Trump Got The 'Rona

[WuDrWu]

I don't really mind a tax increase, however, I would like for there to be some reasoning and legit mathematical research to go along with it, included in that a definite plan to balance the budget. My biggest problem with all of it, is that spending is never addressed. I understand that social security and medicare is a huge part of that and there is very little they say can be done to lower those costs. But it would be nice if someone would at least try. There is absolutely zero stomach to even broach that subject because the first one to do it, can just kiss their ass goodbye politically.

The best cure for the deficit (assuming that spending could ever get reigned in) would be to just set the tax policy and let it be. The best cure for the deficit is a growing economy along with spending brakes. But the problem is that it constantly changes all the time and businesses can't adjust to the new rules every other year. If the rules don't change and we have stability, people will adjust accordingly and prosper, but policy needs to remain steady.

This is SO good. But the absolute BEST cure for the deficit is TERM LIMITS.

[ShockingButTrue]

I'm surprised he took this long. His final gift to everyone, him and B#tch crash the economy because he is a sore loser and B#tch is a compliant butt-kisser. The final death rattle from the worst president ever. Y'all know he wouldn't be doing this if he didn't know he was going to lose. If he thought he could win, he'd be firing up the printing presses.

Ironically, I make too much to get the free stuff, but too little to get much benefit from those budget-busting tax cuts, but I'm happy anyway (I don't need free stuff). Hope most of the rest of you benefited IF you needed the help.

I will ask the question again.....given that the major airlines are now in the process of shedding tens of thousands of jobs, what is your take on the impact of the local economy, given its dependence on commercial aviation? I'm thinking further contraction of capital budgets and more layoffs from local companies, but how much?

Yeah, but many were saying he really wanted to lose the election in '16. Remember?

Can you share with us some of the proposals from the dems most recent stimulus draft?

[WuDrWu]

****, I'll bite. Top rate in the mid to low 40's, treat all income the same (wages, rents, capital gains, etc...). I'd eliminate corporate taxes altogether to boot.

That's why BOBB is a good liberal. More like him/her please.

[Kung Wu]

I say we tax the holy hell out of poor people and promise them a ton of more services that we can't ever really come through on. There are a LOT of 'em! I'm talkin' renters tax, wrestlin' event tax, city park usage fees, soda pop tax -- you name it, let's tax it! They have smart phones, so I know they can pay it up. We'll promise them free mortgages, car loans, and a Universal Basic Income. If you earn over $10k you don't qualify, and if you earn less than $9,998 you don't qualify. If you make $9,999 you lose qualification if you rent a dwelling, own a mortgage, or reside in a motor vehicle of any kind; or if you are currently residing with someone who does any of those three things. Again, they have mobile phones, I know they can afford these extra taxes.

They won't know what hit 'em and our income will REALLY crank!

[MikeKennedyRulZ]

Ah yes, the old Socialist ideas. Make those bad rich people who have worked hard to grow their businesses and net worth pay for being rich. We'll show them.

[BOBB]

A little nugget, corporate taxes are only 7% of collections. Think of all the money and human capital spent collecting and preparing and auditing for that relatively small amount.

[ShockerPrez]

I don't really mind a tax increase, however, I would like for there to be some reasoning and legit mathematical research to go along with it, included in that a definite plan to balance the budget. My biggest problem with all of it, is that spending is never addressed. I understand that social security and medicare is a huge part of that and there is very little they say can be done to lower those costs. But it would be nice if someone would at least try. There is absolutely zero stomach to even broach that subject because the first one to do it, can just kiss their ass goodbye politically.

The best cure for the deficit (assuming that spending could ever get reigned in) would be to just set the tax policy and let it be. The best cure for the deficit is a growing economy along with spending brakes. But the problem is that it constantly changes all the time and businesses can't adjust to the new rules every other year. If the rules don't change and we have stability, people will adjust accordingly and prosper, but policy needs to remain steady.

