Posted on 04/30/2024 8:32:44 AM PDT by Lazamataz
The Biden administration’s analysis of its revenue proposals for fiscal year 2025 argues targeted tax hikes that disproportionately affect white people would ease racial wealth inequality.
Increasing taxes on capital gains and income-based wealth would reduce racial wealth inequality for black and Hispanic families, the Treasury Department outlined in the analysis published in mid-March. The Treasury points out that white families disproportionately hold assets subject to capital gains tax or are in a higher tax bracket, meaning a hike in those taxes would benefit black and Hispanic families. (RELATED: US Economic Growth Slows Down Massively, Well Below Expectations)
The Biden administration argues for taxing capital income for high-income earners at “ordinary rates,” increasing the top rate from 37% to 39.6% for those who earn more than $1 million a year. Taxes on net investment income would also be hiked by 1.2 percentage points to 5% for those who make over $400,000 per year, bringing the total top marginal rate to 44.6%.
(Excerpt) Read more at dailycaller.com ...
How can any of this be Constitutional?
Oh I know, of course it’s all “legal”.
Will the IRS honor how one identifies in the future? Inquiring minds want to know………
WWG1WGA!
With luck, the DC Comintern will succeeds in spreading the same globohomo neo-marxism to Ukraine.
Unsure. All that I am certain of, is that I am as black as the Ace of Spades.
You white oppressor, you.
I hope so.
Signed,
Laz, the 100% black man.
How about social welfare based on racial criteria.....oh, yea, the light skinned racists of the dem party already did that for a century
Having been a black man for so long, I’ve become used to it.
Another Biden policy that will cause the economy to death spiral. This guy is hell bent on paralyzing this country.
Lazy,
I’m a handicapped, Jewish, LGBTQ+, Black woman with a Spanish surname. Maybe we should hook up.
EC
So let me get this right..
Taking money away from one guy and giving it to feckless useless government morons somehow increases the wealth of another guy?
Enroll now in the frozenassets institute for the logic impaired.
Is it easier to change you sex or your race?
Typical liberal thought. Instead of trying to bring one group up, bring the successful group down to achieve “equality”.
Say "hello" to nearly all of the American education system.
Typical RAT policy. It really does nothing at all to help black people. All it does is light that racial class hatred fuse that the media will parrot to black people to make them believe Big Daddy Sugarbucks of the Dem party is doing something to help them and get back at whitey to make it all fair.
All the policy does is hurt everyone and the proceeds from screwing over whites will go to the Uniparty criminals in DC.
I wants mines!
How can any of this be Constitutional?
Laws that deliberately disproportionally negatively affect whites are not only constitutional but are required in the name of ‘equity’.
Excise tax on sunscreen: fine. Excise tax on hair-straightener: unconstitutional.
The Biden administration has just announced that black people are too stupid to make investments. It’s a gift that keeps on giving.
No, but it sure does get the votes of the feckless, useless government morons. And if you object, then some of them will even join a rent-a-mob in front of your house to correct your unapproved opinion.
All part of the "build back better" program.
How much of the capital “gains” are from the Treasury and Federal Reserve continually devaluing the currency?
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