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Major Tax Increases Are About To Slam America ?

serfserf Member Posts: 9,217 ✭✭✭✭
edited July 2020 in Politics
The USA Governments are sinking fast and they need to bail out the system.Right now they talk about Freebies for all to save the system for supposed service jobs but the flip side is pure socialism with no manufacturing jobs.A.I. will be the big mover of production and only hard physical work will available for the working poor. Any technical blue collar physical work will  be inflated to higher wages to get them to work. The budget deficit will soar and The petrol dollar will weaken. Only thing left for them is a WAR for dominance.
                                                 serf
        https://alt-market.com/index.php/articles/4270-major-tax-increases-are-about-to-slam-america-as-cities-and-states-want-you-to-pay-for-covid-fallout
  • Dallas, TX is looking at a proposed 8% increase in property taxes, and is having to work a loophole that allows them to ignore state law which would prevent them from raising taxes more than 3.5%. [Source]
  • Expecting a $700 million shortfall, Chicago’s Mayor Lightfoot has said that a property tax increase is ‘on the table.’ [Source]
  • California is considering a partial reversal of Proposition 13, which would allow government to assess commercial properties differently, creating an increase in property tax revenue without actually increasing the property tax rate. [Source]
  • Other initiatives include “Arizona, where taxes would be raised on incomes above $250,000 to boost teacher salaries; Colorado, which is targeting corporations for at least $151 million in taxes to fund out-of-school learning; and North Carolina, which would issue bonds worth $1.9 billion in part to pay for school capital improvements.” [Source]
  • New York is pitching the idea of tax increases for wealthier people. [Source]
  • New Jersey is expected to see an unknown increase in taxes as the governor moves to borrow billions of dollars to cover budget gaps. [Source]
  • CNBC reports that many states across the nation will be looking at tax increases in many areas, including corporate income taxes, online purchases, excise and sales taxes, property taxes, and gross receipts taxes. [Source]
            
                                                            


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    mac10mac10 Member Posts: 2,546 ✭✭✭✭
    thems shootin words
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    Don McManusDon McManus Member Posts: 23,489 ✭✭✭✭
    With idiots in Congress and the White House scrambling to see who spend the most in this election year, tax increases will not be limited to states.
    Freedom and a submissive populace cannot co-exist.

    Brad Steele
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    sxsnufsxsnuf Member Posts: 2,945 ✭✭✭✭
    We're just po' folk, living on 1 income in a little 1600 sf ranch in podunk USA.
    Our income taxes increased 35% under the Trump tax plan and over the last 3 years, our property taxes have increased 50%.
    The thread title says major tax increases are ABOUT to hit? Maybe the rest of ya just haven't caught up yet.
    Arrivederci gigi
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    MrMag00MrMag00 Member Posts: 532 ✭✭✭
    sxsnuf said:
    We're just po' folk, living on 1 income in a little 1600 sf ranch in podunk USA.
    Our income taxes increased 35% under the Trump tax plan and over the last 3 years, our property taxes have increased 50%.
    The thread title says major tax increases are ABOUT to hit? Maybe the rest of ya just haven't caught up yet.
    Or maybe they will tax you out of your home to give to some illegal.  And do all the other tax stuff too.  But have no fear, first they will have to declare firearms a national health risk, take the gun from citizens, then mobilize the military against the citizens.  
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    Don McManusDon McManus Member Posts: 23,489 ✭✭✭✭
    edited July 2020
    sxsnuf said:
    We're just po' folk, living on 1 income in a little 1600 sf ranch in podunk USA.
    Our income taxes increased 35% under the Trump tax plan and over the last 3 years, our property taxes have increased 50%.
    The thread title says major tax increases are ABOUT to hit? Maybe the rest of ya just haven't caught up yet.
    How did your income taxes go up 35%?
    Freedom and a submissive populace cannot co-exist.

    Brad Steele
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    sxsnufsxsnuf Member Posts: 2,945 ✭✭✭✭
    edited July 2020
    It's really very simple. My tax liability for 2018, with a 2 1/2 % pay raise (and no change in tax bracket) was 35% higher than it was for 2017.
    Understand??
    I'm sure it's an assault on all that's held dear around here, but DJT's tax plan wasn't good for everybody. 
    Edit: I haven't filed for 2019 yet, but it won't be any different.



    Arrivederci gigi
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    chiefrchiefr Member Posts: 13,786 ✭✭✭✭
    Vote DEMOCRAT: Oppressive taxation is a certainty..
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    yoshmysteryoshmyster Member Posts: 21,068 ✭✭✭✭

    California is considering a partial reversal of Proposition 13, which would allow government to assess commercial properties differently, creating an increase in property tax revenue without actually increasing the property tax rate. [Source]

    They will do this so newsom can get his foot in to property tax to pay for his projects. Didn't he get recalled, yet?

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