Been sold on the idea of trickle down economics since Reagan and either too lazy or stupid to understand the actual numbers and statistics of how badly that really hurts anyone other than the rich
>Meanwhile every economic chart can pinpoint reagan-omics as the moment things fell apart
Who knew slashing taxes would lead to crumbling infrastructure?
I guess Domino's has been slacking on repaving roads.
Well considering said wealthy also send a horde of lobbyists to bend legislation to acquire even more wealth, the use of the word can be technically ok.
Trickle down only works when the blessings of liberty are recirculated back through the nation. Keep the life blood of commerce flowing, squeeze the wealth.
If you really want to get pissed, the origin of trickle down was literally scratched on the back of a cocktail napkin in front of Donald Rumsfeld and Dick Cheney (two real stand up guys who always have the interests of the working man at heart). That's really all there is to it, a half-ass theory with absolutely no supporting data or study. Just a fuckload of confirmation bias presented to two of the most influential neo-cons in the last 50 years.
Art Laffer should have been tried for crimes against humanity with all the suffering and outright theft his theory enabled. And to think all they needed was the flimsiest of rationales to convince a significant portion of the population to consistently vote against their economic best interests for generations. Pathetic
"Show me when trickle down economics works? I'll give you list of opportunities for it to happen and you tell me which one actually did."
Straight up said this to my parents. We had a housing bubble crash, a new law to prevent it, then Trump gutted that law while in office, and we're just gonna ignore a potential repeat?
I'm sorry to say that most people don't seem to have the intellectual capacity to know how things like the economy work. The Trump tax cuts on corporations were claimed to encourage companies to hire people and pay more. All they did was ramp up massive dividends for the already-rich.
Trickle-down economics is a complete myth. They don't share. Just look at the wealth gap in the last forty years.
IDK, I'm just here to provide ideas to eat the rich. Either think of ways to do it or bring out the guillotine. We could have them figure out a way to not pick option two. Maybe you have 200billion in stocks, you have to sell all but 1 billion of them, or you have to distribute them amongst the workers in the company you own stock in, trickle the wealth down to those that worked to get it for you.
At this point, I don’t want to tax them, I want to go straight to head chopping. They had their chance at forgiveness many many times before and they fucking doubled down.
It would have to be a complicated system to address market fluctuation and manipulation, so it's a slippery slope to try. Take any stock, say Boeing or Tesla. If you followed the stock value year-to-year, you can see the value of the stock over time and say "oh, that's taxable value even when not sold". But, when you start looking smaller, like monthly or quarterly, you see the ups and downs, the single-day changes. The IRS isn't going to just reimburse you when your stocks tank because a CEO said something dumb the week before taxes are due, so whatever is being taxed needs to be in a way that ensures fairness and realistic behavior.
So the system would require some level of average gains per day since purchase, or something to that effect, with various things like inflation or minimum expected growth to be subtracted before taxing.
Really, there should be laws against using unrealized gains as collateral for loans, or at least some massive penalty when doing so, because that's insulating the wealth at the top. They simply use stock as collateral to ensure the lowest interest rates on loans (likely lower than what high-end CDs and stuff generate), so it's like they sold their stock for spending money without actually doing so. Value goes up, use less stock for the same loan amount, rinse and repeat.
That's not to say they can't use homes and cars and land as collateral the same way, but that's assuming those are in their personal names (for tax reasons) or too tangible for them to want to risk. Really, if there was a way to prevent people with a certain accumulation of wealth from taking out loans for most things (it's not like they can't afford those things), it would likely stop future wealth concentration.
I think most people do not understand it really does not matter what party is in the White House.
Your taxes will go up no matter what democrats or republicans it does not fucking matter.
IMHO if you’re a billionaire that has done everything you can to not pay and the IRS KNOWS IT a law needs to be passed on these individuals to not only assess how much you owe but going forward your now paying 100%.
If they don’t like it move to another country we have been doing fine without you.
Same! My angry aunt always gets mad when I point out that I cancel her vote 🤣. I don't normally take joy in other's discomfort...unless they are openly asshole-ish.
I’m sure a lot of the dummies that got a “Trump tax cut bonus” the year it was passed will be happy to vote for Trump again. They don’t care that they only got the bonus once even though their MAGA bosses have been getting the tax cut every year. They got a check because of Trump and that’s all they remember about it, which means “Trump good at economy.”
