Posted on 12/29/2022 1:20:11 PM PST by Hojczyk
$6.5 Billion Natural Gas Tax Which Will Increase Household Energy Bills
Think your household energy bills are high now? Just wait until the three major energy taxes in the Inflation Reduction Act hit your wallet. The first is a regressive tax on American oil and gas development. The tax will drive up the cost of household energy bills. The Congressional Budget Office estimates the natural gas tax will increase taxes by $6.5 billion.
$12 Billion Crude Oil Tax Which Will Increase Household Costs
Democrats are imposing a 16.4 cents-per-barrel tax on crude oil and imported petroleum products that will be passed on to consumers in the form of higher gas prices.
$1.2 Billion Coal Tax Which Will Increase Household Energy Bills
The tax hike more than doubles the current excise taxes on coal production. Under the Democrat proposal, the tax rate on coal from subsurface mining would increase from $0.50 per ton to $1.10 per ton while the tax rate on coal from surface mining would increase from $0.25 per ton to $0.55 per ton
$74 Billion Stock Tax Which Will Hit Your Nest Egg — 401(k)s, IRAs and Pension Plans
When Americans choose to sell shares of stock back to a company, Democrats will impose a new federal excise tax which will reduce the value of household nest eggs. Raising taxes and restricting stock buybacks harms the retirement savings of any individual with a 401(k), IRA or pension plan.
$225 Billion Corporate Income Tax Hike Which Will Be Passed on to Households
Democrats imposed a 15 percent corporate alternative minimum tax on the financial statement income of American businesses reporting $1 billion in profits for the past three years. These American companies employ millions of Americans.
The cost of this tax increase will be borne by working families in the form of higher prices, fewer jobs, and lower wages.
The only way to cleanup D.C. ....is get rid of all departments and cut taxes...
The bureaucracy controls everything...they are the rulers we are the serfs
Inflation ITSELF is a Tax.
Perhaps one of the biggest, if not the biggest.
It is a hidden tax, though.
Inflation is a tax paid to the FED Banksters.
I seriously want a strong benevolent dictator and the old system trashed.....hold elections when it truly is one person/one vote by CITIZENS.....
Marching is the same as parading, which can get you locked in the gulags in solitary for years without trial.
BOHICA.
True
It’s just getting started, too
✝️🙏🛐
BidenDepression II
because Joe promised
If anyone believed that POS about anything, they are a ball lost in the high weeds. Beyond that, if I ever said what I truly believe about him in general and the democrap party and their minions and hanger oners, I be banned from the planet.
And then there’s this from NYS...
$.17 increase per gallon.
“The cost of this tax increase will be borne by working families in the form of higher prices, fewer jobs, and lower wages.”
All by design, Comrades. All. By. Design.
Plan accordingly. It is THEM against ‘We The People.’
“...but mentally I am prepared for free cheese...”
I grew up very poor. My Grandma made the BEST Mac-n-Cheese from the big block of Free Government Cheese we got each month. ;)
There can be no more Freeps in Washington because Freepers are old and incapable of leaving home
Precious Metals are already reacting to the ‘news.’ My IRA has tanked. Ugh! This is going to be worse than the 0bama Reign of Error!
They won’t tell us even when it does....................
Send MORE money to Ukraine while we’re at it. Big guy needs his 10%. Congress needs their kickbacks. 😠
I bet they effing did. 😠
Everyone be sure to send this article to all your friends and family, along with your Happy New Year greetings.
The “Happy New Year” greetings will be well known when people start opening their utility bills in February..
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