Biden to Propose New Minimum Tax on Wealthiest Americans

[Rightguide]

Taxing "unrealized capital gains" doesn't even make any fucking sense.

How do you tax imaginary wealth that doesn't even exist???

Biden and the (D)emocrats are either totally fucking evil, or clueless retards.

Taxing unrealized gains only make sense to the head lunatic and his administration of lunatics. Unrealized Gains or losses on assets go up and down with inflation and market value, but the real value isn't really known, but now an army of IRS agents will decide what that value is according to an always obsolete set of moving criteria. Can you imagine having to submit a list of your personal property and investments you own but haven't sold so some bureaucrat can take a stab at what its value might be and assess a tax.

 

[Gorgoroth]

Taxing unrealized gains only make sense to the head lunatic and his administration of lunatics.

It's the most nonsensical crazy shit I've ever heard.... 100% loss of faith in the US government at this point.

Thank god I'm prepared for it.

Unrealized Gains or losses on assets go up and down with inflation and market value, but the real value isn't really known,

Not until that ticket gets punched and the money is delivered. Which would be the appropriate time to tax, and we do.

but now an army of IRS agents will decide what that value is according to an always obsolete set of moving criteria. Can you imagine having to submit a list of your personal property and investments you own but haven't sold so some bureaucrat can take a stab at what its value might be and assess a tax.

Yea, it's called Venezuela... LOL

The American left is beyond bat shit, we need to balkanize so they can go Venezuela themselves without dragging us down with them.

 

[phrodeau]

Money, pardon the expression, is like manure. It's not worth a thing unless it's spread around, encouraging young things to grow.
—— Thornton Wilder

 

[Gorgoroth]

Money, pardon the expression, is like manure. It's not worth a thing unless it's spread around, encouraging young things to grow.
—— Thornton Wilder

Feel free to garden with your own fertilizers.... it's called Charity. - Gorgoroth

 

[The_Trouvere]

It's a monopoly money joke at this point.

Better to STFU and make sure the equity fools who can't figure out how to do it themselves are left holding that bag.... it's theirs.



Trump cut taxes for everyone.

The debt/deficit is a congressional issue, which is broken because of a stark divide on core values.

When Republicans cut taxes,

World economies are more competitive today. If you raise the corporate tax to 28 % companies will go where the tax rate is more palatable. States with high state tax rates are losing companies and revenue to states that have lower or no taxes.

Trump's first year was blackmailed by Schumer and the democrats. Obama let our military readiness devolve into a substandard posture, Trump wanted to rebuild the military but could only get the funding if he agreed to an additional 80 to 120 billion dollars added to the budget by Schumer and Pelosi.

We can't tax out way out of debt, spending cuts along with consolidating redundant programs has to be in the equation. Biden's bill is 2 trillion over budget, that's lunacy!!! If you increase taxes... revenue will shrink, the economy will slow. Only an idiot with no experience in how an economy works would push for large tax increases while suffering from off the scale inflation. Biden wants too many socialist programs, too much free stuff at our expense and an unrealistic conversion to green energy. Biden is an incompetent fool.

Tax revenue has always increased more when the top tax rate has risen than when it has declined. After Clinton raised the top tax rate the yearly deficits declined until we began to pay off the Republicans deficits. Then Bush II cut taxes for the rich, while starting two expensive wars he could not win.

View attachment 2138426

 

[Gorgoroth]

When Republicans cut taxes,

They don't cut spending..... thus they are virtue signaling twats.

See how much easier and simpler that is???

 

[pecksniff]

No matter what party is in power, spending will never be cut significantly. Too many gored oxen.

 

[icanhelp1]

Taxing unrealized gains only make sense to the head lunatic and his administration of lunatics. Unrealized Gains or losses on assets go up and down with inflation and market value, but the real value isn't really known, but now an army of IRS agents will decide what that value is according to an always obsolete set of moving criteria. Can you imagine having to submit a list of your personal property and investments you own but haven't sold so some bureaucrat can take a stab at what its value might be and assess a tax.

Next progressive tax idea will be the air that you breath.