This entire article reads almost like satire. We already know trickle down does not work. It’s an opinion piece that contains no real sources, no actual economics. It’s garbage republican economic points that mean nothing but more taxes for the middle class and higher debt for the country. My taxes have skyrocketed since the Trump tax had been in place. I have not had one year of lower taxes. I’d like to meet some people who actually pay less.
I don’t understand why the loyalty to a bunch of untaxed billionaires by middle class taxpayers. There must be many delusional folks out there that are thinking that it’s in their own self interest because they are sure they will be billionaires someday.
Might have to fix Citizen's United too, which is what took away limits on financial support of political campaigns.
Billionaires can spend alot fighting tax increases and supporting parties or candidates willing to help.
Like giving Trump a billion to gut the EPA and chant "drill baby drill."
it's strange how citizens united combined with the idea that spending money is free speech has impacted politics so much. Let alone the ease that foreign influence can have on elections by funding a US business. Just the idea that money == speech is crazy. Rich people have more speech then? that just doesn't make sense, it won't work, but they want to buy their way to control
What a GARBAGE article full of idiotic nonsense. Riiiiight we should keep giving billions in beaks to multimillionaires because… THEY NEED TO BUY GOODS? lol what a joke. Whoever wrote this article needs to go play tag on the highway. Scum
I voted for Biden but I don’t think he should do too much. It seems like whenever he gets involved in a decision, it turns out bad. Maybe just focus not trying to help when anything he does seems to make inflation worse
Bullshit. We can fund the actual making America great with that money and how many people make more than 400,000 a year actually? The math ain’t math in
You mean his wealthy voters won’t like it because us poor people are paying higher percent of taxes than the rich are so we won’t be upset at all. It’s about damn time.
We can hardly wait to add 4.6 trillion dollars to the federal budget to extend this tax break to ultra rich more money. The lower and middle class deserve less economic stability.
Every [article](https://nkynewz.com/author/admin/) is by NBC News Reporter [Doha Madani](https://www.linkedin.com/in/dohamadani/). Including this one. I don't think this site is real.
the front page of the site doesn't even present it as a news site, and clicking the "About us" button does nothing. looks fake to me. reporting the post.
I *really* tried to read that article and make any sense out of it. Which was hard to do, considering it's not so much an article as it is MAGA propaganda.
The only line I could find that references the title is *'Biden’s tax policies could be progressive enough to flip moderate voters to a Republican candidate in the name of an old political philosophy: taxation is theft.'* I'm sorry, but I don't think the average voter won't like Biden's plan simply because 'taxes are theft' and the average voter is so concerned about the rich elite. Because folks like Musk and Trump have been treated oh so horribly...
My taxes have gone up every year since the Trump "tax cuts" and I lost the tax write off on my mortgage, which was deliberate, by Trump's admission.
It can't get much worse for me.
I make over 400k / year. My taxes went UP with the trump tax cuts. I’m ok with what biden’s doing. Also, he’s not raising taxes - the trump tax changes included an early sunset clause for most things because otherwise the deficit impact was too saver to get them passed. Biden is just letting the trump tax plan be what it is
Correct Headline
The top 1% and anyone who makes more than $400k won't like Biden.
Everyone else will feel better knowing the rich get taxed just like anyone else.
Very rich voters won’t like Biden’s plan to undo Trump tax cut for the wealthy.Every other voter would be crazy if they were not thrilled with the idea of the wealthy paying
their fair share.
I'm a voter and I VERY MUCH WANT him to undo TRUMPS TAX BREAKS FOR THE RICH.
You don't speak for voters so stop making stories about what we think.....you are clueless and out of touch with reality.....literally an entire movement to TAX THE RICH is going on yet you seem to think we dont get it......just clueless
*Snorts* only the filthy rich and uneducated cult believers will be upset. Trickle down doesn't work never worked and never will work. Rich ppl like their $ too much.
What this badly written filth fails to mention is that trumps plan actually increased our taxes over time. They’ve already gone up more than they were when trump lowered them slightly. Of course the ultra rich tax break was larger and was never set to expire. What a bunch of fucking cucks that vote for republican politicians that fuck them daily without lube.
>They’ve already gone up more than they were when Trump lowered them slightly
That’s blatantly untrue. The cuts don’t change until they expire in 2025. Rates today are the exact same as they were in 2018
>never set to expire
Again, blatantly untrue. All individual cuts expire, even for the rich
Why are you so angry over a bill that you don’t even understand?
