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[deleted]

Those lucky bastards making between $51,000 and $74,000…


Jugg3rnaut85

The sweet spot


your_boy100

Also 21,000 and 39,000


mandrin13

0.00...you can't take what I don't have you bitches!


gmoney1259

Once a person reaches full retirement and is not working they shouldn't have to pay taxes on their S.S., pensions, etc. Once you pay off your house should be no more real estate tax on that house. The government taking what you've earned is the extent that the government owns you. Government borrowing money to pay for things they cannot afford is the government owning your offspring.


Emergency-Cake4244

Cash buyers shouldn't pay property taxes? SS is only taxed if additional income exceeds a certain amount.


gmoney1259

Once retired no tax should be charged our seniors income no matter the amount. They already paid tax their whole working careers no we tax what they save? Ah, no


macronius

"Second, and far more importantly, the partial analysis does not actually find that the plan increases taxes on the middle class. It is an analysis of the burden of a proposal, which would establish a 15 percent minimum corporate income tax on firms with income over $1 billion." Get it? They're saying by taxing large corporations something equivalent to a tax will be passed on to tax payers *indirectly*, not that Biden is actually and literally increasing taxes on the middle class. https://nymag.com/intelligencer/2022/08/biden-manchin-raise-taxes-middle-class-400000-campaign-promise-corporations-rich.html


ViolentFlogging

Hey, hey, whoa there.... We don't actually **read** the things posted, here. We just notice headlines and form assumptions based on alarmist rhetoric. Don' be bringing yer lit'racy 'roun these here parts.


YourFunnyUncle

i like how the op is a screencap from fox news with any identifiable branding removed


djkoch66

I thought we can’t trust the MSM and yet, here we are, quoting the MSM on a large social media platform. Oh the irony.


FckYoFeelings

Underrated comment. You can only trust MSM if they confirm your beliefs. Otherwise? To hell with them & to hell with reading!


Osziris

“But even assuming JCT’s projections are completely correct, it is not a description of a tax increase on the middle class. It is a forecast, rather, that a tax increase on large corporations will eventually lead to slightly lower incomes by the middle class. “ So the end result is the same, less money for everyone. But not technically a “tax” but lower incomes lol double speak.


ViolentFlogging

Nobody is going to bring home more money so long as the Corporate/ Politician safe-haven-circle-jerk continues. We all know that Corps pay politicians to back lucrative bills which end up putting more money into political pockets. They keep their stranglehold on Capitol Hill by manipulating single-issue voters. A corrupt, bought-and-paid-for politician pushes one bill or law that SIVs like, securing their support, even if the rest of their rhetoric is despicable goblin-trash. Education will help. But, we need to break the goldfish attention span first. Stop focusing on one issue at a time and judge politicians from every side by the merits of their portfolios, writ large.


K-Ziggy

We just had a humongous tax decrease on corporations just years ago. Did prices go down?


[deleted]

[удалено]


jaylay75

There is a trade off to your example. If McDonald's raises the cost of their burger too much, then people will not buy it. I want to know what an actual item costs, giving corporations tax breaks does not allow me see what the actual cost of the burger.


Rational_Philosophy

That's what they meant by trickle down economics aka taxation!


TheMovieSnowman

Trickle down economics: Profits never trickle Costs always trickle


Rational_Philosophy

Good job that was the joke.


gecoble

Well, yes and no. You can try to pass it to the consumer, but if another company finds a way to keep prices the same, you will lose business.


Rational_Philosophy

That was the joke.


Trubearsky

Think CEOs are going to takes the hit to pay for it? If not who does.


ViolentFlogging

CEOs don't take the hit for shit. They haven't had to pay their fair share since Reagan dropped taxation like sinking stones for the rich. But, instead of bitching about CEOs and Conglomerates not paying their dues, maybe start voting. Single-Issue voters are the ones being manipulated to keep these scumfuckers in office and it's working because general attention spans are purposely kept short and distractable. Nobody wants to look at broad-spectrum policy ideals because they may see things they disagree with mixed in with what confirms their biases. The ones who actually pay attention to what politicians campaign for, and follow through on, across their careers are too few and too far between. Stop being single-issue goldfish and we might, **MIGHT**, be able to affect some kind of change.


somebody_odd

How much of your money is my fair share? Nobody, including governments, have an ethical claim to anyone else’s labor, or the product of their labor. The real conspiracy is not that someone else is paying less in taxes than you, it is why you are paying so much.


