Simple test for "did tax reform screw me"?

This Needs to be posted everywhere.

Who down voted the op for posting how to figure out your tax liability?

Thank you. I’m tired of seeing people bitch and cry about getting a smaller refund or having to pay a little extra all while forgetting about the extra money in their pay checks throughout the year.

The tax change is reflected in the tax you paid in 2018 vs 2019 not your refund.

quote:

---

But I wish now they would have just left the withholding alone and given everyone bigger one time check...They would have noticed that...LOL.

---

You wish everyone was forced to give the government an interest free loan for a year? WTF?

quote:

---

Who down voted the op for posting how to figure out your tax liability?

---

Given that we have had retards screaming about Orange Man Bad and Tax Cuts Were Only For The Rich for 14 months now it is reasonable to be skeptical of anyone starting a thread that they stole from Reddit.

quote:

---

Simple test for "did tax reform screw me"?

---

It "screwed" EVERYONE, by adding to the deficit and the national debt.

Do some get to keep more money in the short-term? Sure. But aren't Dems supposed to be the irrational, short-term thinkers?

quote:

---

It "screwed" EVERYONE, by adding to the deficit and the national debt.

---

Did it? How can we know until we know what the total income tax receipts by the government were for 2018? Is that known prior to everyone completing their taxes?lowering rates does not automatically lead to reduced tax receipts.

quote:

---

It "screwed" EVERYONE, by adding to the deficit and the national debt.

Do some get to keep more money in the short-term? Sure. But aren't Dems supposed to be the irrational, short-term thinkers?

---

and changed the entire arc of the economy going forward

What a fricking idiot you are

quote:

---

the deficit and the national debt.

---

We don’t care about that right now

quote:

---

except for very high income earners (like 500k+) in California, New York, and Connecticut.

---

B/c of SALT limits?

quote:

---

by adding to the deficit and the national debt

---

Can you run those numbers as they will exist in 5yrs and onward?
I doubt it because serious economic analysis of Trump tax effect, including M2, has yet to be produced. At least, not that I can find.

Success of tax policy is measured in federal revenue, not rate. Does a 40% rate equal greater revenue than a 30% rate? The answer resides in the denominator. It consistently shocks posters like BamaAtl here (and apparently you too) that 10% of $1000 actually equates to more money than 50% of $100.

Ultimately, fiscal solvency in normal terms is about revenue, not rate. It is about increasing the private:government spending ratio. Not the reverse!

So, this administration has three interrelated goals: (a) increase employment, (b) increase economic output, and (c) increase the velocity of money.

Again, it will come as a shock to economically challenged libs that (a), (b), and (c) each result in INCREASED TAX REVENUE. While decreases in (a), (b), and (c) as we saw during obamanomics, DECREASE TAX REVENUE. In fact, one definitive way to decrease (a), (b), and (c) is to increase taxes to the point of impact upon them.

Obama threatened just that from the outset.
In 2012 he finally accomplished it.

As a result of obamanomics, the velocity of money (M2) decimated 6 decades of recorded lows. It cut through those lows like radioactive goo thru a reactor floor in a nuclear meltdown. But by golly, he did increase taxes. He soaked "the 1%". He soaked everyone else too. "Everyone else" just didn't realize they were patsies at the poker table.



Meanwhile, Obama increased spending. Obamacare and other spread-the-wealth-around efforts put us on track to generate record long-term deficits. Here's a rhetorical clue for our resident leftists . . . Hey Patsy, guess who deficit spending spreads the wealth around to?