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Biden planning first major tax hike in almost 30 years: report
thehill.com ^ | March 15, 2021 | Joseph Choi

Posted on 03/15/2021 6:51:25 AM PDT by John W

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To: redcatcherb412

It’s part of the agreement with china. This is why biden is in office.


61 posted on 03/15/2021 8:13:46 AM PDT by glimmerman70
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To: John W

Unelected, unconstitutional, criminal “government” needs more money to line their pockets with.


62 posted on 03/15/2021 8:16:03 AM PDT by Pajamajan ( PRAY FOR OUR NATION. I will never be a peaceful slave in a new Socialist America.)
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To: John W

I feel awful for the middle class who still are suffering from the Covid-19 overreaction. Richest of the rich will be more than OK. Poor people will still be poor. The flood of illegals will harm the “working poor.” It is going to be a Dark-Spring, -Summer, -Autumn...


63 posted on 03/15/2021 8:17:21 AM PDT by PghBaldy (12/14 - 930am -rampage begins... 12/15 - 1030am - Obama's advance team scouts photo-op locations.)
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To: John W
....paring back tax preferences on pass-through businesses...

That will hurt a lot of small businesses.

64 posted on 03/15/2021 8:21:43 AM PDT by Fresh Wind (Joe Biden: The best president Chinese money can buy.)
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To: John W

Stevie Wonder could see this one coming from 12 miles away.


65 posted on 03/15/2021 8:24:02 AM PDT by sport
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To: glimmerman70

“Here we go. But only if you make more than 400k a year right. Lol.”

and the rich and companies will pass their increased tax costs on to the public and cost of living will jump up and the middle working class will suffer big time.

Years ago citizens threw tea in the ocean.... today they need to throw some politicians somewhere.... at least out of office.


66 posted on 03/15/2021 8:25:45 AM PDT by DOC44
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To: glimmerman70

Yeah, I believe that,,,,,, NOT!


67 posted on 03/15/2021 8:27:05 AM PDT by ducttape45 ("Righteousness exalteth a nation; but sin is a reproach to any people." Proverbs 14:34)
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To: John W

So wealthy bluestaters are raising taxes on themselves?
And, so?
Perhaps we should get out of their way and let their dollars pour back into all of the poor red states living high on DC’s pork. Median income in red states shows this is where the half of all americans who pay no fed income tax live.


68 posted on 03/15/2021 8:27:53 AM PDT by Katya (lacking in the feelings department, )
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To: John W

Someone’s gotta pay for that 1 trillion dollar “stimulus” plan. Democrats paid themselves much of that stimulus plan, and as always the taxpayers have to pick up their tab!


69 posted on 03/15/2021 8:37:28 AM PDT by dowcaet
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To: John W

Well, someone’s gotta pay for all those covid checks.

Yeah, I know.


70 posted on 03/15/2021 8:38:59 AM PDT by bgill (Which came first, Covid-19 or Gates and Fauci's mRNA-1273 Moderna vax?)
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To: John W

Biden planning send jobs back to China and other off shore places only a fool didn’t see that coming.


71 posted on 03/15/2021 8:39:15 AM PDT by Vaduz (women and children to be impacIQ of chimpsted the most.)
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To: silent majority rising

“expanding the estate tax”

Just as many of us here on FR getting to the age where we seriously contemplate about our mortality and our posterity.

I told my kids that a Biden presidency would mean that their inheritance would be cut in half.


72 posted on 03/15/2021 8:39:15 AM PDT by ProtectOurFreedom (The Weak Never Started, The Cowards fail along the way, Only the Strong Survive)
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To: John W; All

If you’re still working, adjust your W4 form accordingly. Hold on to every dime you legally can! Don’t be a dope: STARVE THE BEAST!

What should I put on my W-4?

Here’s the general strategy:

If you got a huge tax bill in April and don’t want another, you can use Form W-4 to increase your withholding. That’ll help you owe less (or nothing) next April.

If you got a huge refund last year, you’re giving the government a free loan and could be needlessly living on less of your paycheck all year. Consider using Form W-4 to reduce your withholding.

https://www.nerdwallet.com/article/taxes/how-to-fill-out-form-w4-guide#what-should-i-put-on-my-w-4-370242205

Diana here: This has been a ‘hobby’ of mine my entire working life, since my first McDonald’s paycheck at age 15. I’ve always been ‘middle class’ as far as income goes. My best year ever? I got a $50 refund from the State and owed the Feds $200.00.

I’ve always done my own taxes and have never been audited. If I can do this, so can you! I have never, EVER gotten a huge refund. It’s MY money!

Mother Government spends it on all kinds of things I disagree with, and this current crop in DC is worse than the last one and it’s not going to get better again in my lifetime. :(

Either learn to do it yourself, or find yourself a trusted accountant & tax person! Get busy! :)


73 posted on 03/15/2021 8:43:32 AM PDT by Diana in Wisconsin (I don't have 'Hobbies.' I'm developing a robust post-Apocalyptic skill set. )
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To: All

74 posted on 03/15/2021 8:47:40 AM PDT by Diana in Wisconsin (I don't have 'Hobbies.' I'm developing a robust post-Apocalyptic skill set. )
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To: glimmerman70
#3: "Here we go. But only if you make more than 400k a year right. Lol."

And as we already know, corporations don't pay taxes, people do. Corporations merely pass the costs on to the consumer. Combine Biden higher taxes with Biden monopoly money and Biden energy strangulation, and we are about to careen over the cliff of hyper inflation.

75 posted on 03/15/2021 8:48:32 AM PDT by Governor Dinwiddie
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To: John W

Tax increases are inflation.


76 posted on 03/15/2021 8:49:49 AM PDT by CodeToad (Arm Up! They Have!)
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To: Governor Dinwiddie

77 posted on 03/15/2021 8:54:23 AM PDT by Diana in Wisconsin (I don't have 'Hobbies.' I'm developing a robust post-Apocalyptic skill set. )
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To: Governor Dinwiddie

Agreed. If he just left the taxes alone and open the states. Left the pipelines alone. We would have been fine.


78 posted on 03/15/2021 8:55:40 AM PDT by glimmerman70
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79 posted on 03/15/2021 8:57:54 AM PDT by Diana in Wisconsin (I don't have 'Hobbies.' I'm developing a robust post-Apocalyptic skill set. )
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To: John W

first major tax hike in almost 30 years

...but not the last in the coming 3 years.


80 posted on 03/15/2021 9:02:48 AM PDT by BeauBo
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