Anonymous wrote:This is what is wrong, IMO. DH and I are taxed out of half of our paychecks, while billionaires pay nothing! This is how, no matter the party, they screw us in the middle. Half of my paycheck is going to taxes, and no, it is not ok when the millionaires and billionaires pay nothing.
And then, I had to pay full in-state tuition for my kids, who did not even qualify for any aid from BCS. We don't earn that little, but we sure could not afford full rides, either. If my kids were allowed to take student loans, they would have been forgiven now. But they were not allowed to have that option.
No, it is not better for me under republicans because it is all the same for me, no relief ever. I don't qualify for any housing aid, meal programs, or student financial aid, but I sure can't afford an SFH that is the median price for the DMV.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Funny thread.. All the eco warriors and LGBTQABCD warriors suddenly want to vote for Trump because their taxes go up a smidge. More than likely she won't have congressional support for most of these proposals and will end up with something rather tame.. much like the pathetic gun control legislation we normally get. So, chill.

If it really ends up being as bad as OP's propaganda, pay up. If you make $400K+, you are afford to. It will still be progressive.

I really hate the "you can afford it" crowd. Makes me even more determined to vote red. And I am pro choice, pro LGBTQ, pro environment. But the biggest impact that politics has on me, personally, is how much of MY money that I use to care for MY loved ones are they going to take. So I hold my nose and vote Republican. I always say, if Republicans would drop their stupid social platforms, they'd be the perfect party. And so would Dems, if they would drop the revolting "you can afford it" + "fair share" BS that disincentivizes hard work and productivity and encourages laziness and hands out.

Your kids must love you. F them as long as you get yours, am I right?

Anonymous wrote:

Anonymous wrote:Funny thread.. All the eco warriors and LGBTQABCD warriors suddenly want to vote for Trump because their taxes go up a smidge. More than likely she won't have congressional support for most of these proposals and will end up with something rather tame.. much like the pathetic gun control legislation we normally get. So, chill.

If it really ends up being as bad as OP's propaganda, pay up. If you make $400K+, you are afford to. It will still be progressive.

I really hate the "you can afford it" crowd. Makes me even more determined to vote red. And I am pro choice, pro LGBTQ, pro environment. But the biggest impact that politics has on me, personally, is how much of MY money that I use to care for MY loved ones are they going to take. So I hold my nose and vote Republican. I always say, if Republicans would drop their stupid social platforms, they'd be the perfect party. And so would Dems, if they would drop the revolting "you can afford it" + "fair share" BS that disincentivizes hard work and productivity and encourages laziness and hands out.

Anonymous wrote:Funny thread.. All the eco warriors and LGBTQABCD warriors suddenly want to vote for Trump because their taxes go up a smidge. More than likely she won't have congressional support for most of these proposals and will end up with something rather tame.. much like the pathetic gun control legislation we normally get. So, chill.

If it really ends up being as bad as OP's propaganda, pay up. If you make $400K+, you are afford to. It will still be progressive.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We earn less than 300k/year and there are multiple tax increases that would apply to us (married filing jointly) in her plan. That’s the #1 reason I am voting for Trump after voting for Biden in 2020.

Which ones?

Also you are going to get smacked when the Trump tax cut expire next year. You realize these proposals are intended to help extend those cuts?

Harris is planning to let the Trump tax cuts of 2017 expire to replace them with tax hikes.

Listen to her in her own words explain how she is planning to extend the low income housing tax credit program (a Congressional allocation) to developers of her choosing who will sell homes to chosen demographics in a bid, in her own words, to hike property tax revenues nationwide. She responded this way (although with more rambling) to a recent reporter question. Google around and find it. When I saw it, it was on Sky News.

This is true. She wants to promote low income housing nationwide, which means higher property taxes for everyone since most of the low-income free riders consume more local resources than they contribute in property taxes.

Stop lying and read better news sources. You aren’t citing anything to back up these claims.

What is with you Trump supporters? Are you taking a page from his handbook where you think it’s ok to spew lies and think no one will refute them?

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Their idea of high earners isn't location specific (COL is vastly diff in diff locations) or adjusted for inflation or considers 1 income households vs 2 income households (childcare exp. etc). It's simply stupid to consider 2 income household in a VHCOL area earning 400K to be "rich" or high earner anything. Likewise their poverty line is absolutely ridiculous and out of touch. I have no issue with slamming more brackets at HHI over 1 mil or taxing capital gains beyond a certain amount (like 1 mil in passive capital gains) at higher rate. But their limits on what they consider any type of "wealth" or excess are absolutely ridiculous.

It’s $400k in taxable income. So probably $600k or so in actual income. That is a high earner even in a VHCOL area.

+1. People seem to really struggle with this concept.

Tell me what deductions people can create to reduce 600K earned income to 400K?

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Harris’s tax plan includes a tax on unrealized capital gains. That’s a huge tax hike on everyone with an IRA, 401k, or brokerage account. People who aren’t rich also have these accounts and will owe this new tax under her plan.

