Quote:

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WASHINGTON President Biden on Friday admitted that his $2 trillion infrastructure plan would bring tax increases to some people who earn $200,000 while insisting that a separate hike on businesses "will not slow the economy at all."

Biden for weeks has said that his proposed hike on the highest income tax bracket would not hit any person who earns less than $400,000...

"It is a once in a generation investment in our economic future, a chance to win the future paid for by asking big corporations, many of which do not pay any taxes at all, just to begin to pay their fair share. And it won't raise a penny of tax on a family making less than $400,000 a year, no federal tax, no addition," he said.

The president's description of the tax hike as applying to any "family" that makes more than $400,000 per year is a significant change from his earlier remarks, and could mean families on the cusp of affluence in areas with high costs of living are impacted....

By contrast, Biden said on Wednesday at a speech in Pittsburgh unveiling the tax increase and infrastructure plan, "No one making under $400,000 will see their federal taxes go up. Period."

---

https://nypost.com/2021/04/02/biden-admits-tax-hike-could-hit-people-earning-200k/

Xiden is a liar, grifter and and a pedo. Nice combo libs.

Some corporations haven't paid taxes for decades, Xiden. The rate increase is not changing that. And they just pass it on to consumers, but you're too dumb to know that.

A politician lied? Surely the lemmings will stop voting the same uni-party loyalists.

Shocked.
Shocked I tell you.

Quote:

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Quote:

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"will not slow the economy at all."

---

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He's a lying, ****ing, maggot.

Cannot spell Liberal without Lie.

The never-Trumpers, SJWs and magical mystery mail-in ballots have delivered the country into the hands of the dementia zone.

I think Joe Daddy is claiming $400k for married couples. $200k for single filers. Still total BS.


Why people vote for this garbage is beyond me.

"Millionaires and Billionaires" means anyone making over 200K

That's for you economic dunces that keep voting democrat.

His tax hikes will affect everyone....


Anyone that bought his bull**** has an iq of 70

$200K It's not really that much to be in a situation like this. Just when you think things can't get worse with this ****ing piece of ****, it does.

But thank God no more mean tweets!

Need income and assets cap on national politicians and press. They play this lying game constantly because they are immune to economic issues.

Can someone please let me know when Biden actually tells the truth?

Did straight up lied on Wednesday claiming NO ONE making less than 400K would see a tax hike. He is a POS and CMs and liberals should be ashamed of this Liar-in-Chief.

On the bright side, they will keep printing money until the inflation that it causes will push everyone into the +$400K Bracket anyway. So everyone will pay their Fair Share.

400k is a top 1% household income.

But a 1% tax increase on a 200k salary would be $2,000.
But in reality the effect on take home pay is more like 1.5 to 2x the tax increase. So depending on your income level a 3% tax increase is like a 4-6% drop in take home pay. And with insurance, gas, medical expenses all skyrocketing and combined with tax hikes, it's going to be like a 10%+ hit for some high earners.

deddog said:

---

"Millionaires and Billionaires" means anyone making over 200K

That's for you economic dunces that keep voting democrat.

---

I get the point but someone making $200k for two decades or so could be a millionaire unless they spend frivolously.

57 STATES! said:

---

deddog said:

---

"Millionaires and Billionaires" means anyone making over 200K

That's for you economic dunces that keep voting democrat.

---

I get the point but someone making $200k for two decades or so could be a millionaire unless they spend frivolously.

---

I make $250K and provide for a family of 4 and pay my mortgage. After taxes and essentials we save every penny, and I do not have room in the budget for increased taxes for all this left-wing BS or to MORE for other people than I am already paying.

BTW Biden is lying and he knows it. He is only talking about the INCOME tax, all his other policies have tax increases in them that EVERYONE will be paying, and those taxes are very regressive and impact the middle and lower classes significantly. He knows this, his left wing economic advisors know this, they are counting on the American public not noticing until they turn around and see gas has increased 50% and the cost of foods and all other products have increased 20% and services as well once all the tax increases are passed on. Corporations do NOT pay tax, their customers, the general public, pays those taxes. it is just down to accounting and how much the company / corporation chooses to pass on the increase in their costs/expenses to the consumer, as they are not going to just sit there and do nothing when there bottom line is impacted by federal government edicts. There will be a combination of layoffs, decreased wages, and increased prices.

The basics of economics and business have not changed in 250+ years and they will not change now, and it doesn't matter if you are baking bread or providing a cloud based web service, business is about margin, expenses, and profitability. When a work product price increases, it is passed along.