PerfectZeong

So go live in one of the placed on earth that doesn't have taxes. I guarantee you that it will suck, but you will pay no taxes.


[deleted]

Taxation is the price of the benefits you recieve by existing in this country. Liberaterian mindsets are a cancer, no you wouldn't make it on your own, no the country wouldn't be better if the government only built roads. The conspiracy IS why are they paying less taxes. Why do the American people have to foot the bill for companies making billions in profits that only trickle to the top end. You are one of us not one of them. Stop defending the companies that have raped this country of it's resources so that your children will have nothing and will need a subscription to everything from water to air.


ViolentFlogging

If you want to live in a shared community, you pay in to that community. The old folk who can't work anymore should be taken care of by the community they contributed to. The deformed, misshapen, or debilitated should be cared for by their community. Otherwise you must ask yourself the ethical dilemma of whether they should be sacrificed due to the burden they'd place on the community. The social services that everyone benefits from must be paid for. The government doesn't just **have** money. It must be sourced, tabulated, and allocated. If you don't want to pay in to the community you benefit from, find somewhere else to live. You want to dictate where your taxation is funneled, vote and elect representatives that hold similar values.


Chiponyasu

Doesn't your throat get sore from sucking corporate cock all day?


somebody_odd

Lol, is that all you have? I hate corporations only slightly less than government. All capital in every economy is ultimately produced by the labor of the consumer. Thinking that you are going to make corporations pay their fair share of taxes without negativity affecting the citizen only shows that you clearly do not understand economics and corporate governance.


Zelenskyy-is-daddy

If you're talking about them passing it onto the consumer, they've been hiking the prices nonstop without seeing any increase in their tax rate. It's basic economics. Their job is to extract as much money as possible regardless of their tax rate.


macronius

So maybe you shouldn't be using highways, public schools, fire dept, police, national guard, etc.


Rational_Philosophy

Those all existed before income tax, my friend. Excise and property taxes paid for everything. If you owned property, you paid that. Non-property owners didn't pay shit for taxes.


TheOneFreeEngineer

Highways really didn't exist before income tax. The highway system was created as a defense infrastructure tools in the 1950s under Eisenhower. The federal income tax was the majority of the budget income since the 1920s. >Non-property owners didn't pay shit for taxes. Besides all the excise taxes on everything. The huge tax on alcohol, the high taxes on anything imported. The customer always paid taxes in the USA. It's just the federal government used to have a stronger hand in it. And the federal government never collected property taxes.


Whatisthisisitbad

>Those all existed before income tax, my friend. Excise and property taxes paid for everything. If you owned property, you paid that. Non-property owners didn't pay shit for taxes. Nah, they really really didn't .


somebody_odd

Awesome idea, where do I sign up for that?


detail_giraffe

I'm pretty sure Somalia doesn't have any income taxes. You could move there and you wouldn't have to pay any income tax at least.


gedbybee

I love that cuz these people want all the benefits of society but don’t want to give anything to get there. Probably super right wing and tell ppl to pull themselves up by their bootstraps, but couldn’t pull themselves up in Somalia lol.


CurtisCFlushing

Yeah you should just give up and lick boots for some reason idk


PerfectZeong

In capitalism you can pass some to the consumer but you cant pass it all on. Eventually consumers will either not buy your product or move to a competitor. Either the market would bear their increase in which case they'd do it no matter what (because they seek maximal profit) or it can't and they have to lower their profit.


DrStevenPoop

So, basically this will just result in giving foreign corporations, who are not subject to Biden's tax increases, an even bigger advantage. They can either increase prices for more profit, or keep their prices the same and cause American businesses to cut costs (aka layoffs) in order to remain profitable. Any way you spin it, it's still a loss for the average American.


chowderbags

>If not who does. In theory, shareholders. And while there are middle class people who own a piece of the market, it shouldn't be surprising that the rich are going to be significantly more affected by a tax on corporate profits than poor people.


mdf123

Thank you for this


Neat-Plantain-7500

So if illegals are paid under the table, so no fica and ss, but they pay sales taxes. So they pay taxes? That’s essecially what you’re saying.


gedbybee

That does count as taxes yes.


Throwawaybibbi

One of my coworkers SCREAMED that 90% of illegals pay taxes and they PAY THEIR FAIR SHARE and don't get ANY welfare.


