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Biden Tries to raise taxes while new inflation numbers are higher than expected

Posted on 6/10/22 at 9:32 am
Posted by Jjdoc
Cali
Member since Mar 2016
53435 posts
Posted on 6/10/22 at 9:32 am
quote:

May Inflation Number Higher than Expected at 8.6% – CPI is Highest in 40 Years, Since 1981 and Higher than Expected — Food, Gas, Utilities — EVERYTHING IS HIGHER





The inflation rate was 1.4% when Joe Biden came into office.

Utilities up 30% year over year.
Gas is up 49% in one year.

CPI higher than expected at 8.6%.

Food is up 10%.
Energy is up.
Hotel prices 9% up month over month.
Air prices 18.6% jump over month before and 37% over last year.





He continues to squash Oil and Gas...



NOW he wants to raise the tax on people!



LINK


Posted by David_DJS
Member since Aug 2005
17786 posts
Posted on 6/10/22 at 9:35 am to
F’n Putin!
Posted by Big4SALTbro
Member since Jun 2019
14800 posts
Posted on 6/10/22 at 9:36 am to
But he was only going to tax the rich.
Posted by Septiger
Member since Nov 2020
1598 posts
Posted on 6/10/22 at 9:36 am to
Russia , Russia,Russia.
Trump, Trump, Trump.
Posted by jp4lsu
Member since Sep 2016
4954 posts
Posted on 6/10/22 at 9:42 am to
Inflation is too much money supply in the economy. We need to reduce money in the economy that is creating the inflation. So raise taxes to get the money supply out of the economy and into the govt.
Makes perfect sense. I don't see the problem.
(sarcasm implied)
Posted by dkreller
Laffy
Member since Jan 2009
30262 posts
Posted on 6/10/22 at 9:44 am to
What a bunch of malarkey
Posted by TexanTiger68
Houston, TX
Member since Oct 2021
4339 posts
Posted on 6/10/22 at 9:46 am to
They've been low for some time. Not sure why it wasn't done before.

For the first time in my real working life, I got back money (about $3k or so) from my tax filings last year.

It's just a matter of time before it all goes back up.
Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11069 posts
Posted on 6/10/22 at 9:51 am to
I doubt tax receipts have ever been higher on top of it
Posted by The Pirate King
Pangu
Member since May 2014
57579 posts
Posted on 6/10/22 at 9:57 am to
quote:

For the first time in my real working life, I got back money (about $3k or so) from my tax filings last year.


Your indoctrination makes sense now. Thank you for the context about where you are in life.
Posted by TrueTiger
Chicken's most valuable
Member since Sep 2004
67651 posts
Posted on 6/10/22 at 10:00 am to

Inflation is a tax.
Posted by canyon
Member since Dec 2003
18300 posts
Posted on 6/10/22 at 10:01 am to
Ahhhhh, yeah. So, in your mind, as mashed as it is, shite just naturally turns around from being pretty damn good, to completely fricked? Just because, what goes down, goes up?
Posted by jp4lsu
Member since Sep 2016
4954 posts
Posted on 6/10/22 at 10:15 am to
How is taking money out of the people's hands and giving it to the bloated bureaucracy of waste a good thing?
How about lets cut some spending instead of growing govt?
Posted by trinidadtiger
Member since Jun 2017
13290 posts
Posted on 6/10/22 at 10:15 am to
While the interest rate hikes are needed, all the focus seems to be there.

The media rarely talks about quantitative easing and the fact the Fed now has 8.6 trillion on its balance sheet, thats a whole lot of cash to throw onto a bonfire. And now in true fashion they are tightening it quickly AT THE SAME TIME as doble notching the points on increased rates. Always over reacting and always late. So expect a recession, stagflation, and right into a depression.
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
259898 posts
Posted on 6/10/22 at 10:16 am to
quote:

They've been low for some time. Not sure why it wasn't done before.


Pay more. Its an easy fix

But you don't want that. You want others to pay for you because you're a taker.
This post was edited on 6/10/22 at 10:17 am
Posted by KAGTASTIC
Member since Feb 2022
7989 posts
Posted on 6/10/22 at 11:45 am to
Ok...help me with something...best simple response to the people that said/say that the President can't control the economy, inflation or price of gas?

Anything ironed out that has worked to get them pissed they can't use this verbiage anymore?

We all got these people we know that hung their hats on that a year ago, and now its time to red-pill them for good. TIA
Posted by KAGTASTIC
Member since Feb 2022
7989 posts
Posted on 6/10/22 at 11:52 am to
quote:

It's just a matter of time before it all goes back up.


Do you not at all care about the govt responding by going the opposite direction, and cutting costs? I mean do private companies do what the govt and instantly raise prices without looking at how to cut the costs first? Does the everyday family just act flippant about their rising costs, and just say "ohhh well its bound to go up, so lets keep spending the way we do?"

I'm sure you are what I've seen referred to on here as an "OTBaller," so you don't care about the peasants. Just wondering if you think the avg person can be so flippant about stuff like this.
Posted by TiptonInSC
Aiken, SC
Member since Dec 2012
18903 posts
Posted on 6/10/22 at 12:23 pm to
quote:

TexanTiger68


Congrats on keeping your job at Canes
Posted by roadkill
East Coast, FL
Member since Oct 2008
1834 posts
Posted on 6/10/22 at 12:31 pm to
quote:

my real working life


1099 employee for ANTIFA/Soros??

quote:

I got back money (about $3k or so) from my tax filings last year.



So you're one of the low-IQ dumb-asses who overpays all year, effectively loaning the government money, interest free??
Posted by tgdawg68
Georgia
Member since Dec 2019
568 posts
Posted on 6/10/22 at 12:31 pm to
quote:

For the first time in my real working life, I got back money (about $3k or so) from my tax filings last year.


So you're saying you have been paying and all of the sudden you get $3k back. Lose your job? or just full of shite?
Posted by jimmy the leg
Member since Aug 2007
34002 posts
Posted on 6/10/22 at 12:36 pm to
quote:

NOW he wants to raise the tax on people!


Impossible...

I don’t make 400k annually!!!


It seems as though Joe has a message for the working class in America:

This post was edited on 6/10/22 at 12:41 pm
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