To the Biden/Dem/Dim/Progressive way of thinking a company making a widget that cost $10 to produce and they sell for $15, they really think that if the cost to produce it goes up to $13 that will not impact the $15 price point.......

For the love of everything that is holy, can anyone tell me how increased taxes help anything?

Do they help the poor? Historically no.

Do they bring in more tax revenue? Historically no.

Can any lib explain to me why they are for increased taxes except it makes them feel better for some weird reason?

Do you think some people just make too much money and need to be punished? How perverse is that?
Every tax dollar taken from any American is a loss of freedom.

My goodness this is frustrating.

Jarrin' Jay said:

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57 STATES! said:

---

deddog said:

---

"Millionaires and Billionaires" means anyone making over 200K

That's for you economic dunces that keep voting democrat.

---

I get the point but someone making $200k for two decades or so could be a millionaire unless they spend frivolously.

---

I make $250K and provide for a family of 4 and pay my mortgage. After taxes and essentials we save every penny, and I do not have room in the budget for increased taxes for all this left-wing BS or to MORE for other people than I am already paying.

BTW Biden is lying and he knows it. He is only talking about the INCOME tax, all his other policies have tax increases in them that EVERYONE will be paying, and those taxes are very regressive and impact the middle and lower classes significantly. He knows this, his left wing economic advisors know this, they are counting on the American public not noticing until they turn around and see gas has increased 50% and the cost of foods and all other products have increased 20% and services as well once all the tax increases are passed on. Corporations do NOT pay tax, their customers, the general public, pays those taxes. it is just down to accounting and how much the company / corporation chooses to pass on the increase in their costs/expenses to the consumer, as they are not going to just sit there and do nothing when there bottom line is impacted by federal government edicts. There will be a combination of layoffs, decreased wages, and increased prices.

The basics of economics and business have not changed in 250+ years and they will not change now, and it doesn't matter if you are baking bread or providing a cloud based web service, business is about margin, expenses, and profitability. When a work product price increases, it is passed along.

To the Biden/Dem/Dim/Progressive way of thinking a company making a widget that cost $10 to produce and they sell for $15, they really think that if the cost to produce it goes up to $13 that will not impact the $15 price point.......

---

Wouldn't you be fine then since it is $400K per family? Or does your wife work as well?

BoydCrowder13 said:

---

Jarrin' Jay said:

---

57 STATES! said:

---

deddog said:

---

"Millionaires and Billionaires" means anyone making over 200K

That's for you economic dunces that keep voting democrat.

---

I get the point but someone making $200k for two decades or so could be a millionaire unless they spend frivolously.

---

I make $250K and provide for a family of 4 and pay my mortgage. After taxes and essentials we save every penny, and I do not have room in the budget for increased taxes for all this left-wing BS or to MORE for other people than I am already paying.

BTW Biden is lying and he knows it. He is only talking about the INCOME tax, all his other policies have tax increases in them that EVERYONE will be paying, and those taxes are very regressive and impact the middle and lower classes significantly. He knows this, his left wing economic advisors know this, they are counting on the American public not noticing until they turn around and see gas has increased 50% and the cost of foods and all other products have increased 20% and services as well once all the tax increases are passed on. Corporations do NOT pay tax, their customers, the general public, pays those taxes. it is just down to accounting and how much the company / corporation chooses to pass on the increase in their costs/expenses to the consumer, as they are not going to just sit there and do nothing when there bottom line is impacted by federal government edicts. There will be a combination of layoffs, decreased wages, and increased prices.

The basics of economics and business have not changed in 250+ years and they will not change now, and it doesn't matter if you are baking bread or providing a cloud based web service, business is about margin, expenses, and profitability. When a work product price increases, it is passed along.

To the Biden/Dem/Dim/Progressive way of thinking a company making a widget that cost $10 to produce and they sell for $15, they really think that if the cost to produce it goes up to $13 that will not impact the $15 price point.......

---

Wouldn't you be fine then since it is $400K per family? Or does your wife work as well?

---

So you actually believe Biden and only couples who make over 400k and singles who make over 200k are going to be affected?

Remember when Obama lied and said his tax increases would only affect peopl who made over 250k?

That is not how tax increase, or cuts for that matter, work.

They affect everyone.

Critical thinking is gone. And I am sad.

dermdoc said:

---

BoydCrowder13 said:

---

Jarrin' Jay said:

---

57 STATES! said:

---

deddog said:

---

"Millionaires and Billionaires" means anyone making over 200K

That's for you economic dunces that keep voting democrat.