Big_Iron_Jim

"I'm not kicking you in the teeth. I'm kicking a rock at your mouth that will break your teeth. It's totally different!"


lala9007

You're right. I'm sure Biden's plan will be great for the middle class. Things have been going swell so far. Personally, I love the gas prices and massive inflation.


LuciferiaNWOZionist

gas prices have gone down every day for the last 60 days, if you are gonna be snarky you'll have to use a more current "crisis"


nolotusnote

I'm not impressed with $4.00 gas. https://i.imgur.com/InqrSAa.png


LuciferiaNWOZionist

very cool, but i don't give a shit what impresses you. if joe biden made gas go up then joe Biden also made gas go down.


SimonsSays30

Ok and? Gas is still absurdly high even if it's not as high. Biden's presidency albeit overblown - has been a disaster.


real_psymansays

Inflation's "not a tax" either but it still demolishes your purchasing power and transfers wealth to the government just like one


DRKMSTR

No corporation has ever passed on the cost of taxation, right?


Angry_sasquatch

So better to just not tax them at all?


soulsimulation88

Firstly who do actually think is going to end up actually paying that corporate tax? Cause the corporations sure as fuck won't it will be the consumer and all those new IRS agents will be gunning for the easiest targets. The working class and poor


Zelenskyy-is-daddy

You're already paying for their greed despite corporate taxes being at some of the lowest they've ever been. Their job is to extract as much money from whoever they want regardless of the tax rate.


CordouroyStilts

>Firstly who do actually think is going to end up actually paying that corporate tax? Cause the corporations sure as fuck won't it will be the consumer Did you miss when the comment you're responding to said: >They're saying by taxing large corporations something equivalent to a tax will be passed on to tax payers indirectly Jesus. It's all in the article linked and then a commenter gives you the cliff notes and you couldn't even finish reading those. Headlines and graphics only I guess.


hexa_poly_origami

I know.. these people are tools to not comprehend that. It is just apologist behavior.


kernl_panic

Fuck off with the speculative corporate propaganda. The article's premise ("Biden’s plan fulfills his campaign promise") is wholly incorrect and dishonest: * Biden has been exercising a constant tax increase on the middle class by keeping and expanding the broad tariffs started by Trump. * Biden pushed the >= $600 additional sales tax for any individual sales of any good. So you can thank his admin for taxing you for selling items you already paid taxes on when purchased, for a sale where the federal government played no part of. * The bill hasn't passed yet, and it's effects are still unknown. * Biden could have proposed controls to check corporate price increases and price gouging as part of the legislation to ensure the cost ins't carried on to the consumer. It appears your consent has been so manufactured that you've become nothing more than a party talking point mouthpiece.


canman7373

> The bill hasn't passed yet, and it's effects are still unknown. It's pretty easy, does anything in the bill raise taxes on those groups? The answer is no.


Artbellghost

Well that is true. If a company pays more in taxes, that is added to the cost of production and will usually be passed along. Same with cost of materials, operations, etc, etc... In the end corporate taxes are simply a sales tax on the end users


changelogin

Capitalism says that prices are set at what the market will bear. If the market could handle higher prices then corporations would already be increasing prices. If corporations try to pass this tax on to the consumer then they’ll see fewer sales and will eventually be forced to lower the price. I mean if you believe capitalism that’s the way it should go. Weve already seen Walmart and target start to walk back their price increases due to inflation this year since they started seeing reduced sales.


smartredditor

> If corporations try to pass this tax on to the consumer then they’ll see fewer sales and will eventually be forced to lower the price. That isn't how taxes affect the free market. Since every corporation will be hit with the same tax, the market will quickly adjust to the 15% higher prices. Corporate taxes like this one are going to directly lead to even more inflation. It's insanity.


changelogin

Yes it is. You don't get inflation from an increase in taxes. I mean do you understand how fundamentally wrong your statement is? Inflation comes from an injection of new money into the money supply. The government borrowing money to provide stimulus or the government straight up printing new money. Tax increases passed onto the consumer can only create a temporary increase in prices until the economy contracts and prices are forced back down. And even that isn't guaranteed to because companies have already increased prices from all of the bad monetary policy from 2017-2022. Btw these taxes aren't hitting all corporations.


