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(Newsweek)   Billionaires' profits could cover 70% of Biden's American Jobs Plan -- and that's just their profits from the pandemic alone. So maybe it's time to stop letting billionaires dictate tax law, hm?   (newsweek.com) divider line
    More: Interesting, Warren Buffett, Wealth, Democratic Party, Joe Biden, President, Berkshire Hathaway, American billionaires, Barack Obama  
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444 clicks; posted to Politics » on 15 Apr 2021 at 8:42 PM (4 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



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2021-04-15 6:46:32 PM  
Corporate profits before the 2017 tax cuts had been on a 30 year tear. Trump cut them from 34% to 21. Biden wants to raise them to 27%. Half. Why?

And yes. They should be heavily taxed with no loopholes.

Instead of taxing them, we borrow from them and pay them back with interest. It isn't remotely fair.
 
2021-04-15 8:44:27 PM  
Billionaire is good eatin'.

little tabasco, some pickle, you got a de-troit thanksgiving.
 
2021-04-15 8:49:12 PM  

Nadie_AZ: Corporate profits before the 2017 tax cuts had been on a 30 year tear. Trump cut them from 34% to 21. Biden wants to raise them to 27%. Half. Why?

And yes. They should be heavily taxed with no loopholes.

Instead of taxing them, we borrow from them and pay them back with interest. It isn't remotely fair.


I almost agree with that. I may totally agree with that if you don't count 'deductions for actually being constructive' as a loophole.

Shiat like hiring more than the bare minimum, paying above minimum wage, giving better benefits than are required, exceeding federal safety and environmental regulation requirements, etc; that kind of thing should be encouraged, and allowing corporations to deduct them is a good way to encourage that behavior.
 
2021-04-15 8:56:20 PM  
Take their shiat. Give them a statue in DC for their glorious deed or something.

If they dont want to, stick the IRS on their shiat and retroactivaly tax em. Those 35% corporate taxes and they pay zero cent in actual taxes? Yeah.
 
2021-04-15 8:56:59 PM  
Fark user imageView Full Size

I'm just waiting for these guys to show up and tell us about the poor oppressed jerb creators
 
2021-04-15 8:57:12 PM  

Nadie_AZ: Corporate profits before the 2017 tax cuts had been on a 30 year tear. Trump cut them from 34% to 21. Biden wants to raise them to 27%. Half. Why?

And yes. They should be heavily taxed with no loopholes.

Instead of taxing them, we borrow from them and pay them back with interest. It isn't remotely fair.


Biden keeps getting heat on here over the rate, but what does that matter when Amazon, Exxon, GE et. al. are effectively paying zero percent? I'll worry less about the rate while pushing for actual collection.
 
2021-04-15 8:57:56 PM  

LordJiro: Nadie_AZ: Corporate profits before the 2017 tax cuts had been on a 30 year tear. Trump cut them from 34% to 21. Biden wants to raise them to 27%. Half. Why?

And yes. They should be heavily taxed with no loopholes.

Instead of taxing them, we borrow from them and pay them back with interest. It isn't remotely fair.

I almost agree with that. I may totally agree with that if you don't count 'deductions for actually being constructive' as a loophole.

Shiat like hiring more than the bare minimum, paying above minimum wage, giving better benefits than are required, exceeding federal safety and environmental regulation requirements, etc; that kind of thing should be encouraged, and allowing corporations to deduct them is a good way to encourage that behavior.


How about just requiring businesses to do all that without a deduction?
 
2021-04-15 8:57:59 PM  

Nadie_AZ: Corporate profits before the 2017 tax cuts had been on a 30 year tear. Trump cut them from 34% to 21. Biden wants to raise them to 27%. Half. Why?

And yes. They should be heavily taxed with no loopholes.

Instead of taxing them, we borrow from them and pay them back with interest. It isn't remotely fair.


"Fair" is a lament of spoiled children, and has no bearing on how the world actually works.

