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re: This deserves it's own thread
Posted on 6/24/20 at 3:54 pm to dawgfan24348
Posted on 6/24/20 at 3:54 pm to dawgfan24348
"Not a big increase." That's the problem, though. "It's just a little more" is what we hear every 4 years. Meanwhile, my tax bill is already out-fricking-rageous, and yet again, they want more. I try to do the right thing - invest, provide, pay bills. But the democrats don't give a flying shite about the contributing middle class.
Sanders proposed a 4% payroll tax on everyone. Let's not forget I already pay a combined 7.2% for Mcare and FICA. So, these 2 tax rates together would be around 11%. Right out of the gate, before I even pay for FIT or health benefits I'm at 89% of my paycheck. For me, that's a big hit. And this of course, doesn't include the additional 7% he wants the employers to pay, some of which would negatively impact bonuses/wages/additional FTEs (or all of the above) in some way. We are talking about a 25% payroll tax here. That is unconscionable.
Sanders proposed RSU taxes - not a big deal if you're wealthy, but if you're a middling employee like me, his plan would completely and utterly frick me. It would essentially make you pay taxes on unrealized income, which is absolutely un-fricking-heard-of. And if the share price ends up in the shitter, after you were forced to pay taxes with the money you didn't have, there isn't any recourse.
Look, I'm trying to work hard so I don't have to work anymore, so I'll be god-damned if I let some a-hole like Bernie Sanders come around and keep taking shite from me with one of those hand-grabber things at the Dave and Busters where you go bobbing for cheap toys.
Sanders proposed a 4% payroll tax on everyone. Let's not forget I already pay a combined 7.2% for Mcare and FICA. So, these 2 tax rates together would be around 11%. Right out of the gate, before I even pay for FIT or health benefits I'm at 89% of my paycheck. For me, that's a big hit. And this of course, doesn't include the additional 7% he wants the employers to pay, some of which would negatively impact bonuses/wages/additional FTEs (or all of the above) in some way. We are talking about a 25% payroll tax here. That is unconscionable.
Sanders proposed RSU taxes - not a big deal if you're wealthy, but if you're a middling employee like me, his plan would completely and utterly frick me. It would essentially make you pay taxes on unrealized income, which is absolutely un-fricking-heard-of. And if the share price ends up in the shitter, after you were forced to pay taxes with the money you didn't have, there isn't any recourse.
Look, I'm trying to work hard so I don't have to work anymore, so I'll be god-damned if I let some a-hole like Bernie Sanders come around and keep taking shite from me with one of those hand-grabber things at the Dave and Busters where you go bobbing for cheap toys.
Posted on 6/24/20 at 4:16 pm to FinleyStreet
quote:
But the democrats don't give a flying shite about the contributing middle class.
There's no tax increase for the middle class unless you think $250k is middle class at best it's upper middle class
quote:
Sanders proposed a 4% payroll tax on everyone
I am not seeing this anywhere
quote:
doesn't include the additional 7% he wants the employers to pay, some of which would negatively impact bonuses/wages/additional FTEs
Again not seeing that unless you're talking about this
LINK /
quote:
health benefits
Under M4A you wouldn't have to worry about healthcare packages, benefits coming out of your check, copay, or deductibles.
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