Trump's tax plan has built in automatic, stepped tax increases every two years for all but the very wealthy (wages, state)
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China must have kicked out another round of checks again. This same post comes up about ever two months. And I have to point out that the only reason Trump's middle class tax cuts are not permanent is that it took 60 votes in the senate to make those cuts permanent when the bill was passed. Every Republican voted to give the middle class a break-NOT ONE DEMOCRATIC SENATOR DID. So when these tax increases some to pass-please, make it a point to thank the Democratic party for one of the largest middle-class tax increases in history.
It does get tedious-countering the lies of those on the left. I do wonder-just how much does China pay to divide this country and spread lies? I have to wonder-do those that promote this crap really think the American public is dumb enough to believe it?
I guess it's possible-Rapey Joe will be taking office in a couple months.
Did you ever consider that if we allowed low income a substantial and permanent tax cut, the "rich tax payers" might not need to pony up as much for public housing, food stamps, medicaid, welfare, etc,?
Many low income folks already pay little or no income taxes.
A better solution would be to make it mandatory for ALL public highschools & colleges to teach financial literacy courses that cover a variety of topics such as: Credit, loans, debt, interest, stocks, bonds, crypto currencies, capital gains, LLC's & trusts, income streams, mortages, real-estate, tax deductions, etc.
We're a capitalist society but we don't actually teach our children how to accumulate and grow wealth.
Ahhh, good times. The libs are already trying to blame Trump for Biden's inevitable tax hikes.
There's going to be a lot of trying to blame Trump for Biden's stupidity and mistakes. Do the fools who voted for Biden really think they're going to get anything other than the mediocrity and malaise of the Obama/Biden presidency? LOL!
The good news is I have enough money to prosper notwithstanding anything the moron Biden tries to do. His voters will suffer though, which is fine with me.
so the actual tax cuts and stepped hikes that are in Trumps bill are now Bidens?
Its the Congress's 10 year planning horizon for the budget. They only write these reductions for 10 years because much of the negative impact on the budget happens after 10 years and they can only come up with revenue enhancers enough to justify 10 years.
Bush's tax cuts were the same way, even the very logical removal of the phaseout of exemptions and itemized deductions.
Almost all of the various special tax incentives have sunset provisions. And almost all get extended the year they were to expire.
If you buy this article, you are just ignorant about the tax law. Ignorant people get easily duped by propaganda.
Ahhh, good times. The libs are already trying to blame Trump for Biden's inevitable tax hikes.
There's going to be a lot of trying to blame Trump for Biden's stupidity and mistakes. Do the fools who voted for Biden really think they're going to get anything other than the mediocrity and malaise of the Obama/Biden presidency? LOL!
The good news is I have enough money to prosper notwithstanding anything the moron Biden tries to do. His voters will suffer though, which is fine with me.
I'm a conservative and I don't fall for this nonsense.
Do you people not read laws as they are passed? The tax hikes have Trump's signature on them. How stupid is someone to hold Biden accountable for something that Trump signed? Trump has the taxes going up starting next year.
This article lacks specifics, like what is going to expired to raise the tax. Then I read the other is from Columbia University, isn’t that where a Obama got indoctrinated from.
I'm a conservative and I don't fall for this nonsense.
Do you people not read laws as they are passed? The tax hikes have Trump's signature on them. How stupid is someone to hold Biden accountable for something that Trump signed? Trump has the taxes going up starting next year.
Talk about massive ignorance and stupidity.
No, you are not a conservative. You are someone who claims to be a conservative while embracing, adopting and defending anything any Democrat ever does or writes.
Did you ever consider that if we allowed low income a substantial and permanent tax cut, the "rich tax payers" might not need to pony up as much for public housing, food stamps, medicaid, welfare, etc,?
The low income aren’t paying taxes in the first place. Fully half of all Americans don’t. You honestly think people on Medicaid and living in public housing are paying income taxes??
.
Many low income folks already pay little or no income taxes.
A better solution would be to make it mandatory for ALL public highschools & colleges to teach financial literacy courses that cover a variety of topics such as: Credit, loans, debt, interest, stocks, bonds, crypto currencies, capital gains, LLC's & trusts, income streams, mortages, real-estate, tax deductions, etc.
We're a capitalist society but we don't actually teach our children how to accumulate and grow wealth.
Good point. I didn't really learn about LLCs, partnerships, etc. until I had a few years in the work force.
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"The man who sleeps on the floor, can never fall out of bed." -Martin Lawrence
No, you are not a conservative. You are someone who claims to be a conservative while embracing, adopting and defending anything any Democrat ever does or writes.
Only in your dreams. I'll never defend you are or you leftist party.
Funny how you leftists want to take credit for these tax hikes when the bills were signed by Trump himself.
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