When Biden was elected, this was the obvious outcome. He has made a 50 year career out of being a corporate shill.  He is not changing now.  It is in his nature.
 
2021-04-15 8:59:01 PM  
70%? Well, seems it's time to tax profits at 100% for billionaires and multi-nat corps.
 
2021-04-15 8:59:36 PM  

Flying Vermin: Nadie_AZ: Corporate profits before the 2017 tax cuts had been on a 30 year tear. Trump cut them from 34% to 21. Biden wants to raise them to 27%. Half. Why?

And yes. They should be heavily taxed with no loopholes.

Instead of taxing them, we borrow from them and pay them back with interest. It isn't remotely fair.

"Fair" is a lament of spoiled children, and has no bearing on how the world actually works.

When Biden was elected, this was the obvious outcome. He has made a 50 year career out of being a corporate shill.  He is not changing now.  It is in his nature.


Right on time, bro, thnx
 
2021-04-15 9:01:07 PM  
Biden is a fool.  The trickle down is coming very, very soon.
 
2021-04-15 9:01:35 PM  

gottagopee: Flying Vermin: Nadie_AZ: Corporate profits before the 2017 tax cuts had been on a 30 year tear. Trump cut them from 34% to 21. Biden wants to raise them to 27%. Half. Why?

And yes. They should be heavily taxed with no loopholes.

Instead of taxing them, we borrow from them and pay them back with interest. It isn't remotely fair.

"Fair" is a lament of spoiled children, and has no bearing on how the world actually works.

When Biden was elected, this was the obvious outcome. He has made a 50 year career out of being a corporate shill.  He is not changing now.  It is in his nature.

Right on time, bro, thnx


I drank at "corporate shill". Low effort right there.
 
2021-04-15 9:01:36 PM  
Thats not fair to people like Jeff Bezos, who built his company all on his own with hundreds of thousands of dollars gifted by his parents.
 
2021-04-15 9:02:12 PM  
That wealthy people are allowed to exist while people go unhoused and unfed is morally inexcusable.
 
2021-04-15 9:03:39 PM  

Karma Chameleon: Thats not fair to people like Jeff Bezos, who built his company all on his own with hundreds of thousands of dollars gifted by his parents.


But his garage, or something. Totes self made!
 
2021-04-15 9:07:17 PM  
It's gotten to the point where the billionaires are begging to be taxed. Tax them already!
 
2021-04-15 9:09:33 PM  
Dear Plutocrats,
There are 330 million people in America
Pitchforks cost $40 each on Amazon.com
$13.2 Billion equips every American with a pitchfork

Your move
Sincerely,
Everyone Else
 
2021-04-15 9:13:30 PM  

taintbaggins: Dear Plutocrats,
There are 330 million people in America
Pitchforks cost $40 each on Amazon.com
$13.2 Billion equips every American with a pitchfork

Your move
Sincerely,
Everyone Else


So you'd buy your pitchfork from Amazon, making Jeff Bezos even richer?
 
2021-04-15 9:20:11 PM  

lolmao500: Take their shiat. Give them a statue in DC for their glorious deed or something.

If they dont want to, stick the IRS on their shiat and retroactivaly tax em. Those 35% corporate taxes and they pay zero cent in actual taxes? Yeah.


reactiongifs.usView Full Size
 
2021-04-15 9:21:05 PM  
I mean, if anyone wants to morally justify people getting to be wealthy and hoard resources that people need to stay alive, by all means, do so. Explain to me why rich people should get to be rich while people starve to death. Explain that moral system to me.
 
2021-04-15 9:24:35 PM  

dustman81: taintbaggins: Dear Plutocrats,
There are 330 million people in America
Pitchforks cost $40 each on Amazon.com
$13.2 Billion equips every American with a pitchfork

Your move
Sincerely,
Everyone Else

So you'd buy your pitchfork from Amazon, making Jeff Bezos even richer?


