This is such a load of crap. Even without the error. The wealthy are not going to pay more then they do. All those Hollywood elites and Google managers are all about virtue signaling while calling their accountants about how not to pay taxes.
If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand. - Milton Friedman
You would have to be an utterly ignorant brainlet retard fuckwit (read: a Biden voter) to believe otherwise.
That's NEVER how it works. There's not enough money to be made by taxing a few rich people, especially if you want to socialize the most expensive fields out there.
They can't make it work in Europe where they take over half of EVERYONE's money and you think a couple of rich people are going to pay for it all? Dumb ass NPCs.
Being that they updated it, I'd go with typo. Haven't they published this bill already? I know it's like an encyclopedia in length but if it was direct tax hikes to under $400k someone would have found that.
I wonder how many of their hated rich people report over $400k in personal income anyway. It's not like the billionaires swim around in a sea of money, it's all net worth and unrealized capital gains. These things are sold in the perspective of lower-to-middle class personal finance which the plebs relate to, but as net worth grows all that stuff goes out the window more and more.
Did you read it? I didn't read it. Do you think the politicians trying to raise campaign funds and fight twitter wars actually sit down and read any of these encyclopedia bills?
Who the fuck even knows what's in it. Governments love hiding shit in bills like this. Probably a couple trillion to China and giving Facebook the right to prosecute hate speech at will.
I've had a chance to skim through bits and pieces and read some articles about it. At 2700 pages and a LOT of it is repetitive it's nearly impossible to read through word for word, but not all that hard to skim or search for relevant thing. They use the phrase "any taxpayer the annual household income of whom is less than $400,000 per year" in quite a few places. I haven't found the exact tax rate changes yet. As with most of these bills it's a lot of grants and pet projects. A huge bit of it is screwing with highway codes and such, I have a feeling there's some truth to their whole concept of taxing the shit out of driving in some way at least.
If any of the articles I read are accurate, they are increasing the corporate tax rate, the top IRS tax bracket, and the top capital gains tax rate. Hence using the word "direct" regarding tax hikes. These all trickle down but aren't going to directly impact how much an average sub-400k person pays in federal taxes. You know, the number they see on their 1040. It's just trickery on their part really because it's not like their evil rich people are going to pay the brunt of any tax increases.
It won't RAISE taxes, but it will make them easier to collect. Fuckers are trying to stop any underground economy that might spring up to get around vax mandates.
They expect this will raise 7 trillion over 10 years, 1.6 trillion from "the rich". Where do they think the other 5.4 trillion will come from? On the other hand, it will crack down on illegals, but fuck these elite fucks.
The "working class" needs to be millionaires to have a chance to actually retire, boomer pensions are worth millions. They need to crush the working class any way they can.
Nah it's another anarcho tyranny play. But they COULD raise 7 trillion if they applied evenly, that's how they can sell the whole thing as budget neutral.
This is such a load of crap. Even without the error. The wealthy are not going to pay more then they do. All those Hollywood elites and Google managers are all about virtue signaling while calling their accountants about how not to pay taxes.
They can pay less tax by diverting their money into "donations" to politicians.
Yes, but are you paying your fair share in taxes on that income? I bet not.
They're just honest for once.
You would have to be an utterly ignorant brainlet retard fuckwit (read: a Biden voter) to believe otherwise.
That's NEVER how it works. There's not enough money to be made by taxing a few rich people, especially if you want to socialize the most expensive fields out there.
They can't make it work in Europe where they take over half of EVERYONE's money and you think a couple of rich people are going to pay for it all? Dumb ass NPCs.
Printing money is just taxation with extra steps.
Being that they updated it, I'd go with typo. Haven't they published this bill already? I know it's like an encyclopedia in length but if it was direct tax hikes to under $400k someone would have found that.
I wonder how many of their hated rich people report over $400k in personal income anyway. It's not like the billionaires swim around in a sea of money, it's all net worth and unrealized capital gains. These things are sold in the perspective of lower-to-middle class personal finance which the plebs relate to, but as net worth grows all that stuff goes out the window more and more.
Did you read it? I didn't read it. Do you think the politicians trying to raise campaign funds and fight twitter wars actually sit down and read any of these encyclopedia bills?
Who the fuck even knows what's in it. Governments love hiding shit in bills like this. Probably a couple trillion to China and giving Facebook the right to prosecute hate speech at will.
I have not read it. Are they saying 400k per person or family income?
I've had a chance to skim through bits and pieces and read some articles about it. At 2700 pages and a LOT of it is repetitive it's nearly impossible to read through word for word, but not all that hard to skim or search for relevant thing. They use the phrase "any taxpayer the annual household income of whom is less than $400,000 per year" in quite a few places. I haven't found the exact tax rate changes yet. As with most of these bills it's a lot of grants and pet projects. A huge bit of it is screwing with highway codes and such, I have a feeling there's some truth to their whole concept of taxing the shit out of driving in some way at least.
I'm referencing H.R. 3684 by the way https://www.congress.gov/bill/117th-congress/house-bill/3684/text
If any of the articles I read are accurate, they are increasing the corporate tax rate, the top IRS tax bracket, and the top capital gains tax rate. Hence using the word "direct" regarding tax hikes. These all trickle down but aren't going to directly impact how much an average sub-400k person pays in federal taxes. You know, the number they see on their 1040. It's just trickery on their part really because it's not like their evil rich people are going to pay the brunt of any tax increases.
It won't RAISE taxes, but it will make them easier to collect. Fuckers are trying to stop any underground economy that might spring up to get around vax mandates.
They expect this will raise 7 trillion over 10 years, 1.6 trillion from "the rich". Where do they think the other 5.4 trillion will come from? On the other hand, it will crack down on illegals, but fuck these elite fucks.
The "working class" needs to be millionaires to have a chance to actually retire, boomer pensions are worth millions. They need to crush the working class any way they can.
I'd be impressed if it actually cracked down on illegal aliens and parallel societies sprouting up in ethnic enclaves like in Minnesota.
Nah it's another anarcho tyranny play. But they COULD raise 7 trillion if they applied evenly, that's how they can sell the whole thing as budget neutral.
BIGGEST VOTER FRAUD OPERATION IN HISTORY