Posted on 04/15/2024 1:14:42 AM PDT by Libloather
Anyone else remember when Pelosi promised “real middle class tax cuts” after bashing the first tax relief for us in years as “crumbs”? All we had to do was elect democrats..
Like the Hildabeast said,we have a lot of things we want to spend your money on.
Can’t imagine all the gay crap this assclown would spend my money on
BTTT
Taxation without representation. Inflation without representation. Invasion without representation.
...and no place to go Galt.
“...fundamentally change...”
Interesting words from Obama...
My taxes went down $900 under Trump - they went up $2k under Biden’s last 2 years.
Employees don’t see the money like folks that pay quarterly.
Most only see net pay, or my favorite term “Bring Home”.
I retired early last December. They will tax me every time I touch my SEP, IRA, and SS.
I will no longer spend my days working to feed the Beast.
Shame we don’t have an actual opposition party to the Stat/Fasc/Commun-ists that actually/actively work to adhere to/enforce the Constitution & thus require LESS taxes overall (for LEGAL govt ‘needs’)
“Oddly”, the ‘...most important election EVER/any (R) is better than a (D)/throwing vote away via 3rd party...” brigade is kinda quiet these days.
I agree with your disdain for higher capital gains tax. But disagree with the technicalities of your post. Withdrawals from IRAs aren't subject to the capital gains tax. They're subject to the normal personal income tax. The same for 401Ks, 403Bs, and 457s. And if you put the word "Roth" in front of them then they're not subject to any tax (assuming you follow the withdrawal rules, such as the age 59.5 rule or the age 55 rule or the 5 year rules).
>>>...”Biden also promises to increase the tax on Subchapter S corporations, partnerships and all “pass through” businesses,”...<<<
You mean like 28 shell corporations used for money laundering and nothing else?................
Elect the pedophile and his jiggling giggler again and watch what happens. You won’t be hating President Trump anymore.
That would be correct.
-PJ
I will have to dissolve my LLC and become a sole proprietorship. That or go out of business.
Are these commies that ignorant of economics, or are they deliberately trying to crash the economy?
I have an LLC as well. Keep in mind a single member LLC is a sole proprietorship according to the IRS. It won’t matter if you dissolve it or not.
Did you remember to file you FinCen BOI yet?
https://boiefiling.fincen.gov/
The BOI E-Filing System supports the electronic filing of the Beneficial Ownership Information Report (BOIR) under the Corporate Transparency Act (CTA). The CTA requires certain types of U.S. and foreign entities to report beneficial ownership information to the Financial Crimes Enforcement Network (FinCEN), a bureau of the U.S. Department of the Treasury.
But he made too many enemies
Of the people who would keep us on our knees
Hooray for Donald Trumpkinhead.
-XTC
Two sides of my sign at a future Trump rally.
I can’t pay 40% of my income. I may as well be unemployed.
I am looking at two options.
1)I can start drawing SS next year.
2)Convert to a Chapter S from an LLC next January
This administration is obsessed with people who work independently. Slapping us with a 40% tax rate is punitive and meant to either shut you down or move you to a Chapter S where they can collect taxes from your paycheck or determine that you do not have a ‘real’ business, but a hobby and take all those deductions away from you. Chapter S requires you to take a reasonable paycheck and if you cannot do that on a regular basis, then you do not have a business. https://www.irs.gov/businesses/small-businesses-self-employed/paying-yourself
Biden rule threatens to throw independent contracting into disarray
https://thehill.com/opinion/congress-blog/4506646-biden-rule-threatens-to-throw-independent-contracting-into-disarray/
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