Taxes are way too high: Economist
Vložit
- čas přidán 3. 04. 2024
- Economist Steve Moore discusses the Biden administration's tax-hike policies on 'The Bottom Line.' #foxbusiness #thebottomline
Subscribe to Fox Business! bit.ly/2D9Cdse
Watch more Fox Business Video: video.foxbusiness.com
Watch Fox Business Network Live: www.foxnewsgo.com/
FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York - the business capital of the world - FBN launched in October 2007 and is one of the leading business networks on television, having topped CNBC in Business Day viewers for the second consecutive year in 2018. The network is available in nearly 80 million homes in all markets across the United States. Owned by FOX Corporation, FBN is a unit of FOX News Media and has bureaus in Chicago, Los Angeles, and Washington, D.C.
Follow Fox Business on Facebook: / foxbusiness
Follow Fox Business on Twitter: / foxbusiness
Follow Fox Business on Instagram: / foxbusiness
End this Bi-Denomics, Bi-DenFlation, Madness ‼️ WE Should be paying 10% Tax $150,000 & under. The Middle Class needs Help!! 🇺🇸💯🇺🇸
The middle class needs to be left alone.
If we are to survive in this economic crisis we need assistance right away. The ETF and stock markets are still quite volatile, just like the property market. I'm still at a crossroads deciding if to liquidate my $300k stock portfolio
Many people are still getting fantastic returns on their investments during this time. Simply maintain a strong sense of reality or ask for professional assistance.
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
That does make a lot of sense, good for you though, unlike us, you seem to have the Market figured out. Who is this consultant?
Finding financial advisors like Melissa Terri Swayne who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
A sales tax instead of an income tax will also get the under the table crowd and black markets to actually pay taxes.
End the income tax!
Replace the income tax with tariffs.
Sales tax will hurt the poor..Flat Tax is the answer.
@@jeffbrody2820 Specifically on China and any other communist country that we buy goods from. If only we could just manufacture in the US and lower taxes instead.
We need a much smaller government. The way things are going this country will not last much longer.
That’s their goal. “The Fundamental Transformation of America.”
I'll give it another five years before we become a Marxist communist regime. And by we, I mean the Democratic Party, not the American people. People are having a tough time distinguishing between the actual America and the federal government that is no longer legitimate in any way shape or form
Absolutely too high. Corporate America needs another massive tax break. You know for the one percentile.
Please end this madness
Instead of using taxation to fund a limited government providing for the people’s legitimate constitutional interests, we’ve elected politicians who use it to further their political aims. Taxes aren’t the problem. They are the symptom of the fundamental problem, politicians and voters that are ignorant!
The real message of this segment is that the whole system is bought.
No, the real message of this segment is that we need millennials to stop being dumb. We are counting on your generation to stop doing the wrong thing, and start doing the right thing, but you wont, so everyone will have to suffer. Because people have to pay so that they get more DEI and homosexuality.
Who wants to see Biden gone and never seen again:
Used to be when the government started to take more than their fair share we revolted & replaced them with someone more reasonable!
My wife and I pay around $40,000 in federal income tax, $5,000 in local property tax, and around $12,000 in sales tax for 2023. $57,000 in taxes is a lot of money to be paying out yearly.
Taxes are unconstitutional, and I hate when people say tax, the rich because even the rich people are struggling now. People like you work hard for their money, and the government doesn't deserve any of it.
Political Income Tax: special very high tax rate for income earned while holding elected or appointed political office above and beyond legally prescribed salary for your position. Let's say a 90% tax. And it should follow you for a period of time after you leave office. They will never let this get traction .
People are taxed on Rain for Christ Sake…seriously!!
I hate this. They take way too much taxes. New York is expensive.
How are all the new democrat voters pouring across the southern border going to get their free food, housing, health care, prepaid gift cards, free college tuition, and so on without keeping taxes high?
We have to get Janet Yellen out of there
“I’m going to raise your taxes”- Biden
Yes on the wealthy. I think they can afford it. If the little guy has to why can't they.
@@brianvanwagner4802 they will simply move their money to another nation. Even if they did get taxed more, they’ll just charge more for products and services. Have you never studied business before?
@@One-More-Silver-Dollar So your saying it's mathematically impossible for a billionaire to not raise prices.
@@brianvanwagner4802 If you charge a business more in taxes, they raise the price of things that percentage. Are they suppose to go bankrupt just because you feel like you should have free doctors visits or some other so called “free” thing. There is nothing free. There is cause and effect.
@@brianvanwagner4802 If you raise taxes on a business, it will raise prices to compensate. It’s simple math. There is nothing “free” for anyone.
In Canada the Income Tax Act used to be referred to as the Accountants and Lawyers Relief Act. For good reason of excessive complexity and loopholes .... nothing much has changed in my experience and 55 years of paying personal income taxes.
I paid $2700 in taxes this year because I had to drive for Uber after being seriously ill with Long Covid for over 4 years.
Must cut spending and reform Medicare, Medicaid, Social security, and warmongeing.
A single simple consumption tax would be even better than a flat tax. Look up the “Fair Tax”.
Get the government the hell out of peoples pockets....they can get rid of three quarters of the government and we would be way better off
Did you know money for treason is tax free? Would you like to know more?
That's why more Americans are getting HIGH..
Cheat on your taxes as much as you can
That's the American way..Those that come here legally were taught not too
That's what Hannity said.
