes in 2020, Tax Policy Center says

61% of Americans paid no federal income taxes in 2020, Tax Policy Center says

The Tax Policy Center said 107 million households, or 61% of taxpayers, owed no income taxes in 2020. That's up from 76 million, or 44% of taxpayers, in 2019.

www.cnbc.com

So Biden... what is a "FAIR SHARE"???
The top 10% paid $1.122 Trillion of the total $1.601 Trillion paid... 70.1% or a taxable rate of 21.5%
Biden supporters what would be a FAIR share...???

".61% of Americans paid no federal income taxes in 2020, Tax Policy Center says"


But they pay payroll taxes. Payroll taxes are taken out of your check before you get your money.

Do you really think the government is going to let 61% of American's not pay taxes?


lol

 

[Blues Man]

Poor and working people spend most of their income
The wealthy don’t have to
It would shift too much burden to the lower class

How about we do this instead?
We put that same tax on real estate and stock transactions

Then the wealthy would have most of the burden

And the consumption tax actually results in more tax revenue than the income tax because it will be harder to dodge

 

[buckeye45_73]

And the consumption tax actually results in more tax revenue than the income tax because it will be harder to dodge

".61% of Americans paid no federal income taxes in 2020, Tax Policy Center says"


But they pay payroll taxes. Payroll taxes are taken out of your check before you get your money.

Do you really think the government is going to let 61% of American's not pay taxes?


lol

True, but dems really have a fit if you say you want to reduce the payroll tax, it's their bread and butter

 

[rightwinger]

That is crazy and you know it.
And you also know that will amount to so little that it wouldn't phase the National Debt. The Government would just spend more.
Instead, we need to stop the nonsense of nearly 60% of the population having a NEGATIVE federal tax.
The government should never - ever pay back MORE than what any taxpayer paid in unless there was a life change or mistake.
That would amount to a LOT more.

What is so crazy about an increase from 39 percent to 50 percent?
We have taxed well above that rate in the past and our country prospered