Biden wants to raise taxes on large corporations to lower the deficit
Mar 12, 2024 10:08:24 #
Coos Bay Tom wrote:
https://thehill.com/homenews/administration/4522786-biden-budget-proposal-would-raise-taxes-on-large-corporations-lower-deficit-over-10-years/
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There you go Joe Biden! I think you are so dumb and corrupt, to understand the cycle of economic activities that create production.
Your actions will further hurt our economy where we the people suffering right now, will suffer further.
Here are the effects of raising corporate taxes by Joe Biden:
Inflation will rise further. I assure you that.
Why Joe?
When corporate taxes go up, it drives away companies out of the USA.
Corporate tax raises overhead cost, lowers corporate profit or may just even break even.
Effects: The stock market goes down. People pull out of the companies that are losing.
Here are the recourses of the companies when taxes go up.
They reduce employment, as a result reduces productions. Production affects supply. Less supplies versus more demand raises inflation.
Other ways the corporations do is raising the price of the products and services they sell. Effect, higher inflation.
Rise in unemployed people. These people used to be taxpayers, and now unemployed. They collect unemployment taxes. Or Joe hands out our money to people to eat and live.
All products that the corporations sell to the public go up in prices. The ultimate people who suffer are not the corporation. We the people, that Joe Biden has made us suffer further.
This a a Socialist system approach of Joe Biden. Socialism ends up to
Totalitarianism. We are partially on that condition. And Joe Biden is finalizing it.
Joe Biden, in order to prevent our country's insolvency must pay his and families' own taxes, reduce social spending, make people productive. You or your son, had evaded for so many years of taxes. Resources of this. Plese read the book of Peter Schweizer, "Red Handed". You will know how Biden and his kind, hoard and make money using America as their merchandise. Please also refer to Congress how Biden and Hunter make money, all tax free.
One of Biden's purposes of opening the border: To invite tens of millions of illegal invaders or aliens into this country. These people will increase their population. More of them means more power for Joe Biden and his team.
In fact, Biden's team have now included in counting illegals to include in the population of each state in order to increase their representatives to Congress. Result, they control Congress forever.
This will also increase their Electoral College votes. Total control of the WH. The whole country after this is finally converted to Totalitarian control.
SC Justices will be revised to finalize their power to Totalitarian, or Communism.
Fact is Canada is already there. And Joe Biden and his team, follow making this historic move taking away from the Founding Principles of our nation. US is partially there now. We are on the way to Totalitarian control or Communist country for life. A godless nation!
Right now, the handouts like this system of control. All countries in the world having this system have failed. The leaders got so rich. Check Putin and Xi of China. This is what Biden, and his team wants under Barack Obama, and the Clintons!
Mar 12, 2024 10:45:17 #
Mar 12, 2024 11:27:29 #
pegw wrote:
This graph dosen't explain why Tesla's tax rate is 1.5%.
I don't know what Tesla's tax rate is but I do know that the push for electric vehicles has caused lots of changes, one of which is to subsidize the manufacture of them. Remember what I said about subsidies tend to produce more of whatever is being subsidized. Lower taxes is a form of subsidizing, as is increasing the cost of gasoline by stopping drilling and halting the construction of pipelines. I'm sure you remember that.
Mar 12, 2024 11:59:14 #
pegw wrote:
This graph dosen't explain why Tesla's tax rate is 1.5%.
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pegw, you are the most stupid one that occupies this OPP space!
Here are the facts about Tesla.
Tesla annual income taxes for 2023 were $-5.001B, a 541.78% decline from 2022.
Tesla annual income taxes for 2022 were $1.132B, a 61.95% increase from 2021.
Tesla annual income taxes for 2021 were $0.699B, a 139.38% increase from 2020.
For Elon Muck alone, he paid $11 billion for tax year 2021.
https://americansfortaxfairness.org/musks-11-billion-tax-bill-big-news-just-10-wealth-increase-far-year/
Your Bidens, the Barack, and the Clintons pay zero. At the same time, they steal. As they corrupt the government system. They don't produce. They take money away from the people, the taxpayers. Are you so STUPID to earn where money comes from?
Find that out from Congress and read the book of Peter Schweizer "Red Handed", "The Clinton Cash", "Profiles of Corruption", "Secret Empires". These people I mentioned are all the powers that run behind that corrupt the system. [/i]
Mar 12, 2024 12:56:19 #
F.D.R. wrote:
BS !! The way to reduce the deficit is to reduce spending. There's a video on YouTube by Rand Paul citing 6,000 pork projects in the latest budget. Did you know that we spent more than a billion dollars to see if mice get drunk? In every budget there are hundreds if not similar items, it's no wonder we're going broke.
