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

[LeftofLeft]

Now you are getting it Skippy

Capital investments are moving money from one place to another
GAINS have never been taxed
Lose money and you deduct it from profits

Why should investments be taxed at a lower rate than sweat labor?

What do you mean gains have never been taxed? I’ve got tax returns that say otherwise.

 

[healthmyths]

Much of it went off seas to protect it

Didnt go to pay workers

How do you know? What is your expertise?

 

[healthmyths]

Much of it went off seas to protect it

Didnt go to pay workers

Actually corporations have brought back more than $1 trillion of overseas profits to the U.S. since Congress overhauled the international tax system and prodded companies to repatriate offshore funds, a Thursday report showed.

U.S. companies have repatriated $1 trillion since tax overhaul

That's still short of the $4 trillion in overseas profits that President Trump would return as a result of the 2017 tax law.

www.latimes.com

And this was after paying taxes on it.
So did these corporations hide their money under their mattresses or bury in the backyard as you naively believe?

Investment banks and think tanks have estimated that U.S. corporations held $1.5 trillion to $2.5 trillion in offshore cash at the time the law was enacted. Before the overhaul, companies had an incentive to keep profits overseas because they owed a 35% tax when bringing it back and could defer payment by keeping funds offshore. The law set a one-time 15.5% tax rate on cash and 8% on non-cash or illiquid assets.

Under prior law, multinational corporations headquartered in the United States faced a 35 percent tax on any earnings from their foreign subsidiaries that they sought to bring back to the United States. As this tax discouraged these businesses from returning overseas cash to the United States, the TCJA repealed it and replaced it with a much lower one-time tax on overseas assets, whether it was repatriated or not.

This smarter approach has yielded results. In 2018, corporations repatriated $665 billion in assets — a substantial increase over the $155 billion brought back in 2017 before the TCJA was enacted. That represents an infusion of investment cash that will benefit American businesses and workers.

Trump Tax Cut Proves Successful For Business Repatriation – InsideSources

An important element of the Tax Cuts and Jobs Act (TCJA) was an effort to repatriate, or bring back, cash that was held in overseas accounts. By lowering

insidesources.com

AGAIN FACTS FACTS FACTS!!! NOT guesses. Not subjective opinions BUT FACTS!!!

 

[j-mac]

OK
So in this plan, who will end up paying more and who will pay less?

I bet you still end up shifting more tax burden from the rich to the low middle class

Not if you bust the caps on income….

 

[bripat9643]

Gotta love Conservatives

The rich have billions
The poor struggle to survive


They complain that the poor don’t pay enough

The top 1% receive 20% of the income, yet they pay 40% of all income taxes. The bottom 50% recieve 15% of the income, yet they pay only 3% of all income taxes.

Who's not paying their fair share?

 

[bripat9643]

Now you are getting it Skippy

Capital investments are moving money from one place to another
GAINS have never been taxed
Lose money and you deduct it from profits

Why should investments be taxed at a lower rate than sweat labor?

So if my TSLA stock goes from $600 to $1200, are you saying I don't have to pay taxes on the increase in the price?

 

[bripat9643]

Your rights are in the Constitution

Making the wealthy pay more is responsible and fair
The rest of the world gets it

It's theft, pure and simple.

 

[bripat9643]

Do they demand a trial by jury?

free speech?

the right vote?

if so then they need help pay for the government they secures those rights

The lower income brackets receive money from, the government. The get money from the EIT and many of them collect welfare.

 

[bripat9643]

Those taxes used to pay for things like infrastructure, healthcare, education, public services

Since the wealthy stopped paying…..that bill went to the working class

What did they do with the money?

They kept it

That's unadulterated horseshit.

 

[bripat9643]

They are trying to support their families. Why are you trying to take money from them ?

Meanwhile, the wealthy pay less to society than they have in decades. The burden of the lost revenue has been assumed by working families who have to pay more for education, healthcare, retirement

You're the one taking money from people.

 

[rightwinger]

It's theft, pure and simple.

 

[rightwinger]

The top 1% receive 20% of the income, yet they pay 40% of all income taxes. The bottom 50% recieve 15% of the income, yet they pay only 3% of all income taxes.

Who's not paying their fair share?

 

[initforme]

If the top 10 percent have 90 percent of all the wealth then they will be paying more. I think the tax rates are fair right now. The wealthy have it alot easier than the rest and have zero problems the rest of Americans go through.

 

[bripat9643]

That must be your way of admitting that you know you're wrong.

 

[bripat9643]

That must be your way of admitting that you know you're wrong.

 

[rightwinger]

That must be your way of admitting that you know you're wrong.

 

[healthmyths]

The lower income brackets receive money from, the government. The get money from the EIT and many of them collect welfare.

PLUS ...
Free Government Cell Phones: Plans, Devices, How to Apply
Thanks to the government’s Lifeline Assistanceprogram, you can qualify for free cell phones and inexpensive cell phone plans. For those of you who struggle making your cell phone payment every month, this government program was made for you

Free Government Phones: Plans, devices, how to apply

In this guide we'll explain the government's Lifeline Assistance program, which gives low income Americans access to free cell phones and $9.25/month cell phone plans. A number of carriers participate in the program, like Lifeline, including QLink and Safelink Wireless.

www.whistleout.com

we estimate that the number of free government cell phones is currently below 12,000,000.

Fewer than half of qualifying households have free gov phones

Fewer than half the American households that qualify for the Lifeline Assistance program currently participate in the SNAP food stamp program.

www.freegovernmentcellphones.net

There are over 59 million Americans that receive welfare during an average month. SNAP is the biggest welfare program in the US. Children, the disabled and elderly constitute the majority of public benefit recipients. More women than men are dependent on food stamps. Straight Talk on Welfare Statistics (20+ Stats & Facts) | Fortunly

 

[BluesLegend]

All you losers, work a 2nd job and stop your mooching and begging. We already pay the lions share of the taxes so shut it!

 

[Blues Man]

The Golden Rule
He who has the Gold, makes the Rules

We have thousands of pages of tax code, only a few pages offer tax incentives to working Americans

The wealthy have created a system where only income is taxed and Capital Gains are taxed at a much lower rate than ordinary income

Before Reagan, the wealthy used to pay much more in taxes
Time to fix that

They really didn't pay that much more

The income tax is designed to hit the middle class the hardest and it has always been that way which is why we need to do away with it completely

 

[Mac-7]

The lower income brackets receive money from, the government. The get money from the EIT and many of them collect welfare.

I call it the unEarned Income Tax Credit but I think its been renamed to confuse the public