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Biden to introduce $1.9 trillion Stimulus tonight

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Comments

  • GreenRiverGatorz
    GreenRiverGatorz Member Posts: 10,168
    thechatch said:

    They could just cut everyone's taxes so you know, we weren't just giving them money that in very little ways provide you or I any tangible benefit.

    Cut taxes? Biden is gong to raise taxes on anyone or any corporation making over $400,000, which included LLC’s that employ others and never makes that much profit in a year. Between the shutdown and new taxes, Biden is deliberately destroying the middle-class and small business LLCs. Yet retards here applaud it, as followers do.
    That 400K line is not the actual truth. Dig into the details. My best bud is a tax accountant. Most people are going to pay more in taxes...
    Well that's just false by any definition of the word "most". Most people don't make over $400k or own a C-corp. Go ahead and read the details yourself. And this isn't fucking medicine, you don't need a tax accountant to explain this shit.

    https://taxfoundation.org/joe-biden-tax-plan-2020/#Details
    The sound byte is "If you make 400K or less you won't pay more in taxes. He's intending to not change the tax rates for people who make under 400K. He's intending to heap on massive changes to people who make over 400K. There is a lot more to how much tax you pay than your tax rate in the tax table. These high level articles don't tell the whole story.

    Also keep an eye on Social Security Tax'able income caps...

    So again, "most people" won't pay more in taxes. If you want to argue that people making more than $400k will pay more, well, yeah, that's pretty fucking obvious. Go ahead and argue the merits, just don't lie when doing so.
    I thought we were just going to tax the wealthy more? Someone explain to me how a person making 400k a year supporting a family in any major coastal city is rich.
    I don't think they are that rich for the exact point you raise about COL. $400k is way too low of a benchmark.
  • GreenRiverGatorz
    GreenRiverGatorz Member Posts: 10,168

    They could just cut everyone's taxes so you know, we weren't just giving them money that in very little ways provide you or I any tangible benefit.

    Cut taxes? Biden is gong to raise taxes on anyone or any corporation making over $400,000, which included LLC’s that employ others and never makes that much profit in a year. Between the shutdown and new taxes, Biden is deliberately destroying the middle-class and small business LLCs. Yet retards here applaud it, as followers do.
    That 400K line is not the actual truth. Dig into the details. My best bud is a tax accountant. Most people are going to pay more in taxes...
    Well that's just false by any definition of the word "most". Most people don't make over $400k or own a C-corp. Go ahead and read the details yourself. And this isn't fucking medicine, you don't need a tax accountant to explain this shit.

    https://taxfoundation.org/joe-biden-tax-plan-2020/#Details
    Even the dumbest of the dumb understand the trickle down effect of raising taxes. Everyone will pay more for everything they consume. It is a regressive tax and unavoidable when rats decide that in order to FEEL GOOD they need to take money away from those who work the hardest to earn it. Feelings trump any fact in the rat world
    Okay!
  • HuskyJW
    HuskyJW Member, Swaye's Wigwam Posts: 15,429 Founders Club
    edited January 2021
    You mean to tell me US taxpayers are going to get more of their own money back? My God. That heartless bastard.
  • RaceBannon
    RaceBannon Member, Moderator, Swaye's Wigwam Posts: 115,527 Founders Club
    Biden dick suckers out in force
  • Bob_C
    Bob_C Member, Swaye's Wigwam Posts: 13,257 Founders Club

    They could just cut everyone's taxes so you know, we weren't just giving them money that in very little ways provide you or I any tangible benefit.

    Cut taxes? Biden is gong to raise taxes on anyone or any corporation making over $400,000, which included LLC’s that employ others and never makes that much profit in a year. Between the shutdown and new taxes, Biden is deliberately destroying the middle-class and small business LLCs. Yet retards here applaud it, as followers do.
    That 400K line is not the actual truth. Dig into the details. My best bud is a tax accountant. Most people are going to pay more in taxes...
    Well that's just false by any definition of the word "most". Most people don't make over $400k or own a C-corp. Go ahead and read the details yourself. And this isn't fucking medicine, you don't need a tax accountant to explain this shit.

    https://taxfoundation.org/joe-biden-tax-plan-2020/#Details
    The sound byte is "If you make 400K or less you won't pay more in taxes. He's intending to not change the tax rates for people who make under 400K. He's intending to heap on massive changes to people who make over 400K. There is a lot more to how much tax you pay than your tax rate in the tax table. These high level articles don't tell the whole story.