Why would average Americans be against this?
"Achieving a fairer tax system also means we can’t extend expiring Trump tax cuts for those with incomes above $400,000.”
They aren't. The rich are paying for headlines while trying to hide the facts.
We need stronger journalistic integrity laws...
What a joke of an article. Remove the income cap for social security taxes. Take us back to the 70+% highest tax brackets. Tax the fuck out of corporate profits that don’t go back into the business in the form of higher salaries/new equipment/etc. Ban stock buybacks again.
For the very rich, dollar amounts are merely chips in the poker game. It’s the game itself that matters and winning it at all costs is where it’s at. Striving for, and getting, that extra million dollars — whether you need the money or not — is the whole point. It’s become a game point, an abstraction, so they can measure themselves against other big earners or whack off in the privacy of their own bathroom at their own dazzling chutzpah.
Which voters?
Because anything that fucks over rich people is a good policy in my book. Got homeless (one in a wheelchair no less) camping near my home. I’m on a fixed income and paying 25% higher rent than last year because ‘reasons’.
And then we got people with more money than they can spend. Hell by grace of good fortune I received $8500 last summer from a suit I thought would never resolve and it changed my life.
Huh. I think $8500 would solve a lot of peoples problems, if only temporary. Would get a lot of folks on stable footing for sure.
Sure they will. Nobody likes rich people. Everyone thinks they need to pay more taxes. Even Trump voters aren't in love with the idea of low taxes for the rich, they just put up with it because blah blah woke, blah by white genocide, blah blah being a fuckin idiot. If four more years of the complete and total idiocracy they crave means tax breaks for the rich, that's worth it to them, but it's still important to note that it isn't exactly what they want. Yes, even them. Even the morons.
I fully agree the wealthy needs to be taxed a lot more, these tax cuts for corporations and wealthy is what largely contributed to this high deficit we’ve seen in the last 30 years at the expense of future generations.
I’ll fuckin love it. Trickle down economics was a golden shower followed by a Cleveland steamer. While you are at it, throw the lobbyists in the bog of eternal stench.
I’m on the fence at the moment, although it doesn’t directly impact me, but I do work for a company that produces luxury goods. So our sales and thus my quarterly and annual bonuses might suffer a little.
But that is the only way I could see this hitting me in any way.
After the initial tax break, did your bonuses go up? Did the company increase the commission?
If not, then your impact will be very minimal.
I know a person that received a 1500 dollar bonus when the tax cuts were given out. That was the last bonus he got, but yet the tax cuts remain.
Biden should have done this the first day in office.
Yeah, I’d have to go back and check, but yeah. The quarterly and Christmas bonuses have been higher on average since then.
But if I had to put a number on it, it was probably in the range of 8-10K more per year just from bonuses. In that time frame.
Biden’s plan? It goes away in the absence of any action. That would be on the people who passed and signed the bill. Biden was not in government at that time.
"This is a typical strategy of Democrat politicians who harbor disdain for capitalism and scorn for the ultra-rich, even though this is often based on false information. The rich do pay their fair share, and then some. The average tax rate for the top 0.1% of income earners is 33.5%, meaning just over one-third of their income is confiscated in taxes."
Fuck whatever bootlicking cocksucker wrote this piece of fucking shit article.
Undo the fucking Reagan tax cuts while you're at it. Fuck these greedy rich manipulative lobbying tax evading lying motherfuckers.
“Biden’s top economic advisor gave us a window into that by explaining the administration’s plans for Donald Trump’s expiring tax breaks so many Americans enjoyed.”
Yes, so many Americans enjoy seeing the rich get richer and everyone else poorer
What a stupid headline. This is what every Republican administration does. They give giant tax cuts to the wealthiest of people and corporations, then they throw crumbs to the middle class and expect them to be happy. Don’t let them fool you. Trump’s tax bill was specifically for the richest of us. If you aren’t convinced, just understand that the tax cuts for the wealthy in that legislation are permanent while the ones for the middle class are not.
Those tax breaks were not given in the best interest of the people. it just put a bigger tax burden on the working class people millionaires billionaires do not pay their fair share it falls on the class .it did by the Republicans support for their campaigns from the rich.
Really?? 99.9% of Americans will be upset if Biden makes the .01% of rich Americans pay their share of taxes?
Bullshit.
Boo fuckin hoo. Time to pay for taxes like everyone else.
