Think your bills are high now? All the tax hikes hitting Americans on January 1 revealed

[JGalt]

Republicans, Not Biden, Are About to Raise Your Taxes​

President Trump built in tax increases beginning in 2021, for nearly everyone but those at the very top.

The Trump administration has a dirty little secret: It’s not just planning to increase taxes on most Americans. The increase has already been signed, sealed and delivered, buried in the pages of the 2017 Tax Cuts and Jobs Act.

President Trump and his congressional allies hoodwinked us. The law they passed initially lowered taxes for most Americans, but it built in automatic, stepped tax increases every two years that begin in 2021 and that by 2027 would affect nearly everyone but people at the top of the economic hierarchy. All taxpayer income groups with incomes of $75,000 and under — that’s about 65 percent of taxpayers — will face a higher tax rate in 2027 than in 2019.

For most, in fact, it’s a delayed tax increase dressed up as a tax cut. How many times have you heard Trump and his allies mention that? They surmised — correctly, so far — that if they waited to add the tax increases until after the 2020 election, few of the people most affected were likely to remember who was responsible.

Looking at the analyses of the nonpartisan Congressional Budget Office and the Joint Committee on Taxation at the time the December 2017 tax bill was enacted, we see very clearly how different income groups are affected by the Trump tax plan. And it’s disturbing.

The current poverty line for a family of four is $26,200: People with incomes between $10,000 and $30,000 — nearly one-quarter of Americans — are among those scheduled to pay a higher average tax rate in 2021 than in years before the tax “cut” was passed. The C.B.O. and Joint Committee estimated that those with an income of $20,000 to $30,000 would owe an extra $365 next year — these are people who are struggling just to pay rent and put food on the table.

You gobbled that propaganda down like a big stiff dick, din't ya boy?

 

[JGalt]

Not only that, wait until the new 80,000+ IRS storm troopers are unleashed on American citizens. And don't believe for a minute they will only target "the rich". How many times have we heard that BS?

They won't target the rich. All those old retired people who sold something on Ebay or the Facebook marketplace and took a payment through Paypal or Venmo, are going to get hit with a tax bill this April.

 

[Admiral Rockwell Tory]

You won't get any argument out of me on this one. Zero idea why we just can't raise the taxes on the corporations and people who can most afford it.
Nope, always got to go back to the well and the largest group of people to leverage more money out of. I don't have any idea how to change that.

Idiot. Corporations just raise prices to. pay their taxes. You pay the tax in higher costs.

 

[Admiral Rockwell Tory]

Does anyone want to tell JGalt or should we let the thread go on for a while before exposing him as a complete fool?

Tell him what? He knows you are a moron.

 

[MarathonMike]

They won't target the rich. All those old retired people who sold something on Ebay or the Facebook marketplace and took a payment through Paypal or Venmo, are going to get hit with a tax bill this April.

How stupid can Democrat supporters be? They've been getting fukked over for decades and they just keep coming back for more, especially the poor ones. Unbelievable!

 

[Indeependent]

Dems increasing the burdens on what's left of the middle class is what they are all about.....They should rename it The Misery Party.

Actually, The Totalitarian Party.

 

[JGalt]

Tell him what? He knows you are a moron.

He's a verifiable moron, and with notarized pedigree papers to prove it.

 

[Muhammed]

The Trump administration has a dirty little secret: It’s not just planning to increase taxes on most Americans. The increase has already been signed, sealed and delivered, buried in the pages of the 2017 Tax Cuts and Jobs Act.​

And of course you cannot cite the clause that says that.


You're full of shit.

 

[miketx]

Thanks to scumbag biden.



$6.5 Billion Natural Gas Tax Which Will Increase Household Energy Bills
$1.2 Billion Coal Tax Which Will Increase Household Energy Bills
$74 Billion Stock Tax Which Will Hit Your Nest Egg — 401(k)s, IRAs and Pension Plans
$225 Billion Corporate Income Tax Hike Which Will Be Passed on to Households

Zerohedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

 

[sparky]

well all that stimulus hadda come from somewhere Mike.......~S~

 

[Baron Von Murderpaws]

And where's ALL of OUR money going?????

TO THE FUCKING UKRAINE TO GET LAUNDERED INTO THEIR PRIVATE OVERSEAS BANK ACCOUNTS!!!

 

[struth]

Xiden’s war on the working class wages on

 

[Baron Von Murderpaws]

I make a dollar more an hour at my new job than I did my last job.
And I bring home LESS MONEY!

Paycheck taxes went up to 22% from 19% since Brainless Butthead Beijing Biden was installed in the now shitstained White House!!!!

 

[miketx]

only in retards minds---nobody in their right minds would elect a pedophile

The jab is killing off biden voters, thankfully.

 

[SweetSue92]

Our leaders hate this country, and they hate us

 

[miketx]

Oh my. They should merge this with JGalt's thread. I forgot he made one.

 

[Baron Von Murderpaws]

DudleySmith

PROVE ME WRONG!!!!
YOU CAN'T!!!!

 

[DudleySmith]

No worries as long as billionaires still get their tax shelters and corporate welfare. If you're wealthy enough you can still buy into pools that buy big tracts of worthless land and then agree not to develop it and get write 0ff four times what you paid for it, so I don't see why REpublciams are complaining, it's still just the little people paying more, same as under Saint Ronald Of Reagan's great Presidency. All kinds of tax cuts for corporations are still multiplying. Just ask Elon Musk.

 

[Votto]

Thanks to scumbag biden.



$6.5 Billion Natural Gas Tax Which Will Increase Household Energy Bills
$1.2 Billion Coal Tax Which Will Increase Household Energy Bills
$74 Billion Stock Tax Which Will Hit Your Nest Egg — 401(k)s, IRAs and Pension Plans
$225 Billion Corporate Income Tax Hike Which Will Be Passed on to Households

Zerohedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

This is what Biden got us for Christmas, but what did we get him?

 

[Votto]

No worries as long as billionaires still get their tax shelters and corporate welfare. If you're wealthy enough you can still buy into pools that buy big tracts of worthless land and then agree not to develop it and get write four times what you paid for it, so I don't see why REpublciams are complaining, it's still just the little people paying more, same as under Saint Ronald Of Reagan's great Presidency. All kinds of tax cuts for corporations are still multiplying. Just ask Elon Musk.

Your Republicans just signed on with your democrats for another insane spending bill while your corporate elite cheer them on.