Under the Democrat proposal the combined federal-state capital gains tax rate will exceed 40% in Many States

[my2¢]

My preference is doing away with the capital gains tax and just treating it as another form of income within the income tax.

 

[Marener]

Okay fine. We won’t raise capital gains.

We will just cut social security benefits by 30%.

You win.

 

[my2¢]

Democrats want to return us to the economics of the Carter years.

Does anybody recall the unemployment rates back then?

I did well during the Carter years and the first 9 months of Reagan when inflation reigned supreme. Back when anybody with a memory of those years has their mind blown whenever Trump talks about inheriting record inflation. Twice in that time after getting a performance raise that kept up with inflation, I got at least another 10% increase by switching employers. It was a great time to know COBOL programming.

Plus, before Reagan came along and changed the rules, in filing income taxes I was able to income average the last 5 years which lowered the tax bite.

 

[WEATHER53]

Robbing from Peter to pay penis

 

[j-mac]

The Constitution requires all duties, imposts, and excises be uniform throughout the US; is this what you mean?

At the time our founding documents were written only white male property owners were involved; their solutions are not necessarily applicable to our society today.

Progressive taxation began centuries before Karl Marx was born:

Progressive tax - Wikipedia

"In the early days of the Roman Republic, public taxes consisted of assessments on owned wealth and property.

"For Roman citizens, the tax rate under normal circumstances was 1% of property value, and could sometimes climb as high as 3% in situations such as war.

"These taxes were levied against land, homes and other real estate, slaves, animals, personal items and monetary wealth."

We fought a revolution over a 3% tax on tea….

 

[JusticeHammer]

How else do you propose we pay for these wars? We can cut (but won't) but these wars still have to be paid for.

You idiots use any excuse to rip off the American people.