The guy that won't show his taxes wants to "fix" ours???

Superfreak said:
and the top 1% paid about 40% of federal income taxes.

https://taxfoundation.org/summary-latest-federal-income-tax-data-2016-update/
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Yes, and I make you the same offer I make anyone who makes that point, the same deal they offer the American people:

Give me your income, and I'll pay 100% of the taxes. They pay more taxes because they take far more than that of the income - and want to lower their taxes FURTHER, increasing inequality to have even more plutocracy.
 
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Superfreak said:
and Clinton gave away the largest tax REDUCTION TO THE RICH. He cut the CAP gains tax from top rate of 28% to 20%. The higher you go up the scale, the more the income they derive from investments... not salary.
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You did not answer the question. Do you agree with Clinton or the Republicans about what his budget would do, and why?
 
Craig234 said:
They're really not the key figures at all in the issue. More than anything it's Republican policy and the way our economy has been set up.
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Ummmm, politicians don't set the Fed rates. You can thank Greenspan "the Mistro" for the housing bubble and Bernanke and Yellen for QE, the cause of today's bubble
 
Covfefe said:
Why do they matter in the first place? Taxes are a different story, but college grades mean nothing when it comes to holding public office.
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Last time I looked, tax records aren't in the list of qualifications for holding public office
 
Superfreak said:
and Clinton gave away the largest tax REDUCTION TO THE RICH. He cut the CAP gains tax from top rate of 28% to 20%. The higher you go up the scale, the more the income they derive from investments... not salary.
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That was a terrible bill, especially in hindsight with Bush's shooting the deficit up. But you blame Clinton - at least HE had the deficit gong down eventually below zero. That tax cut was bi-partisan - all the opposition except one Republican vote was Democrats.
 
Craig234 said:
You're gong from ideologue to dishonest ideologue.

In 1993, after 12 years of Republicans with Reagan/Bush, Clinton became president. He proposed a budget with different priorities, including a tax hike on the rich.

EVERY Republican leader - politician or pundit - predicted doom for the economy if it passed. Inflation would spike up, unemployment would shoot way up, growth would plummet, etc. Not one Republican voted for it.

Let's ask a simple question: do you agree with Clinton or all the Republicans about that budget's effects, and why?
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You're going from ideologue to dishonest ideologue.

Bill Clinton was smart enough to let the Reagan policies continue. That's why the economic boom continued. It would have been bigger, longer had taxes been lower.

Lower taxes are always better, to a point best described by the Laffer curve.
 
cawacko said:
Ummmm, politicians don't set the Fed rates. You can thank Greenspan "the Mistro" for the housing bubble and Bernanke and Yellen for QE, the cause of today's bubble
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They're not why the distribution of the recovery was so weighted to the top.
 
Right said:
You're going from ideologue to dishonest ideologue.

Bill Clinton was smart enough to let the Reagan policies continue. That's why the economic boom continued. It would have been bigger, longer had taxes been lower.

Lower taxes are always better, to a point best described by the Laffer curve.
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Yes, you're dishonest, and so that earns you going on ignore. If anyone else has any questions about how he's lying, post and I'll explain to you.
 
Craig234 said:
They're not why the distribution of the recovery was so weighted to the top.
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Actually it was. You move interest rates to zero you force people to chase higher yield in riskier areas. Hence today's current bubble and hence what happened in the oughts
 
cawacko said:
Actually it was. You move interest rates to zero you force people to chase higher yield in riskier areas. Hence today's current bubble and hence what happened in the oughts
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Lowering tax rates on the rich is key to the inequality and something the Fed had nothing to do with.
 
Craig234 said:
Lowering tax rates on the rich is key to the inequality and something the Fed had nothing to do with.
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That's not close to being it. Trillions of dollars have been "created" because of asset bubbles caused by the Fed. Cutting marginal tax rates does nothing of the sort.
 
Corazón said:
Do you think that the IRS and Mueller are not party to that information?

Sent from my Lenovo K8 Note using Tapatalk
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Now they are. But he wouldn't be POTUS if America knew. And he knows it, which is why he's fighting to keep the info secret.
 
cawacko said:
Actually in many places in the country we are back in a housing bubble. And my whole reference to QE and asset bubbles was to the stock market and housing. We are reliving what we just went through.
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Save for the fact that Wall St isn't guaranteeing private lenders that bogus paper would be gone before the ink is dry.
 
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