- People earning $1 million would pay 43.4% with Obamacare levy
- Total tax rates for New Yorkers, Californians could top 50%
- People earning $1 million would pay 43.4% with Obamacare levy
- Total tax rates for New Yorkers, Californians could top 50%
This is interesting considering the highest tax bracket is 37%. The investment income tax is 3.8% on investment income of couples that have AGI of over $250,000. Most investment income is qualified dividends and long term capital gains. Which has a favorable tax rate of 15% or 20%. As usual Mr. Top is spreading misinformation.
So 37% on ordinary income. 23.8% on dividends and Cap Gains. Don't see how this mixed average equals 43.4%. It's a lie!
do you need the money to subscribe to bloomberg?
Why would I want that if it's full of misinformation. Trump took away tax cuts for the Blue states like California and N.Y. Notice how the Trump humper didn't mention the Blue State Trump L:evy?
Bloomberg gives you finance CNN let's you know what the stars are wearing that day
3% of the women in USA are Black, they account for 51% of the abortions in USA, the left is responsible for the holocaust
I got a horse for you two today. The #1 in the 5th at SA.
I got a horse for you two today. The #1 in the 5th at SA.
it will be more like 95% will pay the bill and the rest will get away without paying the bill that is coming
3% of the women in USA are Black, they account for 51% of the abortions in USA, the left is responsible for the holocaust
Scumbag Biden Supporting Fake News Outlets, Never Report Facts.
It doesn't look like these comments reconcile with the proposals you're trafficking. Keyword proposal. Another keyword word is only .32% have AGI over 1 million. Why are you using this nonsense to fuck with everyone. We could simply watch Fox News if we wanted to hear fear mongering?
Doesn't matter, the CA counties are filthy rich from the property tax revenue. Every time
a house is sold they re-assess the property for mo money, mo money.
It always amazes me this is how some GOP members get votes. 80% of the people who voted for GOP candidates because of taxes will NEVER make a million in a year in their lifetimes and they know it. But Biden is a communist and this infringes on their freedom. Just comical.
one of the biggest scams going
Tax wealth. Real rich people don't need income. You could tax billionaires 100% income and they will laugh in your Big Dummy face.
It always amazes me this is how some GOP members get votes. 80% of the people who voted for GOP candidates because of taxes will NEVER make a million in a year in their lifetimes and they know it. But Biden is a communist and this infringes on their freedom. Just comical.
Joe won't raise taxes for people making 200k or more
now he will just take the trump tax cuts away..... so everyone gets taxed...LOL
keeps moving the goal post
first Joe won't raise taxes for people making 200k or more
now he will just take the trump tax cuts away..... so everyone gets taxed...LOL
keeps moving the goal post
I just finished a tax return where the taxpayers had $115,000 in Salt expenses. Before Trump they were able to write off 100% of the $115,000. After Trump's tax cuts for the richest individuals and the biggest corps these taxpayers were only allowed a $10,000 writeoff. Their taxes were higher after the so called Trump tax cuts for everyone. LOL
In other news due to the Trump tax cuts for the richest individuals and biggest corps:
In 2020 alone, Nike recorded pre-tax income of $2.9 billion, yet it paid no federal income tax, the analysis found. Instead, it got a tax rebate of $109 million. FedEx received a rebate of $230 million on pretax income of $1.2 billion last year.Apr 2, 2021.
Nike and FedEx haven't paid federal income tax in three years ...
55 massive corporations like nike paid $0 federal tax in 2020 ...
I understand that the corp. pay no tax... however they give out jobs to people. Tax code should be redone agree... this does not take away joe walking back what he said
I just finished a tax return where the taxpayers had $115,000 in Salt expenses. Before Trump they were able to write off 100% of the $115,000. After Trump's tax cuts for the richest individuals and the biggest corps these taxpayers were only allowed a $10,000 writeoff. Their taxes were higher after the so called Trump tax cuts for everyone. LOL
In other news due to the Trump tax cuts for the richest individuals and biggest corps:
In 2020 alone, Nike recorded pre-tax income of $2.9 billion, yet it paid no federal income tax, the analysis found. Instead, it got a tax rebate of $109 million. FedEx received a rebate of $230 million on pretax income of $1.2 billion last year.Apr 2, 2021.
Nike and FedEx haven't paid federal income tax in three years ...
55 massive corporations like nike paid $0 federal tax in 2020 ...
Lol come on, nothing ever gets negotiated in your world? We all know Manchin says sorry can't support that and it gets tossed out.
[QUOTE="MrTop, post: 7705490, member: 33783"]my taxes go up every time a dem gets in office... always did
https://tradingeconomics.com/united-states/corporate-tax-rate
FACT SHEET: CORPORATE TAX RATES
Key Facts
- Corporate share of federal tax revenue has dropped by two-thirds in 60 years — from 32% in 1952 to 10% in 2013.
- General Electric, Boeing, Verizon and 23 other profitable Fortune 500 firms paid no federal income taxes from 2008 to 2012.
- 288 big and profitable Fortune 500 corporations paid an average effective federal tax rate of just 19.4% from 2008 to 2012.
- Profitable corporations paid U.S. income taxes amounting to just 12.6% of worldwide income in 2010.
- U.S. corporations dodge $90 billion a year in income taxes by shifting profits to subsidiaries — often no more than post office boxes — in tax havens.
- U.S. corporations officially hold $2.1 trillion in profits offshore — much of it in tax havens — that have not yet been taxed here.
Mine went up after Trump lower taxes for the very rich and raised my taxes. I can no longer take personal exemptions or deductions for state and local property taxes or unreimbursed property taxes. You seem to think everything is black and white. But it's obviously not the case. Look around don't always assume what happens to you happens to everyone. Very selfish mindset!!!
i don't care if they go up or down... but don't say 400k couples and move the posts.. also the donald talking bad about bitcoin but the banks are putting it their software ...huh ?
Donald? You mean Pinocchio. Remember when he was selling his tax cuts where 90% were going to the richest Americans and foreign investors? He actually said "my rich friends are mad at me because their taxes aren't going down..
Silence from Republicon Mr. Top as Pinocchio was selling his tax cuts for the richest as a middle class tax cut that will hurt rich people like himself.
ST. CHARLES, Mo. — President Trump flew to Missouri on Wednesday to talk about tax cuts lifting Main Street and the middle class. But he kept getting sidetracked by repeating unfounded claims that the tax bill poised to pass the Senate would hurt rich people, himself included.
“This is going to cost me a fortune, this thing, believe me,” Mr. Trump said, in the midst of a frequently meandering 45-minute speech to a festive crowd of 1,000. Then he invoked Senator Chuck Schumer of New York, the Democratic leader. “This is not good for me. Me, it’s not so — I have some very wealthy friends. Not so happy with me, but that’s OK. You know, I keep hearing Schumer: ‘This is for the wealthy.’ Well, if it is, my friends don’t know about it.”
Mr. Trump went on to promise to sign the bill, and to vow that, if passed, it would reduce taxes by $2,000 a year for a family of four with a $75,000 annual income. A few moments later, Mr. Trump was back talking about the rich, and about his own taxes going up.