Wealthy Americans tax cut 10 times bigger than a middle class family

[366h34d]

Trump Tax Cuts Helped Billionaires Pay Less Taxes Than The Working Class In 2018​

Trump Tax Cuts Helped Billionaires Pay Less Taxes Than The Working Class In 2018

For the first time ever, America’s 400 wealthiest people paid a lower tax rate in 2018 than any other group of people, according to a new study completed by economists Emmanuel Saez and Gabriel Zucman.

www.forbes.com

what is the point? Dems and GOPs, or Trump and Biden, are the same. Two wrongs do not make one right. Then, "Tax the Rich" is Biden's idea.

 

[easyt65]

I love it when idiots like you think they know things… makes me laugh and say “Ok buddy!”

I love when ignorant snowflake assholes like you try to post 'cute' little comments that add nothing to the conversation but is Intended to try to make yourselves appear as if you have a clue and leaves you looking like an idiot.

Thank you for the entertainment.

 

[LeftofLeft]

taxes are not punishment they are a Constitutional right.

That’s not what we are arguing. Bring the goalpost back or start a new thread.

 

[LeftofLeft]

“Punishing the wealthy” is kind of an oxymoron don’t you think? They are wealthy both before and after they are taxed so what’s the punishment?

I’m not saying no taxes for the wealthy. The high income earners already pay 70 percent of the tax bill and you people are hung up on rate differentials between the classes. The earners are already paying a supermajority of the bill. Class warfare is no path to prosperity or even “fairness”. See North Korea and Cuba.

 

[Slade3200]

I love when ignorant snowflake assholes like you try to post 'cute' little comments that add nothing to the conversation but is Intended to try to make yourselves appear as if you have a clue and leaves you looking like an idiot.

Thank you for the entertainment.

I’m not trying act like inhale a clue about anything. I’m laughing at you because you read something on the internet and now think you have a clue. Funny stuff

 

[Slade3200]

I’m not saying no taxes for the wealthy. The high income earners already pay 70 percent of the tax bill and you people are hung up on rate differentials between the classes. The earners are already paying a supermajority of the bill. Class warfare is no path to prosperity or even “fairness”. See North Korea and Cuba.

The earners should be paying the vast majority of the bill, that’s the point of taxation. Without that the owners/top earners would vacuum up all the money and we would live in a state of corporate socialism

 

[Thinker101]

The earners should be paying the vast majority of the bill, that’s the point of taxation. Without that the owners/top earners would vacuum up all the money and we would live in a state of corporate socialism

You do realize increasing the SALT deduction helps top earners vacuum up more money?

 

[easyt65]

I’m not trying act like inhale a clue about anything. I’m laughing at you because you read something on the internet and now think you have a clue. Funny stuff

I don't rely on the internet alone, dupe - I watched a briefing in it in which Manchin warned about it.

Fail.

 

[LeftofLeft]

The earners should be paying the vast majority of the bill, that’s the point of taxation. Without that the owners/top earners would vacuum up all the money and we would live in a state of corporate socialism

Then why the bullshit complaint about the lower rate for the earners if they are already paying the vast majority of the bill?

 

[Slade3200]

You do realize increasing the SALT deduction helps top earners vacuum up more money?

Yup but it also effects middle class home owners in areas with expensive standards of living

 

[Slade3200]

g

I don't rely on the internet alone, dupe - I watched a briefing in it in which Manchin warned about it.

Fail.

Manchin warned against Biden criminally owing 500k in back taxes?

 

[Slade3200]

Then why the bullshit complaint about the lower rate for the earners if they are already paying the vast majority of the bill?

Because the top earners are still sucking up larger and larger percentages of the wealth. How do you propose balancing that out?

 

[easyt65]

Yup but it also effects middle class home owners in areas with expensive standards of living

So you are advocating adding a trillion dollars in debt for Democrat pork projects because it tosses some scraps to help offset timing cost of inflation, energy, food, and everything else due to Biden's fucked up failed, self-inflicted wound policies....

 

[easyt65]

g

Manchin warned against Biden criminally owing 500k in back taxes?

No.
Fail.
Keep up.

 

[BluesLegend]

“Punishing the wealthy” is kind of an oxymoron don’t you think? They are wealthy both before and after they are taxed so what’s the punishment?

Do you need a 5th grader to explain this to you?

 

[Rye Catcher]

Dems demanded tax increases on the wealthy. Trump increased taxes on the wealthy. Dems squealed like stuck pigs.

LOL ^^^ and a damn lie. The Democrats are split on how to repair the Tax Bill past by the t;hen Republican Leader in The House of Rep. and the then Leader of the Senate (Moscow Mitch) signed by Trump.

[BTW Both Ryan and McConnell lost the majority and passed the bill as lame ducks]

The D's support a fair tax bill which works to close the inequality of wealth/income in America. Trump did not increase the taxes of the very wealthy, the top two tax brackets were eliminated and corporations received a nice new and low percentage of taxes.

BTW it has been reported that 100 of the largest corporations did not pay any income tax since the passage of the "reform" tax bill.

 

[jc456]

Rich Americans could come out much further ahead of middle-class families in President Joe Biden's $1.75 trillion social spending bill.

• Democrats are about to include a massive tax cut for the wealthy in their social spending plan.
• The plan could deliver much larger benefits to high-earners compared to middle-income families.
• Democrats argue that passage of the SALT cap in the Trump tax law was punitive to blue-state voters.

Congressional Democrats are trying to raise the total amount of state and local taxes that people can deduct from their overall tax bills, known as the SALT cap. The House legislation lifts it to $80,000 from it's current $10,000 cap through 2026, undoing part of President Donald Trump's signature tax law.

That measure alone will provide a tax cut to wealthy households that's 10 times bigger than the largest tax benefit for middle-income families earning $50,000 – the child tax credit expansion – per a new analysis from the nonpartisan Committee for a Responsible Federal Budget.

Great job, ya fricken liberal loons.

Wealthy Americans may get a tax cut 10 times bigger than a middle class family in the Biden social spending bill

From what I read, they want to put back in the ability to use state and local property taxes back to where they were before trump capped it at 10,000.

 

[jc456]

“Punishing the wealthy” is kind of an oxymoron don’t you think? They are wealthy both before and after they are taxed so what’s the punishment?

I do know they laugh at idiots like you when they make their money back on increasing prices for you to pay them back with.

 

[jc456]

LOL ^^^ and a damn lie. The Democrats are split on how to repair the Tax Bill past by the t;hen Republican Leader in The House of Rep. and the then Leader of the Senate (Moscow Mitch) signed by Trump.

[BTW Both Ryan and McConnell lost the majority and passed the bill as lame ducks]

The D's support a fair tax bill which works to close the inequality of wealth/income in America. Trump did not increase the taxes of the very wealthy, the top two tax brackets were eliminated and corporations received a nice new and low percentage of taxes.

BTW it has been reported that 100 of the largest corporations did not pay any income tax since the passage of the "reform" tax bill.

then why does xiden want to remove trump's cap on using interest money, state and local property taxes to deduct at tax time?

 

[LeftofLeft]

Because the top earners are still sucking up larger and larger percentages of the wealth. How do you propose balancing that out?

Balancing wealth is another name for income equality. In either case, I don’t propose to balance that out because it will eliminate equal economic opportunity and it’s impossible. It does not work. The only result is a fundamental transformation of the US into another socialist country with a true 1 percent that locks out the masses and eliminates economic opportunity ….. which is why immigrants come to US.