Biden broke campaign promise to not tax anyone making less than $400,000

[FRANKIE]

As he promised Americans this just last night….
I guess sleepy Joe changed his mind after sleeping on it.
(2 hours ago);

IRS proposes new reporting program for workers who earn tips | FOX 5 New York

Many service industry workers, like those in restaurants, rely on tips to supplement their hourly pay.

www.fox5ny.com

 

[SonOfSun]

Collecting taxes that should have been paid all along is not a tax increase. It's enforcing existing tax code.

 

[Saltwater60]

Collecting taxes that should have been paid all along is not a tax increase. It's enforcing existing tax code.

While I agree this has been largely ignored and this will not sit well with his working class folks that support him. These are not the people to go after and I’m sure this is t what was talked about by the Bernie sanders crew.

Yes I get it adds up and this is why they increased it to minimum wage and want to do away with cash. I almost exclusively tip in cash so the servers can avoid paying tax if they choose. I also understand this is a reporting system and they “going after” servers but I can only imagine that’s what’s next or the plan.

 

[togmaster]

Cash is king.

 

[Dr. Evil]

Add it to the list.

 

[Modean]

Collecting taxes that should have been paid all along is not a tax increase. It's enforcing existing tax code.

You aren’t wrong, but the people this will affect aren’t going to see it that way.

 

[dwa12479]

The restaurant business was one of the hardest hit during COVID, and let's be real, servers and bartenders aren't in the upper tier of incomes. By all means, instead of cutting wasteful spending, lets make sure we squeeze EVERY penny out of these workers that we can. Millions of illegals and all of Ukraine are counting on us.

 

[Acer-m14]

 

[Acer-m14]

Collecting taxes that should have been paid all along is not a tax increase. It's enforcing existing tax code.

Tax codes .. why so many loop holes there ???
ATF rules .. shutting down loop holes ?? that damn plastic brace

EPA rules .. LOL .. hell a train blew up in Ohio .. but no Co2 was released in that black plume of of smoke lol

ummm LAW ??

 

[Deplorable Me]

Just the tip! Famous last promise. The government technically is the service industry, servicing everyone like a whorehouse.

 

[Slacker43]

Collecting taxes that should have been paid all along is not a tax increase. It's enforcing existing tax code.

I assume you record all of your out of state purchases so you can pay the state the sales tax you owe? .gov stooge.

 

[Deplorable Me]

Collecting taxes that should have been paid all along is not a tax increase. It's enforcing existing tax code.

Call me Robinhood but the government didn't earn it. They're staffed with human entropy. Bureaucrats that are redundant, redundant. Then there's waste and fraud they won't go after because it easier to exploit the weak.

 

[GOPerfect]

Funny, when I hear people talking about how the wealthy pay little to no taxes...

This stale Democrat talking point seems to make it into every stump speech. But it couldn’t be further from the truth. The top 1 percent of highest-earning Americans pay near 50% of the nation’s income taxes — about twice their “share” of national income. According to a WalletHub, the top 100 American corporations pay an effective tax rate of nearly 20 percent. (Smaller businesses pay even more.) These liabilities don’t include the high tax bills paid by companies’ shareholders and executives. The American tax system is one of the most progressive in the developed world, with job creators paying far more than their fair share, despite Democrats’ nonstop claims to the contrary.

Maybe the poor should start paying. The poorest use the majority of services and pay the least in taxes.

 

[Acer-m14]

are them off shore accounts getting taxed LOL

 

[Saltwater60]

Funny, when I hear people talking about how the wealthy pay little to no taxes...

This stale Democrat talking point seems to make it into every stump speech. But it couldn’t be further from the truth. The top 1 percent of highest-earning Americans pay near 50% of the nation’s income taxes — about twice their “share” of national income. According to a WalletHub, the top 100 American corporations pay an effective tax rate of nearly 20 percent. (Smaller businesses pay even more.) These liabilities don’t include the high tax bills paid by companies’ shareholders and executives. The American tax system is one of the most progressive in the developed world, with job creators paying far more than their fair share, despite Democrats’ nonstop claims to the contrary.

Maybe the poor should start paying. The poorest use the majority of services and pay the least in taxes.

This is why wealthy Americans are fleeing high tax states like NYS, NJ, and CA for others with low income tax. This kind of proves your point. I remember reading an article where the riches guy in NJ left and moved to Florida and NJ had to rework their budget because he left. Just him leaving left a $40 million in their budget if I remember correctly.

 

[Modean]

This is why wealthy Americans are fleeing high tax states like NYS, NJ, and CA for others with low income tax. This kind of proves your point. I remember reading an article where the riches guy in NJ left and moved to Florida and NJ had to rework their budget because he left. Just him leaving left a $40 million in their budget if I remember correctly.

Funny, when I hear people talking about how the wealthy pay little to no taxes...

This stale Democrat talking point seems to make it into every stump speech. But it couldn’t be further from the truth. The top 1 percent of highest-earning Americans pay near 50% of the nation’s income taxes — about twice their “share” of national income. According to a WalletHub, the top 100 American corporations pay an effective tax rate of nearly 20 percent. (Smaller businesses pay even more.) These liabilities don’t include the high tax bills paid by companies’ shareholders and executives. The American tax system is one of the most progressive in the developed world, with job creators paying far more than their fair share, despite Democrats’ nonstop claims to the contrary.

Maybe the poor should start paying. The poorest use the majority of services and pay the least in taxes.

Ok, but consider this: Bloomberg - Are you a robot?