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re: The only time in my lifetime that my taxes went up was under Trump

Posted on 8/9/24 at 7:39 pm to
Posted by AgSGT
Dixon, MO
Member since Aug 2011
2075 posts
Posted on 8/9/24 at 7:39 pm to
Tax breaks will always help the rich in a disproportionate manner because they pay a disproportionate amount of the taxes. When half this country pays little to nothing they are not getting a tax break, they are getting a handout
This post was edited on 8/9/24 at 8:25 pm
Posted by dalefla
Central FL
Member since Jul 2024
3355 posts
Posted on 8/9/24 at 7:39 pm to
quote:

Correct. The top 50% of earners pay 97.7% of the Federal income tax burden


Now think about how great this country would be without dragging all that dead weight around.
Posted by Pettifogger
I don't really care, Margaret
Member since Feb 2012
86099 posts
Posted on 8/9/24 at 7:42 pm to
Good

Give the people who fund the country the biggest cuts
Posted by Jbird
In Bidenville with EthanL
Member since Oct 2012
84992 posts
Posted on 8/9/24 at 7:47 pm to
Let's kill EITC and go back to Barrack the Benevolent's tax rates?

Deal dumbass?
Posted by bhtigerfan
Baton Rouge
Member since Sep 2008
32993 posts
Posted on 8/9/24 at 7:47 pm to
quote:

The only time in my lifetime that my taxes went up was under Trump
Absolute bullshite.

We’re squarely middle class and our taxes went down after Trump’s tax cuts.
Posted by Hateradedrink
Member since May 2023
4045 posts
Posted on 8/9/24 at 9:16 pm to
Cut by more and see how well we do
Posted by TigerFanatic99
South Bend, Indiana
Member since Jan 2007
34773 posts
Posted on 8/9/24 at 9:28 pm to
quote:

But the truth is that his proposed tax cuts will benefit the wealthy at the expense of low- and middle-income Americans


This is objectively false. My family is as middle income as they come. Family of 4 making $125k joint income in Indiana. The Trump tax cuts made a noticeable reduction in our tax liabilities.
Posted by RockyMtnTigerWDE
War Damn Eagle Dad!
Member since Oct 2010
108206 posts
Posted on 8/9/24 at 9:37 pm to
STFU
Posted by SportTiger1
Stonewall, LA
Member since Feb 2007
29856 posts
Posted on 8/9/24 at 9:39 pm to
That is simply not true...and not possible.

If nothing else, he DOUBLED the standard deduction in 2027.

Everyone I know, from 30k to 200k went down under trump
Posted by Tesla
the Laurentian Abyss
Member since Dec 2011
9117 posts
Posted on 8/9/24 at 9:43 pm to
quote:

The only time in my lifetime that my taxes went up was under Trumpby


That is a fricking lie. Unless of course, your income went up dramatically to put you in another bracket. If that’s the case, then just give thanks for Trump and STFU.
Posted by SportTiger1
Stonewall, LA
Member since Feb 2007
29856 posts
Posted on 8/9/24 at 9:47 pm to
quote:

That’s according to a new analysis from the Tax Policy Center, which estimated that extending the Tax Cuts and Jobs Act would leave 13% of middle-income households with higher taxes than they would have if provisions expire as scheduled.

That’s because the 2017 tax-code revamp doubled the child tax credit to $2,000 and increased the standard deduction but eliminated or reduced personal exemptions and several other deductions that many middle-class households had relied on
Jesus Christ man.

That doesn't even make sense. You realize almost all low and income earners deduct less that 24k? Meaning they ALL got a huge increase in deductions. Including myself

Personal deductions impact high income earners at a much greater rate.

Go take a freaking tax class
Posted by dovehunter
Baton Rouge
Member since Sep 2014
1724 posts
Posted on 8/9/24 at 9:52 pm to
My taxes went way up under Trump, no doubt about it. I also made way more money WHEN Trump had our economy rolling. Funny how that woks.
Posted by bayoumuscle21
St. George
Member since Jan 2012
5011 posts
Posted on 8/9/24 at 9:56 pm to
quote:

I 100% believe Kamala is trying to sabotage his plane. I pray everyday Trump will be protected from these demonic satanist sacks of shite in DC. LMAO


Which candidate has consumed more semen? Harris or Waltz? We'll leave the type of mammal out of this argument.
Posted by hayden7cub
Mississippi
Member since Mar 2019
397 posts
Posted on 8/9/24 at 10:17 pm to
How old are you - 3? Kinda young to be posting on TD. Do your parents know?
Posted by Indefatigable
Member since Jan 2019
35782 posts
Posted on 8/9/24 at 10:19 pm to
quote:

But the truth is that his proposed tax cuts will benefit the wealthy at the expense of low- and middle-income Americans

This is categorically false.
Posted by Indefatigable
Member since Jan 2019
35782 posts
Posted on 8/9/24 at 10:21 pm to
quote:

But they barely affect the bottom 60 percent of earners, increasing their 2025 incomes just 1 percent, to $41,800.

No shite, you fricking moron. If you don’t pay income tax, income tax cuts don’t affect you.
Posted by Sofaking2
Member since Apr 2023
19598 posts
Posted on 8/9/24 at 10:26 pm to
quote:

Deficits, too... A.The Tax Cuts and Jobs Act cut taxes substantially from 2018 through 2025. The resulting deficits are adding $1 to $2 trillion to the federal debt, according to official estimates from before and shortly after enactment. The debt increase will be larger if some of TCJA’s temporary tax cuts are extended.

You are talking out of both sides of your mouth. Which one is it? You say he raised people’s taxes, but at the same time ran up deficits because of too many tax cuts? Which one is it? LOL, I can tell you I lost the most earning power in my lifetime under Joe. Inflation is eating my family alive.
Posted by nateslu1
Mr. Belvedere Fan Club
Member since Apr 2012
6933 posts
Posted on 8/9/24 at 10:26 pm to
Damn. Congratulations. I think that's the most downvotes I've ever seen a post get on TD....and I've seen some pretty shitty posts.

I feel like you deserve a prize or something.

I know. Here ya go...

Posted by AulderMagee
Dallas
Member since Mar 2024
3087 posts
Posted on 8/9/24 at 10:48 pm to
OP is an idiot.
Posted by Fat Bastard
2024 NFL pick'em champion
Member since Mar 2009
89303 posts
Posted on 8/9/24 at 10:49 pm to
quote:

OP is an idiot.


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