Think your bills are high now? All the tax hikes hitting Americans on January 1 revealed

[Synthaholic]

Trump isnt in office ....

You can't read?

 

[miketx]

Trump isnt in office ....

He's so stupid they don't know that.

 

[sparky]

Time for the middle class to figure it out.

well it's kinda like malcom x said about oppression there ww

~S~

 

[TroglocratsRdumb]

The greedy corrupt Democrat Party treats the American Taxpayers like their slaves.

 

[TroglocratsRdumb]

Dems don't care about the national debt because they are moochers

 

[Bob Blaylock]

You won't get any argument out of me on this one. Zero idea why we just can't raise the taxes on the corporations and people who can most afford it.
Nope, always got to go back to the well and the largest group of people to leverage more money out of. I don't have any idea how to change that.

As Reagan famously observed, the problem is not that anyone is not being taxed enough; the problem is that government spends too much.

Of course, Democraps are about “Tax ‘The Rich’!”, but the taxes that they impose on “The Rich!” always end up hitting the lower classes more than they hit the claimed targets, in the form of lower wages, higher prices, lost job opportunities, and so on.

 

[Yarddog]

Republicans, Not Biden, Are About to Raise Your Taxes​

President Trump built in tax increases beginning in 2021, for nearly everyone but those at the very top.

The Trump administration has a dirty little secret: It’s not just planning to increase taxes on most Americans. The increase has already been signed, sealed and delivered, buried in the pages of the 2017 Tax Cuts and Jobs Act.

President Trump and his congressional allies hoodwinked us. The law they passed initially lowered taxes for most Americans, but it built in automatic, stepped tax increases every two years that begin in 2021 and that by 2027 would affect nearly everyone but people at the top of the economic hierarchy. All taxpayer income groups with incomes of $75,000 and under — that’s about 65 percent of taxpayers — will face a higher tax rate in 2027 than in 2019.

For most, in fact, it’s a delayed tax increase dressed up as a tax cut. How many times have you heard Trump and his allies mention that? They surmised — correctly, so far — that if they waited to add the tax increases until after the 2020 election, few of the people most affected were likely to remember who was responsible.

Looking at the analyses of the nonpartisan Congressional Budget Office and the Joint Committee on Taxation at the time the December 2017 tax bill was enacted, we see very clearly how different income groups are affected by the Trump tax plan. And it’s disturbing.

The current poverty line for a family of four is $26,200: People with incomes between $10,000 and $30,000 — nearly one-quarter of Americans — are among those scheduled to pay a higher average tax rate in 2021 than in years before the tax “cut” was passed. The C.B.O. and Joint Committee estimated that those with an income of $20,000 to $30,000 would owe an extra $365 next year — these are people who are struggling just to pay rent and put food on the table.

thats funny. I dont see it there..

Explaining the Trump Tax Reform Plan

President Trump created a sweeping tax overhaul, which rewards the wealthy and corporations the most, has fizzled among voters.

www.investopedia.com

Personal Taxes​

Income Tax Rates​

The law retained the old structure of seven individual income tax brackets, but in most cases, it lowered the rates. The top rate fell from 39.6% to 37%, while the 33% bracket dropped to 32%, the 28% bracket to 24%, the 25% bracket to 22%, and the 15% bracket to 12%. The lowest bracket remained at 10%, and the 35% bracket was also unchanged.3 The income bands that the new rates applied to are lower, compared to 2018 brackets under current law, for the five highest brackets.


The changes are temporary, expiring after 2025, as is the case with most personal tax breaks included in the law. The expiration date allowed the Senate to comply with reconciliation rules that block a Democratic filibuster—which Republicans did not have the votes to defeat—only if the law does not raise the deficit in any year outside of a 10-year window and if it stays within its $1.5 trillion budget constraint during the 10-year window.910 As noted, Republican congressional leaders signaled that individual tax cuts could be extended at a later date.


The IRS released new withholding brackets reflecting changes to the personal income tax schedule, which employers began using on Feb. 15, 2018.11 The following charts indicate the latest marginal rates for each income threshold based on filing status.

 

[Yarddog]

Republicans, Not Biden, Are About to Raise Your Taxes​

President Trump built in tax increases beginning in 2021, for nearly everyone but those at the very top.

The Trump administration has a dirty little secret: It’s not just planning to increase taxes on most Americans. The increase has already been signed, sealed and delivered, buried in the pages of the 2017 Tax Cuts and Jobs Act.

President Trump and his congressional allies hoodwinked us. The law they passed initially lowered taxes for most Americans, but it built in automatic, stepped tax increases every two years that begin in 2021 and that by 2027 would affect nearly everyone but people at the top of the economic hierarchy. All taxpayer income groups with incomes of $75,000 and under — that’s about 65 percent of taxpayers — will face a higher tax rate in 2027 than in 2019.

For most, in fact, it’s a delayed tax increase dressed up as a tax cut. How many times have you heard Trump and his allies mention that? They surmised — correctly, so far — that if they waited to add the tax increases until after the 2020 election, few of the people most affected were likely to remember who was responsible.

Looking at the analyses of the nonpartisan Congressional Budget Office and the Joint Committee on Taxation at the time the December 2017 tax bill was enacted, we see very clearly how different income groups are affected by the Trump tax plan. And it’s disturbing.