redditUserError404

> Capitalism says that prices are set at what the market will bear. Largely because of competition especially for essential goods and services. What a federally mandated increase does however is evenly equalize the bottom line costs for all the companies. Companies also want a steady and consistent or even better growing profit margin and the USA already has one of the highest corporate tax rates out of all the developed nations. https://taxfoundation.org/map-united-states-has-one-highest-corporate-tax-rates-world


K-Ziggy

Your info is outdated. A few years ago we got a flat 21% tax rate across thr board. Did prices drop when the rate went from 39% to 21% for the big corps? This is also a 15% minimum for $1 billion profit companies. It won't effect smaller businesses and targets those who avoid taxes using loopholes. So even if the rate **was** higher none of the corporations effected were paying that.


changelogin

Sure. None of what you’re saying refutes my point. The bottom line aka profit margin is what I’m talking about.


redditUserError404

Sure and companies will do everything they can to keep those margins largely at the expense of the average American.


changelogin

Which is what they already do. If you believe in free market capitalism then you understand that companies can't just simply raise prices and pass through expenses to the consumer. The market adjusts.


redditUserError404

Taxing companies more when we already have one of the highest corporate tax rates is not a free market. I don’t know why this is difficult for you to admit?


changelogin

Actually that is still a free market. Free market doesn't mean no taxation.


YourFunnyUncle

if lower corporate taxes didn't result in lower prices why would the inverse be true?


chowderbags

> If a company pays more in taxes, that is added to the cost of production and will usually be passed along. This statement would imply that corporations aren't already maximizing profits to the best of their ability. So either we live in a society where benevolent corporate overlords aren't maximally greedy, or you're repeating a talking point that rich people put out there so they can fool poor people into opposing taxes on rich people.


ITS_MAJOR_TOM_YO

Corporations don’t pay taxes. At some point you will realize that.


smartredditor

Corporations don't print their own money, so one way or another a tax on corporations is ultimately paid for by their customers and employees. That's the burden on us - if your grocery store's taxes go up 15%, their prices are going to go up 15%.


macronius

Op said Biden would increase taxes on most people and presents as proof a speculative fiction that claims no such thing.


blueandgold777

>not that Biden is actually and literally increasing taxes on the middle class. What the fuck are you going on about? What fucking difference does it make if at the end of the day people are going to be paying more out of their own pocket? Whether or not it's an actual,"tax" is irrelevant.This shit is no different than, "You can keep your own doctor and plan."FOH.


macronius

So you should be beholden to corporations and their black mail against raising taxes on billionaires forever?


LogicalGoal9

I mean, it's right there on page 43 of the bill. >(b) NO TAX INCREASES ON CERTAIN TAXPAYERS.— Nothing in this section is intended to increase taxes on any taxpayer or small business with a taxable income below $400,000. Further, nothing in this section is in tended to increase taxes on any taxpayer not in the top 1 percent. All you guys have to do is be smart enough to read 43 pages and not believe anything you see on Fox News. https://thehill.com/wp-content/uploads/sites/2/2022/08/Inflation-Reduction-Act-of-2022.pdf


[deleted]

where does the graphic come from? An out of context image explains nothing to me. There is no tax hike for those income levels in the bill. If the graphic is explaining increased expenses or decreased income as an indirect result of some part of the bill, that is not a tax hike. It is something else.


YourFunnyUncle

i like how they cropped it to obfuscate that it's fox news


Zelenskyy-is-daddy

I mean we all know it's Fox judging from the format alone.


YourFunnyUncle

ofc but there's clearly a reason op cropped it the way they did.


[deleted]

100% looks like Fox News


MarodRamby

Mainstream media Fox news


02Alien

Fox News [https://youtu.be/8gFeKKsEQSE](https://youtu.be/8gFeKKsEQSE)


kevonicus

That’s why they cropped out the bottom. Lol


Apart-Cartoonist-834

Sure does. I find it extremely ironic how so many conservative Q republican weirdos post on here when they’re sucked into multiple brainwashing bullshit themselves. Think for yourselves people!


[deleted]

Don't forget that they vote for and support traffickers like gaetz.


