The Atlantic: Americans are Starting to Sour on Tax Cuts

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Francis Macomber
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Tom Fox said:

Francis Macomber said:

Tom Fox said:

Francis Macomber said:

rgag12 said:

Ok, raise taxes broadly across the spectrum then. See if that gets you a "win" with the electorate.



I do not want to raise them across the spectrum, i just want to raise them across those making $100 million or more a year.


You should pay the same rate as them. If that is 60% for you, then I respect that. See if you can get that passed. I am not paying 60%.

And the bottom earners have to start paying at least net 10%.


I do not make $100m a year, do you?


Nope. I pay right at 30% effective. But every last American should pay the exact same rate. if that is 30% so be it. Same for 10%.

That seems really dumb to me. 30% to somebody making less than $100k is a lot tougher to handle than somebody making $1,000,000.00.
Texas Tea
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Francis Macomber said:

Loren Visser said:

Francis Macomber said:

Quote:

In theory, the proposition seems foolproof: Everyone hates the taxman and loves to keep their money, so a tax cut must be politically popular.

But Republicans' One Big Beautiful Bill Act has tested the theory and found it wanting. A new Wall Street Journal poll shows that more than half of Americans oppose the law, which cuts taxes for many Americans while reducing government spending. That result is in line with other polling. The data journalist G. Elliott Morris notes that only one major piece of legislation enacted since 1990 was nearly so unpopular: the 2017 tax cuts signed by President Donald Trump.

The response to the 2017 cuts was fascinating. Americans grasped that the wealthy would benefit most from the law, but surveys showed that large swathes of the population incorrectly believed that they would not get a break. "If we can't sell this to the American people then we should be in another line of work," Senate Majority Leader Mitch McConnell said at the time. Americans agreed, giving Democrats control of the House a year later.

If tax cuts are no longer political winners, that's a major shift in American politics. McConnell's sentiment reflected the orthodoxy in both parties for more than four decades. Ronald Reagan won the presidency in 1980 by promising to cut taxes, which he didin both 1981 and 1986. The first cut was broadly popular; the second had plurality support. His successor, George H. W. Bush, told voters while campaigning, "Read my lips: no new taxes," and his eventual assent to tax hikes while in office was blamed in part for his 1992 defeat. The next GOP presidenthis son, George W.made popular tax cuts. Democrats Bill Clinton and Barack Obama were careful to back higher income taxes only on the wealthy.


https://www.theatlantic.com/newsletters/archive/2025/07/tax-bill-cuts/683703/?gift=Y4b-QVtwP1iFbBVgbf3hfTzBIwl80TAFCQzPpPWNcFI

My only comment is that it is ridiculous that somebody making $600k a year is paying the same tax rate as Elon Musk. I do not think we should rase rates for majority of people, but once you breach $100 million you should pay a significantly higher rate than the rest of us.

What rate should he pay on profits he hasn't recognized?


60% or higher.

Honestly, I havent put a lot of thought into it, so do not hold me to it.


Clearly
Francis Macomber
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Superfreak said:

Yeah except someone making $600000 AGI is not paying the same rate as an Elon musk. Why are effective tax rates so hard for people to understand?



Explain.
Tom Fox
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Francis Macomber said:

Tom Fox said:

Francis Macomber said:

Tom Fox said:

Francis Macomber said:

rgag12 said:

Ok, raise taxes broadly across the spectrum then. See if that gets you a "win" with the electorate.



I do not want to raise them across the spectrum, i just want to raise them across those making $100 million or more a year.


You should pay the same rate as them. If that is 60% for you, then I respect that. See if you can get that passed. I am not paying 60%.

And the bottom earners have to start paying at least net 10%.


I do not make $100m a year, do you?


Nope. I pay right at 30% effective. But every last American should pay the exact same rate. if that is 30% so be it. Same for 10%.

That seems really dumb to me. 30% to somebody making less than $100k is a lot tougher to handle than somebody making $1,000,000.00.


That's the point. If everyone paid the same rate, I wouldn't be paying 30% because no politician could run on that. Some family making 100k isn't even paying net 10% and therefore does not vote based on taxes or debt.

They either pay the same rate or do not get a say at the ballot box. And the less they make the more likely that they are utilizing more tax dollars.
Francis Macomber
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Texas Tea said:

Francis Macomber said:

Loren Visser said:

Francis Macomber said:

Quote:

In theory, the proposition seems foolproof: Everyone hates the taxman and loves to keep their money, so a tax cut must be politically popular.

But Republicans' One Big Beautiful Bill Act has tested the theory and found it wanting. A new Wall Street Journal poll shows that more than half of Americans oppose the law, which cuts taxes for many Americans while reducing government spending. That result is in line with other polling. The data journalist G. Elliott Morris notes that only one major piece of legislation enacted since 1990 was nearly so unpopular: the 2017 tax cuts signed by President Donald Trump.

The response to the 2017 cuts was fascinating. Americans grasped that the wealthy would benefit most from the law, but surveys showed that large swathes of the population incorrectly believed that they would not get a break. "If we can't sell this to the American people then we should be in another line of work," Senate Majority Leader Mitch McConnell said at the time. Americans agreed, giving Democrats control of the House a year later.

If tax cuts are no longer political winners, that's a major shift in American politics. McConnell's sentiment reflected the orthodoxy in both parties for more than four decades. Ronald Reagan won the presidency in 1980 by promising to cut taxes, which he didin both 1981 and 1986. The first cut was broadly popular; the second had plurality support. His successor, George H. W. Bush, told voters while campaigning, "Read my lips: no new taxes," and his eventual assent to tax hikes while in office was blamed in part for his 1992 defeat. The next GOP presidenthis son, George W.made popular tax cuts. Democrats Bill Clinton and Barack Obama were careful to back higher income taxes only on the wealthy.


https://www.theatlantic.com/newsletters/archive/2025/07/tax-bill-cuts/683703/?gift=Y4b-QVtwP1iFbBVgbf3hfTzBIwl80TAFCQzPpPWNcFI

My only comment is that it is ridiculous that somebody making $600k a year is paying the same tax rate as Elon Musk. I do not think we should rase rates for majority of people, but once you breach $100 million you should pay a significantly higher rate than the rest of us.

What rate should he pay on profits he hasn't recognized?


60% or higher.

Honestly, I havent put a lot of thought into it, so do not hold me to it.


Clearly


What is your thoughts on it? Should somebody making $1,000,000.00/year be taxed the same as Zuckerberg?
Francis Macomber
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Tom Fox said:

Francis Macomber said:

Tom Fox said:

Francis Macomber said:

Tom Fox said:

Francis Macomber said:

rgag12 said:

Ok, raise taxes broadly across the spectrum then. See if that gets you a "win" with the electorate.



I do not want to raise them across the spectrum, i just want to raise them across those making $100 million or more a year.


You should pay the same rate as them. If that is 60% for you, then I respect that. See if you can get that passed. I am not paying 60%.

And the bottom earners have to start paying at least net 10%.


I do not make $100m a year, do you?


Nope. I pay right at 30% effective. But every last American should pay the exact same rate. if that is 30% so be it. Same for 10%.

That seems really dumb to me. 30% to somebody making less than $100k is a lot tougher to handle than somebody making $1,000,000.00.


That's the point. If everyone paid the same rate, I wouldn't be paying 30% because no politician could run on that. Some family making 100k isn't even paying net10% and do not vote based on taxes or debt.

They either pay the same rate or do not get a say at the ballot box. And the less they make the more likely that they are utilizing more tax dollars.


Huh?
Tom Fox
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Francis Macomber said:

Texas Tea said:

Francis Macomber said:

Loren Visser said:

Francis Macomber said:

Quote:

In theory, the proposition seems foolproof: Everyone hates the taxman and loves to keep their money, so a tax cut must be politically popular.