This is only for people with $100 million in wealth, and even then only a subset of them: https://www.axios.com/2024/08/23/kamala-harris-unrealized-capital-gains-tax

It won't stop there and it will begin to impact normal people. This threshold will get lower overtime and it will eventually be used to take money from almost everyone that is not broke. The income tax used to only apply to super rich people when it came out and now almost everyone pays it. Also, the fact that the tax is explicitly tied to a specific level of wealth probably makes the tax unconstitutional at the federal level. Taxing unrealized gains is no necessarily unconstitutional, but an unrealized gain tax conditional on net worth is likely illegal.

Fearmongering. The thresholds will only change if Congress votes to do that. Going from $100M to $1M (which still misses the vast majority of Americans) is a huge shift. It’s not just going to happen.

And this is all missing the bigger point. The US is running a deficit and has a huge debt. Do you really want to keep your taxes low so that your kids have a collapsing government? Or do you want to raise taxes so they don’t end up dealing with our problem? Republicans have an aversion to any and all taxes but never make the difficult cuts to spending so just make the problem worse. At least Harris is trying to fix things.

I’m for cutting all spending, and reducing taxes. Reduce military spending (13 percent of budget, 820 billion), economic security programs (which is about 8 percent of the budget-550 billion), and audit and make more stringent the benefits for veterans, as many lie and hoodwink the system to collect a tax free check for the rest of their lives (7 percent of budget, 481 billion). With those reductions we can really start paying down the debt, and getting us to a point where we can reduce taxes for all citizens.

Just like in your everyday lives, if you have a credit card bill or loan that is eating up a lot of interest, you don’t go spend more. You cut back on spending and pay the bill off or it will get worse in the long term. We need to stop spending, and stop thinking that we can continue to squeeze everyone to pay for spending on failed policies/programs that just lead to more spending.

Anonymous wrote:

Anonymous wrote:Harris’s tax plan includes a tax on unrealized capital gains. That’s a huge tax hike on everyone with an IRA, 401k, or brokerage account. People who aren’t rich also have these accounts and will owe this new tax under her plan.

This would apply to households worth > $100 million. Are you really worried, pp, or just fear mongering?

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Harris’s tax plan includes a tax on unrealized capital gains. That’s a huge tax hike on everyone with an IRA, 401k, or brokerage account. People who aren’t rich also have these accounts and will owe this new tax under her plan.

This is only for people with $100 million in wealth, and even then only a subset of them: https://www.axios.com/2024/08/23/kamala-harris-unrealized-capital-gains-tax

It won't stop there and it will begin to impact normal people. This threshold will get lower overtime and it will eventually be used to take money from almost everyone that is not broke. The income tax used to only apply to super rich people when it came out and now almost everyone pays it. Also, the fact that the tax is explicitly tied to a specific level of wealth probably makes the tax unconstitutional at the federal level. Taxing unrealized gains is no necessarily unconstitutional, but an unrealized gain tax conditional on net worth is likely illegal.

Fearmongering. The thresholds will only change if Congress votes to do that. Going from $100M to $1M (which still misses the vast majority of Americans) is a huge shift. It’s not just going to happen.

And this is all missing the bigger point. The US is running a deficit and has a huge debt. Do you really want to keep your taxes low so that your kids have a collapsing government? Or do you want to raise taxes so they don’t end up dealing with our problem? Republicans have an aversion to any and all taxes but never make the difficult cuts to spending so just make the problem worse. At least Harris is trying to fix things.

Anonymous wrote:$400k isn’t what it used to be with inflation. That price needs to be $600k

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Harris’s tax plan includes a tax on unrealized capital gains. That’s a huge tax hike on everyone with an IRA, 401k, or brokerage account. People who aren’t rich also have these accounts and will owe this new tax under her plan.

This is only for people with $100 million in wealth, and even then only a subset of them: https://www.axios.com/2024/08/23/kamala-harris-unrealized-capital-gains-tax

It won't stop there and it will begin to impact normal people. This threshold will get lower overtime and it will eventually be used to take money from almost everyone that is not broke. The income tax used to only apply to super rich people when it came out and now almost everyone pays it. Also, the fact that the tax is explicitly tied to a specific level of wealth probably makes the tax unconstitutional at the federal level. Taxing unrealized gains is no necessarily unconstitutional, but an unrealized gain tax conditional on net worth is likely illegal.

Anonymous wrote:

Anonymous wrote:Harris’s tax plan includes a tax on unrealized capital gains. That’s a huge tax hike on everyone with an IRA, 401k, or brokerage account. People who aren’t rich also have these accounts and will owe this new tax under her plan.

This is only for people with $100 million in wealth, and even then only a subset of them: https://www.axios.com/2024/08/23/kamala-harris-unrealized-capital-gains-tax

Anonymous wrote:Harris’s tax plan includes a tax on unrealized capital gains. That’s a huge tax hike on everyone with an IRA, 401k, or brokerage account. People who aren’t rich also have these accounts and will owe this new tax under her plan.

Anonymous wrote:Harris’s tax plan includes a tax on unrealized capital gains. That’s a huge tax hike on everyone with an IRA, 401k, or brokerage account. People who aren’t rich also have these accounts and will owe this new tax under her plan.