If you’re reading this, the Inflation Reduction Act of 2022 will most likely raise your taxes. Even those who aren’t reading this will see their taxes go up, despite claims by Joe Biden to the contrary.
“The Inflation Reduction Act of 2022 will lower health care costs for millions of Americans. And, for the first time in a long time, make the largest corporations pay their fair share without any new taxes on people making under $400,000 a year,” Biden tweeted on Sunday.
” … And he who earns wages,
Earns wages to put into a bag with holes.” Haggai 1:6
(President Joe Biden 1 years ago)
I’m sure whoever wrote that tweet on Biden’s behalf believed it, too. However, according to an analysis by the nonpartisan Joint Committee on Taxation (JCT) the only people who won’t see their taxes go up are those who make between $10,000 and $30,000 a year. Everyone else will be paying more.
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