What Happens If We Have An Income Tax Shortfall?
Jan 29, 2021 07:19:45 #
crazylibertarian
Loc: Florida by way of New York & Rhode Island
What Happens If We Have An Income Tax Shortfall?
Due to this p******c lockdowns, there had to have been a decrease in work an-hours, likely in the millions, maybe billions. That would have to result in a marked decrease in wages to tax and in many cases throw workers into lower income brackets. The federal and state governments that rely on income taxes for finances could wind up with huge shortfalls.
Look for some big trouble!
Due to this p******c lockdowns, there had to have been a decrease in work an-hours, likely in the millions, maybe billions. That would have to result in a marked decrease in wages to tax and in many cases throw workers into lower income brackets. The federal and state governments that rely on income taxes for finances could wind up with huge shortfalls.
Look for some big trouble!
Jan 29, 2021 07:29:39 #
crazylibertarian wrote:
What Happens If We Have An Income Tax Shortfall?
Due to this p******c lockdowns, there had to have been a decrease in work an-hours, likely in the millions, maybe billions. That would have to result in a marked decrease in wages to tax and in many cases throw workers into lower income brackets. The federal and state governments that rely on income taxes for finances could wind up with huge shortfalls.
Look for some big trouble!
Due to this p******c lockdowns, there had to have been a decrease in work an-hours, likely in the millions, maybe billions. That would have to result in a marked decrease in wages to tax and in many cases throw workers into lower income brackets. The federal and state governments that rely on income taxes for finances could wind up with huge shortfalls.
Look for some big trouble!
Those at the top have made fortunes during the p******c, just make sure they are taxed on that and all is fine.
Jan 29, 2021 08:04:24 #
crazylibertarian wrote:
What Happens If We Have An Income Tax Shortfall?
Due to this p******c lockdowns, there had to have been a decrease in work an-hours, likely in the millions, maybe billions. That would have to result in a marked decrease in wages to tax and in many cases throw workers into lower income brackets. The federal and state governments that rely on income taxes for finances could wind up with huge shortfalls.
Look for some big trouble!
Due to this p******c lockdowns, there had to have been a decrease in work an-hours, likely in the millions, maybe billions. That would have to result in a marked decrease in wages to tax and in many cases throw workers into lower income brackets. The federal and state governments that rely on income taxes for finances could wind up with huge shortfalls.
Look for some big trouble!
Federally they maneuver the numbers based on need and follow trend setting of the stock market, which, has had a pretty steady curve, uncommonly..
For states its a different matter.. states still face large budget shortfalls and uncertainty as C****-** cases continue to climb and much federal assistance to workers and businesses has ended and may or may not be extended... Look at the bickering on criminal hill with neither party concerned with the citizen or work.
States will continue to worsen the recession laying off employees, scaling back government contracts, and cutting public services along with other forms of spending.... In some ways catastrophic but in my opinion getting rid of excess in government a good thing...
If government wants to stave off another major recession they will need to provide more help to states and families affected by the crisis, they created!!
They can hand our millions/billions in BS funding for foreign nations etc they can protect this country first!!! Something they simply do not seem to want to do!!
Jan 29, 2021 08:14:09 #
crazylibertarian wrote:
What Happens If We Have An Income Tax Shortfall?
Due to this p******c lockdowns, there had to have been a decrease in work an-hours, likely in the millions, maybe billions. That would have to result in a marked decrease in wages to tax and in many cases throw workers into lower income brackets. The federal and state governments that rely on income taxes for finances could wind up with huge shortfalls.
Look for some big trouble!
Due to this p******c lockdowns, there had to have been a decrease in work an-hours, likely in the millions, maybe billions. That would have to result in a marked decrease in wages to tax and in many cases throw workers into lower income brackets. The federal and state governments that rely on income taxes for finances could wind up with huge shortfalls.
Look for some big trouble!
Middle income tax hike soon coming in one form or another.
Jan 29, 2021 08:46:42 #
crazylibertarian wrote:
What Happens If We Have An Income Tax Shortfall?
Due to this p******c lockdowns, there had to have been a decrease in work an-hours, likely in the millions, maybe billions. That would have to result in a marked decrease in wages to tax and in many cases throw workers into lower income brackets. The federal and state governments that rely on income taxes for finances could wind up with huge shortfalls.
Look for some big trouble!
Due to this p******c lockdowns, there had to have been a decrease in work an-hours, likely in the millions, maybe billions. That would have to result in a marked decrease in wages to tax and in many cases throw workers into lower income brackets. The federal and state governments that rely on income taxes for finances could wind up with huge shortfalls.
Look for some big trouble!
Three ways to offset loss of revenues due to decrease in Income Tax:
1) Levy a Wall Street tax on financial t***sactions.
2) Reverse Trump's Tax Cut for the Wealthy.
3) Calculate the tax on Capital Gains and Dividends as ordinary income.
Low and middle income Americans will benefit. Wealthy people will get to pay their fair share.
Jan 29, 2021 08:58:44 #
crazylibertarian wrote:
What Happens If We Have An Income Tax Shortfall?
Due to this p******c lockdowns, there had to have been a decrease in work an-hours, likely in the millions, maybe billions. That would have to result in a marked decrease in wages to tax and in many cases throw workers into lower income brackets. The federal and state governments that rely on income taxes for finances could wind up with huge shortfalls.
Look for some big trouble!
Due to this p******c lockdowns, there had to have been a decrease in work an-hours, likely in the millions, maybe billions. That would have to result in a marked decrease in wages to tax and in many cases throw workers into lower income brackets. The federal and state governments that rely on income taxes for finances could wind up with huge shortfalls.
Look for some big trouble!
