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So what's the argument against Biden's proposed tax increase?
Poast new message in this thread
Date: October 28th, 2021 11:40 AM Author: Mauve curious gas station As a fiscal conservative, I wish they'd just tax the rich more and do no new spending. But it's hard to see any reasonable argument against these tax proposals, with the growing wealth gaps in past decades:
A 15% minimum tax on corporate profits for firms with earnings over $1 billion reported to shareholders, and a 1% surtax on stock buybacks
A 5% surtax on incomes above $10 million, as well as an additional 3% on incomes above $25 million |
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Date: October 28th, 2021 12:39 PM Author: maniacal black hell half-breed stfu you faggot (http://www.autoadmit.com/thread.php?thread_id=4951304&forum_id=2#43344119) |
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Date: October 28th, 2021 7:54 PM Author: Wonderful turdskin set Fiscal conservative here (http://www.autoadmit.com/thread.php?thread_id=4951304&forum_id=2#43346627) |
Date: October 28th, 2021 11:41 AM Author: Maroon Big Cumskin Tanning Salon It will be spent on dumb shit that harms society. (http://www.autoadmit.com/thread.php?thread_id=4951304&forum_id=2#43343787) |
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Date: October 28th, 2021 11:42 AM Author: Mauve curious gas station That's the spending aspect and I agree. But I'm just talking about the tax part.
The billionaire unrealized capital gains tax proposal was dumb because it would be a nightmare to administer and probably be declared unconstitutional. But I see no such arguments about this latest proposal. |
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Date: October 28th, 2021 11:44 AM Author: harsh soul-stirring base Do tell us what part of the constitution limits income taxes to realized gains. What counts as realized is debatable and part of current rules that change all the time anyway. (http://www.autoadmit.com/thread.php?thread_id=4951304&forum_id=2#43343807) |
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Date: October 28th, 2021 11:46 AM Author: Mauve curious gas station Will 6 Republican SCOTUS justices agree? Don't want to take the risk. (http://www.autoadmit.com/thread.php?thread_id=4951304&forum_id=2#43343821) |
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Date: October 28th, 2021 11:49 AM Author: harsh soul-stirring base Agree with what? Almost the whole country already taxes unrealized real estate gains. Imputed interest is taxed without realizing any gains. Phantom income on partnership profit is taxed without realizing any gains from a distribution. What is the issue? It's fine to tax every property owner on unrealized appreciation on their home but unconstitutional only for billionaires' assets? This BS is so phony coming from the supposed working class populist right. (http://www.autoadmit.com/thread.php?thread_id=4951304&forum_id=2#43343837) |
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Date: October 28th, 2021 12:54 PM Author: exhilarant cyan people who are hurt (guy who didn’t take tax in law school)
Property taxes administered by the states are not subject to the A1 prohibition on unapportioned direct taxes. Income taxes are excused due to 16th Am. |
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Date: October 28th, 2021 1:02 PM Author: harsh soul-stirring base I'm aware. Billionaires buying yachts by pledging stock have "income". The idea that Musk and Zuck have no income is laughable. (http://www.autoadmit.com/thread.php?thread_id=4951304&forum_id=2#43344232) |
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Date: October 28th, 2021 1:28 PM Author: Diverse red menage alpha Even if you are a lib this is sotomayer level reasoning. (http://www.autoadmit.com/thread.php?thread_id=4951304&forum_id=2#43344383) |
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Date: October 28th, 2021 11:42 AM Author: Chrome Indian Lodge such as? (http://www.autoadmit.com/thread.php?thread_id=4951304&forum_id=2#43343796) |
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Date: October 28th, 2021 11:44 AM Author: Maroon Big Cumskin Tanning Salon Billions of dollars to dem programs (http://www.autoadmit.com/thread.php?thread_id=4951304&forum_id=2#43343810) |
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Date: October 28th, 2021 11:46 AM Author: Chrome Indian Lodge What's a dem program? (http://www.autoadmit.com/thread.php?thread_id=4951304&forum_id=2#43343823) |
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Date: October 28th, 2021 11:48 AM Author: Maroon Big Cumskin Tanning Salon https://m.imgur.com/ba2Iyje (http://www.autoadmit.com/thread.php?thread_id=4951304&forum_id=2#43343833) |
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Date: October 28th, 2021 11:49 AM Author: Chrome Indian Lodge What are the programs though? (http://www.autoadmit.com/thread.php?thread_id=4951304&forum_id=2#43343840) |
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Date: October 28th, 2021 11:51 AM Author: Maroon Big Cumskin Tanning Salon https://ktla.com/news/local-news/trio-charged-with-grand-theft-embezzlement-after-stealing-public-funds-meant-to-help-homeless-in-l-a/ (http://www.autoadmit.com/thread.php?thread_id=4951304&forum_id=2#43343853) |
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Date: October 28th, 2021 11:42 AM Author: Self-absorbed friendly grandma Conservatives will fight to the death to protect GC's profit margins and billionaires wealth.
