CovOps
 Location : Ether-Sphere
Job/hobbies : Irrationality Exterminator
Humor : Über Serious
 |  Subject: Georgia Senate runoffs – tax increases coming if Democrats win these races  Mon Dec 28, 2020 9:20 pm | |
| On Jan. 5, Georgians have a clear choice to make
On Jan. 5, Georgians have a clear choice to make when they vote in the Senate runoff elections. If they vote for Democrat challengers Jon Ossoff and Raphael Warnock, they will be voting for Democrat control of the U.S. Senate and the Biden-Harris agenda of tax increases on American families and businesses.
Joe Biden and congressional Democrats have been very clear what that means.
President-elect Joe Biden has promised to impose $4 trillion in new or higher taxes and has repeatedly promised to repeal the Republican-passed Tax Cuts and Jobs Act (TCJA) on "day one."
This would result in a $2,000 tax increase for a family of four earning the median income of $73,000. A single mother with one child with annual income of $41,000 would see a $1,000 tax hike.
According to Americans for Tax Reform’s analysis of the most recently available IRS data, middle-class Georgians saw the greatest reduction in tax liability after the TCJA was enacted.
Georgia households with adjusted gross income (AGI) between $50,000 and $75,000 saw a 11.5% reduction in federal tax liability. Similarly, Georgia households with AGI between $75,000 and $100,000 saw a 12.8% reduction in federal tax liability.
Families with AGI of between $50,000 and $100,000 saw a tax cut of roughly double what families with AGI of over $1 million received.
Biden has also promised to reinstate the ObamaCare individual mandate tax, a highly regressive tax that forced American families to purchase government approved health insurance or pay a $2,085 tax. If reinstated, this tax would hit over 100,000 low- and middle-income Georgia families.
In 2017, this mandate tax hit 143,180 Georgia households – 89% of those households had annual income of $50,000 or less, and 94% of those households had annual income of $75,000 or less
https://www.foxnews.com/opinion/georgia-senate-runoffs-democrats-tax-increases-grover-norquist
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Anarcho-Capitalist, AnCaps Forum, Ancapolis, OZschwitz Contraband
“The state calls its own violence law, but that of the individual, crime.”-- Max Stirner
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RR Phantom
Location : Wasted Space
Job/hobbies : Cayman Islands Actuary
| | Subject: Re: Georgia Senate runoffs – tax increases coming if Democrats win these races Mon Dec 28, 2020 10:07 pm | |
| - CovOps wrote:
- On Jan. 5, Georgians have a clear choice to make when they vote in the Senate runoff elections
More like "elections."
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