Posted on 03/09/2018 11:54:53 AM PST by Beave Meister
This week, Congressional Democrats released a detailed tax hike plan that they promised to implement if given majority control of the House and Senate after the 2018 midterm elections. So much for the crocodile tears about the deficit--Democrats want to raise taxes not to reduce the debt, but rather to spend that tax hike money on boondoggle projects.
As you might expect, hold onto your wallets. Here are the details:
Increase the top marginal income tax rate from 37 percent to 39.6 percent. This nearly 3 percentage point increase in the top personal rate is not only a hike in the top bracket levy, but it's also a direct tax increase on small and mid-sized businesses. The 30 million companies which are organized as sole proprietorships, partnerships, Subchapter-S corporations, and LLCs pay their business taxes on their owners' 1040 personal tax returns. Hiking the top tax rate is a small business tax increase.
Increasing personal income taxes would be particularly unfortunate since workers are now seeing the results of lower rates in their paychecks. Thanks to the new IRS withholding tables, in February of this year over 90 percent of workers saw higher take home pay in the form of fatter direct deposits (for a humorous spectacle of the New York Times desperately trying to get people to down-talk their bigger paychecks, click here). They will continue to see those bigger paydays for as long as the tax rates in law remain in effect. This higher tax home pay is a down payment on a lower tax liability. Typical families of four should see their federal income tax decline from $2000 to $4000, depending on their income level and number of children.
(Excerpt) Read more at forbes.com ...
“The Commiecrats know nothing but taxation. Why would anyone of sound mind vote for these fools?”
AS you said, “fools”.
This is satire, Folks...Has to be.
A manifesto for entering the dung heap of history.
The Democrats base do not pay taxes. They do not care if they double the tax rate.
They also know abortion, gun control, health care elimination and general corruption.
Class warfare as an agenda - don’t they ever come up with anything new?
This plus their Illegals First campaign sound like winners.
Well, that’s a winning strategy! /s
This reads like a political suicide note.
Why would anyone vote for Rats
If you are a typical rat constituent you dont care if taxes are 1% or 100% since you dont earn any taxable income. This is why the Rats are in the poverty business.
>
You cant be trusted with your money. Well spend it for you.
>
No, no, no. It’s INVESTED. They are investing your tax dollars
Please. Get w/ the program /s
Ask my in-laws, they have Lamb signs (Dem candidate for PA special election) plastered all over their yard.
He owns an architectural firm, she is a lawyer. They both work 7 days a week, two kids in college.
But my wife doesn't want me to talk politics with them, so I keep my mouth shut.
I'm just guessing that Trump's tax cuts will save them from $4,000 to $7,000 a year.
I feel like throwing up.
More high speed rail
I was in California last week driving on that so called highway, Rt 99. This highway appears to have been designed and built in the early 60s and hasnt really been updated since. I kept seeing what appeared to be elevated sections of new highway that would be a mile long then nothing. Twenty miles further another section., etc. I finally realized this was the billion dollar high speed rail boondoggle sucking up the funding that should be spent on this out of date and dangerous ridiculously busy rt 99. Democrats!
Is this a Suicide pact? Go For It, freaking Globalists/Progressives.
And these freaks want your guns.
Yep, appealing to their “gimme” voters.
Bernie / Fauxahontas 2020 - vote for us! Will increase crime, raise your taxes, open the borders for all 3rd worlders! We will make America Venezuela!
Paging Mr. Mon-dull, Mr. Walter Mon-dull.
Please pick up the white courtesy phone.
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