Posted on 03/17/2024 6:30:13 PM PDT by SeekAndFind
The 2017 tax law was a huge benefit for small corporations like mine, with fewer than twenty employees.Following numbskull logic. After 2017 you reduced your prices/fees accordingly.
Now, after Biden tax increases, will you (as some here suggest) increase your prices/fees?
What will your taxes do after trying to collect more money to pay/offset your higher (non-deductible) increase of taxable income?
Those corporations raise their prices to cover the tax increasesIf a company/corporation can just willy nilly raise their prices what's stopping them from doing that now to raise revenue/profit?
The simple fact is if they raise their prices for taxes or anything else it increases their taxable income. Maybe even into a Higher tax bracket.
While I agree there’s not much in this article, I have little doubt there will be European style “haircuts” on various USA savings & retirement accounts in the future.
To include Social Security benefit cuts for Americans. Note that I specified ‘Americans’ > of the legal type and of those, primarily affecting the Caucasians. “Refugees” and other disadvantaged, etc, will still have need of assistance.
RE the above “assistance” = handouts.
Swamp Tax Raid - bump for later....
The bipartisan uniparty is printing money like it is the end of the world and taking a huge chunk of everything you have via inflation.
IIRC——PELOSI & OBAMA OPENLY DISCUSSED THIS when he was in office.
EMPTY savings accounts & money market accounts “TO LOWER THE NATIONAL DEBT”-—ALA Argentina.
HERE’S one for you:
The OBAMAs took BIG MIKE’S MAMA into the White House. MRS. ROBINSON.......
She was given a title & a “JOB” as ‘caretaker’ for her 2 grand kids.She got paid a handsome amount-—she lived IN the White House-—where all the cooking/shopping/cleaning/laundry was done FOR all of them-—and SHE got a handsome salary for “caretaker” for the 2 girls....for 8 years....
NOW SHE HAS A LIFETIME PENSION FOR THAT 8 YEARS of TAKING CARE OF HER GRAND KIDS.....with all those services taken care of——
IIRC-—Her pension is in the neighborhood of $90,000 annually.
THAT needs investigating
Dear Joe: Good luck in raiding my retirement account. Unfortunately, you’ll have to go see Hussein Obama. He got it back in 2008-2009.
FU very much.
This is not only hitting retirement accounts, it is hitting all Americans, especially the lower income ones.
Anyone with any education in economics will tell you there is no such thing as a corporate tax. Oh, you can call a tax a corporate tax, and you can make corporations pay it, but they will either pass it on to their customers, go bankrupt, or move operations to a country with lower taxes.
Price increases are paid by all customers, rich and poor. But they take a higher percentage out of poor peoples’ income. A regressive tax. Moving operations to other countries causes job loss.
The only problem is that the average Joe is too lazy - ignorant - preoccupied to pay attention for even the 30 seconds it takes to tell him why it is a regressive tax and why it is bad.
😄😄😄
well they already have a sneaky way to steal IRAs, bank accounts and etc., and that is by printing money. Printing money devalues all saving without the risk of directly taking it. Their spending is at a point where there’s just not enough money to support multi trillion dollar budgets.
Been going on for years... it’s called taxes.
Add in VA benefits to that.
Add in VA benefits to that.
“Well, then I’m triple screwed: mil retirement, ss, and civil service retirement.”
Same here...
your link didn’t work.
rollover a roth and the 5 yr mandate holding starts over with needing contributions for that period. Its on IRS .gov website.
bttt
People have about 16T in 401K and IRAs if my quick search was accurate. Yeah the gov would love to have that $.
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