Elections MAGANOMICS

Mr Holmes said:
The article is from The Hill. It not about who got the biggest tax break. The comment said Trump raised taxes on the middle class.
Click to expand...
The piece was written by Justin Haskins. Look at the bottom:

Justin Haskins ([email protected]) is director of the Socialism Research Center at The Heartland Institute and the co-author, with Glenn Beck, of the forthcoming book "The Great Reset: Joe Biden and the Rise of 21st Century Fascism."

Great source! The tax cut was huge for rich individuals and corporations. The net impact was negative for everyone else (logically).
 
DiddlyDoodly said:
Gas was cheaper, thus was the cost of everything else that required fuel to transport it.

OGC.4303c7318d56bf124d643a8ad3e2a8c8
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So you agree everyone but the rich should be taxed more?
 
Mr. Shickadance said:

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www.congress.gov
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Jack V Savage said:
The piece was written by Justin Haskins. Look at the bottom:

Justin Haskins ([email protected]) is director of the Socialism Research Center at The Heartland Institute and the co-author, with Glenn Beck, of the forthcoming book "The Great Reset: Joe Biden and the Rise of 21st Century Fascism."

Great source! The tax cut was huge for rich individuals and corporations. The net impact was negative for everyone else (logically).
Click to expand...
I'm familiar with the bill. It cut taxes for everyone.
 
James Eagle said:
Team Trump reads Sherdog, confirmed
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Reading my mind. The WR is a powerful place.

I'm looking forward to the emerging realities in here for the next 12 to 18 months. Epic.
 
Mr Holmes said:
I'm familiar with the bill. It cut taxes for everyone.
Click to expand...

Keep in mind that this genius was the master mind behind “inflation is transitory”.

By transitory, he meant that it might be addressed if trump is reelected and this disgraceful, worst rated president, who confirmed showered with his puberty aged daughter, is removed.

Bottom line is they are partisan freaks, in a death cult, where the death is America. Go figure it is headed by one of Americas more corrupt and longest reigning members of the political class
 
Mr Holmes said:
I'm familiar with the bill. It cut taxes for everyone.
Click to expand...
Tax cuts expire yearly
Moving down each tax bracket

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www.washingtonpost.com
“First, take a look at what happens to families with children. In just about every category except under $10,000-income, a huge number of families face a tax hike. All told, more than 40 percent of families with children would experience a tax hike.”
 
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Mr Holmes said:
The article is from The Hill. It not about who got the biggest tax break. The comment said Trump raised taxes on the middle class.
Click to expand...

Jack V Savage said:
The piece was written by Justin Haskins. Look at the bottom:

Justin Haskins ([email protected]) is director of the Socialism Research Center at The Heartland Institute and the co-author, with Glenn Beck, of the forthcoming book "The Great Reset: Joe Biden and the Rise of 21st Century Fascism."

Great source! The tax cut was huge for rich individuals and corporations. The net impact was negative for everyone else (logically).
Click to expand...


https://thehill.com/opinion/finance...enefited-middle-working-class-americans-most/

IRS data proves Trump tax cuts benefited middle, working-class Americans most​

The fact is, Republicans’ 2017 tax reform law did exactly what was promised: It lowered taxes for all income groups, provided the greatest benefits for middle-income households, and spurred economic growth that helped reduce poverty and improve prosperity.

https://www.wsj.com/articles/trump-tax-cuts-working-middle-class-rich-wealthy-11663018174

The Trump Tax Cuts Were Not ‘Tax Cuts for the Rich’​

The most significant benefits accrued to working- and middle-class filers.​

IRS data reveal that all income brackets benefited as result of the Trump tax reforms, with the most significant benefits accruing to working- and middle-class filers, not to the wealthiest, as media and Democrats have ceaselessly claimed. For instance, those earning between $50,000 and $100,000 a year had a reduction in taxes of about 17%, while those with $100,000 to $500,000 in income saw their tax bill reduced by about 13%. All working Americans shared in the economic benefits of the 2017 legislation.

https://www.grassley.senate.gov/new...cans-saw-biggest-tax-reduction-trump-tax-cuts

ICYMI: IRS Data: Middle Class Americans Saw Biggest Tax Reduction From Trump Tax Cuts​

By Alex Hendrie
Americans for Tax Reform
Published September 22, 2020

The IRS has released 2018 Statistics of Income (SOI) data.

This data shows that middle income American families saw the biggest tax cut – measured as the percentage decrease in "total tax liability" between 2017 and 2018 – from the Trump-Republican Tax Cuts and Jobs Act (TCJA).

Total tax liability includes federal income taxes as well as taxes listed on IRS form 1040 such as social security taxes on self-employment income and tax applicable to individual retirement arrangements (IRAs).

As the data notes, Americans with incomes between $50,000 and $100,000 saw their tax liability drop by twice as much as Americans with income above $1 million:

  • Americans with adjusted gross income (AGI) of $50,000 to $74,999 saw a 13.2 percent reduction in average tax liabilities between 2017 and 2018.

  • Americans with AGI of between $75,000 and $99,999 saw a 13.6 percent reduction in average federal tax liability between 2017 and 2018.

  • Americans with AGI of $1 million or above saw a 5.8 percent reduction in average federal tax liability between 2017 and 2018, less than half the tax cut seen by Americans with AGI between $50,000 and $100,000.
 
