The Dazzler Challenge

President Biden's Fiscal Year 2024 Budget has proposed a series of major tax increases, totaling nearly $4.7 trillion, aimed at businesses and high-income individuals. These proposals include higher marginal tax rates on corporate, individual, and capital gains income; a new minimum tax on high-net-worth individuals; and increases to Medicare taxes. Several tax credits would also be expanded or created, offsetting the gross taxes by about $900 billion and resulting in a net tax increase of $3.8 trillion. After factoring in $1 trillion of additional new spending, the FY2024 Budget would reduce the deficit by $2.8 trillion over the next decade.

The proposed tax increases would move the United States' top tax rates far beyond international norms, potentially reducing competitiveness and economic growth. For example, the top combined marginal rate on individual income would rise to 45.4%, the top rate on capital gains income would increase to 49.8%, and the top rate on corporate income would grow to 32.2%. The combined integrated rate on corporate income would rise to an astonishing 66.0%.


These tax increases would place added pressure on combined top tax rates at the state and local levels. For instance, Biden's FY 2024 Budget would result in combined top marginal rates exceeding 50% in five states and D.C.: New York (54.4%), Oregon (53.5%), California (52.9%), New Jersey (51.4%), Hawaii (50.6%), and D.C. (50.4%). Marginal rates would also surpass 50% in New York City (54.4%).




So much for the Liar in Chief claiming no one making under 400K will have taxes raised. They lose tax cuts under this and of course pay the increased corporate taxes and all the other bullshit

H may like to be lied to but it seems like a serious character flaw to me

HHusky said:

WestlinnDuck said:

46XiJCAB said:

Dazzler would pay more if the IRS just said pretty please.

Nope. The dazzler says he ain't going to voluntarily pay his fair share. The IRS will have to say pay up or go to jail. Then he will pay his fair share.

People advocating higher taxes are not advocating that only their own taxes go up.

This "you could just pay more voluntarily" argument is for morons. I see you're predictably on board with it, Gasbag.

Pay up or shut up bitch

HHusky said:

RaceBannon said:

HHusky said:

WestlinnDuck said:

46XiJCAB said:

Dazzler would pay more if the IRS just said pretty please.

Nope. The dazzler says he ain't going to voluntarily pay his fair share. The IRS will have to say pay up or go to jail. Then he will pay his fair share.

People advocating higher taxes are not advocating that only their own taxes go up.

This "you could just pay more voluntarily" argument is for morons. I see you're predictably on board with it, Gasbag.

Pay up or shut up bitch

Don't worry Gladys, HH has paid lots of taxes.

You're welcome.

Fuck off Lia

HHusky said:

RaceBannon said:

President Biden's Fiscal Year 2024 Budget has proposed a series of major tax increases, totaling nearly $4.7 trillion, aimed at businesses and high-income individuals. These proposals include higher marginal tax rates on corporate, individual, and capital gains income; a new minimum tax on high-net-worth individuals; and increases to Medicare taxes. Several tax credits would also be expanded or created, offsetting the gross taxes by about $900 billion and resulting in a net tax increase of $3.8 trillion. After factoring in $1 trillion of additional new spending, the FY2024 Budget would reduce the deficit by $2.8 trillion over the next decade.

The proposed tax increases would move the United States' top tax rates far beyond international norms, potentially reducing competitiveness and economic growth. For example, the top combined marginal rate on individual income would rise to 45.4%, the top rate on capital gains income would increase to 49.8%, and the top rate on corporate income would grow to 32.2%. The combined integrated rate on corporate income would rise to an astonishing 66.0%.


These tax increases would place added pressure on combined top tax rates at the state and local levels. For instance, Biden's FY 2024 Budget would result in combined top marginal rates exceeding 50% in five states and D.C.: New York (54.4%), Oregon (53.5%), California (52.9%), New Jersey (51.4%), Hawaii (50.6%), and D.C. (50.4%). Marginal rates would also surpass 50% in New York City (54.4%).

http://twitter.com/YALiberty/status/1639016671443820544?s=20

So much for the Liar in Chief claiming no one making under 400K will have taxes raised. They lose tax cuts under this and of course pay the increased corporate taxes and all the other bullshit

H may like to be lied to but it seems like a serious character flaw to me

Oh man! I remember my making under $400K days.

Liars support liars. Film at 11

No one believes you