Biden Proposes Largest Tax Hike Since Lyndon Johnson's Reign In 1968

[BluesLegend]

Explain that from your point of view

The rich have options. The 'rich' don't have to stand there and take the tax increase up the ass. They can park their money in tax shielded tax deferred lower tax rate investments. But if the 'rich' do that their money won't create any jobs or wealth for the rest of us. That's why the income tax brackets were lowered in the first place, to encourage the 'rich' to take risks with their money to benefit all.

Now if government is going to jack up taxes, effectively taking all the profits then the 'rich' have zero incentive, they may as well put the money somewhere else.

Beyond that, jacking up the price of goods they produce to cover the tax increase, who pays that? Lower wages, who takes the hit on that? Layoffs and so on. Its the poor and working class that actually pays.

When I hear these dumb asses cheering tax increases on the 'rich' it's painful, I know who will pay in the end.

 

[Viktor]

The rich have options. The 'rich' don't have to stand there and take the tax increase up the ass. They can park their money in tax shielded tax deferred lower tax rate investments. But if the 'rich' do that their money won't create any jobs or wealth for the rest of us. That's why the income tax brackets were lowered in the first place, to encourage the 'rich' to take risks with their money to benefit all.

Now if government is going to jack up taxes, effectively taking all the profits then the 'rich' have zero incentive, they may as well put the money somewhere else.

Beyond that, jacking up the price of goods they produce to cover the tax increase, who pays that? Lower wages, who takes the hit on that? Layoffs and so on. Its the poor and working class that actually pays.

When I hear these dumb asses cheering tax increases on the 'rich' it's painful, I know who will pay in the end.

Tax shelters are available to all Americans. I am not rich and I have 2 of them.

 

[whitehall]

Corporate America already employs long time tax experts who are in the business of deciphering the tax code to give their clients the biggest tax break. It's a freaking given that they aren't going to pay a dime more than they ever paid even in the administration of some doddering old fool. The question is who the hell is going to pick up the slack? The short answer is that small businesses and mom and pop stores that barely get by in a good year will have to face armed IRS agents.

 

[Billiejeens]

The rich have options. The 'rich' don't have to stand there and take the tax increase up the ass. They can park their money in tax shielded tax deferred lower tax rate investments. But if the 'rich' do that their money won't create any jobs or wealth for the rest of us. That's why the income tax brackets were lowered in the first place, to encourage the 'rich' to take risks with their money to benefit all.

Now if government is going to jack up taxes, effectively taking all the profits then the 'rich' have zero incentive, they may as well put the money somewhere else.

Beyond that, jacking up the price of goods they produce to cover the tax increase, who pays that? Lower wages, who takes the hit on that? Layoffs and so on. Its the poor and working class that actually pays.

When I hear these dumb asses cheering tax increases on the 'rich' it's painful, I know who will pay in the end.

Agreed
I just wanted someone else's view

 

[Rust_Cohle]

First off, MAGAT, it's "FAGGOT"
I'd think given your time in restrooms you'd know that but, stupid is.
70's? BWAHAHAHAHAHAHAHA
I'm certainly old enough to be your Dado asswipe.
And certainly smarter than you'd ever hope to be.
Which is CLEARLY demonstrated by that obviously drunk last sentence.

View attachment 788719

Folks, this is what being owned by the Dado looks like.

I know what it is dumbass its called a play on your words FAGAT MORON

LOL please keep showing your lack of wit and intelligence

And I don't drink

Must suck to be stupid, wrong and a homo

You

 

[struth]

xiden’s war on the working class goes on

 

[struth]

Well, it has the added benefit of being the truth.

ha your party can’t define what a woman is and you expect us to believe you know what “truth” means?

 

[easyt65]

Well ... we all saw it coming. Socialism can't pay for itself. It has to come out of the pockets of the Working Class. Socialism is a blood-sucking ideology. It MUST be propped up by unwilling participants. So, in an already fragile economy, we can expect tougher times ahead If the Pedophile In Chief gets his way.

Biden’s Proposed Tax Increases Would Be Largest Since LBJ’s in 1968​

KEY TAKEAWAYS​

Biden’s proposed tax hike could amount to as much as a $2 trillion tax increase, the largest increase since 1968.
High corporate taxes hurt workers. As much as 100% of the tax cost is passed on to workers in the form of lower wages.
Raising the capital gains rate much higher than it already is could decrease—rather than increase—tax revenues.

Biden’s Proposed Tax Increases Would Be Largest Since LBJ’s in 1968

Faithful to his campaign promises, President Joe Biden is eyeing steep tax hikes, but despite the claim that the tax increases will hit only the wealthy, they have the potential to slow the pandemic recovery for every American and make workers less competitive. Biden’s proposed tax hike could...

www.heritage.org

All part of his / Democrats' agenda of destroying the middle class and remaking the US into a Socialist Authoritarian nation.

The country wil not be able to come back from the damage and destruction Biden and Democrats inflict.

 

[ActionJackson]

All part of his / Democrats' agenda of destroying the middle class and remaking the US into a Socialist Authoritarian nation.

The country wil not be able to come back from the damage and destruction Biden and Democrats inflict.

