GOP wants to screw US over Social Security

[hadit]

2017 (Before the TCJA)

Single Filer	Married Filing Joint	Rate
$38,700 to $93,700	$77,400 to $156,150	25%
$424,950 to $426,700	$424,950 to $480,050	35%
$426,700+	$480,050+	39.6%

2018 (With the TCJA)

Single Filer	Married Filing Joint	Rate
$38,700 to $82,500	$77,400 to $165,000	22%
$200,000 to $500,000	$400,000 to $600,000	35%
$500,000+	$600,000+	37%

For starters, notice that those making between 200k and 424k did not get cut, in fact, many on the lower end of that bracket paid more taxes. Those making over 500k received a 2.6% cut, while those making between 39k and 82k(the largest portion of tax payers) received a 3% cut. In what world is 2.6% bigger than 3.0%? Of course higher earners saved more money because they made more money. These taxpayers still not only pay more money(which is irrelevant) but they also pay a 41% higher tax rate(22% vs 37%) Again, the left-wing narrative of the rich not paying their fair share is a load of crap.

As for what is expiring, yes, nearly everything is expiring. The only exceptions are the corporate tax rate(GOOD!) and some minor provisions on estate taxes.

Interestingly enough, the SALT cap will expire. That will help wealthier Americans. Guess who is the most excited? You guessed it, rich Democrats in blue states. They talk a big game, but when it starts to hit them in the pocketbook, they quickly change their tune.

You have been lied to…again.

Which provisions of the Tax Cuts and Jobs Act expire in 2025?

I remember the democrat wealthy in blue states having a fit when they realized they were going to pay a lot more state income tax. It would seem somebody was not paying much attention during that time.

 

[Dagosa]

2017 (Before the TCJA)

Single Filer	Married Filing Joint	Rate
$38,700 to $93,700	$77,400 to $156,150	25%
$424,950 to $426,700	$424,950 to $480,050	35%
$426,700+	$480,050+	39.6%

2018 (With the TCJA)

Single Filer	Married Filing Joint	Rate
$38,700 to $82,500	$77,400 to $165,000	22%
$200,000 to $500,000	$400,000 to $600,000	35%
$500,000+	$600,000+	37%

For starters, notice that those making between 200k and 424k did not get cut, in fact, many on the lower end of that bracket paid more taxes. Those making over 500k received a 2.6% cut, while those making between 39k and 82k(the largest portion of tax payers) received a 3% cut. In what world is 2.6% bigger than 3.0%? Of course higher earners saved more money because they made more money. These taxpayers still not only pay more money(which is irrelevant) but they also pay a 41% higher tax rate(22% vs 37%) Again, the left-wing narrative of the rich not paying their fair share is a load of crap.

As for what is expiring, yes, nearly everything is expiring. The only exceptions are the corporate tax rate(GOOD!) and some minor provisions on estate taxes.

Interestingly enough, the SALT cap will expire. That will help wealthier Americans. Guess who is the most excited? You guessed it, rich Democrats in blue states. They talk a big game, but when it starts to hit them in the pocketbook, they quickly change their tune.

You have been lied to…again.

Which provisions of the Tax Cuts and Jobs Act expire in 2025?

Congratulations, you just proved my point. The richest who are tied to stock options foolish, don’t pay income tax. That’s why the corporate tax rate cuts benefit the very rich so much, many paid nothing and it was permanent…
And no, it helped no one but the rich. We had your recession and under Biden we are now the worlds strongest economy.
And yes, it ALL sunset except for the top who benefit most from corporate tax cuts. The big lie number one…trickle down economy

 

[Dagosa]

I remember the democrat wealthy in blue states having a fit when they realized they were going to pay a lot more state income tax. It would seem somebody was not paying much attention during that time.

The Economy Under Democratic vs. Republican Presidents - The Economy Under Democratic vs. Republican Presidents - United States Joint Economic Committee

 

[Dagosa]

As for what is expiring, yes, nearly everything is expiring.

Congrats….except corporate tax cuts

 

[Zincwarrior]

Can you do the seniors eating dog food thingy next?

That was funnier when I didn't have the Poodle. She has doggie treats that smell and look just like beef jerky.

 

[Dagosa]

I remember the democrat wealthy in blue states having a fit when they realized they were going to pay a lot more state income tax. It would seem somebody was not paying much attention during that time.

 

[hadit]

The Economy Under Democratic vs. Republican Presidents - The Economy Under Democratic vs. Republican Presidents - United States Joint Economic Committee

Trying to ignore the impact the House and Senate have?

 

[hadit]

View attachment 1030304

You weren't paying much attention?