But Republicans' One Big Beautiful Bill Act has tested the theory and found it wanting. A new Wall Street Journal poll shows that more than half of Americans oppose the law, which cuts taxes for many Americans while reducing government spending. That result is in line with other polling. The data journalist G. Elliott Morris notes that only one major piece of legislation enacted since 1990 was nearly so unpopular: the 2017 tax cuts signed by President Donald Trump.

The response to the 2017 cuts was fascinating. Americans grasped that the wealthy would benefit most from the law, but surveys showed that large swathes of the population incorrectly believed that they would not get a break. "If we can't sell this to the American people then we should be in another line of work," Senate Majority Leader Mitch McConnell said at the time. Americans agreed, giving Democrats control of the House a year later.

If tax cuts are no longer political winners, that's a major shift in American politics. McConnell's sentiment reflected the orthodoxy in both parties for more than four decades. Ronald Reagan won the presidency in 1980 by promising to cut taxes, which he didin both 1981 and 1986. The first cut was broadly popular; the second had plurality support. His successor, George H. W. Bush, told voters while campaigning, "Read my lips: no new taxes," and his eventual assent to tax hikes while in office was blamed in part for his 1992 defeat. The next GOP presidenthis son, George W.made popular tax cuts. Democrats Bill Clinton and Barack Obama were careful to back higher income taxes only on the wealthy.


https://www.theatlantic.com/newsletters/archive/2025/07/tax-bill-cuts/683703/?gift=Y4b-QVtwP1iFbBVgbf3hfTzBIwl80TAFCQzPpPWNcFI

My only comment is that it is ridiculous that somebody making $600k a year is paying the same tax rate as Elon Musk. I do not think we should rase rates for majority of people, but once you breach $100 million you should pay a significantly higher rate than the rest of us.

What rate should he pay on profits he hasn't recognized?


60% or higher.

Honestly, I havent put a lot of thought into it, so do not hold me to it.


Clearly


What is your thoughts on it? Should somebody making $1,000,000.00/year be taxed the same as Zuckerberg?


Absolutely the same rate. And I make right at that. Someone making $50k should also pay the same rate as me. Then as people with equal skin in the game can go to the ballot box and decide on the appropriate tax rate and what we should spend our money on. Because we are all paying for it.

Now obviously Zuck at 30% will pay significantly more than me in total just as I will pay more than the guys making $50k.

I can totally accept if Americans vote to pay 50% if we are all paying it. But the majority aren't really paying anything. It is Monopoly money to them.
Tom Fox
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What would be the current flat tax rate is every last voter was paying it?

Hint: probably less than 10%.
shack009
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Francis Macomber said:

shack009 said:

Francis Macomber said:

rgag12 said:

Ok, raise taxes broadly across the spectrum then. See if that gets you a "win" with the electorate.



I do not want to raise them across the spectrum, i just want to raise them across those making $100 million or more a year.


Bro, almost nobody makes that in a year. There are less than 30,000 people in the world who have a net worth of $100,000,000.


So? Tax the **** out of the ones that do. In case you've not noticed, we have concentrated wealth more than just about anytime in our country's history.


Ragoo
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Tom Fox said:

Superfreak said:

Yeah except someone making $600000 AGI is not paying the same rate as an Elon musk. Why are effective tax rates so hard for people to understand?


Everyone should in fact be paying the same rate. Elon. You. Me.



great movie
Ragoo
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Tom Fox said:

What would be the current flat tax rate is every last voter was paying it?

Hint: probably less than 10%.
I thought I read somewhere the effective tax rate would need to be 18%
Tom Fox
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Ragoo said:

Tom Fox said:

What would be the current flat tax rate is every last voter was paying it?

Hint: probably less than 10%.
I thought I read somewhere the effective tax rate would need to be 18%


Without entitlements? Because those would be gone if everyone was paying for them.
Francis Macomber
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Tom Fox said:

Francis Macomber said:

Texas Tea said:

Francis Macomber said:

Loren Visser said:

Francis Macomber said:

Quote:

In theory, the proposition seems foolproof: Everyone hates the taxman and loves to keep their money, so a tax cut must be politically popular.

But Republicans' One Big Beautiful Bill Act has tested the theory and found it wanting. A new Wall Street Journal poll shows that more than half of Americans oppose the law, which cuts taxes for many Americans while reducing government spending. That result is in line with other polling. The data journalist G. Elliott Morris notes that only one major piece of legislation enacted since 1990 was nearly so unpopular: the 2017 tax cuts signed by President Donald Trump.

The response to the 2017 cuts was fascinating. Americans grasped that the wealthy would benefit most from the law, but surveys showed that large swathes of the population incorrectly believed that they would not get a break. "If we can't sell this to the American people then we should be in another line of work," Senate Majority Leader Mitch McConnell said at the time. Americans agreed, giving Democrats control of the House a year later.

If tax cuts are no longer political winners, that's a major shift in American politics. McConnell's sentiment reflected the orthodoxy in both parties for more than four decades. Ronald Reagan won the presidency in 1980 by promising to cut taxes, which he didin both 1981 and 1986. The first cut was broadly popular; the second had plurality support. His successor, George H. W. Bush, told voters while campaigning, "Read my lips: no new taxes," and his eventual assent to tax hikes while in office was blamed in part for his 1992 defeat. The next GOP presidenthis son, George W.made popular tax cuts. Democrats Bill Clinton and Barack Obama were careful to back higher income taxes only on the wealthy.


https://www.theatlantic.com/newsletters/archive/2025/07/tax-bill-cuts/683703/?gift=Y4b-QVtwP1iFbBVgbf3hfTzBIwl80TAFCQzPpPWNcFI

My only comment is that it is ridiculous that somebody making $600k a year is paying the same tax rate as Elon Musk. I do not think we should rase rates for majority of people, but once you breach $100 million you should pay a significantly higher rate than the rest of us.

What rate should he pay on profits he hasn't recognized?


60% or higher.

Honestly, I havent put a lot of thought into it, so do not hold me to it.


Clearly


What is your thoughts on it? Should somebody making $1,000,000.00/year be taxed the same as Zuckerberg?


Absolutely the same rate. And I make right at that. Someone making $50k should also pay the same rate as me. Then as people with equal skin in the game can go to the ballot box and decide on the appropriate tax rate and what we should spend our money on. Because we are all paying for it.

Now obviously Zuck at 30% will pay significantly more than me in total just as I will pay more than the guys making $50k.

I can totally accept if Americans vote to pay 50% if we are all paying it. But the majority aren't really paying anything. It is Monopoly money to them.


Yeah, this doesn't seem very realistic to me. I have been poor as hell and fortunate enough to be in the upper tax bracket. 10%, 20%, 30%, etc is not the sa.e at < $100k a year as it is when you make more than $100k.

I pay >$100k in taxes and I am at the tiop bracket, and I think it is ridiculous we are letting people make enough money to start theie own country and they are getting g taxed at the same rate as me.
one safe place
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Francis Macomber said:

Quote:

My only comment is that it is ridiculous that somebody making $600k a year is paying the same tax rate as Elon Musk. I do not think we should rase rates for majority of people, but once you breach $100 million you should pay a significantly higher rate than the rest of us.



Few make that kind of money. Plus they likely create a lot of jobs directly or through their investments. They are not the issue on the income tax side of things. The nearly 50% who pay nothing, or worse, get refunds of money they did not pay in are. Of course, the real issue is spending, cut out entitlements and handouts and cut everything else 25% or more.
Tom Fox
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Francis Macomber said:

Tom Fox said:

Francis Macomber said:

Texas Tea said:

Francis Macomber said:

Loren Visser said:

Francis Macomber said:

Quote:

In theory, the proposition seems foolproof: Everyone hates the taxman and loves to keep their money, so a tax cut must be politically popular.

But Republicans' One Big Beautiful Bill Act has tested the theory and found it wanting. A new Wall Street Journal poll shows that more than half of Americans oppose the law, which cuts taxes for many Americans while reducing government spending. That result is in line with other polling. The data journalist G. Elliott Morris notes that only one major piece of legislation enacted since 1990 was nearly so unpopular: the 2017 tax cuts signed by President Donald Trump.

