Vambo Posted March 17, 2021 Report Share Posted March 17, 2021 Politics31 mins ago Biden says he will get Democratic votes for tax increase Quote Link to comment Share on other sites More sharing options...
BaconHound Posted March 17, 2021 Report Share Posted March 17, 2021 Have no issue with raising the taxes 7 percent on those individuals who have an AGI over 400k. I’d wager any individual making over 600k with a decent tax accountant will find a way to get their AGI under. I was in the 25 percent tax bracket this year and Cal ain’t crying for me 😁 Quote Link to comment Share on other sites More sharing options...
calfoxwc Posted March 17, 2021 Report Share Posted March 17, 2021 yeah. they promised nobody would be taxed more if they were in high six figures. guess what. they are going to try to tax mileage. and farmers/tractors/cows. ammo and guns. RV's. pick up trucks. taxes on electricity, gas and propane....skyrocket taxes on parks/recreation, lawnmowers.... getting ready to be totally off the grid isn't a bad idea. I'm researching it - plenty of time. I knew some people who were totally living by the UCMJ in the service. They were divorced, workaholics, didn't have any kind of personal life. One even slept in his office. Lifers who would never be able to live a life outside of the military. They are just like the liberal haters of today. Liberals thrive on being in control, they are completely emotionally/ego based, and they thrive on hateful emotions to try to feel like they are supremely important to every conversation, and they have a sick neurotic need to control everything around them. They can't control reality, so they invent their own. not good. Quote Link to comment Share on other sites More sharing options...
calfoxwc Posted March 17, 2021 Report Share Posted March 17, 2021 17 minutes ago, BaconHound said: Have no issue with raising the taxes 7 percent on those individuals who have an AGI over 400k. I’d wager any individual making over 600k with a decent tax accountant will find a way to get their AGI under. I was in the 25 percent tax bracket this year and Cal ain’t crying for me 😁 well, I feel bad for ya. I hope you put big bucks into your 401K, etc. It pays off amazingly nice in a decade or two. Quote Link to comment Share on other sites More sharing options...
Canton Dawg Posted March 17, 2021 Report Share Posted March 17, 2021 40 minutes ago, BaconHound said: Have no issue with raising the taxes 7 percent on those individuals who have an AGI over 400k. I’d wager any individual making over 600k with a decent tax accountant will find a way to get their AGI under. I was in the 25 percent tax bracket this year and Cal ain’t crying for me 😁 If you think the Dems are only going to tax the wealthy, I’ve got some oceanfront property in Nebraska to sell you. Quote Link to comment Share on other sites More sharing options...
BaconHound Posted March 17, 2021 Report Share Posted March 17, 2021 57 minutes ago, Canton Dawg said: If you think the Dems are only going to tax the wealthy, I’ve got some oceanfront property in Nebraska to sell you. I can only discuss the information provided me. Arguing hypotheticals is nonsense, Quote Link to comment Share on other sites More sharing options...
Axe Posted March 17, 2021 Report Share Posted March 17, 2021 16 minutes ago, BaconHound said: I can only discuss the information provided me. Arguing hypotheticals is nonsense, Nothing hypothetical about it. It's common sense. 1 1 Quote Link to comment Share on other sites More sharing options...
Canton Dawg Posted March 17, 2021 Report Share Posted March 17, 2021 26 minutes ago, BaconHound said: I can only discuss the information provided me. Arguing hypotheticals is nonsense, The Dems always say they are targeting “The Wealthy” but there’s always a trickle down effect. Case in point, Biden wants to implement a tax on stock & bond transactions. I’ve got news for the misinformed Liberals, you don’t have to be wealthy to buy and sell securities. In the past 30 plus years I’ve contributed to a 401k along with an IRA, and I retired at the end of January 2021. Guess What? Under Dementia Joe’s tax plan I’m going to have to pay tax on whatever stocks and bonds I sell. And there’s no way in hell I even come close to making $400k a year. Quote Link to comment Share on other sites More sharing options...
