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General Discussion

Hoyt

(54,770 posts)

5. $300 - $400 B over 10 years, ain't much either. $30 - $40 B a year is not much better than $20 B

Reply to bluewater (Reply #4)

Wed Oct 27, 2021, 12:24 PM

Oct 2021

when you need $200 B a year. But, I guess it's a start.

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The billionaire-tax loophole hunt is on [View all] bluewater Oct 2021 OP

A big reason rich people can avoid taxes is they can afford to pay people that know all the tricks PoliticAverse Oct 2021 #1

Is this the tax that Speaker Pelosi said would raise $20 Billion a year, like 10% of what they need? Hoyt Oct 2021 #2

This message was self-deleted by its author bluewater Oct 2021 #3

The bill would also include a 15% Minimum Corporate tax raising $300-$400 Billion bluewater Oct 2021 #4

$300 - $400 B over 10 years, ain't much either. $30 - $40 B a year is not much better than $20 B Hoyt Oct 2021 #5

Where did the article say the amount for the 15% Corporate minimum tax was over 10 years? bluewater Oct 2021 #6

Maybe you ought to do a little more research before questioning things. Hoyt Oct 2021 #7

Maybe you ought to realize the billionaire wealth tax and 15% corporate tax are 2 revenue steams? bluewater Oct 2021 #8

$50 - $60 B doesn't cover 1 month of pre-Covid deficit. It covers about 15 days of current deficit. Hoyt Oct 2021 #12

Um, what's with this "pre-Covid deficit" number? The sound of goal posts moving? bluewater Oct 2021 #14

Nope. Pre-Covid Deficit was slightly less than $1 T. Current Deficit is $2 T. 2020 Deficit was $3 T. Hoyt Oct 2021 #15

Oh, so you are being a "deficit hawk"? bluewater Oct 2021 #16

Nope. Pointing out reality of situation. Sadly, we've already given up on reversing trump's cuts. Hoyt Oct 2021 #18

What exactly was your point then in mentioning the "pre-covid deficit"? bluewater Oct 2021 #20

BWater, my point was that the tax plan you are touting doesn't raise nearly enough and will be shot Hoyt Oct 2021 #21

The tax plan is still being written, right? bluewater Oct 2021 #22

Good luck Bluewater. Hope we get everything you desire. Hoyt Oct 2021 #23

The reconcillation bill is also including a repeal of the SALT cap, that will cost the treasury PoliticAverse Oct 2021 #17

+1. It just keeps getting worse. Sadly, this whole thing may collapse before it's over. Hoyt Oct 2021 #19

Yes, this is that tax. n/t PoliticAverse Oct 2021 #10

It's one of several tax proposals being considered. bluewater Oct 2021 #11

"In cases of nontradable assets, such as real estate, billionaires would not pay taxes annually PoliticAverse Oct 2021 #9

Solve a city's homeless or hunger problem and they'll put statue in a park named after you. NightWatcher Oct 2021 #13

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