The response to the 2017 cuts was fascinating. Americans grasped that the wealthy would benefit most from the law, but surveys showed that large swathes of the population incorrectly believed that they would not get a break. "If we can't sell this to the American people then we should be in another line of work," Senate Majority Leader Mitch McConnell said at the time. Americans agreed, giving Democrats control of the House a year later.

If tax cuts are no longer political winners, that's a major shift in American politics. McConnell's sentiment reflected the orthodoxy in both parties for more than four decades. Ronald Reagan won the presidency in 1980 by promising to cut taxes, which he didin both 1981 and 1986. The first cut was broadly popular; the second had plurality support. His successor, George H. W. Bush, told voters while campaigning, "Read my lips: no new taxes," and his eventual assent to tax hikes while in office was blamed in part for his 1992 defeat. The next GOP presidenthis son, George W.made popular tax cuts. Democrats Bill Clinton and Barack Obama were careful to back higher income taxes only on the wealthy.


https://www.theatlantic.com/newsletters/archive/2025/07/tax-bill-cuts/683703/?gift=Y4b-QVtwP1iFbBVgbf3hfTzBIwl80TAFCQzPpPWNcFI

My only comment is that it is ridiculous that somebody making $600k a year is paying the same tax rate as Elon Musk. I do not think we should rase rates for majority of people, but once you breach $100 million you should pay a significantly higher rate than the rest of us.

What rate should he pay on profits he hasn't recognized?


60% or higher.

Honestly, I havent put a lot of thought into it, so do not hold me to it.


Clearly


What is your thoughts on it? Should somebody making $1,000,000.00/year be taxed the same as Zuckerberg?


Absolutely the same rate. And I make right at that. Someone making $50k should also pay the same rate as me. Then as people with equal skin in the game can go to the ballot box and decide on the appropriate tax rate and what we should spend our money on. Because we are all paying for it.

Now obviously Zuck at 30% will pay significantly more than me in total just as I will pay more than the guys making $50k.

I can totally accept if Americans vote to pay 50% if we are all paying it. But the majority aren't really paying anything. It is Monopoly money to them.


Yeah, this doesn't seem very realistic to me. I have been poor as hell and fortunate enough to be in the upper tax bracket. 10%, 20%, 30%, etc is not the sa.e at < $100k a year as it is when you make more than $100k.

I pay >$100k in taxes and I am at the tiop bracket, and I think it is ridiculous we are letting people make enough money to start theie own country and they are getting g taxed at the same rate as me.


They call that envy. You should work on it.

And they are probably paying a lower effective rate than you because they are making their money through investments.
shack009
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Francis Macomber said:

Tom Fox said:

Francis Macomber said:

Texas Tea said:

Francis Macomber said:

Loren Visser said:

Francis Macomber said:

Quote:

In theory, the proposition seems foolproof: Everyone hates the taxman and loves to keep their money, so a tax cut must be politically popular.

But Republicans' One Big Beautiful Bill Act has tested the theory and found it wanting. A new Wall Street Journal poll shows that more than half of Americans oppose the law, which cuts taxes for many Americans while reducing government spending. That result is in line with other polling. The data journalist G. Elliott Morris notes that only one major piece of legislation enacted since 1990 was nearly so unpopular: the 2017 tax cuts signed by President Donald Trump.

The response to the 2017 cuts was fascinating. Americans grasped that the wealthy would benefit most from the law, but surveys showed that large swathes of the population incorrectly believed that they would not get a break. "If we can't sell this to the American people then we should be in another line of work," Senate Majority Leader Mitch McConnell said at the time. Americans agreed, giving Democrats control of the House a year later.

If tax cuts are no longer political winners, that's a major shift in American politics. McConnell's sentiment reflected the orthodoxy in both parties for more than four decades. Ronald Reagan won the presidency in 1980 by promising to cut taxes, which he didin both 1981 and 1986. The first cut was broadly popular; the second had plurality support. His successor, George H. W. Bush, told voters while campaigning, "Read my lips: no new taxes," and his eventual assent to tax hikes while in office was blamed in part for his 1992 defeat. The next GOP presidenthis son, George W.made popular tax cuts. Democrats Bill Clinton and Barack Obama were careful to back higher income taxes only on the wealthy.


https://www.theatlantic.com/newsletters/archive/2025/07/tax-bill-cuts/683703/?gift=Y4b-QVtwP1iFbBVgbf3hfTzBIwl80TAFCQzPpPWNcFI

My only comment is that it is ridiculous that somebody making $600k a year is paying the same tax rate as Elon Musk. I do not think we should rase rates for majority of people, but once you breach $100 million you should pay a significantly higher rate than the rest of us.

What rate should he pay on profits he hasn't recognized?


60% or higher.

Honestly, I havent put a lot of thought into it, so do not hold me to it.


Clearly


What is your thoughts on it? Should somebody making $1,000,000.00/year be taxed the same as Zuckerberg?


Absolutely the same rate. And I make right at that. Someone making $50k should also pay the same rate as me. Then as people with equal skin in the game can go to the ballot box and decide on the appropriate tax rate and what we should spend our money on. Because we are all paying for it.

Now obviously Zuck at 30% will pay significantly more than me in total just as I will pay more than the guys making $50k.

I can totally accept if Americans vote to pay 50% if we are all paying it. But the majority aren't really paying anything. It is Monopoly money to them.


Yeah, this doesn't seem very realistic to me. I have been poor as hell and fortunate enough to be in the upper tax bracket. 10%, 20%, 30%, etc is not the sa.e at < $100k a year as it is when you make more than $100k.

I pay >$100k in taxes and I am at the tiop bracket, and I think it is ridiculous we are letting people make enough money to start theie own country and they are getting g taxed at the same rate as me.


And what if someone thinks it's ridiculous that you make as much as you claim to make? Somehow it's different for you, I imagine.
Tom Fox
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shack009 said:

Francis Macomber said:

Tom Fox said:

Francis Macomber said:

Texas Tea said:

Francis Macomber said:

Loren Visser said:

Francis Macomber said:

Quote:

In theory, the proposition seems foolproof: Everyone hates the taxman and loves to keep their money, so a tax cut must be politically popular.

But Republicans' One Big Beautiful Bill Act has tested the theory and found it wanting. A new Wall Street Journal poll shows that more than half of Americans oppose the law, which cuts taxes for many Americans while reducing government spending. That result is in line with other polling. The data journalist G. Elliott Morris notes that only one major piece of legislation enacted since 1990 was nearly so unpopular: the 2017 tax cuts signed by President Donald Trump.

The response to the 2017 cuts was fascinating. Americans grasped that the wealthy would benefit most from the law, but surveys showed that large swathes of the population incorrectly believed that they would not get a break. "If we can't sell this to the American people then we should be in another line of work," Senate Majority Leader Mitch McConnell said at the time. Americans agreed, giving Democrats control of the House a year later.

If tax cuts are no longer political winners, that's a major shift in American politics. McConnell's sentiment reflected the orthodoxy in both parties for more than four decades. Ronald Reagan won the presidency in 1980 by promising to cut taxes, which he didin both 1981 and 1986. The first cut was broadly popular; the second had plurality support. His successor, George H. W. Bush, told voters while campaigning, "Read my lips: no new taxes," and his eventual assent to tax hikes while in office was blamed in part for his 1992 defeat. The next GOP presidenthis son, George W.made popular tax cuts. Democrats Bill Clinton and Barack Obama were careful to back higher income taxes only on the wealthy.


https://www.theatlantic.com/newsletters/archive/2025/07/tax-bill-cuts/683703/?gift=Y4b-QVtwP1iFbBVgbf3hfTzBIwl80TAFCQzPpPWNcFI

My only comment is that it is ridiculous that somebody making $600k a year is paying the same tax rate as Elon Musk. I do not think we should rase rates for majority of people, but once you breach $100 million you should pay a significantly higher rate than the rest of us.

What rate should he pay on profits he hasn't recognized?


60% or higher.