 

[SweetTea]

Congratulations, you just proved my point. The richest who are tied to stock options foolish, don’t pay income tax. That’s why the corporate tax rate cuts benefit the very rich so much, many paid nothing and it was permanent…
And no, it helped no one but the rich. We had your recession and under Biden we are now the worlds strongest economy.
And yes, it ALL sunset except for the top who benefit most from corporate tax cuts. The big lie number one…trickle down economy

80% of Wall Street are Democrats. You still haven't figured it out yet have you? You guys are economically illiterate.

 

[Dagosa]

Trying to ignore the impact the House and Senate have?

You mean the gop controlled house and senate under Bush and Trump who passed the tax cuts for the rich ?

The congress including the president, allocates the money, the administration actually spends the money or not. One of his cabinet positions the treasury department signs the checks. He is the ceo in charge of ADMINISTRATION. What part of ADMINISTRATION DON’T YOU UNDERSTAND what part of, the budget TAX CUTS for the rich were passed under REPUBLICAN CONTROLLED CONGRESS.
The Fed controlling interest rates are a cabinet position under the admin.

 

[Dagosa]

80% of Wall Street are Democrats. You still haven't figured it out yet have you? You guys are economically illiterate.

Prove it…..So now, you’re talking about Wall Street. You want to start a new thread ? If They support dems because dens are BETTER FOR THE ECONOMY.

 

[Dagosa]

80% of Wall Street are Democrats. You still haven't figured it out yet have you? You guys are economically illiterate.

10 of last 11 recessions under gop administrations.

 

[Dagosa]

You weren't paying much attention?

Sure.

 

[ThunderKiss1965]

Tax breaks for billionnaires is AOK. Whining about Trans, lets do it. But hold on for one second while we screw our voters over.​

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GOP faces internal battle over raising age for Social Security​

GOP faces internal battle over raising age for Social Security

Republicans are battling among themselves over whether to push reforms to reduce Social Security spending, with some conservatives rallying around the idea of raising the retirement age. Republican…

thehill.com

The unfunded liabilities for social security for the next 75 years is close to 20 trillion. I'm curious as to how the fuck do you loons think that is going to be covered ?

 

[Dagosa]

The unfunded liabilities for social security for the next 75 years is close to 20 trillion. I'm curious as to how the fuck do you loons think that is going to be covered ?

Easily…..Medicare for all which has eligibility attached to SS, raise the cap every-time BEFORE there was a gop scare and keep debt ridden gop out if office.

 

[hadit]

You mean the gop controlled house and senate under Bush and Trump who passed the tax cuts for the rich ?

The congress including the president, allocates the money, the administration actually spends the money or not. One of his cabinet positions the treasury department signs the checks. He is the ceo in charge of ADMINISTRATION. What part of ADMINISTRATION DON’T YOU UNDERSTAND what part of, the budget TAX CUTS for the rich were passed under REPUBLICAN CONTROLLED CONGRESS.
The Fed controlling interest rates are a cabinet position under the admin.

You continue getting it wrong, those tax cuts benefitted all taxpayers, myself included. Did you miss out or something?

 

[hadit]

Sure.
View attachment 1030325

You seem to have forgotten the SALT increases the wealthy democrats in blue states didn't like very much.

 

[WEATHER53]

Tax breaks for billionnaires is AOK. Whining about Trans, lets do it. But hold on for one second while we screw our voters over.​

​

GOP faces internal battle over raising age for Social Security​

GOP faces internal battle over raising age for Social Security

Republicans are battling among themselves over whether to push reforms to reduce Social Security spending, with some conservatives rallying around the idea of raising the retirement age. Republican…

thehill.com

There are about 309 billionaires in the USA and none are liquid so
It’s another lying lib loon feelings fest to be spouting off about billionaires all the time

 

[22lcidw]

You mean the gop controlled house and senate under Bush and Trump who passed the tax cuts for the rich ?

The congress including the president, allocates the money, the administration actually spends the money or not. One of his cabinet positions the treasury department signs the checks. He is the ceo in charge of ADMINISTRATION. What part of ADMINISTRATION DON’T YOU UNDERSTAND what part of, the budget TAX CUTS for the rich were passed under REPUBLICAN CONTROLLED CONGRESS.
The Fed controlling interest rates are a cabinet position under the admin.

Progs do not like to give tax cuts out. A huge tax cut for the working class/retired class would help out. A commercial the Progs are running has a blue-collar guy spouting the working class will get a tax cut. I looked for it. Nada. What they will do most likely s what they did before. This time the Trump tax cuts are running out in 2025. So, they will keep the tax cuts the working class got and say they gave the people a tax cut.

 

[hadit]

Progs do not like to give tax cuts out. A huge tax cut for the working class/retired class would help out. A commercial the Progs are running has a blue-collar guy spouting the working class will get a tax cut. I looked for it. Nada. What they will do most likely s what they did before. This time the Trump tax cuts are running out in 2025. So, they will keep the tax cuts the working class got and say they gave the people a tax cut.

They have no choice but to extend them or make them permanent, because the instant they vote to let them expire they will be labelled tax increasers.