Basically the original ship they built was damaged a few times and it was a financial burden for the owners. So they built a brand new ship that was almost identical to the original that now had a clean title and history. They swapped the boats and sent the old one out to sink. They could now make an insurance claim and basically double up.
Thats the quick rundown of what i remember reading.
Limit itemized deductions
A ninth change Biden calls for is a cap on itemized deductions of 28%. This is to say that for each dollar of itemized tax deductions, including charitable contributions, a taxpayer or couple filing jointly would only receive a maximum benefit of $0.28. This 28% limit would hold true even if a filer is paying a higher marginal tax rate.
If this sounds in any way familiar, it's because the 28% itemized deduction threshold was championed by President Obama in the 2010s, as well as supported by his then-Vice President Joe Biden.
The first and most obvious answer is that middle-class tax brackets would go up. Middle-class families by and large fall into the 12%, the 22%, or the 24% tax rates on the margin (that is, on their last dollar subject to income tax). If Biden gets his way, these tax brackets would rise to 15%, 25%, and 28% (respectively).
https://www.washingtonexaminer.com/opinion/if-youre-in-the-middle-class-joe-biden-wants-to-raise-your-taxes
All right. Found this that would make the claim largely correct. If I'm interpreting this correctly, a person making $50k a year would get $6,000 less per year. See if that's what it's saying to you too in Table 5:
I don't think the part of the 3% tax on home value is correct. I've never seen that. Besides, "40s, 50s, and 60's" just sounds suspicious. If anyone knows exactly where this claim is found in Biden's tax plan, I'd love to know. Because it needs to be shared widely if true (I just don't think it is).
It says it's found starting page 40. The property taxes in northern states are already like sacrificing your first born every year. This would be a monstrous add.
I skimmed. They're just saying what they'll spend on. All fluffy free stuff for people who deserve it - childcare, all sorts of crap, govt will replace gas vehicles with electric and create jobs as a result. No details on where they get the money from that I can find but I admit I got sick of even skimming it (I fully read through the first 20 pages or so before I wanted to hurl). e.g. middle of pg. 81, $50K student loan forgiveness for teachers - WOW. FREE EVERYTHING, including pre-K of course. Because the rest of public schooling is going so swimmingly.
These references you speak of are intentionally leaving out simple, linked references and your intent is to mislead and confuse people who aren't thinking skeptically. Keep playing dumb.
This tax on your house got snuck in with the obamacare abomination... to no ones surprise, the democrats are gonna stick with this massive new theft plan. Get these motherfuckers out of here.
Edit; it was proposed by the 0bama administration, as another funding mech for 'free' healthcare, I do not think they got it started yet. I do notice the democrats still think it's a peachy idea tho...
Yeah. I kind of said that, I thought. It was floated during the dark days of obamacare, not implemented I guess.
I do find it interesting that democrats still talk about it. Motherfuckers never give up on an idea to squeeze more money out of productive citizens...
in commie denmark, taxes are totally out of control.
we have a basic tax rate of 50%, progressive top tax adds 15%. There are some mechanisms that CAN lower this to around 53% depending on circumstances.
we have 25% sales tax, and INSANE taxes on almost anything you can imagine.
for example on the total cost of electricity, 80% is taxes - this is of course paid for AFTER you already paid more than half in taxes.
Gasoline/Diesel is also taxed to hell.
Cars have taxes of up to 180% (and it even used to be higher)
Take it from someone who lives in a socialist hellhole, you do NOT want this to happen to your country. the USA is already totally fucked with taxes, but atleast it has not been given aids yet. I am telling you, YOU DO NOT WANT THAT TO HAPPEN!
it is a massive uncontrollable beast. The more you get dependent on the handouts, the more votes you get. It is extremely difficult to break out of, I am not sure if it is even possible to do via voting. Nobody is simply willing to vote out the handouts they themselves get.
I urge everyone that reads this to do whatever they can to stop the communists from taking over, for you do not know what you have lost until it is gone.
CPA fag here. I've been looking high and low for the Biden tax plan and I haven't found it anywhere. I'm not disputing the numbers, but I want to see the plan for myself because some of the numbers and claims seem a little off.
then repost it when you find it. just reading through this you can tell a bunch of people have wasted their time looking for it and you're an asshole for being called out on your lack of source material but you STILL won't take down the post.
idk why you would post it in the first place if you haven't confirmed it to be true.
lmao i just spent about 7 seconds scrolling through that original thread and i was able to count TWELVE fucking comments from you trying to justify your unsourced FAKE NEWS as maybe having "something to it".
Just so we are clear, you look like a frothing at the mouth retard who doesn't know the difference between fact and fiction and even worse, you actually think there are people out there as fucking dumb as you are who will also eat fake news like its made of paint chips.
