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Gigantic “Covid relief” bill coming up. Holy shite this is a redistributionist’s wet dream!
Posted on 3/6/21 at 8:55 pm
Posted on 3/6/21 at 8:55 pm
Just skim this. This is not just a relief bill. These are major, permanent changes to the tax structure. Basically a huge pay raise for a lot of people who already pay negative income tax. It’s flat out permanent wealth redistribution under the guise of a relief bill. Nothing temporary about it.
Enjoy the raise, those who will benefit.
Enjoy the raise, those who will benefit.
quote:
Under current law, most taxpayers can reduce their federal income tax bill by up to $2,000 per child. In a significant change, the bill would increase the tax break to $3,000 for every child age 6 to 17 and $3,600 for every child under the age of 6. The legislation also calls for the payments to be delivered monthly instead of in a lump sum. If the secretary of the Treasury determines that isn’t feasible, then the payments are to be made as frequently as possible. Families would get the full credit regardless of how little they make in a year, leading to criticism that the changes would serve as a disincentive to work. Add in the $1,400 checks and other items in the proposal, and the legislation would reduce the number of children living in poverty by more than half, according to the Center on Poverty and Social Policy at Columbia University.
This post was edited on 3/6/21 at 8:58 pm
14
Posted on 3/6/21 at 9:07 pm to Nature Boy
I honestly don’t see this any different than what any other administration does. It’s basically a tax reform for the child tax credit. Happens every administration. The stimulus payments have also occurred in the past during recessions.
This post was edited on 3/6/21 at 9:14 pm
Posted on 3/6/21 at 9:08 pm to Nature Boy
Liberals are screaming it helps big business and the wealthy
My wife and I are both doctors... covid “heroes!” We get nothing... not complaining except that our taxes are surely going to go up to pay for this. Our hero tax raise
My wife and I are both doctors... covid “heroes!” We get nothing... not complaining except that our taxes are surely going to go up to pay for this. Our hero tax raise
This post was edited on 3/6/21 at 9:09 pm
Posted on 3/6/21 at 9:15 pm to Nature Boy
frick any tax
frick any government giving my fricking money away to worthless pigs
frick them
frick any government giving my fricking money away to worthless pigs
frick them
Posted on 3/6/21 at 9:18 pm to Nature Boy
Why don't I get a tax credit for NOT having kids? I'm doing humanity a favor by not reproducing. fricking bullshite 
Posted on 3/6/21 at 9:24 pm to Nature Boy
quote:
the legislation would reduce the number of children living in poverty by more than half,
Until the standards for poverty change yet again.
Posted on 3/6/21 at 9:25 pm to AndyJ
quote:
Liberals are screaming it helps big business and the wealthy
My wife and I are both doctors... covid “heroes!” We get nothing... not complaining except that our taxes are surely going to go up to pay for this. Our hero tax raise
And just wait until you become enslaved by the "healthcare is a human right!" crowd.
This post was edited on 3/6/21 at 9:26 pm
Posted on 3/6/21 at 10:26 pm to tigersfan1989
quote:
honestly don’t see this any different than what any other administration does. It’s basically a tax reform for the child tax credit. Happens every administration. The stimulus payments have also occurred in the past during recessions.
It’s also only for the 2021 tax year.
Of course they’ll try to change that.
Posted on 3/7/21 at 5:25 am to Vols&Shaft83
quote:
I'm doing humanity a favor by not reproducing
That you are and we all thank you for it
Posted on 3/7/21 at 9:38 am to Nature Boy
Devil Requests Stimulus Funds To Widen The Road To Hell To Meet Increased Demand
HELL—Satan, ruler of demons, upon hearing that stimulus funds are being given out freely to struggling individuals, businesses, and foreign countries, has sought to acquire some stimulus for himself. He realized that with these funds he could finally get around to expanding the path to Hell, and meet the rising demand.
“Does the bill truly say that stimulus funds cannot go towards Hell?” hissed the Devil. “I don’t see why that money can’t go to Hell! Besides, this road isn’t going to pave itself.”
HELL—Satan, ruler of demons, upon hearing that stimulus funds are being given out freely to struggling individuals, businesses, and foreign countries, has sought to acquire some stimulus for himself. He realized that with these funds he could finally get around to expanding the path to Hell, and meet the rising demand.
“Does the bill truly say that stimulus funds cannot go towards Hell?” hissed the Devil. “I don’t see why that money can’t go to Hell! Besides, this road isn’t going to pave itself.”
Posted on 3/7/21 at 9:59 am to tigerpawl
let me guess, youre a Qanon truther?
Posted on 3/7/21 at 12:57 pm to Nature Boy
In exchange for $2000 each, tax payers get to pay about $13,000 more in taxes or inflationary effects. However, bailing out the states with the worst policy failures at the expense of everyone else, will certainly buy some blue votes.
Posted on 3/7/21 at 1:16 pm to Auburn1968
quote:Yet more evidence that Democrats, in general, are just plain evil. And I do mean evil.
In exchange for $2000 each, tax payers get to pay about $13,000 more in taxes or inflationary effects. However, bailing out the states with the worst policy failures at the expense of everyone else, will certainly buy some blue votes.
Posted on 3/7/21 at 1:40 pm to Nature Boy
The whole thing is pretty comical. I love how they lowered the income limits, yet they're still spending $1.9 T. Not even a dent.
Posted on 3/7/21 at 2:27 pm to Nature Boy
Strong correlation between penny stock chasing and poliboard leakage over here.....just saying.
Posted on 3/7/21 at 6:06 pm to Nature Boy
Black farmers get 120% debt relief.
Posted on 3/7/21 at 6:21 pm to Nature Boy
quote:
criticism that the changes would serve as a disincentive to work.
We need to end all of this behavior. Taxpayers are a shrinking group. How can this kind of stuff continue?
Posted on 3/7/21 at 6:48 pm to deltafarmer
quote:
Black farmers get 120% debt relief.
So black farmers and ranchers are getting are 120% of their USDA government loans wiped clean(if I read the bill right). 100% of their loan balance plus an extra 20% for any associated taxes. Fricking brilliant. What a country.
This post was edited on 3/7/21 at 6:50 pm
Posted on 3/7/21 at 6:58 pm to frogtown
quote:
So black farmers and ranchers are getting are 120% of their USDA government loans wiped clean(if I read the bill right). 100% of their loan balance plus an extra 20% for any associated taxes. Fricking brilliant. What a country.
Are white farmers getting any relief? On these "white farms", do they exclusively employ white farm-hands?
Also, on these black farms, are they producing exclusively for black people?
Posted on 3/7/21 at 7:23 pm to Vols&Shaft83
quote:
Are white farmers getting any relief? On these "white farms", do they exclusively employ white farm-hands?
Also, on these black farms, are they producing exclusively for black people?
You say that like it matters. It doesn't. And won't ever again as long as liberals are in charge.
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