Biden: "I'm Not Gonna Raise Your Taxes"...

[SAYIT]

...Unless you are rich or a corporation!! Of course, both usually have the ability to simply pass their tax hit along by raising their prices meaning even if Biden could limit his tax increases to the large and wealthy it's the consumer - we lesser people - who would be paying.

And given new Dem spending plans he would need all working Americans to contribute through higher local, state, and federal taxes. Higher taxes, higher prices, and the job losses that accompany a contracting economy.

Yes Scarlett ... there's still is no such thing as free stuff - only stuff paid for by the fruit of other's labor - but 10s of millions of Americans will vote for it (again) with predictably crushing results. Y'all just never learn.

 

[Penelope]

Everyone benefit from other people taxes.

They are not going to raise taxes on less than 400,000 , I think that is too much.

 

[kyzr]

Anyone who has stocks and dividends will be hit when "capital gains" is taxed as regular income.
That nails most retirees, unless its in a 401k or IRA.

 

[Penelope]

Anyone who has stocks and dividends will be hit when "capital gains" is taxed as regular income.
That nails most retirees, unless its in a 401k or IRA.

I don't know what he said about capital gains, its taxes now.

 

[SAYIT]

Everyone benefit from other people taxes.

They are not going to raise taxes on less than 400,000 , I think that is too much.

Wow ... just WOW!!

I occasionally wonder who is still dim enough to believe we can tax our way to prosperity. No Pene ... gov't produces nothing and is almost always the least efficient and least effective way to run an economy.

Here's a clue: printing money is not productivity.

Just ask Venezuelan President-For-Life Nicolas Maduro and his 1,000,000% per year inflation:

Venezuela's president admits economy has failed

Under-fire Venezuela President Nicolas Maduro admitted his economic model has "failed" in the wake of food and medicine shortages and public service paralysis, such as Tuesday's power failure that affected 80 percent of Caracas. "The production models we've tried so far have failed and the...

news.yahoo.com

 

[Penelope]

Everyone benefit from other people taxes.

They are not going to raise taxes on less than 400,000 , I think that is too much.

Wow ... just WOW!!

I occasionally wonder who is still dim enough to believe we can tax our way to prosperity. No Pene ... gov't produces nothing and is almost always the least efficient and least effective way to run an economy.

Here's a clue: printing money is not productivity.

Just ask Venezuelan President-For-Life Nicolas Maduro:

Venezuela's president admits economy has failed

Under-fire Venezuela President Nicolas Maduro admitted his economic model has "failed" in the wake of food and medicine shortages and public service paralysis, such as Tuesday's power failure that affected 80 percent of Caracas. "The production models we've tried so far have failed and the...

news.yahoo.com

Did Nicolas Maduro print money. We, the US prints money!!

You are so worried about the national debt raise everyone taxes and the rich people too.
----------------------------------------------------


Maduro, who blames Venezuela's woes on an "economic war" waged by the United States, called on PSUV supporters to help kick-start production and resist US "aggression."

Washington has imposed financial sanctions against Maduro and top government officials, as well as the state-owned oil company PDVSA. Venezuela's crude oil sales account for some 96 percent of the country's revenue.

Industry is operating at just 30 percent, perhaps best reflected by the farming sector which supplies barely a quarter of national consumption having provided 75 percent a few years ago, the National Farmers Federation said.

Sanctions are war.

 

[my2¢]

With Trump saying he intends to submit a plan to congress to eliminate payroll taxes, being retired, I fear a tax increase from Trump more than Biden.

 

[rightwinger]

Of course, both usually have the ability to simply pass their tax hit along by raising their prices

That is a myth

Business can charge what the market will bear. If they could charge more for their product, they already would.

 

[Penelope]

With Trump saying he intends to submit a plan to congress to eliminate payroll taxes, being retired, I fear a tax increase from Trump more than Biden.

Do you mean a decrease of taxes from tramp?

 

[Soupnazi630]

Everyone benefit from other people taxes.

They are not going to raise taxes on less than 400,000 , I think that is too much.

Biden is a liar. He will raise taxes on us all

Clinton made the same promise and never meant it. He broke it before he was even sworn in.I

Biden is the same animal and already proven to be a racist liar and dishonest pig

 

[SAYIT]

Anyone who has stocks and dividends will be hit when "capital gains" is taxed as regular income.
That nails most retirees, unless its in a 401k or IRA.

I don't know what he said about capital gains, its taxes now.

When the incentive to invest in America & Americans is reduced by taxes, less money is invested. That means fewer dollars for economic growth, fewer jobs, and diminished prosperity for all. You have the same lack of economic knowledge that Biden and so many hate-filled lefties do.

Capitalism ain't perfect but big, greasy, corrupt central gov't control of our economy is a recipe for disaster.

 

[2aguy]

...Unless you are rich or a corporation!! Of course, both usually have the ability to simply pass their tax hit along by raising their prices meaning even if Biden could limit his tax increases to the large and wealthy it's the consumer - we lesser people - who would be paying.

And given new Dem spending plans he would need all working Americans to contribute through higher local, state, and federal taxes. Higher taxes, higher prices, and the job losses that accompany a contracting economy.