Bezos AND China
You think we're going to make our own pitchforks?
 
2021-04-15 9:25:51 PM  
 
2021-04-15 9:31:07 PM  

SplittingAces: Nadie_AZ: Corporate profits before the 2017 tax cuts had been on a 30 year tear. Trump cut them from 34% to 21. Biden wants to raise them to 27%. Half. Why?

And yes. They should be heavily taxed with no loopholes.

Instead of taxing them, we borrow from them and pay them back with interest. It isn't remotely fair.

Biden keeps getting heat on here over the rate, but what does that matter when Amazon, Exxon, GE et. al. are effectively paying zero percent? I'll worry less about the rate while pushing for actual collection.


A lot of conservatives want to take the US back to The Good Ol' Days. Ok, fine.
In 1957 the tax rate for income over $200K was 91%
https://www.tax-brackets.org/federalta​xtable/1957
 
2021-04-15 9:33:46 PM  

austerity101: I mean, if anyone wants to morally justify people getting to be wealthy and hoard resources that people need to stay alive, by all means, do so. Explain to me why rich people should get to be rich while people starve to death. Explain that moral system to me.


Anyone that doesn't say what you want to hear will get thrown on your ignore list, so why even bother? You're a sea lion that loves the red ball but can't stand herring.
 
2021-04-15 9:39:41 PM  
Subby doesn't understand the difference in profit and net worth increases. This calculation starts from the bottom of the stock market dive when things first went to shiat. The market is up like 50% over that time period. The assets they own having a higher valuation now, but it's unrealized capital gains not a pile of fresh cash they're swimming in somewhere for the government to come haul out from under them.
 
2021-04-15 9:42:02 PM  

LordJiro: Nadie_AZ: Corporate profits before the 2017 tax cuts had been on a 30 year tear. Trump cut them from 34% to 21. Biden wants to raise them to 27%. Half. Why?

And yes. They should be heavily taxed with no loopholes.

Instead of taxing them, we borrow from them and pay them back with interest. It isn't remotely fair.

I almost agree with that. I may totally agree with that if you don't count 'deductions for actually being constructive' as a loophole.

Shiat like hiring more than the bare minimum, paying above minimum wage, giving better benefits than are required, exceeding federal safety and environmental regulation requirements, etc; that kind of thing should be encouraged, and allowing corporations to deduct them is a good way to encourage that behavior.


That works if there are enough taxes for them to deduct against. If corp taxes are reduced, there's little incentive to do beneficial things if the deductions won't amount to much.
 
2021-04-15 9:44:07 PM  

Notabunny: SplittingAces: Nadie_AZ: Corporate profits before the 2017 tax cuts had been on a 30 year tear. Trump cut them from 34% to 21. Biden wants to raise them to 27%. Half. Why?

And yes. They should be heavily taxed with no loopholes.

Instead of taxing them, we borrow from them and pay them back with interest. It isn't remotely fair.

Biden keeps getting heat on here over the rate, but what does that matter when Amazon, Exxon, GE et. al. are effectively paying zero percent? I'll worry less about the rate while pushing for actual collection.

A lot of conservatives want to take the US back to The Good Ol' Days. Ok, fine.
In 1957 the tax rate for income over $200K was 91%
https://www.tax-brackets.org/federalta​xtable/1957


That's great, as long as it's actually collected.
 
2021-04-15 9:54:34 PM  

dustman81: taintbaggins: Dear Plutocrats,
There are 330 million people in America
Pitchforks cost $40 each on Amazon.com
$13.2 Billion equips every American with a pitchfork

Your move
Sincerely,
Everyone Else

So you'd buy your pitchfork from Amazon, making Jeff Bezos even richer?


Only temporarily. What do you think the pitchforks are for?
 
