March 31, 20214 yr 35 minutes ago, caesar said: It depends on how much doesn't it? If your taxes go up $3.48 -- will you really notice? That's what I'm talking about. People always whine about tax changes -- but if you look at the bottom line, it rarely is significant such that there life is impacted. Now I was highly impacted by Trump and his nonsense with taxes. I ended up ordering less take out -- so Dasher drivers suffered. Well, people who know the proper use of their vs. there tend to make enough money that the impact is more than $3.48. 31 minutes ago, caesar said: Why can't we try stuff and just see what happens instead of stopping it before it gets out of the gate? Not all of your predictions will necessarily come true. If raising corporate taxes ends up being so bad -- then we'll turn it back? You do know that taxes change all the time -and were way higher for corporations in the 50s and 60s (and life as we know it still existed). In fact, the middle class did way better back then (for many reasons though). This is the dumbest thing I have ever read. Congratulations. We don't know that increasing costs will lead to a company raising prices? Yeah...we do, based on all of recorded economic history, human behavior and basic logic. 29 minutes ago, caesar said: I'm saying that Vikas and you won't notice a few dollars more in taxes. The question is not higher taxes are bad -- the question is HOW HIGH? If its $3.00 - who cares. If its $5,000, okay that's bad. It is just knee jerk to say no more taxes. The fact is, our infrastructure is failing -- we need to raise that $$$ some how. Everyone thinks they are Nostradamus with any new law (taxes or otherwise). Sometimes maybe we should just see what happens instead of crying in advance. How do you have any clue what I will notice. Why don't you set an example and pay more?
March 31, 20214 yr 4 minutes ago, vikas83 said: Well, people who know the proper use of their vs. there tend to make enough money that the impact is more than $3.48. This is the dumbest thing I have ever read. Congratulations. We don't know that increasing costs will lead to a company raising prices? Yeah...we do, based on all of recorded economic history, human behavior and basic logic. How do you have any clue what I will notice. Why don't you set an example and pay more? C'mon dude. Ceaser is a man of the people and he knows what's best for you. You're just a rich sandwich eater with too many sandwich makers at your disposal.
March 31, 20214 yr 12 minutes ago, DrPhilly said: C'mon dude. Ceaser is a man of the people and he knows what's best for you. You're just a rich sandwich eater with too many sandwich makers at your disposal. Amazingly, I don't eat sandwiches. I avoid bread. Meat and vegetables FTW.
March 31, 20214 yr 10 minutes ago, vikas83 said: Amazingly, I don't eat sandwiches. I avoid bread. Meat and vegetables FTW. Protein style sammies
March 31, 20214 yr Author Damn, Joe! All this winning is going to hurt! Quote Biden unveils massive $2 trillion infrastructure plan, proposed tax hikes to pay for it WASHINGTON -- President Joe Biden wants $2 trillion to reengineer America's infrastructure and expects the nation's corporations to pay for it. The president travels to Pittsburgh on Wednesday to unveil what would be a hard-hatted transformation of the U.S. economy as grand in scale as the New Deal or Great Society programs that shaped the 20th century. White House officials say the spending over eight years would generate millions of new jobs as the country shifts away from fossil fuels and combats the perils of climate change. It is also an effort to compete against the technology and public investments made by China, the world's second-largest economy and fast gaining on the United States' dominant position. White House press secretary Jen Psaki said the plan is "about making an investment in America - not just modernizing our roads or railways or bridges but building an infrastructure of the future." Biden's choice of Pittsburgh for unveiling the plan carries important economic and political resonance. He not only won Pittsburgh and its surrounding county to help secure the presidency, but he launched his campaign there in 2019. The city famed for steel mills that powered America's industrial rise has steadily pivoted toward technology and health care, drawing in college graduates from western Pennsylvania in a sign of how economies can change. The Democratic president's infrastructure projects would be financed by higher corporate taxes - a trade-off that could lead to fierce resistance from the business community and thwart any attempts to work with Republicans lawmakers. Biden hopes to pass an infrastructure plan by summer, which could mean relying solely on the slim Democratic majorities in the House and the Senate. The White House says the largest chunk of the proposal includes $621 billion for roads, bridges, public transit, electric