Honestly, I havent put a lot of thought into it, so do not hold me to it.


Clearly


What is your thoughts on it? Should somebody making $1,000,000.00/year be taxed the same as Zuckerberg?


Absolutely the same rate. And I make right at that. Someone making $50k should also pay the same rate as me. Then as people with equal skin in the game can go to the ballot box and decide on the appropriate tax rate and what we should spend our money on. Because we are all paying for it.

Now obviously Zuck at 30% will pay significantly more than me in total just as I will pay more than the guys making $50k.

I can totally accept if Americans vote to pay 50% if we are all paying it. But the majority aren't really paying anything. It is Monopoly money to them.


Yeah, this doesn't seem very realistic to me. I have been poor as hell and fortunate enough to be in the upper tax bracket. 10%, 20%, 30%, etc is not the sa.e at < $100k a year as it is when you make more than $100k.

I pay >$100k in taxes and I am at the tiop bracket, and I think it is ridiculous we are letting people make enough money to start theie own country and they are getting g taxed at the same rate as me.


And what if someone thinks it's ridiculous that you make as much as you claim to make? Somehow it's different for you, I imagine.


Yep. The rich are anyone that makes a dollar more than them.
Francis Macomber
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Tom Fox said:

Francis Macomber said:

Tom Fox said:

Francis Macomber said:

Texas Tea said:

Francis Macomber said:

Loren Visser said:

Francis Macomber said:

Quote:

In theory, the proposition seems foolproof: Everyone hates the taxman and loves to keep their money, so a tax cut must be politically popular.

But Republicans' One Big Beautiful Bill Act has tested the theory and found it wanting. A new Wall Street Journal poll shows that more than half of Americans oppose the law, which cuts taxes for many Americans while reducing government spending. That result is in line with other polling. The data journalist G. Elliott Morris notes that only one major piece of legislation enacted since 1990 was nearly so unpopular: the 2017 tax cuts signed by President Donald Trump.

The response to the 2017 cuts was fascinating. Americans grasped that the wealthy would benefit most from the law, but surveys showed that large swathes of the population incorrectly believed that they would not get a break. "If we can't sell this to the American people then we should be in another line of work," Senate Majority Leader Mitch McConnell said at the time. Americans agreed, giving Democrats control of the House a year later.

If tax cuts are no longer political winners, that's a major shift in American politics. McConnell's sentiment reflected the orthodoxy in both parties for more than four decades. Ronald Reagan won the presidency in 1980 by promising to cut taxes, which he didin both 1981 and 1986. The first cut was broadly popular; the second had plurality support. His successor, George H. W. Bush, told voters while campaigning, "Read my lips: no new taxes," and his eventual assent to tax hikes while in office was blamed in part for his 1992 defeat. The next GOP presidenthis son, George W.made popular tax cuts. Democrats Bill Clinton and Barack Obama were careful to back higher income taxes only on the wealthy.


https://www.theatlantic.com/newsletters/archive/2025/07/tax-bill-cuts/683703/?gift=Y4b-QVtwP1iFbBVgbf3hfTzBIwl80TAFCQzPpPWNcFI

My only comment is that it is ridiculous that somebody making $600k a year is paying the same tax rate as Elon Musk. I do not think we should rase rates for majority of people, but once you breach $100 million you should pay a significantly higher rate than the rest of us.

What rate should he pay on profits he hasn't recognized?


60% or higher.

Honestly, I havent put a lot of thought into it, so do not hold me to it.


Clearly


What is your thoughts on it? Should somebody making $1,000,000.00/year be taxed the same as Zuckerberg?


Absolutely the same rate. And I make right at that. Someone making $50k should also pay the same rate as me. Then as people with equal skin in the game can go to the ballot box and decide on the appropriate tax rate and what we should spend our money on. Because we are all paying for it.

Now obviously Zuck at 30% will pay significantly more than me in total just as I will pay more than the guys making $50k.

I can totally accept if Americans vote to pay 50% if we are all paying it. But the majority aren't really paying anything. It is Monopoly money to them.


Yeah, this doesn't seem very realistic to me. I have been poor as hell and fortunate enough to be in the upper tax bracket. 10%, 20%, 30%, etc is not the sa.e at < $100k a year as it is when you make more than $100k.

I pay >$100k in taxes and I am at the tiop bracket, and I think it is ridiculous we are letting people make enough money to start theie own country and they are getting g taxed at the same rate as me.


They call that envy. You should work on it.

And they are probably paying a lower effective rate than you because they are making their money through investments.


Bull***** You can try to shame me on these things but all that tells me is you don't really struggle with these issues. And that means you either do not have an open mind or you do not make what you report on here.
Francis Macomber
How long do you want to ignore this user?
shack009 said:

Francis Macomber said:

Tom Fox said:

Francis Macomber said:

Texas Tea said:

Francis Macomber said:

Loren Visser said:

Francis Macomber said:

Quote:

In theory, the proposition seems foolproof: Everyone hates the taxman and loves to keep their money, so a tax cut must be politically popular.

But Republicans' One Big Beautiful Bill Act has tested the theory and found it wanting. A new Wall Street Journal poll shows that more than half of Americans oppose the law, which cuts taxes for many Americans while reducing government spending. That result is in line with other polling. The data journalist G. Elliott Morris notes that only one major piece of legislation enacted since 1990 was nearly so unpopular: the 2017 tax cuts signed by President Donald Trump.

The response to the 2017 cuts was fascinating. Americans grasped that the wealthy would benefit most from the law, but surveys showed that large swathes of the population incorrectly believed that they would not get a break. "If we can't sell this to the American people then we should be in another line of work," Senate Majority Leader Mitch McConnell said at the time. Americans agreed, giving Democrats control of the House a year later.

If tax cuts are no longer political winners, that's a major shift in American politics. McConnell's sentiment reflected the orthodoxy in both parties for more than four decades. Ronald Reagan won the presidency in 1980 by promising to cut taxes, which he didin both 1981 and 1986. The first cut was broadly popular; the second had plurality support. His successor, George H. W. Bush, told voters while campaigning, "Read my lips: no new taxes," and his eventual assent to tax hikes while in office was blamed in part for his 1992 defeat. The next GOP presidenthis son, George W.made popular tax cuts. Democrats Bill Clinton and Barack Obama were careful to back higher income taxes only on the wealthy.


https://www.theatlantic.com/newsletters/archive/2025/07/tax-bill-cuts/683703/?gift=Y4b-QVtwP1iFbBVgbf3hfTzBIwl80TAFCQzPpPWNcFI

My only comment is that it is ridiculous that somebody making $600k a year is paying the same tax rate as Elon Musk. I do not think we should rase rates for majority of people, but once you breach $100 million you should pay a significantly higher rate than the rest of us.

What rate should he pay on profits he hasn't recognized?


60% or higher.

Honestly, I havent put a lot of thought into it, so do not hold me to it.


Clearly


What is your thoughts on it? Should somebody making $1,000,000.00/year be taxed the same as Zuckerberg?


Absolutely the same rate. And I make right at that. Someone making $50k should also pay the same rate as me. Then as people with equal skin in the game can go to the ballot box and decide on the appropriate tax rate and what we should spend our money on. Because we are all paying for it.

Now obviously Zuck at 30% will pay significantly more than me in total just as I will pay more than the guys making $50k.

I can totally accept if Americans vote to pay 50% if we are all paying it. But the majority aren't really paying anything. It is Monopoly money to them.


Yeah, this doesn't seem very realistic to me. I have been poor as hell and fortunate enough to be in the upper tax bracket. 10%, 20%, 30%, etc is not the sa.e at < $100k a year as it is when you make more than $100k.

I pay >$100k in taxes and I am at the tiop bracket, and I think it is ridiculous we are letting people make enough money to start theie own country and they are getting g taxed at the same rate as me.


And what if someone thinks it's ridiculous that you make as much as you claim to make? Somehow it's different for you, I imagine.


