Trump's tariff revenue is on pace for another monthly record in June

[citygator]

Right, so spell it out.

I am not sure what you are asking. Here is the summary of the bill which shows there will be $5T less in tax revenue and most of it from the those in the top brackets. Nice.

House Tax Cuts Would Benefit Most, But Tilt To Highest-Income Households

More than eight in ten households would get a tax cut in 2026 under the big budget bill now being considered by the House, according to a new TPC analysis.

taxpolicycenter.org

By contrast, households making between $460,000 and $1.1 million (the top 95th to 99th percent of income) would be the biggest beneficiaries. The bill would cut their taxes by an average of nearly $21,000, or 4.3 percent of their after-tax income.

In dollar terms, the biggest winners would be the top 0.1 percent of households, those making more than $5 million annually. Their taxes would decline by an average of almost $300,000, or about 3.3 percent of their after-tax income.

Budget Reconciliation: Tracking the 2025 Trump Tax Cuts

President Trump has called for permanent extension of the 2017 tax cuts, additional policies including no taxes on tips, overtime pay, and Social Security benefits for retirees, and has also promised higher taxes on US imports through a series of new tariffs.

taxfoundation.org

We estimate the Senate-passed version of the “One Big Beautiful Bill” as agreed to by the House would increase long-run GDP by 1.2 percent and reduce federal tax revenue by $5.0 trillion from 2025-2034 on a conventional basis. Dynamic feedback will reduce the revenue loss of by bill by about 19 percent to $4.1 trillion, while spending reductions of nearly $1.1 trillion will reduce the dynamic deficit increase to $3 trillion from 2025-2034.

 

[Toddsterpatriot]

I am not sure what you are asking. Here is the summary of the bill which shows there will be $5T less in tax revenue and most of it from the those in the top brackets. Nice.

House Tax Cuts Would Benefit Most, But Tilt To Highest-Income Households

More than eight in ten households would get a tax cut in 2026 under the big budget bill now being considered by the House, according to a new TPC analysis.

taxpolicycenter.org

By contrast, households making between $460,000 and $1.1 million (the top 95th to 99th percent of income) would be the biggest beneficiaries. The bill would cut their taxes by an average of nearly $21,000, or 4.3 percent of their after-tax income.

In dollar terms, the biggest winners would be the top 0.1 percent of households, those making more than $5 million annually. Their taxes would decline by an average of almost $300,000, or about 3.3 percent of their after-tax income.

Budget Reconciliation: Tracking the 2025 Trump Tax Cuts

President Trump has called for permanent extension of the 2017 tax cuts, additional policies including no taxes on tips, overtime pay, and Social Security benefits for retirees, and has also promised higher taxes on US imports through a series of new tariffs.

taxfoundation.org

We estimate the Senate-passed version of the “One Big Beautiful Bill” as agreed to by the House would increase long-run GDP by 1.2 percent and reduce federal tax revenue by $5.0 trillion from 2025-2034 on a conventional basis. Dynamic feedback will reduce the revenue loss of by bill by about 19 percent to $4.1 trillion, while spending reductions of nearly $1.1 trillion will reduce the dynamic deficit increase to $3 trillion from 2025-2034.

I am not sure what you are asking.

I'm asking which of your taxes are being cut?
I'm asking what the old rate was and what the new rate is?

 

[citygator]

I am not sure what you are asking.

I'm asking which of your taxes are being cut?
I'm asking what the old rate was and what the new rate is?

Tax rates are cut between 3 and 4%. That is federal income tax.

 

[Toddsterpatriot]

Tax rates are cut between 3 and 4%. That is federal income tax.

View attachment 1137026

I don't want to know what other people estimate someone will save,
I want you to tell me which of your rates was cut. And from what old rate to what new rate?

If your capital gains rate was cut, tell me what the new rate is.
If your income tax rate was cut, tell me what the new rate is.
If you got a new tax credit, post the details.

I can't wait to see how that $20K savings for you is divided up.

TIA!

 

[Toddsterpatriot]

Tax rates are cut between 3 and 4%. That is federal income tax.

View attachment 1137026

Tax rates are cut between 3 and 4%. That is federal income tax.

You were in the 37% bracket? What's the rate your new bracket?

 

[citygator]

I don't want to know what other people estimate someone will save,
I want you to tell me which of your rates was cut. And from what old rate to what new rate?

If your capital gains rate was cut, tell me what the new rate is.
If your income tax rate was cut, tell me what the new rate is.
If you got a new tax credit, post the details.

I can't wait to see how that $20K savings for you is divided up.

TIA!

 

[Toddsterpatriot]

View attachment 1137043

That was 2017, what about 2025?

 

[Nostra]

Such a lie. They ran on extending tax cuts for those who make under $400k and lost. That isnt what America voted for. America voted for a big ole tax cut for people like me. I appreciate the rubes and will probably spend my tax cut on a vacation to Africa next year. Looks like the whole thing will cost $20k for my wife and I. I am not liking the stories of lions eating tourists though.

Trump ran on extending his tax cuts, dumbass.

If Dimtards ran on extending them why did they all just vote against doing that? Why didn’t they extend them when t’hey controlled everything?

Your bullshit never passes the smell test. Never.

 

[Fort Fun Indiana]

Record tariffs collected.

Largest tax increase in 60 years.

 

[Nostra]

View attachment 1137043

So those making under $37,650 got a 20% cut, those making over $415,052 got a 9% cut.

 

[Nostra]

Largest tax increase in 60 years.

Lies.

 

[citygator]

That was 2017, what about 2025?

Same difference

 

[Toddsterpatriot]

Same difference

View attachment 1137057

You won't pay $20,000 less in taxes this year than last year.
Sounds like a $20,000 difference.
Are you going to tell your wife you were wrong, or cover it up?

 

[Nostra]

Such a lie. They ran on extending tax cuts for those who make under $400k and lost. That isnt what America voted for. America voted for a big ole tax cut for people like me. I appreciate the rubes and will probably spend my tax cut on a vacation to Africa next year. Looks like the whole thing will cost $20k for my wife and I. I am not liking the stories of lions eating tourists though.

Why did they all vote to raise taxes on the poor and middle class?

Try to focus, Short Bus.

Do you have an actual answer?

 

[Nostra]

Same difference

View attachment 1137057

The lower brackets got bigger cuts than the higher brackets, Simp.

 

[citygator]

You won't pay $20,000 less in taxes this year than last year.
Sounds like a $20,000 difference.
Are you going to tell your wife you were wrong, or cover it up?

I will pay $20,000 less in taxes than I would have if Trump didnt give me another break. It is well reported it was an extension of tax breaks temporarily given. Semantic games are for chumps. I am no chump. I provide more data and detail to my posts than just about anyone. If you want to debate real stuff I am in. But making up silliness is just that.

 

[citygator]

The lower brackets got bigger cuts than the higher brackets, Simp.

Looks like the monkey shift is in banging randomly on keyboards again.

 

[Nostra]

Looks like the monkey shift is in banging randomly on keyboards again.

I just compared two. The lower brackets got a 20% cut, the higher got a 9% cut.

Thise come from YOUR numbers, moron.

 

[Nostra]

Looks like the monkey shift is in banging randomly on keyboards again.

Yeah, but you are fun to mock, Monkeyboi.

 

[citygator]

I just compared two. The lower brackets got a 20% cut, the higher got a 9% cut.

Thise come from YOUR numbers, moron.

Dipshit. Tax savings for someone making $50k is about $1,500. Tax savings for someone making $1M is $20,000.

Next month try to pay your therapist bill in percentages.