taxes Archives - Politically Incorrect Humor

Political Memes and Funny Pictures

Social Media Posts of the Day

Don’t Ask Questions, Conspiracy Theorists!

Attack on Paul Pelosi: Bring on the Left-Wing Hypocrisy – Larry Elder

Random Pre-Election Thoughts from a Dangerous Extremist Threat to Democracy

Is there anyone in the mainstream media capable of an original thought? Not only do they stick to the same Ruling Class-approved narratives, they use the exact same words. I think the newly-invented term “election denier” has been used more in the past few weeks than in the previous history of mankind. It’s exclusively used by leftist/Establishment types who want to stop all discussion and intimidate the population into whatever gaslighting BS they spew out. “Denier” is being added to everything the liberals want to silence dissent on: climate change denier, science denier, election denier, January 6th insurrection denier….how long before we start hearing Pelosi right-wing attack denier? The denier description is purely to lump anyone who makes common sense observations in with the same nuts as Holocaust deniers. It’s hateful and divisive, and it needs to be answered EVERY time the words are spoken in the way Kari Lake did. BTW, I dare you to try to find the video of her perfect response in a Google search. It’s been filtered out the same way they did with Fauci Covid flip-flops. I found it on the first link in DuckDuckGo.

Speaking of election deniers, why is Biden suddenly focusing all his pre-midterm energy on such attacks? It’s simple–the prominent people who question the 2020 election shenanigans are the exact kind of people that will work to stomp out the Democratic cheating techniques used in this and every future election. Cheating in elections is one of the pillars of Democratic power, and it’s slipping away. Consider all the other pillars that are collapsing:

Mainstream Media. Virtually no one believes their BS propaganda anymore. In fact, their attacks on a candidate often drive up that person’s popularity, as it is with Kari Lake, who is opening up double-digit leads despite 100% negative coverage.
Big Tech Censorship. People are increasingly using alternative social media and search engines. Twitter, Parler, MeWe, and Truth Social are now owned by conservative/libertarians. Facebook is plummeting in users & influence while their fact checks have become the butt of jokes.
Education. Parents are actively working to fix leftist curriculum, moving their kids to private schools, or homeschooling. Colleges are massively losing donations & enrollments as Americans switch to cheap online learning and tech schools, which teach more practical skills rather than what pronouns to use and the joys of communism.
Entertainment. Joe Rogan, Gina Carano, Kanye West, Kelsey Grammar, Elon Musk, Aaron Rodgers, Rob Schneider, Adam Corolla, and so many others are starting to break from the mindless Leftist groupthink among prominent celebrities. And few Americans put any stock in their leftist parroting anyway.

So if the Left can’t cheat, they’re screwed. We all know they will try to do a repeat of 2020, but it’s simply not going to work this time. The polls show a massive red wave, more election controls are in place, and there are way too many eyes on everything. Note: Biden’s “voter intimidation” = conservatives passively observing vote counting, filming dropboxes, volunteering as poll works, or simply asking for ID. In other words, ANYTHING that will prevent the Dems from cheating is a “threat to democracy.”

We are witnessing the most divisive president in the history of America, and it’s not even close. Trump was divisive to be sure, but he saved his attacks for Ruling Class/Establishment types and their prominent enablers. Biden, on the other hand, regularly attacks half the population with the most slanderous, hate-filled rhetoric we’ve ever seen. And really, what else can he do than try to turn Americans against each other? Is there anything in his record that can even remotely be spun as a success?

Examining the Biden presidency, one thing that is not getting enough attention is the national debt and annual deficits, which are pushing America to the brink of financial collapse. It’s bad enough that we have record deficits due to insane Covid spending & Biden’s laughably-named Inflation Reduction Act, but consider that already-unsustainable deficits had the advantage of record tax revenues, a by-product of all-time highs in the stock market, corporate profits, and personal income coming out of the Trump presidency. What about next year? The taxes collected from all those stock gains will turn to deductions from huge stock losses. Plummeting corporate & personal incomes means less income tax. As for spending, we know that government never cuts spending once it jacks it up, but consider that most of the spending will not even be controllable. Social security just had one of the biggest cost-of-living adjustment in history. Interest on the national debt is going up with every CPI report & Fed rate hike. Health care expenses are going up like everything else in the inflationary environment. So I’m sorry to say, get ready for deficits like you’ve never seen in 2023…globalists’ Modern Monetary Theory in action.

Speaking of taxes, Dems’ Inflation Reduction Act will double the number of IRS agents to roughly 165,000. We currently have less than 20,000 border patrol agents, in case you were wondering where Biden’s priorities lie.

Sorry to mention Kari Lake again, but she is perfectly executing the most important technique every conservative/libertarian should be using in their campaigns–preparation. As I mentioned, the media uses the exact same talking points across the board. Be ready with a response to every single one, complete with examples and sources. They will no doubt lie, misdirect, name-call, and toss out overgeneralized statements like “experts all agree,” but this kind of BS crumbles when you can whip out reports with quotes & sources. Trump rightfully fought against nonstop unfair media attacks, but too often he resorted to name-calling and personal attacks rather than logic & persuasion, which is why I really don’t think he’s the best person to lead the conservative moment. Ron DeSantis, Kari Lake, Blake Masters, and others are the wave of the future. And yes I know, these candidates aren’t all perfect, but there will never be a perfect candidate, so we must go with ones who have principles and who can change hearts & minds.

Quote of the Day

Message of the Day

Political Memes and Funny Pictures

But Don’t You Dare Turn on the Air Conditioning or Eat a Cheeseburger, Peasants!

The Accountants/Lawyers Full Employment Act

Manchin Agrees to Climate, Tax Bill – Would Impose 15% Minimum Tax on Corporations & Add Imported Oil Tax

Any accountant will tell you the only thing more complicated than the U.S. individual tax system is the U.S. corporate tax system. To make matters worse, businesses must essentially maintain two sets of books, one intended for investors based on logical Generally Accepted Accounting Principles, and a second based on millions of pages of illogical politician rules written over hundreds of years. The goal of the first is to provide comparable, predictive information on a company’s financial performance, called “book income.” The goal of the second is to minimize the amount of money stolen by the government, called “taxable income.”

Since the two systems use vastly different rules, it distorts the effective rate a company is paying in taxes. For example, say a company loses $1 billion in 2021. No tax is due because there is no income to tax. Now say in 2022 the company earns $1 billion. Existing tax rules allow you to use the 2021 loss as a credit against 2022 income, so no tax is due. This makes sense since if you add the two years together, the company broke even. So in 2022, the “book income” is $1 billion, while the “taxable income” is zero. This is where the economically illiterate leftists scream, “See! Capitalism sucks! A corporation makes $1 billion and pays zero in taxes!!!”

The Manchin-Schumer “Inflation Reduction Act” imposes a 15 percent minimize tax on corporate income. So what the hell is this going to mean in practice? In the above example, a company that broke even would be paying $150 million in taxes, unless of course they put in more exceptions, phaseouts, brackets, credits, and other IRS bullshit. This is also where they bury loopholes in 3000-page bills to make sure their buddies pay nothing more, while the honest, productive companies get screwed and overall business efficiency drops again. But hey, at least they can brag on the campaign trail how they made the rich pay their “fair share.” And of course, this massive spending bill will decrease inflation. 👌🙄