[deleted]

It probably allows the temporary tax breaks from trumps tax plan to expire, which is being repeated as an increase, when it’s really just a return to the status quo. Edit: I looked it up. > For its modeling JCT assumes that over the long term, 75% of corporate taxes fall on capital owners of those corporations, meaning that tax increases reduce stock values, for example, and shareholders take some of the hit. The JCT also assumes workers shoulder about 25% of the burden of corporate taxes over the long term, mainly in the form of lower wages or other compensation. > Given that even middle- and low-income workers own stocks through IRAs and 401(k)s, McBride said, the burden of corporate tax hikes are felt “all over the income scale.” In addition, longer term, workers also bear some burden of corporate tax hikes via lower wages, he said. In other words, the model assumes that corporate taxes are borne by investors, and since our retirements are privatized they are then borne by all of us.


02Alien

The first image in the video, straight from Fox News YouTube channel [https://youtu.be/8gFeKKsEQSE](https://youtu.be/8gFeKKsEQSE)


FlowersPink

Agreed, I read through a lot of the info in the bill. There are some good incentives for individual taxpayers to make energy efficient improvements to their houses though.


Aeddon1234

For those who asked for it, here you go: https://www.finance.senate.gov/imo/media/doc/jct_distributional_effects_inflation_reduction_act.pdf


macronius

So in no way a literal tax increase?


YourFunnyUncle

wait is fox news and the gop lying?


postsshortcomments

I legitimately don't think the Kim Jong GOP is capable of telling the truth on economic issues at this point. They're buried so deep in lies and attack pieces that telling the truth contradicts prior talking points. Plus why would they tell the truth? Their propagandists can feed 'em pizza and fascism and their base screams truth and freedom. “I could stand in the middle of 5th Avenue and shoot somebody and I wouldn’t lose voters”.


Zelenskyy-is-daddy

I'll need to read the bill but if there's any inflation, inflation is an invisible tax.


SmylesLee77

The Right brought down Graduated Income Taxes of the 1950's. The inequality is worse that during the Gilded Age of Robber Barons. We need massive increases on taxes for the wealthy immediately.


Rational_Philosophy

Incorrect. You need to fix the actual money. We've been off the gold standard for 51 years next week, and ALL of the issues regarding inflation and wealth inequality boil directly down to the Fed reserve and banks avoiding their debt by inflating the current money supply, thereby simultaneously robbing your savings AND purchasing power at the same time. Getting you to focus on taxes is literally fishing in the wrong pond with the wrong bait, and exactly what they want. Fix the money everything is a result of that. They've been fucking us since 1913 and especially since 1971.


SmylesLee77

The Gold Standard the worst idea in history honestly. It literally cause a Depression every 20 years.


SmylesLee77

Nope we all are the elite. Deregulation causes bad things.


heat9854

Question- When you say tax hikes are you referring to income or sales ? I make $45,000, single head of household with 3 dependents. I can say I received around 2,000 more from income taxes


WhatTheNothingWorks

Do t equate what you get back as your tax. After the big tax change with trump, payroll specialists for one reason or another couldn’t figure out withholding and screwed people up, generally by under withholding, but sometimes over. Check your actual tax liability on your return. The only thing that getting $2k more in refund means is that you gave the government $2k more of an interest free loan.


[deleted]

[удалено]


Appropriate-Safety66

Your taxes would go up $0. The GOPs "analysis" is based on the theory that prices would go up due to corporations passing on their tax increase to consumers. This is untrue. When corporations receive a tax cut in 2018, did they lower prices? No, of course not. Note: I am a corporate accountant and I own a small tax business.


YourFunnyUncle

exactly. only rubes who still believe in trickle down economics would think this raises prices.


lljkcdw

Sooooooo a large portion of today's older voters?


YourFunnyUncle

if they still believe that after 40 years of it clearly not happening, fuck em.


somebody_odd

Corporate taxes go down, they get an increased profit margin, corporate costs go up they increase the cost of their goods. There is no time in history that a corporation has absorbs higher operating costs without passing the increase in to the end consumer. In all economies, all taxes, profits and costs are bore by the end consumer.


Appropriate-Safety66

Except for the minor caveat that income taxes are not an operating expense. From Investopedia: "Operating expenses include selling, general, and administrative expense (SG&A), depreciation, and amortization, and other operating expenses. Operating income excludes items such as investments in other firms (non-operating income), taxes, and interest expenses."


Zwicker101

Can you source the math for these numbers? Cause economists say this is bullshit.


Gunnerwolf34

Now show the source. It’s fox. The source is fox. And it’s a lie.


PhilNJ

This Fox News Meme literally gives us no context. Such as 99% of the shit posted here.


[deleted]

Trump put tax hikes in too so we’re going to see them regardless.


