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  • If congressional Democrats can manage to push through a repeal of Trump's SALT deduction cap, my taxes will go down quite a bit.

    I'm not anti-tax in general, but I am bitter about the SALT thing, since it was a punitive measure specifically targeted to hit hardest in blue state major metro areas (i.e. Democrats) in order to pay for the giant cut in the corporate tax rate.
  • Buy assets with a compounding engine and dont sell. Dont create taxable transactions. Or create as few as humanly possible.

    /Not advice
  • Everyone's in favor of taxing those with significantly higher incomes, but no one considers who gets hurt the most by that...

    i.imgur.comView Full Size
  • You do of course realize that raising corporate taxes means that you're going to be paying more for stuff.  The corporations don't actually *PAY* the taxes, their customers pay them.  The corporations just collect them for the government.
  • Prepare the tax deductions/ exemptions !
  • dittybopper: You do of course realize that raising corporate taxes means that you're going to be paying more for stuff.  The corporations don't actually *PAY* the taxes, their customers pay them.  The corporations just collect them for the government.


    Well, they have to charge what customers can afford or they get no sales, right?

    You can't sell what people can't afford.
  • IF you believe that the corporations actually pay the higher taxes and that raising the tax rates for the wealthy will make your life better, I have a bridge I want to sell you.
  • SirMadness: dittybopper: You do of course realize that raising corporate taxes means that you're going to be paying more for stuff.  The corporations don't actually *PAY* the taxes, their customers pay them.  The corporations just collect them for the government.

    Well, they have to charge what customers can afford or they get no sales, right?

    You can't sell what people can't afford.


    It's almost as if raising corporate taxes will have an effect on the economy
  • Doing anything won't fix everything, so you shouldn't do anything.
  • dittybopper: You do of course realize that raising corporate taxes means that you're going to be paying more for stuff.  The corporations don't actually *PAY* the taxes, their customers pay them.  The corporations just collect them for the government.


    I disagree. Prices didn't go down after taxes were lowered in 2017. One would think that with the extra leeway with their profit margins, companies would set lower prices so they would be more competitive against their competition, yet there was no broad reduction in prices. This tells me that tax rates have little influence on the price of products and services.
  • dittybopper: You do of course realize that raising corporate taxes means that you're going to be paying more for stuff.  The corporations don't actually *PAY* the taxes, their customers pay them.  The corporations just collect them for the government.


    Hah, no.  Corporations don't change prices in response to taxes, just like they don't hire more people in response to tax cuts.  In both cases, hiring and prices are set in response to market forces and business needs.  Prices will be set at the point where the corporation thinks will maximize profit, which is not going to change regardless of the tax rate on those profits is.

    Higher corporate tax rates may slightly reduce the bottom line of the quarterly earnings report, and the shareholders may wind up with a slightly smaller dividend.
  • Hahaha, morons! I cashed in my 401K, all stocks, all three savings accounts and bought scratch tickets
  • If you are paying taxes now, your taxes are going to go up.

    And with inflation, your cost of living will increase as well.
  • Keyser_Soze_Death: If you are paying taxes now, your taxes are going to go up.

    And with inflation, your cost of living will increase as well.


    Named after a boogeyman with the bonus of 'Death.'

    Fear-mongering checks out.
  • Doc Daneeka: dittybopper: You do of course realize that raising corporate taxes means that you're going to be paying more for stuff.  The corporations don't actually *PAY* the taxes, their customers pay them.  The corporations just collect them for the government.

    Hah, no.  Corporations don't change prices in response to taxes, just like they don't hire more people in response to tax cuts.  In both cases, hiring and prices are set in response to market forces and business needs.  Prices will be set at the point where the corporation thinks will maximize profit, which is not going to change regardless of the tax rate on those profits is.

    Higher corporate tax rates may slightly reduce the bottom line of the quarterly earnings report, and the shareholders may wind up with a slightly smaller dividend.


    This is all Trumps tax cut did for my company.  They recognized the bonus savings, bragged about how well they were doing to Wall Street and the Execs patted themselves on the back for hitting our numbers and we went on business as usual. The tax cut was not a factor in any raises, hiring, or bonuses. Our prices to our customers get negotiated way beforehand and signed out in contracts, it doesn't matter what we pay in taxes.
  • dittybopper: You do of course realize that raising corporate taxes means that you're going to be paying more for stuff.  The corporations don't actually *PAY* the taxes, their customers pay them.  The corporations just collect them for the government.



    yea

    we've heard that one over the last 40 years too.  just like we heard about ronnie's trickle down bullshiat back in the 80's.

    that one is worn out.  good.

    raise those taxes anyway.
  • Keyser_Soze_Death: If you are paying taxes now, your taxes are going to go up.

    And with inflation, your cost of living will increase as well.


    Inflation is here regardless if you use the dollar to transact. the dollar has been decreasing in value since day one.

    unless you want to start using something deflationary like Bitcoin.
  • Doc Daneeka: dittybopper: You do of course realize that raising corporate taxes means that you're going to be paying more for stuff.  The corporations don't actually *PAY* the taxes, their customers pay them.  The corporations just collect them for the government.

    Hah, no.  Corporations don't change prices in response to taxes, just like they don't hire more people in response to tax cuts.  In both cases, hiring and prices are set in response to market forces and business needs.  Prices will be set at the point where the corporation thinks will maximize profit, which is not going to change regardless of the tax rate on those profits is.

    Higher corporate tax rates may slightly reduce the bottom line of the quarterly earnings report, and the shareholders may wind up with a slightly smaller dividend.



    but who will think of the lazy, fat, murcan stock owners!!
  • duppy: [joeydevilla.com image 490x472]


    I was eating that for most of 2020. I lost muscle mass because I could not afford protein on a regular basis. I lost everything in 2020. Anyway, I'm beefing up a bit in conjunction with the slow economic recovery. I also ate lots of Ramen, and with all that salt I was so bloated I looked pregnant. And I'm a dude.

    When I say I'm "beefing up" I don't mean that I'm an NFL player. I just like being my normal 190lbs. Went to 165 last year because all I ate was sh*t, and I looked like sh*t. Very thin. Have never been that malnourished in my life, not even in college. Even during Katrina I had a massive supply of MREs, each with approximately 5,873 calories designed for humping over terrain. Thank you, National Guard.
  • Hospitaller: IF you believe that the corporations actually pay the higher taxes and that raising the tax rates for the wealthy will make your life better, I have a bridge I want to sell you.


    again,

    that useless argument goes back to the ronnie 80's. about the same time ronnie was telling us about trickle down economics.............

    raise the taxes for those fat lazy farks and keep them raised.

    they've been on the gravy train too long and the nation is failing because of it.
  • Hospitaller: IF you believe that the corporations actually pay the higher taxes and that raising the tax rates for the wealthy will make your life better, I have a bridge I want to sell you.


    btw that bridge is located in the good ole USA and it is rusting away because corporate farks and the rich don't feel like they should have to pay their share of the tax burden.

    even though they use that bridge like everyone else.


    Progressive income tax works.  back in ronnies time in the 80's the top tax bracket was over 50%.

    and there were plenty of rich fuks running around back then too.

    and prices weren't going thru the roof either.


    nice try, though.
  • I remember when when they said that the alternative minimum tax (AMT) was implemented, and that would only affect the top 1/2%. It took less than 10 years for it to be applied to 20% of taxpayers.
  • If your ride looks like this do not worry about Biden's tax plan...

    Fark user imageView Full Size


    Hint: the ultra-wealthy are just as likely to vote Democratic (and in some cases more likely)

    /Sorry for the reality check (this being Fark and all)
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