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NashvilleTider
Alabama Fan
Your Mom
Member since Jan 2007
9897 posts

List of tax hikes in the inflation bill

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 at 8:19 am


The Maj
Alabama Fan
Member since Sep 2016
23045 posts

quote:

95% Federal Excise Tax on American Pharmaceutical Manufacturers


Is this the tax that is supposed to lower prescription drug prices?


themunch
LSU Fan
Down a red dirt road
Member since Jan 2007
58614 posts

The Great Reset


themunch
LSU Fan
Down a red dirt road
Member since Jan 2007
58614 posts

More like triple the cost will be the effect.


RockyMtnTigerWDE
War Damn Eagle Dad!
Member since Oct 2010
96191 posts
 Online 

All affecting the middle class the most. frick you democrat voters and Trump haters. frick you to hell.


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710
Sal Minio
Davidson Fan
17th Street Canal
Member since Sep 2006
3860 posts

Will anything in the bill effect capital gains taxes?


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60
Triple Bogey
LSU Fan
19th Green
Member since May 2017
5244 posts

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.


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41
LSU90
LSU Fan
Baton Rouge
Member since Nov 2012
546 posts

Joe Manchin, in effect, has personally passed this bill.


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331
The Maj
Alabama Fan
Member since Sep 2016
23045 posts

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...


The Eric
USA Fan
Louisiana
Member since Sep 2008
18534 posts

"No one making under $400,000 will see an increase in their taxes"


"Read my lips! No new taxes"



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Bow08tie
LSU Fan
Louisiana
Member since Oct 2011
3824 posts

It’s a communist mind


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120
jrobic4
LSU Fan
Baton Rouge
Member since Aug 2011
3056 posts

Pure scum, all of them...the American people are getting what they voted for, though...


themunch
LSU Fan
Down a red dirt road
Member since Jan 2007
58614 posts

No I am not thank you very much.


BayouBengal51
LSU Fan
Forest Hill, Louisiana
Member since Nov 2006
5938 posts

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 at 9:00 am


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160
winkchance
LSU Fan
St. George, LA
Member since Jul 2016
2814 posts

81 million votes.


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50
Lawyered
Ole Miss Fan
The Sip
Member since Oct 2016
21527 posts

When Bernie sanders comes out and says it won’t do anything to lower inflation

That caught my attention


oldskule
USA Fan
Down South
Member since Mar 2016
11266 posts

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 at 9:11 am


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170
Mid Iowa Tiger
Iowa State Fan
Undisclosed Secure Location
Member since Feb 2008
14281 posts

Well, it’s the governments money anyway.

“You didn’t build that!”



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50
FearlessFreep
Auburn Fan
Baja Alabama
Member since Nov 2009
15283 posts

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


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50
Jbird
Iowa Fan
In Bidenville with EthanL
Member since Oct 2012
70876 posts

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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