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"Fiscal conservatives" my ass lmao

"Fiscal conservatives" my ass lmao | DECREASING THE DEFICIT; INCREASING THE DEFICIT | image tagged in two button choices democrat vs republican | made w/ Imgflip meme maker
122 views 2 upvotes Made by JoeBrandon 2 years ago in politics
Two Button Choices (Democrat vs. Republican) memeCaption this Meme
25 Comments
2 ups, 2y,
1 reply
usdebtclock.com

I dare you to watch the amount of money WE THE PEOPLE are in debt grow like crazy.

It will not end well.
0 ups, 2y,
1 reply
Weird how it's only Democrats who reduce the rate at which our debt increases, and it always increases under Republicans.
1 up, 2y
The last time there was no budget deficit was when Republican Speaker of the House Newt Gingrich forced the issue to balance the budget, much like Republican Speaker of the House Kevin McCarthy is doing now to reduce the deficit.
Constitutionally, Federal spending is primarily controlled by the House of Representatives. Unfortunately the process of creating spending bills and raising the debt ceiling lacks personal accountability of the House, Senate and President.
I find your statement to be an ignorant and incorrect mischaracterization.
2 ups, 2y,
2 replies
image tagged in taliban's new 83b democrat arsenal | made w/ Imgflip meme maker
1 up, 2y
they probably have very little of that leftover since they don't have the replacement parts or knowhow to maintain it lol
1 up, 2y,
2 replies
also its funny that your response to Democrats being the ones to lower the deficit is a 3 year old meme about the Afghanistan pullout, that Trump kicked down the road to the next like his predecessors, despite promising to do it himself.
[deleted]
2 ups, 2y,
1 reply
How do you pay for it all? Take your time. Where does this magical money come from? How will you decrease the debt when you spend more and fund programs that don’t even go to American citizens? Now, people with good credit will need to pay more on mortgages to offset people who’d rather use their money to buy weed than pay their bills?
1 up, 2y,
1 reply
with taxes on the rich, that's why the deficit is going down, lol
[deleted]
0 ups, 2y,
1 reply
You realize the wealthy already pay 1/2 of their income to federal and state taxes, right? The rich already pay way more than their proportionate share.
0 ups, 2y,
3 replies
In theory yes in practice no, there are plenty of loopholes that allow them to pay less in taxes than the lowest earners.
1 up, 2y,
1 reply
Ask your progressive/Marxist tax the rich idols Bernie Sanders (who owns thre houses) or Nancy Pelosi (who made mega millions trading stocks of companies affected by legislation she was involved with) what their effective tax rate on their investment/business income was.
Go read the book “Rich Dad, Poor Dad” by Robert T. Kiyosaki. It is the best financial education you will ever get for under $20 on Amazon. I dare you!
0 ups, 2y,
1 reply
tbh I stopped reading at Marxist because I knew the comment was left by a brainlet
1 up, 2y,
1 reply
The truth hurts that much?
0 ups, 2y,
1 reply
stay mad boomer
0 ups, 2y,
1 reply
https://www.breitbart.com/politics/2023/04/27/house-republicans-debt-limit-bill-passage-forces-awol-biden-to-negotiate-spending-cuts/

Don’t stay ignorant.
0 ups, 2y
"Don't stay ignorant check out this link from Breitbart" lmaoooooooo
[deleted]
0 ups, 2y,
1 reply
Really? What are these loopholes that allow us to pay less than minimum wage earners? I’m one of the “them” you think uses loopholes. Tell me how I can pay a less effective tax rate than the lowest earners. Please. Pretty please. Tell me how. I’ll be forever indebted to you. Federal is easy to calculate, I’m also in California so there’s my filing requirements. Help me!!!
0 ups, 2y,
1 reply
Keeping your finances in offshore accounts, deductions, lying on your property values to pay less in property tax. This chart doesn't come from nowhere: https://static01.nyt.com/images/2019/10/04/us/tax-trump-wealth-promo-1570228395029/tax-trump-wealth-promo-1570228395029-videoSixteenByNineJumbo1600.png
[deleted]
0 ups, 2y,
1 reply
Property values are based off of the county assessor and have nothing g to do with what’s reported. It goes off of the recorded grant deed. Deductions are allowed and auditable, and offshore accounts still show ACH, or the transfer of money leaving America and can be traced by the IRS, CID and the US attorney’s office to still hold you responsible. Three strikes and you’re out.
0 ups, 2y
The IRS barely ever audits the super rich. Trump is currently in a lawsuit about him lying about his property values to evade taxes: https://www.ndtv.com/world-news/donald-trump-incredible-fraud-trump-his-children-accused-of-lying-on-assets-values-3366445

The chart doesn't come from nowhere, the US tax system and the IRS are far from perfect. Whatever excuse you want to make, they aren't paying the taxes they're supposed to and there's nothing wrong with new laws making them pay their fair share.
0 ups, 2y,
1 reply
So you want to tax the rich until there are no rich no more? Then what?
Most of those loopholes apply to business income and are designed to encourage employment and investment of capital to stimulate the economy. Anyone can use the capital gains tax “loophole”, not just the “rich”.
[deleted]
1 up, 2y,
1 reply
Cap gains taxes are a government scam. Taxing you on money that you’ve already paid taxes on is criminal.
0 ups, 2y
It’s not criminal if the government does it; at least that’s what they say. Also estate tax.
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DECREASING THE DEFICIT; INCREASING THE DEFICIT