Tax me more then. I have more than i ever thought I would have.
shack009
How long do you want to ignore this user?
Francis Macomber said:

shack009 said:

Francis Macomber said:

Tom Fox said:

Francis Macomber said:

Texas Tea said:

Francis Macomber said:

Loren Visser said:

Francis Macomber said:

Quote:

In theory, the proposition seems foolproof: Everyone hates the taxman and loves to keep their money, so a tax cut must be politically popular.

But Republicans' One Big Beautiful Bill Act has tested the theory and found it wanting. A new Wall Street Journal poll shows that more than half of Americans oppose the law, which cuts taxes for many Americans while reducing government spending. That result is in line with other polling. The data journalist G. Elliott Morris notes that only one major piece of legislation enacted since 1990 was nearly so unpopular: the 2017 tax cuts signed by President Donald Trump.

The response to the 2017 cuts was fascinating. Americans grasped that the wealthy would benefit most from the law, but surveys showed that large swathes of the population incorrectly believed that they would not get a break. "If we can't sell this to the American people then we should be in another line of work," Senate Majority Leader Mitch McConnell said at the time. Americans agreed, giving Democrats control of the House a year later.

If tax cuts are no longer political winners, that's a major shift in American politics. McConnell's sentiment reflected the orthodoxy in both parties for more than four decades. Ronald Reagan won the presidency in 1980 by promising to cut taxes, which he didin both 1981 and 1986. The first cut was broadly popular; the second had plurality support. His successor, George H. W. Bush, told voters while campaigning, "Read my lips: no new taxes," and his eventual assent to tax hikes while in office was blamed in part for his 1992 defeat. The next GOP presidenthis son, George W.made popular tax cuts. Democrats Bill Clinton and Barack Obama were careful to back higher income taxes only on the wealthy.


https://www.theatlantic.com/newsletters/archive/2025/07/tax-bill-cuts/683703/?gift=Y4b-QVtwP1iFbBVgbf3hfTzBIwl80TAFCQzPpPWNcFI

My only comment is that it is ridiculous that somebody making $600k a year is paying the same tax rate as Elon Musk. I do not think we should rase rates for majority of people, but once you breach $100 million you should pay a significantly higher rate than the rest of us.

What rate should he pay on profits he hasn't recognized?


60% or higher.

Honestly, I havent put a lot of thought into it, so do not hold me to it.


Clearly


What is your thoughts on it? Should somebody making $1,000,000.00/year be taxed the same as Zuckerberg?


Absolutely the same rate. And I make right at that. Someone making $50k should also pay the same rate as me. Then as people with equal skin in the game can go to the ballot box and decide on the appropriate tax rate and what we should spend our money on. Because we are all paying for it.

Now obviously Zuck at 30% will pay significantly more than me in total just as I will pay more than the guys making $50k.

I can totally accept if Americans vote to pay 50% if we are all paying it. But the majority aren't really paying anything. It is Monopoly money to them.


Yeah, this doesn't seem very realistic to me. I have been poor as hell and fortunate enough to be in the upper tax bracket. 10%, 20%, 30%, etc is not the sa.e at < $100k a year as it is when you make more than $100k.

I pay >$100k in taxes and I am at the tiop bracket, and I think it is ridiculous we are letting people make enough money to start theie own country and they are getting g taxed at the same rate as me.


And what if someone thinks it's ridiculous that you make as much as you claim to make? Somehow it's different for you, I imagine.


Tax me more then. I have more than i ever thought I would have.


Why wait? You can just give money to the IRS whenever you want. You can give lots.
BigRobSA
How long do you want to ignore this user?
Francis Macomber said:

shack009 said:

Francis Macomber said:

Tom Fox said:

Francis Macomber said:

Texas Tea said:

Francis Macomber said:

Loren Visser said:

Francis Macomber said:

Quote:

In theory, the proposition seems foolproof: Everyone hates the taxman and loves to keep their money, so a tax cut must be politically popular.

But Republicans' One Big Beautiful Bill Act has tested the theory and found it wanting. A new Wall Street Journal poll shows that more than half of Americans oppose the law, which cuts taxes for many Americans while reducing government spending. That result is in line with other polling. The data journalist G. Elliott Morris notes that only one major piece of legislation enacted since 1990 was nearly so unpopular: the 2017 tax cuts signed by President Donald Trump.

The response to the 2017 cuts was fascinating. Americans grasped that the wealthy would benefit most from the law, but surveys showed that large swathes of the population incorrectly believed that they would not get a break. "If we can't sell this to the American people then we should be in another line of work," Senate Majority Leader Mitch McConnell said at the time. Americans agreed, giving Democrats control of the House a year later.

If tax cuts are no longer political winners, that's a major shift in American politics. McConnell's sentiment reflected the orthodoxy in both parties for more than four decades. Ronald Reagan won the presidency in 1980 by promising to cut taxes, which he didin both 1981 and 1986. The first cut was broadly popular; the second had plurality support. His successor, George H. W. Bush, told voters while campaigning, "Read my lips: no new taxes," and his eventual assent to tax hikes while in office was blamed in part for his 1992 defeat. The next GOP presidenthis son, George W.made popular tax cuts. Democrats Bill Clinton and Barack Obama were careful to back higher income taxes only on the wealthy.


https://www.theatlantic.com/newsletters/archive/2025/07/tax-bill-cuts/683703/?gift=Y4b-QVtwP1iFbBVgbf3hfTzBIwl80TAFCQzPpPWNcFI

My only comment is that it is ridiculous that somebody making $600k a year is paying the same tax rate as Elon Musk. I do not think we should rase rates for majority of people, but once you breach $100 million you should pay a significantly higher rate than the rest of us.

What rate should he pay on profits he hasn't recognized?


60% or higher.

Honestly, I havent put a lot of thought into it, so do not hold me to it.


Clearly


What is your thoughts on it? Should somebody making $1,000,000.00/year be taxed the same as Zuckerberg?


Absolutely the same rate. And I make right at that. Someone making $50k should also pay the same rate as me. Then as people with equal skin in the game can go to the ballot box and decide on the appropriate tax rate and what we should spend our money on. Because we are all paying for it.

Now obviously Zuck at 30% will pay significantly more than me in total just as I will pay more than the guys making $50k.

I can totally accept if Americans vote to pay 50% if we are all paying it. But the majority aren't really paying anything. It is Monopoly money to them.


Yeah, this doesn't seem very realistic to me. I have been poor as hell and fortunate enough to be in the upper tax bracket. 10%, 20%, 30%, etc is not the sa.e at < $100k a year as it is when you make more than $100k.

I pay >$100k in taxes and I am at the tiop bracket, and I think it is ridiculous we are letting people make enough money to start theie own country and they are getting g taxed at the same rate as me.


And what if someone thinks it's ridiculous that you make as much as you claim to make? Somehow it's different for you, I imagine.


Tax me more then. I have more than i ever thought I would have.

You're free, right now, to send them a check.

Raising taxes, on anyone, is ****ing ruhtarded. GUT spending. We do not now, nor ever have had, a "revenue" problem.

Taxation is theft.
Tom Fox
How long do you want to ignore this user?
Francis Macomber said:

shack009 said:

Francis Macomber said:

Tom Fox said:

Francis Macomber said:

Texas Tea said:

Francis Macomber said:

Loren Visser said:

Francis Macomber said:

Quote:

In theory, the proposition seems foolproof: Everyone hates the taxman and loves to keep their money, so a tax cut must be politically popular.

But Republicans' One Big Beautiful Bill Act has tested the theory and found it wanting. A new Wall Street Journal poll shows that more than half of Americans oppose the law, which cuts taxes for many Americans while reducing government spending. That result is in line with other polling. The data journalist G. Elliott Morris notes that only one major piece of legislation enacted since 1990 was nearly so unpopular: the 2017 tax cuts signed by President Donald Trump.

The response to the 2017 cuts was fascinating. Americans grasped that the wealthy would benefit most from the law, but surveys showed that large swathes of the population incorrectly believed that they would not get a break. "If we can't sell this to the American people then we should be in another line of work," Senate Majority Leader Mitch McConnell said at the time. Americans agreed, giving Democrats control of the House a year later.

