The Democrats did it!!!! Inflation Reduction Act of 2022

[lightbright]

• Imposing a 15% corporate minimum tax rate for companies with higher than $1 billion annual revenue – $313 billion
• Prescription drug price reform to lower prices, including Medicare negotiation of drug prices – $288 billion
• Increased tax enforcement – $124 billion
• Imposing a 1% excise tax on stock buybacks - $73 billion

It would spend this revenue on:[6]

• Continuing for three more years the expansion of Affordable Care Act subsidies originally expanded under the American Rescue Plan Act of 2021 – $64 billion
• Addressing domestic energy security and climate change – $369 billion
• Funding for drought relief - $5 billion
• Deficit reduction – $306 billion

Inflation Reduction Act - Wikipedia

en.m.wikipedia.org

 

[Mrfreddygoodbud]

what the fuck is this useless faggot babbling about... ???

all those asshole repukelicans do is just negate anything democrats say...

democrats say.. Hey breathing is good for you.

republcans be like.. Thats the stupidest thing I ever heard.

I was a die hard democrat till the relentless faggot and

child groomer support and tryin to make me a jabba walkie..

I cant fuck with that at all bruh!!!

when democrats get in office they piss you off so much you cant wait till they get the fuck out,

when republicans get in office, and do their bend over spread ass cheeks for corporate america..

You just want to leave the fuckin country... go hide out in Costa Rica till the smoke clears..

 

[BigDaddyBuk]

Got this watered down bill done & still gonna lose the house & senate.
Sad but true.

This bill WAS NOT watered down.

The heck?

 

[BigDaddyBuk]

Analysis: Inflation Reduction Act would increase taxes on nearly all Americans

The Inflation Reduction Act of 2022 would increase taxes on nearly every American despite claims made by President Biden.

“When we pass the Inflation Reduction Act, not a single American in the middle class will pay higher taxes,” Biden tweeted.

According to analysis by the Congressional Joint Committee on Taxation, nearly all Americans would see increased taxes by 2023. The average tax rates would increase in nearly all income categories, according to its analysis, including lower income individuals such as those earning less than $10,000.

Federal taxes will increase by $1.9 billion on those earning between $50,000 and $75,000 and by $10.8 billion on those earning between $100,000 and $200,000 in 2023.

Overall average tax rates would increase from 20.3% to 20.6% in 2023 alone, according to the analysis.

Analysis: Inflation Reduction Act would increase taxes on nearly all Americans

(The Center Square) – The Inflation Reduction Act of 2022 would increase taxes on nearly every American despite claims made by President Biden.

www.thecentersquare.com

Center square is a conservative website.

Lying assholes.

 

[Supersav]

Yo where the Trump brigade at? Tell the class how this is bad for black people. Tell us how the so called pro-whites are falling for Biden’s evil plan to send blacks back to the plantation while Trump will be passing out Cadillacs. Come on don't keep us waiting. Turn them talking point machines on.

You love massa huh

 

[Supersav]

Some of you are cheerleading way too hard to be Black and focused on what benefits us. Put the Pom Poms down until WE are addressed.

They don't care about WE..jus massa

 

[code_pirahna]

Soledad is so fine

 

[Pimpslap Slim]

This bill WAS NOT watered down.

The heck?

To the extent that it's way short of what they initially wanted and proposed, it's watered down.
Relax.
Every bill is watered down.

 

[Dr. Truth]

The cacs have arrived

 

[Big Tex]

Analysis: Inflation Reduction Act would increase taxes on nearly all Americans

The Inflation Reduction Act of 2022 would increase taxes on nearly every American despite claims made by President Biden.

“When we pass the Inflation Reduction Act, not a single American in the middle class will pay higher taxes,” Biden tweeted.

According to analysis by the Congressional Joint Committee on Taxation, nearly all Americans would see increased taxes by 2023. The average tax rates would increase in nearly all income categories, according to its analysis, including lower income individuals such as those earning less than $10,000.

Federal taxes will increase by $1.9 billion on those earning between $50,000 and $75,000 and by $10.8 billion on those earning between $100,000 and $200,000 in 2023.

Overall average tax rates would increase from 20.3% to 20.6% in 2023 alone, according to the analysis.

