why is there never any interest in paying off our debt with new tax money instead of giving it away or spending it on things we can live without .?

[the annoying thing]

Ignore social media. Here’s what Harris’ unrealized capital gains tax proposal means for you

A tax proposal embraced by Vice President Kamala Harris that’s meant to target the wealthy is getting attention in an unlikely place for wonky policy debate: social media.

news.yahoo.com

I think liberals and republicans need to wise up and learn how to budget and pay some interest off .

Interest payments represent seasonally adjusted annual rate at the end of Q4. At current rates, the U.S. national debt is growing by a remarkable $1 trillion about every 100 days, equal to roughly $3.6 trillion per year. that is a lot of money going tom interest and need to stop .

 

[Gabriel_Bell]

Tax payers do not like to pay their taxes and see the money go *poof!*, and they get nothing for it.
You pay for car insurance all year and when the end of the year comes and you have had no claims, and they bill you again, do you get a feeling of accomplishment from that?

 

[mark francis]

Ignore social media. Here’s what Harris’ unrealized capital gains tax proposal means for you

A tax proposal embraced by Vice President Kamala Harris that’s meant to target the wealthy is getting attention in an unlikely place for wonky policy debate: social media.

news.yahoo.com

I think liberals and republicans need to wise up and learn how to budget and pay some interest off .

Interest payments represent seasonally adjusted annual rate at the end of Q4. At current rates, the U.S. national debt is growing by a remarkable $1 trillion about every 100 days, equal to roughly $3.6 trillion per year. that is a lot of money going tom interest and need to stop .

Politicians are about serving the needs, requests, and interests of constituents and that almost always involves spending government money on those interests. DC is about spending more and more money, not less and less, which means the debt will continue to rise until the unsustainable bubble bursts at the end.

 

[Gabriel_Bell]

Trump's proposal will raise the debt higher than Kamala's.

 

[Randomguy]

Did Trump tax cut for the super rich increase or decrease the deficit and national debt? At least dems use money for new programs that help many ordinary citizens. Trumps giveaway helped a small number of the super rich.

 

[the annoying thing]

Tax payers do not like to pay their taxes and see the money go *poof!*, and they get nothing for it.
You pay for car insurance all year and when the end of the year comes and you have had no claims, and they bill you again, do you get a feeling of accomplishment from that?

Depends if my rates change as some have complained about.mine did with one well known for it's cute little down under lizzard

Tax payers do not like to pay their taxes and see the money go *poof!*, and they get nothing for it.
You pay for car insurance all year and when the end of the year comes and you have had no claims, and they bill you again, do you get a feeling of accomplishment from that?[/.

You mean liberals do not like paying taxes , say it isnt so.

 

[mark francis]

Trump's proposal will raise the debt higher than Kamala's.

Quite a few fiscal dodos have made that same claim.

 

[mark francis]

Did Trump tax cut for the super rich increase or decrease the deficit and national debt? At least dems use money for new programs that help many ordinary citizens. Trumps giveaway helped a small number of the super rich.

What tax cut was that? There was no tax cut for the rich. Democrats lie because they know their supporters have no clue. However, if I am wrong can you identify the specific tax bill by date and number so we can take an intelligent look at it instead of just debating false narratives like idiots?

 

[Randomguy]

What tax cut was that? There was no tax cut for the rich. Democrats lie because they know their supporters have no clue. However, if I am wrong can you identify the specific tax bill by date and number so we can take an intelligent look at it instead of just debating false narratives like idiots?

The 2017 Trump Tax Law Was Skewed to the Rich, Expensive, and Failed to Deliver on Its Promises​

A 2025 Course Correction Is Needed

UPDATED

JUNE 13, 2024

| BY CHUCK MARR, SAMANTHA JACOBY AND GEORGE FENTON

A high-stakes tax policy debate will accelerate this year through 2025 over the pending expiration of the individual income and estate tax provisions of the 2017 Trump tax law. Policymakers should use this opportunity to work toward a tax code that raises more revenues, is more progressive and equitable, and supports investments that make the economy work for everyone.

