All things disgusting with and around dump
- Thread starter Wez
- Start date
Bruddah IZ
DA
Bruddah IZ
DA
Which he invest in Corporations during the Obama boom years.
Sheriff Joe
DA
Ouch!
Wez
DA
You just lie and make shit up, all day long.
Sheriff Joe
DA
Delicious.
Old cocks are tough, but they have more flavor.
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
Bruddah IZ
DA
Sucker
Wez
DA
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.
Bruddah IZ
DA
Wez
DA
Two Pinocchios
Do have something to refute, or do you just like posting pics when your narrative is blown?
Bruddah IZ
DA
Wez
DA
You posted it and are defending it, it's yours now.
I did read yours, which is more than can be said about you reading mine.
As the bill is currently written, it's a bait and switch. It makes people think they're getting something now, but it slowly goes away, except for the top of the food chain.
"In a nutshell, here’s why the two parties appear to be talking about two different tax bills: Republicans focus on the immediate upfront tax cuts, which go to every income group, even if most of the money goes to the wealthy. Democrats focus on the ugly-looking distributional tables for 2027."
In other words, it's a gift to the rich and Corps. at the expense of everyone, unless we vote to change that.
Fuck you , I'll decide what's mine you horses ass....
The left leaning and liberal Washington Post gave the staement below two pinnochio's
“It’s a debt-inducing, make-rich-people-richer tax bill that in the long run is not going to be helpful to the vast majority of people in my state that are sitting around the kitchen table trying to figure out how [to] come out even at the end of the month.”
— Sen. Claire McCaskill (D-Mo.), quoted in HuffPost, Jan. 9, 2018
Two Pinocchios
It's only bate and switch when the Democrats vote to repeal it...
Wez
DA
Stopped reading once you decided to let your forum civility rule....pussy.
Wez
DA
No, it's a bait and switch because without a repeal, it really is just a gift to the rich, idiot.