Biden* now proposes a huge tax hike in his FY23 budget. A few of the new tax rates being proposed:
1. An increase in the corporate tax rate from 21 %t to 28 %
2. Taxing unrealized capital gains at death
3. Raising the top tax rate on capital gains and dividends from 20 % to 39.6 %
4. Proposes a novel and complex tax increase on the unrealized capital gains of high-net worth individuals
5. Proposes a cluster of novel and complex tax increases on U.S. multinational companies attempting to do business abroad

If this is passed with no changes, a recession is coming in 2023. Here is the breakdown: https://taxfoundation.org/biden-budget-tax/

Elections have consequences and illegal illegals have serious consequences.

TOLERATE THE IMMINENT TAX HIKE, AMERICA.

LET'S GO BRANDON!!

The giant sucking sound you will hear will be investment--and growth, and jobs--leaving the USA en masse.

Not bragging... but id be willing to bet I paid more in taxes this year than some people on this board even made. It's insane to think they want more.

Sent from my SM-N975U using Tapatalk

(04-23-2022 10:05 AM)maximus Wrote:  Not bragging... but id be willing to bet I paid more in taxes this year than some people on this board even made. It's insane to think they want more.

Sent from my SM-N975U using Tapatalk

Yea, 2021 was harsh for me too. Did a little cashing out knowing the bottom is going to fall out and rates will keep going up.

(04-23-2022 10:05 AM)maximus Wrote:  Not bragging... but id be willing to bet I paid more in taxes this year than some people on this board even made. It's insane to think they want more.

Sent from my SM-N975U using Tapatalk

Can you also pay my taxes since you are a bastion of wealth?

TBH, the economy is most likely to crash by the end of the year anyway. Unsustainable price increases every month and the Fed just sits on its hands watching. 8.5% is a joke compared to price increases I'm battling let alone national backorder slips everyday. One of vendors told me they one part number with an excess of over 50,000 backorders. So, add a tax hike is par for the course for this inept incompetent Administration.

Democrats =

1. Hate Americans
2. Hate anyone who has worked hard to attain wealth.
3. Lack morals and decency
4. Inept and Incompetent leadership
5. Natural born liars who love chaos
6. Brain wash Americans with their Regressive Religion
7. Believe Americans want their agenda more than they didn't want Trump
8. Main goal is to destroy the American middle class as in California and NY and make an en masse of poor and starving folks ie Venezuela
9. Focus solely on Social Justice issues while the rest of the country decays


Can't paint the picture any clearer than that

Taxing “Unrealized” gains is unconstitutional

(04-23-2022 10:22 AM)BlueDragon Wrote:  

(04-23-2022 10:05 AM)maximus Wrote:  Not bragging... but id be willing to bet I paid more in taxes this year than some people on this board even made. It's insane to think they want more.

Sent from my SM-N975U using Tapatalk

Can you also pay my taxes since you are a bastion of wealth?

He already pays the taxes for those on here I suspect he is referring to.

(04-23-2022 10:22 AM)BlueDragon Wrote:  

(04-23-2022 10:05 AM)maximus Wrote:  Not bragging... but id be willing to bet I paid more in taxes this year than some people on this board even made. It's insane to think they want more.

Sent from my SM-N975U using Tapatalk

Can you also pay my taxes since you are a bastion of wealth?

I have 4 kids, 3 of which are girls so I wouldn't consider myself wealthy lol

Sent from my SM-N975U using Tapatalk

(04-23-2022 10:29 AM)WalkThePlank Wrote:  Taxing “Unrealized” gains is unconstitutional

The counterpunch here is to go full Italian in how they deal with taxes.

Another huge lie by the progressives. This will further separate the middle class from the ruling class. As a matter of fact, those Biden referred to as “not paying one more cent in taxes” will be slammed with damn near this whole abomination.

Not on the op. Love yah mean it

Most "No shite thread title of the year" Award

(04-23-2022 10:29 AM)WalkThePlank Wrote:  Taxing “Unrealized” gains is unconstitutional

Doubling the tax rate overnight on Cap gains and dividends (read what fixed income retirees often rely on) should be unconstitutional as well.

