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For The Wealthy, By The Wealthy: Tax Reform


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#1 UncleVinnys

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Posted 13 April 2019 - 01:27 PM

Who wins from Trump Tax Law?
Bottom line:
   Average taxpayer:  (A few hundred dollars).
   Ultra-Wealthy:  Those in the $300,000 to 733,000 income range.

 

Who Loses?

   Blue State Taxpayers

 

Here's who's winning under Trump's tax law?

 

https://www.cnn.com/...sers/index.html

 

The largest cuts will go to the people who pay the most in tax,  . . . tax filers in the 95th to 99th percentile of income -- roughly between $308,000 and $733,000 -- would see the largest benefit as a portion of after-tax income.

 

:WEDGIE:


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#2 The Average Joe

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Posted 13 April 2019 - 01:52 PM

So people get to keep what they EARNED? How.... appalling.  My taxes (adjusted for changes in income and other issues) stayed pretty flat federally. However, my state taxes doubled.  WTG California.


"Of all tyrannies, a tyranny sincerely exercised for the good of its victims may be the most oppressive" -- C.S. Lewis

 

If the only way to combat "global warming" was to lower taxes, we would never hear of the issue again. - Anonymous

 

"Society in every state is a blessing, but Government, even in its best state, is but a necessary evil; in its worst state an intolerable one" — Thomas Paine, 𝘊𝘰𝘮𝘮𝘰𝘯 𝘚𝘦𝘯𝘴𝘦 (1776)

 


#3 2 Aces

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Posted 13 April 2019 - 04:47 PM

Poor clown little vinnie.. He's still citing CNN, even though they were exposed as partisan liars 2 years ago. Check their ratings.. they have *crashed and burned*!! Will little vinnie ever grow up? Will he ever act like an adult, instead of licking-up the $h*t from CNN? So sad that he's so clueless. How do people get that way? TDS??   :lol:

 

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#4 Chris

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Posted 13 April 2019 - 07:42 PM

Who wins from Trump Tax Law?
 

The largest cuts will go to the people who pay the most in tax,  . . . tax filers in the 95th to 99th percentile of income -- roughly between $308,000 and $733,000 -- would see the largest benefit as a portion of after-tax income.

 

 

And those are the job creators, the ones who risk capital, the ones who invest in a business and employ you and me.  Don't care that the rich get a bigger cut, they should actually...!   And do you know 50% of us, we the people, including illegals, pay no taxes, they actually get a bit more back when they file then what they paid in.  And guess who they all vote for...?   What party...?   Your party, the dnc, the party of "free stuff".....!   I'd like to change the tax law.  I say make everybody pay at least 5%.   And any new taxes are levied proportionately across the board.  Want a 1% raise in taxes, well that goes for everybody....!   Yep, that would be the end of the democrat party for sure.....!   1% to Buffet is a lot more than 1% to Jose down in Rancho making 24,000 a year and paying $850 a  month for a one bedroom...   Ever take any economics classes Tio Vinny, actual reality ones, the ones not taught by leftist professors from Harvard and Yale...?   Chris


1A - 2A = -1A


#5 UncleVinnys

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Posted 14 April 2019 - 05:37 AM

And those are the job creators, the ones who risk capital, the ones who invest in a business and employ you and me. 

 

   Chris

 

Aww, too bad that theory doesn't work.        :KOOLAID:

The largest companies and their CEOs simply bought back more company stock and did not

significantly increase job growth or salaries.

 

Yet another failed "Trickle Down" theory busted!                 :BOO:

 

Trump’s Tax Cut Won’t Power the Growth He Predicts, Officials Concede

https://www.nytimes.com/2019/03/19/us/politics/trump-tax-cut-economic-forecast.html

 

 


1 God: 1 World: 1 People     :peaceman: 


#6 2 Aces

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Posted 14 April 2019 - 07:24 AM

Citing the NYT? They were discredited many years ago!! :lol:

 

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#7 The Average Joe

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Posted 14 April 2019 - 07:47 AM

Wage GROWTH is at it's highest in a decade. Why you hating? If a dem had the kind of economic numbers this administration has, you would be yelling how great it is. And so would the MSM. Unfortunately, a progressive will never have these kinds of numbers because they dont believe in economic literacy.

This country was BUILT on economic freedom, not government control. THAT is a huge reason why it has been so successful


"Of all tyrannies, a tyranny sincerely exercised for the good of its victims may be the most oppressive" -- C.S. Lewis

 

If the only way to combat "global warming" was to lower taxes, we would never hear of the issue again. - Anonymous

 

"Society in every state is a blessing, but Government, even in its best state, is but a necessary evil; in its worst state an intolerable one" — Thomas Paine, 𝘊𝘰𝘮𝘮𝘰𝘯 𝘚𝘦𝘯𝘴𝘦 (1776)

 


#8 Chris

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Posted 14 April 2019 - 09:41 AM

 

Aww, too bad that theory doesn't work.        :KOOLAID:

The largest companies and their CEOs simply bought back more company stock and did not

significantly increase job growth or salaries.

