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Forum » Biden coming after job creators and tax payers
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Thread: Biden coming after job creators and tax payers

post 1698869413 03-07-2024, 11:57 AM
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Biden coming after job creators and tax payers

In order to be able to give their money to illegal pond scum and Nazis in Ukraine
​Joe Biden to propose massive tax raid on super rich and corporate America in tonight's State of the Union address with sweeping hikes including minimum corporate tax up from 15% to 21% and a 25% rate for billionaires
https://www.dailymail.co.uk/news/art...lionaires.html
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post 1698869613 03-07-2024, 12:04 PM
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It's pretty brilliant move. The corporations will just pass the cost onto consumers and the politicians will get to blame the greedy corporations for price hikes. They get to raise taxes with none of the blame.
post 1698869623 03-07-2024, 12:04 PM
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Good luck with that Joe........
post 1698870133 03-07-2024, 12:14 PM
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Im not sure why (R) voters feel the need to protect billionaires at all costs, especially when the majority are financing politicians trying too end you?

We see threads here all the time about leftist voters being mocked after facing the consequences of their votes, especially when being violently attacked in blue cities....but billionaires, who are voting for leftist politicians promising to increase their taxes ten fold...like I said, must be protected at all costs.
post 1698870153 03-07-2024, 12:15 PM
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Based big guy looking out for the regular folks again wow!
post 1698870313 03-07-2024, 12:18 PM
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Originally Posted By RIKTER⏩
Im not sure why (R) voters feel the need to protect billionaires at all costs, especially when the majority are financing politicians trying too end you?

We see threads here all the time about leftist voters being mocked after facing the consequences of their votes, especially when being violently attacked in blue cities....but billionaires, who are voting for leftist politicians promising to increase their taxes ten fold...like I said, must be protected at all costs.
Well, when you believe that most taxes are theft, it's hard to say that only some should pay them. Raising taxes won't affect their overall wealth much but it's still theft and they'll donate to their buddies no matter what. I'm against people donating to politicians, you want to be one? Then fund it yourself
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post 1698870533 03-07-2024, 12:23 PM
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As always, the tax increases will be structured in a way where billionaires can avoid paying the increases through offsets and loopholes, yet the middle class will be saddled with more unavoidable taxes somehow. Book it.
post 1698870723 03-07-2024, 12:26 PM
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Originally Posted By RIKTER⏩
Im not sure why (R) voters feel the need to protect billionaires at all costs, especially when the majority are financing politicians trying too end you?

We see threads here all the time about leftist voters being mocked after facing the consequences of their votes, especially when being violently attacked in blue cities....but billionaires, who are voting for leftist politicians promising to increase their taxes ten fold...like I said, must be protected at all costs.
I get the argument. The problem is tax hikes using justification buzzwords like billionaires almost always translates to taxes on the moderately wealthy or upper middle class. In the case of corporations, that cost just gets passed onto consumers of all income levels.

The bottom line is increasing taxes on anyone is a symptom of the bigger problem that the government spends too much on chit we don't need.
post 1698871603 03-07-2024, 12:45 PM
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Originally Posted By freeheeler⏩
Well, when you believe that most taxes are theft, it's hard to say that only some should pay them. Raising taxes won't affect their overall wealth much but it's still theft and they'll donate to their buddies no matter what. I'm against people donating to politicians, you want to be one? Then fund it yourself
What do you care if it's theft though?? The billionaires are the ones who are financing politicians promising to take their wealth. The left has been promising this for 40 years lol The GOP needs to get out of the way and call their bluff, because thats what it is.

A very small example is that Trump capped SALT deductions and these same tax the rich leftists like Schumer freaked out over it.

Today, U.S Senate Majority Leader Charles Schumer and U.S. Senator Kirsten Gillibrand introduced legislation in the new Congress to eliminate the $10,000 cap on the State and Local Tax (SALT) deduction starting in 2021.

