If YOU make less than 400K your taxes aren't going up another LIE

[HJCane]

We heard this over and over again from Biden on campaign but now we learn the 400K is for MARRIED couples which means 200K. Yet another slick lie for the dumb people out there. So you know the figures; In 2019 tax returns around 715,000 married couples earned 400K and about 650-700,000 earned 600K or higher on their 2019 tax returns. That is around 1.4 million in a country of 330 MILLION people. Hardly going to make a DENT in our debt and spending. It's more liberal BS> As for raising the Corporate tax rates for "C" corporations you can expect layoffs, moving country of incorporation, and higher prices on goods and services produced.

Our new country is going to be great!!

 

[NO.SHORECANE]

Gas prices going up- flat tax for everybody.

 

[CashvilleCane1]

Gas prices going up- flat tax for everybody.

Gotta pay for all of these socialist type policies somehow. Lol

 

[ellu]

this is kind of embarrasing.

I'm single, no kids and my taxes will go up.

Its embarrassing to make the argument they are making here, that 21k post taxes and after 401k is too hard to live on. its a 1.6 million dollar home... 21k is how much someone who makes 10.25 an hour, working 40 hours and 52 weeks make in a year.

I can afford a few more taxes IF it isn't sucked up into waste or corporate welfare but goes towards keeping the debt down.

 

[HJCane]

this is kind of embarrasing.

I'm single, no kids and my taxes will go up.

Its embarrassing to make the argument they are making here, that 21k post taxes and after 401k is too hard to live on. its a 1.6 million dollar home... 21k is how much someone who makes 10.25 an hour, working 40 hours and 52 weeks make in a year.

I can afford a few more taxes IF it isn't sucked up into waste or corporate welfare but goes towards keeping the debt down.

It won't. In order for debt to go down SPENDING in Washington needs to go down. Even 1-2% per year for 3-5 years would wipe out a ton of debt.

 

[NC2022]

this is kind of embarrasing.

I'm single, no kids and my taxes will go up.

Its embarrassing to make the argument they are making here, that 21k post taxes and after 401k is too hard to live on. its a 1.6 million dollar home... 21k is how much someone who makes 10.25 an hour, working 40 hours and 52 weeks make in a year.

I can afford a few more taxes IF it isn't sucked up into waste or corporate welfare but goes towards keeping the debt down.

It is silly to make this chart.

 

[NC2022]

It won't. In order for debt to go down SPENDING in Washington needs to go down. Even 1-2% per year for 3-5 years would wipe out a ton of debt.

Actually folks. Debt doesnt matter and spending doesnt matter.

ITs better to have debt and spend a lot! If there was no debt and everyone saved at high rates we would collapse

 

[HJCane]

Actually folks. Debt doesnt matter and spending doesnt matter.

ITs better to have debt and spend a lot! If there was no debt and everyone saved at high rates we would collapse

Actually reasonable debt is ok but excessive debt is bad. We are entering the latter.

 

[grbcane]

Our debt is a result of out of control wasteful spending, not lack of revenue.

 

[NC2022]

Our debt is a result of out of control wasteful spending, not lack of revenue.

True but it doesnt matter. the govt will always out spend the revenue. debt is not bad.

 

[kevinf57]

True but it doesnt matter. the govt will always out spend the revenue. debt is not bad.

Debt is not bad, it’s the level of debt. It does matter, and the govt can’t continue indefinitely to out spend the debt it creates, without destroying its currency. Weimer republic!