Just like his Commie boss, Obama, admitted that his goal was to “fundamentally change America.” America was “fundamentally” a Constitutional Republic, but Bama's goal was to wipe the slate clean and change America to a “fundamentally” Socialist nation. He did much to accomplish his goal and his puppet, Biden, is hammering more nails into the coffin.

 

[ScorpioRising007]

Well ... we all saw it coming. Socialism can't pay for itself. It has to come out of the pockets of the Working Class. Socialism is a blood-sucking ideology. It MUST be propped up by unwilling participants. So, in an already fragile economy, we can expect tougher times ahead If the Pedophile In Chief gets his way.

Biden’s Proposed Tax Increases Would Be Largest Since LBJ’s in 1968​

KEY TAKEAWAYS​

Biden’s proposed tax hike could amount to as much as a $2 trillion tax increase, the largest increase since 1968.
High corporate taxes hurt workers. As much as 100% of the tax cost is passed on to workers in the form of lower wages.
Raising the capital gains rate much higher than it already is could decrease—rather than increase—tax revenues.

Biden’s Proposed Tax Increases Would Be Largest Since LBJ’s in 1968

Faithful to his campaign promises, President Joe Biden is eyeing steep tax hikes, but despite the claim that the tax increases will hit only the wealthy, they have the potential to slow the pandemic recovery for every American and make workers less competitive. Biden’s proposed tax hike could...

www.heritage.org

I am happy he is taxing the rich actually. More socialism and more taxes on the rich to pay for it is just what this country needs. It is time to put an end to capitalism.

 

[ActionJackson]

I am happy he is taxing the rich actually. More socialism and more taxes on the rich to pay for it is just what this country needs. It is time to put an end to capitalism.

The rich never actually pay much in taxes. They make up for their loss by raising the prices of goods and either laying off employees or reducing wages or reducing benefits. A hike in taxes ALWAYS results in the burden landing in the laps of the working, middle class.

 

[surada]

Well ... we all saw it coming. Socialism can't pay for itself. It has to come out of the pockets of the Working Class. Socialism is a blood-sucking ideology. It MUST be propped up by unwilling participants. So, in an already fragile economy, we can expect tougher times ahead If the Pedophile In Chief gets his way.

Biden’s Proposed Tax Increases Would Be Largest Since LBJ’s in 1968​

KEY TAKEAWAYS​

Biden’s proposed tax hike could amount to as much as a $2 trillion tax increase, the largest increase since 1968.
High corporate taxes hurt workers. As much as 100% of the tax cost is passed on to workers in the form of lower wages.
Raising the capital gains rate much higher than it already is could decrease—rather than increase—tax revenues.

Biden’s Proposed Tax Increases Would Be Largest Since LBJ’s in 1968

Faithful to his campaign promises, President Joe Biden is eyeing steep tax hikes, but despite the claim that the tax increases will hit only the wealthy, they have the potential to slow the pandemic recovery for every American and make workers less competitive. Biden’s proposed tax hike could...

www.heritage.org

We have a lot of infrastructure that needs repair or replacement.

 

[BoostedHayabusa]

Interest rates on a mortgage now at 6.7% as of checking this morning

Pay cash.
Biden and the tax plan are good for America. This is how a healthy economy is supposed to operate.

 

[easyt65]

Pay cash.
Biden and the tax plan are good for America. This is how a healthy economy is supposed to operate.

It would be better if the Bidens paid taxes on the millions they got from China, Russia, Romania, Ukraine, Burisma, etc .

 

[ScorpioRising007]

The rich never actually pay much in taxes. They make up for their loss by raising the prices of goods and either laying off employees or reducing wages or reducing benefits. A hike in taxes ALWAYS results in the burden landing in the laps of the working, middle class.

Nah I don't believe it. I think it is just a clever phrase the rich use to mind control the masses so they will put up with the capitalistic regime and be used like pawns by the rich. We need to really tax the living snot out of the rich in my opinion.

 

[ActionJackson]

We have a lot of infrastructure that needs repair or replacement.

I guess we shouldn't have sent all those billions to Ukraine then!

 

[ActionJackson]

Nah I don't believe it. I think it is just a clever phrase the rich use to mind control the masses so they will put up with the capitalistic regime and be used like pawns by the rich. We need to really tax the living snot out of the rich in my opinion.

Tell me the name of a multibillionaire who got poorer when taxes were raised!

 

[surada]

I guess we shouldn't have sent all those billions to Ukraine then!

Are you a fan of Putin like Trump?

 

[ActionJackson]

Are you a fan of Putin like Trump?

That's a huge jump from the topic.

1) Biden announces a tax hike.
2) Surada says we need that money for infrastructure improvements.
3) I say that we could have used the multi-billions sent to Ukraine to help our infrastructure.
4) Surada asks if I'm a fan of Putin.

That's how the mind of a left-wing cultist works.

 

[easyt65]

'The rich should pay their fair share.'

What a great divisive 'class warfare' statement spewed by old, millionaire, elitist socialists who never pay their fair share - like the Bidens who don't report their ill-gotten wealth.

Biden stressed his new army of IRS agents going after middle / lower class income, money not usually reported ... like waiters' and waitress' tips, going after money made by average people selling things on E-Bay, Amazon, money made from yard sales, etc...

....while his son was trying to cheat his child out of child support by refusing to report all of his money, while the Biden 12 were creating 20 shell companies involving 12 banks to launder millions they had no intention of reporting or paying taxes on.