Higher-income taxpayers in high-tax locations are most impacted by the $10,000 SALT cap. Any changes to lift the cap would primarily benefit higher earners and make the tax code more regressive.
post 1698871693 03-07-2024, 12:46 PM
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Would rather them go through the budget with a fine tooth comb and cut out all the bull****.
Then cut off all money sent to other countries including the DC slush fund known as Ukraine.
Kick out all illegals and beef up border security. Bring home all the troops stationed in countries around the world and put them on the border.
There is a lot more common sense approaches but let’s start with these simple ones.
post 1698871993 03-07-2024, 12:53 PM
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Pretty standard election year class warfare stuff. I don't care if they raise taxes a bit on billionaires, but the corporate tax is full on retard mode, since it is always paid by the consumer in the end. It's amazing how every lefty doesn't realize that basic reality.
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post 1698874923 03-07-2024, 02:10 PM
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Originally Posted By RIKTER⏩
Im not sure why (R) voters feel the need to protect billionaires at all costs, especially when the majority are financing politicians trying too end you?

We see threads here all the time about leftist voters being mocked after facing the consequences of their votes, especially when being violently attacked in blue cities....but billionaires, who are voting for leftist politicians promising to increase their taxes ten fold...like I said, must be protected at all costs.
I guess because we don't see why its a good idea to take the billionaires money (which comes from the cost of goods sold that we purchase) handing it to the government to run through their inefficient machine a few times and handing it out to randoms.
post 1698875173 03-07-2024, 02:16 PM
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Originally Posted By RIKTER⏩
Im not sure why (R) voters feel the need to protect billionaires at all costs, especially when the majority are financing politicians trying too end you?

We see threads here all the time about leftist voters being mocked after facing the consequences of their votes, especially when being violently attacked in blue cities....but billionaires, who are voting for leftist politicians promising to increase their taxes ten fold...like I said, must be protected at all costs.
It's not so much protecting billionaires as it is wishing the government would just leave people TF alone. Take a look around... Another $100b to Ukraine, NYC alone just got another cash infusion of $50m JUST for illegals, money pissed away to Israel, free apartments and more benefits for more illegals.... And on, and on, and on.

We've got mad problems bro. And punishing people financially to pay for it all - whether they be billionaires or middle-class, is not the solution bro.
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post 1698875563 03-07-2024, 02:27 PM
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Originally Posted By frankdtank20⏩
Pretty standard election year class warfare stuff. I don't care if they raise taxes a bit on billionaires, but the corporate tax is full on retard mode, since it is always paid by the consumer in the end. It's amazing how every lefty doesn't realize that basic reality.
It also incentivises them to re-register in Ireland, where it is 12.5%, which results in lower tax revenue for the US.
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post 1698875983 03-07-2024, 02:37 PM
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Originally Posted By RIKTER⏩
Im not sure why (R) voters feel the need to protect billionaires at all costs, especially when the majority are financing politicians trying too end you?

We see threads here all the time about leftist voters being mocked after facing the consequences of their votes, especially when being violently attacked in blue cities....but billionaires, who are voting for leftist politicians promising to increase their taxes ten fold...like I said, must be protected at all costs.
Because "progressive" ideas have a tendacy to backfire.
post 1698876503 03-07-2024, 02:47 PM
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Originally Posted By IAMBEE⏩
I guess because we don't see why its a good idea to take the billionaires money (which comes from the cost of goods sold that we purchase) handing it to the government to run through their inefficient machine a few times and handing it out to randoms.
Originally Posted By Bushmaster⏩
It's not so much protecting billionaires as it is wishing the government would just leave people TF alone. Take a look around... Another $100b to Ukraine, NYC alone just got another cash infusion of $50m JUST for illegals, money pissed away to Israel, free apartments and more benefits for more illegals.... And on, and on, and on.

We've got mad problems bro. And punishing people financially to pay for it all - whether they be billionaires or middle-class, is not the solution bro.
You guys keep fighting on behalf of the open border billionaire elite funding politicians that want to end you and take away your rights and dont be surprised, when exactly that happens.

PS. people who want the govt to leave them alone control almost zero of the institutions that run/own America.

Those who want to use the full force of the govt/private businessesto end their enemies.....control everything.

Bill Gates — the second richest person in the world with a current net worth of $108.8 billion, according to Forbes — says his extreme wealth is not fair.

I think the rich should pay more than they currently do, and that includes Melinda and me,” Gates wrote, referring to his wife.

Leave Bill gates alone!!111

By holding most of his shares since the company’s founding, Mr. Gates delayed paying tax on those capital gains. By donating the shares to the Bill and Melinda Gates Foundation, that wealth will never be taxed.

