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IF trump can't shoot poor people in the face, he should give up.
The poor never had it so good. They pay no taxes, get lots of freebies, and still get to complain.
Wish I was that poor.
+1. Those are the key to the deal and why the 1% is pushing this tax deal. The other stuff is just noise to make sure the Koch Bros. get theirs.
Ksdbsidnwn
Hey Wookie... I'm not a bot. ;)
For a long while, the theory of economist Arthur Laffer managed to bridge that gap by contending that lower taxes led to more economic activity, which in turn expanded federal revenue.
The new House plan is no exception. Indeed, its proponents make much of keeping the top individual tax rate at 39.6 percent.
Tax plans tend to favor the wealthy.
anonymous saysFor a long while, the theory of economist Arthur Laffer managed to bridge that gap by contending that lower taxes led to more economic activity, which in turn expanded federal revenue.
You would think after almost 40 years where this simply didn't work someone would say the emperor has no clothes. Is it self delusion of pure hypocrisy at this point?
It works alright. The question is how much and when. Wether it's needed or not.
It works alright. The question is how much and when. Wether it's needed or not.
anonymous saysSpot on. Liberals won't be happy until the poor are given free money just to exist...oh wait.Tax plans tend to favor the wealthy.
Yah think? Maybe because they are the ones paying the majority of the taxes NOW.
I know, let's give a tax cut to the people who pay $0 in taxes now? That should really help them!
Oh wait...
anon_13ce6 saysHow about oil is he a bot?
Do dogs bark?
Losers will always hate the successful. It's that hate that blinds them from taking accountability for their own lives.
anonymous saysSpot on. Conservatives won't be happy until the rich corporations are given free money, tax breaks, incentives just to exist...oh wait.
They already are, from Obama. Can you say Tesla, Solyndra, etc.?
Liberals don't hate success. They understand that high inequality leads to a poor economy for everyone so they want to put laws into place that lead to lower inequality and a better economy.
Liberals won't be happy until the poor are given free money just to exist.
joeyjojojunior saysjust any guy saysLosers will always hate the successful. It's that hate that blinds them from taking accountability for their own lives.
Why do conservatives always try to put emotion into the conversation?
Why do Trolls hate facts and want to spin them as emotion?
joeyjojojunior saysjust any guy saysLosers will always hate the successful. It's that hate that blinds them from taking accountability for their own lives.
Why do conservatives always try to put emotion into the conversation?
Why do Trolls hate facts and want to spin them as emotion?
just any guy saysI said "losers", not liberals, but I guess you subconsciously equated the two lol. That's precious.Losers will always hate the successful. It's that hate that blinds them from taking accountability for their own lives.
Why do conservatives always try to put emotion into the conversation?
Liberals don't hate success. They understand that high inequality leads to a poor economy for everyone so they want to put laws into place that lead to lower inequality and a better economy.
I said "losers", not liberals, but I guess you subconsciously equated the two lol. That's precious.
Liberals won't be happy until the poor are given free money just to exist...oh wait.
just any guy saysThat's a different statement entirely. This was about people hating the successful. Freudian slip.I said "losers", not liberals, but I guess you subconsciously equated the two lol. That's precious.
Yes, how could I have done that.. Oh wait, maybe because of your previous post?
just any guy saysLiberals won't be happy until the poor are given free money just to exist...oh wait.
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Here are the most notable changes:
- Lowers individual tax rates for low- and middle-income Americans to Zero, 12%, 25%, and 35%; keeps tax rate for those making over $1 million at 39.6%
- Increases the standard deduction from $6,350 to $12,000 for individuals and $12,700 to $24,000 for married couples.
- Establishing a new Family Credit, which includes expanding the Child Tax Credit from $1,000 to $1,600
- Preserving the Child and Dependent Care Tax Credit
- Preserves the Earned Income Tax Credit
- Preserves the home mortgage interest deduction for existing mortgages and maintains the home mortgage interest deduction for newly purchased homes up to $500,000, half the current $1,000,000
- Continues to allow people to write off the cost of state and local property taxes up to $10,000
- Retains popular retirement savings options such as 401(k)s and Individual Retirement Accounts
- Repeals the Alternative Minimum Tax
- Lowers the corporate tax rate to 20% – down from 35%
- Reduces the tax rate on business income to no more than 25%
- Establishes strong safeguards to distinguish between individual wage income and “pass-through” business income
- Allows businesses to immediately write off the full cost of new equipment
- Retains the low-income housing tax credit
A key issue will be the treatment of the state and local tax deduction, which lawmakers are proposing to cap at $10,000.
The bill also “makes no changes to the popular retirement savings options that Americans have today — including 401(k)’s and Individual Retirement Accounts, or I.R.A.s. Americans will be able to continuing making both traditional, pretax contributions and ‘Roth’ contributions in the way that works best for them.”
http://www.zerohedge.com/news/2017-11-02/gop-tax-plan-talking-point-highlights-released
#economics