They've already started backing away from it, citing that Americans that make under $400,000 will be better off due to additional tax benefits outweigh the increase in taxes (as there is an increase in nearly every tax bracket). This line is bullshit as the tax benefits based on spending close to if not more than $100,000 on electrical and energy efficiency upgrades to your house or EV purchases. The "No one making under $400,000 will see an increase in taxes" is a lie and they are trying to hide behind "well for most people its a net benefit"
FTA: Despite the flurry of critical claims that the Democrat-backed inflation bill will hit Americans earning less than $400,000 per year with more IRS audits, Biden administration officials insist this is not the case.
I fantasize that this is a white hat plan. Bring taxes to the level where all of us who have studied the unconstitutional nature of the income tax, but haven't had the nerve to actually join tax revolt, decide that this is the time.
Of course, 87,000 agents willing to use deadly force is more of a black hat thing.
Technically it won't be "a penny" more.
...attention to detail makes it hard for Satan to find a place to hide....
Hmm, are you implying that the IRS does not need 87,000 new agents to audit the nation's 700+ billionaires?
Biden thinks we are stupid.
Biden doesn't know how to tie his shoes.
...I feel your pain,,,,
They've already started backing away from it, citing that Americans that make under $400,000 will be better off due to additional tax benefits outweigh the increase in taxes (as there is an increase in nearly every tax bracket). This line is bullshit as the tax benefits based on spending close to if not more than $100,000 on electrical and energy efficiency upgrades to your house or EV purchases. The "No one making under $400,000 will see an increase in taxes" is a lie and they are trying to hide behind "well for most people its a net benefit"
From the website they are shilling (https://www.rewiringamerica.org/app/ira-calculator) I got:
*Rooftop Solar Installation (30%) *Geothermal Heating Installation (30%) *Battery Storage Installation (30%) *Community Solar Subscription (30%) *New EV Purchase ($7500) *Used EV Purchase ($4000) *And Various Home Efficiency upgrades (Combined $14000 Upfront Discount whatever that means)
FTA: Despite the flurry of critical claims that the Democrat-backed inflation bill will hit Americans earning less than $400,000 per year with more IRS audits, Biden administration officials insist this is not the case.
Because they're profligate liars.
They will just call it something else and claim it isn't a tax. Like "service fee" or "fuel surcharge" or "aca".
I fantasize that this is a white hat plan. Bring taxes to the level where all of us who have studied the unconstitutional nature of the income tax, but haven't had the nerve to actually join tax revolt, decide that this is the time.
Of course, 87,000 agents willing to use deadly force is more of a black hat thing.
...doggy winks....