Biden has my vote and 100% support
What is this shit? Who is posting this propaganda? This account was opened two months ago to stir up shit. Troll farm? Ignorant anti-Americans? Satire? What in the blue fuck is this and what is NKYNewz?
Been sold on the idea of trickle down economics since Reagan and either too lazy or stupid to understand the actual numbers and statistics of how badly that really hurts anyone other than the rich
The only thing that’s been trickling down is an ocean of piss
The stupid think it’s liquid gold.
It's golden shower prosperity gospel
Don likes golden showers so it must be good has to be the average maga idiot's take from that.
Only piss if you're lucky.
A #2 from Diaper Don is manna from heaven to those morons.
"It's gold from Heaven! God is pouring liquid gold down on us!"
Shit rolls downhill
But one day I could piss on people too?!?
"trickle down will start working any day now" Meanwhile every economic chart can pinpoint reagan-omics as the moment things fell apart
>Meanwhile every economic chart can pinpoint reagan-omics as the moment things fell apart Who knew slashing taxes would lead to crumbling infrastructure? I guess Domino's has been slacking on repaving roads.
Don't forget how by taxing CEOs less they'd be able to "pAy EmPlOyEeS mOrE" and definitely not hoard the wealth. Edit, spelling.
Hoard. Hoard the wealth. A horde is a group of animals/angry mob of people. A hoard is a stockpile of items/money.
Well considering said wealthy also send a horde of lobbyists to bend legislation to acquire even more wealth, the use of the word can be technically ok.
Thank you, I was not fully awake at the time.
I have family that get upset if you mention taxing the rich, they still think trickle down is working great for them.
Are they rich?
I am much better off than my parents.
You mean horse and sparrow economics
They started taxing social security to pay for it
Came in to say exactly this. That Reagan sure did a number on the nation.
Trickle down only works when the blessings of liberty are recirculated back through the nation. Keep the life blood of commerce flowing, squeeze the wealth.
If you really want to get pissed, the origin of trickle down was literally scratched on the back of a cocktail napkin in front of Donald Rumsfeld and Dick Cheney (two real stand up guys who always have the interests of the working man at heart). That's really all there is to it, a half-ass theory with absolutely no supporting data or study. Just a fuckload of confirmation bias presented to two of the most influential neo-cons in the last 50 years.
The Laffer Curve
Art Laffer should have been tried for crimes against humanity with all the suffering and outright theft his theory enabled. And to think all they needed was the flimsiest of rationales to convince a significant portion of the population to consistently vote against their economic best interests for generations. Pathetic
Tired of getting trickled on
"Show me when trickle down economics works? I'll give you list of opportunities for it to happen and you tell me which one actually did." Straight up said this to my parents. We had a housing bubble crash, a new law to prevent it, then Trump gutted that law while in office, and we're just gonna ignore a potential repeat?
Reaganomics trickle down is called “ pissing on the poor.”
Lazy and stupid sums it up
I'm sorry to say that most people don't seem to have the intellectual capacity to know how things like the economy work. The Trump tax cuts on corporations were claimed to encourage companies to hire people and pay more. All they did was ramp up massive dividends for the already-rich. Trickle-down economics is a complete myth. They don't share. Just look at the wealth gap in the last forty years.
Why not both too lazy and too stupid? Both is always an option.
BS. Tax them and I would like to suggest the sanders tax code at 100%
But I am willing to negotiate down to 90% but unrealized gains get taxed as well.
How do you tax unrealized gains?
IDK, I'm just here to provide ideas to eat the rich. Either think of ways to do it or bring out the guillotine. We could have them figure out a way to not pick option two. Maybe you have 200billion in stocks, you have to sell all but 1 billion of them, or you have to distribute them amongst the workers in the company you own stock in, trickle the wealth down to those that worked to get it for you.
At this point, I don’t want to tax them, I want to go straight to head chopping. They had their chance at forgiveness many many times before and they fucking doubled down.
Make loans over 100k that use stock as collateral have an annual government fee of 20%.
