Along with a huge tax increase will come a huge increase in inflation. It may make the Carter Days look like a picnic.
A democrat retribution tax?
Keep an eye on the new Senate. If they eliminate the filibuster, then it’s ‘Katy bar the door’. Literally anything will be possible.
As 2021 is already underway, can they change taxes for this year? or only for future years?
Biden promised tax hikes for joint income of $400k
That’s upper middle class in expensive communities
I wish politicians would confine their “soak the rich” taxes to the genuinely wealthy - people making millions or billions a year. But those are the donors, so they make sure the taxes are borne by the middle class, not the 1 percent.
Taxes won’t be enough to cover the Uniparty’s multi-trillion $$$$$$$$$$ spending and debt.
Luckily, our IRA’s and 401ks can be squeezed to help with that.
Think I’ll order more gold and silver coins tomorrow...
I bet they are coming up with some sort of tax credit to those who are members in good standing, like the CCP does for its most favored comrades.
A white tax for reparations
Oil and natural gas will be hit especially hard with new taxes and regulations, as will aircraft manufacturers; and capital gains taxes will be — at a minimum — 50%. Gun manufacturers will close up shop entirely, so the military and all the various governmental agencies and departments, current and new ones, will be buying their hardware from China.
My suggestion is, if one can do it, is to buy only what is essential for your needs, and if possible buy them on the secondary market (Goodwill, garage sales, etc.; I’d stay away from E-bay). Buy absolutely nothing off Amazon, but if you must by something online, go directly to the source store.
Their senate majority relies on Manchin, Angus King, and John Hickenlooper. They will end up doing a bunch of stupid woke bullshit to deflect from their econ policy being more uniparty than Trump’s, and they will lose house and senate in 2022. Biden will officially step down after the midterms. Of the GOP contenders, Hawley, Cruz, or Hayley would kick camela’s humps.
Let’s get to Jan 20th FIRST.
I have a few diehard dem friends.
Even though Joe said in a debate that the first thing he would do would be to raise taxes, not a single one of them believes it.
Get the hell out of your 401 plan. They will come after iras at a later date
Tax’s then taking your savings because your white privilege is why you have money to save, therefore your ill-gotten gains MUST be taken.
If Trump does not succeed in righting this election I hope at least they hit the oil industry really hard so my insufferable SIL who has bragged for decades about her oil money and votes rat all time loses her shirt....her oil dividends may they shrink to nothing but be assured she already complains about how her SS went down....
You are wrong.
Only certain people will be hit.
Major loopholes will be built in so no one who is a dim fiend will pay a single cent more. In fact they will probably get a cut.
gasoline up dramatically
Donteven care at this point. We won’t have income soon to tax.
Your gas companies will let you know.
Up .25 in Carolinas this week. Take a pic every week.
Protect you4 assets and don’t pay income taxes.