This is the only issue xo conservatives are truly passionate about. |
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Date: October 28th, 2021 11:49 AM Author: Aqua cocky heaven Are you autistic? (http://www.autoadmit.com/thread.php?thread_id=4951304&forum_id=2#43343839) |
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Date: October 28th, 2021 11:52 AM Author: naked ungodly mexican hospital I don’t think this is true. I’m a con and am fine with taxing the richest more and leaving wageslaves like myself alone. I don’t care for increasing the fed’s power so I’m not in favor of the taxes in the first place, but if they’re going to happen then I am fine with targeting the richest of the “rich” (http://www.autoadmit.com/thread.php?thread_id=4951304&forum_id=2#43343859) |
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Date: October 28th, 2021 12:37 PM Author: Self-absorbed friendly grandma What did you think of trumps tax cuts? (http://www.autoadmit.com/thread.php?thread_id=4951304&forum_id=2#43344097) |
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Date: October 28th, 2021 12:43 PM Author: naked ungodly mexican hospital Irrelevant, obeezy (http://www.autoadmit.com/thread.php?thread_id=4951304&forum_id=2#43344144) |
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Date: October 28th, 2021 12:44 PM Author: Self-absorbed friendly grandma 😂 You're fucking done here as always you absolute fucking retard. (http://www.autoadmit.com/thread.php?thread_id=4951304&forum_id=2#43344152) |
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Date: October 28th, 2021 12:51 PM Author: naked ungodly mexican hospital How am I done here? What do trump’s tax cuts have to do with anything I’ve said, especially considering that I have provided no indication regarding how I feel about trump’s tax cuts? (http://www.autoadmit.com/thread.php?thread_id=4951304&forum_id=2#43344187) |
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Date: October 28th, 2021 11:42 AM Author: histrionic church building It's a grift that will send that money to woke-protection rackets like "diversity" or programs for "immigrants." (http://www.autoadmit.com/thread.php?thread_id=4951304&forum_id=2#43343793) |
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Date: October 28th, 2021 11:43 AM Author: Chrome Indian Lodge Link? or is that just your "feels"? (http://www.autoadmit.com/thread.php?thread_id=4951304&forum_id=2#43343798) |
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Date: October 28th, 2021 11:43 AM Author: Self-absorbed friendly grandma It's what their puppet masters told them to think. (http://www.autoadmit.com/thread.php?thread_id=4951304&forum_id=2#43343804) |
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Date: October 28th, 2021 11:45 AM Author: learning disabled lavender hunting ground personal credit line https://en.wikipedia.org/wiki/The_Holocaust
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Date: October 28th, 2021 11:48 AM Author: Chrome Indian Lodge So no links then, got it. Just your feels. (http://www.autoadmit.com/thread.php?thread_id=4951304&forum_id=2#43343831) |
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Date: October 28th, 2021 11:54 AM Author: Maroon Big Cumskin Tanning Salon Burden is on them to prove they will spend it well, not on us to prove it will be spent poorly.
Even AOC is calling out their bullshit for not being clear how it will be spent. |
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Date: October 28th, 2021 12:10 PM Author: Amethyst community account Big chunk will go to “clean energy” which will have a ton of grift
“Free” pre-k will be conditioned on paying workers more (and presumptively make it easier for them to unionize). Over time federal block grants will not keep up with expanded payroll resulting in increased local taxes.
Child tax credit expanded to anchor babies, so even more of an incentive to have them (plus no work requirement). |
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Date: October 28th, 2021 12:03 PM Author: histrionic church building https://en.wikipedia.org/wiki/The_Sopranos
But instead of Jersey Italians, it's globohomo-woke-climatechange radicals gifting a percentage and demanding no-show jobs. |
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Date: October 28th, 2021 12:14 PM Author: Geriatric mentally impaired house genital piercing You can't be this naive. There are thousands of programs that waste billions of dollars of lib projects. Go pick any agency anywhere. Just look at the state department alone. They have hundreds of programs where they hire contractors to fund research and teach foreigners about useless lib projects with vague names - violence prevention, community outreach, gender equality - all this money goes to contractors who live in the beltway and are mostly libs. (http://www.autoadmit.com/thread.php?thread_id=4951304&forum_id=2#43343980) |
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Date: October 28th, 2021 12:23 PM Author: Chrome Indian Lodge I was asking about programs that would be funded by the new tax proposal though.
"It's a grift that will send that money to woke-protection rackets like "diversity" or programs for "immigrants.""