[BOBB]

Large corporations and powerful people have many tax loopholes they use such that their personal income tax is not reflective of their income (see Donald Trump), and the fact that people can leave. The US national income tax is a bit harder to avoid if you are a citizen, but certainly state income taxes are regularly avoided.

I think this is the "fair share" to which revenge_of_shocka_khan was referring. The rate can be 100% or 10%. It doesn't matter if it can be avoided.

[wufan]

****, I'll bite. Top rate in the mid to low 40's, treat all income the same (wages, rents, capital gains, etc...). I'd eliminate corporate taxes altogether to boot.

I agree with this conceptually. Two things that always end up being potential issues (that can be and should be addressed) are loopholes and leaving. Large corporations and powerful people have many tax loopholes they use such that their personal income tax is not reflective of their income (see Donald Trump), and the fact that people can leave. The US national income tax is a bit harder to avoid if you are a citizen, but certainly state income taxes are regularly avoided.

[wufan]

It's completely legal to pay more than you are, if you want to.

Like Trump...who paid 1 million in 2017 when he only owed $750.

[wufan]

I'd rather see the money go to people who are disaffected by this pandemic.....either through mental health crises, job loss, or other hardships introduced as part of the pandemic. I'm not disaffected. My girlfriend is similarly disaffected, but is always asking where her money is (since she does qualify), which I think is wrong. I think it's bad karma to not consider people who are on the bottom rungs of society through no fault of their own.

I've been criticized on this board by a number of people for stating that I would gladly pay more in taxes to address our structural long-term deficit issues, I said that before the Trump tax cuts, and I believe it is even more important now.

It's time for the billionaire class in this country to pay their fair share, too.

It’s good to give back to those in need.

[BOBB]

You sir are a humanitarian to beat all other humanitarians. If just more Americans had your heart, your gift of giving and your incredible generous nature, the world would be a far better place. Thank you for being you.


May I humbly ask what the "fair share" is for the 800 or so billionaires in this country? I'm sure since they represent less than 0.000232% of the population they should pay what...all the FIT? Just looking for the answer, from such a generous, humble and thoughtful (and fair too!) humanitarian. Thank you for your most valuable time.

****, I'll bite. Top rate in the mid to low 40's, treat all income the same (wages, rents, capital gains, etc...). I'd eliminate corporate taxes altogether to boot.

[SB Shock]

It's time for the billionaire class in this country to pay their fair share, too.

This is code for “bend over middle class, because we are going to stick it to you.”

Bitter old man

[Shockm]

I'd rather see the money go to people who are disaffected by this pandemic.....either through mental health crises, job loss, or other hardships introduced as part of the pandemic. I'm not disaffected. My girlfriend is similarly disaffected, but is always asking where her money is (since she does qualify), which I think is wrong. I think it's bad karma to not consider people who are on the bottom rungs of society through no fault of their own.

I've been criticized on this board by a number of people for stating that I would gladly pay more in taxes to address our structural long-term deficit issues, I said that before the Trump tax cuts, and I believe it is even more important now.

It's time for the billionaire class in this country to pay their fair share, too.

Since you love the Blue (States that is), here is what's happening in California regarding Businesses and Taxes/Regulations.

https://gvwire.com/2020/09/14/california-businesses-leave-the-state-by-the-thousands/

[ShockerPrez]

Trump said horrible things about latin people (I would like to see what you think about this) "...some of them are rapists, some of them are murders.....", horrible things about people from Africa (the $h#thole comment), horrible things about white supremacists "...and some were very good people."

If he said that about illegal immigrants before the election and you still voted for him, what was your reasoning for accepting it then, and not now?

I can admit and believe that I don't have a problem with it because some are rapists and some are murderers. Just as I don't have a problem if someone said some white suburban citizens are rapists, and murders, and wife beaters and bank robbers and drug dealers, etc.

A lot of Africa is a shithole.

Your white supremacist quote is not accurate. He was not talking about the white supremacists as literally 1 or 2 sentences before he explicitly said he wasn't talking about the white supremacists and condemned them "Totally"