Yakuda
Verified User
That's the point, tax cuts don't get "paid for" they are cuts. The federal govt does shit it has no authority to do but we pay for it.
Why is trickle-down economics still with us?
- Thread starter BidenPresident
- Start date
That's the point, tax cuts don't get "paid for" they are cuts. The federal govt does shit it has no authority to do but we pay for it.
Not cranky at all,....just telling it the way it is. You are seen as unwanted here for the most part. Everyone is on to youre lies.
Everyone? Do you guys PM each other and talk about me? How fucking sad is that.
Dude, get a life.
Where did you live in the 1880's?
BidenPresident
Verified User
The result? From 1989 to 2019, typical working families in the United States saw negligible increases in their real (inflation-adjusted) incomes and wealth.
Over the same period, the wealthiest 1% of Americans became $29tn richer. The national debt exploded. And Wall Street’s takeover of the economy continued.
https://www.theguardian.com/commentisfree/2022/oct/09/why-is-trickle-down-economics-still-with-us
Over the same period, the wealthiest 1% of Americans became $29tn richer. The national debt exploded. And Wall Street’s takeover of the economy continued.
https://www.theguardian.com/commentisfree/2022/oct/09/why-is-trickle-down-economics-still-with-us
Your posts. It doesn't take Sherlock Holmes.
Yakuda
Verified User
Lmfao. You hate getting caught dont you? BTW in your Stevie Wonder response you said the "upper class" should pay their taxes. Fair enough. Who or what constitutes the "upper class"? Be specific
But you approve of Biden's bizillion dollar “social infrastructure” bill?
BidenPresident
Verified User
duhhhhh stevie wonder duhhhhhhhhhhhhhhhhhh
Yakuda
Verified User
Who you clearly arent.
ucking stupid libturd...
Yakuda
Verified User
You have proof Stevie wonder doesnt pay taxes? Let's see the proof.
The upper class are the only ones who pay their "fair share" of individual federal income taxes. If by "fair share" you mean pay the same percentage of taxes as their percentage of income. All other groups pay less.
96% of federal income tax paid by top 50% of income earners
4% of federal income taxes paid by bottom 50% of income earners (or -6% if you include federal tax credits).
BidenPresident
Verified User
False.
Yakuda
Verified User
How does it work inside your head? You just whatever shit comes into that cavernous space between your ears?
What flash wrote is spot on!
BidenPresident
Verified User
I have no interest in reading your stupid insults. Back to ignore.
Nope. I didn't like all the stimulus spending under Biden or Trump. That was one of the major causes of inflation.
Both parties are fiscally irresponsible. I didn't like Trump's tariffs or his $42 billion bail-out of farmers, Biden's forgiving college loans, Trump's extra $400 a week unemployment benefits, or most of that other spending.
Not according to the IRS and Treasury Department data. This has been discussed on here many times and all the data presented. It is not in dispute, but it does go against long-time stereotypes held by the American public.
BidenPresident
Verified User
Because it is false. Nice try, as usual, pretending that you're not a right wing stooge.
Yakuda
Verified User
You certainly dont want to read this
https://taxfoundation.org/publications/latest-federal-income-tax-data/
This was my favorite part from the link
"The top 1 percent of taxpayers paid a 25.6 percent average individual income tax rate, which is more than seven times higher than taxpayers in the bottom 50 percent (3.5 percent)."
"The top 50 percent of all taxpayers paid 97 percent of all individual income taxes, while the bottom 50 percent paid the remaining 3 percent."
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