The current poverty line for a family of four is $26,200: People with incomes between $10,000 and $30,000 — nearly one-quarter of Americans — are among those scheduled to pay a higher average tax rate in 2021 than in years before the tax “cut” was passed. The C.B.O. and Joint Committee estimated that those with an income of $20,000 to $30,000 would owe an extra $365 next year — these are people who are struggling just to pay rent and put food on the table.

Do you realize Biden is and has been president for a while?

 

[eagle1462010]

Dems love to steal from Amerucans Say they are for the poor while screwing them with no vasolibe.

Nice Inflation you created assholes

 

[Yarddog]

Dems love to steal from Amerucans Say they are for the poor while screwing them with no vasolibe.

Nice Inflation you created assholes

high inflation is the worst tax of all. and the cost of borrowing will help to keep the little guy down.... the very wealthy can still manage to do well of course under these Democrat policies

 

[eagle1462010]

high inflation is the worst tax of all. and the cost of borrowing will help to keep the little guy down.... the very wealthy can still manage to do well of course under these Democrat policies

And yet the idiots saying its for our own good ignore the massive damage to this coyntry.

They should not be alliwed to breed

 

[Donald H]

A trillion one dollar bills laid end to end is something like to the moon and back!

 

[eagle1462010]

A trillion one dollar bills laid end to end is something like to the moon and back!

Tell your buddy Joe

 

[MarathonMike]

To those who voted for this, did you think you were exempt or something?

"Think your bills are high now? All the tax hikes hitting Americans on January 1 revealed: Electricity costs to soar and even your nest egg is not safe"​

• Democrats claimed Inflation Reduction Act would help ordinary Americans
• But new analysis suggests it shreds President Biden's promise not to raise taxes for Americans making less than $400,000 per year
• The Inflation Reduction Act includes three major energy taxes that are expected to increase household energy bills
• One is a regressive tax on American oil and gas development, estimated to increase taxes by $6.5 billion
• Democrats are proposing a 16.4 cents-per-barrel tax on crude oil, likely to be passed on to consumers in the form of higher gas prices
• US inflation is 7.1% for 12 months to November 2022 after rising 7.7% previously

"Democrats claimed the Inflation Reduction Act would help ordinary Americans, but new analysis suggests people making less than $400,000 a year could end up paying $20 billion of the new tax revenue it brings in.

President Joe Biden signed the act into law in August, injecting $473 billion of new spending on climate and healthcare, yet there are strong concerns it will do little to reduce inflation.

In fact, middle class Americans will pay new taxes - directly contradicting Biden's promise to not raise penalties on people earning under $400,000. "

All the tax hikes hitting Americans on January 1 revealed

Not only that, wait until the new 80,000+ IRS storm troopers are unleashed on American citizens. And don't believe for a minute they will only target "the rich". How many times have we heard that BS?

 

[eagle1462010]

Not only that, wait until the new 80,000+ IRS storm troopers are unleashed on American citizens. And don't believe for a minute they will only target "the rich". How many times have we heard that BS?

Nice priorities these assholes have.

 

[Bob Blaylock]

Dems love to steal from Amerucans [sic] Say they are for the poor while screwing them with no vasolibe [sic].

Nice Inflation you created assholes

 

[WTF19]

Does anyone want to tell JGalt or should we let the thread go on for a while before exposing him as a complete fool?

the only fool, is you....a SCUM demonRAT liar and denier

IF YOU ONLY HAD A BRAIN

 

[WTF19]

I will not enjoy them. Republicans and Trump have once again fucked over working Americans. And you're too stupid to realize it, even after you've been shown.

you're just plain old stupid----
the pedophile in the WH and the SCUM demonRATS are to blame
their 40 billion dollar package is waiting for them in ukraine----thats why taxes are rising---YOU FUCKING RETARD

IF YOU ONLY HAD A BRAIN

 

[WTF19]

Do you realize Biden is and has been president for a while?

only in retards minds---nobody in their right minds would elect a pedophile

 

[Likkmee]

To those who voted for this, did you think you were exempt or something?

"Think your bills are high now? All the tax hikes hitting Americans on January 1 revealed: Electricity costs to soar and even your nest egg is not safe"​

• Democrats claimed Inflation Reduction Act would help ordinary Americans
• But new analysis suggests it shreds President Biden's promise not to raise taxes for Americans making less than $400,000 per year
• The Inflation Reduction Act includes three major energy taxes that are expected to increase household energy bills
• One is a regressive tax on American oil and gas development, estimated to increase taxes by $6.5 billion
• Democrats are proposing a 16.4 cents-per-barrel tax on crude oil, likely to be passed on to consumers in the form of higher gas prices
• US inflation is 7.1% for 12 months to November 2022 after rising 7.7% previously

"Democrats claimed the Inflation Reduction Act would help ordinary Americans, but new analysis suggests people making less than $400,000 a year could end up paying $20 billion of the new tax revenue it brings in.

President Joe Biden signed the act into law in August, injecting $473 billion of new spending on climate and healthcare, yet there are strong concerns it will do little to reduce inflation.

In fact, middle class Americans will pay new taxes - directly contradicting Biden's promise to not raise penalties on people earning under $400,000. "

All the tax hikes hitting Americans on January 1 revealed