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re: Here are the massive tax increases coming your way in a second Biden term

Posted on 4/17/24 at 11:31 am to
Posted by Taxing Authority
Houston
Member since Feb 2010
57452 posts
Posted on 4/17/24 at 11:31 am to
quote:

We gonna have to increase revenue to pay off the debt.
Nope. If you took every dollar of income earned above $1 million, it wouldn’t even balance the current budget, muchless retire any debt. While you could triple rates on the middle class and pickup a lot more revenue… it’s politically suicide.

quote:

If you want a balanced budget the answer can't be less revenue
Only cutting entitlements will work.
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