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Biden’s economy
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Anonymous
“People earning less than 250k would be barred from Roth IRAs in any form under Biden’s plan, according to NAPA.” |
Anonymous
+1, they're also paying sales tax, property tax (if they own or by proxy someone else's if they rent), excise taxes, payroll taxes on Social Security. https://www.cbpp.org/research/misconceptions-and-realities-about-who-pays-taxes Most of the people who pay neither federal income tax nor payroll taxes are low-income people who are elderly, unable to work due to a serious disability, or students, most of whom subsequently become taxpayers. Moreover, even these figures greatly understate low-income households’ total tax burden because these households also pay substantial state and local taxes. Data from the Institute on Taxation and Economic Policy show that the poorest fifth of households paid a stunning 12.3 percent of their incomes in state and local taxes in 2011.[7] So you want to tax Grandma on her social security benefits? That's the "free ride" you're looking to support? Failure. Oh, and that rate of 12.3% of their income is much, much higher than most billionaires because they simply borrow against appreciating assets and don't get taxed on that "income" and then, get to transfer those assets via step up to the next generation tax free upon death. So yeah, maybe you need to do some research before spouting off ignorance. |
Anonymous
Remember TARP? Remember PPP loans? Who did that help? I guess you only care about "loan forgiveness" when it isn't for the rich. |
Anonymous
Ivy League graduates with master’s degrees ARE the rich, sweetie. |
Anonymous
The GOP wants to do away with the current income tax regime and replace it with a national VAT tax that is highly regressive. The average middle class family of 4 would pay an additional $5,500 per year. |
Anonymous
Oh sweetie, those aren't the ones getting "student loan forgiveness". If you even did some basic research, you'd understand this: https://www.forbes.com/sites/adamminsky/2024/07/11/student-loan-forgiveness-could-begin-this-october-under-new-biden-plan/ |
Anonymous
They aren't getting a free ride, they pay social security and medicare, they pay property tax through their rent checks, they pay sales tax on anything purchased, etc. That said, you seem to care more about the pennies these folks could offer and completelt disregard the corporate and agriculture subsidies and other corporate welfare that costs our country far more than providing a social safety net. |
Anonymous
That isn't who is getting loan forgiveness, but keep staying angry at false information. |
Anonymous
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Biden’s economy is working well for me and my neighbors. We’re all voting Democrat, whether Biden is on the ticket or not.
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Anonymous
Uhhh, HALF the country pays no income taxes. Why are you importing more poverty? We're breaking down and it's like you're trying to destroy us. Correct me if I'm wrong. |
Anonymous
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Retail sales were flat in June, defying Wall Street's prediction of a decline amid signs of slowing in the US economy.
Economists had expected a 0.3% decline in spending, according to Bloomberg data. Meanwhile, retail sales in May were revised higher to an increase of 0.3%, from a prior reading of 0.1%, according to Census Bureau data. June sales, excluding auto and gas, increased by 0.8%, above consensus estimates for a 0.2% increase. The control group in Tuesday's release, which excludes several volatile categories and factors into the Gross Domestic Product reading for the quarter, increased 0.9% in June, above estimates for a 0.2% increase. Biden will have fixed the economy Trump destroyed only to have Trump take it again and destroy it even more with isolationism and tariffs. |