If tax cuts are no longer political winners, that's a major shift in American politics. McConnell's sentiment reflected the orthodoxy in both parties for more than four decades. Ronald Reagan won the presidency in 1980 by promising to cut taxes, which he didin both 1981 and 1986. The first cut was broadly popular; the second had plurality support. His successor, George H. W. Bush, told voters while campaigning, "Read my lips: no new taxes," and his eventual assent to tax hikes while in office was blamed in part for his 1992 defeat. The next GOP presidenthis son, George W.made popular tax cuts. Democrats Bill Clinton and Barack Obama were careful to back higher income taxes only on the wealthy.


https://www.theatlantic.com/newsletters/archive/2025/07/tax-bill-cuts/683703/?gift=Y4b-QVtwP1iFbBVgbf3hfTzBIwl80TAFCQzPpPWNcFI

My only comment is that it is ridiculous that somebody making $600k a year is paying the same tax rate as Elon Musk. I do not think we should rase rates for majority of people, but once you breach $100 million you should pay a significantly higher rate than the rest of us.

What rate should he pay on profits he hasn't recognized?


60% or higher.

Honestly, I havent put a lot of thought into it, so do not hold me to it.


Clearly


What is your thoughts on it? Should somebody making $1,000,000.00/year be taxed the same as Zuckerberg?


Absolutely the same rate. And I make right at that. Someone making $50k should also pay the same rate as me. Then as people with equal skin in the game can go to the ballot box and decide on the appropriate tax rate and what we should spend our money on. Because we are all paying for it.

Now obviously Zuck at 30% will pay significantly more than me in total just as I will pay more than the guys making $50k.

I can totally accept if Americans vote to pay 50% if we are all paying it. But the majority aren't really paying anything. It is Monopoly money to them.


Yeah, this doesn't seem very realistic to me. I have been poor as hell and fortunate enough to be in the upper tax bracket. 10%, 20%, 30%, etc is not the sa.e at < $100k a year as it is when you make more than $100k.

I pay >$100k in taxes and I am at the tiop bracket, and I think it is ridiculous we are letting people make enough money to start theie own country and they are getting g taxed at the same rate as me.


And what if someone thinks it's ridiculous that you make as much as you claim to make? Somehow it's different for you, I imagine.


Tax me more then. I have more than i ever thought I would have.


You can pay more to the government. Knock yourself out.

But stop trying to make others pay more if you are not going to pay the same rate along with every other voter.
Francis Macomber
How long do you want to ignore this user?
BigRobSA said:

Francis Macomber said:

shack009 said:

Francis Macomber said:

Tom Fox said:

Francis Macomber said:

Texas Tea said:

Francis Macomber said:

Loren Visser said:

Francis Macomber said:

Quote:

In theory, the proposition seems foolproof: Everyone hates the taxman and loves to keep their money, so a tax cut must be politically popular.

But Republicans' One Big Beautiful Bill Act has tested the theory and found it wanting. A new Wall Street Journal poll shows that more than half of Americans oppose the law, which cuts taxes for many Americans while reducing government spending. That result is in line with other polling. The data journalist G. Elliott Morris notes that only one major piece of legislation enacted since 1990 was nearly so unpopular: the 2017 tax cuts signed by President Donald Trump.

The response to the 2017 cuts was fascinating. Americans grasped that the wealthy would benefit most from the law, but surveys showed that large swathes of the population incorrectly believed that they would not get a break. "If we can't sell this to the American people then we should be in another line of work," Senate Majority Leader Mitch McConnell said at the time. Americans agreed, giving Democrats control of the House a year later.

If tax cuts are no longer political winners, that's a major shift in American politics. McConnell's sentiment reflected the orthodoxy in both parties for more than four decades. Ronald Reagan won the presidency in 1980 by promising to cut taxes, which he didin both 1981 and 1986. The first cut was broadly popular; the second had plurality support. His successor, George H. W. Bush, told voters while campaigning, "Read my lips: no new taxes," and his eventual assent to tax hikes while in office was blamed in part for his 1992 defeat. The next GOP presidenthis son, George W.made popular tax cuts. Democrats Bill Clinton and Barack Obama were careful to back higher income taxes only on the wealthy.


https://www.theatlantic.com/newsletters/archive/2025/07/tax-bill-cuts/683703/?gift=Y4b-QVtwP1iFbBVgbf3hfTzBIwl80TAFCQzPpPWNcFI

My only comment is that it is ridiculous that somebody making $600k a year is paying the same tax rate as Elon Musk. I do not think we should rase rates for majority of people, but once you breach $100 million you should pay a significantly higher rate than the rest of us.

What rate should he pay on profits he hasn't recognized?


60% or higher.

Honestly, I havent put a lot of thought into it, so do not hold me to it.


Clearly


What is your thoughts on it? Should somebody making $1,000,000.00/year be taxed the same as Zuckerberg?


Absolutely the same rate. And I make right at that. Someone making $50k should also pay the same rate as me. Then as people with equal skin in the game can go to the ballot box and decide on the appropriate tax rate and what we should spend our money on. Because we are all paying for it.

Now obviously Zuck at 30% will pay significantly more than me in total just as I will pay more than the guys making $50k.

I can totally accept if Americans vote to pay 50% if we are all paying it. But the majority aren't really paying anything. It is Monopoly money to them.


Yeah, this doesn't seem very realistic to me. I have been poor as hell and fortunate enough to be in the upper tax bracket. 10%, 20%, 30%, etc is not the sa.e at < $100k a year as it is when you make more than $100k.

I pay >$100k in taxes and I am at the tiop bracket, and I think it is ridiculous we are letting people make enough money to start theie own country and they are getting g taxed at the same rate as me.


And what if someone thinks it's ridiculous that you make as much as you claim to make? Somehow it's different for you, I imagine.


Tax me more then. I have more than i ever thought I would have.

You're free, right now, to send them a check.

Raising taxes, on anyone, is ****ing ruhtarded. GUT spending. We do not now, nor ever have had, a "revenue" problem.

Taxation is theft.


Government sucks then? No use for.it? Can I get you to agre to forsake the judicial system if I track you down and rob you at gun point?
BigRobSA
How long do you want to ignore this user?
Francis Macomber said:

BigRobSA said:

Francis Macomber said:

shack009 said:

Francis Macomber said:

Tom Fox said:

Francis Macomber said:

Texas Tea said:

Francis Macomber said:

Loren Visser said:

Francis Macomber said:

Quote:

In theory, the proposition seems foolproof: Everyone hates the taxman and loves to keep their money, so a tax cut must be politically popular.

But Republicans' One Big Beautiful Bill Act has tested the theory and found it wanting. A new Wall Street Journal poll shows that more than half of Americans oppose the law, which cuts taxes for many Americans while reducing government spending. That result is in line with other polling. The data journalist G. Elliott Morris notes that only one major piece of legislation enacted since 1990 was nearly so unpopular: the 2017 tax cuts signed by President Donald Trump.

The response to the 2017 cuts was fascinating. Americans grasped that the wealthy would benefit most from the law, but surveys showed that large swathes of the population incorrectly believed that they would not get a break. "If we can't sell this to the American people then we should be in another line of work," Senate Majority Leader Mitch McConnell said at the time. Americans agreed, giving Democrats control of the House a year later.

If tax cuts are no longer political winners, that's a major shift in American politics. McConnell's sentiment reflected the orthodoxy in both parties for more than four decades. Ronald Reagan won the presidency in 1980 by promising to cut taxes, which he didin both 1981 and 1986. The first cut was broadly popular; the second had plurality support. His successor, George H. W. Bush, told voters while campaigning, "Read my lips: no new taxes," and his eventual assent to tax hikes while in office was blamed in part for his 1992 defeat. The next GOP presidenthis son, George W.made popular tax cuts. Democrats Bill Clinton and Barack Obama were careful to back higher income taxes only on the wealthy.


https://www.theatlantic.com/newsletters/archive/2025/07/tax-bill-cuts/683703/?gift=Y4b-QVtwP1iFbBVgbf3hfTzBIwl80TAFCQzPpPWNcFI

My only comment is that it is ridiculous that somebody making $600k a year is paying the same tax rate as Elon Musk. I do not think we should rase rates for majority of people, but once you breach $100 million you should pay a significantly higher rate than the rest of us.

