- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: List of tax hikes in the inflation bill
Posted on 8/8/22 at 9:16 am to Jbird
Posted on 8/8/22 at 9:16 am to Jbird
quote:
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.
Did anyone think “ oh of course these new hires, they’ll all be working in the executive tier divisions for auditing , we can’t spare them for auditing the lower income people ”
Gimme a damn break. People are so naive and also stupid
0
Posted on 8/8/22 at 9:26 am to NashvilleTider
quote:The bigger story is what this tax is going to do for economic growth and investment. Capital is going to absolutely flee the U.S. There will be no reason for any business to invest more than 7% of their annual income. Ever. It is insane. Unless the business is owned by a hedge fund. They got an exemption (thanks Sinema!)
Corporate Income Tax Hike on U.S. Businesses Which Will Be Passed on to Households
This post was edited on 8/8/22 at 9:27 am
Posted on 8/8/22 at 9:29 am to NashvilleTider
The best thing to stop inflation is to raise taxes and print money...duh.
Posted on 8/8/22 at 9:32 am to Taxing Authority
If any of the capital gains/corporate taxes are true, I'd be very weary about not insuring my assets. They basically spent 2 years and trillions to prop up asset prices, just to crash them. It is government policy to suck capital out of the economy and make industry more uninvestable, all while every taxpayer is getting carved TF out. The state has lost it's freaking mind 
Posted on 8/8/22 at 9:41 am to NashvilleTider
Voters in West Virginia and Arizona, you are on the clock.
Posted on 8/8/22 at 9:52 am to NashvilleTider
And when shite gets expensive because of this crap, democrats will blame the companies who are affected by these dumbass decisions. Because democrats are dumb af.
Posted on 8/8/22 at 9:59 am to NashvilleTider
Thievery at the highest levels ...
Posted on 8/8/22 at 10:02 am to The Maj
quote:
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?
Supposedly the pharmaceutical companies either agree to govt price controls or pay a 95% tax.
If the price controls aren’t profitable then they’ll simply not sell the drug here. That tax could destroy availability of medicine
Posted on 8/8/22 at 10:04 am to NashvilleTider
The "inflation reduction" act will only increase inflation more.
Posted on 8/8/22 at 10:05 am to jnethe1
quote:
And when shite gets expensive because of this crap, democrats will blame the companies who are affected by these dumbass decisions. Because democrats are dumb af.
Democrat voters are dumb arse hell.
Those in elected office know exactly what they are doing.
Posted on 8/8/22 at 10:08 am to themunch
quote:
The Great Reset
Just wait until people start starving or losing jobs. Americans won't tolerate that noise. Politicians will be marked.
Posted on 8/8/22 at 10:15 am to Taxing Authority
quote:
Capital is going to absolutely flee the U.S. There will be no reason for any business to invest more than 7% of their annual income. Ever. It is insane. Unless the business is owned by a hedge fund. They got an exemption
The goal is to destroy the middle class and small business. Hedge Funds are part of the corporatacracy. They’ll buy your small business and let you run it by their rules.
You’ll own nothing and be happy
Posted on 8/8/22 at 10:25 am to Jbird
I’m seriously considering withdrawing most of my bank account and putting it in the safe due to the IRS crap.
I fear they’ll go after conservatives and freeze bank accounts under audit because someone sent me 100 bucks on Venmo to help with gas cost on my boat and I didn’t claim it on taxes.
Remember the new bank reporting rule of all transactions reported in acccounts over 600 dollars? Yea, the 87,000 new agents is the other part of that. They just waited until people forgot about it
I fear they’ll go after conservatives and freeze bank accounts under audit because someone sent me 100 bucks on Venmo to help with gas cost on my boat and I didn’t claim it on taxes.
Remember the new bank reporting rule of all transactions reported in acccounts over 600 dollars? Yea, the 87,000 new agents is the other part of that. They just waited until people forgot about it
Posted on 8/8/22 at 10:29 am to deltaland
quote:
Remember the new bank reporting rule of all transactions reported in acccounts over 600 dollars? Yea, the 87,000 new agents is the other part of that. They just waited until people forgot about it
Next thing they’ll attempt to phase out cash and keep everything digital so all these new bean counters can analyze everyone’s electronic wallets of their money
Posted on 8/8/22 at 10:54 am to Lawyered
quote:
When Bernie sanders comes out and says it won’t do anything to lower inflation
Than why would he vote for it. What is wrong with these Senators that they vote for something lock step with their party when they don't even like it. He isn't even in their party and still does it. For someone who acts like he is for the working class he sure doesn't care if they get screwed out of their hard earned money.
Posted on 8/8/22 at 11:27 am to NashvilleTider
It should beALARMING to all citizens that "our" Govt is doing everything in its power, and beyond, to absolutely cripple the citizens/heart of the Country.
Where does it end ?
Where does it end ?
Posted on 8/8/22 at 11:29 am to wutangfinancial
quote:It's the whole "you'll own nothing and be happy" at the corporate level. No way in hell I'd want to own any capital asset going forward.
If any of the capital gains/corporate taxes are true, I'd be very weary about not insuring my assets. They basically spent 2 years and trillions to prop up asset prices, just to crash them. It is government policy to suck capital out of the economy and make industry more uninvestable, all while every taxpayer is getting carved TF out. The state has lost it's freaking mind
So the question is... who do they want to own the assets? It's pretty clear -- hedgefund and PE firms. They are exempt. It is an INSANE carve out.
SO while democrats are bragging about "getting hedge funds" by removing carried interest, they handed them a BIGGER and more expansive loophole.
Truly incredible what just happened.
Page 2 of 2
Popular
Back to top
Follow TigerDroppings for LSU Football News