No one making less than $400,000 a year would see their taxes go up under the plan. Instead, Ms. Harris is seeking to significantly raise taxes on the wealthiest Americans and large corporations. Congress has previously rejected many of these tax ideas, even when Democrats controlled both chambers.

  • Gloria@sh.itjust.works
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    2 months ago

    Year Top Marginal Tax Rate Congress President

    1980 70.00% 🟦 Jimmy Carter

    1981 69.13% (🟦🟥) Ronald Reagan

    1982 50.00% (🟦🟥) Ronald Reagan

    1983 50.00% (🟦🟥) Ronald Reagan

    1984 50.00% (🟦🟥) Ronald Reagan

    1985 50.00% (🟦🟥) Ronald Reagan

    1986 50.00% (🟦🟥) Ronald Reagan

    1987 38.50% 🟦 Ronald Reagan

    1988 28.00% 🟦 Ronald Reagan

    1989 28.00% 🟦 George H.W. Bush

    1990 28.00% 🟦 George H.W. Bush

    1991 31.00% 🟦 George H.W. Bush

    1992 31.00% 🟦 George H.W. Bush

    1993 39.60% 🟦 Bill Clinton

    1994 39.60% 🟦 Bill Clinton

    1995 39.60% 🟥 Bill Clinton

    1996 39.60% 🟥 Bill Clinton

    1997 39.60% 🟥 Bill Clinton

    1998 39.60% 🟥 Bill Clinton

    1999 39.60% 🟥 Bill Clinton

    2000 39.60% 🟥 Bill Clinton

    2001 39.10% 🟥 George W. Bush

    2002 38.60% 🟥 George W. Bush

    2003 35.00% 🟥 George W. Bush

    2004 35.00% 🟥 George W. Bush

    2005 35.00% 🟥 George W. Bush

    2006 35.00% 🟥 George W. Bush

    2007 35.00% 🟦 George W. Bush

    2008 35.00% 🟦 George W. Bush

    2009 35.00% 🟦 Barack Obama

    2010 35.00% 🟦 Barack Obama

    2011 35.00% (🟦🟥) Barack Obama

    2012 35.00% (🟦🟥) Barack Obama

    2013 39.60% (🟦🟥) Barack Obama

    2014 39.60% (🟦🟥) Barack Obama

    2015 39.60% 🟥 Barack Obama

    2016 39.60% 🟥 Barack Obama

    2017 39.60% 🟥 Donald Trump

    2018 37.00% 🟥 Donald Trump

    2019 37.00% (🟦🟥) Donald Trump

    2020 37.00% (🟦🟥) Donald Trump

    2021 37.00% (🟦🟥) Joe Biden

    2022 37.00% (🟦🟥) Joe Biden

    2023 37.00% (🟦🟥) Joe Biden

    KEY [Congressional Control: Democrat🟦 Republican🟥 Split(🟦🟥)] [President: Republican Democrat]

    shamelessly copied from a reddit comment - sue me

      • BrokenGlepnir@lemmy.world
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        2 months ago

        He’s responsible for killing America. All our major economic problems caused by reinstating the policies that caused the great depression , and we’re surprised? No, we’re brain washed into believing that a gilded age to great depression cycle is good.

        • CaliforniaSober@lemmy.ca
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          Yup Reagan is a totally grade A Asshole. He sucks and is responsible for lots of conservative shit.

          But this grade one BS isn’t helping other than confuse his role in all that.

          • MerchantsOfMisery
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            2 months ago

            As long as a person knows what top marginal tax rate is, this isn’t particularly confusing and I think it’s pretty shitty of you to be so critical while doing to provide what you think is better formatted data.

            • CaliforniaSober@lemmy.ca
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              Oh yea! Just have everyone calculate the top marginal tax rate!

              Why don’t the children just format data?

              As long as you keep moving goalposts then why not have the test of us do it as well?

              • MerchantsOfMisery
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                2 months ago

                What are you talking about? No calculations are necessary, just an understanding of what top marginal tax rate is and how it’s lowering correlates to Americans getting poorer.

                What’s your deal? Lemmy is so exhausting with all the little wannabe Mean Girls weirdos like you being so snobby.

                • CaliforniaSober@lemmy.ca
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                  2 months ago

                  The fact that you make it a factor…

                  You are the one making this a deal maker, then turning around and acting like,it’s weird.

        • CaliforniaSober@lemmy.ca
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          2 months ago

          The visuals are confusing. It makes Reagan looks good despite him being completely awful. Sorry it didn’t come through

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    2 months ago

    People really want to believe that her plan is terrible and would make regular people like them suffer more and pay more and it would destroy the middle class and aren’t we suffering enough! When it’s clearly only increased taxes for the very wealthy. It’s like their bias against democrats takes away reading comprehension.

  • K1nsey6
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    2 months ago

    would see their taxes go up under the plan

    That’s still a problem, we need our taxes to go down.

    • mozz@mbin.grits.dev
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      2 months ago

      How to tell someone’s politics are bullshit:

      1. Their big priority is taxes going down
      2. They blame immigrants for things
      3. They hate “regulation”

      How do you feel about 2 and 3?

      • K1nsey6
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        2 months ago

        Do you not agree your taxes this last year were too high? Is that the level you want them frozen at?

        • mozz@mbin.grits.dev
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          2 months ago

          Dude they’re going to put me in prison for being a Democrat and shut down the elections in the future, they’re trying to deport all the Mexicans, everyone is fine with all of Palestine being exterminated (or close enough to “fine” not to stop it). The planet is dying, the oceans are boiling. A lot of places people used to live are literally killing the inhabitants now. All of Florida is so dangerous to housing that it’s functionally uninsurable.