Thus, the fact that capital gains are not taxed as long as the asset is held (and, in real estate, not even when sold if the proceeds are reinvested in a “like” asset) and the existence of the charitable donation tax deduction have provided Bill Gates with what might be called the biggest tax break in history. The federal government likely lost out on $15-20 billion
post 1698876933 03-07-2024, 02:58 PM
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Well, it’s nice of Bill to think he should give more. How do we pass this information onto him?

https://www.fiscal.treasury.gov/publ...overnment.html
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post 1698878513 03-07-2024, 03:36 PM
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Lol at OP defending big businesses not paying taxes.

50 years of tax cuts for the rich failed to trickle down, economics study says
ax cuts for the wealthy have long drawn support from conservative lawmakers and economists who argue that such measures will "trickle down" and eventually boost jobs and incomes for everyone else. But a new study from the London School of Economics says 50 years of such tax cuts have only helped one group — the rich.
https://www.cbsnews.com/news/tax-cut...-trickle-down/
post 1698878953 03-07-2024, 03:45 PM
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Originally Posted By NYPat⏩
Lol at OP defending big businesses not paying taxes.

50 years of tax cuts for the rich failed to trickle down, economics study says



https://www.cbsnews.com/news/tax-cut...-trickle-down/
How are those progressive policies working out in California?
post 1698879153 03-07-2024, 03:48 PM
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Originally Posted By Dave22reborn⏩
How are those progressive policies working out in California?
So no comment on trickle down never working? Just a weak what about?
post 1698879413 03-07-2024, 03:54 PM
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Originally Posted By RIKTER⏩
Im not sure why (R) voters feel the need to protect billionaires at all costs, especially when the majority are financing politicians trying too end you?

We see threads here all the time about leftist voters being mocked after facing the consequences of their votes, especially when being violently attacked in blue cities....but billionaires, who are voting for leftist politicians promising to increase their taxes ten fold...like I said, must be protected at all costs.
This. Lmao @ worrying about the tax rates of corporations who hate you.
post 1698879663 03-07-2024, 03:59 PM
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Originally Posted By Zelensky⏩
As always, the tax increases will be structured in a way where billionaires can avoid paying the increases through offsets and loopholes, yet the middle class will be saddled with more unavoidable taxes somehow. Book it.
The somehow will be put into the products we buy and will be called more inflation.
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post 1698881803 03-07-2024, 04:39 PM
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Originally Posted By NYPat⏩
So no comment on trickle down never working? Just a weak what about?
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post 1698882463 03-07-2024, 04:56 PM
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Originally Posted By NYPat⏩
So no comment on trickle down never working? Just a weak what about?
No comment on progressive policies always backfiring?
post 1698882853 03-07-2024, 05:04 PM
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Originally Posted By RIKTER⏩
Im not sure why (R) voters feel the need to protect billionaires at all costs, especially when the majority are financing politicians trying too end you?
Well, the first step is to stop believing Biden's tired old lie that "the rich don't pay their fair share". IRS data clearly shows "the rich" pay far more than any other segment of the population. So why to (D) voters feel the need to fleece even more?
post 1698883523 03-07-2024, 05:20 PM
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Originally Posted By nutsy54⏩
Well, the first step is to stop believing Biden's tired old lie that "the rich don't pay their fair share". IRS data clearly shows "the rich" pay far more than any other segment of the population. So why to (D) voters feel the need to fleece even more?
Where else are they going to get their money for their pet projects?


There's a reason why they need 87,000 IRS agents
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post 1698883663 03-07-2024, 05:22 PM
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wont mean anything til tax code is changed.
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post 1698883803 03-07-2024, 05:24 PM
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Bold move when his biggest backers have been corporations and billionaires.
post 1698884873 03-07-2024, 05:54 PM
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The dems' MO is to penalize and demonize success and hope that their constituents will believe that they are victims. Perpetual victims.

The dems thrive on division and hate. This is why Biden and the elite dems insult and demonize republican voters.
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post 1698885633 03-07-2024, 06:12 PM
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Originally Posted By Zelensky⏩
As always, the tax increases will be structured in a way where billionaires can avoid paying the increases through offsets and loopholes, yet the middle class will be saddled with more unavoidable taxes somehow. Book it.
exactly
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