Biden's new taxes on whites

[BOP]

Y'all have heard about the new tax proposals, but it's worse than you thought it was.

50 Cent LASHES OUT At Biden's INSANE 'Anti White' Tax Increase Amid DISASTEROUS Economic Report​

50 Cent has been a vocal critic of Joe Biden for some time, and a new bid by the sitting president certainly isn’t swaying his opinion. President Biden has proposed raising capital gains rates by 44.6% for those with a taxable income north of $1 million and investment earnings over $400,000.

 

[BOP]

To me, it's a disincentive on the middle class to invest, but no such thing for the rich and the very wealthy. Because they've ALREADY figured out how to get around it, and won't have to pay it.

 

[glhs837]

To me, it's a disincentive on the middle class to invest, but no such thing for the rich and the very wealthy. Because they've ALREADY figured out how to get around it, and won't have to pay it.

So, do I get a reimbursement when my stock plummets in value?

 

[SamSpade]

He has made it absolutely clear that he intends to let the current Trump tax cuts expire.

MY taxes will go up almost 2000 - and I am most certainly NOT rich.

So screw him and his treasury secretary, they are flat out lying.

 

[glhs837]

He has made it absolutely clear that he intends to let the current Trump tax cuts expire.

MY taxes will go up almost 2000 - and I am most certainly NOT rich.

So screw him and his treasury secretary, they are flat out lying.

Which is hilarious, because they spent three year excoriating him for the very fact that they could expire. Like the dumbass Rs who screamed that they were gonna fix Obamacare then crashed and burned, the Ds have had three years to make these permanent.

 

[Hijinx]

Elections have consequences. Vote for democrats and vote for more taxes.

Why would anyone invest if the Government is going to take all of the gains.?

All of these tax increases are panic driven because Biden and the Congress (the Uniparty) are passing out money like it's water over a dam.
We are paying higher prices for Russian fuel while supplying money for Ukraine to fight them,.in effect we are supporting both sides.

 

[HemiHauler]

Not the least bit concerned as it will never happen, not in a million years. It’s illegal and unconstitutional. It’s akin to a federal tax on money in the bank, my vintage Rolex collection, or a farmer’s land. Never happen.

Nothing more than election year fodder.

Don’t care if the fat guy’s income tax cuts expire. They were designed to and need to. Income tax needs to increase — for EVERYONE. And spending needs to decrease on EVERYTHING.

 

[glhs837]

Not the least bit concerned as it will never happen, not in a million years. It’s illegal and unconstitutional. It’s akin to a federal tax on money in the bank, my vintage Rolex collection, or a farmer’s land. Never happen.

Nothing more than election year fodder.

Don’t care if the fat guy’s income tax cuts expire. They were designed to and need to. Income tax needs to increase — for EVERYONE. And spending needs to decrease on EVERYTHING.

Id even be okay paying more if each increase in taxes was accompanied by a matching or higher decrease in needless spending.

 

[Kyle]

Id even be okay paying more if each increase in taxes was accompanied by a matching or higher decrease in needless spending.

It would take a meteor strike on the capital building to reduce spending.

 

[HemiHauler]

Id even be okay paying more if each increase in taxes was accompanied by a matching or higher decrease in needless spending.

Especially when the current economic trajectory is on a path straight for stagflation. The central planners at the central bank only have a few levers. Congress needs to start cutting — and hard.

Likely won’t happen, but at least we can plan and prepare.

 

[TPD]

It would take a meteor strike on the capital building to reduce spending.

I doubt it because Congress would pass a $33 trillion build back bigger and better bill.