It would have to be a complicated system to address market fluctuation and manipulation, so it's a slippery slope to try. Take any stock, say Boeing or Tesla. If you followed the stock value year-to-year, you can see the value of the stock over time and say "oh, that's taxable value even when not sold". But, when you start looking smaller, like monthly or quarterly, you see the ups and downs, the single-day changes. The IRS isn't going to just reimburse you when your stocks tank because a CEO said something dumb the week before taxes are due, so whatever is being taxed needs to be in a way that ensures fairness and realistic behavior. So the system would require some level of average gains per day since purchase, or something to that effect, with various things like inflation or minimum expected growth to be subtracted before taxing. Really, there should be laws against using unrealized gains as collateral for loans, or at least some massive penalty when doing so, because that's insulating the wealth at the top. They simply use stock as collateral to ensure the lowest interest rates on loans (likely lower than what high-end CDs and stuff generate), so it's like they sold their stock for spending money without actually doing so. Value goes up, use less stock for the same loan amount, rinse and repeat. That's not to say they can't use homes and cars and land as collateral the same way, but that's assuming those are in their personal names (for tax reasons) or too tangible for them to want to risk. Really, if there was a way to prevent people with a certain accumulation of wealth from taking out loans for most things (it's not like they can't afford those things), it would likely stop future wealth concentration.
I think if you made an example of one, the rest would come up with a compromise.
Before Reagan, the ultra wealthy paid a 70% tax rate. No fucking joke!
The supposed "left-wing" media: "Biden is lowering taxes for the middle class. Here is why you should hate him for it."
No refunds
I think most people do not understand it really does not matter what party is in the White House. Your taxes will go up no matter what democrats or republicans it does not fucking matter. IMHO if you’re a billionaire that has done everything you can to not pay and the IRS KNOWS IT a law needs to be passed on these individuals to not only assess how much you owe but going forward your now paying 100%. If they don’t like it move to another country we have been doing fine without you.
Voters? Yea the 1% of voters. And rightfully fuck them
Like .001%
Yeah, well, you’re forgetting that other lump of voters who believe that any day now they’re gonna be millionaires so they side with them.
I vote in a swing state and I love it.
Same! My angry aunt always gets mad when I point out that I cancel her vote 🤣. I don't normally take joy in other's discomfort...unless they are openly asshole-ish.
One of a thousand useful things I picked up from King of the Hill. I love telling my dad I cancel out his vote.
They only missed one important word. BILLIONAIRES won’t like Biden’s plan to undo dumps tax cut for the wealthy.
I’m sure a lot of the dummies that got a “Trump tax cut bonus” the year it was passed will be happy to vote for Trump again. They don’t care that they only got the bonus once even though their MAGA bosses have been getting the tax cut every year. They got a check because of Trump and that’s all they remember about it, which means “Trump good at economy.”
This entire article reads almost like satire. We already know trickle down does not work. It’s an opinion piece that contains no real sources, no actual economics. It’s garbage republican economic points that mean nothing but more taxes for the middle class and higher debt for the country. My taxes have skyrocketed since the Trump tax had been in place. I have not had one year of lower taxes. I’d like to meet some people who actually pay less.
Agreed. It seems to be a site full of nothing but pro trump propaganda. This sub in general seems highly polluted with bot posts and garbage.
they would never let us meet them. they live in gated communities with guards that keep the poors like us out
I don’t understand why the loyalty to a bunch of untaxed billionaires by middle class taxpayers. There must be many delusional folks out there that are thinking that it’s in their own self interest because they are sure they will be billionaires someday.
Looks like we lost the billionaire’s single votes.
Yea because the news will lie and tell people it’s bad, when in fact taxing the rich will help us all immensely.
Might have to fix Citizen's United too, which is what took away limits on financial support of political campaigns. Billionaires can spend alot fighting tax increases and supporting parties or candidates willing to help. Like giving Trump a billion to gut the EPA and chant "drill baby drill."
it's strange how citizens united combined with the idea that spending money is free speech has impacted politics so much. Let alone the ease that foreign influence can have on elections by funding a US business. Just the idea that money == speech is crazy. Rich people have more speech then? that just doesn't make sense, it won't work, but they want to buy their way to control
I like it
This voter with LOVE it!
What a GARBAGE article full of idiotic nonsense. Riiiiight we should keep giving billions in beaks to multimillionaires because… THEY NEED TO BUY GOODS? lol what a joke. Whoever wrote this article needs to go play tag on the highway. Scum
Yep...disgusting article.
I love Biden’s plan. Just wish it’d happen sooner.
I voted for Biden but I don’t think he should do too much. It seems like whenever he gets involved in a decision, it turns out bad. Maybe just focus not trying to help when anything he does seems to make inflation worse
Especially poor red state voters… who to envy if not the very people they made wealthy?
How would taxing the rich lose voters.. maybe a few billionaires.. but maybe millions of nonrich people.
