CBO Projects Individual Income Tax Liability Will Rise 66% By 2031

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CBO projects that the individual income tax liability will rise 66% by 2031

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Washington, DC. April 15 is the deadline in the United States for residents to file their income tax returns. How do you feel about taxes? Are they a necessary evil? Perhaps an obligation? A civic duty? Regardless of your view, taxes will most likely rise in the not-too-distant future. As we emerge from the grasp of Covid-19, once the economy stabilizes, Congress and President Biden are poised to raise rates.

 

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This headline is so inflammatory and ridiculous. By the way, 'trickle-down economics' does not work. It's also called 'voodoo economics' for a reason. Enough! Let it 'trickle' up for a change.

While the individual income tax provided 47% of total revenue in 2020, corporate income taxes provided only 6.8% of federal government revenue. Why not raise taxes on corporations?

Even without the big government programs being pushed by the left (M4A, Green New Deal...) a financial reckoning is coming. Our taxes will be going up significantly. And not just on the wealthy. Our financial path is unsustainable.

say it isn't so.... Biden: 'If you elect me, your taxes are going to be raised'

Smh...

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