danielpalos
Diamond Member
- Banned
- #61
Mr. Obama had to bailout the rich not blacks. Now, our One Percenter in Chief, gets to try to "bailout the rich and himself", and reduce social spending on the poor. The right wing should lose all credibility when claiming it is the fault of the poor for staying poor.Because we have massive debt, and wealthiest are benefiting the most.combine that with the tax cut for the elites AKA TrumpCare plan , apparently we do not have a deficit.
Who wants to even pay taxes anymore, I sure don't. If the elites are going to get a double bargain here, they do not need my tax money. There is only so much us middle Americans can take, and this is about it.
The number of individual income tax brackets would shrink from seven to three — 10, 25 and 35 percent — easing the tax burden on most Americans, including the president, although aides did not offer the income ranges for each bracket.
Individual tax rates currently have a ceiling of 39.6 percent and a floor of 10 percent. Most Americans pay taxes somewhere between the two.
The president would eliminate the estate tax and alternative minimum tax, a parallel system that primarily hits wealthier people by effectively limiting the deductions and other benefits available to them — both moves that would richly benefit Mr. Trump. Little is known of Mr. Trump’s tax burden, but one of the small nuggets revealed in the partial release of a 2005 tax return this year was that he paid $31 million under the alternative minimum tax that year.
White House Proposes Slashing Tax Rates, Significantly Aiding Wealthy
Let's play a game. Why should there be an estate tax?
We can discuss ending the inheritance tax once we solve simple poverty, and have no massive debt.TO solve poverty you must first get rid of all liberals, because they are the ones keeping people in poverty and enslaved to the government.We can discuss ending the inheritance tax once we solve simple poverty, and have no massive debtObama Era a new Gilded Age, with Rich Getting Richer, Poor PoorerFederal and state governments spend $1 trillion in taxpayer dollars on America's 80 means-tested welfare programs annually.
- America has spent more on welfare than defense since 1993.
- The War on Poverty has cost $22 trillion -- three times more than what the government has spent on all wars in American history.
The War on Poverty Has Cost $22 Trillion - NCPA
www.ncpa.org/sub/dpd/index.php?Article_ID=25288U.S. National Debt Clock 2008Obama Era a new Gilded Age, with Rich Getting Richer, Poor Poorer
U.S. National Debt Clock : Real Time