As this debate unfolds, policymakers and the public should understand that the 2017 Trump tax law:

• Was skewed to the rich. Households with incomes in the top 1 percent will receive an average tax cut of more than $60,000 in 2025, compared to an average tax cut of less than $500 for households in the bottom 60 percent, according to the Tax Policy Center (TPC).[1] As a share of after-tax income, tax cuts at the top — for both households in the top 1 percent and the top 5 percent — are more than triple the total value of the tax cuts received for people with incomes in the bottom 60 percent.[2]

 

[mark francis]

The 2017 Trump Tax Law Was Skewed to the Rich, Expensive, and Failed to Deliver on Its Promises​

A 2025 Course Correction Is Needed

UPDATED

JUNE 13, 2024

| BY CHUCK MARR, SAMANTHA JACOBY AND GEORGE FENTON

A high-stakes tax policy debate will accelerate this year through 2025 over the pending expiration of the individual income and estate tax provisions of the 2017 Trump tax law. Policymakers should use this opportunity to work toward a tax code that raises more revenues, is more progressive and equitable, and supports investments that make the economy work for everyone.

As this debate unfolds, policymakers and the public should understand that the 2017 Trump tax law:

• Was skewed to the rich. Households with incomes in the top 1 percent will receive an average tax cut of more than $60,000 in 2025, compared to an average tax cut of less than $500 for households in the bottom 60 percent, according to the Tax Policy Center (TPC).[1] As a share of after-tax income, tax cuts at the top — for both households in the top 1 percent and the top 5 percent — are more than triple the total value of the tax cuts received for people with incomes in the bottom 60 percent.[2]

Tax cuts on millions of small American businesses was a good thing for the economy, as was proven out in the boom years of the Trump presidency.

The Good, The Bad And The Ugly Of The Tax Cuts And Jobs Act

This tax bill will be good for America, the economy, and the stock market. So what’s the problem? Every small business should feel insulted. Corporate America got a huge, permanent tax cut, while small firms got a much smaller, “qualified” deduction that expires in eight years. But it gets worse.

www.forbes.com

There are three groups vying for tax cuts: large businesses (corporate America), small businesses (pass-through entities) and individuals, who usually spend their tax cuts.

Businesses have a threefold impact by spending, investing and creating jobs. For small businesses, it’s an article of faith that they reinvest any cash from a tax cut back into their business. Everybody knows that. Nothing new here.

 

[Randomguy]

Tax cuts on millions of small American businesses was a good thing for the economy, as was proven out in the boom years of the Trump presidency.

From one side of your mouth you pretend to not know about Trump tax cuts. From the other side you defend Trump tax cut.

You would say anything….. and you do not debate honestly.

 

[mark francis]

From one side of your mouth you pretend to not know about Trump tax cuts. From the other side you defend Trump tax cut.

You would say anything….. and you do not debate honestly.

Trump tax cuts have benefitted all Americans. Kamala's proposed tax hikes will hurt all Americans.

 

[Randomguy]

Trump tax cuts have benefitted all Americans. Kamala's proposed tax hikes will hurt all Americans.

From one side of your mouth you pretend to not know about Trump tax cuts. From the other side you defend Trump tax cut.

You would say anything….. and you do not debate honestly.

 

[Gabriel_Bell]

Mark's mind has been taken over by MAGA rays.

 

[Stalin]

my analysis, using excel tools on treasury debt to the penny data,is that the federal debt will balloon to

$100 trillion us dollars by the mid 2030's...that' is $100 000 000 000 000

interest on the debt which is $1 trillion per year now will be probably be more than the total tax take..

the us government will have to ditch the debt and create a new currency and wave goodbye to the reign of the greenback

current debt : https://www.usdebtclock.org/

debt in 4 years : https://www.usdebtclock.org/current-rates.html

when the music stops, the piper will not be paid and the children will have had their future stolen

comrade stalin
wall street