Middle Class to Get 23% of Tax Cuts (guess who gets the other 77%?)

[deanrd]

If right wingers could place the political biases aside, they'd be pissed also......


Middle Class to Get 23% of Tax Cuts for Individuals Under GOP Bill

Benefits mostly peter out after a decade, joint committee on taxation finds

Taxpayers earning $500,000 or more a year would see the biggest cuts in average tax rates under the Republican tax plan, while lower-income households would see smaller cuts in the early years of the decade and then petering out or reversing as tax cuts expire.

The Middle-Class Tax Cut That’s Really a Hike
Under the House plan, a family making $59,000 would pay more in 2024 than they did last year.

A Quinnipiac University poll released last week found that 55% of those surveyed disapprove of the tax plan, compared with 26% who support it. Republicans were the only group who supported the tax plan, with the support of 66%.

Middle Class to Get 23% of Tax Cuts for Individuals Under GOP Bill

In political gamble, GOP gives permanent tax cuts to corporations, but ...

USMB Republicans call everything you've said "a good plan".

They are hopeless.

 

[Meathead]

Damn, the 47% that don't pay taxes

Moron.........Are you stating that poor people don't pay ANY taxes???

(the screen name "Meathead" fits you PERFECTLY......LOL)

Do you want a tax cut for those who don't pay taxes, or are you serious about avoiding sales tax for people like you only?/

 

[Soggy in NOLA]

If right wingers could place the political biases aside, they'd be pissed also......


Middle Class to Get 23% of Tax Cuts for Individuals Under GOP Bill

Benefits mostly peter out after a decade, joint committee on taxation finds

Taxpayers earning $500,000 or more a year would see the biggest cuts in average tax rates under the Republican tax plan, while lower-income households would see smaller cuts in the early years of the decade and then petering out or reversing as tax cuts expire.

The Middle-Class Tax Cut That’s Really a Hike
Under the House plan, a family making $59,000 would pay more in 2024 than they did last year.

A Quinnipiac University poll released last week found that 55% of those surveyed disapprove of the tax plan, compared with 26% who support it. Republicans were the only group who supported the tax plan, with the support of 66%.

Middle Class to Get 23% of Tax Cuts for Individuals Under GOP Bill

In political gamble, GOP gives permanent tax cuts to corporations, but ...

USMB Republicans call everything you've said "a good plan".

They are hopeless.

Rdean... derpy derpy doo doo.

 

[Toddsterpatriot]

23% of something is way more
than 100% of nothing.

So, next time someone asks you for a loan of $100, you'll readily call it even if that someone gives you back only $23???

Are you THAT ******* stupid and a sucker?

The government is borrowing $1.5 trillion from the middle class?

 

[OKTexas]

Damn, the 47% that don't pay taxes

Moron.........Are you stating that poor people don't pay ANY taxes???

(the screen name "Meathead" fits you PERFECTLY......LOL)

Trying to play word games now, your ignorance is failing miserably and now you want to play with semantics. The poor pay no federal income taxes WHICH IS THE TOPIC OF YOUR OP.


.

 

[Toddsterpatriot]

So, that BORROWED $1.5 Trillion was for some new furniture and zippier golf carts at Mar-A Largo???

On the off chance that your liberal fact-blocking software malfunctions for a minute or two, here is what happened to federal revenue after the Bush tax cuts:

2003 -- $1.78 trillion
2004 -- $1.88 trillion
2005 -- $2.15 trillion
2006 -- $2.40 trillion
2007 -- $2.56 trillion

Total federal revenue for 2008 dropped slightly, down to $2.52 trillion, because a recession started that year, but revenue was still substantially higher than it was in 2003 or 2004. During the same period, income tax revenue rose dramatically, going from $925 billion in 2003 to $1.53 trillion in 2007. As with other types of federal revenue, income tax revenue dropped slightly in 2008, down to $1.45 trillion, due to the fact that a recession began that year.

Furthermore, even in 2009, when the recession neared depression territory and remained severe throughout the year, total federal revenue was $2.10 trillion, which, even adjusted for inflation, was very close to total federal revenue for the boom years of 2005 and 2006.

And here's what happened to federal revenue after the Reagan tax cuts:

1983 -- $326 billion
1984 -- $355 billion
1985 -- $396 billion
1986 -- $412 billion
1987 -- $476 billion
1988 -- $496 billion
1989 -- $549 billion

As you can see, federal revenue rose substantially after the Reagan tax cuts. Revenue rose by over 50% from 1983 to 1988. In 1989, the last year that a Reagan budget was in operation, revenue rose a whopping $53 billion, an increase of 10% from the previous year.

By the way, how are we gonna pay for the $7 trillion that Obama added to the national debt in just 8 years, which was more than Reagan and Bush Jr. added in 16 years?

By the way, how are we gonna pay for the $7 trillion that Obama added to the national debt in just 8 years,

Obama added $9.3 trillion.

Debt to the Penny (Daily History Search Application)

 

[nat4900]

It is so ******* unfair that the people paying the most get the most

THEN, Mr.**** head, you and your dumb ilk should NOT be bullshitting yourselves by calling this tax scam a "Tax cut for the Middle Class"

 

[nat4900]

The poor pay no federal income taxes WHICH IS THE TOPIC OF YOUR OP.

Gee, it was???

 

[CrusaderFrank]

Dems: We're coming for your paycheck!

 

[OKTexas]

The poor pay no federal income taxes WHICH IS THE TOPIC OF YOUR OP.

