2017 Tax Cuts Helped Super-rich Pay Lower Rate Than Bottom 50 Percent

[RDD_1210]

We're all being taken advantage of by the upper 1%. The nonsense that we bicker about just allows them to continue to bleed us dry and enrich themselves even further.

" Showed that since the 1960s the effective rate paid by the richest 400 families has been in general decline amid tax cuts and the emergence of sophisticated tax avoidance. Then, in 2018, their tax rate fell sharply. Those families paid an effective average tax rate of 23 percent that year, below the 24.2 percent paid by the bottom half of American households. Back in the 1960s, the richest were paying close to 60 percent and the bottom half just over 20 percent"

Trump's 2017 tax cuts helped super-rich pay lower rate than bottom 50 percent: Economists

 

[RDD_1210]

Trump gave the rich a trillion dollars in tax cuts. That’s enough to money spend a million dollars every single day from 700 BC to 2019 AD.

A million dollars, blown, every single day. From the beginnings of Ancient Rome, to Jesus, through the dark ages and the Renaissance, America’s founding and every day of its existence.

A million dollars every day of every week, every week of every month, every month of every year, every year of every decade, every decade of every century, every century of every millennium.

And they didn’t even need it. While 20% of our children live in poverty, which makes us close to the worst developed country at taking care of our kids.

 

[miketx]

Trump gave the rich a trillion dollars in tax cuts. That’s enough to money spend a million dollars every single day from 700 BC to 2019 AD.

A million dollars, blown, every single day. From the beginnings of Ancient Rome, to Jesus, through the dark ages and the Renaissance, America’s founding and every day of its existence.

A million dollars every day of every week, every week of every month, every month of every year, every year of every decade, every decade of every century, every century of every millennium.

And they didn’t even need it. While 20% of our children live in poverty, which makes us close to the worst developed country at taking care of our kids.

Total bullshit.

 

[depotoo]

Trump gave the rich a trillion dollars in tax cuts. That’s enough to money spend a million dollars every single day from 700 BC to 2019 AD.

A million dollars, blown, every single day. From the beginnings of Ancient Rome, to Jesus, through the dark ages and the Renaissance, America’s founding and every day of its existence.

A million dollars every day of every week, every week of every month, every month of every year, every year of every decade, every decade of every century, every century of every millennium.

And they didn’t even need it. While 20% of our children live in poverty, which makes us close to the worst developed country at taking care of our kids.

Poverty Rate for People in Female-Householder Families Lowest on Record

 

[RDD_1210]

Trump gave the rich a trillion dollars in tax cuts. That’s enough to money spend a million dollars every single day from 700 BC to 2019 AD.

A million dollars, blown, every single day. From the beginnings of Ancient Rome, to Jesus, through the dark ages and the Renaissance, America’s founding and every day of its existence.

A million dollars every day of every week, every week of every month, every month of every year, every year of every decade, every decade of every century, every century of every millennium.

And they didn’t even need it. While 20% of our children live in poverty, which makes us close to the worst developed country at taking care of our kids.

Total bullshit.

Thanks Mike. I'm glad you agree.

 

[Mr Natural]

It’s what republicans do best

 

[Oddball]

Easy solution: abolish income taxation......End the sniveling.

 

[RDD_1210]

Easy solution: abolish income taxation......End the sniveling.

Simple ideas from simple people.

 

[Oddball]

Easy solution: abolish income taxation......End the sniveling.

Simple ideas from simple people.

Simple ideas that stop wormy little demagogue bitches like you from your constant demagoguery and bitching are the best.

 

[RDD_1210]

Easy solution: abolish income taxation......End the sniveling.

Simple ideas from simple people.

Simple ideas that stop wormy little demagogue bitches like you from your constant demagoguery and bitching are the best.

Oh this is fun. This is where I get to ask you, why do you hate the Constitution?

 

[Rambunctious]

Help the super rich and you help the rich...help the rich and you help the middle class...help the middle class and you help the lower class...help the lower class and you help the poor....

 

[Thinker101]

Easy solution: abolish income taxation......End the sniveling.

Simple ideas from simple people.

Simple ideas that stop wormy little demagogue bitches like you from your constant demagoguery and bitching are the best.

Oh this is fun. This is where I get to ask you, why do you hate the Constitution?

You mean the one you loons always want to change?

 

[Oddball]

Easy solution: abolish income taxation......End the sniveling.

Simple ideas from simple people.

Simple ideas that stop wormy little demagogue bitches like you from your constant demagoguery and bitching are the best.

Oh this is fun. This is where I get to ask you, why do you hate the Constitution?

There's no income tax in the Constitution before the fraudulent 16th Amendment.

Beside that, I have come to the conclusion that the Constitution is a flaming failure, so that argument doesn't even work very well on me anymore.

Try again, wormy little demagogue bitch.

 

[Oddball]

Help the super rich and you help the rich...help the rich and you help the middle class...help the middle class and you help the lower class...help the lower class and you help the poor....

I don't even give a fuck about that.

Nobody is helped or benefited by the theft of their life's energy and works.

 

[Ame®icano]

We're all being taken advantage of by the upper 1%. The nonsense that we bicker about just allows them to continue to bleed us dry and enrich themselves even further.