---

I get the point but someone making $200k for two decades or so could be a millionaire unless they spend frivolously.

---

I make $250K and provide for a family of 4 and pay my mortgage. After taxes and essentials we save every penny, and I do not have room in the budget for increased taxes for all this left-wing BS or to MORE for other people than I am already paying.

BTW Biden is lying and he knows it. He is only talking about the INCOME tax, all his other policies have tax increases in them that EVERYONE will be paying, and those taxes are very regressive and impact the middle and lower classes significantly. He knows this, his left wing economic advisors know this, they are counting on the American public not noticing until they turn around and see gas has increased 50% and the cost of foods and all other products have increased 20% and services as well once all the tax increases are passed on. Corporations do NOT pay tax, their customers, the general public, pays those taxes. it is just down to accounting and how much the company / corporation chooses to pass on the increase in their costs/expenses to the consumer, as they are not going to just sit there and do nothing when there bottom line is impacted by federal government edicts. There will be a combination of layoffs, decreased wages, and increased prices.

The basics of economics and business have not changed in 250+ years and they will not change now, and it doesn't matter if you are baking bread or providing a cloud based web service, business is about margin, expenses, and profitability. When a work product price increases, it is passed along.

To the Biden/Dem/Dim/Progressive way of thinking a company making a widget that cost $10 to produce and they sell for $15, they really think that if the cost to produce it goes up to $13 that will not impact the $15 price point.......

---

Wouldn't you be fine then since it is $400K per family? Or does your wife work as well?

---

So you actually believe Biden and only couples who make over 400k and singles who make over 200k are going to be affected?

Remember when Obama lied and said his tax increases would only affect peopl who made over 250k?

That is not how tax increase, or cuts for that matter, work.

They affect everyone.

Critical thinking is gone. And I am sad.

---

They indirectly affect everyone. Sure. Was talking about direct effects.

Speaking of critical thinking, I remember arguing with you this time last year that we'd probably see over 200,000 COVID deaths. You thought that was ridiculous and that "America would do something to stop it" by July.

57 STATES! said:

---

deddog said:

---

"Millionaires and Billionaires" means anyone making over 200K

That's for you economic dunces that keep voting democrat.

---

I get the point but someone making $200k for two decades or so could be a millionaire unless they spend frivolously.

---

So we're not taxing millionaires.

We are taxing people who might become millionaires two decades from now assuming everything goes right?
You realize that a majority of these folks don't start at 200K right? They work their way up. Took me 20 years.

You know what might be a huge hindrance in them becoming millionaires 2 decades from now? Retirement and higher taxes now, while they still make 200K.

By this logic you can pretty much tax anyone. Someone making 100K could become a millionaire in 40 years.

Are you trying to prove my point about economic dunces that vote democrat?

deddog said:

---

57 STATES! said:

---

deddog said:

---

"Millionaires and Billionaires" means anyone making over 200K

That's for you economic dunces that keep voting democrat.

---

I get the point but someone making $200k for two decades or so could be a millionaire unless they spend frivolously.

---

So we're not taxing millionaires.

We are taxing people who might become millionaires two decades from now assuming everything goes right?
You realize that a majority of these folks don't start at 200K right? They work their way up. Took me 20 years.

You know what might be a huge hindrance in them becoming millionaires 2 decades from now? Retirement and higher taxes now, while they still make 200K.

Are you trying to prove my point about economic dunces that vote democrat?

---

If you make $200K in most parts of the country (Texas specifically) and actually invest, you should be a millionaire within 10 years. Unless you are terrible with money.

Just saying.

BoydCrowder13 said:

---

dermdoc said:

---

BoydCrowder13 said:

---

Jarrin' Jay said:

---

57 STATES! said:

---

deddog said:

---

"Millionaires and Billionaires" means anyone making over 200K

That's for you economic dunces that keep voting democrat.

---

I get the point but someone making $200k for two decades or so could be a millionaire unless they spend frivolously.

---

I make $250K and provide for a family of 4 and pay my mortgage. After taxes and essentials we save every penny, and I do not have room in the budget for increased taxes for all this left-wing BS or to MORE for other people than I am already paying.

BTW Biden is lying and he knows it. He is only talking about the INCOME tax, all his other policies have tax increases in them that EVERYONE will be paying, and those taxes are very regressive and impact the middle and lower classes significantly. He knows this, his left wing economic advisors know this, they are counting on the American public not noticing until they turn around and see gas has increased 50% and the cost of foods and all other products have increased 20% and services as well once all the tax increases are passed on. Corporations do NOT pay tax, their customers, the general public, pays those taxes. it is just down to accounting and how much the company / corporation chooses to pass on the increase in their costs/expenses to the consumer, as they are not going to just sit there and do nothing when there bottom line is impacted by federal government edicts. There will be a combination of layoffs, decreased wages, and increased prices.

