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Started By
Message
re: Reminder: Every Democrat In the House and Senate Voted Against the Tax Cuts
Posted on 8/20/18 at 7:39 pm to gthog61
Posted on 8/20/18 at 7:39 pm to gthog61
quote:
the tax cuts were primarily of benefit to the middle class...
quote:
Which they were
Not based on the percentage cut of taxes paid.
Average percentage cut in taxes paid for incomes between $50-100 (middle class??) was 1.8%.
Average percentage cut in taxes paid for incomes above $100k was 3.1%
1
Posted on 8/20/18 at 8:00 pm to texridder
Shhh,be happy with your little cut while the deficit rises.
He'll tack on another trillion pretty soon.
If we don't get nuked before then.
trump sucks.
He'll tack on another trillion pretty soon.
If we don't get nuked before then.
trump sucks.
Posted on 8/20/18 at 8:04 pm to Clark14
quote:
If we don't get nuked before then.
Posted on 8/20/18 at 8:09 pm to Clark14
Posted on 8/20/18 at 8:11 pm to Screaming Viking
quote:
Wild, let me be clear, I am not a fan of much that has gone in in DC. We are very close to the ruling class and us.
I believe that we have already arrived at the ruling class versus us.
Posted on 8/20/18 at 8:12 pm to Clark14
quote:you think this is a tax revenue issue? Yikes.
Shhh,be happy with your little cut while the deficit rises.
Posted on 8/20/18 at 8:17 pm to jchamil
quote:So you want to argue that because the middle class has the most number of people in it they saved the most aggregate money?
:And every Republican told the public that the tax cuts were primarily of benefit to the middle class.
Would you say there are more people in the middle class or the upper class?
What does that have to do with the effect of the tax cuts on each individual tax payer's taxes?
The only way to accurately measure the tax cut benefit is the percentage of reduction in taxes for differing income level taxpayers.
Taxpayers who make $50-100k got an average reduction in taxes of 1.8%.
Taxpayers who made above $100k got an average reduction in taxes of 3.1%
Now do you think that middle class taxpayers were the primary beneficiaries of the tax cut?
Posted on 8/20/18 at 8:59 pm to Clark14
Yet we still collected more in taxes than we ever collected before we dont have an income problem we have a fricking spending problem.
Posted on 8/20/18 at 9:02 pm to texridder
So 1.8 doesn't mean anything to people that need the money? So vote Democrat so they can give it back AND give even more? All while spending more money
Brilliant
Brilliant
Posted on 8/20/18 at 9:12 pm to GregMaddux
I me mine. I me mine. I me mine. My stuff!! frick roads! My shite! frick you! Piece of trash trying to steal MY money! My. Me. Mine.
Posted on 8/20/18 at 9:13 pm to Ebbandflow
quote:Ebbnblow
I me mine. I me mine. I me mine. My stuff!! frick roads! My shite! frick you! Piece of trash trying to steal MY money! My. Me. Mine.
Posted on 8/20/18 at 9:13 pm to Catman88
quote:
Taxpayers who make $50-100k got an average reduction in taxes of 1.8%. Taxpayers who made above $100k got an average reduction in taxes of 3.1% Now do you think that middle class taxpayers were the primary beneficiaries of the tax cut?
quote:
So 1.8 doesn't mean anything to people that need the money? So vote Democrat so they can give it back AND give even more? All while spending more money
Man I hope you made a mistake in the post you were responding to because your post makes absolutely no sense.
My basic premise argued that middle class taxpayers got a smaller percentage tax cut than upper cless taxpayers.
Your response was a screed against all taxes and democrats. It does not compute.
Posted on 8/20/18 at 9:16 pm to texridder
quote:
Taxpayers who make $50-100k got an average reduction in taxes of 1.8%. Taxpayers who made above $100k got an average reduction in taxes of 3.1%
Good. Now two questions. What percentage of taxes do those two groups pay? Also...do you consider 100k middle class?
Posted on 8/20/18 at 9:22 pm to texridder
Well let me simply it for you
If someone makes 50k a year 1.8% of their income back would net them 900 dollars. That is a mortgage payment for someone in that income range.
The alternative for them is to give that mortgage payment back and likely pay out more of their income in taxes to have what? The person that makes 25k a year gets more free shite...
Just a brilliant idea for that person to vote Democrat.
100 or 2000 dollars why does the government need more of our money when they should be spending less?
If someone makes 50k a year 1.8% of their income back would net them 900 dollars. That is a mortgage payment for someone in that income range.
The alternative for them is to give that mortgage payment back and likely pay out more of their income in taxes to have what? The person that makes 25k a year gets more free shite...
Just a brilliant idea for that person to vote Democrat.
100 or 2000 dollars why does the government need more of our money when they should be spending less?
This post was edited on 8/20/18 at 9:25 pm
Posted on 8/20/18 at 11:26 pm to BBONDS25
quote:
What percentage of taxes do those two groups pay?