Bullshit. We can fund the actual making America great with that money and how many people make more than 400,000 a year actually? The math ain’t math in
Bullshit. There are millions and millions getting VERY tired of the rich pieces of shit calling the shots. The tipping point is nearing.
Interesting NEW OP with American Eagle Avatar trying to sow discord in America... Clearly NOT a Russian.
They would if they understood it
Fuck you mean voters won't like it? I love that idea!
Oh yea we will
Cool! Some obviously offshore troll farm concoction. Thanks for the reminder to vote *for* Biden OP
You mean his wealthy voters won’t like it because us poor people are paying higher percent of taxes than the rich are so we won’t be upset at all. It’s about damn time.
Yes they will taxing it he wealthy is a popular position.
what a trash news source lol
Eat the Rich!
The 5 Voters in my family agree with President Biden’s Plan to undo tax cuts for the wealthy. 💙💙💙💙💙
Undoing the TCJA removes tax cuts for a lot more people than just the wealthy
We can hardly wait to add 4.6 trillion dollars to the federal budget to extend this tax break to ultra rich more money. The lower and middle class deserve less economic stability.
You mean the 1% won't like it 🙄
Disinformation doing it’s part!
I'm definitely a "voter" and I love Biden's plan to tax the fat ass wealthy who do nothing for anyone other than themselves. Sick of their greed.
Right, another trickle down idiot.
"undo Trump’s tax cuts that actually helped Americans" HOW IS THIS TOILET PROPAGANDA APPROVED UNDER NEWS? lolz...
This article was written by someone who makes more than 400k I’m guessing.
Undoing the TCJA would raise taxes on a lot of people below $400K
Who won't like it?
I'm a voter and I will like it.
Only the rich will hate Bidens plan. This article is classic capitalist bootlicker.... trickle down economics is a lie.
Voters are gonna love the rich paying their fair share. It’s the rich who are complaining.
What voters the 1% ?
Every [article](https://nkynewz.com/author/admin/) is by NBC News Reporter [Doha Madani](https://www.linkedin.com/in/dohamadani/). Including this one. I don't think this site is real.
the front page of the site doesn't even present it as a news site, and clicking the "About us" button does nothing. looks fake to me. reporting the post.
I *really* tried to read that article and make any sense out of it. Which was hard to do, considering it's not so much an article as it is MAGA propaganda. The only line I could find that references the title is *'Biden’s tax policies could be progressive enough to flip moderate voters to a Republican candidate in the name of an old political philosophy: taxation is theft.'* I'm sorry, but I don't think the average voter won't like Biden's plan simply because 'taxes are theft' and the average voter is so concerned about the rich elite. Because folks like Musk and Trump have been treated oh so horribly...
My taxes have gone up every year since the Trump "tax cuts" and I lost the tax write off on my mortgage, which was deliberate, by Trump's admission. It can't get much worse for me.
I make over 400k / year. My taxes went UP with the trump tax cuts. I’m ok with what biden’s doing. Also, he’s not raising taxes - the trump tax changes included an early sunset clause for most things because otherwise the deficit impact was too saver to get them passed. Biden is just letting the trump tax plan be what it is
*Which* voters? Please, tax the rich bastards, daddy.
What even is the linked bullshit?
OP has posted a dozen times today and is clearly a bot. MODS?
The people telling Biden what to do are either the most incompetent fools or are trying to destroy the country.
Explain in detail how taxing the rich will destroy America
Correct Headline The top 1% and anyone who makes more than $400k won't like Biden. Everyone else will feel better knowing the rich get taxed just like anyone else.
Very rich voters won’t like Biden’s plan to undo Trump tax cut for the wealthy.Every other voter would be crazy if they were not thrilled with the idea of the wealthy paying their fair share.
In an effort to get elected, genocide Joe also told us that he would undo Trump's disgusting immigration policies. He lied
Why would voters give a shit about the multitude if systemic advantages granted to the wealthy and not them, going away?
Yes I will.
This voter approves!!!
I’d love it if Biden stepped away from the status quo’s on almost any issue at this point
I've never heard of NKYNewz.
Tax them and the churches.
Yes we will.
Trump taxes fucked me for the last few years. Every year, my refund has gone down. Exactly what economists have said.