The basics of economics and business have not changed in 250+ years and they will not change now, and it doesn't matter if you are baking bread or providing a cloud based web service, business is about margin, expenses, and profitability. When a work product price increases, it is passed along.

To the Biden/Dem/Dim/Progressive way of thinking a company making a widget that cost $10 to produce and they sell for $15, they really think that if the cost to produce it goes up to $13 that will not impact the $15 price point.......

---

Wouldn't you be fine then since it is $400K per family? Or does your wife work as well?

---

So you actually believe Biden and only couples who make over 400k and singles who make over 200k are going to be affected?

Remember when Obama lied and said his tax increases would only affect peopl who made over 250k?

That is not how tax increase, or cuts for that matter, work.

They affect everyone.

Critical thinking is gone. And I am sad.

---

They indirectly affect everyone. Sure. Was talking about direct effects.

Speaking of critical thinking, I remember arguing with you this time last year that we'd probably see over 200,000 COVID deaths. You thought that was ridiculous and that "America would do something to stop it" by July.

---

I was wrong. But I was right on almost everything else like the mortality percentage, vents, hospital and ICU bed, etc.

And I do not think there have been 550k COVID deaths in the US. I think that number has been inflated quite a bit for various reasons.

And after that derailment, do you think tax increases help anybody? Are you for higher taxes?

BoydCrowder13 said:

---

deddog said:

---

57 STATES! said:

---

deddog said:

---

"Millionaires and Billionaires" means anyone making over 200K

That's for you economic dunces that keep voting democrat.

---

I get the point but someone making $200k for two decades or so could be a millionaire unless they spend frivolously.

---

So we're not taxing millionaires.

We are taxing people who might become millionaires two decades from now assuming everything goes right?
You realize that a majority of these folks don't start at 200K right? They work their way up. Took me 20 years.

You know what might be a huge hindrance in them becoming millionaires 2 decades from now? Retirement and higher taxes now, while they still make 200K.

Are you trying to prove my point about economic dunces that vote democrat?

---

If you make $200K in most parts of the country (Texas specifically) and actually invest, you should be a millionaire within 10 years. Unless you are terrible with money.

Just saying.

---

Is that a bad thing?

Any chance these personal tax increases get retro'd to 1/1/2021?

BoydCrowder13 said:

---

deddog said:

---

57 STATES! said:

---

deddog said:

---

"Millionaires and Billionaires" means anyone making over 200K

That's for you economic dunces that keep voting democrat.

---

I get the point but someone making $200k for two decades or so could be a millionaire unless they spend frivolously.

---

So we're not taxing millionaires.

We are taxing people who might become millionaires two decades from now assuming everything goes right?
You realize that a majority of these folks don't start at 200K right? They work their way up. Took me 20 years.

You know what might be a huge hindrance in them becoming millionaires 2 decades from now? Retirement and higher taxes now, while they still make 200K.

Are you trying to prove my point about economic dunces that vote democrat?

---

If you make $200K in most parts of the country (Texas specifically) and actually invest, you should be a millionaire within 10 years. Unless you are terrible with money.

Just saying.

---

So maybe Biden should start taxing people who make a 100K.
They might be millionaires in 20 years?
Let's increase taxes on people who make 50K, they might be millionaires in 40 years.

Sound right?


Thanks for proving my point.

deddog said:

---

BoydCrowder13 said:

---

deddog said:

---

57 STATES! said:

---

deddog said:

---

"Millionaires and Billionaires" means anyone making over 200K

That's for you economic dunces that keep voting democrat.

---

I get the point but someone making $200k for two decades or so could be a millionaire unless they spend frivolously.

---

So we're not taxing millionaires.

We are taxing people who might become millionaires two decades from now assuming everything goes right?
You realize that a majority of these folks don't start at 200K right? They work their way up. Took me 20 years.

You know what might be a huge hindrance in them becoming millionaires 2 decades from now? Retirement and higher taxes now, while they still make 200K.

Are you trying to prove my point about economic dunces that vote democrat?

---

If you make $200K in most parts of the country (Texas specifically) and actually invest, you should be a millionaire within 10 years. Unless you are terrible with money.

Just saying.