vehicle charging stations and other transportation infrastructure. The spending would push the country away from internal combustion engines that the auto industry views as an increasingly antiquated technology. Another $111 billion would go to replace lead water pipes and upgrade sewers. Broadband internet would blanket the country for $100 billion. Separately, $100 billion would upgrade the power grid to deliver clean electricity. Homes would get retrofitted, schools modernized, workers trained and hospitals renovated under the plan, which also seeks to strengthen U.S. manufacturing. The new construction could keep the economy running hot, coming on the heels of Biden's $1.9 trillion coronavirus relief package - economists already estimate it could push growth above 6% this year. Separately, Biden will propose in the coming weeks a series of soft infrastructure investments in child care, family tax credits and other domestic programs, another expenditure of roughly $2 trillion to be paid for by tax hikes on wealthy individuals and families, according to people familiar with the proposal. Funding the first $2 trillion for construction and "hard" infrastructure projects would be a hike on corporate taxes that would raise the necessary sum over 15 years and then reduce the deficit going forward, according to a White House outline of the plan. Biden would undo the signature policy achievement of the Trump administration by lifting the corporate tax rate to 28% from the 21% rate set in a 2017 overhaul. To keep companies from shifting profits overseas to avoid taxation, a 21% global minimum tax would be imposed. The tax code would also be updated so that companies could not merge with a foreign business and avoid taxes by moving their headquarters to a tax haven. And among other provisions, it would increase IRS audits of corporations. White House officials led by National Economic Council Director Brian Deese offered a private briefing Tuesday for top lawmakers in both parties. But key GOP and business leaders are already panning the package. "It seems like President Biden has an insatiable appetite to spend more money and raise people's taxes," Rep. Steve Scalise of Louisiana, the GOP whip, said in an interview. Scalise predicted that, if approved, the new spending and taxes would "start having a negative impact on the economy, which we're very concerned about." The business community favors updating U.S. infrastructure, but it dislikes higher tax rates. An official at the U.S. Chamber of Commerce who insisted on anonymity to discuss the private talks said the organization fears the proposed tax hikes could undermine the gains from new infrastructure. The Business Roundtable, a group of CEOs, would rather have infrastructure funded with user fees such as tolls. Pittsburgh is a series of steep hills and three intersecting rivers. Its steel mills once covered the sky in enough soot that men needed to take spare white shirts to work because their button downs would turn to gray by lunch. Only last year the city, amid the coronavirus pandemic, met Environmental Protection Agency standards for air quality, even though it is increasingly the home of tech and health care workers with college degrees. Infrastructure spending usually holds the promise of juicing economic growth, but by how much remains a subject of political debate. Commutes and shipping times could be shortened, while public health would be improved and construction jobs would bolster consumer spending. Standard & Poor's chief U.S. economist, Beth Ann Bovino, estimated last year that a $2.1 trillion boost in infrastructure spending could add as much as $5.7 trillion in income to the entire economy over a decade. Those kinds of analyses have led liberal Democrats in Congress such as Washington Rep. Pramila Jayapal to conclude Tuesday, "The economic consensus is that infrastructure pays for itself over time." But the Biden administration is taking a more cautious approach than some Democrats might like. After $1.9 trillion in pandemic aid and $4 trillion in relief last year, the administration is trying to avoid raising the debt to levels that would trigger higher interest rates and make it harder to repay. Psaki said Tuesday that Biden believes it's "the responsible thing to do" to pay for infrastructure through taxes instead of borrowing. But the White House in its outline of the plan also couched the tax hikes as a matter of fairness, noting that 91 Fortune 500 companies paid $0 in federal corporate taxes in 2018. https://6abc.com/10462529/?ex_cid=TA_WPVI_FB&utm_campaign=trueAnthem%3A Trending Content&utm_medium=trueAnthem&utm_source=facebook&fbclid=IwAR0-x8fvMD5initA-HmqgdQdskx3mugTMKK5w6NOV-U3QHz7mHUZ6Ms_dpk Quote Biden infrastructure plan: A breakdown of projects, tax hikes to pay for them WASHINGTON -- President Joe Biden says his proposal for an aggressive series of infrastructure investments would require $2 