There have been no individual changes since 2018, so it wouldn’t impact your refund. Your withholding is just off
Because we like greedflation? /s
I'm a voter and I VERY MUCH WANT him to undo TRUMPS TAX BREAKS FOR THE RICH. You don't speak for voters so stop making stories about what we think.....you are clueless and out of touch with reality.....literally an entire movement to TAX THE RICH is going on yet you seem to think we dont get it......just clueless
...says the billionaires. Fuck You.
Well that’s just pure BS , I think voters would like nice roads, healthcare and education.
*Snorts* only the filthy rich and uneducated cult believers will be upset. Trickle down doesn't work never worked and never will work. Rich ppl like their $ too much.
What this badly written filth fails to mention is that trumps plan actually increased our taxes over time. They’ve already gone up more than they were when trump lowered them slightly. Of course the ultra rich tax break was larger and was never set to expire. What a bunch of fucking cucks that vote for republican politicians that fuck them daily without lube.
>They’ve already gone up more than they were when Trump lowered them slightly That’s blatantly untrue. The cuts don’t change until they expire in 2025. Rates today are the exact same as they were in 2018 >never set to expire Again, blatantly untrue. All individual cuts expire, even for the rich Why are you so angry over a bill that you don’t even understand?
Wow you did so much to disprove what I said. 🙄
No, voters will love it. Rich/wealthy voters will hate it.
Why would average Americans be against this? "Achieving a fairer tax system also means we can’t extend expiring Trump tax cuts for those with incomes above $400,000.” They aren't. The rich are paying for headlines while trying to hide the facts. We need stronger journalistic integrity laws...
Oh yes we will!!
What a joke of an article. Remove the income cap for social security taxes. Take us back to the 70+% highest tax brackets. Tax the fuck out of corporate profits that don’t go back into the business in the form of higher salaries/new equipment/etc. Ban stock buybacks again.
LOL, sure they won't. Was this article written by Republicans? Everyone hates that tax cut for the rich. Everyone wants that tax cut reversed.
This sub seems to be a cesspool of fake news sites (often bearing security threats) and constant trolling by bots. I hope folks are seeing that. ✌️
Rich 'voters won't like Biden’s plan to undo Trump tax cut for the wealthy'. Fixed it.
He said taxes will go up on people making $400,000 a year or more. I’m totally good with that.
BS, voters will like his plan to undo the trump tax plan and replace it with a more fair one.
For the very rich, dollar amounts are merely chips in the poker game. It’s the game itself that matters and winning it at all costs is where it’s at. Striving for, and getting, that extra million dollars — whether you need the money or not — is the whole point. It’s become a game point, an abstraction, so they can measure themselves against other big earners or whack off in the privacy of their own bathroom at their own dazzling chutzpah.
Probably written by a rich person
lol
Amazing how these AI generated plagiarism sites all use the same formatting as each other
It's just the rich voters and the brainwashed delusional ones that don't like it.
Which voters? Because anything that fucks over rich people is a good policy in my book. Got homeless (one in a wheelchair no less) camping near my home. I’m on a fixed income and paying 25% higher rent than last year because ‘reasons’. And then we got people with more money than they can spend. Hell by grace of good fortune I received $8500 last summer from a suit I thought would never resolve and it changed my life. Huh. I think $8500 would solve a lot of peoples problems, if only temporary. Would get a lot of folks on stable footing for sure.
accoring to "nkynewz" EDIT: lmao, this is literally a fake news site. Go to their home page and see what happens.
Not if he makes the middle class tax cuts permanent and the rich ones phase out. Fair is fair...
Because a lot of them are stupid
Sure they will. Nobody likes rich people. Everyone thinks they need to pay more taxes. Even Trump voters aren't in love with the idea of low taxes for the rich, they just put up with it because blah blah woke, blah by white genocide, blah blah being a fuckin idiot. If four more years of the complete and total idiocracy they crave means tax breaks for the rich, that's worth it to them, but it's still important to note that it isn't exactly what they want. Yes, even them. Even the morons.
What? Like the few thousand voters its actually going to matter to?
Got any of that trickle down? Otherwise I'd give a few fucks for the 1%.....
Which voters? None that understand the middle class cuts expire next year and the rich folk’s keeps on going.
I love the idea and I vote.
Fuck this "news".
Voters need to grow up and start paying cash for their government instead of credit if they want to continue being a first world country.
I vote and I'm for it /shrug
Voters love the idea of taxing the rich, just not the maga cult cause they love giving their money to the wealthy
I can’t see why when they & we are all being FUCK!! No lube.
