Originally Posted by
gloopy
Fake news. The wealthy don't pay ultra high rates, they divert and avoid (legally) more and more as the fantasy rates on paper go up.
Exactly, and the tax law did nothing to solve this.
And businesses have never paid a penny in taxes and they never will; 100% of whatever they pay is paid by consumers.
Never heard that during my economy classes, I should have taken business.
Even then, they don't pay 35% when the rest of the competitive world is half that or less.
Oh so they do pay taxes? But you just said...
Tax reciepts are overflowing
Not sure what overflowing means? Are they giving it back now? USA Profit Sharing Day!
and breaking records.
Of course it is. We would have a SERIOUS problem if tax revenue was decreasing every year.
The problem is spending.
Exactly, and Trump's budget made it even worse! Great job at conserving...
If we could take spending to W's first year levels (we were still spending like drunken...W's...even back then, on EVERYthing including leftists pet projects) we'd have a trillion dollar a year surplus even now.
Ahem... that was Clinton's budget. George's first year was appropirated under Clinton. "Clinton's final four budgets were balanced budgets with surpluses, beginning with the 1997 budget."
source:
https://en.wikipedia.org/wiki/Econom...administration
Command and control socialist economies fail 100% of the time
We agree there.
and you and the collective aren't entitled to other people's money because we don't live in a democracy.
Well you better blast off to Mars because there isn't a place in the world where your fantasy exists. Sorry bub, you're going to pay taxes and the collective will benefit. It's how society works.