2021-04-15 9:55:14 PM  
Fark user imageView Full Size


Stocks returned to pre pandemic levels. Such skyrocketing
 
2021-04-15 9:58:52 PM  

austerity101: I mean, if anyone wants to morally justify people getting to be wealthy and hoard resources that people need to stay alive, by all means, do so. Explain to me why rich people should get to be rich while people starve to death. Explain that moral system to me.


I'm okay with people being, like, $10 million rich. I don't think I could spend even that much in a lifetime. That's more than enough to live a luxurious life and never work again.

But not $100+ billion rich. Or $10 billion. Or even $1 billion.
 
2021-04-15 10:00:49 PM  
How about we give them another month of gains by moving the start date

Fark user imageView Full Size
 
2021-04-15 10:10:11 PM  
On a more serious note- who designed that graphic behind him?  Why is the BS and PL in "Jobs Plan" smaller than the O and A?

Wouldn't it be cleaner to just have them all the same small caps size with the bigger P and N?

And now that I look at it closer, the S seems ever so slightly bigger than the rest of them.. it should line up nicely with the flat tops of the B and P but it doesn't.

And serif?  What's wrong with good ol comic sans?

/snark
//Does kinda bug me though
 
2021-04-15 10:11:07 PM  
The tax laws are a really, really bad joke that have farked over the average and below average citizen for a very long time.

I would love to see just one billionaire, or several, actually, come right out and say "I have enough, my company grows every second of every day, so I am going to pay my people a minimum wage of 80k/yr and I recommend that you folks modify the minimum wage or I will own every single worker available, just by pay . "

I think Mark Cuban said somethings rather similar a bit ago ( sorry if I am wrong- i often am as far as first names go. )
I am not a fan of billionaires, but I have not heard a lot of bad about Cuban except for the fact he owns a rival basketball team to my choice of sportsball ball teams to follow.
It is not going to be big corps, it is going to have to come from individuals saying that things must change or we all lose. And they have that cast at the sad little turtles' cage


i forgot where I was going- a mirror ent cast just opened up a while ago.
 
2021-04-15 10:12:27 PM  

Skeleton Man: austerity101: I mean, if anyone wants to morally justify people getting to be wealthy and hoard resources that people need to stay alive, by all means, do so. Explain to me why rich people should get to be rich while people starve to death. Explain that moral system to me.

I'm okay with people being, like, $10 million rich. I don't think I could spend even that much in a lifetime. That's more than enough to live a luxurious life and never work again.

But not $100+ billion rich. Or $10 billion. Or even $1 billion.


OK, why are okay with people having $10,000,000 when there are people with $0 who are starving to death? Are not those people with $10,000,000 morally obligated to use some of it to keep people alive?
 
2021-04-15 10:12:55 PM  
We shouldn't stop there.

Lets call it a mulligan for allowing individuals to acquire all the freedom.
 
2021-04-15 10:16:49 PM  

Skeleton Man: austerity101: I mean, if anyone wants to morally justify people getting to be wealthy and hoard resources that people need to stay alive, by all means, do so. Explain to me why rich people should get to be rich while people starve to death. Explain that moral system to me.

I'm okay with people being, like, $10 million rich. I don't think I could spend even that much in a lifetime. That's more than enough to live a luxurious life and never work again.

But not $100+ billion rich. Or $10 billion. Or even $1 billion.


They have more than their entire families could spend in 10 generations. They wouldn't even miss it if their accountants didn't tell them. Four years of them chipping in to rebuild America, they will still be rich and jobs will have been created. America will be shiny as a new dime.
 
2021-04-15 10:18:25 PM  
28% < 35%

That's Obama's 35%, and Biden's 28%.
 
2021-04-15 10:32:25 PM  

TomDooley: LordJiro: Nadie_AZ: Corporate profits before the 2017 tax cuts had been on a 30 year tear. Trump cut them from 34% to 21. Biden wants to raise them to 27%. Half. Why?

And yes. They should be heavily taxed with no loopholes.

Instead of taxing them, we borrow from them and pay them back with interest. It isn't remotely fair.

