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List of tax hikes in the inflation bill
Posted on 8/8/22 at 8:18 am
Posted on 8/8/22 at 8:18 am
LINK
$6.5 Billion Natural Gas Tax Which Will Increase Household Energy Bills
$12 Billion Crude Oil Tax Which Will Increase Household Costs
$1.2 Billion Coal Tax Which Will Increase Household Energy Bills
Corporate Income Tax Hike on U.S. Businesses Which Will Be Passed on to Households
$124 Billion Stock Tax Which Will Hit Your Nest Egg — 401(k)s, IRAs and Pension Plans
95% Federal Excise Tax on American Pharmaceutical Manufacturers
$52 Billion Income Tax Hike on Mid-Sized & Family Businesses
Read the article - it’s infuriating
$6.5 Billion Natural Gas Tax Which Will Increase Household Energy Bills
$12 Billion Crude Oil Tax Which Will Increase Household Costs
$1.2 Billion Coal Tax Which Will Increase Household Energy Bills
Corporate Income Tax Hike on U.S. Businesses Which Will Be Passed on to Households
$124 Billion Stock Tax Which Will Hit Your Nest Egg — 401(k)s, IRAs and Pension Plans
95% Federal Excise Tax on American Pharmaceutical Manufacturers
$52 Billion Income Tax Hike on Mid-Sized & Family Businesses
Read the article - it’s infuriating
This post was edited on 8/8/22 at 8:19 am
Posted on 8/8/22 at 8:20 am to NashvilleTider
quote:
95% Federal Excise Tax on American Pharmaceutical Manufacturers
Is this the tax that is supposed to lower prescription drug prices?
Posted on 8/8/22 at 8:21 am to The Maj
More like triple the cost will be the effect.
Posted on 8/8/22 at 8:21 am to NashvilleTider
All affecting the middle class the most. frick you democrat voters and Trump haters. frick you to hell.
Posted on 8/8/22 at 8:23 am to NashvilleTider
Will anything in the bill effect capital gains taxes?
Posted on 8/8/22 at 8:26 am to NashvilleTider
quote:
$124 Billion Stock Tax Which Will Hit Your Nest Egg — 401(k)s, IRAs and Pension Plans
Companies will either hoard cash or pay/increase dividends to side step this. Not necessarily a huge deal, pretty fricked up that all the republicans voted against it and it still passes.
Posted on 8/8/22 at 8:26 am to NashvilleTider
Joe Manchin, in effect, has personally passed this bill.
Posted on 8/8/22 at 8:26 am to themunch
quote:
More like triple the cost will be the effect.
But, but if they get 95% FET, then triple the costs, then pay for some of the folks increased drug costs, have they not decreased Rx costs for some?
I am about to have a stroke trying to figure out how the liberal mind works... Sorry...
Posted on 8/8/22 at 8:27 am to NashvilleTider
"No one making under $400,000 will see an increase in their taxes"
"Read my lips! No new taxes"
"Read my lips! No new taxes"
Posted on 8/8/22 at 8:33 am to NashvilleTider
Pure scum, all of them...the American people are getting what they voted for, though...
Posted on 8/8/22 at 8:34 am to jrobic4
No I am not thank you very much.
Posted on 8/8/22 at 8:59 am to themunch
The good ole Democratic Tax and Theft Party at it again....
Seriously, if you supported anyone on their platform, kindly go frick yourself.
There is no reconciling with you leftists. You are hellbent on running this country straight into the bowels of hell. You damn people don't deserve to live in what hasn't been fricked up beyond recognition yet in this republic.
Seriously, if you supported anyone on their platform, kindly go frick yourself.
There is no reconciling with you leftists. You are hellbent on running this country straight into the bowels of hell. You damn people don't deserve to live in what hasn't been fricked up beyond recognition yet in this republic.
This post was edited on 8/8/22 at 9:00 am
Posted on 8/8/22 at 9:00 am to NashvilleTider
When Bernie sanders comes out and says it won’t do anything to lower inflation
That caught my attention
That caught my attention
Posted on 8/8/22 at 9:00 am to NashvilleTider
This is a climate/IRS/tax bill....
Nothing to do with INFLATION!
$400 BILLION for CLIMATE CHANGE.....and it will NOT change the climate! Mother Nature in charge here.
Nothing to do with INFLATION!
$400 BILLION for CLIMATE CHANGE.....and it will NOT change the climate! Mother Nature in charge here.
This post was edited on 8/8/22 at 9:11 am
Posted on 8/8/22 at 9:01 am to NashvilleTider
Well, it’s the governments money anyway.
“You didn’t build that!”
“You didn’t build that!”
Posted on 8/8/22 at 9:03 am to The Eric
quote:how soon will this be interpreted as “no one with a net worth under $400,000 will see an increase in their taxes”
"No one making under $400,000 will see an increase in their taxes"
maybe it has already
Posted on 8/8/22 at 9:10 am to NashvilleTider
Phil Kerpen
@kerpen
·
Follow
Crapo amendment to the Manchin bill to limit the bill's 87,000 new IRS agents to auditing companies and individuals with income of $400,000 or more FAILED 50-50. LINK
@kerpen
·
Follow
Crapo amendment to the Manchin bill to limit the bill's 87,000 new IRS agents to auditing companies and individuals with income of $400,000 or more FAILED 50-50. LINK
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