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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 8:29 pm to Centinel
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.
1
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.
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