Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Money and Finances
Reply to "Biden tax proposals - MFJ"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]well here is your answer: https://www.cnbc.com/2021/03/18/biden-tax-plan-what-people-making-under-and-over-400000-can-expect.html "She clarified on Wednesday that the $400,000 threshold applies to families, not individuals. Consequently, individuals who make $200,000 could be affected if they are married to someone who earns that same amount, for example." This is really annoying. Why in the world does the government go after working class families. I know I will get crap for saying this but come on 400k in DC is not rich, NOR are they the problem. Two high level feds and some investment income gets you to 400k..are they really wealthy? Politicians need to get over this weird infatuation with 200k and rich. yeah maybe 20 years ago.. Why don't they focus on the truly wealthy (1M indiv, 2M MFJ for example) and stop going after mid level professionals.. rant over[/quote] Because there very very few of those people out there, so there's not as much revenue to be had, and their income tends to come from sources that can be manipulated for tax purposes (i.e. closely held business income, rental and real estate income, various forms of executive comp) so they can make it look as if they actually have lower incomes if they need to.[/quote] In a perfect world they could differentiate between high cost of living areas and the boonies. 400k in DC is vastly different than 400k in Nebraska. The mortgage industry makes it work! For ex: in areas like DC, NYC, LA, Seattle, SF they could increase the income thresholds to 600k or whatever metric they do. I'm sure people will think this is a logistical nightmare but it's really not that difficult. Create HCOL zip codes and connect them to the taxpayer and their withholding amounts. [/quote] The data is certainly out there but there's a zero chance of this ever happening. [/quote] One could dream that our government utilizes technology to become more efficient and fair![/quote] look at the budget- are you defaulting on debt or cutting medicare, veterans benefits, social security payments or the DOD? The rest of the budget might as well not exist compared to those expenses [/quote] Cut DoD Cut SS/Medicare for Highly affluent. No reason my grandparents who have 50M+ need any SS or Medicare. Increase VA spending and increase SS/Medicare for low income I would love to be able to opt out of SS, If they offered me the option to pay 50% of the SS tax and opt out of receiving benefits 30 years from now (and not susceptible to any SS/Medicare taxes), I would take that in a heart beat. [/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics