Home Contact Us

ADVERTISEMENT

Democrats are also planning higher business taxes - than China. If you have a 401K

Posted: Sep 15th, 2021 - 6:39 am In Reply to: Fury as Biden tries to let IRS SNOOP on your bank accounts - (Uncle Sam wants to spy on your

or an IRA, you will feel the effect of the capital gains tax hikes that Biden wants passed.

"They want to raise taxes that will make the stocks inside your life savings, your 401k, your IRA, they want to make them worth less, because if you tax an income stream from something, it's worth less," Norquist said. "If you have a 401k, or an IRA, or a health savings account, you will be harmed directly by this. If you pay utility bills, you will be paying higher taxes. Why? Because your utility for energy or natural gas pays federal income taxes, corporate taxes, and those taxes imposed by the federal government on utilities are paid, 100%, they're passed on to consumers."

Norquist argued that the purpose of the reconciliation bill is to "make more people dependent on the government" and become compliant over time.

LINK/URL: Democrats are also planning higher business taxes

ADVERTISEMENT

Post A Reply Reply By Email Options

Use Rich Text Editor with Full Options CLOSE

Edit/Delete Message

Report this message

Complete Discussion Below: (

marks the location of current message within thread)

Fury as Biden tries to let IRS SNOOP on your bank accounts - (Uncle Sam wants to spy on your (Views: 467, 2021-09-15, 6:16 am)
- Many overseas financial institutions and health insurance - companies already have a policy of “No Americans (Views: 246, 2021-09-15, 6:18 am)
  - Now Biden wants to hire 87,000 IRS agents to surveil - people’s purchases. He wants to use (Views: 237, 2021-09-15, 1:14 pm)
  - I live on $1222 a month Soc Sec....What the hell do - they think they are doing????? (Views: 265, 2021-09-15, 3:41 pm)
- Democrats are also planning higher business taxes - than China. If you have a 401K
  - Democrats are also planning to raise taxes on natural - gas. All these taxes with inflation... (Views: 259, 2021-09-15, 6:44 am)
- $600 - Explain this please (Views: 310, 2021-09-15, 8:04 am)
  - I think your second sentence explains it - sm (Views: 292, 2021-09-15, 8:11 am)
  - You could be right - Doesn’t make sense (Views: 293, 2021-09-15, 9:08 am)
  - Currently, your bank must report withdrawals of $10,000 or - more to the IRS.Under Biden's tax (Views: 271, 2021-09-15, 1:26 pm)
- This started under Obama. Tax revenue is NOT the REAL - reason the Biden administration is pushing (Views: 271, 2021-09-15, 12:47 pm)
- This is a horrible thing and must be stopped. You know - this will be abused. I transfer money (Views: 244, 2021-09-15, 12:54 pm)
- BIDEN wants to know where OUR money is coming from? - First, let's find out all the facts about our (Views: 264, 2021-09-15, 3:19 pm)
  - Looking who is supporting this massive invasion of - privacy. About the only thing (Views: 292, 2021-09-15, 3:38 pm)
- YEAH, AND YOU STILL HAVE THE BOARD COMMUNISTS - DEFENDING THIS SQUATTER (Views: 250, 2021-09-15, 4:02 pm)
  - Biden is so "solid" that someone in the WH is cutting - off his mike in mid sentence when (Views: 245, 2021-09-16, 5:19 am)
    - The saddest part of all is the Board Communists that - still support Grandpa WormHead (Views: 227, 2021-09-16, 10:42 am)
- Not only that, Biden administration is taking control of - monoclonal antibody drugs in (Views: 224, 2021-09-15, 4:12 pm)
  - It is one thing to demand people take the mRNA gene - therapy (aka “vaccine”). It is another (Views: 277, 2021-09-15, 4:14 pm)
    - SHOWS YOU THE DEGREE THAT THESE COMMUNISTS - WANT TO CONTROL YOU OR KILL YOU (Views: 252, 2021-09-15, 4:25 pm)
      - And now they have a guy in the WH that has a hard - time remembering which ice (Views: 225, 2021-09-15, 4:42 pm)
        All you need to is look at the board truth-deniers that - think Biden is solid and think (Views: 237, 2021-09-15, 5:25 pm)
        The topic is more than banking. The topic is control. - Finances, banking, etc. All you had (Views: 257, 2021-09-16, 4:57 am)
        You are responding to the wrong poster. I was defending - the poster's post saying exactly what you (Views: 217, 2021-09-16, 10:43 am)
        I know, I apologize. I think I responded in kind about - posting in the wrong place. See (Views: 219, 2021-09-16, 1:18 pm)
        No problem. You and me both. A full pot is the fuel I - need. I figured that happened. (Views: 214, 2021-09-16, 2:30 pm)
        Sorry. I was responding to the post below yours about the - topic being banking. I get the (Views: 224, 2021-09-16, 5:02 am)
    - I thought the topic was banking - More confusing (Views: 238, 2021-09-15, 6:18 pm)
      - People can post what they want. No one has to - follow your rules because you cannot follow a thre (Views: 245, 2021-09-15, 6:25 pm)
        Following a thread - More confusing (Views: 224, 2021-09-16, 8:25 am)
        No, you cannot follow a thread. In your hubris and - obnoxious comments, YOU forgot (Views: 261, 2021-09-16, 10:46 am)
        Solid and amazing job - never (Views: 216, 2021-09-16, 2:57 pm)
        AGree 75+ million times. They only ones supporting - Grandpa WormHead are those (Views: 225, 2021-09-16, 5:32 pm)