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.
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.