All things disgusting with and around dump

Bruddah IZ said:
You people always react to tax cuts as if something is being taken from the government regardless of the source.
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Generalize much? It was a tax cut for Corps. and the rich, I'm simply pointing that out.
 
Ricky Fandango said:
Angry white cock. RIP.




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I put my cock in the soup.
 
Wez said:
Generalize much? It was a tax cut for Corps. and the rich, I'm simply pointing that out.
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Fact Checker
Analysis
Is the Trump tax cut good or bad for the middle class?


The debate over the tax cut has centered around a key question: Is it mostly for the wealthy or the middle class?

In some ways, the answer is obvious. As we have explained before, any broad-based tax cut is going to mostly benefit the wealthy because they already pay a large share of income taxes. According to Treasury Department data, the top 10 percent of income earners in 2016 paid 80 percent of individual income taxes. The top 20 percent paid 94.8 percent. The top 0.1 percent paid an astonishing 24.5 percent of taxes.

Since there are far more people in the middle class, there are fewer dollars to share per taxpayer when the savings from a tax cut are divvied up. The nonpartisan Joint Committee of Taxation estimates that 572,000 taxpayers will file returns with an income category of more than $1 million, compared with more than 27 million in the $50,000 to $75,000 category and almost 70 million in the under $50,000 category. (Not to get too technical but these income categories generally are higher than a person’s stated salary because the JCT uses an “income concept” that includes employer contributions to health plans and Social Security as part of income, among other items.)

If the wealthy end up with more money because they pay more in taxes, that’s not necessarily a fair way to look at tax legislation. It’s also important to look at the percentage change in a person’s tax situation.


entire article:
https://www.washingtonpost.com/news...-for-the-middle-class/?utm_term=.2cf439a81576
 
Lion Eyes said:
Fact Checker
Analysis
Is the Trump tax cut good or bad for the middle class?


The debate over the tax cut has centered around a key question: Is it mostly for the wealthy or the middle class?

In some ways, the answer is obvious. As we have explained before, any broad-based tax cut is going to mostly benefit the wealthy because they already pay a large share of income taxes. According to Treasury Department data, the top 10 percent of income earners in 2016 paid 80 percent of individual income taxes. The top 20 percent paid 94.8 percent. The top 0.1 percent paid an astonishing 24.5 percent of taxes.

Since there are far more people in the middle class, there are fewer dollars to share per taxpayer when the savings from a tax cut are divvied up. The nonpartisan Joint Committee of Taxation estimates that 572,000 taxpayers will file returns with an income category of more than $1 million, compared with more than 27 million in the $50,000 to $75,000 category and almost 70 million in the under $50,000 category. (Not to get too technical but these income categories generally are higher than a person’s stated salary because the JCT uses an “income concept” that includes employer contributions to health plans and Social Security as part of income, among other items.)

If the wealthy end up with more money because they pay more in taxes, that’s not necessarily a fair way to look at tax legislation. It’s also important to look at the percentage change in a person’s tax situation.


entire article:
https://www.washingtonpost.com/news...-for-the-middle-class/?utm_term=.2cf439a81576
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http://www.politifact.com/truth-o-meter/article/2017/dec/19/who-wins-and-who-loses-tax-bill/

Who wins and who loses from the tax bill?

Almost 76 percent of households in the top 1 percent would see a tax cut. And almost 92 percent of households in the top 0.1 percent would see a tax cut. The top 1 percent in 2027 are projected to earn $912,000, and the top 0.1 percent is projected to be making more than $5 million a year.

But fewer than one-third of taxpayers in the bottom 80 percent of the income spectrum would see a tax cut in 2027.
 
Wez said:
http://www.politifact.com/truth-o-meter/article/2017/dec/19/who-wins-and-who-loses-tax-bill/

Who wins and who loses from the tax bill?

Almost 76 percent of households in the top 1 percent would see a tax cut. And almost 92 percent of households in the top 0.1 percent would see a tax cut. The top 1 percent in 2027 are projected to earn $912,000, and the top 0.1 percent is projected to be making more than $5 million a year.

But fewer than one-third of taxpayers in the bottom 80 percent of the income spectrum would see a tax cut in 2027.
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Two Pinocchios
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Wez said:
http://www.politifact.com/truth-o-meter/article/2017/dec/19/who-wins-and-who-loses-tax-bill/

Who wins and who loses from the tax bill?

Almost 76 percent of households in the top 1 percent would see a tax cut. And almost 92 percent of households in the top 0.1 percent would see a tax cut. The top 1 percent in 2027 are projected to earn $912,000, and the top 0.1 percent is projected to be making more than $5 million a year.

But fewer than one-third of taxpayers in the bottom 80 percent of the income spectrum would see a tax cut in 2027.
Click to expand...
Yawn
 
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