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View Full Version : it looks AKA_AAP and the 1% is getting a tax cut!


diamenz
11-16-2021, 06:30 PM
...thanks to the dems and their salt deduction as a part of the 'social infrastucture' bill IF it passes. with a price tag of 3 billion (for the salt deduction), it's the single largest cost within the bill. lower earners in the hundreds of thousands will benefit somewhat as well, but 90% of this goes to the top 1% of earners. middle class taxes COULD go up, as well as could child care costs.

...but the dems are the lesser of two evils! my ass. they're one in the same with republicans economically, they only truly differ when it comes to culture war issues. they all bow to the same donors.

https://pbs.twimg.com/media/FD8Xh5cX0AkqW6Z.jpg

https://www.washingtonpost.com/business/2021/11/16/second-biggest-program-democrats-budget-gives-billions-rich/

https://twitter.com/MarcGoldwein/status/1458910826069475329

https://www.youtube.com/watch?v=sRXqwOXou7o
FultzNationRISE
11-16-2021, 06:51 PM
What are ya gonna do about it, OP?
diamenz
11-16-2021, 06:57 PM
What are ya gonna do about it, OP?

i already did something about it.

...in addition to that, i have BIG plans. i'll be on the news someday, son. these people CAN be touched. you can thank me later.
FultzNationRISE
11-16-2021, 06:59 PM
i already did something about it.

...in addition to that, i have BIG plans. i'll be on the news someday, son. these people CAN be touched. you can thank me later.

Sounds good.

Let me know if there’s anything I can do.
bladefd
11-16-2021, 07:08 PM
How much does it cost? Who pushed it into the bill?
diamenz
11-16-2021, 10:23 PM
How much does it cost? Who pushed it into the bill?

3 billion.

corporate democrats.
Nanners
11-16-2021, 11:50 PM
The SALT cut is specifically designed to benefit the democrats donor base - aka high income (500k+) individuals that live in areas like NYC or SF that have very high state and local taxes.
bladefd
11-17-2021, 12:54 AM
3 billion.

corporate democrats.

3 billion dollars? The entire bill is 1,750,000,000,000 and you are concerned about 0.17% of it?
diamenz
11-17-2021, 07:59 AM
3 billion dollars? The entire bill is 1,750,000,000,000 and you are concerned about 0.17% of it?

my mistake - $285 billion. it's the second most expensive provision in the bill.
AKA_AAP
11-19-2021, 03:02 PM
I'm not quite at the income level to benefit from this. Getting close though, maybe in 2 years.

One thing that gets overlooked is that anyone is allowed to claim all sorts of tax deductions. And it's easy, especially under an LLC. Another thing that gets overlooked is how happy and quickly, if eligible, anyone will apply a deduction, even loser leftists like rrr3, bladefd, jasper, racistLegend32, axe. Or the few that actually work.

But like Nanners pointed out, this specific tax cut is to benefit certain donors of the democrat base.