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Message
Biden reportedly planning first major tax hike since 1993
Posted on 3/15/21 at 12:12 pm
Posted on 3/15/21 at 12:12 pm
LINKED ARTICLE
President Biden is reportedly planning to include the first major tax hike in close to 30 years in the next economic spending bill set to follow his $1.9 trillion coronavirus relief package.
The next spending initiative — which is expected to be even bigger, costing as much as $4 trillion — won't rely on just government debt as a funding source and could include an increase in both the corporate tax rate and the individual rate for high-income earners.
The planned changes include: raising the corporate tax rate to 28% from 21%, raising the income tax rate on individuals earning more than $400,000.
President Biden is reportedly planning to include the first major tax hike in close to 30 years in the next economic spending bill set to follow his $1.9 trillion coronavirus relief package.
The next spending initiative — which is expected to be even bigger, costing as much as $4 trillion — won't rely on just government debt as a funding source and could include an increase in both the corporate tax rate and the individual rate for high-income earners.
The planned changes include: raising the corporate tax rate to 28% from 21%, raising the income tax rate on individuals earning more than $400,000.
62
Posted on 3/15/21 at 12:13 pm to texasmason
SHOCKER
Posted on 3/15/21 at 12:13 pm to texasmason
quote:
raising the income tax rate on individuals earning more than $400,000
OT fricked
Posted on 3/15/21 at 12:14 pm to texasmason
Yes
We must crush the producer class who already funds the country
We must crush the producer class who already funds the country
Posted on 3/15/21 at 12:14 pm to texasmason
where else will they get money from to rebuild America that was destroyed in the summer?
Posted on 3/15/21 at 12:16 pm to texasmason
quote:
The planned changes include: raising the corporate tax rate to 28% from 21%, raising the income tax rate on individuals earning more than $400,000.
Include, but not limited to...
Posted on 3/15/21 at 12:17 pm to texasmason
There is no way a Democrat raises taxes! FAKE NEWS
Posted on 3/15/21 at 12:17 pm to BrockLee
quote:
where else will they get money from to rebuild America that was destroyed in the summer?
Stop sending money to Pakistan for gender studies programs?
Posted on 3/15/21 at 12:18 pm to texasmason
It's about time the rich paid their fair share!
Posted on 3/15/21 at 12:18 pm to Pettifogger
And let's keep those stimulus checks and government assistance going for the poors and lazy asses. Joe Biden's Merica 
Posted on 3/15/21 at 12:18 pm to texasmason
Ahh yes. Myself as a middle-class citizen cant wait to fund these tax hikes that are only meant for individuals who make over $400,000 a year! 
Posted on 3/15/21 at 12:20 pm to Norbert
quote:
SHOCKER
awesome! take away all of the deductions and raise taxes
Posted on 3/15/21 at 12:21 pm to texasmason
Crawfish prices are going to be insane.
This post was edited on 3/15/21 at 12:21 pm
Posted on 3/15/21 at 12:23 pm to Centinel
quote:They’re not rich by being stupid. They’re going to be passing those costs on to us.
It's about time the rich paid their fair share!
Posted on 3/15/21 at 12:24 pm to texasmason
Money has to come from somewhere...
Posted on 3/15/21 at 12:26 pm to Scooba
i planted a money tree 
Posted on 3/15/21 at 12:26 pm to texasmason
Well, he's giving out money like it's candy. Who didn't know this was coming.
Elections have consequences.
Elections have consequences.
Posted on 3/15/21 at 12:26 pm to Scooba
quote:
Money has to come from somewhere...
Or you can cut back on spending like a rational responsible person would do
Posted on 3/15/21 at 12:27 pm to texasmason
I sent this to a rich liberal I know whose income is over $400,000. His response was “my taxes won’t go up because of all the write offs I’m able to use to bring my income below $400,000”.
Oh the irony there
Oh the irony there
Posted on 3/15/21 at 12:27 pm to Scooba
quote:
Money has to come from somewhere...
It'll come from the rich. The rich don't pay any taxes, and it's about time they pay their fair share.
Thankfully we have a strong and articulate President who has many years of experience in the business world who will make sure that happens.
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