Link to same? or nah. |
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Date: October 28th, 2021 7:21 PM Author: Glittery stag film Since when is spending related to how much comes into the govt? You seen the govt debt lately (http://www.autoadmit.com/thread.php?thread_id=4951304&forum_id=2#43346402) |
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Date: October 28th, 2021 11:45 AM Author: rusted dilemma at the end of the day xo is really just a bunch of shit fat bald and old 36 year old middle upper class "men" who see themselves as temporarily distressed millionaires & believe they are the protagonist of a donald trump anime fighting lib GC. this illusion and grandiose internal narrative staves off suicide and the dull reality of existence as they trudge through relativity (http://www.autoadmit.com/thread.php?thread_id=4951304&forum_id=2#43343812) |
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Date: October 28th, 2021 11:46 AM Author: Self-absorbed friendly grandma Holy fucking shit.
Queenlabeefah absolutely done here. |
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Date: October 28th, 2021 12:06 PM Author: Concupiscible Unhinged Theatre Fortuitous Meteor Go away Obeezy (http://www.autoadmit.com/thread.php?thread_id=4951304&forum_id=2#43343924) |
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Date: October 28th, 2021 5:27 PM Author: ruddy azn jewess This is the same tripe npc libs say about 40k a year middle aged proles too. (http://www.autoadmit.com/thread.php?thread_id=4951304&forum_id=2#43345746) |
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Date: October 28th, 2021 11:45 AM Author: zippy stirring nowag If you are really a fiscal conservative, you should be hoping for vastly decreased spending AND vastly decreased taxes.
Also, if you don't think that $1 in new taxes will automatically result in $5 of new spending, you are naive. |
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Date: October 28th, 2021 11:55 AM Author: Mauve curious gas station That bullshit line that lowering taxes actually helps with the deficit has been disproven so many times it's ridiculous.
As a fiscal conservative I want to reduce deficits. |
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Date: October 28th, 2021 11:57 AM Author: zippy stirring nowag The point of lowering taxes is not the deficit. It's increased economic growth. (http://www.autoadmit.com/thread.php?thread_id=4951304&forum_id=2#43343883) |
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Date: October 28th, 2021 11:46 AM Author: Galvanic meetinghouse bbw it'll be blown on insane bs that won't benefit someone like in any way and is more likely to hurt me and my family if anything (http://www.autoadmit.com/thread.php?thread_id=4951304&forum_id=2#43343827) |
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Date: October 28th, 2021 11:48 AM Author: Chrome Indian Lodge link? (http://www.autoadmit.com/thread.php?thread_id=4951304&forum_id=2#43343834) |
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Date: October 28th, 2021 11:51 AM Author: Floppy state filthpig Fuck libs, never give them even one inch (http://www.autoadmit.com/thread.php?thread_id=4951304&forum_id=2#43343850) |
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Date: October 28th, 2021 12:41 PM Author: maniacal black hell half-breed (http://www.autoadmit.com/thread.php?thread_id=4951304&forum_id=2#43344130) |
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Date: October 28th, 2021 11:55 AM Author: tantric citrine shrine liquid oxygen conshits are perfectly fine wasting 8 trillion plus a decade on DOD/FBI/NSA/CIA bullshit, that isn't a "waste" (http://www.autoadmit.com/thread.php?thread_id=4951304&forum_id=2#43343875) |
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Date: October 28th, 2021 12:06 PM Author: Geriatric mentally impaired house genital piercing It's do not feed the beast. That's the argument. The government is a force for evil in the world. It takes away freedoms. It destroys. It kills people. Don't increase it's size. Stop funding it. Stop feeding it. This isn't rocket science. (http://www.autoadmit.com/thread.php?thread_id=4951304&forum_id=2#43343919) |
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Date: October 28th, 2021 12:14 PM Author: Floppy state filthpig (http://www.autoadmit.com/thread.php?thread_id=4951304&forum_id=2#43343984) |
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Date: October 28th, 2021 12:26 PM Author: Chrome Indian Lodge I dont mind schools, parks, libraries, transportation, infrastructure, regulations for food and medicine, crime-prevention, things like that. (http://www.autoadmit.com/thread.php?thread_id=4951304&forum_id=2#43344039) |
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Date: October 28th, 2021 12:37 PM Author: Self-absorbed friendly grandma Conservatives literally oppose all of these things. (http://www.autoadmit.com/thread.php?thread_id=4951304&forum_id=2#43344102) |
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Date: October 28th, 2021 12:39 PM Author: Floppy state filthpig schools are CRT indoctrination camps, parks and libraries are homeless cesspools, public transportation is a thunderdome, food and medicine regulations are bought by lobbyists, libs actively promote criminality as a mechanism to terrorize the citizenry etc
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Date: October 28th, 2021 12:44 PM Author: harsh soul-stirring base This is just lib hellhole cities though. Parks and libraries are lovely in working class family oriented republican strongholds. You know the places libs decry as unsophisticated and regressive.
