Let’s tackle taxes first. Scott Bessent, a hedge fund manager about to become Trump 2.0’s treasury secretary, warns of “economic calamity” if Congress doesn’t pass tax cuts for billionaires (see story here). If you believe this, you deserve to pay taxes so he doesn̵[...]
Posts Tagged ‘taxes’
October 26th, 2024 - 10:57 pm § in Politics
Would you vote for Seattle’s $1.55B transportation levy? (video)
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Which is better for you, tariffs or income tax?
Trump, in his Joe Rogan podcast appearance, made clear he likes the 19th century tariffs system, and feels the income tax was a mistake. He also made clear he favors completely replacing the income tax with tariffs (watch video here). Would that be a better tax system for average American households[...]
Harris’s “billionaire tax” spawns rightwing lies on social media
Kamala Harris’s proposal to tax wealthy people’s unrealized capital gains is a bad idea, but not for the reasons claimed on social media. First, definitions. I’ll use an illustration. Let’s say you buy 100 shares of Stock A for $60 a share and sell it for $75 a share. Your pr[...]
America’s dumbest senator strikes again
Nevada’s economy is hospitality, and in a gambit for that state’s electoral votes, Trump floated the idea of exempting tip income from taxes. Now along comes Sen. Tommy Tuberville (R-AL), who thinks it’s a tax exemption for people who tip, and called the idea “awesome” [...]
GOP legislator’s anti-LGBQT hate tax
Texas state Rep. Bryan Slaton (the gunman in the photo below; read his bio here), a former preacher-man, is a hater. He was elected by country hicks in northeast Texas (details here and here). The product of a Baptist bible college, he wants the state to kill doctors who perform abortions, and wome[...]