this post was submitted on 15 Apr 2024
-72 points (7.1% liked)

Conservative

386 readers
46 users here now

A place to discuss pro-conservative stuff

  1. Be excellent to each other. Civility, No Racism, No Bigotry, No Slurs, No calls to violences, No namecalling, All that good stuff, follow lemm.ee's rules, follow the rules of your instance, etc.

  2. We are a Pro-Conservative forum. Posts must have a clear pro-conservative, or anti left-wing bias. We are interested in promoting conservatism and discussing things that might get ignored elsewhere. All sources are acceptable, however reputable sources with a reputation for factual reporting are preferred.

  3. Dissent is allowed in the comments, but try to be constructive; if you do not agree, then provide a reason which is backed up by references or a reasonable alternative interpretation of the provided facts. That means the left wing is welcome to state their opinions, but please keep it in good faith.

A polite request, not a rule, if you feel the need to report a comment, please don't reply to it.

founded 1 year ago
MODERATORS
[email protected]
[email protected]
[email protected]
-72
Here are the massive tax increases coming your way in a second Biden term (www.foxnews.com)
submitted 7 months ago by [email protected] to c/[email protected]
41 comments fedilink hide all child comments
 

Taxing unrealized gains would be unconstitutional.

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 23 points 7 months ago* (last edited 7 months ago) (2 children)

"coming your way". They are coming to corporations. The conservatives are trying to spin that these tax increases to corporations will just be passed on to consumers, like that's our problem.

Households bear the burden of the corporate income tax in the form of higher prices and slower wage growth. Companies do not simply absorb the tax, it is passed on to all of us.

Yeah like not taxing the rich is definitely lowering prices. Suddenly conservatives don't like the free market so much. They want you to forget that we're fine with them increasing the prices, they've increased them so much someone else will start becoming cheaper, and that's what they don't want.

[–] [email protected] 3 points 7 months ago

"coming your way". They are coming to corporations. The conservatives are trying to spin that these tax increases to corporations will just be passed on to consumers, like that's our problem.

Households bear the burden of the corporate income tax in the form of higher prices and slower wage growth. Companies do not simply absorb the tax, it is passed on to all of us.

Yeah like not taxing the rich is definitely lowering prices. Suddenly conservatives don't like the free market so much. They want you to forget that we're fine with them increasing the prices, they've increased them so much someone else will start becoming cheaper, and that's what they don't want.

Theyre also hoping you don't click on Trumps tax plan. Trump is whining his super plan is going to expire, but that plan was for the rich

Enacted by former President Donald Trump in 2017, the law drastically overhauled the nation's tax code, including reducing the top individual income tax bracket to 37% from 39.6% and nearly doubling the size of the standard deduction.

[–] [email protected] 1 points 7 months ago

Exactly. They're paying substantially lower taxes now, but they keep raising prices. They will never pass savings on to consumers, only expenses.