I almost agree with that. I may totally agree with that if you don't count 'deductions for actually being constructive' as a loophole.

Shiat like hiring more than the bare minimum, paying above minimum wage, giving better benefits than are required, exceeding federal safety and environmental regulation requirements, etc; that kind of thing should be encouraged, and allowing corporations to deduct them is a good way to encourage that behavior.

How about just requiring businesses to do all that without a deduction?


Cap the deduction at a rate related to revenue and employees linked to a wage rate of three* times the poverty level. Would give an incentive to hire more and pay better.


* Number from my arse. Make it 4 or 5 times. I think the poverty level for a single person in the us $15k. That's less than $300 a week.
 
2021-04-15 10:38:38 PM  
They're profiting from us printing money at an unprecedented rate. It's targeted wrong (even if it was targeted right, it would eventually end up in their hands but at least each dollar would go through the wallets of average people), it's flowing into the stock market because we're farking with interest rates so much, and that's pumping up their wealth.

money printing + supply side shocks + stock market TINA = richer billionaires. Can we stop pretending to be shocked by this very obvious outcome? Please?
 
2021-04-15 10:41:25 PM  

freetomato: Skeleton Man: austerity101: I mean, if anyone wants to morally justify people getting to be wealthy and hoard resources that people need to stay alive, by all means, do so. Explain to me why rich people should get to be rich while people starve to death. Explain that moral system to me.

I'm okay with people being, like, $10 million rich. I don't think I could spend even that much in a lifetime. That's more than enough to live a luxurious life and never work again.

But not $100+ billion rich. Or $10 billion. Or even $1 billion.

They have more than their entire families could spend in 10 generations. They wouldn't even miss it if their accountants didn't tell them. Four years of them chipping in to rebuild America, they will still be rich and jobs will have been created. America will be shiny as a new dime.


America's "billionaires" are mostly billionaires on paper. They have the most Beanie Babies. Thinking you can squeeze them for enough money to run any kind of meaningful comeback for America is naive at best. Especially when the price of Beanie Babies is being artificially inflated.
 
2021-04-15 10:44:38 PM  

Saiga410: How about we give them another month of gains by moving the start date

[Fark user image image 346x750]


Once the economy rebounds, you might be able to get a better job where the head fry cook doesn't write you up because your phone isn't on vibrate.
 
2021-04-15 10:54:48 PM  

Notabunny: SplittingAces: Nadie_AZ: Corporate profits before the 2017 tax cuts had been on a 30 year tear. Trump cut them from 34% to 21. Biden wants to raise them to 27%. Half. Why?

And yes. They should be heavily taxed with no loopholes.

Instead of taxing them, we borrow from them and pay them back with interest. It isn't remotely fair.

Biden keeps getting heat on here over the rate, but what does that matter when Amazon, Exxon, GE et. al. are effectively paying zero percent? I'll worry less about the rate while pushing for actual collection.

A lot of conservatives want to take the US back to The Good Ol' Days. Ok, fine.
In 1957 the tax rate for income over $200K was 91%
https://www.tax-brackets.org/federalta​xtable/1957


Not that part of the Good Ol' Days. The part where immigrants and coloreds, especially uppity ones, gays, and women, and others knew their place, which was the end of the line, begging for scraps.  Sad thing is, I'd wager a good percentage of redcaps will actually prosper when ground breaks. I know three guys I went to high school with who do a range of general contracting. All are trumpers. At least one lives paycheck to paycheck and is an alcoholic (sad, really. He was super cute in high school. We were platonic friends but I had a secret crush on him. He's a mess now but he's really good at his job of driving heavy equipment, etc. The other two live modestly but comfortably out west. They do similar work and none would turn down a gig rebuilding decrepit infrastructure. As long as we are talking about anything but politics, we get along great. I have many, many more friends/acquaintances/former colleagues etc who also fall into that category. I've cut more than one loose over the last 5 years. I'm actually splitting (amiably, thank God) from my husband imminently. Our odd couple thing, me the CA lib, and he the KY conservative, was cute (though again, we agreed on many things). We almost never argued. During 45's tenure, we got into it. Badly. I love the guy. We were friends in the air National Guard for 10 years before we dated. We were married for 16 years. He think I need to find Jesus and I'm crazy. I disagree. We will stay friends. We have a lot of history and love.

