The House Tax Plan, by the Numbers...
The Spirit of Ayn Rand and Objectivism is alive and well in the GOP...with no need for pesky. Catholic Social Justice Teachings.
Meanwhile, the National Debt grows ever larger...
Link: https://itep.org/house-tax-plan-trump-tax-cuts-by-the-numbers/
Replies to: The House Tax Plan, by the Numbers...
Take from the poor. Give to the rich. Let'em eat cake! Oops, took that too along w/their healthcare.
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Completely wrong, I've posted this before.
Many poor people actually receive more than they paid in federal tax. So to suggest that people who have a negative tax rate, after refundable credits are being stole from is simply: stupid.
Link: https://www.pewresearch.org/short-reads/2023/04/18/who-pays-and-doesnt-pay-federal-income-taxes-in-the-us/
Fun with numbers, the bottom 50% don't pay federal taxes.
So it's kind of hard to give a tax break to people who don't pay federal taxes. What we should be doing is what Elon and I have suggested, eliminate all deductions, credits, etc. Set the rate to something reasonable and it's a simple math equation, income * rate = taxes owed.
The Tax Code definitely needs improvements (see suggestions in the linked article)
btw, in your earlier TED Talk, Scott Galloway called for, among other things, Child Care Credits...you support that?...if so, who pays for it?
Link: https://www.nytimes.com/2021/06/10/opinion/elon-musk-propublica-taxes.html
Yeah I agree with Scott, here's another one specifically on taxes.
Earners pay the majority of the taxes. Owners pay almost nothing. The only way to fix it is to eliminate the game.
Link: https://youtu.be/kY0kKalX290?si=4KjFbdkMQgAeKLB3
You're sounding much like a Democrat...but certainly not like a Republican or Libertarian. SG's
recommendations come right out of the Dem Platform.
Scott is a normal, rational person, of course I agree with him.
The Democrat party is not that.
Make a decision...the GOP stands behind Trump...Libertarians will never run anything...here's
what SG thinks of Trump's economic strategy...and note that many of SG's priorities align perfectly with the Democratic Party's...
The Democrats lost in 2024 because of all of the lies and the gaslighting.
I've been advocating for a 3rd choice for decades, neither of these parties are capable of solving the problems we face.
Link: https://youtu.be/jzLmznS91kM?si=1vgRwBQsISxp_YU0
Lies?...Gaslighting?...cite them. While you're thinking about that don't forget Jan. 6th and
"Open Borders", when the Biden admin got a bipartisan Senate Bill passed at the beginning of 2024 that Lead GOP Senator, James Lankford praised repeatedly...talk about "Gaslighting". Don't shirk your response...I'm waiting.
Btw, Scott didn't mention any lies by Democrats that I heard...their failure for him was that their didn't communicate well enough to young men...easily adjusted, given the Dem policies to help students afford college, while investing in new jobs (e.g. CHIPS Act...Advance Act (new Nuclear Power opportunities, etc.).
Tyrone, you have issues with objective reality.
I would expect losing to Trump, again, would lead to a teachable moment. Sadly, I don't think you're capable.
Can’t come up with even one example of Lying or Gaslighting?…just as I suspected. Yet it took
no time at all for me to cite one of each for DJT. Join the the right side and throw out the MAGAs while we discuss how to meet the needs of the young men in America.
Remember the other day when you couldn't bring yourself to admit Clapper lied under oath?
Pointing out objective realities to you is a waste of time.
Was Clapper ever charged?
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This. Everyone needs some skin in the game. Eliminate all tax advisors.
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The amount of money spent to avoid paying taxes is absurd.
Accountants and tax attorneys provide no value to society. I think the last number I heard was 80,000 pages of federal tax code. Absurd.
Agreed. Total drain on society; no return benefit.
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It’s going to send the deficit that you pretend to care about soaring
Like I have said, none of this is about balancing the budget.
Plus, obviously, most poor people pay income taxes. They also get benefits so it’s net zero. But they also pay FICA, state, local, sales, etc.
That's why my solution is the path.
You seem to be twisting yourself into a pretzel trying to disagree with me.