10 Biden tax plans that will sail through a Democratic senate

[cato potatoe]

Scroll down to the bottom for details.  High earners will experience a doubling of their capital gains tax, a massive FICA tax increase, and a cap on itemized deductions.  The capital gains provision will quash foreign capital investment in the US.  Many other taxpayers will suffer from tax increases on real estate income and inherited assets.  Meanwhile, high tax states will be subsidized, as will green energy projects, and having babies you can't support.  The housing market will be inflated through government intervention.

https://finance.yahoo.com/m/62f1221c-1d18-3df1-b499-331d3a968ff9/10-biden-tax-plans-that-will.html

[Weird Tolkienish Figure]

Scroll down to the bottom for details.  High earners will experience a doubling of their capital gains tax, a massive FICA tax increase, and a cap on itemized deductions.  The capital gains provision will quash foreign capital investment in the US.  Many other taxpayers will suffer from tax increases on real estate income and inherited assets.  Meanwhile, high tax states will be subsidized, as will green energy projects, and having babies you can't support.  The housing market will be inflated through government intervention.

https://finance.yahoo.com/m/62f1221c-1d18-3df1-b499-331d3a968ff9/10-biden-tax-plans-that-will.html

Does Joe Manchin have a record of stopping any of this stuff?

[cato potatoe]

Does Joe Manchin have a record of stopping any of this stuff?

His record is poor in general.  He supported the Obama era tax increases, and opposed Trump's tax cuts.  Perhaps he will moderate some of the green energy proposals and keep some tax cuts for petroleum companies.

[libertybele]

Scroll down to the bottom for details.  High earners will experience a doubling of their capital gains tax, a massive FICA tax increase, and a cap on itemized deductions.  The capital gains provision will quash foreign capital investment in the US.  Many other taxpayers will suffer from tax increases on real estate income and inherited assets.  Meanwhile, high tax states will be subsidized, as will green energy projects, and having babies you can't support.  The housing market will be inflated through government intervention.

https://finance.yahoo.com/m/62f1221c-1d18-3df1-b499-331d3a968ff9/10-biden-tax-plans-that-will.html

Well, perhaps one positive is that if the high tax states are subsidized then the liberals will stay put and won't be moving into more conservative states or areas.  Fine by me.

It's going to be a colossal cluster.  We will see Carter era inflation, prices will skyrocket as well as unemployment. We are going to be taxed to death. Businesses will again be shuttered because of COVID.  Be prepared as you can be and pray for the best.  Every man is now for himself.  I'll help those who I know to be conservative when the time comes but I'll be danged if I help any liberal crawl out of the hole that they dug us in.

[catfish1957]

Wowza...  details the voting population was missing in Novermber (exception so called $400k income cap for incremental tax increase rate)

This is just the first volley folks.  Again, aimed at seniors and savers. 

[Weird Tolkienish Figure]

His record is poor in general.  He supported the Obama era tax increases, and opposed Trump's tax cuts.  Perhaps he will moderate some of the green energy proposals and keep some tax cuts for petroleum companies.

Yikes... buckle up.