Bummer for the thieves that s***e the e******n! I read mr potato head lied about the people that make over 400 thousand will pay! Guess what f**e c*****e c****e is going to cost 2 trillion so the middle class, as we all knew would be picking up the bill!!!!! Ovomit care, a******n and all the other bulls**t programs will drown ur measles 600 stipend! All u Biden supporters were duped, again!!!!
Jan 29, 2021 08:59:24 #
Kevyn wrote:
Those at the top have made fortunes during the p******c, just make sure they are taxed on that and all is fine.
Yea like bezos, doesn’t pay like others!!
Jan 29, 2021 09:07:08 #
lindajoy wrote:
Federally they maneuver the numbers based on need ... (show quote)
No help for states that that refuse to collect taxes from their corporations.
A bunch of screaming socialists wanting more government money is ridiculous.
So , you want me as a taxpayer to subsidize the profit of private corporations
So the shareholders can keep their bottom line up?
States already don’t collect payroll taxes paid from employee payroll checks.
Wh**ever is collected over the year is not sent in to the state. It’s kept by the corporations. IRS Taxes same, on a different level.
So, shortfall is a misnomer.
Every year is a shortfall. Keeping the
too big to fail corps from failing.
The IRS let’s them keep your IRS taxes paid. Here you thought they take it out of your check and rush over to send it in to the IRS.
Jan 29, 2021 09:15:46 #
Wonttakeitanymore wrote:
Bummer for the thieves that s***e the e******n! I read mr potato head lied about the people that make over 400 thousand will pay! Guess what f**e c*****e c****e is going to cost 2 trillion so the middle class, as we all knew would be picking up the bill!!!!! Ovomit care, a******n and all the other bulls**t programs will drown ur measles 600 stipend! All u Biden supporters were duped, again!!!!
The government is obligated to spend money. It’s what they do. In case you haven’t noticed they have been spending loads of money but up until now they haven’t been spending it on you or your republic.
Supply side trickle up economics
Did you complain about the $9Trillion tax cut fir the wealthy?
Did you complain about the $7Trillion in taxpayer money trump used to purchase stocks from private corporations?
Did you complain about the Missing $27Trillion the Pentagon said in an audit they had no idea where it went ?
Why do you only concern yourself with how much things cost when it’s time to spend it on you?
Are your shoes on the right feet ?
Jan 29, 2021 09:18:28 #
DASHY wrote:
Three ways to offset loss of revenues due to decrease in Income Tax:
1) Levy a Wall Street tax on financial t***sactions.
2) Reverse Trump's Tax Cut for the Wealthy.
3) Calculate the tax on Capital Gains and Dividends as ordinary income.
Low and middle income Americans will benefit. Wealthy people will get to pay their fair share.
1) Levy a Wall Street tax on financial t***sactions.
2) Reverse Trump's Tax Cut for the Wealthy.
3) Calculate the tax on Capital Gains and Dividends as ordinary income.
Low and middle income Americans will benefit. Wealthy people will get to pay their fair share.
Raise taxes on wealth !
I like Ike. 90% taxes on profit over
$2 million.
Create more jobs that will in turn create more revenue. Create higher paying jobs to create even higher revenues.
Stop giving wealthy people free money.
Wall Street t***saction tax.
Traders have analytics that auto trade 70,000 t***sactions per second.
A very small tax would create billions in revenue.
Jan 29, 2021 09:24:39 #
crazylibertarian
Loc: Florida by way of New York & Rhode Island
One thing they might do is suspend refunds, among other things.
Jan 29, 2021 09:30:54 #
crazylibertarian wrote:
One thing they might do is suspend refunds, among other things.
Who will suspend refunds of what?
Jan 29, 2021 09:31:37 #
crazylibertarian
Loc: Florida by way of New York & Rhode Island
Kevyn wrote:
Those at the top have made fortunes during the p******c, just make sure they are taxed on that and all is fine.
That is at not unexpected miscalculation.
Jan 29, 2021 09:34:23 #
lpnmajor
Loc: Arkansas
crazylibertarian wrote:
What Happens If We Have An Income Tax Shortfall?
Due to this p******c lockdowns, there had to have been a decrease in work an-hours, likely in the millions, maybe billions. That would have to result in a marked decrease in wages to tax and in many cases throw workers into lower income brackets. The federal and state governments that rely on income taxes for finances could wind up with huge shortfalls.
Look for some big trouble!
Due to this p******c lockdowns, there had to have been a decrease in work an-hours, likely in the millions, maybe billions. That would have to result in a marked decrease in wages to tax and in many cases throw workers into lower income brackets. The federal and state governments that rely on income taxes for finances could wind up with huge shortfalls.
Look for some big trouble!
Are you kidding? The federal government hasn't relied on income and excise taxes for funding since bill clinton left office, that's the definition of "deficit" spending.
Jan 29, 2021 09:36:38 #
crazylibertarian
Loc: Florida by way of New York & Rhode Island
DASHY wrote:
Three ways to offset loss of revenues due to decrease in Income Tax:
1) Levy a Wall Street tax on financial t***sactions.
2) Reverse Trump's Tax Cut for the Wealthy.
3) Calculate the tax on Capital Gains and Dividends as ordinary income.
Low and middle income Americans will benefit. Wealthy people will get to pay their fair share.
1) Levy a Wall Street tax on financial t***sactions.
2) Reverse Trump's Tax Cut for the Wealthy.
3) Calculate the tax on Capital Gains and Dividends as ordinary income.
Low and middle income Americans will benefit. Wealthy people will get to pay their fair share.
There has never been a tax on wealth in this country and Trump never imposed one. There have been taxes on income, which are bars to becoming wealthy. It's a way to keep the poor poor. So, you favor keeping the poor, poor? Not very liberal of you.
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