Analysis: Inflation Reduction Act would increase taxes on nearly all Americans

(The Center Square) – The Inflation Reduction Act of 2022 would increase taxes on nearly every American despite claims made by President Biden.

www.thecentersquare.com

Does the Inflation Reduction Act violate Biden’s $400,000 tax pledge? Expect 'a different answer depending on who you ask,' says analyst

The answer is more complicated than it may sound. Broadly, it depends on what you consider a "tax" and how you account for the bill's aggregate benefits.

www.cnbc.com

However, the JCT analysis doesn’t provide a complete picture, according to experts. That’s because it doesn’t account for the benefits of consumer tax rebates, health premium subsidies and lower prescription drug costs, according to the Committee for a Responsible Federal Budget.

Observers who consider indirect costs should weigh these financial benefits, too, experts argue.

“The selective presentation by some of the distributional effects of this bill neglects benefits to middle-class families from reducing deficits, from bringing down prescription drug prices and from more affordable energy,” a group of five former Treasury secretaries from both Democratic and Republican administrations wrote Wednesday.

The $64 billion of total Affordable Care Act subsidies alone would “be more than enough to counter net tax increases below $400,000 in the JCT study,” according to the Committee for a Responsible Federal Budget, which also estimates Americans would save $300 billion on costs and premiums for prescription drugs.

The combined policies would offer a net tax cut for Americans by 2027, the group said.

 

[Big Tex]

Niggas in here working at UPS worrying about tax audits lmao. If you file a simple return you don't have shit to audit.

And if you doing illegal shit on your taxes, you knew the risks to begin with.

 

[ballscout1]

fuck you mean, Your memory is failing you...

with the stimulus the economy is booming,

without the stimulus and giving our money away to neo nazis

in foreign lands DOES WHAT??

Inflation was NOT Out of control when we got some bang back

for our tax dollars in the form of stimulus,

now we got fuckin All types of shit, some fuckin BA5, monkey pox,

rare kidney diseases in children popping up..

Fuckin polio is back ...

they gave stimulus checks for JUST covid..

they need to triple them shits.

You with the mindfuckery on sending our money out the country,

Im with the simple logic of lets keep our money circulating right here,

but you know what...

I dont care let them keep fuckin around .. while they wasting all that money

mindfucking you easily fucked mind fuckees,

do you KNOW whats happening???? the whole world is saying fuck the u.s

petro dollar, it aint backed by nothing, all they do is use it, to hold

brown people down across the globe.. Lets create our own dollars and back it by gold..

the average muthafucka like you has zero idea what that means.. the more dire we look to the world,

the less appealing the fuckin u.s dollar looks..

when we was getting that stimulus the u.s dollar was holding up nicely..

Now look at that shit.. it better be backed by something fast,

Keep thinkin Bric is playin out here!!!

what economy was booming ?

prices went up the entire time and supplies dwindled.

the economy was booming when rich mofokrs and corporations had high tax brackets because they couldn't hold personal profits and had to reinvest in infrastructure and employees.

 

[Mrfreddygoodbud]

what economy was booming ?

prices went up the entire time and supplies dwindled.

the economy was booming when rich mofokrs and corporations had high tax brackets because they couldn't hold personal profits and had to reinvest in infrastructure and employees.

yea your memory is failing you,

Folks were saving money big time, when they saw people paying off thier debts

and saving money, that shit stopped with the quickness

all of a sudden we had no more money... to give the tax payers...

but somehow, some fuckin way, they magically find money

to support nazi's in ukraine...

these crooks and their mindfuckery games are getting

played out, well at least for those of us, that know

how to apply simple logic, and follow the money...

fuck the political semantics bruh...

 

[ballscout1]

yea your memory is failing you,

Folks were saving money big time, when they saw people paying off thier debts

and saving money, that shit stopped with the quickness

all of a sudden we had no more money... to give the tax payers...

but somehow, some fuckin way, they magically find money

to support nazi's in ukraine...

these crooks and their mindfuckery games are getting

played out, well at least for those of us, that know

how to apply simple logic, and follow the money...

fuck the political semantics bruh...

You keep talking about money they were giving to taxpayers.

The mofokrs getting money don't pay taxes. They get big ass returns, earned income credits and child care ..

Mofokrs that pay taxes didn't get shit cause they made too much according to their charts.

The same mofokrs that y'all keep trying to convince me was living large on unemployment so they weren't going back to work.

The mofokrs who was gaming the shit are getting locked up left and right but not the big boys.

I didn't see no booming economy, I saw price gouging ,short supplies and fukkn rations.

Goods are being held up at the borders for no good reason slowing down the supply chain.

Sent all the chip manufacturing overseas because of greed and now can't get new cars and other electronics.

Shit the wait time for a new server is 130 days..

I had more money because I worked from home and wasn't buying gas, paying tolls, and shit like that.

Now them mofokrs barely report Covid because they don't want shit to close or give money to make shit float.

