But remember, orange man bad, don't vote for the fake republican, it'd be much better if Trump wasn't re-elected.
right....
That BS $400,000 threshold is now about $330,000 in current dollars.
Spending freezes, higher taxes and inflation are the future.
No other plausible outcome exists.
The idea is to absolutely reduce investment so the collapse comes sooner.
Cut spending? Balance the budget? Limit entitlements? Reduce the size of government?
Heaven forbid!!!
GET THOSE TAXPAYERS!!!
He must not be “taxing the rich” too much because the rich can still find plenty of cash to donate to Democrat politicians.
IT’S NOT A TAXING PROBLEM...IT’S A CORRUPTION, SCANDALOUS WASTEFUL SPENDING PROBLEM!!! FJB ABD ALL STATIST POLITICIANS!!!
(Sorry for all caps and not direct at you)
way to add insult to injury: record inflation followed by capital gains tax increase.
this can’t be accidental.
We’re old and don’t plan on selling our property but if there is no stepped up basis when we die it will destroy our estate that we want to leave our children. So if it’s gone, we’ll probably start selling off our properties and go on a round the world cruise.
-PJ
This is virtual communism. He wants the government to own 44.6% of the profits of corporations. Under communism, it would be 100%.
So why start a business if the government is going to confiscate your profits and give them to countries that are blackmailing biden, new arrivals who are getting everything free, non-Whites who will get a lifetime income (reparations), unstable people who hate their sex, and countries that hate ours.
Biden can’t find his @$$ with both hands and a funnel. These Marxist ideas are coming from the panjandrums of the Commie ‘RAT party...Obama, Soros, Hellery, etc.
disincentivize investment is code for crashing the economy and returning to 1932
If the politicians were doing a good job with the money we sent them they wouldn’t need to keep trying to raise taxes. Their wanting more money after we already send trillions is proof of their failure.
I’m nervously waiting to see what FJB wants to do to small pass-through businesses (well under the fictional $400K threshold).
The aid to Ukraine is chicken scratch compared to the $1,000,000,000,000+ of taxpayer dollars the feral...err...I mean federal gubmint is spending, EVERY YEAR, on illegals.
I guess I will have to plan on dying before the law kicks in, which will at least help social security to remain solvent...so there’s that.
Hoping for a long, long filibuster.
Guaranteed recession/depression, if it passes.
There isn’t much of a chance it passes the House, is there?
Democrat strategy: Burn it all down and rule the ashes.
During the Depression, FDR had a 60% income tax on those earning 100k or more.
Capital gains need to be indexed for the inflation over the actual asset holding period.
To Democrats ‘’rich’’ is anyone with a job.