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re: Ryan tax plan would cut taxes on rich and RAISE THEM on middle class - WaPo
Posted on 3/28/17 at 3:03 pm to the808bass
Posted on 3/28/17 at 3:03 pm to the808bass
quote:
How do you give a tax cut to people who don't pay taxes?
But...but...RICH!!!.....FAIR SHARE!!!!
Their answer, even if they won't admit it, is that the rich have too much money...and too much is anything above what they have.
Covetous little fricking leeches every one of them.
Posted on 3/28/17 at 4:07 pm to Centinel
9 pages in and still no explanation on how this will raise taxes on the middle class.
Posted on 3/28/17 at 8:20 pm to BamaAtl
quote:that's average per household you dumbass. Do you really think I was asserting an individual in the top quintile makes less money than someone in the middle quintiles?
Except not in reality
Good grief.
The "middle class" in fact does make more income than "the rich". Here's the chart again since you apparently can't figure it out.
Allow me to help you out. Those with incomes from $50k-$75k make almost twice as much money that all of the rich people that make >$10million per year.
Extend that to what most people would consider "middle class" ~$200k... energy Stevie Wonder can see they make more income than those above them.
Posted on 3/28/17 at 8:21 pm to BamaAtl
quote:
Numbers easily disprove his false statement.
Posted on 3/28/17 at 8:22 pm to Taxing Authority
Thank god I'm on the right side of that really fricked up Laffer curve.
Posted on 3/28/17 at 8:23 pm to InTheDetails
quote:Why is it crazy? If I'm walking down the street and see some one being raped, do I ignore it because "it's not happening to me?"
I'm bothered that both tax plans give the biggest relief for the people on top. Crazy that so many people look the other way on this issue.
Posted on 3/28/17 at 8:29 pm to Centinel
quote:There is nothing funnier than people earning frm $50k-200k thinking they are safe from being taxed into oblivion because they are "middle class" and not "rich".
Thank god I'm on the right side of that really fricked up Laffer curve.
They're going to be targets of the majority of tax increases in the future. Mathematically, they have to be. If you took every penny of income from those >$1milion, you still couldn't balance the budget at today's spending levels.
It's coming. They just don't know it yet.
Posted on 3/28/17 at 8:50 pm to Taxing Authority
Paul Ryan just pushed it further. I'm no fan of taxes, but Ryan's plan is going to frick many middle class households. Start at the 3% bracket reduction most will get, then back out their lost itemization. It's going to be ugly for them. I posted a 37 page document in the other thread. Ryan's plan is not the way to go. There's some good stuff in it, but if passed in its present form, some people are going to get a surprise they don't like.
Posted on 3/29/17 at 9:36 am to Iowa Golfer
quote:Now or later. As I noted earlier in this thread the increases in Ryan's plan seem to align with the fat part of income earnings. WaPa pegs it as A 2.5% increase,which would generate a lot of revenue.
if passed in its present form, some people are going to get a surprise they don't like.
He's politically stupid for proposing it. It's needed badly with our spending levels. But he should let the dems propose it first. Which is probably what they were saying about republicans.
It's a high-stakes game of chicken to see who stops lying to the American people first. So far both political parties have not even come close to the truth. They keep saying "no new taxes on the middle and lower classes".
People forget the aggregate numbers. They think "the rich" have all the money and we can just tax them more to balance the budget.
Nope.
And those same ignorants think "the rich" are getting a huge break because the individual cuts are larger are causing our deficits.
Nope.
Because "the rich" only make a limited amount of the aggregate taxable income base, you can make bigger per-taxpayer changes there and not effect revenue all that much. Even a small change in the fat part of the income spectrum.. makes for a huge change in revenue though. (Notice WaPo graphs individuals, not aggregate income levels)
The Ryan plan is a "sneaking up" on that. It's not enough of an increase to do any good, but, it's plenty to hand democrats the "you're hurting the middle class to give breaks to the rich!" argument.
It's just the beginning.
BOHICA.
This post was edited on 3/29/17 at 9:42 am
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