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Message
NY Times- White Americans Gain the Most From Trump’s Tax Cuts
Posted on 10/12/18 at 6:24 pm
Posted on 10/12/18 at 6:24 pm
quote:
The differing benefits by race reflect longstanding patterns of economic inequality and the structure of the law President Trump signed last year.
quote:
The tax cuts that President Trump signed into law last year are disproportionately helping white Americans over African-Americans and Latinos
quote:
In total, the analysis estimates, whites will get $218 billion in tax cuts this year as a result of the law. Black and Latino Americans will get about $32 billion combined.
quote:
The racial divide highlighted by the analysis is largely a product of the financial advantages that white people have long held. They earn more on average than black or Latino Americans, and are far more likely to be among the top income earners in the country.
quote:
“Even if you’re a successful black or Latino household in the top 1 percent, you’ve achieved the American dream, you’ve hit it out of the park,” said David Newville, director of federal policy at Prosperity Now, “you’re still not getting the same returns from this bill as a white household.”
LINK
But if the greater majority of the country is white, isn't it expected they see more from the tax cuts overall?
This post was edited on 10/12/18 at 6:29 pm
20
Posted on 10/12/18 at 6:25 pm to Tigerbait357
Well, the majority of America is white... so there's that.
Posted on 10/12/18 at 6:26 pm to Tigerbait357
Glad I have my white privilege then. Thanks President Trump!
Posted on 10/12/18 at 6:27 pm to Tigerbait357
Posted on 10/12/18 at 6:27 pm to Tigerbait357
The tax breaks benefit Asians more than any other racial group
Posted on 10/12/18 at 6:27 pm to Tigerbait357
People who pay taxes benefit the most from tax cuts.
Posted on 10/12/18 at 6:27 pm to Tigerbait357
So the tax cuts benefit the group with the most taxpayers?
How the hell does that happen?
How the hell does that happen?
Posted on 10/12/18 at 6:28 pm to Tigerbait357
Statistics are hard.
Posted on 10/12/18 at 6:28 pm to auggie
You know and I know the NYT deliberately handled the headline that way.
Posted on 10/12/18 at 6:29 pm to Tigerbait357
quote:
In total, the analysis estimates, whites will get $218 billion in tax cuts this year as a result of the law. Black and Latino Americans will get about $32 billion combined.
That's actually very proportional considering the population and workforce.
Will these people just print anything these days? How was it supposed to differ?
This is like the definition of a fake news article.
Posted on 10/12/18 at 6:30 pm to Tigerbait357
I think the reason is because you have to pay taxes to get the tax cut
Posted on 10/12/18 at 6:30 pm to Tigerbait357
That metric isn’t per capita?
Sweet God the hackery is just too high
Sweet God the hackery is just too high
Posted on 10/12/18 at 6:31 pm to el Gaucho
quote:
I think the reason is because you have to pay taxes to get the tax cut
Posted on 10/12/18 at 6:31 pm to Tigerbait357
Horse shite. Wage earning working people are benefiting equally. And yeah those working people are more likely to be white. Sort of a tradition among the honkies, get out of school and get a job or join the military. Those two things trigger taxation. Therefore a cut would benefit them.
This post was edited on 10/12/18 at 6:37 pm
Posted on 10/12/18 at 6:33 pm to Tigerbait357
Does about 65% of Americans being white skew anything?
Posted on 10/12/18 at 6:34 pm to jimdog
10 people go to lunch, the bill arrives and is $50.
5 people chip in and pay the $50. The other 5 people pay nothing.
The manager comes over and announces there is a special and the bill is now only $40 and gives the table $10 back.
The 5 people who paid the bill are discussing how they will divide up the $10 refund.
The 5 people who contributed nothing originally begin screaming how unfair the refund system is because they aren't getting anything back and other people are.
5 people chip in and pay the $50. The other 5 people pay nothing.
The manager comes over and announces there is a special and the bill is now only $40 and gives the table $10 back.
The 5 people who paid the bill are discussing how they will divide up the $10 refund.
The 5 people who contributed nothing originally begin screaming how unfair the refund system is because they aren't getting anything back and other people are.
Posted on 10/12/18 at 6:36 pm to Tigerbait357
quote:
But if the greater majority of the country is white, isn't it expected they see more from the tax cuts overall?
That doesn’t make sense.
NYT: “World ends. Women and minorities hit the hardest.”
Posted on 10/12/18 at 6:37 pm to VoxDawg
quote:
Does about 65% of Americans being white skew anything?
You mean... I WON'T be receiving a check for $218 billion because I'm white?
Son of a bitch I fell for it.
Posted on 10/12/18 at 6:49 pm to PEPE
quote:
People who pay taxes benefit the most from tax cuts.
Yep. The tax cuts benefit the following groups in order:
Jews (by far the most privileged group in the history of man)
Asians
Whites
Blacks/Latinos
Everyone that's left
Whites appear to be doing about average overall. The reason whites get more in overall tax cuts is because whites make up over 60% of the population.
Posted on 10/12/18 at 6:58 pm to Tigerbait357
What about Asians? Or LEGAL African immigrants? It's been proven that those groups achieve more economically than white Americans. But I guess those groups don't count. Right? I mean, Asian-Americans don't count as minorities until the democrats say they do to fit their narrative.
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