So Biden wants to raise taxes that Trump lowered... what can be the net effect???

[Toddsterpatriot]

Infrastructure, deficit REDUCTION and pulling the economy out of a Trump caused recession

The recession ended before the election.
But Biden did a really good job worsening our highest inflation in 40 years.

 

[whitehall]

You almost gotta laugh that Biden's new army of armed tax collectors is larger than the real armies of some of our NATO allies.

 

[Toddsterpatriot]

Why did Trump raise taxes when he claimed he cut taxes?

Trump claimed he cut taxes......because he cut taxes.
Dems whined about it non-stop.

 

[Toddsterpatriot]

Latinos are not going to vote Republican thanks to the destruction of Roe vs Wade.

Catholic Latinos miss their abortions?

 

[Toddsterpatriot]

Ahhhh... such an ignorant of economics and marketing person you are Candycorn!
A) How many Billionaires in USA ? FACT:The combined net worth of the 2020 class of the 400 richest Americans was $3.2 trillion, up from $2.7 trillion in 2017. As of October 2020, there were 614 billionaires in the United States.

List of wealthiest Americans by net worth - Wikipedia

en.wikipedia.org

B) So these idiots that claim like this article: The analysis from OMB and CEA economists estimates that the wealthiest 400 billionaire families in America paid an average of just 8.2 percent of their income—

New OMB-CEA Report: Billionaires Pay an Average Federal Individual Income Tax Rate of Just 8.2% | OMB | The White House

For far too long, our economy has rewarded wealth instead of work—catering to the richest Americans and biggest corporations at the expense of ordinary people. At the center of that system is a tax code that allows the wealthy to avoid paying their fair share. And while we have long known that...

www.whitehouse.gov

C) How many of you idiots along with the above dummies KNOW the following:
the corporation distributes the after-tax earnings as dividends. The investors then need to pay tax on these dividends.

Double Taxation of Corporate Income in the United States and the OECD

Biden’s proposal to increase the corporate income tax rate and to tax long-term capital gains and qualified dividends at ordinary income tax rates would increase the top integrated tax rate above pre-TCJA levels, making it the highest in the OECD and undercutting American economic competitiveness.

taxfoundation.org

So given those facts to you dummies... Let's make sure you idiots understand:
A) Let's assume Biden stupidity and you dummies RAISE taxes (somehow because these billionaires will move their wealth off shore by the

Biden's stupid and ignorant...
Billionaire Minimum Income Tax (BMIT) that would require the wealthiest Americans to pay at least 20% on all income. Currently, billionaires pay an average of only 8.2% of their income, according to the White House.
Biden created this proposal to make the American tax code fairer and reduce the budget deficit by $360 billion in the next ten years.
For example, a taxpayer whose household worth exceeds $100 million purchased stock in January 2017 for $500, and the stock’s value has risen to $900. They must pay taxes on the increased value of $400 even though they still own the stock. However, households with wealth of less than $100 million would only be taxed when they sell the asset.
Under the proposal, wealthy households who paid 20 percent of tax won’t pay any additional tax. However, if they paid less than 20% of their total annual income, they would need to top-up their tax payment.
For example, if a wealthy household pays 15% in taxes, they’d be required to pay an additional 5% to satisfy the billionaire tax requirement.
For wealthy families with illiquid assets, assets that can’t be easily converted to cash, they can pay the taxes later. However, they would pay additional interest.

Taxes

Money advice and product reviews from a name you trust.

www.forbes.com

Currently, billionaires pay an average of only 8.2% of their income, according to the White House.

Today, we’re releasing a new analysis that draws on a range of publicly available data to shed light on this question. The analysis from OMB and CEA economists estimates that the wealthiest 400 billionaire families in America paid an average of just 8.2 percent of their income—including income from their wealth that goes largely untaxed

Typical dishonest liberal math.
If you count unrealized capitals gains as income (it isn't), they paid 8.2%.

 

[Dagosa]

The recession ended before the election.
But Biden did a really good job worsening our highest inflation in 40 years.

Tell that to the middle class; lets look at what is happening now. The economy is an aircraft carrier not a jet ski
. It takes time. Conservatives like to live off the good times prompted by liberals then whine when they burn the house down because a progressive isn’t rebuilding it fast enough. We know. Conservatives don’t give a fk about the middle class.

 

[Toddsterpatriot]

Tell that to the middle class; lets look at what is happening now. The economy is an aircraft carrier not a jet ski
. It takes time. Conservatives like to live off the good times prompted by liberals then whine when they burn the house down because a progressive isn’t rebuilding it fast enough. We know. Conservatives don’t give a fk about the middle class.

Biden's aircraft carrier is taking on water.
How high will the Fed have to raise rates to kill Bidenflation?

 

[Dagosa]

How much reading and math is needed to ridicule your silly lies?

A lot. An imbecile non math illiterate doesn't have a clue what is right. The right is heavily populated by non science and Illiteracy.

 

[Dagosa]

Biden's aircraft carrier is taking on water.
How high will the Fed have to raise rates to kill Bidenflation?

Really ? He’s passed more programs to help people in a year plus then Trump ever even considered. Trump and his minions only care about non whites being excluded from their roles.

 

[Dagosa]

healthmyths
a lot of made up shit.

 

[Toddsterpatriot]

An imbecile non math illiterate doesn't have a clue what is right.

Don't be so hard on yourself.

I'm sure you have some good qualities.

 

[Toddsterpatriot]

He’s passed more programs to help people in a year plus then Trump ever even considered.

Yeah, he passed a lot of stupid and wasteful spending.

 

[Dagosa]

Yeah, he passed a lot of stupid and wasteful spending.

Name one…..

 

[Dagosa]

Don't be so hard on yourself.

I'm sure you have some good qualities.

so you admit being a non science math illiterate.

 

[Toddsterpatriot]

Name one…..

Every dollar spent on "climate change". And probably 90% of the rest of his stupid and wasteful bills.

 

[Toddsterpatriot]

so you admit being a non science math illiterate.

I admit you are clueless and illiterate.

 

[Dagosa]

I admit you are clueless and illiterate.

Spoken like a true Humper. No one is capable of admitting anything about someone else. You’re a lost soul.

 

[Dagosa]

Every dollar spent on "climate change". And probably 90% of the rest of his stupid and wasteful bills.

There, you just confessed, you’re a science illiterate.

 

[Toddsterpatriot]

Spoken like a true Humper. No one is capable of admitting anything about someone else. You’re a lost soul.

There is no denying your idiocy.

 

[Toddsterpatriot]

There, you just confessed, you’re a science illiterate.

How many new nuclear reactors should we build to fight climate change?