(03-30-2025, 12:13 PM)mikesez Wrote: The way to decrease the deficit is to close the tax loopholes.
The Republicans are lying when they say it can be done by cutting little nickel and dime grants. That won't work, because the things Republicans are cutting are just too small. The Democrats are lying when they say can be done by increasing top marginal rates. That won't work because only professional athletes are really paying those top marginal rates, everybody else is hiding their earnings as other things.
The loopholes are the big deal.
Close the carried interest loophole,  and start collecting capital gains tax on any asset used as collateral on a loan (tax the change in value between when it was purchased and when the lender assessed it). There are other similar loopholes to close.

So you don't want the nickle and dime stuff cut? what an attitude, just keep on wasting...lol

Yes tax the rich. LOL the top 50% of earners pay about 97.5% of the taxes. The Dems have run on this forever. I remember Clinton actually doing this. He got a law passed that said only 1 million dollars of executive compensation could be deducted as a business expense. Sound quite aggressive until you realize the law excluded free stock. So his donors just switched the compensation contracts. Next time you hear a Dem saying this know they are assuming you are too uneducated to realize the scam. Smoke and mirrors guys. Actually the Republican's idea of no tax on tips and none on SSI is refreshing that actually has an impact. 

interesting chart here. This is the reason Trump floated no taxes for those earning under $150,000 a year. 
https://usafacts.org/articles/who-pays-t...ncome-tax/

Clinton also fired about 350,000 federal employees. I didn't see any judges speaking out then.

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