Do I need to ask the obvious, yet again?

“No one making less than 400k a year will see a penny in new taxes”.

Could it be possible (and probable) that this assclown goes down as not only the most incompetent, inept President* of all time, but also the most hated?

I think this would clearly do it. He’d be polling in the 20s if that.

(04-23-2022 10:47 AM)maximus Wrote:  

(04-23-2022 10:22 AM)BlueDragon Wrote:  [quote='maximus' pid='18206724' dateline='1650726340']
Not bragging... but id be willing to bet I paid more in taxes this year than some people on this board even made. It's insane to think they want more.

Sent from my SM-N975U using Tapatalk

Can you also pay my taxes since you are a bastion of wealth?

I have 4 kids, 3 of which are girls so I wouldn't consider myself wealthy lol

Sent from my SM-N975U using Tapatalk


I guess I misread your statement. My Bad.

(04-23-2022 01:29 PM)JMUDunk Wrote:  “No one making less than 400k a year will see a penny in new taxes”.

Could it be possible (and probable) that this assclown goes down as not only the most incompetent, inept President* of all time, but also the most hated?

I think this would clearly do it. He’d be polling in the 20s if that.

For many he already is.

(04-23-2022 11:05 AM)Was SoMs Eagle Wrote:  Another huge lie by the progressives. This will further separate the middle class from the ruling class. As a matter of fact, those Biden referred to as “not paying one more cent in taxes” will be slammed with damn near this whole abomination.

Biden* simply read that "1 cent more in taxes" BULLS HIT off the teleprompter just to snag a few more votes from idiots.

There are a helluva lot of moderates who believed that (along with a lot of his other lies) and actually voted for this Alzheimer's impacted jack@$$.

The REAL pain comes based on what Owl69 detailed in post # 2. Corporations will NOT simply tolerate a 25% tax hike. You can BET YOUR JOB that they are already making their plans to move assets and some operations overseas.

Virtually DOUBLING the capital gains tax is just INSANE. Gee, I wonder if that might impact US taxpayers who earn < $400,000 annually?

I have ZERO SYMPATHY for anyone who actually voted for this Deep State Swamp resident who has been in the Congress or Senate or VP for almost 50 years. Those who pulled the lever for Biden* need to endure the total pain for the full 4 years. Relish the "no mean tweets" as inflation skyrockets, the supply chain continues to collapse, the public schools keep pushing transgender BS to your kids, the Southern border is overrun, crime explodes, fewer charter schools since they are forced under a Biden* decision to be subservient to public schools because Biden* is rewarding public school teacher unions since they are one of his main support groups.

TOLERATE the continuous pain that the Biden* Administration DELIBERATELY inflicts on US citizens. Take it. Reap it. Own it. Embrace it. Live with it.

(04-23-2022 10:05 AM)maximus Wrote:  Not bragging... but id be willing to bet I paid more in taxes this year than some people on this board even made. It's insane to think they want more.

Sent from my SM-N975U using Tapatalk

#boldBummer

@daFinga

(04-23-2022 01:29 PM)JMUDunk Wrote:  “No one making less than 400k a year will see a penny in new taxes”.

Could it be possible (and probable) that this assclown goes down as not only the most incompetent, inept President* of all time, but also the most hated?

I think this would clearly do it. He’d be polling in the 20s if that.

While I don’t agree with his politics, and actually feel sorry for him in his obviously deteriorating mental abilities, I’m actually concerned for his safety.

If he is tied to Hunter, his brother Jim and positive identified as the “Big Guy”, he may be considered expendable by his party’s leadership. Imagine a Kamala Harris presidency being celebrated over our present leader.

I wouldn’t put it passed the so called Progressives carrying out a false flag operation in some manner to force a change in the White House. How convenient would that be just before the Midterms?

(04-23-2022 10:05 AM)maximus Wrote:  Not bragging... but id be willing to bet I paid more in taxes this year than some people on this board even made. It's insane to think they want more.

Sent from my SM-N975U using Tapatalk

No doubt. I can't even bear to look anymore.

Sent from my Pixel 3 using Tapatalk