Furthermore, you STILL didn't provide any source information for your fake news article and kept commenting over and over about how "there's something to it". What is there that's "to it"? Is it something you feel but can't see? Because around here we do facts over feelings. In fact, we typically leave the feelings (and dumbassery) for the children and the democrats.
So, with all that said, go sit in the fuckin truck the men here have work to do and you're just getting in the way.
Yeah I need a link. I tried to find their tax plan but no luck—this could potentially red pill my sister and brother in law. I’ve tried everything else haha
Biden has OPENLY said he will raise taxes even beyond the level they were at before Trump's tax cuts. He's also voted for every tax hike that he came across, for decades.
That`s why a state like CT has never before seen demand for R registrations.. enough to win it for Trump? probably not but a lot of people did the math..
In a way, "tax plan" doesn't matter. They are going to raise taxes 120% sure. Do you really think they are going to reduce tax?!? Do they have any intention to boost the U.S. economy? What is good for Globalist to implement policy to boost U.S. economy? Globalist is to shit out the manufacturing to China, shut down U.S. economy, and help justify more authoritarian government to control the flow of goods and services. How do you finance free health insurance for illegal immigrants get, providing free college of several millions?
What the fuck is a "$100k home?" No house costs that unless you're talking about a trailer home. AND EVEN THEN you're going to be hard pressed to find one in decent shape for that price.
I'm closing on a $100k house Friday. 1 1/2 story. 4 bed 2 bath. Large yard. Only downside single car garage... But that's what all that extra space in the back yard is for next year. New windows and siding (March) new roof (Sept). Needs a new back door to replace the original, but that's about it. $1000/yr property tax because it's a corner lot.
lol. You live in the north. You easily get a 2,000 sq. ft. home with four bedrooms, acre of land, for even less than that in the south. You're really gonna hate it to find out our property taxes are only $900 a YEAR too.
Not asking you to doxx yourself, but are you willing to say what state you’re in? I’m in Texas and have extensive experience with real estate and you can’t get that kind of sq footage for that price even in a dead small town, from what I’ve seen.
A facebook copy pasta that cant even tell you the page number? This has got to be a false flag so that libs can deny any accusations about Bidens tax plans.
The 3% tax on the value of my home would raise my taxes 12% to about 42%...
I already work one out of three hours for the government... getting pretty close to every other hour..
I think what that's saying there is, you get a standard deduction now at 28%, but Biden will do away with that where you'll have to pull out all the receipts again. The last time I had to do taxes, the best I could come up with in a good year was 25% deduction. I think that's where the 3% is coming from. I can be corrected on that, though.
1776 was over taxes
And central banking, no? (The less discussed part of the story)
And he didn't even sink the Titanic, it was an insurance job and they sank the sister ship.
Never heard this one. Any other info?
Basically the original ship they built was damaged a few times and it was a financial burden for the owners. So they built a brand new ship that was almost identical to the original that now had a clean title and history. They swapped the boats and sent the old one out to sink. They could now make an insurance claim and basically double up.
Thats the quick rundown of what i remember reading.
Apt username and yes this is the shit they don’t put into history books
The Boston Tea Party was for a 3% tax on tea.
Here's one thing I've found so far:
If this sounds in any way familiar, it's because the 28% itemized deduction threshold was championed by President Obama in the 2010s, as well as supported by his then-Vice President Joe Biden.
https://www.fool.com/taxes/2020/08/23/12-tax-changes-joe-biden-wants-to-make/
The 28% the Obama plan had included deduction of mortgage interest: https://www.fool.com/taxes/2013/04/11/how-the-obama-budget-would-change-your-taxes.aspx
The first and most obvious answer is that middle-class tax brackets would go up. Middle-class families by and large fall into the 12%, the 22%, or the 24% tax rates on the margin (that is, on their last dollar subject to income tax). If Biden gets his way, these tax brackets would rise to 15%, 25%, and 28% (respectively). https://www.washingtonexaminer.com/opinion/if-youre-in-the-middle-class-joe-biden-wants-to-raise-your-taxes
That equates to about $1,500 a year at 50k there.
This fact checker said the tax brackets wouldn't change https://checkyourfact.com/2020/10/16/fact-check-joe-biden-federal-property-tax-increase/, so now you have to decide if this "fact checker" who has no expertise in the area of taxes https://twitter.com/AtienzaElias or this guy who does have tax bonafides: https://twitter.com/ryanlellis is correct.
