‘Insatiable appetite for reckless spending’: President Biden’s $7.3 trillion budget blueprint would

Awesome. It's long overdue.

 

Paying taxes on making over a mil a year. Poppycock!

 

/s/the chicoms.

 

20 to 40% is crazy. RE Market would be bonkers for a bit and then no one would sell anything.

 

Same old wish list.

1. Raise base rates.
2. Raise CG rates.
3. Death tax
4. Eliminate the carried interest.
5. Move to (insert tax haven here).

Meanwhile, someone please remind me why we need a $7T budget in the first place?

 

To subsidize shithole maga states.

 

This would impact you directly?

 

We need like 20 tax brackets. Also, no more cutting off FICA taxes over a certain income.

 

OP has a superior alternative; just lower taxes again and let all the tax cuts pay for themselves, as they have so many times in the past. Which has resulted in a balanced budget for the US, and no deficit whatsoever.

Amirite, OP?


Or maybe perhaps if people like OP didn't constantly vote for deficit-funded tax cutters, they would now have any credibility when griping about raising taxes. Welfare queen Trumppublicans are just mad that...maaaybe......somebody ELSE won't be paying for their consumption.

 

I’m ok with that as long as there is no max monthly benefit and what people receive is proportional to what they paid in.

 

Many wealthy don't sell because they don't want to pay 20% long term gain. This will create some serous waves in the real estate market especially.

A rep putting her dog down on a farm gets 25 pages, this thread gets 9 replies.

dirty laundry...

 

For a little context, 25 pages over more than two weeks, 9 replies in over a few hours.

 

Now that left a mark.

 

I think those rates are a bit too high, but I’d support a top cap gain tax of 25%, plus 5% Medicare = 30%. The problem with excessive capital gains rates is it gums up the system, people don’t sell to avoid cap gains taxes - or trying to hold on to them until you die (and borrow against it) and get a step up in basis upon death.

 

The wealthiest tend to live a lot longer than the poorest, so SS isn’t as skewed against the high income as much as you may think.

I don’t particularly think paying more social security to the most affluent is the best use of constrained resources. But if it would help get reform through perhaps have another “bend point” on the high end.

 

All part of the plan... bankrupting our nation is one small part of their plan for the ultimate reset.

 

So what happens at reset? They take your money and make you a gay sex slave?

 

For some historical perspective, Crazy tax and spend liberal Ronald Reagan set the highest rate at 50% in 1981 and then 38.5% in 1986 ... sounds reasonable to me.

Reagan also tripled the debt ...

 

Yes.

Wait. A transgender gay sex slave.