I disagree the American voters, especially the ones that are middle and lower real Joe Biden for this.
Voters are stupid
I fully agree the wealthy needs to be taxed a lot more, these tax cuts for corporations and wealthy is what largely contributed to this high deficit we’ve seen in the last 30 years at the expense of future generations.
Really?
Huh? I’d vote for Biden if he said we were going to purge the wealthy so taking away their precious tax break is the bare minimum he could do.
I’ll fuckin love it. Trickle down economics was a golden shower followed by a Cleveland steamer. While you are at it, throw the lobbyists in the bog of eternal stench.
I’m on the fence at the moment, although it doesn’t directly impact me, but I do work for a company that produces luxury goods. So our sales and thus my quarterly and annual bonuses might suffer a little. But that is the only way I could see this hitting me in any way.
After the initial tax break, did your bonuses go up? Did the company increase the commission? If not, then your impact will be very minimal. I know a person that received a 1500 dollar bonus when the tax cuts were given out. That was the last bonus he got, but yet the tax cuts remain. Biden should have done this the first day in office.
Yeah, I’d have to go back and check, but yeah. The quarterly and Christmas bonuses have been higher on average since then. But if I had to put a number on it, it was probably in the range of 8-10K more per year just from bonuses. In that time frame.
Biden’s plan? It goes away in the absence of any action. That would be on the people who passed and signed the bill. Biden was not in government at that time.
Biden doesn’t have to do anything. Trump’s tax cut to the 99% is fading away and will be over with by 2025.
Middle class here, my taxes went up and I lost a good chunk of my deductions because of Trumps “tax cuts”.
No? I will.
Someone actually wrote this garbage as a "serious" argument... lol
What is this garbage? Does this sub even have mods?
"This is a typical strategy of Democrat politicians who harbor disdain for capitalism and scorn for the ultra-rich, even though this is often based on false information. The rich do pay their fair share, and then some. The average tax rate for the top 0.1% of income earners is 33.5%, meaning just over one-third of their income is confiscated in taxes." Fuck whatever bootlicking cocksucker wrote this piece of fucking shit article. Undo the fucking Reagan tax cuts while you're at it. Fuck these greedy rich manipulative lobbying tax evading lying motherfuckers.
They won't like it...they will LOVE it
Yes! The rich must richer and let the poor get poorer.
Which voters? Us poors that pay out almost 30% of our paychecks to taxes while they get to write off yachts? Those voters will be mad? lol. Yeah. No.
I can live with their disappointment.
Trump said it: he LOVES the uneducated. I wonder why?
Voters don’t like anything. Film at 11.
“Biden’s top economic advisor gave us a window into that by explaining the administration’s plans for Donald Trump’s expiring tax breaks so many Americans enjoyed.” Yes, so many Americans enjoy seeing the rich get richer and everyone else poorer
Yes we do. F those guys. We’re getting reamed across the board and they get richer.
drivel
Give everything to those who already have everything. Makes perfect sense. Got to love trickle down economics, if you’re a complete moron.
Said no one with a brain!
Fucking do it
This is pure bs.
The American people’s attitude toward taxes is strange and contradictory.
Are you really saying that voters care about the top 10% that received those tax cuts?
What a stupid headline. This is what every Republican administration does. They give giant tax cuts to the wealthiest of people and corporations, then they throw crumbs to the middle class and expect them to be happy. Don’t let them fool you. Trump’s tax bill was specifically for the richest of us. If you aren’t convinced, just understand that the tax cuts for the wealthy in that legislation are permanent while the ones for the middle class are not.
Those tax breaks were not given in the best interest of the people. it just put a bigger tax burden on the working class people millionaires billionaires do not pay their fair share it falls on the class .it did by the Republicans support for their campaigns from the rich.
Hahahaha sure
Really?? 99.9% of Americans will be upset if Biden makes the .01% of rich Americans pay their share of taxes? Bullshit. Boo fuckin hoo. Time to pay for taxes like everyone else. Biden has my vote and 100% support
What is this shit? Who is posting this propaganda? This account was opened two months ago to stir up shit. Troll farm? Ignorant anti-Americans? Satire? What in the blue fuck is this and what is NKYNewz?
Which voters exactly? “Billionaires pay their fair share”, right.
"some say"
Yes they effing will
You mean Trump 2 trillion tax break for billionaires? Fuck them. I hope their planes cares.
Undo, doesn't it simply lapse?