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Corporate Taxes-Biden would increase from 21% to 28%. The previous reduction was to be competitive with other countries. Our previous 35% was driving companies offshore.
Capital gains and dividends from 23.8% to 43.4%. They will pay higher taxes than earned income, discouraging investment. It removes the lower rate and keeps the 3.8% Obamacare tax.
Small business taxes-raise from 29.6 to 39.6%.
Income and payroll taxes-raise top rate from 37 to 39.6%. Add a 12.4% payroll tax on incomes over $400,000, so a top rate of 52%.
With open borders, the money to support all the economic immigrants will have to come from somewhere. Isn't this what one would expect under socialism? Break the economy, and the government takes over everything, and we become the slaves unless we can get out, which most of those businesses they are going to tax to death will be doing, getting out. Private business is a no-no, especially small business which I am watching being choked by the "COVID 19" response which allows big box open and everyone else going under. Those that work and earn will be sharing with those that sit in the basement and play video games 24/7.
Small businesses are currently under fire, some literally.
So, you are saying the Democratic Party is now the more fiscally responsible one. I agree. They actually want to try to pay for their spending.
Meanwhile Trump spends like a drunken sailor: borrows to give fake “tax cuts”, borrows to subsidize a “trade war”, and lets the “losers and suckers” who are around later pay the bill.
For the second stimulus package, the Democrats want to spend 3.4 trillion, the Republican package is 1 trillion. So whos spending like a drunken sailor here?
You have clearly displayed yet again that you have no idea what you're talking about and your intellectual level is on par with a 4th grader. Actually, a 4th grader would make sense than this gibberish.
Go and preach your nonsense to the Soy Boys. They are the only ones that might agree with you.
I wouldn't make fun of those Soy Boys because they may be rioting in your town soon.
For the second stimulus package, the Democrats want to spend 3.4 trillion, the Republican package is 1 trillion. So whos spending like a drunken sailor here?
LMAO
Republican "fiscal conservatism" logic at its finest.
Corporate Taxes-Biden would increase from 21% to 28%. The previous reduction was to be competitive with other countries. Our previous 35% was driving companies offshore.
Capital gains and dividends from 23.8% to 43.4%. They will pay higher taxes than earned income, discouraging investment. It removes the lower rate and keeps the 3.8% Obamacare tax.
Small business taxes-raise from 29.6 to 39.6%.
Income and payroll taxes-raise top rate from 37 to 39.6%. Add a 12.4% payroll tax on incomes over $400,000, so a top rate of 52%.
If you aren't making $400,000 a year, I wouldn't worry about it. If you are, you should be willing to help the country out that made your income possible.
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