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re: Biden reportedly planning first major tax hike since 1993

Posted on 3/15/21 at 12:28 pm to
Posted by TDTOM
Member since Jan 2021
15049 posts
Posted on 3/15/21 at 12:28 pm to
quote:

The planned changes include: raising the corporate tax rate to 28% from 21%,


This will do wonders for the economy.
Posted by FLBooGoTigs1
Nocatee, FL.
Member since Jan 2008
54795 posts
Posted on 3/15/21 at 12:28 pm to
only meant for individuals who make over $400,000 a year! 


If you don't think this will affect the working middle class making under 400,000 then you are full of shite. Look at the recent stimulus the Democrats have already lowered(single making over 75/yr) it to keep the welfare people happy and cut it out for the middle class that probably could have used it during these times.
This post was edited on 3/15/21 at 12:31 pm
Posted by LegendInMyMind
Member since Apr 2019
55089 posts
Posted on 3/15/21 at 12:28 pm to
quote:

the corporate tax rate to 28% from 21%,

Good grief.
Posted by ccomeaux
LA
Member since Jan 2010
8184 posts
Posted on 3/15/21 at 12:28 pm to
Biden isn't planning on anything with a longer horizon than 2pm .... Democrats on the other hand ...
Posted by Colonel Angus
Member since Aug 2007
1653 posts
Posted on 3/15/21 at 12:29 pm to
This is how they are incorporating reparations "silently" without causing backlash from conservatives. They fund it quietly through tax hikes and call it something else. Just watch....you will not hear the term reparations anymore from liberals or the media. They will parse the language to something more innocuous.
Posted by shawnlsu
Member since Nov 2011
23682 posts
Posted on 3/15/21 at 12:29 pm to
quote:

We must crush the producer class who already funds the country


quote:

the corporate tax rate to 28% from 21%,

I'll just raise my prices 10+%. What else can you do?
This post was edited on 3/15/21 at 12:31 pm
Posted by LegendInMyMind
Member since Apr 2019
55089 posts
Posted on 3/15/21 at 12:29 pm to
quote:

This will do wonders for the economy.

It is certainly a move away from trying bring manufacturing back to this country.
Posted by TDTOM
Member since Jan 2021
15049 posts
Posted on 3/15/21 at 12:29 pm to
quote:

raising the income tax rate on individuals earning more than $400,000.



You mean the ones that employ those making under $400k? Bold strategy.
Posted by HempHead
Big Sky Country
Member since Mar 2011
55522 posts
Posted on 3/15/21 at 12:31 pm to
quote:

It is certainly a move away from trying bring manufacturing back to this country.



Gotta be carbon neutral brah. Can't do that if you make shite.
Posted by LSUBoo
Knoxville, TN
Member since Mar 2006
101931 posts
Posted on 3/15/21 at 12:32 pm to
quote:

quote:

raising the income tax rate on individuals earning more than $400,000



OT fricked


It's a good thing I specifically requested my salary be capped at $350k.
Posted by oleheat
Sportsman's Paradise
Member since Mar 2007
13542 posts
Posted on 3/15/21 at 12:32 pm to
Well of course. The Dims have trained their voters to believe taxation is "Patriotic".




Shout Out to those who voted for him:
Posted by mmmmmbeeer
ATL
Member since Nov 2014
7461 posts
Posted on 3/15/21 at 12:33 pm to
That corporate rate dropped dramatically under Trump and, despite CEO surveys indicating an impressive amount of that savings would trickle down to employees and domestic production/relocation, it never materialized. frick them. Go back to taxing them the way they were (which was higher than 28%).

I think the $400k threshold is too low for increases but really need to see the details to better evaluate (at least it's not the $250k Obama pushed). The wealth gap in this country is problematic, to say the least, but can be somewhat mitigated by a reevaluation of taxation on the very top earners (aka, no one on the OT).
Posted by tigerinthebueche
Member since Oct 2010
36791 posts
Posted on 3/15/21 at 12:34 pm to
quote:

raising the income tax rate on individuals earning more than $400,000.


Lol that only those earning $400K+ will be affected. It’s gonna be spread on everyone except poverty stricken parasites.

Grab your cheeks and spread them wide. Your a-hole is about to get shredded.
Posted by Tiger Ryno
#WoF
Member since Feb 2007
103246 posts
Posted on 3/15/21 at 12:34 pm to
They know with unlimited mail in ballots they are no longer accountable to their constituents.
Posted by LegendInMyMind
Member since Apr 2019
55089 posts
Posted on 3/15/21 at 12:34 pm to
This is for all the stupid "muh free gubment money!" people. Yet, they will see that $400,000 figure and think it doesn't impact them. They will see the corporate tax rate hike and think it doesn't impact them.

Since the first "Covid Stimulus" package I have asked how much that little bit of money would really cost us. Well, here's the start.
Posted by Jim Rockford
Member since May 2011
98447 posts
Posted on 3/15/21 at 12:35 pm to
quote:

raising the income tax rate on individuals earning more than $400,000



OT fricked


S's chauffeur will be irate
Posted by tigerinthebueche
Member since Oct 2010
36791 posts
Posted on 3/15/21 at 12:35 pm to
quote:

That corporate rate dropped dramatically under Trump and, despite CEO surveys indicating an impressive amount of that savings would trickle down to employees and domestic production/relocation, it never materialized. frick them. Go back to taxing them the way they were (which was higher than 28%).


Typical socialist drivel.
Posted by LegendInMyMind
Member since Apr 2019
55089 posts
Posted on 3/15/21 at 12:37 pm to
quote:

that savings would trickle down to employees and domestic production/relocation

How do you think it was supposed to trickle down? Have you been under a fricking rock and not noticed the amount of industry and jobs that have come to many areas? Have you not seen the building and development going on? Get the frick outta here with that shite.
Posted by FLBooGoTigs1
Nocatee, FL.
Member since Jan 2008
54795 posts
Posted on 3/15/21 at 12:38 pm to
Paul Allen will take it in stride.
Posted by TDTOM
Member since Jan 2021
15049 posts
Posted on 3/15/21 at 12:38 pm to
He is a retard and should not even be acknowledged.
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