Biden planning first major tax hike in almost 30 years

Which is what the chart I sourced attempts to track.
Do you have a source saying those numbers are up or is it just because we have a Democratic president?

 

Totally agree. However, a national ID card is racist. Haven't you been paying attention? Not only that, but minorities don't know how to even get a paper ID much less a smart ID.

 

CNN's the source. Don't you trust in CNN?

More than 100,000 migrants encountered at US-Mexico border in past 4 weeks, data shows

 

Here's the issue: The government only needs new taxes, relative to its spending and since the government can't help but spend that also means that the tax rates will only continue to increase. Eventually, we will have those 60+ tax rates again, but it's not going to lead to the prosperity of the American People, but at best the federal government will be kept solvent.

We are literally slaves to a government of our own creation.

 

For 4 yrs, not a republican said a word about all the spending.
That ship sailed.

R's want to spend, pay for it.

 

Right-wing socialism is all about wealth redistribution to the corporate welfare state and utilizing the federal government to accomplish that goal. So why are complaining about what you support: Using the federal government to redistribute wealth?

 

Yes, you do, Plutocratic Socialist Donnie. Makes it easier to find those suckers born every minute and take their money.

 

Economics 101: Demand creates employment, not some fat, lazy, good-for-nothing corporate welfare queen and grifter like Plutocratic Socialist Donnie.

 

Incorrect. I railed against Trump's spending as did Rand Paul, Ted Cruz, and a myriad of Congress members. You just to access sources that would share this with you.

 

Well, technically there are four requirements for job creation: capital, labor, supply, demand. You need all four to create jobs.

 

No. I don’t trust CNN

But that doesn’t show they were not apprehended or that this is historically higher.

 

It isn't meaningful, until the details will be determined. Rather than raising taxes, it might be a good idea to rewrite the ta code. There are some amazing giveways in it that few people know about. Getting rid of gifts to a few would be better than Lizzie Warren's wealth tax.

 

Well, you must think matching producing demands, delivering and marketing those items is all free of cost.. But it's easy to see what you really understand Feel better now that you got to talk nasty about Donnie while demonstrating you're very limited take on demand?

 

You can't read a graph? Economists know that tax cuts in the rate range we have today lead to deficits. It happened under Trump where the deficit doubled before covid.

I would repeal the Trump personal income tax cut for the top bracket.

 

Minorities get SS cards and my suggestion is a replacement for that card. Racist? Nope.

 

You would think so wouldn't you.

 

Yes, I would.

 

The ACLU thinks differently:
Rather than eliminating discrimination, as some have claimed, a national identity card would foster new forms of discrimination and harassment of anyone perceived as looking or sounding "foreign. "That is what happened after Congress passed the Employer Sanctions provision of the Immigration Reform and Control Act of 1985: widespread discrimination against foreign-looking American workers, especially Asians and Hispanics. A 1990 General Accounting Office study found almost 20 percent of employers engaged in such practices. A national ID card would have the same effect on a massive scale, as Latinos, Asians, Caribbeans and other minorities became subject to ceaseless status and identity checks from police, banks, merchants and others. Failure to carry a national I.D. card would likely come to be viewed as a reason for search, detention or arrest of minorities. The stigma and humiliation of constantly having to prove that they are Americans or legal immigrants would weigh heavily on such groups.
https://www.aclu.org/other/5-problems-national-id-cards

 

I think a national ID modeled on the Nexus Card would result in less hassle for immigrants because the card is quick proof they're legally here.

We should choose who and how many come here. I think it's a bad idea to load up on people of a single culture who have easy access to our border. We should take the best and brightest from around the world, and we can also let in refugees to a level we determine.

Canada and Australia have a immigration points system. My wife and I got into Canada more than fifty years ago on points and we eventually added Canadian citizenship to our U.S. citizenship.

Ever been hassled by a border guard? When I was much younger, they were still looking for draft dodgers after we became Canadian citizens. This guard told me he wasn't going to allow us to visit--he had asked us if if were Canadians and I said we were--and this was back in the old days of only having to show a driver's license. (I never lip off a border guard or cop--I just answer their questions.) His called his supervisor over after we said we weren't doing anything wrong and only wanted to go shopping for Mexican food. I told his superior I figured we had a right to enter the country because we were U.S. citizens. The guard changed his tune real quick when he boss looked at him like he was an idiot.

My wife and I have been in many countries, some very nice, but I'm convinced the U.S. and Canada are the two best. Australia and New Zealand are three and four.

I wish everyone who wants to come here could, but they can't.

 

What you don't seem to appreciate is that taxes in the U.S. are lower than in other countries.

 

Setting capital gains rates at the rate the best produces the most revenues and economic growth. What's your problem with that? Is it you believe the tax rates should be set at a rate the makes sure that investors don't make a lot of money to make it "fair" or something.

 

Once again, the OMB numbers

1990 1,032.0 4.1% <- Democrats tax increase agreed to by Bush for spending cuts the Dems never passed
1991 1,055.0 2.2%
1992 1,091.2 3.4%
1993 1,154.3 5.8% <- Clinton tax increase signed AUGUST 1993 however
"Taxpayers who owed additional 1993 taxes due to the
OBRA93 tax rate increases were given the option of
deferring payment of two-thirds of the tax that was in
excess of the tax that would have been owed at the 31
percent rate. Half of the deferral taxes were to be paid in
1995 and the remaining half in 1996 [2].
http://www.irs.gov/pub/irs-soi/93inintrts.pdf
1994 1,258.6 9.0%
1995 1,351.8 7.4% <- Even with the differed tax revenues now due revenue growth slow
1996 1,453.1 7.5%
1997 1,579.2 8.7% -> Gingrich/Kasich tax rate cuts
1998 1,721.7 9.0%
1999 1,827.5 6.1%
2000 2,025.2 10.8%
2001 1,991.1 -2%
2002 1,853.1 -7%
2003 1,782.3 -4% Bush tax rate cuts begin implimentation
2004 1,880.1 5% Bush tax rate cuts fully implimented
2005 2,153.6 15%
2006 2,406.9 12%
2007 2,568.0 7% <- Dems take back the Congress
2008 2,524.0 -2%
2009 2,105.0 -17%
2010 2,162.7 3%
2011 2,303.5 7% <- Republicans take back the house
2012 2,445.0 6%
2013 2,775.1 13%
2014 3,021.5 9% Obama Capital Gains tax increase and surcharge
2015 3,249.9 8%
OMB Historical Tables

Now refute those numbers and my notes about them. And you want to talk realizations, how much capital gains there was


Clinton's peak

Bush's peak


So note the realized capital gains, reflect economic activity 3.5% higher under the Bush 15.7% rate. Note the revenue TWICE the revenue at HALF the rate. So please explain why when we are trying to speed up an economic recovery and get people back into the workforce raise capital gains rates to 28% rates that are being propose is the smart thing to do. What is the purpose of setting rates that high?

 

BS - they voted for every spending bill that trump signed.

Cruz had his nose so far up trumps butt he voted for everything trump wanted.
Paul, maybe opposed a budget. But not likely.

...
— -- By a vote of 51-49, Senate Republicans passed a fiscal 2018 budget right along party lines, with every single Democrat voting against the budget framework, and all Republicans, save for one, voting for it.
https://abcnews.go.com/Politics/breaking-fiscal-2018-budget-passed-senate/story?id=50609167

 

And? So what? And those other countries tax ALL their citizens not just the top 20% as we do here.

 

Sorry typo

So note the realized capital gains, reflect economic activity 3.5 TIMES higher under the Bush 15.7% rate.