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How is it they benefit rich taxpayers? IE what is the basis upon which the rich receive a greater benefit?
I received a tax cut that amounts to appx 20%. I am middle class.
How’s that for a factual basis?
That second chart is a factual lie.
he tax cut EXPIRES in 2027
https://itep.org/finalgop-trumpbill/
It's amazing that people can post on here with such veracity but clearly have no idea what they're talking about. The study that those charts come from was clearly linked so anyone who had questions about the data would be easily able to dig in and learn.
Ahhh Geez, please stop linking and quoting known lefty, liberal, data sources... It's destroys all credibility.
So, I'm assuming you can show where this liberal leaning institution has misrepresented the facts?
No, Mr. Magic has posted no relevant facts. That's why I don't bother responding to him.
The fact is that Trump's tax breaks are greatly skewed to the rich. They benefit proportionally more than the other taxpayers.
Common sense would tell MOST people that if a 5% tax reduction was passed on income, higher income people would get a bigger benefit from it, because they pay the MOST in taxes.
Why is that such a difficult math concept?
As the chart I posted shows.
Ahhh Geez, please stop linking and quoting known lefty, liberal, data sources... It's destroys all credibility.
Try posting FACTS from a NON Liberal, lefty, partisan knowledgeable tax site, then we'll consider it.
A fact is a fact no matter who posts it.
LeonDurham saysA fact is a fact no matter who posts it.
Is that what we get daily from WaPo, NYT, CNN, MSNBC, NPR, ABC, CBS, NBC, not to mention Bill Maher, Stephen Colbert, The View, etc.???
The FACTS??
Is that what we get daily from WaPo, NYT, CNN, MSNBC, NPR, ABC, CBS, NBC, not to mention Bill Maher, Stephen Colbert, The View, etc.???
The FACTS??
Well from them we get a twist on the facts, much like Leon's postings in this thread that omit and ignore "pesky" facts that shed a different light on his/her position.
There's nothing else to this.
CovfefeButDeadly saysYou are welcome to respond as long as it’s not a non sequitar. In the meantime you should probably stop mouthing off with the lie that Trumps tax cut is for the wealthy.
No, that's a fact.
https://qz.com/1066112/trump-tax-reform-most-of-donald-trumps-proposed-tax-cuts-would-go-to-wealthy-households/
While some non-rich do get a small break from the Trump tax cuts, the VAST majority is going to the wealthy.
I recall in the past there was a way to see different aliases if a user changed their name. Anyway to reimplement that?
By the same logic, ending communism would benefit the rich more than the poor. Accept the facts, eh comrade?
No, that's wrong. There is much more to the tax law than that.
How so? Feel free to point out how the wealthy in the states I list won't pay more in federal income taxes. I'm not talking about people making $150k either. More then that. The wealthy in blue states (high income and property tax ones) are going to take a bath most likely when filing in early 2019. It's a drop in the bucket for most of them, but many will pay more due to the $10k cap. This isn't wrong and if it is, show me the way (Frampton).
The idea for getting rid of it was to get people to read past the username and actually look at the point the user is making.
@Patrick - I recall in the past there was a way to see different aliases if a user changed their name. Anyway to reimplement that? Not going to point out specific people, but I can identify at least 4 in this thread that have changed their username multiple times. Not sure why that would be necessary. Been enjoying my summer and not spending a lot of time here, but when I come back and everyone has different names it's a little confusing.
The rich in the blue states will make up a lot of the reduced tax revenue for those that got cuts
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Very different from Clinton, Bush, and Obama. How bow da?!?!?