You have been listening to the Republican dolts trying to justify the tax cuts. I thought you would be smart enough to see through that, but I guess I was wrong.
What difference does it make how much a group of taxpayers pays? Of course, the upper taxpayers pay more as a group because they have significantly more income as a group. The salient point is what percentage of their income do they pay.
When you talk about the effect of tax cuts the bottom line is what percentage of one's tax burden was relieved by the tax cut. As I posted, $50-100k taxpayers averaged a 1.8% tax cut. Taxpayers earing over $100k got an average of a 3.1% tax cut.
Now, who got the better end of the deal?
quote:
Also...do you consider 100k middle class?
I used $100k because that was ending point in a bracket. But it makes no real difference. Taxpayers who make $100-200k got a 2.0% reduction in their taxes, so wouldn't move the needle much even if you consider the middle class to go higher than $100K (some stretch the middle class to include up to $125k earners).
Posted on 8/20/18 at 11:34 pm to texridder
quote:
ou have been listening to the Republican dolts trying to justify the tax cuts. I thought you would be smart enough to see through that, but I guess I was wrong.
Wrong. As a tax attorney I deal with the effects of the changes to the code daily. I see the advantages it has had on a lot of taxpayers.
( before you get apoplectic. I am both a tax attorney and a business owner. I practice much less now...not at all reality...as business is booming...but I spend more time in the code on a daily basis than you have in your entire life).
You, as a person who falsely claimed to be an attorney, talks out of your arse.
Of course those who pay more see a bigger benefit. The question is....why does that bother you? And again....by a wide margin, the middle class is reaping the benefits.
quote:
The salient point is what percentage of their income do they pa
Oh goodie. Let’s talk about this. What percentage do those who make less than 100k vs those who make more pay!???
This post was edited on 8/21/18 at 12:25 am
Posted on 8/21/18 at 12:29 am to BBONDS25
quote:
( before you get apoplectic. I am both a tax attorney and a business owner. I practice much less now...as business is booming...but I spend more time in the code on a daily basis than you have in your entire life).
You were a DUI lawyer. Don't hand out that other crap.
quote:
Of course those who pay more see a bigger benefit. The question is....why does that bother you? And again....by a wide margin, the middle class is reaping the benefits.
Oh goodie. Let’s talk about this. What percentage do those who make less than 100k vs those who make more pay!???
It is amazing that you don't even know what the issue is.
The question is who benefited from this tax cut. You are missing that completely.
Why wasn't it structured so all taxpayers got a 2.2% reduction in their taxes (if that would be the percentage that would make it work, based on the total reduction in revenue that was budgeted).
Why do the upper class taxpayers get a 3.0% reduction in the taxes they will pay, while the middle class taxpayers get a 2.0% reduction?
The question is the affect of this tax bill on individuals'tax burden - if you can focus.
Posted on 8/21/18 at 12:34 am to texridder
quote:
You were a DUI lawyer. Don't hand out that other crap.
Despite the fact I have an LLM in taxation and practiced before the tax court for years....what problem is it you have with dui lawyers? Every dui lawyer in the country is still a lawyer. Which is more than you can say. Since you pretend to be a lawyer online. quote:
It is amazing that you don't even know what the issue is. The question is who benefited from this tax cut.
This middle class by far is benefitting the most. You have yet to post anything to the contrary. Unless you, of course, consider 100k upper class
quote:
Why do the upper class taxpayers get a 3.0% reduction in the taxes they will pay, while the middle class taxpayers get a 2.0% reduction?
Yikes. You do.
Let me ask you this. Since you fancy yourself an expert on the cuts. Who does 199a help the most? What is 199a and why does it help the upper class more than the middle class? Further, how do the vast majority of middle class people who have assets in the market get help? Do you know? These are very very basic questions. I assume you will have the answers.
To the google machine.
Posted on 8/21/18 at 12:41 am to texridder
quote:This is a MISLEADING statistics....40% of all households, including many in the middle class, paid zero in federal income taxes.
Why do the upper class taxpayers get a 3.0% reduction in the taxes they will pay, while the middle class taxpayers get a 2.0% reduction?
You are including these non-income tax paying middle class households in your data set. Since they were paying 0 before, they get a 0% decrease in their taxes. Thus, including these households in your "middle class" data set throws off the after-tax gain in income in the downward direction.
This post was edited on 8/21/18 at 12:42 am
Posted on 8/21/18 at 12:57 am to HailHailtoMichigan!
quote:
This is a MISLEADING statistics....40% of all households, including many in the middle class, paid zero in federal income taxes.
I started at a minimum of $50,000 in income. Where would you like me to start?
It's never going to get to the point where the top earners didn't get a larger percentage reduction.
And doesn't even count the high earners who will be able to switch to pass-through compensation.
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