And as far as the claim about the Social Security part, that's true. Even left-wing Snopes agrees that it's true: https://www.snopes.com/fact-check/biden-tax-social-security-1983/
I remember this
All right. Found this that would make the claim largely correct. If I'm interpreting this correctly, a person making $50k a year would get $6,000 less per year. See if that's what it's saying to you too in Table 5:
https://taxfoundation.org/joe-biden-tax-plan-2020/
In addition, you would have the Obamacare mandate reinstated.
Here it shows that the 401k's are definitely going to be affected: https://www.foxbusiness.com/politics/biden-proposal-overhaul-401k-small-businesses-cut-benefits
I don't think the part of the 3% tax on home value is correct. I've never seen that. Besides, "40s, 50s, and 60's" just sounds suspicious. If anyone knows exactly where this claim is found in Biden's tax plan, I'd love to know. Because it needs to be shared widely if true (I just don't think it is).
It says it's found starting page 40. The property taxes in northern states are already like sacrificing your first born every year. This would be a monstrous add.
Fake until proven real
Provide a link or STFU
Chill, dude. We can discuss ideas here.
not if there are no facts or links to back it up. Put up the link or shut down the spam.
Then just go away, and it'll magically just disappear from your life. It's magic.
I skimmed. They're just saying what they'll spend on. All fluffy free stuff for people who deserve it - childcare, all sorts of crap, govt will replace gas vehicles with electric and create jobs as a result. No details on where they get the money from that I can find but I admit I got sick of even skimming it (I fully read through the first 20 pages or so before I wanted to hurl). e.g. middle of pg. 81, $50K student loan forgiveness for teachers - WOW. FREE EVERYTHING, including pre-K of course. Because the rest of public schooling is going so swimmingly.
Damn, I want a link to this. Seems the stuff I'm finding isn't pointing this out, but bundling it in some other top-level terms.
The lady that pointed this out on Parler is trying to get Bongino to cover it. With as much attention as it's getting on Parler, I believe he will.
These references you speak of are intentionally leaving out simple, linked references and your intent is to mislead and confuse people who aren't thinking skeptically. Keep playing dumb.
Fake and gay.
Need a link
liiiiiink
This tax on your house got snuck in with the obamacare abomination... to no ones surprise, the democrats are gonna stick with this massive new theft plan. Get these motherfuckers out of here.
Edit; it was proposed by the 0bama administration, as another funding mech for 'free' healthcare, I do not think they got it started yet. I do notice the democrats still think it's a peachy idea tho...
There was no 3% tax on your house every year in ObamaCare there was an extra tax if you sell your house and make over $250k it I remember correctly
Yeah. I kind of said that, I thought. It was floated during the dark days of obamacare, not implemented I guess.
I do find it interesting that democrats still talk about it. Motherfuckers never give up on an idea to squeeze more money out of productive citizens...
There is or was a 1.5% tax on all capital gains if you make over $250k in the Obamacare law
in commie denmark, taxes are totally out of control.
we have a basic tax rate of 50%, progressive top tax adds 15%. There are some mechanisms that CAN lower this to around 53% depending on circumstances.
we have 25% sales tax, and INSANE taxes on almost anything you can imagine.
for example on the total cost of electricity, 80% is taxes - this is of course paid for AFTER you already paid more than half in taxes.
Gasoline/Diesel is also taxed to hell.
Cars have taxes of up to 180% (and it even used to be higher)
Take it from someone who lives in a socialist hellhole, you do NOT want this to happen to your country. the USA is already totally fucked with taxes, but atleast it has not been given aids yet. I am telling you, YOU DO NOT WANT THAT TO HAPPEN!
That's why the Communists keep pushing those cheesy social programs on us, as an excuse to tax us more.
it is a massive uncontrollable beast. The more you get dependent on the handouts, the more votes you get. It is extremely difficult to break out of, I am not sure if it is even possible to do via voting. Nobody is simply willing to vote out the handouts they themselves get.
I urge everyone that reads this to do whatever they can to stop the communists from taking over, for you do not know what you have lost until it is gone.
I know. We got stuck with Social Security. Hopefully we'll be able to phase it out.
Is there a real Tax person that can confirm this?
CPA fag here. I've been looking high and low for the Biden tax plan and I haven't found it anywhere. I'm not disputing the numbers, but I want to see the plan for myself because some of the numbers and claims seem a little off.
How the fuck are some of these analysts breaking down Bidens tax plan?
Maybe it’s in the Green New Deal plan
Fuck Joe Biden but this is not accurate information
There's something to it.
then repost it when you find it. just reading through this you can tell a bunch of people have wasted their time looking for it and you're an asshole for being called out on your lack of source material but you STILL won't take down the post.
idk why you would post it in the first place if you haven't confirmed it to be true.
not cool dude. not cool.