---

So maybe Biden should start taxing people who make a 100K.
They might be millionaires in 20 years?
Let's increase taxes on people who make 50K, they might be millionaires in 40 years.

Sound right?


Thanks for proving my point.

---

Liberalism is a strong drug.

And let's follow this economic idiocy further. If you raise taxes on "potential millionaires", already millionaires, multi millionaires, billionaires, please show me empirical evidence that does anything to increase tax revenues, help the poor, etc.

And as noted above, when I am wrong, I admit it.

dermdoc said:

---

BoydCrowder13 said:

---

dermdoc said:

---

BoydCrowder13 said:

---

Jarrin' Jay said:

---

57 STATES! said:

---

deddog said:

---

"Millionaires and Billionaires" means anyone making over 200K

That's for you economic dunces that keep voting democrat.

---

I get the point but someone making $200k for two decades or so could be a millionaire unless they spend frivolously.

---

I make $250K and provide for a family of 4 and pay my mortgage. After taxes and essentials we save every penny, and I do not have room in the budget for increased taxes for all this left-wing BS or to MORE for other people than I am already paying.

BTW Biden is lying and he knows it. He is only talking about the INCOME tax, all his other policies have tax increases in them that EVERYONE will be paying, and those taxes are very regressive and impact the middle and lower classes significantly. He knows this, his left wing economic advisors know this, they are counting on the American public not noticing until they turn around and see gas has increased 50% and the cost of foods and all other products have increased 20% and services as well once all the tax increases are passed on. Corporations do NOT pay tax, their customers, the general public, pays those taxes. it is just down to accounting and how much the company / corporation chooses to pass on the increase in their costs/expenses to the consumer, as they are not going to just sit there and do nothing when there bottom line is impacted by federal government edicts. There will be a combination of layoffs, decreased wages, and increased prices.

The basics of economics and business have not changed in 250+ years and they will not change now, and it doesn't matter if you are baking bread or providing a cloud based web service, business is about margin, expenses, and profitability. When a work product price increases, it is passed along.

To the Biden/Dem/Dim/Progressive way of thinking a company making a widget that cost $10 to produce and they sell for $15, they really think that if the cost to produce it goes up to $13 that will not impact the $15 price point.......

---

Wouldn't you be fine then since it is $400K per family? Or does your wife work as well?

---

So you actually believe Biden and only couples who make over 400k and singles who make over 200k are going to be affected?

Remember when Obama lied and said his tax increases would only affect peopl who made over 250k?

That is not how tax increase, or cuts for that matter, work.

They affect everyone.

Critical thinking is gone. And I am sad.

---

They indirectly affect everyone. Sure. Was talking about direct effects.

Speaking of critical thinking, I remember arguing with you this time last year that we'd probably see over 200,000 COVID deaths. You thought that was ridiculous and that "America would do something to stop it" by July.

---

I was wrong. But I was right on almost everything else like the mortality percentage, vents, hospital and ICU bed, etc.

And I do not think there have been 550k COVID deaths in the US. I think that number has been inflated quite a bit for various reasons.

No after that derailment, do you think tax increases help anybody? Or you for higher taxes?

---

Just pointing out your "critical thinking" has been badly wrong in the past.

No I'm not. Do I think they are the end of the world? Depends on how bad they are. The biggest impact the 2017 tax bill had was on corporate tax rates (from 35 to 21%) and doubling the estate tax exemption.

We will likely see tax increases under Biden. No avoiding that. I do acknowledge that taxes are near or at 100 year lows though. I think the general economy will likely slow from taxation but be okay.

dermdoc said:

---

BoydCrowder13 said:

---

deddog said:

---

57 STATES! said:

---

deddog said:

---

"Millionaires and Billionaires" means anyone making over 200K

That's for you economic dunces that keep voting democrat.

---

I get the point but someone making $200k for two decades or so could be a millionaire unless they spend frivolously.

---

So we're not taxing millionaires.

We are taxing people who might become millionaires two decades from now assuming everything goes right?
You realize that a majority of these folks don't start at 200K right? They work their way up. Took me 20 years.

You know what might be a huge hindrance in them becoming millionaires 2 decades from now? Retirement and higher taxes now, while they still make 200K.

Are you trying to prove my point about economic dunces that vote democrat?

---

If you make $200K in most parts of the country (Texas specifically) and actually invest, you should be a millionaire within 10 years. Unless you are terrible with money.

Just saying.

---

Is that a bad thing?

---

Not a bad thing at all. Everyone should aspire to responsibly grow wealth. Just saying his math was fuzzy.