When Americans hurt, Dems dial up the pain

Politics
21

$400k+ is middle class? Since when?

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22

Because corporations, like Democrats are just naturally chock full of altruism and will eat the extra cost themselves right?

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23

Those making under $10,000 will see a .3% increase in their federal taxes; those making between $30,000 and $75,000 will see a .1% increase; those making between $75,000 and $100,000 a .2% increase; those making between $100,000 and $500,000 a .3% increase; those making between $500,000 and $1,000,000 a .5% increase; and those making over $1,000,000 a year will see a .6% increase, according to the JCT.

Corporations are in charge of deciding the federal taxes people will pay?

24

People making 400K a year provide a lot of jobs for people. It will make it harder to give raises also. If high taxes caused prosperity then Cal and New york would not be the poverty and crime capitals of the US when cost of living is factored in…

25

No it will not be harder for them to give raises at work if their personal taxes go up

27

Irrelevant. If you take this perspective then basically everything that leads to businesses paying more is a tax on everyone.

28

What are you talking about? Did you read the CNN article?

29

When businesses are forced to raise prices directly as a result of new government taxes, regulations and policies, and those new taxes, regulations and policies are unnecessarily imposed during the worst inflation and highest gas prices in over 40 years, then the pain felt by Americans as a result is 100% deliberately inflicted by the government. But of course being a good little obedient Lib, you’re not programmed to recognize, let alone criticize the actions of your benevolent big brother Joe and his gang of sadistic, incompetent pieces of ■■■■ in his administration. You are excused for your ignorance and apathy.

However, I’m under no such limitation, so:

LETS GO BRANDON AND THE EVIL HAG HE RODE INTO OFFICE ON!!

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30

They aren’t “forced”. Raising prices is the most natural outcome, but they have other avenues they might consider if they are trying to keep their prices competitive like finding other places to cut costs. But again, this is irrelevant because raising taxes on businesses is not the same as raising taxes on individuals. It’s dishonest to claim that raising taxes on businesses is also raising taxes on individuals because its not. Even if the costs are passed down to consumers its not the same thing.

Why are you trying to make things personal?

Who is the “evil hag” is this completely normal and level-headed statement you’ve written in all caps?

31

There’s a heck of a “tax” being passed on to EVERYONE by the failed Brandon administration in the form of inflation.

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32

Biden really ■■■■■■ up when he caused Covid-19 and locked down most of the world in 2020, didn’t he؟

33

I quoted what I was talking about. According to the JCT, these people will see an increase in their FEDERAL TAXES.

Those making under $10,000 will see a .3% increase in their federal taxes; those making between $30,000 and $75,000 will see a .1% increase; those making between $75,000 and $100,000 a .2% increase; those making between $100,000 and $500,000 a .3% increase; those making between $500,000 and $1,000,000 a .5% increase; and those making over $1,000,000 a year will see a .6% increase, according to the JCT.

Jesus, Mary and Joseph and the wee donkey…

34

Claiming the fact that Democrats always lie Manchin the moron is not going to get a pipeline that goes against the green and mean new deal alter Democrats worship at while offering the American people as sacrifices to their GW/CC gods.

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35

.3%!of $100k is $300

36

2 incomes, upper middle class, you betcha.

37

Is it an increase?

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38

So now we have gone from it’s only households above $400k to well, it’s only…?

Aren’t libs arms tired yet?

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39

No it’s not. Above $374k is considered rich

40

"However, the analysis takes into account the indirect effect of the bill’s provision to impose a 15% minimum tax on certain corporations. Economists assume companies would then pass along part of their tax increase to employees by reducing their after-tax wages and job opportunities. Also, shareholders would take a hit since the value of their stock holdings, including those held in pensions and mutual funds, would likely decline.

…

It’s standard procedure for the JCT to allocate the additional corporate levies to employees and shareholders of all income levels.
“You have to distribute the corporate tax burden to somebody,” said William McBride, vice president of federal tax and economic policy at the Tax Foundation. “It falls on a mixture of [stock] owners and workers, and those are all over the income scale.”"

https://www.cnn.com/2022/07/31/politics/republicans-economic-bill-taxes-inflation/index.html

41

Yeah $300 on $100k. My texes increased more than that under Trump