BaconHound Posted March 17, 2021 Report Share Posted March 17, 2021 I’ve read about the income tax increase, please post the additional tax on stock and bond transactions. Roth IRA wouldn’t be taxed upon withdrawal but my understanding is all others are. Again if that is incorrect, please post the change in the tax code that Biden is proposing. Quote Link to comment Share on other sites More sharing options...
Vambo Posted March 17, 2021 Author Report Share Posted March 17, 2021 Politics Psaki says tax increase on high earners will apply to ‘families,’ not ‘individuals’ Quote Link to comment Share on other sites More sharing options...
BaconHound Posted March 17, 2021 Report Share Posted March 17, 2021 7 minutes ago, Vambo said: Politics Psaki says tax increase on high earners will apply to ‘families,’ not ‘individuals’ I’m still ok with it. Sorry but until you hit my income bracket I’m fine with a tax increase. I’m selfish when it comes to my money. If they get down to me then I’ll be upset but until then, tax away. Quote Link to comment Share on other sites More sharing options...
hammertime Posted March 18, 2021 Report Share Posted March 18, 2021 This is how it starts.... you tax the supplier and believe it the consumer will pay. This is punishment to the people, they damn well Know America voted for Trump. Hell is Waiting for the wicked. how did that sound? 1 1 Quote Link to comment Share on other sites More sharing options...
Vambo Posted March 18, 2021 Author Report Share Posted March 18, 2021 Biden tax increases will ‘damage’ your life savings, Grover Norquist says Higher taxes on corporations is 'bad news' for the US, Norquist said https://www.foxbusiness.com/economy/grover-norquist-bidens-coronavirus-bill-left-wing-political-wish-list Quote Link to comment Share on other sites More sharing options...
Westside Steve Posted March 18, 2021 Report Share Posted March 18, 2021 14 hours ago, BaconHound said: Have no issue with raising the taxes 7 percent on those individuals who have an AGI over 400k. I’d wager any individual making over 600k with a decent tax accountant will find a way to get their AGI under. I was in the 25 percent tax bracket this year and Cal ain’t crying for me 😁 So assuming you believe higher taxes are good thing then wouldn't it kind of belie that position by adding the caveat that any good tax attorney can get around it? But as to the notion that Biden can get democrats to vote for tax hikes.... Isn't that a little bit like teaching a cat to eat fish? WSS Quote Link to comment Share on other sites More sharing options...
JAFBF Posted March 18, 2021 Report Share Posted March 18, 2021 As good a place as any. Quote Link to comment Share on other sites More sharing options...
Vambo Posted March 18, 2021 Author Report Share Posted March 18, 2021 Economy Biden's proposed tax hike could hit Americans earning $200,000 Quote Link to comment Share on other sites More sharing options...
Canton Dawg Posted March 18, 2021 Report Share Posted March 18, 2021 17 hours ago, BaconHound said: I’m still ok with it. Sorry but until you hit my income bracket I’m fine with a tax increase. I’m selfish when it comes to my money. If they get down to me then I’ll be upset but until then, tax away. So whenever a corporation has to pay a higher tax rate, did you ever stop to think how they will recoup their lost margins? If you guessed “passing that cost on to the consumer” you would be correct. You Libs think that by taxing the living shit out of the over $400k bunch won’t have consequences....you would be wrong. 1 Quote Link to comment Share on other sites More sharing options...
Canton Dawg Posted March 18, 2021 Report Share Posted March 18, 2021 I wonder why Jack didn’t put the “Not Verified” tag on this flat out lie? Quote Link to comment Share on other sites More sharing options...
Westside Steve Posted March 18, 2021 Report Share Posted March 18, 2021 58 minutes ago, Canton Dawg said: I wonder why Jack didn’t put the “Not Verified” tag on this flat out lie? So what? Trump said it was raining when it wasn't. WSS Quote Link to comment Share on other sites More sharing options...