ShadowRun said:
https://thehill.com/opinion/finance...enefited-middle-working-class-americans-most/

IRS data proves Trump tax cuts benefited middle, working-class Americans most​

The fact is, Republicans’ 2017 tax reform law did exactly what was promised: It lowered taxes for all income groups, provided the greatest benefits for middle-income households, and spurred economic growth that helped reduce poverty and improve prosperity.

https://www.wsj.com/articles/trump-tax-cuts-working-middle-class-rich-wealthy-11663018174

The Trump Tax Cuts Were Not ‘Tax Cuts for the Rich’​

The most significant benefits accrued to working- and middle-class filers.​

IRS data reveal that all income brackets benefited as result of the Trump tax reforms, with the most significant benefits accruing to working- and middle-class filers, not to the wealthiest, as media and Democrats have ceaselessly claimed. For instance, those earning between $50,000 and $100,000 a year had a reduction in taxes of about 17%, while those with $100,000 to $500,000 in income saw their tax bill reduced by about 13%. All working Americans shared in the economic benefits of the 2017 legislation.

https://www.grassley.senate.gov/new...cans-saw-biggest-tax-reduction-trump-tax-cuts

ICYMI: IRS Data: Middle Class Americans Saw Biggest Tax Reduction From Trump Tax Cuts​

By Alex Hendrie
Americans for Tax Reform
Published September 22, 2020

The IRS has released 2018 Statistics of Income (SOI) data.

This data shows that middle income American families saw the biggest tax cut – measured as the percentage decrease in "total tax liability" between 2017 and 2018 – from the Trump-Republican Tax Cuts and Jobs Act (TCJA).

Total tax liability includes federal income taxes as well as taxes listed on IRS form 1040 such as social security taxes on self-employment income and tax applicable to individual retirement arrangements (IRAs).

As the data notes, Americans with incomes between $50,000 and $100,000 saw their tax liability drop by twice as much as Americans with income above $1 million:

  • Americans with adjusted gross income (AGI) of $50,000 to $74,999 saw a 13.2 percent reduction in average tax liabilities between 2017 and 2018.

  • Americans with AGI of between $75,000 and $99,999 saw a 13.6 percent reduction in average federal tax liability between 2017 and 2018.

  • Americans with AGI of $1 million or above saw a 5.8 percent reduction in average federal tax liability between 2017 and 2018, less than half the tax cut seen by Americans with AGI between $50,000 and $100,000.
Click to expand...
The first one was what we're talking about. I am aware that GOP propagandists are promoting the idea that the tax cut for the rich was actually a cut for everyone. But, in fact, it was massive upward redistribution. The trick being played by propagandists is looking at percentage terms. The median American pays very little federal income taxes (remember Romney's rant about the 47%). So, like cutting someone's federal ETR from 5% to 4% can be represented as a 20% cut and sound huge, but it's actually very little. But rich people get a huge dollar cut, and it can look like a small percentage. That's why I pointed out that Bloomberg personally got a $68M benefit in the first year. Do you know anyone who got that much of a tax cut? And, as I pointed out, he didn't make $68M more in goods and services for that. It's just money given to him that we're collectively borrowing to pay for. For middle-class Americans, the money they're paying to rich people from that is far greater than the miniscule cuts.
 
ShadowRun said:
https://thehill.com/opinion/finance...enefited-middle-working-class-americans-most/

IRS data proves Trump tax cuts benefited middle, working-class Americans most​

The fact is, Republicans’ 2017 tax reform law did exactly what was promised: It lowered taxes for all income groups, provided the greatest benefits for middle-income households, and spurred economic growth that helped reduce poverty and improve prosperity.

https://www.wsj.com/articles/trump-tax-cuts-working-middle-class-rich-wealthy-11663018174

The Trump Tax Cuts Were Not ‘Tax Cuts for the Rich’​

The most significant benefits accrued to working- and middle-class filers.​

IRS data reveal that all income brackets benefited as result of the Trump tax reforms, with the most significant benefits accruing to working- and middle-class filers, not to the wealthiest, as media and Democrats have ceaselessly claimed. For instance, those earning between $50,000 and $100,000 a year had a reduction in taxes of about 17%, while those with $100,000 to $500,000 in income saw their tax bill reduced by about 13%. All working Americans shared in the economic benefits of the 2017 legislation.

https://www.grassley.senate.gov/new...cans-saw-biggest-tax-reduction-trump-tax-cuts

ICYMI: IRS Data: Middle Class Americans Saw Biggest Tax Reduction From Trump Tax Cuts​

By Alex Hendrie
Americans for Tax Reform
Published September 22, 2020

The IRS has released 2018 Statistics of Income (SOI) data.

This data shows that middle income American families saw the biggest tax cut – measured as the percentage decrease in "total tax liability" between 2017 and 2018 – from the Trump-Republican Tax Cuts and Jobs Act (TCJA).

Total tax liability includes federal income taxes as well as taxes listed on IRS form 1040 such as social security taxes on self-employment income and tax applicable to individual retirement arrangements (IRAs).

As the data notes, Americans with incomes between $50,000 and $100,000 saw their tax liability drop by twice as much as Americans with income above $1 million:

  • Americans with adjusted gross income (AGI) of $50,000 to $74,999 saw a 13.2 percent reduction in average tax liabilities between 2017 and 2018.

  • Americans with AGI of between $75,000 and $99,999 saw a 13.6 percent reduction in average federal tax liability between 2017 and 2018.

  • Americans with AGI of $1 million or above saw a 5.8 percent reduction in average federal tax liability between 2017 and 2018, less than half the tax cut seen by Americans with AGI between $50,000 and $100,000.
Click to expand...

lol, you can post the actual facts like this, the real wages, the money people are spending more per year under Biden, the record credit card debt and other debts like mortgages, etc.

But the same retards will spout the same lies and/or deflections. Regardless, Trump
Built the best American economy since ww2. While also not starting any new wars.

What a god send
 
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