" Showed that since the 1960s the effective rate paid by the richest 400 families has been in general decline amid tax cuts and the emergence of sophisticated tax avoidance. Then, in 2018, their tax rate fell sharply. Those families paid an effective average tax rate of 23 percent that year, below the 24.2 percent paid by the bottom half of American households. Back in the 1960s, the richest were paying close to 60 percent and the bottom half just over 20 percent"

Trump's 2017 tax cuts helped super-rich pay lower rate than bottom 50 percent: Economists

Bullshit.

According to the Congressional Budget Office, in fiscal year 2019, which ended in September, corporate income taxes raised $230 billion.

That’s $25 billion more than the year before and amounts to an increase of 12.4%, or roughly three times the growth rate of the overall economy.

Every single Democrat running for president has railed against the Tax Cut and Jobs Act of 2017, calling it a giveaway to corporations. Every one of candidates wants the corporate tax cuts “rolled back,” to there they were. Pocahontas wants to go so far as to impose what amounts to a graduated income tax rate on corporations.

When taxes were cut in 2017, CBO said corporate revenues would come in at $409 billion in the first two years of the corporate tax cuts. The actual revenues were $435 billion, which is 7% higher. At the same time, individual income tax revenues were up 2% in 2019, and payroll tax revenue was up by 6.2%. That bring overall revenue to be up 4% in 2019.

Just to compare it with Barry's last year in office... corporate tax revenues were down by almost 13%. Individual income taxes were near flat , up by 0.4%. Payroll taxes grew less than 5%.

Tax cuts are working for everyone.

 

[RDD_1210]

Easy solution: abolish income taxation......End the sniveling.

Simple ideas from simple people.

Simple ideas that stop wormy little demagogue bitches like you from your constant demagoguery and bitching are the best.

Oh this is fun. This is where I get to ask you, why do you hate the Constitution?

You mean the one you loons always want to change?

Yes, thats the one. Why do you hate it?

 

[RDD_1210]

Easy solution: abolish income taxation......End the sniveling.

Simple ideas from simple people.

Simple ideas that stop wormy little demagogue bitches like you from your constant demagoguery and bitching are the best.

Oh this is fun. This is where I get to ask you, why do you hate the Constitution?

There's no income tax in the Constitution before the fraudulent 16th Amendment.

Beside that, I have come to the conclusion that the Constitution is a flaming failure, so that argument doesn't even work very well on me anymore.

Try again, wormy little demagogue bitch.

Oh so you do hate the Constitution.

This is when I ask why you hate America.

 

[Jitss617]

We're all being taken advantage of by the upper 1%. The nonsense that we bicker about just allows them to continue to bleed us dry and enrich themselves even further.

" Showed that since the 1960s the effective rate paid by the richest 400 families has been in general decline amid tax cuts and the emergence of sophisticated tax avoidance. Then, in 2018, their tax rate fell sharply. Those families paid an effective average tax rate of 23 percent that year, below the 24.2 percent paid by the bottom half of American households. Back in the 1960s, the richest were paying close to 60 percent and the bottom half just over 20 percent"

Trump's 2017 tax cuts helped super-rich pay lower rate than bottom 50 percent: Economists

Because they gave raises and created jobs ..

 

[RDD_1210]

We're all being taken advantage of by the upper 1%. The nonsense that we bicker about just allows them to continue to bleed us dry and enrich themselves even further.

" Showed that since the 1960s the effective rate paid by the richest 400 families has been in general decline amid tax cuts and the emergence of sophisticated tax avoidance. Then, in 2018, their tax rate fell sharply. Those families paid an effective average tax rate of 23 percent that year, below the 24.2 percent paid by the bottom half of American households. Back in the 1960s, the richest were paying close to 60 percent and the bottom half just over 20 percent"

Trump's 2017 tax cuts helped super-rich pay lower rate than bottom 50 percent: Economists

Bullshit.

According to the Congressional Budget Office, in fiscal year 2019, which ended in September, corporate income taxes raised $230 billion.

That’s $25 billion more than the year before and amounts to an increase of 12.4%, or roughly three times the growth rate of the overall economy.

Every single Democrat running for president has railed against the Tax Cut and Jobs Act of 2017, calling it a giveaway to corporations. Every one of candidates wants the corporate tax cuts “rolled back,” to there they were. Pocahontas wants to go so far as to impose what amounts to a graduated income tax rate on corporations.

When taxes were cut in 2017, CBO said corporate revenues would come in at $409 billion in the first two years of the corporate tax cuts. The actual revenues were $435 billion, which is 7% higher. At the same time, individual income tax revenues were up 2% in 2019, and payroll tax revenue was up by 6.2%. That bring overall revenue to be up 4% in 2019.

Just to compare it with Barry's last year in office... corporate tax revenues were down by almost 13%. Individual income taxes were near flat , up by 0.4%. Payroll taxes grew less than 5%.

Tax cuts are working for everyone.

Link to any of this? Or should I just take your word for it?

 

[RDD_1210]

We're all being taken advantage of by the upper 1%. The nonsense that we bicker about just allows them to continue to bleed us dry and enrich themselves even further.

" Showed that since the 1960s the effective rate paid by the richest 400 families has been in general decline amid tax cuts and the emergence of sophisticated tax avoidance. Then, in 2018, their tax rate fell sharply. Those families paid an effective average tax rate of 23 percent that year, below the 24.2 percent paid by the bottom half of American households. Back in the 1960s, the richest were paying close to 60 percent and the bottom half just over 20 percent"

Trump's 2017 tax cuts helped super-rich pay lower rate than bottom 50 percent: Economists

Because they gave raises and created jobs ..

Good boy, roll over now.