BaconHound Posted March 18, 2021 Report Share Posted March 18, 2021 6 hours ago, Westside Steve said: So assuming you believe higher taxes are good thing then wouldn't it kind of belie that position by adding the caveat that any good tax attorney can get around it? But as to the notion that Biden can get democrats to vote for tax hikes.... Isn't that a little bit like teaching a cat to eat fish? WSS I don’t believe higher taxes are a good thing. At times they are necessary. Closing tax loopholes would nullify a lot if creative tax accounting but I’d wager some people will simply pony up the extra cash and not worry about it. Quote Link to comment Share on other sites More sharing options...
BaconHound Posted March 18, 2021 Report Share Posted March 18, 2021 1 hour ago, Canton Dawg said: So whenever a corporation has to pay a higher tax rate, did you ever stop to think how they will recoup their lost margins? If you guessed “passing that cost on to the consumer” you would be correct. You Libs think that by taxing the living shit out of the over $400k bunch won’t have consequences....you would be wrong. No one is saying there isn’t consequences but in the free market a business can choose to raise prices and the consumer can choose not to pay them. You see this in the TV provider industry. Many have cut the chord due to higher prices. As streaming service costs continue to rise, cable becomes more competitive, consumers can choose their services Quote Link to comment Share on other sites More sharing options...
calfoxwc Posted March 18, 2021 Report Share Posted March 18, 2021 well, a lot of folks may end up "choosing" to have their gas and electric turned off because inflation will skyrocket. 1 Quote Link to comment Share on other sites More sharing options...
BaconHound Posted March 18, 2021 Report Share Posted March 18, 2021 1 hour ago, calfoxwc said: well, a lot of folks may end up "choosing" to have their gas and electric turned off because inflation will skyrocket. There is no indication inflation will sky rocket. 1979-80 was the last large jump. Quote Link to comment Share on other sites More sharing options...
Canton Dawg Posted March 18, 2021 Report Share Posted March 18, 2021 6 hours ago, Westside Steve said: So what? Trump said it was raining when it wasn't. WSS Trump was known for his mean Tweets...that BASTARD!! Quote Link to comment Share on other sites More sharing options...
Axe Posted March 19, 2021 Report Share Posted March 19, 2021 Anyone that thinks you can isolate tax increases is simply delusional.. 1 Quote Link to comment Share on other sites More sharing options...
Vambo Posted March 19, 2021 Author Report Share Posted March 19, 2021 7 hours ago, BaconHound said: There is no indication inflation will sky rocket. 1979-80 was the last large jump. Biden’s tax hike may hit more US households than expected https://www.foxbusiness.com/politics/us-households-affected-bidens-tax-hike Quote Link to comment Share on other sites More sharing options...
Axe Posted March 19, 2021 Report Share Posted March 19, 2021 7 minutes ago, Vambo said: Biden’s tax hike may hit more US households than expected https://www.foxbusiness.com/politics/us-households-affected-bidens-tax-hike Gee, there's a shocker.. Quote Link to comment Share on other sites More sharing options...
nickers Posted March 19, 2021 Report Share Posted March 19, 2021 Quote Link to comment Share on other sites More sharing options...
Axe Posted March 19, 2021 Report Share Posted March 19, 2021 3 minutes ago, nickers said: That needs an extension to that POS Soros. 2 Quote Link to comment Share on other sites More sharing options...
BaconHound Posted March 19, 2021 Report Share Posted March 19, 2021 14 hours ago, Vambo said: Biden’s tax hike may hit more US households than expected https://www.foxbusiness.com/politics/us-households-affected-bidens-tax-hike Again. Still isn’t hitting me so I’m ok with it. When it eventually gets to my tax bracket, I’ll see what the increase is, what it’s being spent on, and make my decision to support or complain about it. Quote Link to comment Share on other sites More sharing options...
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