 

[Gorgoroth]

No matter what party is in power, spending will never be cut significantly. Too many gored oxen.

And this is why government needs to be kept on such a short leash.

 

[pecksniff]

And this is why government needs to be kept on such a short leash.

We've never had cause to regret the New Deal or the Great Society.

 

[The_Trouvere]

They don't cut spending..... thus they are virtue signaling twats.

See how much easier and simpler that is???

Beginning with Ronald Reagan, Republican tax policy has been dishonest. The claim has always been that tax cuts generate so much economic growth that they pay for themselves, and balance the budget. In his 1980 debate with President Carter Reagan said that he would cut taxes, raise military spending, and balance the budget by 1983 "if not sooner." He may have been stupid enough to believe that, but his economic advisers knew better. Their hope was that if the national debt got high enough they would be able to cut domestic spending programs they have never liked, but which they knew were popular with the voters, including Republican voters.

In 1992 Rush Limbaugh was asked how he would balance the budget. He answered, and I do not remember his exact words, "I would cut taxes. When people get to keep more of their money they work harder, so tax receipts rise."

Republicans should have learned by now that this is a fantasy. Nevertheless, whenever the GOP has the presidency and both houses of Congress it cuts taxes. Then Republicans blame the Democrats for the resulting deficits and the increase in the national debt.

 

[Gorgoroth]

Beginning with Ronald Reagan, Republican tax policy has been dishonest. The claim has always been that tax cuts generate so much economic growth that they pay for themselves, and balance the budget. In his 1980 debate with President Carter Reagan said that he would cut taxes, raise military spending, and balance the budget by 1983 "if not sooner." He may have been stupid enough to believe that, but his economic advisers knew better. Their hope was that if the national debt got high enough they would be able to cut domestic spending programs they have never liked, but which they knew were popular with the voters, including Republican voters.

In 1992 Rush Limbaugh was asked how he would balance the budget. He answered, and I do not remember his exact words, "I would cut taxes. When people get to keep more of their money they work harder, so tax receipts rise."

Republicans should have learned by now that this is a fantasy. Nevertheless, whenever the GOP has the presidency and both houses of Congress it cuts taxes. Then Republicans blame the Democrats for the resulting deficits and the increase in the national debt.

Oh for sure, I'm by no means a GOP fan.

I mean I've never seen a more politically inept group of do-nothing weenies in my life.

We've never had cause to regret the New Deal or the Great Society.

Sure, now what have they done for us lately??

Also two out of a countless number of total disasters....LOL not even worth it.

The feds need to fly their F-22's and stay the fuck out of our way.

 

[WillJ8787]

Beginning with Ronald Reagan, Republican tax policy has been dishonest. The claim has always been that tax cuts generate so much economic growth that they pay for themselves, and balance the budget. In his 1980 debate with President Carter Reagan said that he would cut taxes, raise military spending, and balance the budget by 1983 "if not sooner." He may have been stupid enough to believe that, but his economic advisers knew better. Their hope was that if the national debt got high enough they would be able to cut domestic spending programs they have never liked, but which they knew were popular with the voters, including Republican voters.

In 1992 Rush Limbaugh was asked how he would balance the budget. He answered, and I do not remember his exact words, "I would cut taxes. When people get to keep more of their money they work harder, so tax receipts rise."

Republicans should have learned by now that this is a fantasy. Nevertheless, whenever the GOP has the presidency and both houses of Congress it cuts taxes. Then Republicans blame the Democrats for the resulting deficits and the increase in the national debt.

Yes, and it pays to understand what Limbaugh meant and what he was doing....he was required to pay taxes in other states. He moved to Florida so as to avoid almost all of those taxes.

What did he do with the money he saved in taxes....he pocketed it...it did not go towards anyone else. He was correct, he got more money, but he really didn't work any harder for it

 

[Gorgoroth]

Yes, and it pays to understand what Limbaugh meant and what he was doing....he was required to pay taxes in other states. He moved to Florida so as to avoid almost all of those taxes.

What did he do with the money he saved in taxes....he pocketed it...it did not go towards anyone else. He was correct, he got more money, but he really didn't work any harder for it

He got to keep more of his money, I can see why you're so hateful towards him.

