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re: Here are the massive tax increases coming your way in a second Biden term

Posted on 4/17/24 at 7:38 am to
Posted by Champagne
Already Conquered USA.
Member since Oct 2007
48288 posts
Posted on 4/17/24 at 7:38 am to
People don't think that far ahead.
Posted by oklahogjr
Gold Membership
Member since Jan 2010
36761 posts
Posted on 4/17/24 at 7:45 am to
We gonna have to increase revenue to pay off the debt. If you want a balanced budget the answer can't be less revenue
Posted by deltaland
Member since Mar 2011
90547 posts
Posted on 4/17/24 at 11:22 am to
quote:

Theyre coming despite the President. Its inevitable. This is what decades of deficit spending lead to.


We could just you know cut spending
Posted by deltaland
Member since Mar 2011
90547 posts
Posted on 4/17/24 at 11:24 am to
So how does a 2nd death tax work?
Posted by FredBear
Georgia
Member since Aug 2017
14979 posts
Posted on 4/17/24 at 11:25 am to
quote:

We gonna have to increase revenue to pay off the debt. If you want a balanced budget the answer can't be less revenue



That's done by cutting taxes and growing the economy, not adding to the tax burden and constricting it like your brain dead democrat heros want to do
Posted by captainFid
Vestavia, AL
Member since Dec 2014
4696 posts
Posted on 4/17/24 at 11:28 am to
I'm still trying to adjust to the 'new normal' food prices.
Posted by Taxing Authority
Houston
Member since Feb 2010
57124 posts
Posted on 4/17/24 at 11:31 am to
quote:

We gonna have to increase revenue to pay off the debt.
Nope. If you took every dollar of income earned above $1 million, it wouldn’t even balance the current budget, muchless retire any debt. While you could triple rates on the middle class and pickup a lot more revenue… it’s politically suicide.

quote:

If you want a balanced budget the answer can't be less revenue
Only cutting entitlements will work.
Posted by SlowFlowPro
Simple Solutions to Complex Probs
Member since Jan 2004
422114 posts
Posted on 4/17/24 at 11:33 am to
quote:

We gonna have to increase revenue to pay off the debt.

That's not going to work, just like growing the economy isn't going to work.

Tax revenue is not going to exceed 20% of GDP.

We have to cut spending.
Posted by SlowFlowPro
Simple Solutions to Complex Probs
Member since Jan 2004
422114 posts
Posted on 4/17/24 at 11:33 am to
quote:

That's done by cutting taxes and growing the economy,

Posted by LSUbest
Coastal Plain
Member since Aug 2007
10990 posts
Posted on 4/17/24 at 11:43 am to
quote:


Well, maybe Biden is trying to fix inflation by causing a recession.


Go bigger - Depression.
Posted by ronricks
Member since Mar 2021
6411 posts
Posted on 4/17/24 at 11:47 am to
What is going to happen is some enterprising countries are going to offer free citizenship and other incentives to disgruntled Americans to expatriate and bring their wealth with them. Would love to see the shite show this country becomes when that starts happening and there are more takers than producers left.
Posted by beebefootballfan
Member since Mar 2011
19017 posts
Posted on 4/17/24 at 9:45 pm to
Everybody better sell those overpriced houses right now before Biden removes that capital gains threshold.
Posted by Jdash13
Gonzales
Member since Jan 2023
165 posts
Posted on 4/17/24 at 11:55 pm to
quote:

and the Republicans should have this on loop on every station in America.

Will they? No.



That is because winning elections and wielding power is not what republicans in congress like. They just hope to hold onto power and never move a true conservative agenda forward.
Posted by Jdash13
Gonzales
Member since Jan 2023
165 posts
Posted on 4/17/24 at 11:55 pm to
quote:

and the Republicans should have this on loop on every station in America.

Will they? No.



That is because winning elections and wielding power is not what republicans in congress like. They just hope to hold onto power and never move a true conservative agenda forward.
Posted by Jdash13
Gonzales
Member since Jan 2023
165 posts
Posted on 4/17/24 at 11:55 pm to
quote:

and the Republicans should have this on loop on every station in America.

Will they? No.



That is because winning elections and wielding power is not what republicans in congress like. They just hope to hold onto power and never move a true conservative agenda forward.
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