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In case you haven't heard this country is 28 trillion in debt. Do you think (like the rest of the "fiscally conservative" GOP) that the credit card is unlimited?
Biden and the Democrats have NO clue who already pays what in federal income tax... Just posted this in another thread...
Want to see what's really going on regarding who pays taxes? Read this CRS chart (Figure 2 for those who don't know what they're supposed to be looking at):
Take a look at each income group's effective federal income tax rate (the light blue bars). Some groups have effective federal income tax rates as low as -15% and -14%. Yes, that's negative. Meanwhile, those whose income is $1 million or more are paying an effective federal income tax rate of over 25%. That's a swing of more than 40 percentage-points. How on earth is that "favorable" to the wealthy by any stretch of the imagination? It's not. Period.
Honestly... it's easy to see why SO many Democrat voters are poor. Democrats tend to simply have NO financial or economic sense whatsoever.
Why is my household effective tax rate higher than that of a 1-2 billion a year hedge fund manager? I'll wait.
In case you haven't heard this country is 28 trillion in debt. Do you think (like the rest of the "fiscally conservative" GOP) that the credit card is unlimited?
And do you really believe that giving Washington more of our tax dollars that they will wisely use it to pay off some of the debt...”Right”
The economy in general did very well from the 1940s through the 1960s, with only a few minor hiccups.
The past 40 years of trickle down has been a failure. It's time to try bottom up.
Until the pandemic we had the best economy in history. Companies will invest and create jobs in countries with lower taxes.
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