What rate should he pay on profits he hasn't recognized?


60% or higher.

Honestly, I havent put a lot of thought into it, so do not hold me to it.


Clearly


What is your thoughts on it? Should somebody making $1,000,000.00/year be taxed the same as Zuckerberg?


Absolutely the same rate. And I make right at that. Someone making $50k should also pay the same rate as me. Then as people with equal skin in the game can go to the ballot box and decide on the appropriate tax rate and what we should spend our money on. Because we are all paying for it.

Now obviously Zuck at 30% will pay significantly more than me in total just as I will pay more than the guys making $50k.

I can totally accept if Americans vote to pay 50% if we are all paying it. But the majority aren't really paying anything. It is Monopoly money to them.


Yeah, this doesn't seem very realistic to me. I have been poor as hell and fortunate enough to be in the upper tax bracket. 10%, 20%, 30%, etc is not the sa.e at < $100k a year as it is when you make more than $100k.

I pay >$100k in taxes and I am at the tiop bracket, and I think it is ridiculous we are letting people make enough money to start theie own country and they are getting g taxed at the same rate as me.


And what if someone thinks it's ridiculous that you make as much as you claim to make? Somehow it's different for you, I imagine.


Tax me more then. I have more than i ever thought I would have.

You're free, right now, to send them a check.

Raising taxes, on anyone, is ****ing ruhtarded. GUT spending. We do not now, nor ever have had, a "revenue" problem.

Taxation is theft.


Government sucks then? No use for.it? Can I get you to agre to forsake the judicial system if I track you down and rob you at gun point?

Yes, govt sucks. It's usurped power not given to it, at the federal level and state and local are chock full of tards, too.

And I don't pay income tax in Texas. I do pay sales tax, which is what the city of San Antonio uses to pay for services. But sure...you can try to rob me at gun point. That won't end well for ya, but have fun.
Tom Fox
How long do you want to ignore this user?
Francis Macomber said:

BigRobSA said:

Francis Macomber said:

shack009 said:

Francis Macomber said:

Tom Fox said:

Francis Macomber said:

Texas Tea said:

Francis Macomber said:

Loren Visser said:

Francis Macomber said:

Quote:

In theory, the proposition seems foolproof: Everyone hates the taxman and loves to keep their money, so a tax cut must be politically popular.

But Republicans' One Big Beautiful Bill Act has tested the theory and found it wanting. A new Wall Street Journal poll shows that more than half of Americans oppose the law, which cuts taxes for many Americans while reducing government spending. That result is in line with other polling. The data journalist G. Elliott Morris notes that only one major piece of legislation enacted since 1990 was nearly so unpopular: the 2017 tax cuts signed by President Donald Trump.

The response to the 2017 cuts was fascinating. Americans grasped that the wealthy would benefit most from the law, but surveys showed that large swathes of the population incorrectly believed that they would not get a break. "If we can't sell this to the American people then we should be in another line of work," Senate Majority Leader Mitch McConnell said at the time. Americans agreed, giving Democrats control of the House a year later.

If tax cuts are no longer political winners, that's a major shift in American politics. McConnell's sentiment reflected the orthodoxy in both parties for more than four decades. Ronald Reagan won the presidency in 1980 by promising to cut taxes, which he didin both 1981 and 1986. The first cut was broadly popular; the second had plurality support. His successor, George H. W. Bush, told voters while campaigning, "Read my lips: no new taxes," and his eventual assent to tax hikes while in office was blamed in part for his 1992 defeat. The next GOP presidenthis son, George W.made popular tax cuts. Democrats Bill Clinton and Barack Obama were careful to back higher income taxes only on the wealthy.


https://www.theatlantic.com/newsletters/archive/2025/07/tax-bill-cuts/683703/?gift=Y4b-QVtwP1iFbBVgbf3hfTzBIwl80TAFCQzPpPWNcFI

My only comment is that it is ridiculous that somebody making $600k a year is paying the same tax rate as Elon Musk. I do not think we should rase rates for majority of people, but once you breach $100 million you should pay a significantly higher rate than the rest of us.

What rate should he pay on profits he hasn't recognized?


60% or higher.

Honestly, I havent put a lot of thought into it, so do not hold me to it.


Clearly


What is your thoughts on it? Should somebody making $1,000,000.00/year be taxed the same as Zuckerberg?


Absolutely the same rate. And I make right at that. Someone making $50k should also pay the same rate as me. Then as people with equal skin in the game can go to the ballot box and decide on the appropriate tax rate and what we should spend our money on. Because we are all paying for it.

Now obviously Zuck at 30% will pay significantly more than me in total just as I will pay more than the guys making $50k.

I can totally accept if Americans vote to pay 50% if we are all paying it. But the majority aren't really paying anything. It is Monopoly money to them.


Yeah, this doesn't seem very realistic to me. I have been poor as hell and fortunate enough to be in the upper tax bracket. 10%, 20%, 30%, etc is not the sa.e at < $100k a year as it is when you make more than $100k.

I pay >$100k in taxes and I am at the tiop bracket, and I think it is ridiculous we are letting people make enough money to start theie own country and they are getting g taxed at the same rate as me.


And what if someone thinks it's ridiculous that you make as much as you claim to make? Somehow it's different for you, I imagine.


Tax me more then. I have more than i ever thought I would have.

You're free, right now, to send them a check.

Raising taxes, on anyone, is ****ing ruhtarded. GUT spending. We do not now, nor ever have had, a "revenue" problem.

Taxation is theft.


Government sucks then? No use for.it? Can I get you to agre to forsake the judicial system if I track you down and rob you at gun point?


Why do liberals confuse core government functions like the military, diplomacy, criminal justice, and critical infrastructure with giving handouts to citizens to buy votes?

It is a low IQ argument not grounded in the constitution or our founding principles.
Francis Macomber
How long do you want to ignore this user?
Just to clarify, my threats to rib is only to highlight how.ridiculous the comments about money need for government are. I do not intend to rob anyone
Francis Macomber
How long do you want to ignore this user?
BigRobSA said:

Francis Macomber said:

BigRobSA said:

Francis Macomber said:

shack009 said:

Francis Macomber said:

Tom Fox said:

Francis Macomber said:

Texas Tea said:

Francis Macomber said:

Loren Visser said:

Francis Macomber said:

Quote:

In theory, the proposition seems foolproof: Everyone hates the taxman and loves to keep their money, so a tax cut must be politically popular.

But Republicans' One Big Beautiful Bill Act has tested the theory and found it wanting. A new Wall Street Journal poll shows that more than half of Americans oppose the law, which cuts taxes for many Americans while reducing government spending. That result is in line with other polling. The data journalist G. Elliott Morris notes that only one major piece of legislation enacted since 1990 was nearly so unpopular: the 2017 tax cuts signed by President Donald Trump.

The response to the 2017 cuts was fascinating. Americans grasped that the wealthy would benefit most from the law, but surveys showed that large swathes of the population incorrectly believed that they would not get a break. "If we can't sell this to the American people then we should be in another line of work," Senate Majority Leader Mitch McConnell said at the time. Americans agreed, giving Democrats control of the House a year later.

