Trump's America
- Thread starter NYShoreGuy
- Start date
I have been on record for the last 2 cycles that dnc and rnc should be cultivating younger national candidates for the white house...i will say that biden admin did or took steps on infrastructure that was sorely needed.
Trump Caught On Hot Mic Telling Fox Host To Praise Cabinet Meeting As Press Files Out: ‘Say It Was Unbelievable!’
A live mic caught Trump telling a Fox News host to praise his first cabinet meeting as the press filed out — a moment that was cut off in the official feed.
www.mediaite.com
FWIW, that question needs more context.
Of course if the top 5% income increases faster that the rest of the population, their share of taxes paid will increase faster as well.
The total share of AGI of the top 5% today is about 39% which matches the total for the top 10% 30 years ago.
That means a much larger share of income is flowing to a smaller percentage of people.
Their share increasing while rates decreased is not a good signal that the country as a whole is doing well. Ideally they would be contributing less as a percentage but not because of tax rates, but because of a thriving middle class.
The rates themselves should closer to what they were when the US has had periods of a thriving middle class.
Deflection is not context.Let’s decide tax rates to insure the middle class is thriving come on.boy that would be so easy to do NOT.Let me provide an alternative.Historically federal tax revenue about 20% of GDP regardless of tax rates so unsure of what rates you think will bring back glory days..Dems love big government spending so let’s be generous and agree 22% of GDP is federal budget and solve to produce that amount.Agree that only mortgage interest and charity are only deductions.Establish a no tax fir low income and establish two or three flat tax % to achieve desired tazx revenue.I know Dems never want a fixed limit on spending because it eliminates their favorite earmarks so they will oppose you might also.This also takes away Dems battle cry that we want rich to pay their share .This rallying cry for class warfare being eliminated is probably a non starter from democratic establishment.
That's not a deflection. That's just how the math works.
If rates stay the same and the top 5% are paying in a higher share than they used to, it is because their earnings increased by a lot. If the middle class started thriving and their earnings outpaced the the top 5, the top 5% share would then decrease.
About where they are now, though if I were making the call, rates would increase at the top and get rid of most deductions that are not serving a purpose to help our economy.
Indeed. I am very much opposed to a fixed limit.
Spending is either worth the cost or not. If we need to spend more tomorrow for a disaster, pandemic, national defense etc... I don't care if we go over an imaginary line when we need to spend the money.
That doesn't mean I agree with all spending and we should never make cuts though. I don't and we should.
It's just not worth cutting social programs to pay for a tax cut for the wealthiest individuals in America.
If you want to cut programs to reduce the deficit, that's a more reasonable stance, but to just give the rich a tax cut when more and more of the share of income is going towards them? Pass.
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