Author Topic: Biden Proposes Massive Tax Increase  (Read 5217 times)

Dos Equis

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Biden Proposes Massive Tax Increase
« on: April 24, 2024, 04:12:09 PM »
I have some choice words for this man.   >:(

Biden Calls for 44.6% Capital Gains Tax Rate, Highest Capital Gains Tax Since Its Creation in 1922
And don’t forget to add the state capital gains tax: the Biden combined federal-state rate would exceed 50% in many states
John Kartch
04/23/2024
https://www.atr.org/biden-calls-for-44-6-capital-gains-tax-rate-highest-capital-gains-tax-since-its-creation-in-1922/

Dos Equis

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Re: Biden Proposes Massive Tax Increase
« Reply #1 on: April 24, 2024, 04:15:41 PM »
A full list of his proposed tax increases, including raising the corporate tax rate.  This is the kind of thing you expect from a socialist idiot who has never run a business and does not understand how the economy works.  This would be a disaster.  I would walk over crushed glass to vote for Trump over Biden on this basis alone.

https://www.pgpf.org/blog/2024/04/president-bidens-budget-calls-for-raising-43-trillion-in-revenues-over-ten-years-heres-how

chaos

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Re: Biden Proposes Massive Tax Increase
« Reply #2 on: April 24, 2024, 04:29:06 PM »
ORANGE MAN BAD!!!! >:( >:( >:(
Liar!!!!Filt!!!!

IroNat

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Re: Biden Proposes Massive Tax Increase
« Reply #3 on: April 24, 2024, 05:40:37 PM »
The proposed cap gains tax rate increase applies to investors who make over $1 million a year.

See details:

https://www.kiplinger.com/taxes/biden-calls-for-doubling-capital-gains-tax-rate

This will never pass.

Some of it is bargaining.  Ask for a lot...settle for less.

Moontrane

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Re: Biden Proposes Massive Tax Increase
« Reply #4 on: April 24, 2024, 05:49:54 PM »
I have some choice words for this man.   >:(

Biden Calls for 44.6% Capital Gains Tax Rate, Highest Capital Gains Tax Since Its Creation in 1922
And don’t forget to add the state capital gains tax: the Biden combined federal-state rate would exceed 50% in many states
John Kartch
04/23/2024
https://www.atr.org/biden-calls-for-44-6-capital-gains-tax-rate-highest-capital-gains-tax-since-its-creation-in-1922/

Damn the tax revenue, It's about fairness!


Soul Crusher

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Re: Biden Proposes Massive Tax Increase
« Reply #5 on: April 25, 2024, 03:24:22 AM »
Worst presidency in lifetime.    Horrible.   



I have some choice words for this man.   >:(

Biden Calls for 44.6% Capital Gains Tax Rate, Highest Capital Gains Tax Since Its Creation in 1922
And don’t forget to add the state capital gains tax: the Biden combined federal-state rate would exceed 50% in many states
John Kartch
04/23/2024
https://www.atr.org/biden-calls-for-44-6-capital-gains-tax-rate-highest-capital-gains-tax-since-its-creation-in-1922/

Gym Rat

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Re: Biden Proposes Massive Tax Increase
« Reply #6 on: April 25, 2024, 05:30:51 AM »
Pant-Shitter and his "gang of groin-gravy guzzling goofballs" deserve a plane crash...


IroNat

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Re: Biden Proposes Massive Tax Increase
« Reply #7 on: April 25, 2024, 07:22:57 AM »
More taxes, more dates.

IroNat

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Re: Biden Proposes Massive Tax Increase
« Reply #8 on: April 25, 2024, 07:23:39 AM »
Pant-Shitter and his "gang of groin-gravy guzzling goofballs" deserve a plane crash...



I think black folk prefer Popeyes's.

Dos Equis

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Re: Biden Proposes Massive Tax Increase
« Reply #9 on: April 25, 2024, 01:39:49 PM »
Worst presidency in lifetime.    Horrible.

And I didn't think we could have done worse than Obama.  We did. 

Grape Ape

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Re: Biden Proposes Massive Tax Increase
« Reply #10 on: April 25, 2024, 03:39:47 PM »
Taxing unrealized capital gains is madness.

The tax in and of itself is stupid.
Y

SOMEPARTS

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Re: Biden Proposes Massive Tax Increase
« Reply #11 on: April 25, 2024, 06:28:25 PM »
Anything to kill the middle class. There are many nimby libs who think they are above middle class status. They aren't.

Humble Narcissist

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Re: Biden Proposes Massive Tax Increase
« Reply #12 on: April 26, 2024, 12:50:47 AM »
Living up to the "you will own nothing and be happy" promise. The death tax is probably the worst.

Dos Equis

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Re: Biden Proposes Massive Tax Increase
« Reply #13 on: April 26, 2024, 04:29:21 PM »
Taxing unrealized capital gains is madness.

The tax in and of itself is stupid.

Agree.

Dos Equis

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Re: Biden Proposes Massive Tax Increase
« Reply #14 on: April 26, 2024, 04:30:05 PM »
Steve Forbes: America will be in another Great Depression if Biden does this


Coach is Back!

