Presidential Debates 2024

[ClydeR]

Capitol gains taxes are flat rate so schoolteachers pay the same capitol gains as billionaires you retard.

The point is that billionaires are able to restructure their activities so that more of their income is in the form of capital gains, which are taxed at a lower rate than salary income.

And capital gains are not taxed at a flat rate. The federal capital gains tax has three rates. The top rate of 20% applies only to taxpayers whose incomes, including capital gains, exceed $500,000. It's actually a bit above $500,000, but I don't want to look it up. Only after that income level does the rate become flat.

[Neveragain]

The point is that billionaires are able to restructure their activities

Why is government unable to restructure it's activities so they don't have to steal peoples money?

[~Rocktar~]

The point is that billionaires are able to restructure their activities so that more of their income is in the form of capital gains, which are taxed at a lower rate than salary income.

And capital gains are not taxed at a flat rate. The federal capital gains tax has three rates. The top rate of 20% applies only to taxpayers whose incomes, including capital gains, exceed $500,000. It's actually a bit above $500,000, but I don't want to look it up. Only after that income level does the rate become flat.

The point is, you and all the Leftist pieces of shit are greedy, selfish, envious people who can't stand that your lives suck because of your own bad decisions. You arrogantly think you can manage other people's money better than they do. You want to return to a middle ages percent net value tax and despite your protestations, it will again hurt the poor more than anyone else. The "Rich" pay the majority of income tax, the majority of other taxes and yet, it's not enough because an average of 48% of people's gross income isn't enough in taxes, you want more.

Fuck off.

[Suppa Hobbit Mage]

I think people with $100 million should not pay a lower tax rate than schoolteachers.

Why?

What about a schoolteacher, who in their lifetime, became worth $100 million?
What about BLM?
What about Roth IRAs?
What if you tax their unearned gains Dec 31st, and the first week of January the market bottoms out and 100% of the unearned gains is completely gone.
What if I have 200 million in unearned gains and only make 50k a year? How would I pay the taxes?

If you say fair share, you've already lost the argument.

[Parkbandit]

Why?

What about a schoolteacher, who in their lifetime, became worth $100 million?
What about BLM?
What about Roth IRAs?
What if you tax their unearned gains Dec 31st, and the first week of January the market bottoms out and 100% of the unearned gains is completely gone.
What if I have 200 million in unearned gains and only make 50k a year? How would I pay the taxes?

If you say fair share, you've already lost the argument.

He already lost the argument when he had to say "tax rate"...

SPOILER: 20% of $100,000,000.00 is much more than 20% of $60,000.00

Taxing unrealized gains at any income level is one of the dumbest ideas yet to come out of the Democrat party.

It's even dumber than Berkshire Hathaway's CEO saying he loves paying taxes and he wrote a tax check to the US government for 5 billion dollars.. and if 800 other companies did this.. they wouldn't have to tax the citizens!

What he didn't mention is that BH has an annual revenue of 400 billion dollars.. #6 in the world... and there isn't 799 other companies that have that type of revenue stream... or that 800 x 5 billion is only 4 trillion.. which would still produce a deficit of 2.13 trillion dollars with a Democrat in office as President....

But you still have the sErAn's and cLyDeR's of the world going:

[Methais]

The point is that billionaires are able to restructure their activities so that more of their income is in the form of capital gains, which are taxed at a lower rate than salary income.

And capital gains are not taxed at a flat rate. The federal capital gains tax has three rates. The top rate of 20% applies only to taxpayers whose incomes, including capital gains, exceed $500,000. It's actually a bit above $500,000, but I don't want to look it up. Only after that income level does the rate become flat.

Do you work for a living and/or own anything of value?

Gonna assume "NO" to both questions. Because just look at you.

[Suppressed Poet]

I think people with $100 million should not pay a lower tax rate than schoolteachers.

I think people should pay an equal federal income tax rate, regardless of how much they earn in income, with little to no exemptions. When we all suffer the same tax rate burden together, we will naturally unify to demand our government stop wasting our money.

[Shaps]

I think people should pay an equal federal income tax rate, regardless of how much they earn in income, with little to no exemptions. When we all suffer the same tax rate burden together, we will naturally unify to demand our government stop wasting our money.

100%.

The Federal Tax rate should be a flat 18% for each and every person... No tricks, no gimmicks, go out and make as much as you can in your lifetime for you and your family - knowing you will only ever pay 18%.

There should be a Federal Tax rate of 3% on all "luxury goods" purchased (ie. jewelry, electronics, etc.) - no food, car, housing, maintenance stuff - that would be a flat %. If you earn more, you'll buy more things, which means you'll "pay more" overall - but you're not hiding anything from the people in hidden taxes.

State Taxes should be left to the States. People can make up their minds where they would like to live, what they would like to pay, and what services are provided by the State they chose... This is why we are a Republic... People should have choices of their local governance.

Lastly, the Federal Government should only convene twice a year - 3 months each period, on a "military base" style compound for them all to stay at (ie. a Fort Myers)... Individual rooms, etc... but they all are together to do the work of the People... - to amend/vote/produce Federal regulations. The remainder of the time, those officials should have to live in the Districts they represent... living by, with, and under the laws they, themselves, pass.

Will this ever happen? No.

Would this be fair? Yes.

Are the majority of people morons? Absolutely.

[Parkbandit]

I think people should pay an equal federal income tax rate, regardless of how much they earn in income, with little to no exemptions. When we all suffer the same tax rate burden together, we will naturally unify to demand our government stop wasting our money.

This is something both parties want to avoid at all costs.

[Gelston]

I think people should pay an equal federal income tax rate, regardless of how much they earn in income, with little to no exemptions. When we all suffer the same tax rate burden together, we will naturally unify to demand our government stop wasting our money.

I used to think that, but there are a few things. Say the tax rate was flat 20% across the board. You have one guy making 30k a year, another guy making 1 million a year, yeah, that guy making a million is paying a lot more, but who cares, he still has 800k a year after that. That tax rate hurts that guy making 30k a lot more.