permafrost Loc: Minnesota

Your own income tax, unless you are filthy rich, will rise every year now for the next four years. That was Donald Trump‘s income tax bill.

Joseph Biden has not been able to pass any income tax bill at all — because he does not have enough v**es in the House of Representatives. He tried. Twice. He failed, both times.

So — in the near future — each year, when your income taxes, go up, which they will, you can thank Donald Trump. He is responsible.

Those who make more than $600,000 a year are seeing reductions in their own income taxes. Each year. The rest of us will see increases — for the next four years.

Major companies and major corporations are ALSO getting a lower rate each year, for the next four years, by the way.

The rich are getting reductions for four straight years. You and I, are paying more each year, for the next four years.

Then, after that the rate will remain the same. For everybody.

(Unless we get a better Congress, and a new bill.)

And that is all due to Donald Trump. That was the bill TRUMP sent over and got 13 members of the house to co-sponsor. It passed. And, if you recall, at the time the Senate was also controlled by the Republican Party. So they passed it as well. And then Trump signed it.

That is current law.

The income tax law that we are all living under right now was Donald Trump‘s income tax bill. From way back in 2017.

So, suck it up, buttercup…

Liberty Tree

If Democrats quit trying to attach more funding for all their l*****t projects to every bill they might get somewhere.

BIRDMAN

I don’t think Trump is president

Parky60 Loc: People's Republic of Illinois

Trump tried to make the law permanent but the democrats wouldn't allow it. So prove to me with the math how taxes are going to go up. Besides, you being a democrat, don't you always want increased taxes?

Liberty Tree

Democrats never saw a tax they did not love.

Wolf counselor Loc: Heart of Texas

JFlorio Loc: Seminole Florida

This is meant for permafruit. The Trump tax cuts could be extended if democrats wanted to. There were procedural reasons that stopped the cuts from being permanent. As usual, you have no clue.

Kevyn

Trump bent you over and you are not bright enough to realize you are violated.

liberalhunter Loc: Your mom's house

Liar.... all you do, and you still suck at it.

Coos Bay Tom Loc: coos bay oregon

I recall all of that coming to pass. It all fits with trickle down economics which have not done anything to improve the life of the worker .

Radiance3

=================
Perma, here are the current conditions how income taxes work.

The top 1% earns 21% of the total taxable income but pay 40% of the total tax collected by the IRS. Check this graph coming from the IRS.

Notice that the bottom 50% pay only 3% of the total tax collected. Please refer to the graph. This is a report prepared by the IRS.

There are seven federal income tax rates in 2023: 10 percent, 12 percent, 22 percent, 24 percent, 32 percent, 35 percent, and 37 percent. The top marginal income tax rate of 37 percent will hit taxpayers with taxable income.

The tax rate of the corporation at present is 21%. Advantages of lowering taxes for the corporations. Their year-end overhead costs are also lower, and therefore taxable income gets higher.

In addition, corporations expand operations with more capital. Expansion of business means more income earned, therefor more taxes are paid. At the same time, it hires more employees. Working employees pay taxes instead of being unemployed who collect welfare. That expansion is positive to the economy, and for everybody.

Other advantages of 21% tax rate for corporation. When the profit earnings are high, the Stock market goes up. More investors buy stocks. Economy expands.

That's how capitalism works. Make the best use of the capital to make the people more productive. And everybody expands.

However, I think the biggest tax evader is Joe Biden, and son H****r. Biden and son H****r earns about $30 million plus annually for influence peddling. But since they are hidden offshore, they don't pay taxes to it.

The whole family members also share the l**t but none of them paid any share of income tax. These are all money collected via corruptions worldwide. Congress and the IRS Whistle blowers have gathered most of the documents about this case against Joe Biden and H****r.

Biden wants to redistribute the taxes of people to buy v**es. E.G. paying student loans. It is not his money, but the peoples'.

The DOJ is trying his best to protect the Bidens and cover up their crimes. The DOJ acts like the Defense lawyer of Biden and family while we taxpayers pay his salaries and benefits.

American Vet

LOL

Typical weak-minded l*****t: When confronted with facts resorts to junior high insults.

JFlorio Loc: Seminole Florida

Says the fool with his head up his a**. Hell with Trump. He spent way too much and I did better as the majority of Americans did under Trump than we are under this current c*******t regime. You’re to dumb to know when you had it good.

JFlorio Loc: Seminole Florida

You’re wrong Tom. Trickle down is no more than a buzz term. The real name is supply side economics. The worker k**led it under Reagan. Was doing better under Trump. Crony capitalism is what hurt the workers. Giving favors and breaks to the corporations that support the politicians needs to be made illegal. Are you o.k. with 86 billion in the C***d relief bill going to unions? It’s not only the corporations that practice cronyism. You might want to look at the top tier of these unions and see how they’re doing.

Number One

It’s democrats who prevented the income tax cuts from being permanent. Democrats are for higher taxes because they think they are better at spending your money than you are.