Yes Scarlett ... there's still is no such thing as free stuff - only stuff paid for by the fruit of other's labor - but 10s of millions of Americans will vote for it (again) with predictably crushing results. Y'all just never learn.

View attachment 399606

To what biden said?

First....

Then.....

He is likely telling the truth......it will likely be President harris who raises the taxes on everyone....since biden won't last out the year..........

And as intelligent people have pointed out, the democrats will first simply let the Trump tax cuts for the middle class expire.......which will raise taxes without the democrats having to vote to do it.......and then they will raise taxes on the middle class...just like bill 'the rapist' clinton did after campaigning on not raising taxes.......

 

[2aguy]

Anyone who has stocks and dividends will be hit when "capital gains" is taxed as regular income.
That nails most retirees, unless its in a 401k or IRA.

I don't know what he said about capital gains, its taxes now.

When the incentive to invest in America & Americans is reduced by taxes, less money is invested. That means fewer dollars for economic growth, fewer jobs, and diminished prosperity for all. You have the same lack of economic knowledge that Biden and so many hate-filled lefties do.

Capitalism ain't perfect but big, greasy, corrupt central gov't control of our economy is a recipe for disaster.

View attachment 399612

Actually, that is not true...the democrats know that lowering the taxes on Americans create wealth, for everyone.......they don't want Americans to be wealthy...wealthy, happy people do not vote to give democrats power, in fact, they vote to keep democrats from taking their money.......

 

[2aguy]

With Trump saying he intends to submit a plan to congress to eliminate payroll taxes, being retired, I fear a tax increase from Trump more than Biden.

What sense does your post make? The democrats are the party of tax increases...they always have been and always will be............and eliminating the payroll tax is a massive tax cut for all Americans.........it will increase tax revenue to the Federal Government because of the massive growth in the economy due to economic activity....

 

[candycorn]

Anyone who has stocks and dividends will be hit when "capital gains" is taxed as regular income.
That nails most retirees, unless its in a 401k or IRA.

It is regular income when you withdraw it from the retirement vehicle. When you leave it in, it's an unrealized gain so there is no tax. You speak falsehoods.

 

[2aguy]

Everyone benefit from other people taxes.

They are not going to raise taxes on less than 400,000 , I think that is too much.

Wow ... just WOW!!

I occasionally wonder who is still dim enough to believe we can tax our way to prosperity. No Pene ... gov't produces nothing and is almost always the least efficient and least effective way to run an economy.

Here's a clue: printing money is not productivity.

Just ask Venezuelan President-For-Life Nicolas Maduro:

Venezuela's president admits economy has failed

Under-fire Venezuela President Nicolas Maduro admitted his economic model has "failed" in the wake of food and medicine shortages and public service paralysis, such as Tuesday's power failure that affected 80 percent of Caracas. "The production models we've tried so far have failed and the...

news.yahoo.com

Did Nicolas Maduro print money. We, the US prints money!!

You are so worried about the national debt raise everyone taxes and the rich people too.
----------------------------------------------------


Maduro, who blames Venezuela's woes on an "economic war" waged by the United States, called on PSUV supporters to help kick-start production and resist US "aggression."

Washington has imposed financial sanctions against Maduro and top government officials, as well as the state-owned oil company PDVSA. Venezuela's crude oil sales account for some 96 percent of the country's revenue.

Industry is operating at just 30 percent, perhaps best reflected by the farming sector which supplies barely a quarter of national consumption having provided 75 percent a few years ago, the National Farmers Federation said.

Sanctions are war.

Yep.....you support a socialist monster......

 

[2aguy]

The democrats also want the money you have in your 401(k).............they have the plan ready to go....they call it Guaranteed Retirement Accounts.....typical Newspeak..........they want to confiscate the money in your 401k, and then "gaurantee" you a return for your retirement.........that would be the deal..........

The democrat party is vile...and should never have power again.

 

[rightwinger]

Anyone who has stocks and dividends will be hit when "capital gains" is taxed as regular income.
That nails most retirees, unless its in a 401k or IRA.

Cry me a river

Those 401ks are taxed like income. Just like capital gains should be. Very few Americans have substantial savings in stocks

 

[SAYIT]

With Trump saying he intends to submit a plan to congress to eliminate payroll taxes, being retired, I fear a tax increase from Trump more than Biden.

Do you mean a decrease of taxes from tramp?

Most retirees have minimal taxable (earned) income. That isn't to say all are in that boat but very few of 'em would find their taxes raised if payroll taxes were temporarily suspended. What we will see is less federal "aid" to states that will then need to cut spending and/or raise their taxes.

And please don't get me started on where that "aid" comes from. Let's just cut out the expensive middle man (WashDC) who takes a big cut from every dollar and allow individual states to decide how much to tax & spend.

 

[rightwinger]

Biden is a liar. He will raise taxes on us all

Obama did the same thing with the Bush tax cuts. He kept the cuts for lower incomes and eliminated for the rich.

With a $2 trillion deficit, we can’t afford such generosity for the rich