patrick.net

anon_37bba says

Wait, weren't the Socialists here stating that those EVIL corporations will just give the additional profits to the CEOs and NOT let them trickle down the stairway to the employees??

Were they wrong? (again)

All 2 of them?

Sniper says

The chart below proves the statement wrong.

The good news is that there aren’t many who will pay higher taxes next year — about 8.5 million, compared to the some 143 million who will get lower taxes.

For the most popular bracket of what the Tax Policy Center calls expanded cash income level, the $50,000 to $75,000 range, will see an average tax change of $870.
https://www.marketwatch.com/story/here-are-the-winners-and-losers-of-the-final-version-of-the-republican-tax-bill-2017-12-18


anon_8d9b9 says

I'm very curious how Market Watch came up with these numbers. I went directly to Tax Policy Center and looked at the report. Here is what I found at the bottom of the distribution chart.

We do not show distributional results for 2018 because the combination of a broader corporate base in 2018 and no corporate rate cut until 2019 makes 2018 law unrepresentative of the effects of the proposal’s corporate tax changes on taxpayer.

So how did Market Watch come up with 2018 numbers from Tax Policy Center which didn't publish 2018 numbers? Something is very odd about this chart everyone is salivating over. No definition of what expanding cash income level means either I notice. Anyone want to explain how this all works?

bob2356 says

anon_37bba says

Wait, weren't the Socialists here stating that those EVIL corporations will just give the additional profits to the CEOs and NOT let them trickle down the stairway to the employees??

Were they wrong? (again)

All 2 of them?

No socialist thinks "trickle down" is a fact. Every one of them felt only the rich would benefit. Including you.

Bette Midler hates Trump Asskissers, and the fact her taxes went up 3%.



Wait, I thought the rich were getting big tax cuts and the middle and working classes nothing?

bob2356 says

So how did Market Watch come up with 2018 numbers from Tax Policy Center which didn't publish 2018 numbers?

They didn't??

Funny how I easily found the report when reading the article linked in the post.

Reading, try it sometime. It's amazing the things that can be learned!

Sniper says

Funny how I easily found the report when reading the article linked in the post.

Reading, try it sometime. It's amazing the things that can be learned!

Can you not give him ideas? I like him just the way he is, full of nonsense and fun to kick around.

bob2356 says

Something is very odd about this chart everyone is salivating over.

One thing that is odd is that each set of bars should add to 100%, since everyone is getting a cut or a raise. Very few pay zero with no credits - a no change.
Also it is not showing the size of the cuts. It only shows what percentage is getting something, and what percentage is getting screwed.

TwoScoopsMcGee says

Wait, I thought the rich were getting big tax cuts and the middle and working classes nothing?

Whoops! Big Hollyweird star shoots her own argument in the face!

FNWGMOBDVZXDNW says

Also it is not showing the size of the cuts. It only shows what percentage is getting something, and what percentage is getting screwed.

How can it show the size of the cuts? That will vary.

Everyone's income, deductions, etc. and personal situation is different.

HappyGilmore says

It is a FACT that the vast majority of the gains go to the wealthy.

Maybe that's because they pay the bulk of the taxes NOW.

Should we give more tax gains to the 47% that pay ZERO federal tax now?

Strategist says

>No socialist thinks "trickle down" is a fact. Every one of them felt only the rich would benefit. Including you.>

Yeah, nobody even believed that shit in 1929, y'all are dumb enough to stand for it now though.

And when Republicans caused the depression they got locked out from holding office for decades.

Coming soon again.

All of it!