Gee, it was???

I know you have a bit of a problem staying in reality, but yeah, it is. Of course it's typical of you ignorant regressives to attempt to deflect and play the semantics game when you're getting your ass handed to you in a debate.


.

 

[debbiedowner]

If right wingers could place the political biases aside, they'd be pissed also......


Middle Class to Get 23% of Tax Cuts for Individuals Under GOP Bill

Benefits mostly peter out after a decade, joint committee on taxation finds

Taxpayers earning $500,000 or more a year would see the biggest cuts in average tax rates under the Republican tax plan, while lower-income households would see smaller cuts in the early years of the decade and then petering out or reversing as tax cuts expire.

The Middle-Class Tax Cut That’s Really a Hike
Under the House plan, a family making $59,000 would pay more in 2024 than they did last year.

A Quinnipiac University poll released last week found that 55% of those surveyed disapprove of the tax plan, compared with 26% who support it. Republicans were the only group who supported the tax plan, with the support of 66%.

Middle Class to Get 23% of Tax Cuts for Individuals Under GOP Bill

In political gamble, GOP gives permanent tax cuts to corporations, but ...

I haven't researched or studied enough of this chained cpi index but reading an article from an economist this morning and it may not hurt in 2018 it certainly will military pensions, vets disability, ss and to some extent 401Ks down the road. Anyone dived into this enough to get the full jest?

 

[mikegriffith1]

Taxpayers earning $500,000 or more a year would see the biggest cuts in average tax rates under the Republican tax plan, while lower-income households would see smaller cuts in the early years of the decade and then petering out or reversing as tax cuts expire.

Every one of those statements is false. Look at the Trump tax tables. The biggest rate cuts are going to the middle class, and the rich will end up with a top marginal rate of 37% while the top marginal rate for middle-class people will be no higher than 24% and most middle-income earners will have a top marginal rate of 22%.

As for the claim that in 2024 middle-income folks will pay more than they did last year, how could that be when their rates will revert to 2017 rates in 2024 **if** the tax cuts are not extended or made permanent?

By the way, the Democrats blocked Republican efforts to make the personal income tax cuts permanent. So why do you guys keep whining about this? Go talk to your fellow libs in Congress who refused to make the personal income tax cuts permanent.

 

[Skull Pilot]

How much less will they pay in 2018, in 2019, in 2020, in 2021, in 2022 and in 2023?

Planning on kicking the bucket before 2024???...........Go right ahead.....LOL

So 7 or 8 years of savings is wiped out by one year of income tax in 2024? Tell me how much more exactly will that family be paying in 2024?

 

[BlackSand]

Every one of those statements is false. Look at the Trump tax tables. The biggest rate cuts are going to the middle class, and the rich will end up with a top marginal rate of 37% while the top marginal rate for middle-class people will be no higher than 24% and most middle-income earners will have a top marginal rate of 22%.

That's only looking at individual tax rates ... The largest cuts passed go to small business owners or FTE's (flow through entities).

.

 

[9thIDdoc]

23% of something is way more
than 100% of nothing.

So, next time someone asks you for a loan of $100, you'll readily call it even if that someone gives you back only $23???

Are you THAT ******* stupid and a sucker?

Are you ******* stupid enough to think a tax cut is a loan?

 

[Wyatt earp]

How much less will they pay in 2018, in 2019, in 2020, in 2021, in 2022 and in 2023?

Enjoy that 23% of that BORROWED $1.5 Trillion.......The filthy rich will certainly enjoy the other 77%.............LOL

There is no money “borrowed” for taxes moron. People are making money and the government is just taking less of it.

The government also spends money. You didn't know that?

Yea on the mating habits of worms, killing baby's, junk science AGW, $100,000 A year copy boys..

 

[nat4900]

Are you ******* stupid enough to think a tax cut is a loan?

**** heads like you that are part of the Trump Cult would never understand,,,

The tax cuts means that less revenue is coming to the treasury

Since spending has NOT gone down the shortfall would have to be made up by ******* BORROWING (which even to an idiot like you should mean a loan.)

Further, since the rich bastards' tax cuts is PERMANENT, whores like you will have to pay back that loan while the rich are laughing at how damn stupid you were and are.

 

[Wyatt earp]

Tax cuts = borrowing money? Are you really this stupid?

So, SoggyBrain.......the fact that the $1.5 Trillion borrowed money is on the SAME tax cut bill, does NOT have any correlation for your soggy brain?

Who did Trump borrow 1.5 trillion from you idiot?

 

[Wyatt earp]

The middle class doesn't carry 23% of the tax burden, so I'd say they got a pretty sweet deal. Also if the commiecrats hadn't "resisted" they could have been made permanent also.

A. the middle class WILL have to pay back the loans, while corporations will NOT.

B. If the democrats had agreed to make the cuts permanent for the middle class ALSO, the estimated $1.5 trillion of borrowed money would have to go on virtually every year of this miserable administration.......

Q. Since when were the democrats supposed to be the MORE fiscally responsible ones????

A. Since rich donors threatened the corrupt republicans in congress that unless they got a huge tax cut, their donations (bribes) would not be forthcoming in 2018.

The tax cut once again tool will be permanent.

 

[Wyatt earp]

Damn, the 47% that don't pay taxes

Moron.........Are you stating that poor people don't pay ANY taxes???

(the screen name "Meathead" fits you PERFECTLY......LOL)

No federal taxes and they get indoctrinate by you retards to pay higher state and local taxes.