Free Money

billvon said:
It's an equation that lets you set a tax rate that gets as much money, and is progressive as you want, by just changing three variables. No fretting over where to set which tax bracket; that does it all for you.

Of course the math itself is the easy part.

It's very easy in theory. Just set expenditures equal to taxation.

It is very hard in practice, since so many Americans are innumerate, and want more social services and less taxes, and believe politicians when they say their party will do that for them while reducing the deficit.

Yep.
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Parts made in China could be assembled in the states, or parts made in the states could be assembled in China. These new manufacturing facilities could be utilized to help us pay down our deficit and add new jobs to American workers and would help increase economic security for both The United States and China. It would likewise help secure or relations with. Automotives isn't the only industry this can be accomplished with, but it is one of them. Taxes are only a small fraction of the solution to dealing with our deficit.

I once made brake hoses for Toyota, which were later shipped to assembly lines in other states. We also made other parts for Toyota. There's a lot of parts to an automobile, which equates to a lot of job positions ...
 
billvon said:
And today that would be very similar. Few people would pay 91% - but those few would provide billions.
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Or we could just cancel Biden's student loan forgiveness program and save $400 billion and not have to have a tax rate that simply causes people to avoid qualifying for that rate.
 
Seattle said:
Or we could just cancel Biden's student loan forgiveness program and save $400 billion and not have to have a tax rate that simply causes people to avoid qualifying for that rate.
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Sure. Or cancel the F-35 program (and the follow-ons) and save ten times that over the next 30 years. Lots of things to cut - but everyone wants someone else's ox gored.
 
billvon said:
Sure. Or cancel the F-35 program (and the follow-ons) and save ten times that over the next 30 years. Lots of things to cut - but everyone wants someone else's ox gored.
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It would be fine with me to cut both of those programs. If you're OK with it, I'm fine taxing your top rate at 95% though.:)
 
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