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Started By
Message
1
Posted on 3/10/21 at 3:31 pm to mmmmmbeeer
quote:
Ya might want to read that whole article, bud.
I did sport. Why don't you point out what you don't like about it
Posted on 3/10/21 at 3:35 pm to jchamil
quote:
I did sport. Why don't you point out what you don't like about it
“The parts of the Trump tax cuts that really benefit the rich are not the personal-income-tax cuts but the corporate-income-tax cuts and estate-tax cuts,” according to Wamhoff. Rule changes surrounding corporate taxes, “which mainly benefit the (mostly rich) people who own corporate stocks, and the estate-tax cuts, are the parts of the law that made it a good deal for the rich,” Wamhoff said.
Among other noteworthy provisions, the tax cuts reduced the corporate-income-tax rate to 21% from 35%. It also raised the exemption before an estate tax kicked in, going from $5.4 million to $11.4 million.
He added: “No one ever said that low- or middle-income people would get no benefits from the Trump tax law. What ITEP and others pointed out from the beginning was that the rich would get a disproportionate share of the benefits of the law and nothing in this data conflicts with that.”
Posted on 3/10/21 at 3:37 pm to Tiger Nation 84
Do they ask him to sign the bill or will madam secretary just yell “make your mark boy” and a helper grabs his elbow and makes it work
Posted on 3/10/21 at 3:37 pm to Cracker
My AGI misses by 800 bucks. Awesome.
Posted on 3/10/21 at 3:38 pm to mmmmmbeeer
Yet here is what you said
All of this says you were speaking out of your arse
What you posted does nothing to refute that
quote:
It let's about 5% of the richest in the country keep more of their own money.
All of this says you were speaking out of your arse
quote:
• Americans had $1.552 trillion in tax liabilities last year, compared with $1.619 trillion in total tax liabilities at the same point a year prior. That’s a drop of 4% on a year-over-year basis.
• The double-digit percentage decreases in average tax liability started with a 12.5% drop for people making $15,000 to $20,000 a year. Double-digit percentage reductions in liability continued for people making $25,000 to $30,000 (down 11.2%) through $100,000 to $200,000 (down 10.96%).
• Taxpayers making between $40,000 and $50,000 a year had the largest fall in average tax liability, a 14.5% drop, while high-end households making between $250,000 and $500,000 had the second largest decrease, with a 14.4% liability reduction.
• Taxpayers making at least $1 million had a 4.3% decrease in average tax liability.
What you posted does nothing to refute that
Posted on 3/10/21 at 3:38 pm to DaBeerz
quote:
If you are middle aged, married, both people have a good education and work full time, there is not much excuse why a couple wouldn’t earn under 160,000$
Because it's based on AGI, it's a lot more than 160k, probably closer to 200K unless that middle aged couple has a terrible CPA.
This post was edited on 3/10/21 at 3:42 pm
Posted on 3/10/21 at 3:40 pm to mmmmmbeeer
quote:
which mainly benefit the (mostly rich) people who own corporate stocks
Every single person with a 401k, 403b, or IRA own corporate stocks you fricking moron.
Posted on 3/10/21 at 3:43 pm to Centinel
quote:
Every single person with a 401k, 403b, or IRA own corporate stocks you fricking moron.
It's a matter of scale, you fricking parrot. Regressive taxes. Learn about them.
Posted on 3/10/21 at 3:45 pm to mmmmmbeeer
quote:
It's a matter of scale, you fricking parrot. Regressive taxes. Learn about them.
You are the parrot. You repeat the bullshite media talking points and call others parrot's.
Gah, so frustrating you dumb arse morons.
Posted on 3/10/21 at 3:46 pm to mmmmmbeeer
quote:
It's a matter of scale, you fricking parrot. Regressive taxes. Learn about them.
Let's get back to only 5% of people keeping more of their own money. Why don't you show us where that is true
Posted on 3/10/21 at 3:47 pm to cyarrr
quote:
Because it's based on AGI, it's a lot more than 160k, probably closer to 200K unless that middle aged couple has a terrible CPA.
There are very few people getting above the line, $40k deductions. Itemized and Standard deduction reduce AGI to taxable income.
Posted on 3/10/21 at 3:50 pm to The Spleen
Yes my taxable is well below, but AGI is above.
Posted on 3/10/21 at 3:50 pm to mmmmmbeeer
quote:
20+ downvotes for a stimulus that actually addresses the needs of the people but the same post for the Trump tax cuts, which resulted in peanuts for 95% of Americans, received mass upvotes. Funny shite.
Trump tax cuts equated to $800 a month less i payed in taxes for the better part of 3 years.
800*12*3= 28,800
1400*4 (dependents)= 5,600
Posted on 3/10/21 at 3:52 pm to mmmmmbeeer
quote:]
It let's about 5% of the richest in the country keep more of their own money.
fricking retarded commies still stuck on this fake class warfare
You probably still think a rich man's wealth keeps a poor man from eating.
Posted on 3/10/21 at 3:56 pm to DaBeerz
quote:
If you are middle aged, married, both people have a good education and work full time, there is not much excuse why a couple wouldn’t earn under 160,000$
really?
Posted on 3/10/21 at 4:00 pm to Tiger Nation 84
This bill is nothing but a Liberal's wet dream
Posted on 3/10/21 at 4:04 pm to The Spleen
quote:I don't know why you're getting downvotes, this is exactly how the previous stimuli worked, so I'm assuming that they are doing that again.
I don;t think this is true. You won't get it initially, but the payment is an advance credit on your 2021 tax return. So you would still get it, but not until you filed your taxes next year.
Posted on 3/10/21 at 4:16 pm to Tiger Nation 84
Finna get our stamina cheq !
Posted on 3/10/21 at 4:19 pm to goofball
quote:
That excludes families that earn over $160,000/year.
And $160,000 ain't exactly rich these days.
lolwut? Surely you jest.
$160K is at least the 90th percentile in income m'dude.
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