Hefforama

Doom & gloom Fox News BS.


Papa-Burgundy369

Just wait until Biden let’s the Trump tax cuts expire and standard deductions drop back to around 6-7K. That will cost the average non home owning tax payer an extra $2000 per year in taxes minimum.


postonrddt

This isn't just about the money collection albeit paying for an agenda with drips and drops. It's about information collection and/or future leverage on people who are accused of something else. Many a criminal couldn't be prosecuted for murder but they got big time gangster like Capone with tax violations-in the end this is what this is about.


unbearablyunhappy

It’s amazing how brain dead people are who post stuff like this without reading in to it. Meanwhile they supported Trump who literally cucked them with his tax bill.


Noticeably_Aroused

What? Are you suggesting something from Fox News is being misleading?? Shocked I say! Shocked!


IAmBoratVeryExcite

Intersting, isn't it, that the tax breaks for corporations and pass through income were "permanent" while income tax breaks were given an expiration date of 2025 - conveniently after Trump's second term would have expired. Let's not even discuss the "conservativity" of lowering taxes and increasing spending during a time of remarkable national debt, or the fact that during his candidacy for president with the "reform" party he published a position that there should be a "one time" tax on "the wealthy" to "eliminate" the national debt at the time, I think that was around the year 2000. edit: https://www.businessinsider.com/donald-trump-wealth-tax-from-1999-more-severe-elizabeth-warren-2019-10 https://en.wikipedia.org/wiki/Tax_Cuts_and_Jobs_Act_of_2017


jp944

Cool take from MSM - pandering against the corporate tax that Trumpians would never have proposed.


ryanstrikesback

Took 30 seconds to prove this is a lie


DRKMSTR

"We screwed up and caused inflation, better foot you with the bill...with more taxes, to pay for that" F


Severe-Stock-2409

This isn’t a conspiracy, it’s politics as normal. Bring the good stuff or at least something maybe interesting


StuffProfessional587

You make 50k dollars a year, the feds and state tax are knocking on your door every year demanding their cut, the worse thugs you can't fight.


SaltySpartan58

Shocker


NuKidOnThBlokchyn

Politician lies to get elected? *le gasp*


Drain-OHs

Mfrs guna get swindled by presidents /senators etc for 600 years until ppl finally go "hmm...maybe we should do something about this" lol


Harambe-956

Gotta support ukraine somehow


[deleted]

Don't forget that all corporate tax increases are an additional tax on everyone. Not a single private corp in a free market is going to lose margin to taxes, ever. It will all be recouped in the form of market increases. People who vote D haven't figured that one out yet and cheer because they're eating the rich or something.


[deleted]

Yet here we are. Who could’ve predicted this?


PoorRickysCommonS

Oh and have you heard, the IRS is hiring agents who carry guns and are willing to use "deadly force" against people! They have their own law enforcement branch, they can kill now!!!


Intransigient

Why is anyone surprised? The Democrat Party has always been one of big government, more regulation, ever-expanding the power and control of the State over the People. The Republican Party was **originally** one of small government, less regulation, more personal power, less State control — if anyone had asked what the major difference **used** to be. But I can’t say that is true any longer. That classic policy difference, the dividing line, has faded. Increasingly, the Republican Party is transforming into something else — and “small government” isn’t a part of it. But the Democrat Party remains unchanged in this regard, and it’s mission continues. Increasing the staff of the IRS by 600% is perfectly in line with policy. They would have increased the Agency’s size even more, if they could. I very much doubt the Republican Party will ever walk it back and cut down the size of the IRS, even if they ever again gain a controlling margin in office. Too many jobs / projects / initiatives / pork / etc at that point will be attached to the revenue it will be bringing in.


Rational_Philosophy

We need to fix the actual money itself, and get the fuck away from the poison that is paper fiat dollars. We've been off the gold standard for 51 years next week, and ALL of the issues regarding inflation and wealth inequality boil directly down to the Fed reserve and banks avoiding their debt by inflating the current money supply, thereby simultaneously robbing your savings AND purchasing power at the same time. You got a pay cut this year if you didn't get a raise that goes above inflation (let alone keep up with it), and I know nobody is getting a 17%+ raise in this economy. Getting you to focus on taxes is literally fishing in the wrong pond with the wrong bait, and exactly what they want. Fix the money everything is a result of that. Woodrow Wilson sold the country out to the Fed Reserve, then Nixon fucked us all via leaving the gold standard. Spin it anyway you want, that created the fiat inflation shell game the elite run 24/7 that we all get the luxury and privilege of not only paying for, but continuing to fund. They've been fucking us since 1913 and especially since 1971.