U.S. COVID death rate by state 2023 | Statista

As of March 2023, Arizona had the highest COVID death rate in the U.S., with 455 deaths per 100,000 population. Hawaii had the lowest death rate.

www.statista.com

But if you read you will see B5 is more contagious and evades immunity. But so wait, run your ass to the water park and splash around with other mofokrs bodily fluids....

All that don't contact trace, quarantine for 3-5 days .wear a mask if you wanna is all political to keep shit open and act like its all good.

 

[hardawayz16]

adding more fuckin IRS agents.. more fuckin tentacles in our pockets bruh

Are you a corporation that profits more than $1 billion annually?

Are you a person that grosses more than $500k annually?

If not, shut yo stupid ass up.

It’s Getting Worse: The IRS Now Audits Poor Americans at About the Same Rate as the Top 1%
As the agency’s ability to audit the rich crumbles, its scrutiny of the poor has held steady in recent years. Meanwhile, a new study shows that audits of poor taxpayers make them far less likely to claim credits they might be entitled to.

It’s Getting Worse: The IRS Now Audits Poor Americans at About the Same Rate as the Top 1%

As the agency’s ability to audit the rich crumbles, its scrutiny of the poor has held steady in recent years. Meanwhile, a new study shows that audits of poor taxpayers make them far less likely to claim credits they might be entitled to.

www.propublica.org

 

[Mrfreddygoodbud]

It’s Getting Worse: The IRS Now Audits Poor Americans at About the Same Rate as the Top 1%
As the agency’s ability to audit the rich crumbles, its scrutiny of the poor has held steady in recent years. Meanwhile, a new study shows that audits of poor taxpayers make them far less likely to claim credits they might be entitled to.

It’s Getting Worse: The IRS Now Audits Poor Americans at About the Same Rate as the Top 1%

As the agency’s ability to audit the rich crumbles, its scrutiny of the poor has held steady in recent years. Meanwhile, a new study shows that audits of poor taxpayers make them far less likely to claim credits they might be entitled to.

www.propublica.org

LOL, some folks are sooo simple in thought.. or just sell outs..

or it could just be a case of

stupidity knows no boundaries

Hey did you know big daddy buk

rhymes with stupid faggot fuck..

just sayin..

damn shame how these sheep just roll with

any official narratives, there are paid democratic

shills here. or folks that depend on democratic

funding..or federal or irs agents

its fuckin blatantly obvious who they are....!!!

 

[Blkops]

You love massa huh

I love my people and you love cacs. Blacks will get something out this administration. Now what did we get from tRump? Huddle up with your xcactor cac friend and tell us what Trump did that helped my people.

 

[godofwine]

I love my people and you love cacs. Blacks will get something out this administration. Now what did we get from tRump? Huddle up with your xcactor cac friend and tell us what Trump did that helped my people.

I got to hear this. What good did Trump do for black people or anyone other than rich people?

bgol don't care, niggas on here are more concerned about trans people.

Don't nobody give a fuck about trans people. It's like that old 8Ball and MJG song pimp in my own Rhyme, they are more important in their mind that they are to us

I don't hate them, I nothing them. They neither add nor subtract from my world in any way

 

[HeathCliff]

I love my people and you love cacs. Blacks will get something out this administration. Now what did we get from tRump? Huddle up with your xcactor cac friend and tell us what Trump did that helped my people.

I got to hear this. What good did Trump do for black people or anyone other than rich people?

Yeah this ought to be good

 

[Politic Negro]

 

[xxxbishopxxx]

Some of you are cheerleading way too hard to be Black and focused on what benefits us. Put the Pom Poms down until WE are addressed.

lower gas prices and lower drug costs for older folk don't affect any black folk?

 

[mangobob79]

de whites have arrived....

 

[christop]

Hopefully it keeps trending down.

 

[Soul On Ice]

Analysis: Inflation Reduction Act would increase taxes on nearly all Americans

The Inflation Reduction Act of 2022 would increase taxes on nearly every American despite claims made by President Biden.

“When we pass the Inflation Reduction Act, not a single American in the middle class will pay higher taxes,” Biden tweeted.

According to analysis by the Congressional Joint Committee on Taxation, nearly all Americans would see increased taxes by 2023. The average tax rates would increase in nearly all income categories, according to its analysis, including lower income individuals such as those earning less than $10,000.

Federal taxes will increase by $1.9 billion on those earning between $50,000 and $75,000 and by $10.8 billion on those earning between $100,000 and $200,000 in 2023.

Overall average tax rates would increase from 20.3% to 20.6% in 2023 alone, according to the analysis.

