Posted on 11/01/2021 7:22:22 AM PDT by weston
toddstarnes
@toddstarnes
·
10h
Once CNN, MSDNC, NYT and the others set their narrative, the truth becomes irrelevant — even if there is video evidence. Just ask Nicholas Sandmann and the Covington Catholic High School kids.
Biden’s Build Back Better will hike taxes on 30% of middle-class families
By Will Feuer November 12, 2021 7:36am
FTA
President Joe Biden’s Build Back Better agenda would raise taxes on up to 30 percent of middle-class families, despite his campaign promises not to hike taxes on anyone making under $400,000 per year, according to a new analysis.
“Taking into account all major tax provisions, roughly 20 percent to 30 percent of middle-income households would pay more in taxes in 2022,” an analysis published late Thursday by the non-partisan Tax Policy Center found.
However, the report highlighted the tax increases would be “small.”
“Among those with a tax increase, low- and middle-income households would pay an additional $100 or less on average. Those making $200,000-$500,000 would pay an average of about $230 more,” it said.
Over time, though, that tax burden will change, according to the analysis of the $1.75 trillion proposal currently before the House of Representatives.
In 2023, the proposed expansions of the Child Tax Credit payments would end and the corporate minimum tax on book income, which is one of the largest proposed tax hikes in the bill.
The Tax Policy Center said this will hit families indirectly by limiting companies’ return to shareholders, which include workers and those investing for retirement.
A proposed increase in the nicotine tax could also increase tax burdens across all income brackets.
“In general, the combined effects of these changes would result in many households paying higher taxes in 2023 than in 2022. They would shrink the average 2023 tax cuts for low-income households, raise taxes slightly for moderate-income households, and increase taxes significantly for the highest-income households,” the Tax Policy Center said.
Meanwhile, another part of the proposal that would increase the deduction limit on state and local taxes — popularly known as SALT deductions — would benefit wealthy families in high-tax states like New York and California, while providing almost no benefit to the middle class, according to the analysis.
“Despite what its promoters say, raising the cap to $80,000 would provide almost no benefit for middle-income households. It would reduce their 2021 taxes by an average of only $20,” the analysis said.
“Even those making between $175,00 and $250,000 would get a tax cut of just over $400 or about 0.2 percent of after-tax income. By contrast, the higher SALT cap would boost after-tax incomes by 1.2 percent for those making between about $370,000 and $870,000 (the 95th to 99th percentile),” it added.
The analysis was based on a Nov. 3 copy of the proposed bill, although the proposal could still change during negotiations.
At the same time, the proposal would also give a big-time tax break to the rich.
Household earnings $1 million or more per year could pay $25,900 less in taxes, a tax break almost 10 times greater than households earning between $50,000 and $100,000, which would pay $2,600 less, based on the sample family of four, according to a separate analysis by the nonpartisan Committee for a Responsible Federal Budget.
Steak! Thanks! Lysie!
You don’t eat pizza in the tub Judy? 😯
How are you doing sis?
Time Traveler Arrives From 3000 A.D. And Oh No! He's Still Wearing A Mask! https://t.co/o0mzEqKB0p— The Babylon Bee (@TheBabylonBee) November 12, 2021
Stupid people.
😂🤣😂🤣
I’m glad your hubby is doing well. Sounds like you’ve had a nice visit with family.
https://www.youtube.com/watch?v=JDM1CIwa5Bw
..............
I can attest to the truth of this. 20 years ago my sons got involved with on line gaming when they were 11 yo. Could not get them out of the house. I looked into it and found out many of the game makers were here in the NW. They had a magazine called NW witch. They call themselves alchemists, a term used for wizards and witches. So after a long fight I sent them away to a Christian camp and destroyed the game system. I then became very ill for 2 weeks with severe flu like symptoms in the middle of summer. When the kids came back a huge fight ensued. They attempted to use knives on their older brother who had clued me in on the harm of the games.
I still have one son 33 yo that works minimum hours at a hamburger joint so he can spend maximum time on the games. Living at poverty levels. Went on binge playing 72 hours several times and ended up with schizophrenia with help of strong MJ too.
So yes, the gaming has a huge demonic component. Slaves of the Matrix, it is real folks!
That is what the doctor said on his radio program also, that only one to three percent of adverse reactions are recorded.
I don’t remember the number of deaths and adverse reactions he said but it was fairly high and of course if you multiply it by 90 that will be quite significant.
Hubby was listening - I hope. But he just got a booster so I think his mind is closed to any of these facts.
I bet a lot of people are like this. They have to get it for their job, so they go ahead and do it and to stay sane they don’t listen to all the negative reports. Or hope they aren’t true and don’t want to believe it.
I’m glad your hubby is doing well! And that you’ll be coming back home soon. What fun to get to play with all those puppies!
I’m glad your hubby is doing better. And that it was just bronchitis! I was coughing yesterday after inhaling some black pepper as i was cooking , so of course I start wondering if I have covid, LOL
Another hike on cigarettes? I would think those things would be unaffordable right now. I can’t believe the people that I see still smoking.
Glad all is well, in the valley, this morning, Gran.
That mega yard sell sounds like my kind of fun....I imagine there is lots of ‘treasure’ to be found, there!
Safe travels back up the mountain.
“We are losing so much talent and knowledge.”
Someone posted this link, and I apologize because I don’t remember who.
CDC WHISTLEBLOWER - DON’T TAKE THE SHOT
https://www.bitchute.com/video/8ZMtroEhozfG/
And that she says that in six months to three years is when the deadly side effects take effect. So we have a lot more damage to people to come.
I wish she said what her credentials were, if she was a doctor or what. I’ll have to go back and listen closer again.
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