 

Yet another failed "Trickle Down" theory busted!                 

 

 

Then why is the unemployment rate the lowest it has been in like 49 years...?   Blacks, Latino's, White, Asian, unskilled, uneducated, educated, every bodies boat has been floated by Trumps rising economic policy tide...!  I have a good idea where you are getting your "facts".....   The liberal MSM.   The NYT hates anything and everything about Trump. If Trump cured cancer tomorrow the NYT would run stories on how he is making healthcare workers lose jobs and putting big pharma out of business.  And buying back company stock is very good for the economy, takes shares off the market and increases shareholder value and confidence in the company.  Share buy backs are great....!   Just like Capitalism....!  But of course you progressives hate all that stuff...!   You don't like it when unemployment is low because no one in their right mind would vote for the false democrat party promises.  Chris


1A - 2A = -1A


#9 slowthegrowth

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Posted 14 April 2019 - 01:07 PM

There's noise coming from the loony bin I see.

Best to let them cry themselves to sleep.

Night night Crazy Uncle Vinny

#10 2 Aces

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Posted 14 April 2019 - 01:46 PM

:lol: Well said. Oh, and speaking of wealthy, kudos to Tiger today!! :beverage:

#11 The Average Joe

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Posted 15 April 2019 - 07:58 AM

The media sure worked for the dems and against Americans on this one. If you watch the news, you probably bought into their propaganda.  Only 23% of people think their taxes went down, but 80% had their taxes go down and 15% had no change.  Every Democrat voted against giving people more of their own money, so they had to sell the meme that the cuts weren't successful.

 

H&R Block data through March 31, 2019 shows the size of its clients’ tax refunds is up 1.4 percent under the first year of tax reform and new withholding tables, while overall tax liability is down 24.9 percent on average...Taxes down 25 percent, but refunds roughly flat, so where did the money go? Given the 24.9 percent decrease in tax liability for H&R Block clients, taxpayers want to know where that money went. Survey analysis from H&R Block uncovers an issue: Nearly 80 percent of Americans did not update their W-4 last year, resulting in a bump in their paychecks throughout the year, sometimes more than their taxes decreased. Now, H&R Block data reveals just how much the TCJA impacted taxpayers’ paychecks. With tax liability down nearly $1,200 on average, but refunds up just $43, an average of $1,156 went into paychecks during the year, or about $50 a biweekly paycheck starting in March of 2018.The impact of the withholding changes will be amplified in 2019 because they will be in effect all 12 months of the year.

 

https://twitter.com/...ax-cut-n2544750


"Of all tyrannies, a tyranny sincerely exercised for the good of its victims may be the most oppressive" -- C.S. Lewis

 

If the only way to combat "global warming" was to lower taxes, we would never hear of the issue again. - Anonymous

 

"Society in every state is a blessing, but Government, even in its best state, is but a necessary evil; in its worst state an intolerable one" — Thomas Paine, 𝘊𝘰𝘮𝘮𝘰𝘯 𝘚𝘦𝘯𝘴𝘦 (1776)

 


#12 slowthegrowth

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Posted 15 April 2019 - 11:12 AM

All your doing by presenting facts and logic is making crazy Uncle Vinny have to bury his head deeper in the sand to avoid having to deal with reality

#13 Chris

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Posted 15 April 2019 - 01:27 PM

And those are the job creators, the ones who risk capital, the ones who invest in a business and employ you and me.  Don't care that the rich get a bigger cut, they should actually...!   And do you know 50% of us, we the people, including illegals, pay no taxes, they actually get a bit more back when they file then what they paid in.  And guess who they all vote for...?   What party...?   Your party, the dnc, the party of "free stuff".....!   I'd like to change the tax law.  I say make everybody pay at least 5%.   And any new taxes are levied proportionately across the board.  Want a 1% raise in taxes, well that goes for everybody....!   Yep, that would be the end of the democrat party for sure.....!   1% to Buffet is a lot more than 1% to Jose down in Rancho making 24,000 a year and paying $850 a  month for a one bedroom...   Ever take any economics classes Tio Vinny, actual reality ones, the ones not taught by leftist professors from Harvard and Yale...?   Chris

Yep, I'd ignore me also Tio Vinny.........  No way you can argue against any of the above.  The truth often hurts, but it is good for you in the long run.  Chris


1A - 2A = -1A





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