/TMI bzzzz
 
2021-04-15 10:55:20 PM  

Karma Chameleon: Thats not fair to people like Jeff Bezos, who built his company all on his own with hundreds of thousands of dollars gifted by his parents.


I just don't get the guy. He is so set up for life now, why is he still being so greedy? He wants to become the ultimate James Bond villain
 
2021-04-15 10:55:30 PM  

Likwit: freetomato: Skeleton Man: austerity101: I mean, if anyone wants to morally justify people getting to be wealthy and hoard resources that people need to stay alive, by all means, do so. Explain to me why rich people should get to be rich while people starve to death. Explain that moral system to me.

I'm okay with people being, like, $10 million rich. I don't think I could spend even that much in a lifetime. That's more than enough to live a luxurious life and never work again.

But not $100+ billion rich. Or $10 billion. Or even $1 billion.

They have more than their entire families could spend in 10 generations. They wouldn't even miss it if their accountants didn't tell them. Four years of them chipping in to rebuild America, they will still be rich and jobs will have been created. America will be shiny as a new dime.

America's "billionaires" are mostly billionaires on paper. They have the most Beanie Babies. Thinking you can squeeze them for enough money to run any kind of meaningful comeback for America is naive at best. Especially when the price of Beanie Babies is being artificially inflated.


Fine. Tax capital gains as ordinary income. Add a higher tax bracket with higher marginal rates. Make the AMT kick in at a the 400k level Biden had proposed and make that amt rate higher like 30%.

Eliminate carried loses deductions for individuals over 1m/year. Eliminate a whole slew of personal deductions.

And that's the personal tax stuff.

Corporate side, enforce minimum global income taxes. Bring back corporate AMT  Stop tax breaks for off shoring jobs Remove accelerated depreciation deductions.
 
2021-04-15 11:17:13 PM  
So we take those profits and next time we need them we'll find they aren't there.

Only 70% ought to tell us something.

The problem isn't the top 1%. It's the top 20%.
 
2021-04-15 11:20:56 PM  

austerity101: Skeleton Man: austerity101: I mean, if anyone wants to morally justify people getting to be wealthy and hoard resources that people need to stay alive, by all means, do so. Explain to me why rich people should get to be rich while people starve to death. Explain that moral system to me.

I'm okay with people being, like, $10 million rich. I don't think I could spend even that much in a lifetime. That's more than enough to live a luxurious life and never work again.

But not $100+ billion rich. Or $10 billion. Or even $1 billion.

OK, why are okay with people having $10,000,000 when there are people with $0 who are starving to death? Are not those people with $10,000,000 morally obligated to use some of it to keep people alive?


Jesus said so, but nobody pays attention to him anymore.
 
2021-04-15 11:22:27 PM  

soopey: Likwit: freetomato: Skeleton Man: austerity101: I mean, if anyone wants to morally justify people getting to be wealthy and hoard resources that people need to stay alive, by all means, do so. Explain to me why rich people should get to be rich while people starve to death. Explain that moral system to me.

I'm okay with people being, like, $10 million rich. I don't think I could spend even that much in a lifetime. That's more than enough to live a luxurious life and never work again.

But not $100+ billion rich. Or $10 billion. Or even $1 billion.

They have more than their entire families could spend in 10 generations. They wouldn't even miss it if their accountants didn't tell them. Four years of them chipping in to rebuild America, they will still be rich and jobs will have been created. America will be shiny as a new dime.

