Breaking: Trump Admits His Previous Tax Cuts Were For The Wealthy Few

Fine, it’s it’s moral to as people that can barely feed their family to pay more while giving the rich enough to buy their eighth house. Most on the right are “religious”, do you think your god (if you have one) would be supportive of this?

 

It's more than that. It's fair to demand that the rich pay for government, they are the ones with the power. Ever wonder why we have people arrested for braiding hair without a license? There are barriers to entry at every gdamn turn for ordinary citizens all bought and paid for by the rich and their well-payed lobbyists. Make no mistake, the uber wealthy class makes the rules - they should pay for them.

 

How did the majority of the cuts go to the wealthy? https://www.thebalance.com/trump-s-tax-plan-how-it-affects-you-4113968

While they aren't massive, not nearly as much as I'd like to see, why do the Dems want to undo the tax cuts even for the middle class? Why didn't they support it? If it's so small, why are the Dems so concerned with getting it back from them?

It also doubled the standard deduction, and elimated a lot of itemized deductions the wealthy usually depend on. Revenue has increased just like it did under prior tax cuts....it's not a revenue problem, but spending problem why our debt grows. The GOP has just recently discussed their willingness to attack and reform the largest drivers of that debt...which is https://www.politifact.com/truth-o-...says-medicare-and-medicaid-are-largest-defic/

I'm not sure who told you the national debt has nearly doubled in Trump's first year in office...not even close...even the first two it hasn't....https://www.thebalance.com/national-debt-by-year-compared-to-gdp-and-major-events-3306287

It did however double, from all the Presidents prior to Obama, under his 8 years.

 

I agree, hence the reason they need jobs and lower tax rates, and we need to create an enviroment where people are creating businesses, like yourself, make it easier on them to do so, hire people etc....creating a larger tax base, so we don't have to depend on the few rich people to pay the vast majority of the taxes either.

 

Monaco is where the elite of the rich liberal elite go to spend their disposable income.

 

Thanks for the npc update

 

You're assumptions invalidate whatever question or position you're trying to convey.

I think it's terrible to subject people to a life of poverty by not doing something that will give them the opportunity to do something about it.

I will never sign on to any policy that believes it's better to train someone to live by government handout, as opposed to creating opportunities for struggling people to use their own talent and hard work to never be dependent on the whims of government officials.

 

Oh I don’t think we should “train” people to live off the government.
But the poor are more heavily taxed in sales and local taxes and the rich can easily shift their tax burden around to lessen it. We should be giving breaks to people who need it - not people that are just greedy.

 

https://www.google.com/amp/s/amp.bu...e-home-pay-changes-every-income-level-2017-12

 

That does not show methodology in the article itself or in the sources. Furthermore it makes a ton of considerations such as “single”, “childless”, “owns a house valued at three times their salary”. And none of the groups identified are the top 1% — much less the top 0.1%.

It was also estimated on the bill the house was voting on and does not include analytics that have actually occoured. The few cents the middle class saw in savings is temporary and completely reversed eventually while the upper class’s are permanent. Almost 4/5’s of the pass through savings go to the very top.


https://www.jct.gov/publications.html

 

Yup, we all knew it all along. The rest of us are barely keeping up with inflation but Trump wants to make the rich even richer. This failed policy isn't working.

 

Trump tells the world that the ocean contains water.

 

I don't base my debate on the top or bottom 1% much less top or bottom .01%. It serves no purpose to logical discussion.

Of course they make assumptions, they have to, all situations are different.

Now you are moving the goal posts. It was said that the middle class was getting nothing, which is false. Now you want to talk about percentage of all returns.

Ok, let's play this argument now.

The wealthy are getting 4/5ths of the total break, because they pay 4/5ths of the total tax liability.

 

Please quote me where I said the middle class was getting nothing - I said they are getting very little. I am not moving anything, this primarily benefited the rich — someone making 250k a year isn’t rich.

The rich should be getting 0 breaks. They already account for almost all financial increases in the last 20 years, they utilize the most loopholes and accounting tricks. The tax cuts should have been phased out after a certain income — actually they should have never been passed to begin with — they were unpaid for.

 

Corporations don't pay taxes. They just collect them. From US. And we have no way to know how much we're paying, because they're imbedded and hidden in the price of the stuff we buy every day.

 

At the risk of being repetitive, corporations don't pay taxes. No matter what it says on paper.

 

That’s strange, with the tax cuts they received I haven’t noticed a drop in prices anywhere.

Oh wait — they are keeping the money or doing stock buybacks (that mainly benifit the rich)

Carry on

 

Don't you know? Jobs are THE most insulting kind of "crumbs".

 

Their standard deduction is now doubled due to the tax cut. Also, families who earn less than 40K/year can qualify for the EITC (earned income tax credit) which can even give them back more than they paid in creating a negative tax (they make a profit rather than pay anything in). How do you propose to give someone who pays no taxes more of a tax cut? So all the whining you've made about tax cuts for those making less than $40K is a load of bullshit. The main group who will get a tax cut are tax payers.

 

Hmmmm, so asking a question is equal to whining.

 

so if you are successfully and wealthy you are greedy?? Wow. How are poor people more heavily taxed locally? Do they pay property taxes? How much? How about personally property? How are they taxes more heavy then wealthy people in that way? How do they pay more sales tax? At what rate is it different then those greedy people?

 

Does H&R Block get you the same tax breaks and loop holes that an account, bookkeeper or CPA does.

 

CPAs don’t work at H&R Block??? Bookkeepers do taxes? What are you trying to say?

 

Uh where did I say CPAs work at H&R Block, it pretty much speaks for itself.

 

that’s my point, you implied they didn’t. Certified public accountants work at H and R. I am asking what the point of your post was...not sure what you are getting at