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Date: October 28th, 2021 4:06 PM Author: charismatic national they're also not paid for with federal funds (http://www.autoadmit.com/thread.php?thread_id=4951304&forum_id=2#43345258) |
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Date: October 28th, 2021 4:22 PM Author: Floppy state filthpig teachers union coffers are absolutely subsidized with fed funds (http://www.autoadmit.com/thread.php?thread_id=4951304&forum_id=2#43345357) |
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Date: October 28th, 2021 12:42 PM Author: maniacal black hell half-breed most of that shit is provided by local government you dumb faggot (http://www.autoadmit.com/thread.php?thread_id=4951304&forum_id=2#43344137) |
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Date: October 28th, 2021 12:57 PM Author: deranged parlour (http://www.autoadmit.com/thread.php?thread_id=4951304&forum_id=2#43344214) |
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Date: October 28th, 2021 3:10 PM Author: alcoholic school telephone I don't want the government to have more money for lib bullshit. But on the other hand, most billionaires seem to be libs these days too. Can we just take the money and burn it? (http://www.autoadmit.com/thread.php?thread_id=4951304&forum_id=2#43344957) |
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Date: October 28th, 2021 3:54 PM Author: Trip Deer Antler there's no reason to and, as other's have pointed out, money will just go to explicitly anti-white programs. income inequality is a symptom of economic growth and you offer no evidence for why our current levels are inherently bad or unsustainable, or how taxing corporate profits would change this. in fact, there's a strong arguments that: - high consumer prices are what's holding back wealth creation amongst the middle class these days, and higher taxes would only exasperate this problem. does anyone think we should paying more at the gas pump right now? - many industries are in desperate need of anti-trust action. higher taxes will only decrease competition and allow the well-capitalized giants to dig their moat deep - the higher inflation is, the lower the present value of future tax deductions are. you are suggesting we raise taxes and, potentially, further increase inflation. if anything, we should be extending the 2017 tax cuts that allow corporations to fully deduct short-lived assets |
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Date: October 28th, 2021 4:12 PM Author: Beady-eyed chapel I refer you to the $450K per illegal thread (http://www.autoadmit.com/thread.php?thread_id=4951304&forum_id=2#43345291) |
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Date: October 28th, 2021 5:24 PM Author: Aqua cocky heaven (http://www.autoadmit.com/thread.php?thread_id=4951304&forum_id=2#43345731) |
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Date: October 28th, 2021 5:25 PM Author: Ruby theater stage cuck Op, you're response? (http://www.autoadmit.com/thread.php?thread_id=4951304&forum_id=2#43345736) |
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Date: October 28th, 2021 5:49 PM Author: Mauve curious gas station They would give the illegals that money whether they taxed rich people or not. You think not actually having the cash on hand in the form of tax revenues ever stopped libs from spending on stupid shit?
Besides, that money for illegals isn't part of the bill by my understanding, it's part of a proposed legal settlement. |
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Date: October 28th, 2021 5:55 PM Author: puce flirting university ape Execute all involved Take their money That is the tax increase money |
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Date: October 28th, 2021 9:05 PM Author: Beady-eyed chapel So then why bother with taxes if we will just print everything? (http://www.autoadmit.com/thread.php?thread_id=4951304&forum_id=2#43346990) |
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Date: October 28th, 2021 9:25 PM Author: adulterous quadroon (http://www.autoadmit.com/thread.php?thread_id=4951304&forum_id=2#43347081) |
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Date: October 28th, 2021 6:26 PM Author: hateful area All this will do is make it even harder for middle class wagecucks who rely on grinding out contributions of VTI to their Roth IRA and 401k for some semblance of retirement. (http://www.autoadmit.com/thread.php?thread_id=4951304&forum_id=2#43346075) |
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Date: October 28th, 2021 7:18 PM Author: Vigorous obsidian address mental disorder all the minimum tax will do is ensure that financial and tax accounting and income tax consultants remain employed forever. we're reading the legislative text on a call right now and it both doesn't work (cross references that don't go anywhere) and is rife for manipulation (http://www.autoadmit.com/thread.php?thread_id=4951304&forum_id=2#43346386) |
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Date: October 28th, 2021 7:47 PM Author: naked ungodly mexican hospital 1800000
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Date: October 28th, 2021 7:53 PM Author: Vigorous obsidian address mental disorder this thing is truly retarded. Pocahontas probably didn't consult a single deferred tax accounting specialist before shitting this thing out. i guarantee you every affected company will pay a 15% rate the year after this passes (http://www.autoadmit.com/thread.php?thread_id=4951304&forum_id=2#43346620) |
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Date: October 28th, 2021 9:24 PM Author: puce flirting university ape Jfc Libs are scum making bullshit fraud |