- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Ryan tax plan would cut taxes on rich and RAISE THEM on middle class - WaPo
Posted on 3/28/17 at 8:33 am
Posted on 3/28/17 at 8:33 am
President Trump and House Speaker Paul D. Ryan both want to rewrite the tax code, but their proposals differ on how much tax relief to give the middle class.
Trump wants a tax cut across the board, according to the plan he published during the campaign. He has proposed relief for the wealthy especially, but also for less affluent households. The plan that Ryan (R-Wis.) and his colleagues in the House have put forward would not substantially reduce taxes for the middle class, and many households would pay more.
SNIP
After a decade, 99.6 percent of the tax relief Ryan proposed would have accrued to the wealthiest 1 percent of the country. In Trump's plan, 50.8 percent of the relief would have gone to that group, according to analyses by the nonpartisan Tax Policy Center.
LINK
Trump wants a tax cut across the board, according to the plan he published during the campaign. He has proposed relief for the wealthy especially, but also for less affluent households. The plan that Ryan (R-Wis.) and his colleagues in the House have put forward would not substantially reduce taxes for the middle class, and many households would pay more.
SNIP
After a decade, 99.6 percent of the tax relief Ryan proposed would have accrued to the wealthiest 1 percent of the country. In Trump's plan, 50.8 percent of the relief would have gone to that group, according to analyses by the nonpartisan Tax Policy Center.
LINK
24
Posted on 3/28/17 at 8:35 am to Eurocat
Conservative tax policy has always been a joke. Raise the deficit to the direct benefit of the rich.
This post was edited on 3/28/17 at 8:38 am
Posted on 3/28/17 at 8:35 am to Eurocat
quote:
Ryan tax plan would cut taxes on rich and RAISE THEM on middle class - WaPo
1. I'm hesitant to believe anything in the Washington Post
2.I'm also hesitant to believe that Ryan is smarter than this.
I'm truly conflicted on this one.
Posted on 3/28/17 at 8:35 am to Eurocat
This is the dem response to all conservative agenda items.
Posted on 3/28/17 at 8:36 am to Eurocat
Paul Ryan is quickly rising on my list of hateable people.
Posted on 3/28/17 at 8:39 am to Eurocat
From the article
quote:
Another reason for the discrepancy in the effects of the plans on the middle class is how Ryan's proposal would affect imports and exports. The plan includes a complex and controversial provision known as a “border adjustment,” which some economists think would increase prices for goods and services imported from overseas.
Eric Toder, an economist at the Tax Policy Center, said the group's initial analysis of this aspect of the plan treated it as a kind of tax on households' purchases, but many experts believe that Ryan's proposal would not have that effect over the long term.
Ryan's plan would be better for the middle class on that more optimistic assumption. “When we do it that way, there actually is a bit of a cut for the middle class,” Toder said
Posted on 3/28/17 at 8:43 am to Eurocat
quote:GHWBush raised taxes . . . disproportionately on the "wealthy"
Ryan tax plan would cut taxes on rich and RAISE THEM on middle class - WaPo
Clinton raised taxes . . . disproportionately on the "wealthy"
GWBush cut taxes temporarily . . . when the cuts expired, taxes increased disproportionately on the "wealthy"
Obama raised taxes . . . disproportionately on the "wealthy"
Yet, despite soaking the rich, it is the middle class who seem to suffer.
Perhaps the WashPo is FOS
Posted on 3/28/17 at 8:49 am to Eurocat
I have no idea what "middle class" means in this context...
Posted on 3/28/17 at 8:52 am to Eurocat
C'mon man! What do you expect from the WaPooPoo? Truth and accuracy are secondary to pushing their libtard agenda.
Posted on 3/28/17 at 8:53 am to Eurocat
Estate tax repeal for estates over 10 million will be red meat coverage for Dems and the media.
Posted on 3/28/17 at 8:57 am to Eurocat
well in fairness the middle class don't pay income tax.
the only way to give them a tax cut would be cutting the social security tax.
the only way to give them a tax cut would be cutting the social security tax.
This post was edited on 3/28/17 at 9:05 am
Posted on 3/28/17 at 9:04 am to Eurocat
quote:I'm so sick of poorly written garbage like this. Totally crafted to be inciteful but not insightful.
The plan that Ryan (R-Wis.) and his colleagues in the House have put forward would not substantially reduce taxes for the middle class, and many households would pay more.
Raised by how much? $1, $10, $10,000?
Here's the math... there is A LOT more "middle class" tax payers than "rich" taxpayers. So a small increase across a wide population will take in more revenue than a huge increase on "the rich".
The. WaPo presents this gem...
Notice how by switch to "% after tax income". Bastards. Looking at that chart two things jump out. The amount of tax increase seems to be less than 2%. Which isn't much. Further those increases are in the top 10% and top 5% brackets.
Top10% is about $100k/yr. I've been reminding people that think hey are "middle class" that they are rich for years. And yes, they are going to be target of tax increases. Why?
That group makes most of the income in this country. Not "the rich". Ryan's plan overlays almost exactly with the largest bars in that chart. (roughly $100k is top10%, 250k top5% iirc)
My guess is Ryan is trying to maximize revenue while maximizing the amount to tax relief. And it makes sense from a mathematic and revenue perspective.
It makes no sense from the political perspective.
The problem here is the preception that people making a top10% income (~$100k/yr) are "middle class". They aren't. And since in aggregate they make the majority of the income... they are inevitably going to be the subject of tax increases in the future (from both parties).
This post was edited on 3/28/17 at 9:08 am
Posted on 3/28/17 at 9:15 am to Eurocat
quote:
Ryan tax plan would cut taxes on rich and RAISE THEM on middle class - WaPo
Is the middle class increase due to those in the middle class who weren't paying taxes before now paying taxes?
If so, I approve.
Posted on 3/28/17 at 9:17 am to Eurocat
I thought Trump had his own tax plan?
Posted on 3/28/17 at 9:20 am to Eurocat
quote:
cut taxes on rich
Support.
Posted on 3/28/17 at 9:21 am to Eurocat
(no message)
This post was edited on 1/10/21 at 7:32 pm
Posted on 3/28/17 at 9:33 am to Eurocat
LMAO at "Ryan tax plan"
we didn't call Obamacare Charlie Rangle tax plan when he introduced it to the house. stop being ninnies and call it what it is: Trumpcare
we didn't call Obamacare Charlie Rangle tax plan when he introduced it to the house. stop being ninnies and call it what it is: Trumpcare
Posted on 3/28/17 at 9:40 am to Eurocat
quote:
Ryan tax plan would cut taxes on rich and RAISE THEM on middle class - WaPo
Could anyone actually define these for me relative to tax policy?
Both are such relative, mostly subjective, terms in political debates. I'm not sure whether to be happy or outraged without knowing which neat little box I fit into.
This post was edited on 3/28/17 at 9:42 am
Posted on 3/28/17 at 9:40 am to Eurocat
quote:
Trump wants a tax cut across the board, according to the plan he published during the campaign
There is no such thing as an across the board tax cut.
85% of ALL Federal Income tax is paid by the upper 5% of wage earners.
Therefore any tax cut will always benefit the top 5% since they are the ones paying the bulk of tax.
It is impossible to give tax cuts to those who aren't paying tax.
This post was edited on 3/28/17 at 9:43 am
Posted on 3/28/17 at 9:49 am to Eurocat
Great article. No details on either plan. Fake news, and I mean this.
Page 1 of 2
Popular
Back to top
Follow TigerDroppings for LSU Football News