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

[JGalt]

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

 

[pknopp]

I've been condemning his actions raising taxes on the little people for many months now.

 

[JackOfNoTrades]

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.

 

[1srelluc]

Dems increasing the burdens on what's left of the middle class is what they are all about.....They should rename it The Misery Party.

 

[Synthaholic]

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

 

[westwall]

Dems increasing the burdens on what's left of the middle class is what they are all about.....They should rename it The Misery Party.

The political class declared war on the Middle class long ago.

Time for the middle class to figure it out.

 

[pknopp]

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

He may be but this is a valid point.

 

[JGalt]

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

Hahahahahahahaaaa...you're going to get hit with higher taxes and higher prices too, fool.

I bet you didn't see that one coming.

 

[Synthaholic]

Brainiac westwall rubbed his two brain cells together and gave me a thumbs down. Does he think I'm bluffing? Does he think at all?

 

[westwall]

Brainiac westwall rubbed his two brain cells together and gave me a thumbs down. Does he think I'm bluffing? Does he think at all?

Compared to your 2 watt light bulb, my 150 watt bulb is far more powerful.

DURRRRRRRRRRRRRRRRR

 

[Synthaholic]

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.

 

[Flash]

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

We Americans knew that Potatohead was lying his ass off when he said he wouldn't raise taxes on any American making less than $400K a year and that is why we reelected Trump.

However, Potatohead managed to steal the 2020 election.

It was only the stupid Moon Bats that allowed Potatohead to get away with stealing the election that believed the lie about taxes. They are dumbasses.

Inflation is the cruelest tax of all.

 

[Donald H]

The problem for working class Americans has been realized for many years! The income inequality is destroying the country and came dangerously close with the coup attempt against government.

But the second phase of placing the blame has also been actively pursued for years too, and there's no progress being made yet.

The American political system is flawed in that it allows no political agenda to be fulfilled by either party, allowing full freedom to pursue their agenda.

It's not a matter of which party will do the right thing or the wrong thing, it'a a matter of no party having enough power to act so that success or failure to fulfill the needs of the people can finally be clearly demonstrated.

The parliamentary system as practiced in many other countries differs in that the ruling party either takes the praise or the blame, and has nobody else responsible.

 

[miketx]

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

Enjoy your new tax hikes commie. Assuming you even live here.

 

[miketx]

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.

GD liar.

 

[Donald H]

And also obvious fwiiw, the spamming of each other by both sides seems to indicate only a bigger sh-tfight coming, instead of any of the issues of the working class American being addressed and acted upon.l

Comments? To the point for a change?

 

[ReinyDays]

Wow ... that's nasty ... I guess I should thank everyone for paying my fair share of this crap ...

 

[yidnar]

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.

Trump isnt in office ....

 

[Synthaholic]

Enjoy your new tax hikes commie. Assuming you even live here.

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.

 

[Synthaholic]

GD liar.

Then show us in the 2017 bill where this is a lie.