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Re: Biden Proposes Massive Tax Increase
« Reply #15 on: April 26, 2024, 07:41:46 PM »
And I didn't think we could have done worse than Obama.  We did.

50 years in DC and literally nothing meaningful to show for it except for being a known racist and segregationist. You don't become a career politician unless there's money to be made, especially if you're in for 50 friggen years.

GymnJuice

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Re: Biden Proposes Massive Tax Increase
« Reply #16 on: August 23, 2024, 03:48:42 PM »
Bump for Kamala's similar tax plan for unrealized capital gains. They start by taxing only the extremely wealthy, then they spread it to everyone else bit by bit.

https://finance.yahoo.com/news/kamala-harris-supports-tax-unrealized-193900073.html


Primemuscle

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Re: Biden Proposes Massive Tax Increase
« Reply #17 on: August 23, 2024, 05:05:48 PM »
50 years in DC and literally nothing meaningful to show for it except for being a known racist and segregationist. You don't become a career politician unless there's money to be made, especially if you're in for 50 friggen years.

To become a career politician one must win elections, over and over again. He won and kept winning his Senate seat seven times. Obama selected him to be his running mate so, technically he was along with Obama twice elected VP. He was elected President in 2000. All this adds up to ten times that people voted for him, putting him in office over a period of fifty-two years.

His starting Senate salary was $42,500 in 1973. His ending Senate salary was 169,200. As VP he was paid in 2008 $221,100 and in 2016 it grew to $230,700. As President he earns $400,000 per year. Add his pension and Social Security to this and he has done well, so you are right there is money to be earned when elected and serving in Office.

Had you chosen to be a politician/senator how many elections do you imagine you would have won?   

GymnJuice

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Re: Biden Proposes Massive Tax Increase
« Reply #18 on: August 23, 2024, 06:04:54 PM »
His starting Senate salary was $42,500 in 1973. His ending Senate salary was 169,200. As VP he was paid in 2008 $221,100 and in 2016 it grew to $230,700. As President he earns $400,000 per year. Add his pension and Social Security to this and he has done well, so you are right there is money to be earned when elected and serving in Office.

Don't forget to include all the kickbacks to his son from the Ukraine.

LurkerNoMore

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Re: Biden Proposes Massive Tax Increase
« Reply #19 on: August 23, 2024, 06:11:08 PM »
To become a career politician one must win elections, over and over again. He won and kept winning his Senate seat seven times. Obama selected him to be his running mate so, technically he was along with Obama twice elected VP. He was elected President in 2000. All this adds up to ten times that people voted for him, putting him in office over a period of fifty-two years.

His starting Senate salary was $42,500 in 1973. His ending Senate salary was 169,200. As VP he was paid in 2008 $221,100 and in 2016 it grew to $230,700. As President he earns $400,000 per year. Add his pension and Social Security to this and he has done well, so you are right there is money to be earned when elected and serving in Office.

Had you chosen to be a politician/senator how many elections do you imagine you would have won?


BWAHAHAHAHAHAHHAHAHAHAHA HA!!!!

jude2

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Re: Biden Proposes Massive Tax Increase
« Reply #20 on: August 23, 2024, 06:40:56 PM »
Taxing unrealized capital gains is madness.

The tax in and of itself is stupid.
It is the most insane tax policy I have ever seen.

Dos Equis

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Re: Biden Proposes Massive Tax Increase
« Reply #21 on: August 23, 2024, 06:49:35 PM »
Bump for Kamala's similar tax plan for unrealized capital gains. They start by taxing only the extremely wealthy, then they spread it to everyone else bit by bit.

https://finance.yahoo.com/news/kamala-harris-supports-tax-unrealized-193900073.html

Spot on.

Skeletor

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Re: Biden Proposes Massive Tax Increase
« Reply #22 on: August 23, 2024, 07:48:28 PM »
To become a career politician one must win elections, over and over again. He won and kept winning his Senate seat seven times. Obama selected him to be his running mate so, technically he was along with Obama twice elected VP. He was elected President in 2000. All this adds up to ten times that people voted for him, putting him in office over a period of fifty-two years.

His starting Senate salary was $42,500 in 1973. His ending Senate salary was 169,200. As VP he was paid in 2008 $221,100 and in 2016 it grew to $230,700. As President he earns $400,000 per year. Add his pension and Social Security to this and he has done well, so you are right there is money to be earned when elected and serving in Office.

Had you chosen to be a politician/senator how many elections do you imagine you would have won?

And there I was thinking it was George Halfwit Bush that was elected President in 2000.

Humble Narcissist

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Re: Biden Proposes Massive Tax Increase
« Reply #23 on: August 24, 2024, 01:20:41 AM »
It is the most insane tax policy I have ever seen.
Most voting for her receive no capital gains.

jude2

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Re: Biden Proposes Massive Tax Increase
« Reply #24 on: August 24, 2024, 10:25:56 AM »
Most voting for her receive no capital gains.
True but raising corporate tax rate will cause the prices to go up and that will hit all people.