Record Year?

[PaulS]

Originally Posted by Got Stripers

Wealth moving to the top only makes this situation worse, that too is part of the problem, living expenses for a family today almost require two paychecks unless your in the top percentage.

Yup, prob. need another tax cut for the wealthy and corps. so the rest of us can get drizzled upon.

[Got Stripers]

Originally Posted by PaulS

Yup, prob. need another tax cut for the wealthy and corps. so the rest of us can get drizzled upon.

No sh*t, Jim always asks the easiest questions to answer and when you do (dozens of times) he never accepts the answer. A dozen posts later he will come back with his favorite, why is it none of you can answer my question I’ll wait.

[Jim in CT]

Originally Posted by Got Stripers

No sh*t, Jim always asks the easiest questions to answer and when you do (dozens of times) he never accepts the answer. A dozen posts later he will come back with his favorite, why is it none of you can answer my question I’ll wait.

You and wayne, crying that the wealthy is taking something from the test of us.

How would you stop the wealth gap from increasing? Are you saying you answered that dozens of times? Try zero.

We tried an assault weapons ban. We tried it. It didn't do anything. SO what's your idea?

[wdmso]

Originally Posted by Jim in CT

You and wayne, crying that the wealthy is taking something from the test of us.

How would you stop the wealth gap from increasing? Are you saying you answered that dozens of times? Try zero.

We tried an assault weapons ban. We tried it. It didn't do anything. SO what's your idea?

Former President Donald Trump increased the estate and gift tax exemptions to $11.7 million for individuals and $23.4 million for married couples through the Republicans' 2017 tax overhaul. However, those provisions will sunset after 2025, slashing the thresholds down to about $6 million and $12 million, respectively.

Yep Trump doubled the estate and gift tax.

But if you get lucky in the lottery of life and land an inheritance, you owe no federal tax. That isn’t fair, is it? Extending the federal income tax to include inheritances would end that inequity.

Nearly unencumbered transfers of wealth permitted under current law perpetuate those imbalances, creating dynasties of the rich and hampering economic and social mobility.

As recently as 1976 the estate tax applied to more than 7 percent of all descendants at a top rate of 70 percent. In 2019, however, just 0.07 percent of all descendants will owe any estate tax, a 99 percent decrease. Successive increases in the estate tax exemption over the last political generation have let all but the wealthiest — and those who neglect to consult lawyers and accountants — escape estate tax almost entirely.

The latest increase in the estate tax exemption came in the 2017 Tax Cuts and Jobs Act. It doubled the already generous estate tax exemption from $11.4 million to $22.8 million for couples, a limit that, as under prior law, will rise with inflation. Congress hid much of the long-term revenue loss from the 2017 law by scheduling many provisions, including the estate tax exemption increase, to expire in 2026. It is a good bet, however, that before 2026 rolls around Congress will make the exemption increase permanent.


That’s how the wealth gap increases

[Pete F.]

Originally Posted by Jim in CT

You and wayne, crying that the wealthy is taking something from the test of us.

How would you stop the wealth gap from increasing? Are you saying you answered that dozens of times? Try zero.

We tried an assault weapons ban. We tried it. It didn't do anything. SO what's your idea?

Clinton had a ban on Assault weapons.
It was never ruled unconstitutional.

In 2004 Bush let it lapse and mass shootings went up 239%.

It doesn’t take a genius to figure out guns are our problem.

As far as wealth gap and redistribution, let’s just make it so small business is more attractive than corporatism.
As I’ve said many times, I’ve seen the change in the American middle class from locally owned to big corporations.
The money is vacuumed out of communities and almost nothing is returned.
Tell me the great advantage of corporatism.
Posted from my iPhone/Mobile device

[Got Stripers]

Originally Posted by Pete F.

Clinton had a ban on Assault weapons.
It was never ruled unconstitutional.

In 2004 Bush let it lapse and mass shootings went up 239%.

It doesn’t take a genius to figure out guns are our problem.

As far as wealth gap and redistribution, let’s just make it so small business is more attractive than corporatism.
As I’ve said many times, I’ve seen the change in the American middle class from locally owned to big corporations.
The money is vacuumed out of communities and almost nothing is returned.
Tell me the great advantage of corporatism.
Posted from my iPhone/Mobile device

What do you mean nothing is returned, weren’t those big tax breaks going to result in trickle down good for all. Jim will explain it to you hold on.

[Jim in CT]

Originally Posted by Got Stripers

What do you mean nothing is returned, weren’t those big tax breaks going to result in trickle down good for all. Jim will explain it to you hold on.

middle moss
got sold out when manufacturing went to
china, you get no argument from me there.

For all its flaws, our capitalism has lifted way more people out of poverty than any other system on the planet. if that’s wrong, please correct me, and tell us which system
provides more economic upward mobility?

all of you guys, long on insults, very short of facts and solutions.

f liberalism is the answer to welcome inequality, one world think that the bluest states would have tackled income
inequality. I live in the deep blue state of CT, which is nora to ally ground zero for i come inequality. Avon next to Hartford. Bridgeport next to Fairfield?

and the biggest corporations now give most money to democrats. so who’s in bed with them?

[Jim in CT]

Originally Posted by Pete F.

Clinton had a ban on Assault weapons.
It was never ruled unconstitutional.

In 2004 Bush let it lapse and mass shootings went up 239%.

It doesn’t take a genius to figure out guns are our problem.

As far as wealth gap and redistribution, let’s just make it so small business is more attractive than corporatism.
As I’ve said many times, I’ve seen the change in the American middle class from locally owned to big corporations.
The money is vacuumed out of communities and almost nothing is returned.
Tell me the great advantage of corporatism.
Posted from my iPhone/Mobile device

i never said it was unconstitutional. hearing voices again. I said it didn’t work. so they let it expire.

Any prospective gun ban that doesn’t take away the existing inventory of guns out there, can’t possibly have any practical effect.there are hundreds of millions of guns out there.

Go get a refill of your schizophrenia meds. might help with those voices that torment you.

[Jim in CT]

Originally Posted by Pete F.

Clinton had a ban on Assault weapons.
It was never ruled unconstitutional.

In 2004 Bush let it lapse and mass shootings went up 239%.

It doesn’t take a genius to figure out guns are our problem.

As far as wealth gap and redistribution, let’s just make it so small business is more attractive than corporatism.
As I’ve said many times, I’ve seen the change in the American middle class from locally owned to big corporations.
The money is vacuumed out of communities and almost nothing is returned.
Tell me the great advantage of corporatism.
Posted from my iPhone/Mobile device

the sunset provision in the federal assault weapons ban, said that congress could extend it. congress chose not to.

Naturally you blame Bush.

pete, why not stop lying?

obama had a fillibuster proof
majority of democrats in his first senate for a time. and he didn’t do anything on the issue.

But those sadistic republicans.