Deceptions even inside Pres. Biden tax bill … The lower and middle income citizens may pay more taxes because beneficial Trump Tax Deductions will be repealed and certain Carter-Obama Tax items will be put back – “Stealth Tax Increases”! Currently? Dem Fear tactics.
– Going to repeal the GOP Tax Cuts like Corporate Tax Cuts (That lowers commodity prices), and Home Mortgage Deductions.
– Going to put back Tax Payment Items such as the $10k Income Limit on State and Local taxes.
– So from the repealing of Tax Deductions and Adding of Tax Payment Items, it is not true as projected to The People, that the $400k+ earners are the only ones going to be affected by Biden’s Taxation plans, in fact, they may or may not be affected as their Tax Rates are not going to increase, only the amount of tax payments will be affected, note, but may or may not increase.
– The Biden Administration’s disregard for Inflation, as he stated himself, “Inflation don’t matter” and as rendered by its huge trillion budget plan, makes the situation more worrisome as the purpose of lowered taxes is to control the rise of Inflation Rate – And when Inflation rises, energy and all commodity prices spike and become scarce.
If you’re starting to worry about this Biden “Stealth Tax Increases” contact your Local GOP Rep. and/or GOP Senator (Not The RINOs ok): “Please push back for We, The People”.
– Going to repeal the GOP Tax Cuts like Corporate Tax Cuts (That lowers commodity prices), and Home Mortgage Deductions. – Going to put back Tax Payment Items such as the $10k Income Limit on State and Local taxes. – So from the repealing of Tax Deductions and Adding of Tax Payment Items, it is… Read more »
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Molly Scott21168 Views