Too bad there aren't more congressmen like Rand Paul. He's a hero for the little guy.
Mar 12, 2024 14:18:06 #
Airforceone wrote:
That’s because Reagan/Bush/Trump all cut taxes for the wealthy which caused this massive deficit. (TRICKLE DOWN NEVER TRICKLED DOWN) then add in Bush two phony wars and that makes up almost 80% of our national debt. So they should pay it back.
You are full of schiff
Mar 12, 2024 16:32:38 #
Airforceone wrote:
That’s because Reagan/Bush/Trump all cut taxes for the wealthy which caused this massive deficit. (TRICKLE DOWN NEVER TRICKLED DOWN) then add in Bush two phony wars and that makes up almost 80% of our national debt. So they should pay it back.
You forgot to blast Christian conservative gun owning southerners.
Mar 12, 2024 16:34:37 #
pegw wrote:
Check out these facts:
Tesla's tax rate is 1.5%, GM is 4%, Tmobile is 0.94%, and GE is -6%. So I am all for a flat rate for all these companies who don't pay their fair share.
Tesla's tax rate is 1.5%, GM is 4%, Tmobile is 0.94%, and GE is -6%. So I am all for a flat rate for all these companies who don't pay their fair share.
Raise corporate taxes and they will simply go offshore AGAIN. It's a proven fact, Ethel.
Mar 12, 2024 16:35:05 #
Liberty Tree wrote:
Revenue is not the problem, spending is. He and Democrats believe by raising taxes they will get more for their pet projects.
Mar 12, 2024 17:02:56 #
AuntiE posted on the previous page (page 2), a graph by the Heritage Foundation's IRS statistics: "Do the Rich Pay their Fair Share?" The top 1% pay 40% of all income taxes. ($540,000+)
A picture is worth a thousand words.
The difference between Rich and Poor is Knowing the difference between what we can do for ourselves and what we can't.
"Welfare for the masses is the alibi of tyrants." Albert Camus
The easiest way to cure the world of disease and poverty is to wipe out every communist from the face of the earth.
Communism (and socialism is its stepping stone) has never worked in the past, it does not work now, and it will never work in the future. Marx never never intended it to work. It is a bait and switch game to kill humanity.
A picture is worth a thousand words.
The difference between Rich and Poor is Knowing the difference between what we can do for ourselves and what we can't.
"Welfare for the masses is the alibi of tyrants." Albert Camus
The easiest way to cure the world of disease and poverty is to wipe out every communist from the face of the earth.
Communism (and socialism is its stepping stone) has never worked in the past, it does not work now, and it will never work in the future. Marx never never intended it to work. It is a bait and switch game to kill humanity.
Mar 12, 2024 17:33:27 #
This Laffer Curve demonstrates when personal income Taxes reach 33% or more, the entire economy collapses.
https://upload.wikimedia.org/wikipedia/commons/thumb/e/e8/Laffer_curve.svg/1280px-Laffer_curve.svg.png
We have to have some taxes to support good government, law and order and national defense and funding our infrastructure, of course, but there is a limit before we destroy the country with a top-heavy bureaucracy. We need to privatize most of our 600 unconstitutional bureaucracies and consult them on an as-needed-basis.
Centralized planning (socialism/communism - despotism) does not work.
Let us all humble ourselves with our different gifts to contribute to society. Which would you prefer, 8 billion of us morons making our own decisions, or one moron making all the decisions?
Mar 12, 2024 19:39:45 #
Justice101 wrote:
If you itemize your taxes, there's a $10,000 cap on SALT deduction.
Is that what hurt you?
Is that what hurt you?
No, the 2017 Trump “tax cuts “ hurt my wife and I.
Mar 12, 2024 19:44:35 #
Jim0001 wrote:
Raise corporate taxes and they will simply go offshore AGAIN. It's a proven fact, Ethel.
They already are offshore. How do you think they are getting away with paying less taxes? My cousin is doing it and she isn’t even a millionaire.
Mar 12, 2024 19:50:43 #
proud republican
Loc: RED CALIFORNIA
tomhoff24 wrote:
No, the 2017 Trump “tax cuts “ hurt my wife and I.
Well his tax cuts helped my family, my friend and me..
Mar 12, 2024 20:14:49 #
Coos Bay Tom wrote:
https://thehill.com/homenews/administration/4522786-biden-budget-proposal-would-raise-taxes-on-large-corporations-lower-deficit-over-10-years/
More inflation via higher taxes.
Remember higher the past when taxes were increased, manufacturing left and prices increased
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