An idea for bipartisan tax reform

[canceled.2021.1]

What do the other marginal rates have to do with the top one?

Unless you can prove with documented fact that the top marginal rate was responsible for the prosperity you claim existed then it is dishonest to not speak of the others.

Got it? Good

 

[LV426]

TAre you another dumb fuck leftists that literally has to have everything spelled out for you?

I'm not a mind reader...so when you are inarticulate and incoherent, I am forced to infer things from what you write.

Be better so I don't have to do that.

I never used the term effective rate. Now admit you lie

Fine! You never used the term "effective rate". I was just inferring that from your inarticulate and incoherent post. My bad.

 

[LV426]

The simple fact, unfortunately is Obama has us so far in debt we may never get out of it.

I'm going to tell you a dirty secret about federal government debt: IT NEVER HAS TO BE PAID OFF.

 

[Getin the ring]

1955 tax code

 

[LV426]

So now the question is do you want to prosper as a country, increase revenue through more people working and earning higher wages, with common sense spending cuts as we go.

I'm all for that. Let's start by cutting our bloated and ineffective military.

 

[LV426]

take the liberal path of raising our taxes in hopes that the government will spend the extra money we give them more wisely this time?

Well, we cut taxes last year, wages didn't grow, the deficit expanded, economic growth was below 3%, and the market has stagnated.

So why are you doubling down on your bullshit?

 

[LV426]

omg, you still babbling about marginal tax rates and the tax code of 1955.

you don't have any idea how stupid you sound, do you

You're so stupid, you were conned by Donald Trump.

 

[LV426]

I call it disingenuous because it is disingenuous

Only because it undermines your shitty argument.

never used the word unfair. That is your delusion

No, you just bitched instead and cried "disingenuous" without even know what that word actually means.

 

[LV426]

The entire tax code? All the same rates?
Same deductions?
I say bring it the fuck on. Shit I would love for the poor to start paying their fair share for a change.
I would take the entire 1955 tax code. But it has to be top to bottom. No cherry picking rates.
Now you aren’t being disingenuous
Was it that hard?

I am 100% on board with repealing the current tax code and replacing it with the identical one from 1955. Just adjust the income brackets to 2019 dollars, and I'd be good.

Just FYI - the top marginal tax rate then was 90%.

 

[canceled.2021.1]

I'm all for that. Let's start by cutting our bloated and ineffective military.

Where do you want to cut the military? Can you outline specific cuts?

Spell it out

 

[Ross Dolan]

The simple fact, unfortunately is Obama has us so far in debt we may never get out of it.

So now the question is do you want to prosper as a country, increase revenue through more people working and earning higher wages, with common sense spending cuts as we go.
OR

take the liberal path of raising our taxes in hopes that the government will spend the extra money we give them more wisely this time?
that's asinine and naive

it's a pretty simple choice, unless you're a nut bag that believes in bigger government

C'mon, Getin, we've been through this before.

Debt increased 186% during the Reagan years. BY FAR the greatest increase of any modern president.

The second largest increase was under George W. Bush...101%.

Barack Obama's increase was only 74%.

Wanna try again...using a different avenue?

This one lead to self-annihilation for your side.

 

[canceled.2021.1]

Fine! I'm all for it. Since that was the period of American prosperity, let's reset those conditions.

I'm perfectly happy with a 90% top marginal tax rate.

But only if you accept the bottom 22% lower rate for the po. That is the deal.

Oh and the same deductions from back then.

 

[LV426]

Unless you can prove with documented fact that the top marginal rate was responsible for the prosperity you claim existed then it is dishonest to not speak of the others.

I never claimed it did!

This is you being disingenuous, trying to foist a straw man argument on me.

I would say that higher marginal rates combined with an increase in government spending on things like infrastructure, which we expanded during Ike, was responsible for the prosperity we had.

 

[LV426]

Where do you want to cut the military? Can you outline specific cuts?

Sure!

Let's start by cutting the F-35 program since the plane can't even fly in the rain.

Then we close every single military base outside the United States.

Then we shutter those plants in places like Ohio that produce tanks no one wants or asked for.

That's just off the top of my head.

 

[LV426]

But only if you accept the bottom 22% lower rate for the po. That is the deal.

Sure!

That'd be fine for them because they no longer will have to spend their hard-earned dollars on things like health care and education, freeing them up to spend more in the consumer economy or save.

Also, higher marginal tax rates means corporations are forced to invest in their workers by raising wages. And the increase in government spending on things like infrastructure will create a demand for labor, which will drive wages higher.

Oh and the same deductions from back then.

Can you articulate one single deduction from the 1950's that isn't present today?

 

[LV426]

But only if you accept the bottom 22% lower rate for the po.

So now you're being disingenuous. And lazy.

The lowest marginal rate in 1955 was 20%.

Don't know from where you're getting that 22%...perhaps from your ass?

And higher marginal rates means more government revenue and spending on things like education, health care, and infrastructure. Which lowers out of pocket costs to folks for things like tuition, health care, and transportation. Then, what they used to spend on those things, they will instead spend on consumer goods or build their savings for retirement.

Yeah, a 1955 tax code is just what we need today.

You think the tax code from 1955 is punitive for the poor? Is that why you're trying to frame it that way? It's not. The "poor" saw greater income gains in the 1950's than today.

 

[canceled.2021.1]

So now you're being disingenuous. And lazy.

The lowest marginal rate in 1955 was 20%.

Don't know from where you're getting that 22%...perhaps from your ass?

And higher marginal rates means more government revenue and spending on things like education, health care, and infrastructure. Which lowers out of pocket costs to folks for things like tuition, health care, and transportation. Then, what they used to spend on those things, they will instead spend on consumer goods or build their savings for retirement.

Yeah, a 1955 tax code is just what we need today.

You think the tax code from 1955 is punitive for the poor? Is that why you're trying to frame it that way? It's not. The "poor" saw greater income gains in the 1950's than today.

Well get Nancy on it

 

[LV426]

Well get Nancy on it

Glad to see you're supportive of higher marginal tax rates to fund public investment and government spending.

(Bet this debate didn't go the way you had thought)

 

[Truth Detector]

I'm going to tell you a dirty secret about federal government debt: IT NEVER HAS TO BE PAID OFF.

I have a secret for you; you can only say that if you want the country to turn into a third world shit hole with a worthless currency.

I do wish the world was a simple as idiots like you think it can be and that we could just wantonly print money and buy our way out of recessions and debt. But unfortunately, the REAL world doesn't work like that and the last thing we want to become is Zimbabwe or Venezuela.

Dumb fuck.

 

[canceled.2021.1]

Glad to see you're supportive of higher marginal tax rates to fund public investment and government spending.

(Bet this debate didn't go the way you had thought)

I didn’t say I support it

I am just happy I got you to stop being disingenuous.

I oppose income taxes on a moral basis. I prefer excise taxes and tariffs to fund the gobblement.

But then I would eliminate entire departments so we wouldn’t need that much money.