Posted on 03/17/2021 7:57:43 PM PDT by conservative98
White House Press Secretary Jen Psaki on Wednesday clarified that President Biden’s proposed tax hike would apply to people who earn $200,000 per year if they are married to someone who makes the amount.
Psaki said at her daily press briefing that the proposed $400,000 threshold for tax increases applies to “families” rather than individuals.
The clarification significantly lowers the tax-hike threshold announced by Biden in an ABC News interview that aired Wednesday.
Biden’s interview statement appeared to indicate the cutoff would be $400,000 in individual income.
“Yes, anybody making more than $400,000 will see a small to a significant tax increase,” Biden told George Stephanopoulos.
Biden added, “If you make less than $400,000, you won’t see one single penny in additional federal tax.”
(Excerpt) Read more at nypost.com ...
Actually they meant 20K.
ROFL
I don’t make that much. Wake me when they come for my IRA.
HAHAHA, totally on point.
Okay, we’ll wake you in two months.
To be fair, when I first read the $400,000 I just knew in my gut he meant households (families) and not individuals.
No worry....New gas prices are getting everyone.
LOL - all tax increases fall squarely on the middle class. As long as the grass is green and the sky is blue.
Exactly !
They mean more than 400,000 rupees .
A rupee is worth $01.4
Anyone who makes any money is taxable “rich” with the socialists.
As long as you’re OK, that’s what matters.
A lot of people here in Silicon Valley who voted for Biden are going to get hit with this. That’s the only good thing about it.
BiXiden is writing this stuff or Nanzi is getting the job done?
A nearby town that had lots of Biden signs also has lots of people who will likely fit in that bracket. Serves them right.
Wonder when they’ll be yelling “Thanks, Biden!” - guy at the gas station told me that several days ago a lot of customers were saying that - in response to anything.
Of course, I’m still in a red state, fortunately.
Mostly red - except for the blue disasters of major cities, that is.
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