You're still here and still whining? Do you do that a lot?
lmao i just spent about 7 seconds scrolling through that original thread and i was able to count TWELVE fucking comments from you trying to justify your unsourced FAKE NEWS as maybe having "something to it".
Just so we are clear, you look like a frothing at the mouth retard who doesn't know the difference between fact and fiction and even worse, you actually think there are people out there as fucking dumb as you are who will also eat fake news like its made of paint chips.
Furthermore, you STILL didn't provide any source information for your fake news article and kept commenting over and over about how "there's something to it". What is there that's "to it"? Is it something you feel but can't see? Because around here we do facts over feelings. In fact, we typically leave the feelings (and dumbassery) for the children and the democrats.
So, with all that said, go sit in the fuckin truck the men here have work to do and you're just getting in the way.
Oh, yeah, I remember you. You're the butthurt idiot that has a big, bruised ego. Still butthurt, obviously.
lay off the drugs dude
Did you find any facts up that arsehole of yours yet, or still looking? I know it's a really big crevice, but....
I live in Washington. In king county, there's no such thing as a house anywhere near 100k.
I will 100% lose my house and burger flippers will be able to afford it instead.
Fuck you straight to hell, never trumpers. This is exactly what you end up with when you're so fucking stupidly ignorant.
They don't mind though because those faggots don't work
Yeah I need a link. I tried to find their tax plan but no luck—this could potentially red pill my sister and brother in law. I’ve tried everything else haha
Biden has OPENLY said he will raise taxes even beyond the level they were at before Trump's tax cuts. He's also voted for every tax hike that he came across, for decades.
so basically anyone with a house is fucked.
actually everyone is fucked cause this will raise rent as well
That`s why a state like CT has never before seen demand for R registrations.. enough to win it for Trump? probably not but a lot of people did the math..
Their entire campaign is a lie
I can’t look democrats in the face anymore, they are too willfully ignorant for me to deal with. Family included!
If you have a decent full-time job, even a few years after college, you will be in this bracket.
In a way, "tax plan" doesn't matter. They are going to raise taxes 120% sure. Do you really think they are going to reduce tax?!? Do they have any intention to boost the U.S. economy? What is good for Globalist to implement policy to boost U.S. economy? Globalist is to shit out the manufacturing to China, shut down U.S. economy, and help justify more authoritarian government to control the flow of goods and services. How do you finance free health insurance for illegal immigrants get, providing free college of several millions?
I would love to read it but I can't find any biden tax proposals with 40 50 or 60 pages. I looked bc i saw this meme last night.
States will secede because of this tax plan. It will cripple the US and probably start a civil war
Just the fact alone that Biden is going to do away with fossil fuels will kill the US.
Stop trying to make Joe Biden happen.
It's not going to happen.
Huh?
I mean them.
I don't care what's in Joe Biden's tax plan, because it will never come before Congress.
(other than for memetic purposes, of course)
Do you have a link to this Parler account ?
What the fuck is a "$100k home?" No house costs that unless you're talking about a trailer home. AND EVEN THEN you're going to be hard pressed to find one in decent shape for that price.
I'm closing on a $100k house Friday. 1 1/2 story. 4 bed 2 bath. Large yard. Only downside single car garage... But that's what all that extra space in the back yard is for next year. New windows and siding (March) new roof (Sept). Needs a new back door to replace the original, but that's about it. $1000/yr property tax because it's a corner lot.
lol. You live in the north. You easily get a 2,000 sq. ft. home with four bedrooms, acre of land, for even less than that in the south. You're really gonna hate it to find out our property taxes are only $900 a YEAR too.
I just bought a 2k square foot home with a fenced in yard and garage for 55k. Quarter acre fenced in yard.
The monthly payment is like a couple expensive restaurant meals.
Not asking you to doxx yourself, but are you willing to say what state you’re in? I’m in Texas and have extensive experience with real estate and you can’t get that kind of sq footage for that price even in a dead small town, from what I’ve seen.
You can easily find a decent home for that price here in Texas.
Um, like where? I’ve lived in Austin, San Antonio and Dallas and you can’t get jack crap for 100k.
A facebook copy pasta that cant even tell you the page number? This has got to be a false flag so that libs can deny any accusations about Bidens tax plans.
The 3% tax on the value of my home would raise my taxes 12% to about 42%... I already work one out of three hours for the government... getting pretty close to every other hour..
I think what that's saying there is, you get a standard deduction now at 28%, but Biden will do away with that where you'll have to pull out all the receipts again. The last time I had to do taxes, the best I could come up with in a good year was 25% deduction. I think that's where the 3% is coming from. I can be corrected on that, though.
If someone could sort through this to confirm it would be great....
In the Netherlands you do that from 55K and up
Is this real? Big if true.