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Biden Does not Understand Taxes

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Posted By: Hazymac, 4/30/2024 9:02:33 AM

Biden is again on a tax-raising rampage. He proposes to increase income taxes by nearly $5 trillion for corporations. Increasing the corporate income tax rate to 28% (from 21%) will be a great driver of negative effects on the U.S. economy, reducing long-run GDP by 0.9%, the capital stock by 1.7%, wages by 0.8%, and full-time jobs by 192,000. Additionally, Biden's new tax proposals include increasing the recently enacted corporate alternative minimum tax rate from 15% to 21% and denying business deductions for employee compensation above $1 million. Biden proposes an increase of the corporate income tax that's a higher tax rate than in communist

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Reply 1 - Posted by: plomke 4/30/2024 9:08:51 AM (No. 1708867)
Who is this Biden you speak of??? Do you mean the non compos mentis animated corpse installed in the Whitehouse or his drug addled son,Hunter, or maybe the mythical Beau,who singlehandedly saved humanity from...whatever...you know...the thing...
15 people like this.

Reply 2 - Posted by: anniebc 4/30/2024 9:11:19 AM (No. 1708870)
They need more of our money to fund their transfer to complete tyranny. I've been saying for years that we're funding our own destruction, and finally, I heard a Congresswoman confirm it on PBD. She said it started with the great community organizer himself; he started and has continued to fund NGOs, aka community organizers, when he was squatting in our WH. You know both his elections were also stolen, but I digress. Everybody thinks Soros is funding every subversive thing in America, but we are Soros; we're funding them. Our shifty little congress critters are doing nothing about it. Maria B. started it for us when she called out Jim Jordan; we need to let him and others know we are on to their game, and we're done being played.
12 people like this.

Reply 3 - Posted by: smokincol 4/30/2024 9:23:25 AM (No. 1708878)
"Biden Does not Understand Taxes" - of course not because if you've never paid taxes there is no way you can understand what a tax payment is or at the worst .... a tax assessment ... or a tax penalty ... or a garnishment that's when things get really uncomfortable
10 people like this.

Reply 4 - Posted by: BeatleJeff 4/30/2024 9:44:21 AM (No. 1708889)
Biden is representative of our current political class who believe that conning a bunch of morons into voting them into office makes them the foremost experts on everything, when in fact they know absolutely nothing about anything. And as a result of messing with things they know nothing about, they screw up everything they touch. Biden is especially stupid, which explains why the entire world is on fire under his watch.
15 people like this.

Reply 5 - Posted by: FormerDem 4/30/2024 10:02:52 AM (No. 1708906)
These ideas are terrible. They are stupid. They are going nowhere. Whoever suggested them, Obama or whoever, is a dolt and a failure.and a ruin.
7 people like this.

Reply 6 - Posted by: ARKfamily 4/30/2024 10:09:19 AM (No. 1708914)
Neither did Obama. . .
8 people like this.

Reply 7 - Posted by: downnout 4/30/2024 10:17:10 AM (No. 1708918)
I want to restrict the amount of money paid to ex-presidents. How about a pension that reflects the average social security payment and cutting off all the millions for office, staff , and secret service protection. Our so- called public servants make more than enough money to live quite comfortably when they eventually retire.
10 people like this.

Reply 8 - Posted by: privateer 4/30/2024 10:41:35 AM (No. 1708936)
Idjit Joe says: there is no amount of your money we won't spend to buy votes of the proletariat that will insure we remain in complete control forever.
6 people like this.

Reply 9 - Posted by: mc squared 4/30/2024 10:44:25 AM (No. 1708937)
There must be SOMEONE in the WH who understands how changing tax rates works. This is intentional, possibly to damage the next president.
4 people like this.

Reply 10 - Posted by: franq 4/30/2024 11:15:32 AM (No. 1708952)
His stupid followers won't understand either.
4 people like this.

Reply 11 - Posted by: DVC 4/30/2024 11:33:17 AM (No. 1708962)
Joe was always stupid. Always. And now he'd stupid and demented.
4 people like this.

Reply 12 - Posted by: rytwng 4/30/2024 11:49:25 AM (No. 1708974)
Lock the moron Biden in the Hamilton building with those other morons.
3 people like this.

Reply 13 - Posted by: JimBob 4/30/2024 10:49:44 PM (No. 1709475)
Agree that the HairSniffer is stupid..... and crooked..... and senile. But his HANDLERS KNOW that raising taxes reduces economic activity and will result in LESS money being paid to the Government, and thus increasing the deficit. Which is the whole point. They are following Lenin's directive: "The most effective way to attack the Capitalist State is to debauch the currency." They are not stupid. They are EVIL!
0 people like this.

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