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List of tax hikes in the inflation bill

Posted on 8/8/22 at 8:18 am
Posted by NashvilleTider
Your Mom
Member since Jan 2007
11370 posts
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
This post was edited on 8/8/22 at 8:19 am
Posted by The Maj
Member since Sep 2016
27117 posts
Posted on 8/8/22 at 8:20 am to
quote:

95% Federal Excise Tax on American Pharmaceutical Manufacturers


Is this the tax that is supposed to lower prescription drug prices?
Posted by themunch
Earth. maybe
Member since Jan 2007
64658 posts
Posted on 8/8/22 at 8:20 am to
The Great Reset
Posted by themunch
Earth. maybe
Member since Jan 2007
64658 posts
Posted on 8/8/22 at 8:21 am to
More like triple the cost will be the effect.
Posted by RockyMtnTigerWDE
War Damn Eagle Dad!
Member since Oct 2010
105408 posts
Posted on 8/8/22 at 8:21 am to
All affecting the middle class the most. frick you democrat voters and Trump haters. frick you to hell.
Posted by Sal Minio
17th Street Canal
Member since Sep 2006
4180 posts
Posted on 8/8/22 at 8:23 am to
Will anything in the bill effect capital gains taxes?
Posted by Triple Bogey
19th Green
Member since May 2017
5985 posts
Posted on 8/8/22 at 8:26 am to
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 by LSU90
Baton Rouge
Member since Nov 2012
677 posts
Posted on 8/8/22 at 8:26 am to
Joe Manchin, in effect, has personally passed this bill.
Posted by The Maj
Member since Sep 2016
27117 posts
Posted on 8/8/22 at 8:26 am to
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 by The Eric
Louisiana
Member since Sep 2008
20989 posts
Posted on 8/8/22 at 8:27 am to
"No one making under $400,000 will see an increase in their taxes"


"Read my lips! No new taxes"

Posted by Bow08tie
Louisiana
Member since Oct 2011
4221 posts
Posted on 8/8/22 at 8:31 am to
It’s a communist mind
Posted by jrobic4
Baton Rouge
Member since Aug 2011
6985 posts
Posted on 8/8/22 at 8:33 am to
Pure scum, all of them...the American people are getting what they voted for, though...
Posted by themunch
Earth. maybe
Member since Jan 2007
64658 posts
Posted on 8/8/22 at 8:34 am to
No I am not thank you very much.
Posted by BayouBengal51
Forest Hill, Louisiana
Member since Nov 2006
6535 posts
Posted on 8/8/22 at 8:59 am to
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.

This post was edited on 8/8/22 at 9:00 am
Posted by winkchance
St. George, LA
Member since Jul 2016
4106 posts
Posted on 8/8/22 at 9:00 am to
81 million votes.
Posted by Lawyered
The Sip
Member since Oct 2016
29293 posts
Posted on 8/8/22 at 9:00 am to
When Bernie sanders comes out and says it won’t do anything to lower inflation

That caught my attention
Posted by oldskule
Down South
Member since Mar 2016
15476 posts
Posted on 8/8/22 at 9:00 am to
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.
This post was edited on 8/8/22 at 9:11 am
Posted by Mid Iowa Tiger
Undisclosed Secure Location
Member since Feb 2008
18640 posts
Posted on 8/8/22 at 9:01 am to
Well, it’s the governments money anyway.

“You didn’t build that!”

Posted by FearlessFreep
Baja Alabama
Member since Nov 2009
17294 posts
Posted on 8/8/22 at 9:03 am to
quote:

"No one making under $400,000 will see an increase in their taxes"
how soon will this be interpreted as “no one with a net worth under $400,000 will see an increase in their taxes”

maybe it has already
Posted by Jbird
In Bidenville with EthanL
Member since Oct 2012
73439 posts
Posted on 8/8/22 at 9:10 am to
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
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