America's "billionaires" are mostly billionaires on paper. They have the most Beanie Babies. Thinking you can squeeze them for enough money to run any kind of meaningful comeback for America is naive at best. Especially when the price of Beanie Babies is being artificially inflated.

Fine. Tax capital gains as ordinary income. Add a higher tax bracket with higher marginal rates. Make the AMT kick in at a the 400k level Biden had proposed and make that amt rate higher like 30%.

Eliminate carried loses deductions for individuals over 1m/year. Eliminate a whole slew of personal deductions.

And that's the personal tax stuff.

Corporate side, enforce minimum global income taxes. Bring back corporate AMT  Stop tax breaks for off shoring jobs Remove accelerated depreciation deductions.


Sounds good to me 👍
 
2021-04-15 11:39:04 PM  

Likwit: freetomato: Skeleton Man: austerity101: I mean, if anyone wants to morally justify people getting to be wealthy and hoard resources that people need to stay alive, by all means, do so. Explain to me why rich people should get to be rich while people starve to death. Explain that moral system to me.

I'm okay with people being, like, $10 million rich. I don't think I could spend even that much in a lifetime. That's more than enough to live a luxurious life and never work again.

But not $100+ billion rich. Or $10 billion. Or even $1 billion.

They have more than their entire families could spend in 10 generations. They wouldn't even miss it if their accountants didn't tell them. Four years of them chipping in to rebuild America, they will still be rich and jobs will have been created. America will be shiny as a new dime.

America's "billionaires" are mostly billionaires on paper. They have the most Beanie Babies. Thinking you can squeeze them for enough money to run any kind of meaningful comeback for America is naive at best. Especially when the price of Beanie Babies is being artificially inflated.


Man, I knew I would regret failing to invest in Beanie Babies when I had the chance.
 
2021-04-15 11:50:16 PM  

Skeleton Man: Only temporarily. What do you think the pitchforks are for?


Angry mob cosplay.
 
2021-04-15 11:51:51 PM  

freetomato: Notabunny: SplittingAces: Nadie_AZ: Corporate profits before the 2017 tax cuts had been on a 30 year tear. Trump cut them from 34% to 21. Biden wants to raise them to 27%. Half. Why?

And yes. They should be heavily taxed with no loopholes.

Instead of taxing them, we borrow from them and pay them back with interest. It isn't remotely fair.

Biden keeps getting heat on here over the rate, but what does that matter when Amazon, Exxon, GE et. al. are effectively paying zero percent? I'll worry less about the rate while pushing for actual collection.

A lot of conservatives want to take the US back to The Good Ol' Days. Ok, fine.
In 1957 the tax rate for income over $200K was 91%
https://www.tax-brackets.org/federalta​xtable/1957

Not that part of the Good Ol' Days. The part where immigrants and coloreds, especially uppity ones, gays, and women, and others knew their place, which was the end of the line, begging for scraps.  Sad thing is, I'd wager a good percentage of redcaps will actually prosper when ground breaks. I know three guys I went to high school with who do a range of general contracting. All are trumpers. At least one lives paycheck to paycheck and is an alcoholic (sad, really. He was super cute in high school. We were platonic friends but I had a secret crush on him. He's a mess now but he's really good at his job of driving heavy equipment, etc. The other two live modestly but comfortably out west. They do similar work and none would turn down a gig rebuilding decrepit infrastructure. As long as we are talking about anything but politics, we get along great. I have many, many more friends/acquaintances/former colleagues etc who also fall into that category. I've cut more than one loose over the last 5 years. I'm actually splitting (amiably, thank God) from my husband imminently. Our odd couple thing, me the CA lib, and he the KY conservative, was cute (though again, we agreed on many things). We almost never argued. During 45's tenure, we got into it. Ba ...


I'm hip. A couple of my wingnut coworkers are some of my best friends. I'm an idiot and they're insane, and we get into it once in a while, but we're always on each other's speed dial when one of us need help or it's time to wheel out the BBQs.
 
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