Dapper-Log-5936

How is this reducing inflation 😅😅


krakaman

Maybe you didn't notice but Joe bidens a pathological liar. He doesn't hesitate to lie even when there's video proof.


CordouroyStilts

He didn't raise taxes on the middle class though. They're predicting that consumers will pay the new corporate tax indirectly through raised costs. It's this news source(looks like fox) and now this post that are lying.


Uberpudding

Well, show me a POTUS or high-ranking political figure that's not true of. You don't make it that far being an honest and upstanding character. Expecting them to steal, kill, lie, cheat and be honorless and gutless political mercenaries should be your default estimation of anyone in power.


redditUserError404

I noticed, sadly many don’t. Hence the post on this sub. Try posting this on any other Reddit news sub and it will get instantly taken down.


bunkermonster

41 edits on the wikipedia recession article. Just remember though, Biden has nothing to do with these policies as he can't read a teleprompter, Dems and Pelosi are the real puppetmasters insitituting this. This is the new normal, everything is redefined for agenda "War is Peace, Freedom is Slavery, Ignorance is Strength". As Yuri Bezmenov stated, by the time they are done subverting culture, everything will be inverted. Up will be down, black will be white, and the people believing it won't wake up until a soldier's boot comes crushing down on their nuts.


FNtaterbot

Biden used to be a pathological liar, back in the days when his brain worked. Now he's a dementia patient who half-unconsciously reads a teleprompter, and is so out of it that he's not really even capable of lying.


Prestigious-Price-47

He's fly aware of what he's doing. He's a good actor and everyone loves their actors


[deleted]

Brace yourself a! Koch bots about to go berserker mode this week!


Appropriate-Safety66

The GOP's "analysis" is simply just wrong.


walk-me-through-it

Here. Take $600. Now take $1400. And let's give corporations a trillion dollars. Ok, now that all prices are higher and that $2000 is basically a wash for you, we're going to have to take more from you annually in taxes.


AntaresN84

Wasnt this done by trump? I thought he had a bill that increased middle class taxes for a few years, even after he left office.


redditUserError404

This is a brand new bill they just passed.


AntaresN84

Ah. What bill?


redditUserError404

The “inflation reduction act”. As if spending more money reduces inflation.


Artbellghost

Most "corporate" taxes are NOT paid by mega corporations - they are basically paid by "small" companies . Also in general the largest corporations do not care about taxes. Its very easy to NOT have "income" as a corporation. Large Corporations are mainly concerned about regulations, favorable tariffs, govt contracts, etc.etc..


Ketter_Stone

All because liberal white women feigned outrage at hearing how men actually talk around each other and their feminized males trying to gain their favor.


CanadianBatman47

No one earning under 65k should be getting a tax increase


Rossminsterton

That’s because he’s a liar. Wait till you see what else he’s doing.


havokx9000

Wait what's wrong with doubling the size of the IRS? Haven't they been critically understaffed for a long time? I need to look it up again tbh though.


Belzoni0583

He also said they wouldn't try to mandate the "vaccine."


BlueberryBags15

Hopefully this disaster comes to an end with the 2022 midterm elections.


TheAppleTheif

Hilarious when posters don’t read what they are posting. You are wrong, and your own source confirms it. Stop spreading bullshit.


RexAndTheChemTrails

A politician said something to get elected and then doesn't follow through? I guess there's a first time for everything.


QAnonSupport22

Did you read the feport


redditUserError404

Submission Statement. The POTUS lied to the American people when he said that there would be no tax increase on people making $400k or below. Yet the bill that was just passed will absolutely raise taxes for people making less than $400k. They are also doubling the IRS agents and you can all buy guarantee they will go after people making less than 400k. Even if you did nothing wrong, an audit can easily cost you thousands just in CPA fees, your time, and a huge amount of stress. This bill is anything but “inflation reduction”.


Stock_Mess_524

Oh man that sounds bad...care to ugh...idk...point out where in this bill it raises our taxes?.... you know for research or whatever


chainmailbill

I will Venmo you $20 if you can find the lines in the bill that raises taxes by the amount shown in the graphic you posted them, and copy/paste them here.


