2025 is here and this is what is happening!

[konradv]

The Inflation Reduction Act, 2022. Seriously, were you not paying attention?

The one that gave tax breaks to billionaires?

 

[hadit]

The one that gave tax breaks to billionaires?

You asked when we last raised taxes. We raised taxes in Joe Biden's bill.

 

[westwall]

BS, absorbed by the consumer.

#YOURBITCHLOST!

 

[konradv]

You asked when we last raised taxes. We raised taxes in Joe Biden's bill.

Thank god the oligarchs were taken care of! Have they tinkled down on you yet?

 

[Luckyone]

Thank god the oligarchs were taken care of! Have they tinkled down on you yet?

 

[hadit]

Thank god the oligarchs were taken care of! Have they tinkled down on you yet?

You didn't even know that was Joe Biden's signature bill and that it raised taxes. Now you're trying to duck, dodge and weave.

 

[martybegan]

Yet another tRumpling^ who doesn't understand Orwell.

And what was Orwell's actual message, Parsons?

 

[konradv]

You didn't even know that was Joe Biden's signature bill and that it raised taxes. Now you're trying to duck, dodge and weave.

All I know is that the richest of the rich are getting the goodies, not the MAGA rank and file.

 

[Luckyone]

You didn't even know that was Joe Biden's signature bill and that it raised taxes. Now you're trying to duck, dodge and weave.

By the way hadit , I searched everywhere on Google and I could not find one single article where it was stated that Biden RAISED taxes. I did find quite a few article where his PLANS were to raise taxes but found none where he actually DID.

Please supply a link that supports your statement.

 

[Oddball]

By the way hadit , I searched everywhere on Google and I could not find one single article where it was stated that Biden RAISED taxes. I did find quite a few article where his PLANS were to raise taxes but found none where he actually DID.

Please supply a link that supports your statement.

Inflation is a defacto tax, you sub-cretinous humanoid.

 

[westwall]

Thank god the oligarchs were taken care of! Have they tinkled down on you yet?

#YOURBITCHLOST!

 

[hadit]

By the way hadit , I searched everywhere on Google and I could not find one single article where it was stated that Biden RAISED taxes. I did find quite a few article where his PLANS were to raise taxes but found none where he actually DID.

Please supply a link that supports your statement.

Details & Analysis of the Inflation Reduction Act Tax Provisions

 

[Luckyone]

Details & Analysis of the Inflation Reduction Act Tax Provisions

From your link:

Individual Income Taxes​

• Extends the limitation on pass-through business losses enacted in the 2017 Tax Cuts and Jobs Act (TCJA) for two years through 2028.
• Extends the expanded health insurance Premium Tax Credits provided in the American Rescue Plan Act (ARPA), including allowing higher-income households to qualify for the credits and boosting the subsidy for lower-income households, through the end of 2025.

Corporate and International Taxes​

• Imposes a 15 percent minimum tax on corporate book income for corporations with profits over $1 billion, effective for tax years beginning after December 31, 2022.
• Creates a 1 percent excise tax on the value of stock repurchases during the taxable year, net of new issuances of stock, effective for repurchases after December 31, 2022. Excluded from the tax are stock contributed to retirement accounts, pensions, and employee-stock ownership plans (ESOPs)

There is nothing here that increases taxes on people and the increase that is seen is for corporations with profits of over $1 billion, which need to pay a minimum of 15% on book income.

So explain how this is a negative to you, me, and 99% of all Americans

 

[hadit]

From your link:

Individual Income Taxes​

• Extends the limitation on pass-through business losses enacted in the 2017 Tax Cuts and Jobs Act (TCJA) for two years through 2028.
• Extends the expanded health insurance Premium Tax Credits provided in the American Rescue Plan Act (ARPA), including allowing higher-income households to qualify for the credits and boosting the subsidy for lower-income households, through the end of 2025.

Corporate and International Taxes​

• Imposes a 15 percent minimum tax on corporate book income for corporations with profits over $1 billion, effective for tax years beginning after December 31, 2022.
• Creates a 1 percent excise tax on the value of stock repurchases during the taxable year, net of new issuances of stock, effective for repurchases after December 31, 2022. Excluded from the tax are stock contributed to retirement accounts, pensions, and employee-stock ownership plans (ESOPs)

There is nothing here that increases taxes on people and the increase that is seen is for corporations with profits of over $1 billion, which need to pay a minimum of 15% on book income.

So explain how this is a negative to you, me, and 99% of all Americans

The challenge was to identify when we last raised taxes, and this illustrates that we're constantly juggling taxes and that they go up a lot of times behind the scenes, leading non-observant people to shrug and not care because "it doesn't impact them". The problem is, just like an ecosystem can be thrown out of whack by the introduction of a predator species of fish, increased taxes have an impact on the economy, sometimes in ways that are not noticed immediately. As to how higher taxes on corporations has a negative impact on individuals, surely you do not need a thesis on the impacts of lower profits.

 

[Luckyone]

The challenge was to identify when we last raised taxes, and this illustrates that we're constantly juggling taxes and that they go up a lot of times behind the scenes, leading non-observant people to shrug and not care because "it doesn't impact them". The problem is, just like an ecosystem can be thrown out of whack by the introduction of a predator species of fish, increased taxes have an impact on the economy, sometimes in ways that are not noticed immediately. As to how higher taxes on corporations has a negative impact on individuals, surely you do not need a thesis on the impacts of lower profits.

Your explanation applies to ALL presidents, so it does not specifically apply to Biden

 

[hadit]

Your explanation applies to ALL presidents, so it does not specifically apply to Biden

Again, the challenge was to identify when we last raised taxes. It just so happens that Quid Pro Joe is the current president, and he signed tax increases into law.

 

[Luckyone]

Again, the challenge was to identify when we last raised taxes. It just so happens that Quid Pro Joe is the current president, and he signed tax increases into law.

Once again and as I stated before. Those taxes were minor and applied to Billionaire corporations, that should be taxed. Then again, that doesn't affect 99% of all Americans. You trying to make this a big deal is because you are biased and cherry picking

 

[hadit]

Once again and as I stated before. Those taxes were minor and applied to Billionaire corporations, that should be taxed. Then again, that doesn't affect 99% of all Americans. You trying to make this a big deal is because you are biased and cherry picking

On the contrary, you are attempting to make this into a whole thing that it was never intended to be. The challenge was when did we raise taxes, and I met that challenge. Now you want to argue what, that it doesn't count? People have to understand that taxes are not just what you see taken out of your pay.

All I said was that we raised taxes recently. I made no value judgements on the increase at all, that was all you.

 

[buttercup]

Someone summed up 2025, so far. In all my life, I don't think I've ever seen a crazier month / start to a new year.