Analysis: Inflation Reduction Act would increase taxes on nearly all Americans

(The Center Square) – The Inflation Reduction Act of 2022 would increase taxes on nearly every American despite claims made by President Biden.

www.thecentersquare.com

Somebody gotta pay for that proxy war...

 

[Soul On Ice]

lower gas prices and lower drug costs for older folk don't affect any black folk?

Rising Boat huh?

 

[Non-StopJFK2TAB]

What a shitty chart.

Airline fares dropped 10%.

 

[xxxbishopxxx]

Rising Boat huh?

feel free to answer the question.

Find one old black person in your family who will say fuck lower drugs costs because it didn't have black in the law title.

Name one black person who said fuck lower gas prices because it benefits everybody when they are low.

 

[xxxbishopxxx]

Analysis: Inflation Reduction Act would increase taxes on nearly all Americans

The Inflation Reduction Act of 2022 would increase taxes on nearly every American despite claims made by President Biden.

“When we pass the Inflation Reduction Act, not a single American in the middle class will pay higher taxes,” Biden tweeted.

According to analysis by the Congressional Joint Committee on Taxation, nearly all Americans would see increased taxes by 2023. The average tax rates would increase in nearly all income categories, according to its analysis, including lower income individuals such as those earning less than $10,000.

Federal taxes will increase by $1.9 billion on those earning between $50,000 and $75,000 and by $10.8 billion on those earning between $100,000 and $200,000 in 2023.

Overall average tax rates would increase from 20.3% to 20.6% in 2023 alone, according to the analysis.

Analysis: Inflation Reduction Act would increase taxes on nearly all Americans

(The Center Square) – The Inflation Reduction Act of 2022 would increase taxes on nearly every American despite claims made by President Biden.

www.thecentersquare.com

I guess you forgot that taxes for regular folk were going up anyway because the trump tax cuts and jobs act had a cutoff date for tax breaks for those that weren't rich or a part of corporation.

 

[jack walsh13]

 

[jack walsh13]

​

MUTHAFUCKAS REALLY NEED TO PAY ATTENTION WHO THEY VOTING FOR IN OFFICE. ANYONE WHO WOULD WANT TO BLOCK WHAT WAS ON THE TABLE IS JUST PURE EVIL AND DOESN'T HAVE AMERICANS IN THEIR BEST INTEREST.

 

[Mixd]

The IRS is hiring new special agents!

Requirements include working min “50 hours per week, which may include irregular hours, and be on-call 24/7, including holidays and weekends” and “Carry a firearm and be willing to use deadly force, if necessary.”
​

 

[playahaitian]

The IRS is hiring new special agents!

Requirements include working min “50 hours per week, which may include irregular hours, and be on-call 24/7, including holidays and weekends” and “Carry a firearm and be willing to use deadly force, if necessary.”
​

Damn I thought they would at least ask you to know how to use an abacus or something

 

[playahaitian]

The IRS is hiring new special agents!

Requirements include working min “50 hours per week, which may include irregular hours, and be on-call 24/7, including holidays and weekends” and “Carry a firearm and be willing to use deadly force, if necessary.”
​

Ummm...

Let me know the pay scale and might strongly consider it.

 

[Soul On Ice]

feel free to answer the question.

Find one old black person in your family who will say fuck lower drugs costs because it didn't have black in the law title.

Name one black person who said fuck lower gas prices because it benefits everybody when they are low.

That's not the argument.
The issue is that yall use that as something that Black people should be happy and proud for when we point out other groups getting things.

 

[Big Tex]

https://www.bloomberg.com/news/arti...-pay-more-middle-class-less-under-us-tax-bill

About $222.2 billion of the increase on businesses will come from a new corporate minimum tax that requires companies with at least $1 billion in profits to pay a minimum of 15% on the earnings they report to shareholders. An additional $73.7 billion stems from a 1% excise tax on corporations that buy back their own stock, the projections from the nonpartisan scorekeeper showed.

Households earning less than $100,000 will see net tax cuts through 2025, largely due to an extension of subsidies for Affordable Care Act premiums. After that, taxes for middle- and low-income households are largely unchanged. The bill also includes some tax incentives for electric cars and home-energy efficiency -- contributing to the decrease in tax burden.

Taxpayers earning at least $500,000, a group that’s more likely to own stocks, will see their taxes go up by about 1% next year, reflecting indirect tax increases tied to the corporate-tax hikes. While the legislation doesn’t include any direct tax increases on high-earners, the Joint Committee on Taxation’s model directs some of the corporate-tax burden on shareholders.