Here are the massive tax increases coming your way in a second Biden term

I see because you saw the rules in place you tried hard but couldnt get passed #3. That's why #4 is so meaningful.

 

You cant have 13 Carrier Battle Groups and 4,000 nuclear missiles plus the vast network of military expenses without paying some taxes. The rest of our investment in governing pales to the rest of the world. We over spend military by a factor of 2X yet the conservative movements seems to run at expenses for poverty and welfare before looking at where your money goes.


https://www.oecd.org/tax/revenue-statistics-united-states.pdf

 

That’s just the starting point…if you trust the White House.
It will only get worse.

 

… that’s better than the govt grifting us.
I’d rather corps, and hopefully the employees getting the benefits.

 

Good. The military is one of the few things govt gets right.
Instead of griping about our stability, you should be grateful to our military.

 

You asked why I want to pay taxes since the government is incompetent. I showed you where the bulk of our spending goes in excess of other countries and you just approved of where that goes. It is not a big leap to take the next step and say that that burden should be carried by those with money which the 2017 tax cut does not do. I mean, how do you guys talk about the little guy and inflation then look at the 2017 tax cut and give it two thumbs up?

 

I dont think this is said enough. We have one of the largest populations, which works the most hours in the modern world, and is among the most productive. That is all multiplicative in value and is the source of our wealth, among some other attributes like stable legal rules.

 

The wealthy already pay all the bills!!! You’re trying to squeeze them even more…stop it.
I never said we shouldn’t pay taxes. Good lawd.

 

Maybe some of those other countries should start paying more (NATO) so we don't have to be in the position to take care of it for them. Didn't Trump try to do that?

 

The wealthy are squeezed? By what definition other than the measure that people always want to pay less?

If they have a record level of wealth concentration wouldn’t that suggest they aren’t actually squeezed?

 

We dont pay a cent more based on what they pay. You can attack their readiness but we aren’t spending based on Italy’s military.

 

was anything I said incorrect?

 

The unrealized gain thing will never happen imo.
For the simple reason that it means the people holding the majority of the stock would hold less, which means lower stock prices and the people they are trying to protect lose. And it means less government revenue as a result. Do they get a refund next year when the stock goes down? If not, then it makes the risk reward on stock ownership far worse. It’s self defeating and not much more than pandering.

 

I’m not in favor of hammering corps with a big tax. But consider roughly 40% of US stock is owned by foreign groups/investors. Therefore having a lower US corp tax also puts more $ in their pockets.

but we seem to care so little about a balanced budget anymore. highways and F35s don’t grow out of the ground. We’re borrowing trillions each year.

 

First, this is an OPINION-piece, not a fact of what’s going to happen.

Second, I doubt each of the increases happen given that I doubt Congress will reach consensus.

Third, isn’t it nice to have a discussion about a real governing issue, as opposed where most of the attention is focused?

 

not rhetorical but curious what are your thoughts on our $trillion deficit? And we had around a trillion $ deficit under Trump pre Covid and we’ve heard very little from his campaign platform about going after it.

 

No one brings out the DOH! patroh' like @flgator2 !

Lol!

 

No suh.. not the shareholders.

The end users. O/K/A...

Consumers.

Ie. We da peeps.

 

Excellent Pitt.

Would but that we could focus and a hair thin slice of overlap in ideology for more than a fleeting second...

So here's to that one fleeting sec, and props for being the guy who tapped it.