 

[pecksniff]

Oh for sure, I'm by no means a GOP fan.

I mean I've never seen a more politically inept group of do-nothing weenies in my life.

You sound like Bluesdriver bitching about the Dems. Face it, it's a two-party system. Art of the possible and all that.

 

[Gorgoroth]

You sound like Bluesdriver bitching about the Dems. Face it, it's a two-party system. Art of the possible and all that.

I never said it wasn't.

The GOP isn't actively trying to destroy my way of life, take my shit and enslave me..... that puts them just THAT much above the Democrats.

They are still spinless weenies though. Too scared of what people who hate them and will never vote for them might think or say about them to be worth a shit.

 

[LittleDixie]

What makes one right and the other wrong?

Laws.

Exactly. The people "in charge" gave themselves special permission to do something that they would put anyone else in jail for. If you or I taxed someone, they would think of us as bad people who did a bad thing. If they do the exact same thing, it is fine and right and good.

No matter how you slice it, the government gave itself permission to do something that it considers wrong.

 

[BluesDriver66]

You sound like Bluesdriver bitching about the Dems. Face it, it's a two-party system. Art of the possible and all that.

Democrats are feckless losers that are routinely and consistently outsmarted by racist morons like Trump. You should embarrassed to support them. They fielded the "most qualified presidential candidate in history", out spent the Republicans, and still lost to an idiot tv game show host with no political experience. There is no excuse for that. It's like a heavy weight boxer losing a fist fight to a one armed girl scout. Shockingly pathetic.

 

[The_Trouvere]

Exactly. The people "in charge" gave themselves special permission to do something that they would put anyone else in jail for. If you or I taxed someone, they would think of us as bad people who did a bad thing. If they do the exact same thing, it is fine and right and good.

No matter how you slice it, the government gave itself permission to do something that it considers wrong.

In a democracy like ours the government is the people.

You seem to think your opinions are profound. They are nothing more than recycled Ayn Rand. They are strong opinions based on nothing but emotion.

 

[icanhelp1]

Democrats are feckless losers that are routinely and consistently outsmarted by racist morons like Trump. You should embarrassed to support them. They fielded the "most qualified presidential candidate in history", out spent the Republicans, and still lost to an idiot tv game show host with no political experience. There is no excuse for that. It's like a heavy weight boxer losing a fist fight to a one armed girl scout. Shockingly pathetic.

Hillary the most qualified presidential candidate in history? LMFAO The most corrupt and ethically challenged more like it. She couldn’t even win with a corrupt Obama DOJ, NSA and FBI lobbying for her while fabricating the Steele dossier. Democrats gave it their best shot, they had a piece of shit for candidate.

 

[pecksniff]

Democrats are feckless losers that are routinely and consistently outsmarted by racist morons like Trump. You should embarrassed to support them. They fielded the "most qualified presidential candidate in history", out spent the Republicans, and still lost to an idiot tv game show host with no political experience. There is no excuse for that. It's like a heavy weight boxer losing a fist fight to a one armed girl scout. Shockingly pathetic.

So who you gonna vote for? The Socialists?

 

[pecksniff]

Hillary the most qualified presidential candidate in history? LMFAO The most corrupt and ethically challenged more like it.

Both Clintons are actually remarkably honest as politicians go.

 

[icanhelp1]

Both Clintons are actually remarkably honest as politicians go.

LMFAO.

 

[LittleDixie]

In a democracy like ours the government is the people.

Where to begin? I guess the first thing is that we do not live in a Democracy. Secondly, the government is not the people, the government is a small group of narcisists and wannabe saviors who won a popularity contest and now believe that they are wise enough to run everyone's life. The government is a parasite.

You seem to think your opinions are profound. They are nothing more than recycled Ayn Rand. They are strong opinions based on nothing but emotion.

You think my ideas are Randian?! Wow, that's a great compliment! Thank you.

 

[pecksniff]

You think my ideas are Randian?! Wow, that's a great compliment! Thank you.

Rand fancied herself a philosopher, but she wasn't.