Economy 52,910 Posted March 15, 2021 Share Posted March 15, 2021 https://www.bnnbloomberg.ca/biden-eyes-first-major-tax-hike-since-1993-in-next-economic-plan-1.1577062 First of all before listing the break down it should be noted these specifics have not been officially comfirmed. However BNN has a good track record with sources and accuracy so while the report should be taken with some grain of salt if gives you a rough idea where plans may be headed and they include: - Raising the 21% Corporate tax rate to 28% and ending some loopholes (and tax preferences) as well introduced by Trump - Creating new higher income tax bracket for income higher than $400,000 - Raise Capital Gains tax on those that make at least $1 Million Link to post Share on other sites More sharing options...
Economy 52,910 Posted March 15, 2021 Author Share Posted March 15, 2021 The first 2 seem good but the last one i think is too soft with capital gains Capital gains is the main reason the very rich grow wealth so quickly because investments can compound quickly and its taxed rates that are too low... it needs to be taxed as income so they can pay fair rates Its going in the right direction at least but still too soft Link to post Share on other sites More sharing options...
MJHolland 12,725 Posted March 15, 2021 Share Posted March 15, 2021 God damn you love to see it Link to post Share on other sites More sharing options...
Pop Music 20,540 Posted March 15, 2021 Share Posted March 15, 2021 we stan to see it Pop Music and Lady Gaga forever! Link to post Share on other sites More sharing options...
BUtterfield 8 41,819 Posted March 15, 2021 Share Posted March 15, 2021 Good Link to post Share on other sites More sharing options...
bionic 50,111 Posted March 15, 2021 Share Posted March 15, 2021 Republicans about to nip this in the bud Link to post Share on other sites More sharing options...
StarstruckIllusion 53,580 Posted March 15, 2021 Share Posted March 15, 2021 23 minutes ago, bionic said: Republicans about to nip this in the bud and by republicans you mean president joe manchin Link to post Share on other sites More sharing options...
Economy 52,910 Posted March 15, 2021 Author Share Posted March 15, 2021 4 minutes ago, StarstruckIllusion said: and by republicans you mean president joe manchin Whats ur definition of a Republican? Cuz if Biden is a republican then the whole government is basically a republican Link to post Share on other sites More sharing options...
PartySick 173,103 Posted March 15, 2021 Share Posted March 15, 2021 6 minutes ago, Economy said: Whats ur definition of a Republican? Cuz if Biden is a republican then the whole government is basically a republican They said Joe Manchin, the most right leaning Democrat in senate whose vote can make or break most bills. He's probably one of the most powerful senators right now because of it And since he's from West Virginia, a red state, he sides with conservatives on some things. His one vote could doom this to losing 49-51. That's why we need DC statehood so we can have two more democrats in senate then it doesn't matter what Manchin does. Whimsical bitch Link to post Share on other sites More sharing options...
StarstruckIllusion 53,580 Posted March 15, 2021 Share Posted March 15, 2021 15 minutes ago, Economy said: Whats ur definition of a Republican? Cuz if Biden is a republican then the whole government is basically a republican this framing... it’s giving... and giving me very... “no.” Link to post Share on other sites More sharing options...
Economy 52,910 Posted March 15, 2021 Author Share Posted March 15, 2021 7 minutes ago, PartySick said: They said Joe Manchin, the most right leaning Democrat in senate whose vote can make or break most bills. He's probably one of the most powerful senators right now because of it And since he's from West Virginia, a red state, he sides with conservatives on some things. His one vote could doom this to losing 49-51. That's why we need DC statehood so we can have two more democrats in senate then it doesn't matter what Manchin does. Omg i first read "Joe Munchckin" and thought it was a nickname for Joe Biden he invented. My ignorance Link to post Share on other sites More sharing options...
Economy 52,910 Posted March 15, 2021 Author Share Posted March 15, 2021 4 minutes ago, StarstruckIllusion said: this framing... it’s giving... and giving me very... “no.” I dont understand what the heck ur trying to say Also i thought u were refering to Joe Biden at first my bad. Partysick already corrected me Link to post Share on other sites More sharing options...
PartySick 173,103 Posted March 15, 2021 Share Posted March 15, 2021 Just now, Economy said: Omg i first read "Joe Munchckin" and thought it was a nickname for Joe Biden he invented. My ignorance "Munchkin"? You mean... Whimsical bitch Link to post Share on other sites More sharing options...
Economy 52,910 Posted March 16, 2021 Author Share Posted March 16, 2021 @E Z saw ur reaction to comment... this is totally random but this is literally the cutest avi ever Link to post Share on other sites More sharing options...
Chris Evans 8,919 Posted March 16, 2021 Share Posted March 16, 2021 let's gooooooooo Link to post Share on other sites More sharing options...
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