No matter who wins this election, the outcome will bring tax implications for every taxpayer.
Here's an informative video from a licensed CPA about the legislation each candidate is proposing should they win that would impact various taxpayers.
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No one is talking about the deficit now in the trillions I think. Tax cuts etc. will make this worse.
ReplyDeleteRepublicans try to talk about the deficit but Dems shut that down and the public as a whole don't want to face that ugly truth. We need smaller government which will mean we need less taxation to pay for the government. The last POTUS to balance the budget was Andrew Jackson, who brought the debt to Zero.
DeleteI thought the last balanced budget was during the Clinton years when Gingrich was speaker.
DeleteRight? And they really don't want to talk about Trump's 8.2 trillion vs Biden 4.3 Trillion. It doesn't suit their narrative.
DeleteAnd if they would listen to candidate Harris directly, taxes will increase for those earning more than $400,000. But that doesn't fit their narrative either.
Trump has no plan. He has yet to say anything definitive.
Yes, I listen to both candidates directly. I do not listen to pundits interpretation and gussied up stories.
The answer is NOT increased taxes but getting rid of the FED and the crooked tax code and SMALLER GOVERNMENT. It is so easy for these politicians to spend other people's money all the while they are making being a politician their life's work(and it was very set up that those that govern would be their until they died, but rather a short term job, after which, they would resume their personal lives and go back to their real occupation.
DeleteAs a whole, Republicans are all about fiscal responsibility(and a lot of them haves been about making war)and Dems have been about social issues.
Trump was POTUS for 4 years so he has a track record. If you don't remember our country during that time I'll remind you that we had next to no inflation and you kept more of what you earned.
Harris is a dyed in the blue politician who will say what she has to, to get elected. That's what politicians do....they lie.
This post was an unbiased comparison of the candidates tax plans. Depending on your tax bracket, whether you owned a business, etc. you should be able to discern which one will let you keep more of your hard earned money.
This wasn't to be a forum for bashing one side or the other or to bring up social issues. Period.
We are all complicit when it comes to the deficit.
The thought that you would believe the Republican party is about fiscal responsibility is beyond laughable! Here are some facts for you!
DeleteThe national debt has risen by almost $7.8 trillion during Trump’s time in office. That’s nearly twice as much as what Americans owe on student loans, car loans, credit cards and every other type of debt other than mortgages, combined, according to data from the Federal Reserve Bank of New York. It amounts to about $23,500 in new federal debt for every person in the country.
The growth in the annual deficit under Trump ranks as the third-biggest increase, relative to the size of the economy, of any U.S. presidential administration, according to a calculation by a leading Washington budget maven, Eugene Steuerle, co-founder of the Urban-Brookings Tax Policy Center. And unlike George W. Bush and Abraham Lincoln, who oversaw the larger relative increases in deficits, Trump did not launch two foreign conflicts or have to pay for a civil war.
DeleteAnd Biden-Harris in on track to top 8 Trillion $ in National Debt. Let's not even mention that Obama added another 9.2 Trillion $ during his 2 terms.
I will NOT continue this pissing match you have started with me because this is the last comment I will publish on this post.
This post was a non-partisan comparison on the 2 candidates tax plans thus far. It was informational and I didn't expect readers with an agenda to try to further that agenda here.
As far as my statement on Republicans being the party of fiscal responsibility, as a generalization that has been true over the last 250 years. If you want to call out particular Presidents we could be here for days maligning POTUSes on either side.
I just want smaller government and for Washington to stop wasting our tax dollars on foreign entanglements and stupid shit. Do you know Congress gave $12 Million to some institution to study how monkeys sleep while on meth, another $2.7 Million to study cats running on treadmills and the list goes on. Spending our resources of stupidness like this while we have homeless veterans and victims of natural disasters going without is unconscionable! I hope we can come to a consensus about this. Otherwise take your tribal mentality and go away.