1. #1781
    Service Manager 2,500+ Posts
    The Shining City Upon a Hill

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    Re: The Shining City Upon a Hill

    Here's where I fear the USA is headed. As the government finds more ways to spend our money, the more taxes will be raised on the "wealthy" to the point that they'll start raising taxes on the middle class and tag them as "rich".




    Posthaste: Canada’s top 10% of earners pay 54% of taxes — but here’s the kicker, many are just middle-class


    The top 10% of Canada’s earners make 34% of the country’s income, but are paying 54% of income taxes, says a new essay that questions the premise that the “rich” don’t pay enough tax.


    “Despite common misperceptions and misleading rhetoric, our top 10 per cent of income-earners pay more than half of Canada’s income taxes — and this group includes people that few would consider wealthy,” said Philip Cross, a former chief economic analyst at Statistics Canada, in the essay released by the Fraser Institute.


    The federal government and 7 of Canada’s 10 provinces in recent years have raised tax rates for upper-income earners. Cross says in 2017, the latest year of comparable data, the top 10 per cent of income-earners earned about a third of total income but paid more than half of the country’s total income taxes.


    Cross says that gap has always been there, but it has grown wider over the past three decades. Between 1982 to 2017, the share of income earned by the top 10% rose 13.2% while their share of income taxes rose 22.4%.


    And here’s the kicker. Being in the top 10% of earners in Canada doesn’t mean you are wealthy. In fact, in 2017, any Canadian making $96,000 (or more) was in that group, Cross says.


    “Many Canadians, including those advocating for higher taxes, might be surprised to learn what our top 10 per cent of income-earners looks like — many of them consider themselves middle class,” Cross said.


  2. #1782
    Service Manager 1,000+ Posts
    The Shining City Upon a Hill

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    Re: The Shining City Upon a Hill

    Quote Originally Posted by SalesServiceGuy View Post
    In the USA, "Build Back Better" or the "Great Reset" is going to be funded by increasing taxes on corporations from a too low 21% to 28%. The tax rate was 35% under President Obama. Further revenues will be found by closing tax havens enjoyed by the rich and ending subsidies for fossil fuels. All of these infrastructure improvements are incredibly popular to the average American.

    President Biden has a once in a generation opportunity to improve the lives of ordinary citizens by forcing all corporations to pay their fair share of taxes. No longer will huge corporations pay $0.00 in taxes.
    So they will raise taxes and magically produce better paid cleaner jobs for unemployed people, is this not a pipe dream?
    When you think you have made a procedure idiot proof your company employs a better idiot.

  3. #1783
    Service Manager 10,000+ Posts
    The Shining City Upon a Hill

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    Re: The Shining City Upon a Hill

    Quote Originally Posted by skynet View Post
    So they will raise taxes and magically produce better paid cleaner jobs for unemployed people, is this not a pipe dream?
    remember what John Kerry said to the pipeline workers that got canned because of SnifferJoes EO's on the first day in office.

    "Let them build solar panels"

    Got news for your Johnnie Boi... hardly any states have solar panel factories.... and people aren't really ready to relocate.

  4. #1784
    IT Manager 5,000+ Posts bsm2's Avatar
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    Re: The Shining City Upon a Hill

    No worries unless you make over 400,000 a year

    Don't be afraid

  5. #1785
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    Re: The Shining City Upon a Hill

    Quote Originally Posted by bsm2 View Post
    No worries unless you make over 400,000 a year

    Don't be afraid
    the biden appointee for finances came out and stated that with all that biden is blowing money on the taxes will affect those in the 200,000$ bracket... but expect that to affect middle income earners also.

    Biden admits tax hike could hit people earning $200K

    Joe Biden breaks his tax pledge - Washington Times

    yup less than 5 months into this shitshow Biden changes his tune... hope all that voted for this senile ole fuck are going to be happy now.

  6. #1786
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    The Shining City Upon a Hill

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    Re: The Shining City Upon a Hill

    Quote Originally Posted by skynet View Post
    So they will raise taxes and magically produce better paid cleaner jobs for unemployed people, is this not a pipe dream?

    ... if you want to view the glass as half empty, yes.

    I am in sales and see the glass as half full. There will be great opportunities with all of the new tax revenue.

    One thing is for sure in the USA, taxes are historically too low. These low tax rates only benefit the rich.

    President Biden has stated that taxpayers/ families who earn less than $400,000 per year will see no increase in taxes.

    Unemployed people may have to invest their time in job retraining to participate in the new green economy. It takes many months to train a rookie welder.

  7. #1787
    IT Manager 5,000+ Posts bsm2's Avatar
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    Re: The Shining City Upon a Hill

    Quote Originally Posted by Phil B. View Post
    the biden appointee for finances came out and stated that with all that biden is blowing money on the taxes will affect those in the 200,000$ bracket... but expect that to affect middle income earners also.

    Biden admits tax hike could hit people earning $200K

    Joe Biden breaks his tax pledge - Washington Times

    yup less than 5 months into this shitshow Biden changes his tune... hope all that voted for this senile ole fuck are going to be happy now.

    All untrue and your bad at math76 days in office

    Joe Kicking Ass thanks

  8. #1788
    Service Manager 2,500+ Posts
    The Shining City Upon a Hill

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    Re: The Shining City Upon a Hill

    Quote Originally Posted by Phil B. View Post
    the biden appointee for finances came out and stated that with all that biden is blowing money on the taxes will affect those in the 200,000$ bracket... but expect that to affect middle income earners also.

    Biden admits tax hike could hit people earning $200K

    Joe Biden breaks his tax pledge - Washington Times

    yup less than 5 months into this shitshow Biden changes his tune... hope all that voted for this senile ole fuck are going to be happy now.
    .. the US economy is beginning to roar. The only shitshow was the disaster that the ex President made the USA endure for the last four years.

    President Biden's approval rating is very high right now.

    If a person earns $200k per year and has to pay more taxes, I am all for it!

  9. #1789
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    Re: The Shining City Upon a Hill

    Quote Originally Posted by Phil B. View Post
    remember what John Kerry said to the pipeline workers that got canned because of SnifferJoes EO's on the first day in office.

    "Let them build solar panels"

    Got news for your Johnnie Boi... hardly any states have solar panel factories.... and people aren't really ready to relocate.
    All of those pipeline workers who are welders probably had jobs the next day.

    The truckers had jobs the next day.

    The electricians had jobs the next day.

    The pipefitters had jobs the next day.

    The heavy equipment operators had jobs the next day.

    There is no money in solar panels. Let China or somebody else make those. The money is in the solar power controllers and installation.

  10. #1790
    Service Manager 10,000+ Posts
    The Shining City Upon a Hill

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    Re: The Shining City Upon a Hill

    Dana Carvey nails SnifferJoe to a tee! Watch!

    https://twitter.com/i/status/1374784469664739330

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