trillion in spending over eight years but could create millions of jobs. It would be funded by higher corporate taxes. A closer look at where the money is going and where it's coming from: Infrastructure projects - $115 billion to modernize the bridges, highways and roads that are in the worst shape. The White House outline estimated 20,000 miles (32,187 kilometers) of roadways would be repaired, while economically significant bridges and 10,000 smaller bridges would get fixed. - $85 billion for public transit, doubling the federal government's commitment in an effort to shorten the repair backlog and expand service. - $80 billion to modernize Amtrak's heavily trafficked Northeast Corridor line, address its repair backlog and improve freight rail. - $174 billion to build 500,000 electric vehicle charging stations, electrify 20% of school buses and electrify the federal fleet, including U.S. Postal Service vehicles. - $25 billion to upgrade air travel and airports and $17 billion for waterways and coastal ports. - $20 billion to redress communities whose neighborhoods - typically nonwhite - were divided by highway projects. - $50 billion to improve infrastructure resilience in the aftermath of natural disasters. - $111 billion to replace lead water pipes and upgrade sewer systems. - $100 billion to build high-speed broadband that provides 100% coverage for the country. - $100 billion to upgrade the resilience of the power grid and move to clean electricity, among other power projects. - $213 billion to produce, preserve and retrofit more than 2 million affordable houses and buildings. - $100 billion to upgrade and build new schools. - $18 billion to modernize Veterans Affairs hospitals and clinics, and $10 billion for federal buildings. - $400 billion to expand long-term care services under Medicaid. - $180 billion invested in research and development projects. - $300 billion for manufacturing, including funds for the computer chip sector, improved access to capital and investment in clean energy through federal procurement. - $100 billion for workforce development. Tax increases Biden's plan would finance projects by: - Raising the corporate tax rate from 21% to 28%, one of the measures that over 15 years would cover the cost of the infrastructure program and then help to reduce the budget deficit. - Imposing a 21% global minimum tax, so that companies cannot avoid taxes by shifting income to low-tax countries. - Making it harder for businesses to merge with foreign companies to avoid U.S. taxes, a process known as inversion. - Eliminating tax breaks for companies that shift assets abroad, and denying deductions for offshoring jobs. - Imposing a 15% minimum tax on the income that corporations report to shareholders. - Eliminating tax preferences for the fossil fuels sector. - Increasing IRS audits of large corporations. https://abc11.com/politics/a-closer-look-at-bidens-infrastructure-and-tax-proposals/10462634/
March 31, 20214 yr 35 minutes ago, vikas83 said: Amazingly, I don't eat sandwiches. I avoid bread. Meat and vegetables FTW. Bread is the one thing I can never successfully avoid for long. I'm at least at the point where I only eat whole grain bread, but I never go more than a month without bread or pasta of any kind. Too hard.
March 31, 20214 yr 21 minutes ago, EaglesRocker97 said: Damn, Joe! All this winning is going to hurt! - Imposing a 15% minimum tax on the income that corporations report to shareholders. So they are going to start taxing the book income? There can be massive differences in the book to tax income. Sounds like that should be a mess for corporations and accountants alike. FML. Can't we just Fing simplify the code.
March 31, 20214 yr 17 minutes ago, Gannan said: Bread is the one thing I can never successfully avoid for long. I'm at least at the point where I only eat whole grain bread, but I never go more than a month without bread or pasta of any kind. Too hard. Cheat meal once a week, so then it is free game. Otherwise, verboten. 17 minutes ago, rambo said: So they are going to start taxing the book income? There can be massive differences in the book to tax income. Sounds like that should be a mess for corporations and accountants alike. FML. Can't we just Fing simplify the code. When they decide to start taxing unrealized gains, it will be peak insanity.
March 31, 20214 yr 3 minutes ago, vikas83 said: When they decide to start taxing unrealized gains, it will be peak insanity. They'll tax unrealized gains, but you won't be able to deduct unrealized losses (or just 3k year). I'm not sure that's exactly what that means, but they wrote the damn tax laws that make up all these differences. F it. Just go back to cash basis.
March 31, 20214 yr Author 25 minutes ago, rambo said: There can be massive differences in the book to tax income. That would seem to be part of the problem. 26 minutes ago, rambo said: Can't we just Fing simplify the code. I wish.