    Also keep an eye on Social Security Tax'able income caps...

    Exactly. He’ll keep the basic rate tables the same but pile all all sorts of deduction things, ss caps etc, and still be able to claim he didn’t raise taxes for the under $400k crowd.
  • alumni94
    alumni94 Member Posts: 4,878
    I need to find the article, but since he will raise the corporate tax rate, everyone that gets a paycheck will lose at least 1-2% on their paycheck.


  • Fire_Marshall_Bill
    Fire_Marshall_Bill Member Posts: 26,125 Standard Supporter
    Why is he introducing anything pre 1/21?
  • doogie
    doogie Member Posts: 15,072

    thechatch said:

    They could just cut everyone's taxes so you know, we weren't just giving them money that in very little ways provide you or I any tangible benefit.

    Cut taxes? Biden is gong to raise taxes on anyone or any corporation making over $400,000, which included LLC’s that employ others and never makes that much profit in a year. Between the shutdown and new taxes, Biden is deliberately destroying the middle-class and small business LLCs. Yet retards here applaud it, as followers do.
    That 400K line is not the actual truth. Dig into the details. My best bud is a tax accountant. Most people are going to pay more in taxes...
    Well that's just false by any definition of the word "most". Most people don't make over $400k or own a C-corp. Go ahead and read the details yourself. And this isn't fucking medicine, you don't need a tax accountant to explain this shit.

    https://taxfoundation.org/joe-biden-tax-plan-2020/#Details
    The sound byte is "If you make 400K or less you won't pay more in taxes. He's intending to not change the tax rates for people who make under 400K. He's intending to heap on massive changes to people who make over 400K. There is a lot more to how much tax you pay than your tax rate in the tax table. These high level articles don't tell the whole story.

    Also keep an eye on Social Security Tax'able income caps...

    So again, "most people" won't pay more in taxes. If you want to argue that people making more than $400k will pay more, well, yeah, that's pretty fucking obvious. Go ahead and argue the merits, just don't lie when doing so.
    I thought we were just going to tax the wealthy more? Someone explain to me how a person making 400k a year supporting a family in any major coastal city is rich.
    I don't think they are that rich for the exact point you raise about COL. $400k is way too low of a benchmark.
    Buckle up buttercup
  • GreenRiverGatorz
    GreenRiverGatorz Member Posts: 10,168
    Bob_C said:

    They could just cut everyone's taxes so you know, we weren't just giving them money that in very little ways provide you or I any tangible benefit.

    Cut taxes? Biden is gong to raise taxes on anyone or any corporation making over $400,000, which included LLC’s that employ others and never makes that much profit in a year. Between the shutdown and new taxes, Biden is deliberately destroying the middle-class and small business LLCs. Yet retards here applaud it, as followers do.
    That 400K line is not the actual truth. Dig into the details. My best bud is a tax accountant. Most people are going to pay more in taxes...
    Well that's just false by any definition of the word "most". Most people don't make over $400k or own a C-corp. Go ahead and read the details yourself. And this isn't fucking medicine, you don't need a tax accountant to explain this shit.

    https://taxfoundation.org/joe-biden-tax-plan-2020/#Details
    The sound byte is "If you make 400K or less you won't pay more in taxes. He's intending to not change the tax rates for people who make under 400K. He's intending to heap on massive changes to people who make over 400K. There is a lot more to how much tax you pay than your tax rate in the tax table. These high level articles don't tell the whole story.

    Also keep an eye on Social Security Tax'able income caps...

    Exactly. He’ll keep the basic rate tables the same but pile all all sorts of deduction things, ss caps etc, and still be able to claim he didn’t raise taxes for the under $400k crowd.
    The amount of tax illiteracy here is hysterical. Or maybe it's just regular illiteracy, since the articles linked in this thread clearly spell out that any "deduction things or SS caps" won't change for any taxpayer under the $400k threshold.

    @thechatch is the only here actually making a coherent economic argument about the downstream impacts of the tax plan. The rest of you shitdicks can't even be bothered to understand what the fucking tax plan is to begin with.