Holy shite!!! An honest assessment of the impact of the Senate/Trump Tax Plan from MSN

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Average salary: $76,730
Current tax: $12,321
Tax under the Senate plan: $10,180
Percent tax cut: 17.4%

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Average salary: $79,340
Current tax: $12,974
Tax under the Senate plan: $10,754
Percent tax cut: 17.1%

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Average salary: $81,490
Current tax: $13,511
Tax under the Senate plan: $11,227
Percent tax cut: 16.9%

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Average salary: $85,180
Current tax: $14,434
Tax under the Senate plan: $12,103
Percent tax cut: 16.1%

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Average salary: $87,220
Current tax: $14,944
Tax under the Senate plan: $12,592
Percent tax cut: 15.7%

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Average salary: $89,730
Current tax: $15,571
Tax under the Senate plan: $13,195
Percent tax cut: 15.3%

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Average salary: $91,620
Current tax: $16,044
Tax under the Senate plan: $13,648
Percent tax cut: 14.9%

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Average salary: $98,620
Current tax: $17,794
Tax under the Senate plan: $15,328
Percent tax cut: 13.9%

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Average salary: $100,560
Current tax: $18,279
Tax under the Senate plan: $15,794
Percent tax cut: 13.6%

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Average salary: $102,260
Current tax: $18,704
Tax under the Senate plan: $16,202
Percent tax cut: 13.4%

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Average salary: $104,610
Current tax: $19,361
Tax under the Senate plan: $16,766
Percent tax cut: 13.4%

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Average salary: $105,600
Current tax: $19,638
Tax under the Senate plan: $17,004
Percent tax cut: 13.4%

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Average salary: $108,880
Current tax: $20,556
Tax under the Senate plan: $17,791
Percent tax cut: 13.5%

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Average salary: $112,010
Current tax: $21,433
Tax under the Senate plan: $18,542
Percent tax cut: 13.5%

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Average salary: $114,120
Current tax: $22,023
Tax under the Senate plan: $19,048
Percent tax cut: 13.5%

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Average salary: $116,320
Current tax: $22,639
Tax under the Senate plan: $19,576
Percent tax cut: 13.5%

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Average salary: $120,270
Current tax: $23,745
Tax under the Senate plan: $20,524
Percent tax cut: 13.6%

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Average salary: $123,100
Current tax: $24,538
Tax under the Senate plan: $21,204
Percent tax cut: 13.6%

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Average salary: $139,880
Current tax: $29,236
Tax under the Senate plan: $25,231
Percent tax cut: 13.7%

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Average salary: $144,140
Current tax: $30,429
Tax under the Senate plan: $26,253
Percent tax cut: 13.7%

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Average salary: $152,770
Current tax: $32,845
Tax under the Senate plan: $28,324
Percent tax cut: 13.8%

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Average salary: $173,860
Current tax: $38,751
Tax under the Senate plan: $33,535
Percent tax cut: 13.5%

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Average salary: $194,350
Current tax: $44,488
Tax under the Senate plan: $40,092
Percent tax cut: 9.9%

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Average salary: $200,810
Current tax: $46,297
Tax under the Senate plan: $42,159
Percent tax cut: 8.9%

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Average salary: $228,780
Current tax: $55,465
Tax under the Senate plan: $51,613
Percent tax cut: 6.9%

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Average salary: $269,600
Current tax: $68,935
Tax under the Senate plan: $65,900
Percent tax cut: 4.4%

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Also they sunset.

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They have to because of the Byrd Rule and no Democrat support.

However upon sunset they will be re-upped in congress.

Progressives turning into deficit hawks. It's glorious after their savior's 8 years running it up on the backs of the middle class.

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Also they add to the national deficit.

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If GDP is 3% or greater the deficit will decrease.

The increase is 2 points over 10 years. Find two pennies to cut from every fricking fed gov agency and give more money back to Americans. Progressives are complete trash.

And.....another bit of liberal hypocrisy!

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I keep seeing this but don't understand the problem. If I pay $100/yr now, will pay $70/year for the next decade, and then it goes back up to $100 after that, is that not a tax cut?

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The bill has to be crafted like this to satisfy the Byrd Rule in the senate and pass the bill with a simple majority via reconciliation.

When those sunsets come due there will be TREMENDOUS pressure on congress to not increase taxes and they will vote to block the increases.

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Also they add to the national deficit.

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Come on bud. Take a minute to stop listening to media outlets and analyze the real impacts. Start with accounting for economic growth and work your way back.

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Also a higher percentage of the overall cuts goes to corporations and the rich.

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No shite sherlock. They pay more by percentage, so they get a larger cut by percentage.

But hey, cool talking points bro. Does Pelosi send those out daily or weekly?

The tax reform package is good for the middle class. Democrats are upset that they'll have pressure to renew them the year after Trump leaves office (2025) and the package destroys their Obamacare mandate.

I imagine they are super-pissed that big-government progressives in states like New Jersey and California may not be able to deduct all of their massive state tax bill anymore. You'd think that people that support more government would be okay with paying more.