March 31, 20214 yr 2 minutes ago, rambo said: They'll tax unrealized gains, but you won't be able to deduct unrealized losses (or just 3k year). I'm not sure that's exactly what that means, but they wrote the damn tax laws that make up all these differences. F it. Just go back to cash basis. It's bat ish insanity from people who are utterly clueless about the horrible consequences of their actions.
March 31, 20214 yr 9 minutes ago, EaglesRocker97 said: That would seem to be part of the problem. I wish. Most of the time they're temporary differences. If they don't want corporations writing off equipment in it's entirety on taxes then take 179 out of the goddamn code since won't be depreciated on the books in one year. Don't complicate it even further. It ends up being a giant PITA. Gov't puts all these loopholes for their corporate donors in the code, now they're crying foul. Drives me nucking futs.
March 31, 20214 yr 24 minutes ago, rambo said: Gov't puts all these loopholes for their corporate donors in the code meanwhile, we get table scraps.
March 31, 20214 yr 8 minutes ago, Alpha_TATEr said: meanwhile, we get table scraps. Can't even get legal weed out of the Feds.
March 31, 20214 yr 2 hours ago, vikas83 said: Well, people who know the proper use of their vs. there tend to make enough money that the impact is more than $3.48. This is the dumbest thing I have ever read. Congratulations. We don't know that increasing costs will lead to a company raising prices? Yeah...we do, based on all of recorded economic history, human behavior and basic logic. How do you have any clue what I will notice. Why don't you set an example and pay more? You keep avoiding - every time this comes up. Do you have ANY baseline for higher taxes then. You act like its $0.00. What will bother you -- is it a nickel or $33.00 a year (or what)? Of course I don't know exactly what it is, but you don't say it, so how would anyone know? C'mon man - don't be so f'in coy. If you mean 0 new taxes - then say it. If there is a dollar threshold that won't really bother you up to that point -- what is it?
March 31, 20214 yr 1 minute ago, caesar said: You keep avoiding - every time this comes up. Do you have ANY baseline for higher taxes then. You act like its $0.00. What will bother you -- is it a nickel or $33.00 a year (or what)? Of course I don't know exactly what it is, but you don't say it, so how would anyone know? C'mon man - don't be so f'in coy. If you mean 0 new taxes - then say it. If there is a dollar threshold that won't really bother you up to that point -- what is it? Uh...I've been pretty clear to anyone paying attention - $0.00. I have no interest in paying even more taxes to fund useless programs. We have the most progressive income tax system in the world already, and I have no interest in making it even more progressive. I support a full repeal of the income tax and a national sales tax.
March 31, 20214 yr 1 minute ago, vikas83 said: Uh...I've been pretty clear to anyone paying attention - $0.00. I have no interest in paying even more taxes to fund useless programs. We have the most progressive income tax system in the world already, and I have no interest in making it even more progressive. I support a full repeal of the income tax and a national sales tax. LOL -- good luck with that.
March 31, 20214 yr 2 minutes ago, caesar said: LOL -- good luck with that. Thanks. Good luck with your awful policy ideas and continued unsuccessful life.
March 31, 20214 yr 22 minutes ago, Alpha_TATEr said: meanwhile, we get table scraps. Stop being poor and hire an accountant to "adjust" your liability
March 31, 20214 yr 38 minutes ago, vikas83 said: Thanks. Good luck with your awful policy ideas and continued unsuccessful life. "Unsuccessful"? How so?
March 31, 20214 yr Breaking news, Biden’s dog poops. https://apnews.com/article/biden-dog-poop-white-house-hallway-5307bcd10d102d7e7fa2141c47b4a901
March 31, 20214 yr 3 minutes ago, Talkingbirds said: Breaking news, Biden’s dog poops. https://apnews.com/article/biden-dog-poop-white-house-hallway-5307bcd10d102d7e7fa2141c47b4a901 Bombshellzzzzzzzz
March 31, 20214 yr 1 hour ago, Talkingbirds said: Breaking news, Biden’s dog poops. https://apnews.com/article/biden-dog-poop-white-house-hallway-5307bcd10d102d7e7fa2141c47b4a901 That son of a **** is out of control!
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