If tax cuts are no longer political winners, that's a major shift in American politics. McConnell's sentiment reflected the orthodoxy in both parties for more than four decades. Ronald Reagan won the presidency in 1980 by promising to cut taxes, which he didin both 1981 and 1986. The first cut was broadly popular; the second had plurality support. His successor, George H. W. Bush, told voters while campaigning, "Read my lips: no new taxes," and his eventual assent to tax hikes while in office was blamed in part for his 1992 defeat. The next GOP presidenthis son, George W.made popular tax cuts. Democrats Bill Clinton and Barack Obama were careful to back higher income taxes only on the wealthy.


https://www.theatlantic.com/newsletters/archive/2025/07/tax-bill-cuts/683703/?gift=Y4b-QVtwP1iFbBVgbf3hfTzBIwl80TAFCQzPpPWNcFI

My only comment is that it is ridiculous that somebody making $600k a year is paying the same tax rate as Elon Musk. I do not think we should rase rates for majority of people, but once you breach $100 million you should pay a significantly higher rate than the rest of us.

What rate should he pay on profits he hasn't recognized?


60% or higher.

Honestly, I havent put a lot of thought into it, so do not hold me to it.


Clearly


What is your thoughts on it? Should somebody making $1,000,000.00/year be taxed the same as Zuckerberg?


Absolutely the same rate. And I make right at that. Someone making $50k should also pay the same rate as me. Then as people with equal skin in the game can go to the ballot box and decide on the appropriate tax rate and what we should spend our money on. Because we are all paying for it.

Now obviously Zuck at 30% will pay significantly more than me in total just as I will pay more than the guys making $50k.

I can totally accept if Americans vote to pay 50% if we are all paying it. But the majority aren't really paying anything. It is Monopoly money to them.


Yeah, this doesn't seem very realistic to me. I have been poor as hell and fortunate enough to be in the upper tax bracket. 10%, 20%, 30%, etc is not the sa.e at < $100k a year as it is when you make more than $100k.

I pay >$100k in taxes and I am at the tiop bracket, and I think it is ridiculous we are letting people make enough money to start theie own country and they are getting g taxed at the same rate as me.


And what if someone thinks it's ridiculous that you make as much as you claim to make? Somehow it's different for you, I imagine.


Tax me more then. I have more than i ever thought I would have.

You're free, right now, to send them a check.

Raising taxes, on anyone, is ****ing ruhtarded. GUT spending. We do not now, nor ever have had, a "revenue" problem.

Taxation is theft.


Government sucks then? No use for.it? Can I get you to agre to forsake the judicial system if I track you down and rob you at gun point?

Yes, govt sucks. It's usurped power not given to it, at the federal level and state and local are chock full of tards, too.

And I don't pay income tax in Texas. I do pay sales tax, which is what the city of San Antonio uses to pay for services. But sure...you can try to rob me at gun point. That won't end well for ya, but have fun.


Question I asked only said you okay foregoing judicial process if I do rob you. That means I brake into your house and take your $25k in possessions and then ge5 off Scott free. Has nothing to do with whether or not you are locked and loaded, which I know is a fantasy you "indulge" in frequently
.
jt2hunt
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Atlantic is a liberal cesspool
BboroAg
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the most cool guy said:

Exactly nobody who pays taxes is souring on the idea of tax cuts. ****ing morons.


This x1,000,000,000!!
BboroAg
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MemphisAg1 said:

I appreciate Donald Trump's leadership to let me keep more of my hard earned money.

It's not the government's money to give back to me. It is mine, from the moment it was earned to the moment it is spent or invested.

And it damn sure isn't the government's role to redistribute my earnings to other people, especially those who can work but choose to leech off the government instead.


Re-posted just to star it again
91AggieLawyer
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Francis Macomber said:

Quote:

In theory, the proposition seems foolproof: Everyone hates the taxman and loves to keep their money, so a tax cut must be politically popular.

But Republicans' One Big Beautiful Bill Act has tested the theory and found it wanting. A new Wall Street Journal poll shows that more than half of Americans oppose the law, which cuts taxes for many Americans while reducing government spending. That result is in line with other polling. The data journalist G. Elliott Morris notes that only one major piece of legislation enacted since 1990 was nearly so unpopular: the 2017 tax cuts signed by President Donald Trump.

The response to the 2017 cuts was fascinating. Americans grasped that the wealthy would benefit most from the law, but surveys showed that large swathes of the population incorrectly believed that they would not get a break. "If we can't sell this to the American people then we should be in another line of work," Senate Majority Leader Mitch McConnell said at the time. Americans agreed, giving Democrats control of the House a year later.

If tax cuts are no longer political winners, that's a major shift in American politics. McConnell's sentiment reflected the orthodoxy in both parties for more than four decades. Ronald Reagan won the presidency in 1980 by promising to cut taxes, which he didin both 1981 and 1986. The first cut was broadly popular; the second had plurality support. His successor, George H. W. Bush, told voters while campaigning, "Read my lips: no new taxes," and his eventual assent to tax hikes while in office was blamed in part for his 1992 defeat. The next GOP presidenthis son, George W.made popular tax cuts. Democrats Bill Clinton and Barack Obama were careful to back higher income taxes only on the wealthy.


https://www.theatlantic.com/newsletters/archive/2025/07/tax-bill-cuts/683703/?gift=Y4b-QVtwP1iFbBVgbf3hfTzBIwl80TAFCQzPpPWNcFI

My only comment is that it is ridiculous that somebody making $600k a year is paying the same tax rate as Elon Musk. I do not think we should rase rates for majority of people, but once you breach $100 million you should pay a significantly higher rate than the rest of us.


Why? Does Musk or anyone else who makes (or has -- does Musk "make" or just have in his accounts 100 mill) $100 mill get more in government services than anyone else? Do they drive on better roads? Get faster service from the IRS? Get better treatment from the FBI?

NO. They don't. They don't need to pay one dollar more than anyone else; they CERTAINLY don't need to pay a higher percentage.

This isn't church. And even there, you're answerable to God, not others like you.
dermdoc
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Francis Macomber said:

Quote:

In theory, the proposition seems foolproof: Everyone hates the taxman and loves to keep their money, so a tax cut must be politically popular.

But Republicans' One Big Beautiful Bill Act has tested the theory and found it wanting. A new Wall Street Journal poll shows that more than half of Americans oppose the law, which cuts taxes for many Americans while reducing government spending. That result is in line with other polling. The data journalist G. Elliott Morris notes that only one major piece of legislation enacted since 1990 was nearly so unpopular: the 2017 tax cuts signed by President Donald Trump.

The response to the 2017 cuts was fascinating. Americans grasped that the wealthy would benefit most from the law, but surveys showed that large swathes of the population incorrectly believed that they would not get a break. "If we can't sell this to the American people then we should be in another line of work," Senate Majority Leader Mitch McConnell said at the time. Americans agreed, giving Democrats control of the House a year later.

If tax cuts are no longer political winners, that's a major shift in American politics. McConnell's sentiment reflected the orthodoxy in both parties for more than four decades. Ronald Reagan won the presidency in 1980 by promising to cut taxes, which he didin both 1981 and 1986. The first cut was broadly popular; the second had plurality support. His successor, George H. W. Bush, told voters while campaigning, "Read my lips: no new taxes," and his eventual assent to tax hikes while in office was blamed in part for his 1992 defeat. The next GOP presidenthis son, George W.made popular tax cuts. Democrats Bill Clinton and Barack Obama were careful to back higher income taxes only on the wealthy.


https://www.theatlantic.com/newsletters/archive/2025/07/tax-bill-cuts/683703/?gift=Y4b-QVtwP1iFbBVgbf3hfTzBIwl80TAFCQzPpPWNcFI

My only comment is that it is ridiculous that somebody making $600k a year is paying the same tax rate as Elon Musk. I do not think we should rase rates for majority of people, but once you breach $100 million you should pay a significantly higher rate than the rest of us.

Disagree.
dermdoc
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Nitro Power said:

Flat tax rate for everyone or do away with income tax and go to a straight sales tax

Agree. Take away politicians power by using tax rates as a divisive weapon.
Maroon Dawn
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"No trust us guys, people love paying taxes and want to give the government even more of their income to spend so wisely on things that benefit the common man and not just laundered into their own pockets!"
redsquirrelAG
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Irs funds terrorism worldwide meaning all taxpayers all terrorists.
 
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