Pritzker

Quote: GenoDRPh

Is it going in the wrong direction because of Trump and his TDS supporters or is it going in the wrong direction because of a lack of obstructionism from Democrats in Congress? Is it going iin the ring direction because Republicans are idiots and invoke idiotic policies and laws or is it going in the wrong direction because Donny won't give governors of violent Red states Federal assistance in crime fighting?

SOOPOO also seems to be ignoring a possible tiny bellwether of special elections. And so far, the positive effects of tariffs seem to be mythical whereas the negative effects don’t seem so mythical.

Quote: rxwine

SOOPOO also seems to be ignoring a possible tiny bellwether of special elections. And so far, the positive effects of tariffs seem to be mythical whereas the negative effects don’t seem so mythical.

Because we don’t follow day to day inflows into the treasury due to tariffs. And of course I can see people voting against Trump even though they know his policies are way better for the country than the liberal Democrat agenda. That was proven last November! EVEN Including those, like SOOPOO, who didn’t vote for Trump but abhors most of what the Democrats stand for A LOT!

Just as a reminder, I am not necessarily’ for’ Trump’s tariffs. I just think everyone who is against tariffs just should let me know what other tax revenue is better than tariffs? Of course the instability by off again on again ANYTHING is not good.

Quote: SOOPOO

Because we don’t follow day to day inflows into the treasury due to tariffs. And of course I can see people voting against Trump even though they know his policies are way better for the country than the liberal Democrat agenda. That was proven last November! EVEN Including those, like SOOPOO, who didn’t vote for Trump but abhors most of what the Democrats stand for A LOT!

Just as a reminder, I am not necessarily’ for’ Trump’s tariffs. I just think everyone who is against tariffs just should let me know what other tax revenue is better than tariffs? Of course the instability by off again on again ANYTHING is not good.

The economy has done better under Democrats since 1992 than under any GOP president since 1989.

A fairer income tax revenue would be a good start, one where the effective tax rate is not weighted heavily in favor of the high income earners would be a good start. Repeal of the OBBB would also be a good start as well. There's TWO revenue raisers better than tariffs, which only serves as a national sales tax and makes good, imported or domestic, more expensive.

Quote: GenoDRPh

The economy has done better under Democrats since 1992 than under any GOP president since 1989.

A fairer income tax revenue would be a good start, one where the effective tax rate is not weighted heavily in favor of the high income earners would be a good start. Repeal of the OBBB would also be a good start as well. There's TWO revenue raisers better than tariffs, which only serves as a national sales tax and makes good, imported or domestic, more expensive.

Reasonable answer.

Fairer income tax? You mean the top 1% paying 40% of all tax revenues as presently done isn’t enough? Imagine how much you could siphon from the successful if it wasn’t weighted in their favor!
Are you for or against eliminating the extremely regressive taxes on cigarettes, alcohol, and gasoline? My non smoking, non drinking, Tesla owning millionaire friends love THOSE taxes!

Quote: SOOPOO

Reasonable answer.

Fairer income tax? You mean the top 1% paying 40% of all tax revenues as presently done isn’t enough? Imagine how much you could siphon from the successful if it wasn’t weighted in their favor!
Are you for or against eliminating the extremely regressive taxes on cigarettes, alcohol, and gasoline? My non smoking, non drinking, Tesla owning millionaire friends love THOSE taxes!

You said yourself that government uses tax policy to encourage or discourage behaviors and to incentivize or disincentivize private spending. I have no problem with sin taxes on tobacco, alcohol or pot. I have no problem limiting the tax deduction for gambling loses to 90% of loses. Gambling is a hobby and entertainment. Consumption of those products and habitual gambling is nothing to incentivize. The gasoline/fuel taxes help pay to keep our road and bridges and tunnels in good repair. Now, how do we collect equitable taxes from non gasoline motor vehicles, like your Tesla owning friends? I will also tell you, as a pleasure boater, I could save all my receipts for gas for my boat and file for a rebate. But I have a sailboat with a rinky-dink outboard and use only a few gallons a year so it isn't worth the trouble. Many of my friends with gas powered boats do file every year, however.

Quote:

Fairer income tax? You mean the top 1% paying 40% of all tax revenues as presently done isn’t enough? Imagine how much you could siphon from the successful if it wasn’t weighted in their favor!

You keep mentioning this and I keep giving you the same response: I want to see the wealthy pay the same effective tax rate as those in the income brackets underneath them. It doesn't matter to me that Elon paid XXXX times what Geno paid on an absolute basis. It matters to me that Geno paid a higher percentage of his income in Federal income tax than what Elon paid. So, yes, even if the wealthy did pay 40% of all tax revenue, if they paid a much lower Federal income tax rate than Geno or SooPoo or pick-your-none-1%-taxpayer, they underpaid. I am not in favor of taxing unrealized gains in general, nor am I in favor of taxing already owned wealth.

In some respects, even some of the 1% are getting screwed. A person who derives his income from stocks, bonds, investments, etc and lives off of long term capital gains earnings and loans against his assets pays a lower effective tax rate than a person who derives a similar income from they labor/wages.