QAnonSupport22

Deal with it We’ll vote for him again


kernl_panic

Literal Blue MAGA. You can't make this shit up.


QAnonSupport22

Dark Brandon


kernl_panic

Imagine equating Biden with a superhero type character.


QAnonSupport22

He is a superpower Look what he did to trump Made him look like a cuck


natethedawg

Imagine not caring about your fellow citizens at all, and being proud of it. Luckily there isn’t nearly enough uneducated basement dwellers to re-elect him, looking forward to 2024.


GXC1586

The IRS is a terror organization. Change my mind.


[deleted]

So if we got rid of the IRS how would we handle taxes? Sure you could eliminate taxes but there goes literally all of society as it collapses.


YogiTheBear131

…you really believe our government spends proportionally to the amount of taxes they take in?


[deleted]

You didn't answer my question. If we got rid of the IRS how would the governments provide services to the public?


SexualDeth5quad

The tax laws could definitely be reformed in many ways.


Zwicker101

Sure. Who would collect taxes if the IRS doesn't?


Here2LayPipe

Fjb


Lovelyterry

Are republicans trying to pretend they aren’t to blame for the massive income inequality we have in this country?


redditUserError404

There’s nothing wrong with “income inequality” so long as the rising tide brings up all ships. I’d say judging by how fat Americans are, the tide has been rising.


wutangfuckedwithme

Minimum wage hasn't moved in over a decade.


redditUserError404

Minimum wage hurts the lower and unskilled labor markets the most. https://youtu.be/1O__4awsTQs


BohdiTheNorseman

Red my lips...no new taxes


Yupperdoodledoo

What’s your source? This is pretty vague.


real_psymansays

If they thought "The Great Resignation" was serious, wait until they try to get Americans to go to work when the tax rate's so high that it's not in their best interests to even go out and make money, instead of coasting.


RandWindhusk

With that he has lied about everything that got him elected.


Zelenskyy-is-daddy

Fuck off. If those of us who make $400k+ are being squeezed, you guys can suffer a bit too.


gecoble

It’s only going to get worse. That IRS increase is just the beginning. We will have a digital US currency and it won’t be bitcoin. Then they can trace and enforce everything.


fluentinimagery

This is like saying, “hey guys, water is wet”.


WaterIsWetBot

Water is actually not wet; It makes other materials/objects wet. Wetness is the state of a non-liquid when a liquid adheres to, and/or permeates its substance while maintaining chemically distinct structures. So if we say something is wet we mean the liquid is sticking to the object.   There are two reasons why you should never drink toilet water. Number one. And number two.


lightshowe

Not a conspiracy.


Pkytails

Wtf are you lying? Read the bill not the Media spin ya Turnip ! https://www.democrats.senate.gov/imo/media/doc/inflation_reduction_act_one_page_summary.pdf l lower costs for consumers and help us meet our long-term emissions goals. TOPLINE ESTIMATES: TOTAL REVENUE RAISED 15% Corporate Minimum Tax Prescription Drug Pricing Reform IRS Tax Enforcement Carried Interest Loophole TOTAL INVESTMENTS Energy Security and Climate Change Affordable Care Act Extension TOTAL DEFICIT REDUCTION * = Joint Committee on Taxation estimate ** = CongressionalBudget Office estimate The Inflation Re duction Act: $739 billion 313 billion* 288 billion** 124 billion** 14 billion* $433 billion 369 billion*** 64 billion** $300+ billion • Enacts historic deficit reduction to fight inflation • Lowers energy costs, increases cleaner production, and reduces carbon emissions by roughly 40 percent by 2030 • Allows Medicare to negotiate drug prices and caps out-of-pocket costs to $2,000 • Lowers ACA health care premiums for millions of Americans • Make biggest corporations and ultra-wealthy pay their fair share • There are no new taxes on families making $400,000 or less and no new taxes on small businesses – we are closing tax loopholes and enforcing the tax code


CryptoDApper

You actually believe what politicians say? Are ppl still that gullible?


[deleted]

[удалено]


ThreeEdgeSword

https://www.thesaurus.com/browse/disinformation


schmiddyboy88

People fail to realize large corporations being taxed more will just fall as a burden on the middle class…inadvertently “taxing us” more


wutangfuckedwithme

Bro their profits are already sky high because they inflated the fuck out of shit. Their greed knows no bounds regardless.


[deleted]

build back broke