The wealthy and corporations will pay their "fair share", if Biden is elected

So claims the Biden campaign, at least in the commercials airing in my area.

One questions:
- In terms of effective tax rate, and specifically -- what is someone's "fair share"?

Please demonstrate your answer to be sound.

Thank you

 

The National Debt has increased $7 trillion dollars in four years under Trump and $8.9 trillion in 8 years under Obama. NOBODY is paying their fair share.

 

Anyone with an income of $500,000 or more should pay a Bare minimum of 10% of their income to Federal INCOME TAX regardless of deductions. And Federal INCOME TAX does not include Social Security or Medicare deductions.

 

The National debt has gone from just under $20 Trillion when Obama left office to currently speeding towards $28 Trillion under Dirty Donald so he has already raised it $8 PLUS Trillion and it may reach $9 Trillion before year end.

 

Thank you for again demonstrating your inability to meaningfully address an issue put to you.

If no one, including those who do not have enough income to pay federal income taxes, are not paying their fair share - how much should their taxes be raised? Effective tax rate will do.
Please demonstrate your response to be sound.
.

 

Or we could just cut the damn spending to match tax revenue. But I guess that's too much to ask of a legislature that firmly believes it's job is to effing micro manage state and local governments and at least to some extent the lives of all 330+ million citizens in an increasingly vain attempt to co trol all outcomes to suit themselves.

 

This means a smaller federal government, with less power.
Thus, you'll never get the Democrats to agree with it.

 

Do send all you can, not what you owe, but everything you can. Start as an example. Folks might follow you. Really.....

 

Well, let's think about that. What would happen if congress would decide to cut spending equivalent to the $1 trillion deficit. In a $20 trillion economy, that would be 5% of the GDP. There we go, instant 5% recession. That's why no politician in their right mind would touch this. That includes GOP politicians. They just talk a good game, but they only want to balance the budget when a Dem is in office, for the exact reasons I just stated. It's actually anti-American.

 

Translation: Under Biden, expect everything you buy to get more expensive.

 

It's -better- to have the government artificially prop up the economy?

 

It's SOCIALISM when taxpayers prop up the economy!!!

 

If the politicians took 100% of everything we made they would still put us in debt. But the politicians have been able to point the finger at others as they amass personal fortunes while being unable to run the country within the budget they passed.

 

How about a fair share being everyone who resides in the USA pay the same amount. Why should rich people pay more than poor people? Why should we punish achievement? Why should some people pay nothing?

 

and the DEMS want to spend even MORE MONEY!

Anyway....it's certainly true that if Quid Pro Joe wins, he'll raise all are taxes

 

I know Dems seem

Wrong. Utterly simplistic. You might have a point if that borrowed money didn't mean less money available for private sector debt and expansion and if most if what the federal government does didn't involve putting the brakes on the economy in one way or a couple of dozen others.

 

LoL Democrats think the money funding their candidate will allow them to tax them at a higher rate.

Talk about deluded.

They'll get so many exemptions to paying the "advertised" tax rate, that they'll be paying less than they are now.

All one really needs to do is ask why companies would back someone who says they're going to make them pay more in taxes.

Of course, that implies using your brain to figure that out.

 

We will tax our way into prosperity.

Oh wait, no. No matter how much you raise taxes they'll spend more than they bring in.

We don't have an income problem.

We have a spending problem.

 

Because they have more.

 

Why did Willie Sutton rob banks?

 

Just as sound as the GOP giveaway to the rich and screw job for everyone else the last thirty years. There is of course no way to prove any such thing, it isn't rocket science. the worst inequality and upward mobility ever anywhere is no joke wake up and smell the coffee. Thanks GOP and it's ridiculous propaganda machine.

 

We have an investment in America and Americans problem because we don't tax the rich enough . We have a flat tax system if you count all taxes and not your ridiculous propaganda. History tells everyone except ignoramuses that our flat tax system is a giveaway to the rich....

 

This guy thinks we have a flat tax.

 

Yes I know you are obsessed and totally misinformed like all republicans. You believe that the only tax that matters is federal income taxes our only progressive tax that is nowhere near as big as it used to be period payroll taxes are bigger than income taxes now period Google the only tax graph you need to know- and stop being misinformed.

 

I see.

And in what states are those taxes you're talking about the highest?