          So no, I don’t give a shit about my taxes, or yours. It’s also relevant that Biden / Harris have been making some attempt at income equality so that the rich will pay more than 0% tax and people will start to make more than 8 bucks an hour and rent will be less than half my income. But honestly, even those are sort of second tier concerns. As far as things I put genuine worry into, taxes don’t even come on the fucking radar, and if they do yours, I want your life.

          • K1nsey6
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            The only thing they’re attempting is to stay in power. They don’t give a flying fuck about immigrants, Palestine, the planet, the oceans, Their primary concern is staying in power and it doesn’t matter if it’s the red fascist or the blue fascists. The outcome is the same. They all take money from the same corporations, from the same bankers, from the same lobbyists. for the same outcome.

            • mozz@mbin.grits.dev
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              it doesn’t matter if it’s the red fascist or the blue fascists

              Ah haaaaaa

              All of a sudden your totally bizarre take on what is important makes sense

              Carry on

              For future reference, I think the “lowering taxes is a SUPER important goal” stuff should be separated from the “I am SO far left that I can’t tell the difference between literal Nazis and insufficiently progressive centrists” stuff. It’s incongruous in a very weird way, and taxes are just not an issue that will get a lot of traction on Lemmy. Focus on Gaza instead.

              • K1nsey6
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                2 months ago

                And to answer your other 2 points, there are no immigrants/illegals on stolen land. and there should be no corporations so regulation wouldnt be needed.

                • mozz@mbin.grits.dev
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                  2 months ago

                  Dude you can’t walk it back from “I make $400k a year, taxes are my chief concern” to abolishing corporations and saying you’re a communist now

                  I can send you my cash app if you want to do some “from each according to his ability” tho

      • K1nsey6
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        2 months ago

        I do, and this last year every tax bracket except the rich saw a tax increase. Under this tax proposal it would keep Trump’s tax margin in place but wouldn’t go up. It needs to come back down to pre2017 levels.

        • CatsGoMOW@lemmy.world
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          2 months ago

          Congratulations! Your income is higher than 99%+ of people in the country, and you (and the people who make obscene amounts more than even you a year) should be paying more in taxes.

        • Apathy Tree@lemmy.dbzer0.com
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          You, umm… might wanna think about not talking while us vast-majority-of-the-working-class are discussing how we are going to eat the rich… just a thought. I know people in your tax bracket, and they are all wildly out of touch with society, just like you appear to be. The most I can make in my area, degreed and with skills and all, is 40k, literally 10x lower than what you make. And you have the absolute audacity to complain.

          So… like… Nobody cares about your “struggle”. At all. Literally nobody ever. You are part of the problem as far as most people are concerned. And you probably actually are part of the problem to be whining like this, anyway.

          • K1nsey6
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            Sure, the communist is so out of touch with society.

            • Apathy Tree@lemmy.dbzer0.com
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              2 months ago

              Fucking lol, yeah right homie, I’m unconvinced and all my comrades will be similarly.

              I’m an actual anarcho-communist, and nothing you’ve said makes me think you have even the slightest idea what communism even is.

              • K1nsey6
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                2 months ago

                Im gonna wager Ive been an active communist longer than youve been alive

                • Apathy Tree@lemmy.dbzer0.com
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                  I’m gunna wager you’re a lying sack of shit and aren’t a communist at all. See, only one of us can be right, and it isn’t you :)

                  If you are a commie, prove it. Nothing you’ve said so far (and I’m not going to dig through your post history; I have standards.) leads a person to believe you… so make me believe you.

          • K1nsey6
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            I’m not missing that at anything, If you’ll notice, I advocated lower taxes for people that had their taxes raised these last few years.

    • xmunk@sh.itjust.works
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      Strong disagree… it’s a problem because we need our taxes to go up so that we can actually fund public services without going into deeper debt. I’m cool with everyone under 80k not seeing a tax increase but the rest of us are paying unrealistically low taxes.

      • Apathy Tree@lemmy.dbzer0.com
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        2 months ago

        I’d like to see people making 50k and under pay 0 in tax, but still get tax breaks in the form of refunds, and have those who make 400k+ and businesses make up the entirety of the lack. (Assuming we can’t do UBI for whatever conservative bullshit reason)

        It’s much easier to do that way than the way we are doing it now with taking from people who have next to nothing to spare…

      • K1nsey6
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        2 months ago

        Federal taxes do not fuel government spending.

    • TransplantedSconie@lemm.ee
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      2 months ago

      Way to miss the forest for the trees. Though you probably figured no one should bother to read the article:

      The expiring measures included a broader standard deduction, lower marginal income rates for many Americans, and a generous deduction for owners of many closely-held businesses. The White House tax plan states that Americans making less than $400,000 should not see tax increases in a deal. That means that Ms. Harris wants to extend much of the Tax Cuts and Jobs Act, her Republican rival’s signature legislative accomplishment.

    • Maven (famous)@lemmy.zip
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      2 months ago

      If we stopped spending extreme amounts on military operations unrelated to the US then we would be able to lower our taxes easily.

      We also subsidize a lot of healthcare insurance companies so moving towards universal healthcare would ALSO lower our taxes Source

      (Here’s a yale study showing that it would save Americans $450 Billion per year: Yale study)

      Personally, I’m in favor of doing both of those but keeping our taxes exactly the same so we can use the extra money to either repay the national debt or fund a robust social services system that would give us significantly better living conditions overall (such as free lunches for kids in school and easy government assistance on housing).

      • K1nsey6
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        2 months ago

        Keeping taxes the same wouldnt result in repaying the debt, Or impacting social service system that will lead to better living conditions. It will still go into pockets of capitalists.