5 Ways The “Inflation Reduction Act” Is Stealing Your Money | ZeroHedge

The constant meaningless mantra of “tax the rich” is specifically designed for the simpletons who keep voting for the same politicians who turn around and take more and more out of the working people’s paychecks. Do you think having to report 600.00 transactions or hiring 87,000 IRS agents has anything to do with taxing the rich? Wake up!

Thanks to this “Inflation Reduction Act,” our lives are about to get even more expensive for just about everyone. If you’re saving money for retirement, heating your home or driving a car, well, get ready to start paying higher prices.That’s because of several new taxes that were tucked away in the 274 pages of the Inflation Reduction Act. Those new taxes have become law as of January 1st, 2023.I’d argue this is a clear contradiction of Biden’s campaign promise that he wouldn’t tax Americans who have annual incomes under $400,000. This is open to debate, however – because the new taxes we’re discussing today don’t target the average American household directly. Rather, everyday hard-working families are collateral damage of the Biden administration’s battle against “greedy corporations, evil energy companies” and the like.So let’s go through five new taxes aimed at the “greedy” and “evil” that will ultimately punish everyone.What’s wrong with taxing the greedy and the evil?If we view taxes as punishment (rather than as a method to finance public services), then we can understand why any administration would want to raise taxes on the “greedy” and the “evil.” Honestly, if a company or industry is actually evil, you’d think law enforcement rather than the IRS would get involved? Regardless, it’s easy to feel good about out-of-favor businesses and industries being punished.There’s just one small problem: the punishment doesn’t stop with the corporation paying higher taxes.

5 Ways The “Inflation Reduction Act” Is Stealing Your Money | ZeroHedge