One thing that's clearly not "fair" about the current tax income tax system is that over 50% of income earning Americans don't pay any income tax, and in fact, many of those get credits back. The problem with this system is that over 50% of American income earners don't really care if income tax rates go up because they're not going to pay anyway. We need a system where everyone has a stake in the funding of the government, or else very few will care to limit the size of government.
Stop using our tax dollars to fund other countries. Every cent we earn is taxed, enough is enough
100% tariffs on imports. No federal income tax.
Including state and local!
If only expenses went against your profit and any taxes went against your tax owed.
Simple and then sort out rates based on tax brackets to fit tax needs for the country.
Considering I make 50k a year and I get a tax return of $300 ..
Your nuts the companies were forced to pay better wages...So corporate said pandemic over Le s keep the same prices..The corporations are getting the money back...Big corporations are buying any house in big cities...Then jacking up the price ...
if there is no shell game there's no profit
Well, what did you all think would happen? Economics 101 should be mandatory in high school.
WHAT DID YOU THINK WOULD HAPPEN , AMERICA?😯😦😧
Flat tax. We have to get to a flat tax where EVERYONE pays the same percentage, regardless of income. I don't care if you earned $100 or $100billion, pay the same percentage so that we all have the exact same vested interest in the tax code. I would also argue that welfare should come from the states, not the federal government. The federal government should never be providing any level of welfare support to citizens, that's not the federal governments job. Show me where the constitution, the document that explains what power the federal government has, states that the federal government is to provide financial support to American citizens? Spoiler alert, it doesn't say that....anywhere. Just like abortion and education, welfare it's a states issue to manage. Federal government has no business being involved in any of these states issues
Biden needs to get out no taxes pay sad
Smaller Government is so much better
Welfare shouldn't be a career. Neither should being a politician.
Reform welfare! Get able bodied people back in the workfor e.
Looks like that tax cut didn't do much for us did it
Well tHe ball starts with you and your family Joe, you need to pay your fair share of taxes
Consider what taxes are paying for, everything you complain about the government doing.
Mondale and Carter ran on raising taxes
We dont talk about Rabias husband. 🧐📝👍
Businesses have the money so if they dont use that money to hire americans need their taxes raised so the gov can pick up the slack if the businesses can spend the money better on jobs do it and the money wont be there to tax it will be producing more revenue for the company
Hardly anyone hardly ever talks about the social security tax which favor is the rich! I'm not sure the exact number but it is certain point to 125,000 dollars you are not taxed anymore on social security. This means if you make 400,000 or something like that you'll have a couple hundred thousand dollars a year where you're not taking out the 12% social security tax. A bonus for the wealthy! How about the poor guy 400,000 device a tesla he gets a 7,500 tax rebate on his electric junk file while you pay the bill! There's plenty more but that's just the first 2. America First
If you're married and your SOCIAL SECURITY per year is 32,000 combined then you're at poverty level and still pay in income tax.
@@nancybbailey1975 yeah how i know that and then if you work on top of that so much that work is taxable so it makes it so you don't want to work the government set up exactly 100% backwards. The whole life everything in a guy that's just barely making it gets nothing. It has to work that way the millions and millions of taxpayers are in the middle of the road bracket that's where all the money is the very few rich guys are going to make a dent in the deficit and the poor are going to keep wanting from the government therefore we the people middle class are screwed. We are all going to be on guaranteed income property in the next 5 years. Everybody will be guaranteed some kind of check like social security or something maybe 3,000 a month. America first
Social Security was supposed to be temp during the Great Depression but voted into perpetuity to control the masses. Bottom line, that program is unconstitutional.
Just like an economist to come in late and tell us what we already know 🤡
Well my biggest thing for the people that pay taxes and have a job etc etc if you knew how taxes were paid if you had to pay them at the end of the week there would be a revolution the next week
What country is this anymore 🤔
Taxes are way to high for the working class, thank you Trump for giving it to the Rich.
Spending is way to high!
The butt bots are gone here are the new investment bots 😂
Take a moment to report them. I know I do.
Trump 🇺🇸
Its not suspicious it is illegal. Hope is still alive Trump 2024 he has said hell do away with payroll taxes once in office. 🇺🇸
I make 40 k and I’m paying 20% to taxes, around 15% on food and rent. How is this the wealthiest paying their share and not just all out extortion?
>I have about 5% of my portifolio in AAPL stock, any advice on any other that I can grow my $200 k capital to a million dollars?
I have heard a lot of wonderful things about Andras Bohm on the news but didn't believe it until now.
I'm willing to make consultations to improve my situation. What is the most reliable medium to reach him please??
his website appeared right away, You've saved me several hours of research, I appreciate it.
Vote trump 👍🏻
When you want total destruction...and the wealthy will get a tax break.
Inflation would have come no matter who was President. Biden's policies did very little to add anything to the inflation.
as if anyone would be dumb enough to believe you. Go tell biden and his crime family to pay their illegally gained wealth taxes.
Are you kidding me!!! They printed money like there’s no tomorrow. Too much money chasing too few goods! It has everything to do with government policy! And voting has consequences!
Wrong!
The prices are increasing because oil prices are increasing because of their nonsense climate agenda.
The price of oil affects the cost of everything.
Opening up all forms of energy will reduce prices and inflation.
I disagree! The moment Biden took away our independence on energy the inflation started !
This is what why we went to the revolution war our and sisters had enough of paying higher taxes
Practice what you preach biden.
America sees illegals getting EVERYTHING FREE. Citizens be like, where's all my free living?