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[–] praguepride 2 points 15 points (+17|-2) ago 

read his ten point plan. he plans to raise the money by closing tax loopholes that let billionaires siphon money tax free to off shore holdings. he has very explicitly outlined a detailed plan that wouldnt impsct 99% of Murica while still raising tens of billions.

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[–] FoolyCooly 2 points 2 points (+4|-2) ago 

Taxing investors more ultimately leads to less income tax revenue.

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[–] tedw 2 points 5 points (+7|-2) ago 

That's one opinion. Another opinion is that closing tax loopholes leads to more tax revenue.

[–] [deleted] 0 points 4 points (+4|-0) ago 

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[–] praguepride ago 

That has only been the case because our tax code is swiss cheese. We keep raising taxes but to appease big donors we embed secret loopholes and backdoors so that companies like Bank of America can not only pay 0 taxes but get nearly $2 billion in "tax refunds" even after they net over $10 billion.

So we raise taxes more and the companies and people who SHOULD be paying their share continue to not only pay $0 but still claim millions or billions in tax refunds because of how shitty our tax code is.

We don't need new taxes, we don't need higher taxes. We just need to fix the taxes currently in place so they actually do what they're supposed to do instead of providing cash payouts to billionaires.

[–] [deleted] ago 

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