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re: The “Inflation Reduction Act” raises taxes for everyone making over $30K per year

Posted on 7/31/22 at 6:32 am to
Posted by Cuz413
Member since Nov 2007
10028 posts
Posted on 7/31/22 at 6:32 am to
quote:

Government assistance you can rack up close to 80k. Here is the part I don't know. It's not taxable.


assistance =/= earned income ?
Posted by jimmy the leg
Member since Aug 2007
42376 posts
Posted on 7/31/22 at 6:44 am to
quote:

Clinton's bold initiative in advocating tax increases was in fact fiscally responsible, and produced a balanced budget around the turn of the century.


The tech explosion (which Clinton had NOTHING to do with) field the economy big time. Your take is either moronic, of disingenuous.
Posted by TDsngumbo
Member since Oct 2011
49270 posts
Posted on 7/31/22 at 6:47 am to
quote:

Who tf doesn't make 30K?

A ton of democrats.
This post was edited on 7/31/22 at 6:48 am
Posted by DiamondDog
Louisiana
Member since Nov 2019
12854 posts
Posted on 7/31/22 at 6:50 am to
quote:

If you look at the last column on the right (which the OP left off his post) you will indeed see that these taxes will go up. But by almost laughably small amounts.


Based on this my taxes go up, $1,000.00 a year, dummy.

Kiss my butt
Posted by Azkiger
Member since Nov 2016
27031 posts
Posted on 7/31/22 at 6:56 am to
quote:

For every thousand dollars a person pays in taxes it will go up ten dollars according to the chart (that was not linked in the OP). All the way on the right...


You're on a roll recently... First young black men can't control their violent natures so dont shoot water guns at them, and now this...

After the economic shellacking Americans have taken over the past 2 years, I'm not sure countering the fact that Biden said no increased taxes for those making under 400k with "lololol if you make 40k your taxes are only going up 400 dollars!" is smart.

We have a high risk lender next door to our practice, their manager has said he's shocked at the amount of people who have taken out loans to pay their electric bill.

But yea, it's just ten dollars per one thousand dollars.
This post was edited on 7/31/22 at 6:57 am
Posted by jimmy the leg
Member since Aug 2007
42376 posts
Posted on 7/31/22 at 6:59 am to
quote:

you will indeed see that these taxes will go up.


Even for those that make less than 400k per year?

quote:

In fact you know whose go up the most? Those who make less than 10k.


So what you are saying is that the Democrat’s are lying sacks of shite (as usual).

So Biden (or rather, his handlers) are fricking over hard working Americans...again).

More news at 6...


Posted by jimmy the leg
Member since Aug 2007
42376 posts
Posted on 7/31/22 at 7:01 am to
quote:

We have a high risk lender next door to our practice, their manager has said he's shocked at the amount of people who have taken out loans to pay their electric bill.


Eurotrash is probably okay with poor people struggling. I mean, loan sharks have got to eat to.
Posted by Knuckle Checker
Member since Jan 2019
615 posts
Posted on 7/31/22 at 7:04 am to
This is modern monetary theory. I’ve been saying this is what would happen. Look at my post on the money board.

If you research modern monetary theory they believe:
1. You can print as much money as you want until you get inflation
2. If you get inflation you need to raise taxes to control it

Our government believes in modern monetary theory that’s why this is happening

MMT is woke economics and just like everything woke it’s going to go broke
Posted by squid_hunt
Baton Rouge
Member since Jan 2021
11272 posts
Posted on 7/31/22 at 7:05 am to
Tax the rich he said as he reached into my pocket.
Posted by Lsut81
Member since Jun 2005
83766 posts
Posted on 7/31/22 at 7:07 am to
quote:

The “Inflation Reduction Act” raises taxes for everyone making over $30K per yea


Phew, dodged a bullet on that one
Posted by LRB1967
Tennessee
Member since Dec 2020
22968 posts
Posted on 7/31/22 at 7:14 am to
I think the proposed legislation needs a different name. I like Financial Sodomy Act but here are a few other options.
1) Crash and Burn 2) Taxpayer Assrape Act 3) Recession Induction Act.
Posted by Carnac
Redemption, Alabama
Member since Dec 2010
128 posts
Posted on 7/31/22 at 7:23 am to
When is enough going to be enough?
What would happen if on Monday morning, 10 million tax payers walked into their HR office at work and asked to go to 15 and exempt for their tax rates? Would it send a message or would they just come after all 10 million people?
Posted by udtiger
Over your left shoulder
Member since Nov 2006
112824 posts
Posted on 7/31/22 at 7:57 am to
quote:

The biggest hit is on those over 100k - their tax bill will go up by 30 dollars per thousand that they pay


So, someone who makes 399k per year will see a $9,630.00 increase in taxes.

$700 for $30k to $100k ($10/$1000)
$6000 for $100k to $300k
$2930 for $300 to $399k

Old lunchpail Joe. He'd never lie to the American people. That mean orange man was lying when he said Joe was lying.
This post was edited on 7/31/22 at 8:21 am
Posted by Plx1776
Member since Oct 2017
18176 posts
Posted on 7/31/22 at 8:18 am to
Be careful. The msm stampede will arrive shortly and use their influence to condemn Biden for being a piece of shite. Lets wait.


[A day later] nothing.

[A week later] nothing.

[A month later] nothing.

[A year later] still nothing.

[Two years later] msm starts talking about it, but they've somehow blamed trump for it.
Posted by DMAN1968
Member since Apr 2019
12629 posts
Posted on 7/31/22 at 8:21 am to
quote:

tarzana

There is nothing that comes out of your head that isn't sub-retarded.
Posted by stout
Porte du Lafitte
Member since Sep 2006
179749 posts
Posted on 7/31/22 at 8:46 am to
quote:

If you look at the last column on the right (which the OP left off his post) you will indeed see that these taxes will go up.

But by almost laughably small amounts.



Oh well shite...then it's OK, everyone. It's just a "little bit" more money out of your pockets!

Nevermind!
Posted by Willie Stroker
Member since Sep 2008
15757 posts
Posted on 7/31/22 at 8:49 am to
quote:

I mean these down look that bad

Why do you mean that?
Posted by LSUbest
Coastal Plain
Member since Aug 2007
15091 posts
Posted on 7/31/22 at 8:51 am to
Let's see....we have unequal treatment under the law, and taxation without representation.

What else?

Oh yea, tyranny.
Posted by udtiger
Over your left shoulder
Member since Nov 2006
112824 posts
Posted on 7/31/22 at 8:54 am to
quote:

But by almost laughably small amounts


My post above demonstrates:

A) that statement is horseshite;
B) Biden is a fricking liar; and,
C) media is complicit in: 1) repeating the talking point; and, 2) not calling Biden out for lying
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
297947 posts
Posted on 7/31/22 at 9:01 am to
quote:

This is modern monetary theory.


Correct, and the pandemic proved it don't work. It creates inflation and makes it impossible to live.

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