Trump tax cuts 6 months later:it is exactly what critics predicted- Only the rich benefit.

I'm sorry - you forgot to mention the 90% of black voters who vote Democrat.

 

You are moving the goalpost from the OP. You're good at it, but I'm not an idiot. I have answered your question with a source. Contribute to this thread or I'm done with you. I'll flick you off my balls like I did

 

"There are good people on both sides"

 

While the lowest tax payers do not pay federal income tax, there are numerous other taxes they pay a disproportionate share of their income compared to the highest earners. Even removing this group that would encompass both the first and second quintile population groups, the top 5% receive between 200% - 300% of the benifit that is seen by members in the third and fourth quintile as a share of their income. It isn’t an even percentage across all earners and gets even worse in 2027 where the top earners benifit by a factor of several thousand than other income brackets - we actually see a negative benifit on the lowest income earners and stagnation on everyone but the super rich.

Why do the people that have seen their incomes grow (by percentage and in real means) faster than any other group need larger tax breaks than groups that have seen complete stagnation or in some cases decreases after considering inflation? How can you people really justify this?

 

Anyone that would support this tax system with a straight face is a horrible person.

Very nice post.

"Why do the people that have seen their incomes grow (by percentage and in real means) faster than any other group need larger tax breaks than groups that have seen complete stagnation or in some cases decreases after considering inflation?"

Political influence obviously. They send lobbyist that wine and dine these politicians to undermine the common man.

 

That’s not true Nav. They do pay FICA. EVERYONE pays FICA. They may have a zero liability on tax day, but they paid FICA, and they cannot get it back.

 

I don't care for either party and I don't believe either party cares about me. Living in super-dem Los Angeles, by the time I am done paying my taxes, I get to keep less than half of my hard-earned money to support my family of 7.

What are the benefits of paying high taxes here in the Democrats petri dish? Lets take a look:

How about the poor? Why is super-blue California the poverty capitol of America?

How about the middle class? How is our middle class doing?

Property and sales tax were raised to help the homeless. Can you take a wild guess how the homeless in LA are doing?

On top of the highest taxes, we pay a gas tax and additional registration fees to fix our roads they didn't fix for years because the high taxes weren't enough! We spend more per mile of road than the national average and look at our road conditions.

I suppose dems can point at reps and accuse them of being fiscally irresponsible, but it would not be with clean hands.

 

I know well.. I own one of those with 12 employees.

That didn't answer my question. Do you think that corporations should be obligated to evenly distribute savings and overhead costs in lieu of growing profits?

 

Ill agree with you there. I think our constitution should mandate a balanced budget minimum.

 

I own one myself and ofcourse that’s stupid, would I cut you employees pay during slow periods ofcourse not. During growth periods every remotely successful business person is trying to grow their business by buying more infrastructure or adding employees on and on, that’s is what you call spreading the wealth. If you don’t want to grow you’ll be out of business soon enough.

 

Don't go moving the goal posts.

The topic of this discussion and the topic of Trump's tax cuts were related to INCOME tax.

I am of the belief of a consumption tax on items other than food, medicine, etc. That is a whole different discussion. Let's focus on income tax.

You are playing a numbers game. Percentages are percentages.

Saying they receive X percent of somebody else is dishonest. They got a tax break of X percent of their tax obligation.

You seem to be forgetting that the rich and super rich currently pay the overwhelming majority of taxes. Especially considering a large portion of our country pays no income tax.

When they cut taxes, obviously the people that pay the most are going to realize the biggest savings, and reducing their overall obligation over time makes the most sense.

How can you claim that those people that have failed to increase their earnings are owed not responsible for sharing in their cost of living in this country?

Look, I have


How can you people really justify this?

[/QUOTE]

 

Yeah thanks I can add, but what I really want to know is how much do you need to make to save 2 grand?

 

Republicans pushed thru the Wealth Shift Legislation without even letting the Finance Committee reviewing or help crafting.

Then borrow over a trillion dollars.........

Now a Democrat will have to clean up the mess............ again

 

hahaha dems want their crumbs back. Too funny

 

Adding relevant information is not moving goalposts, to do that I would have had to dismisses what you said and requested more evidence.

Correct, the final year of the tax plan most Americans will receive a negative cut (meaning they will be paying more) while the top .01% will receive a 1.5% break - to be in this bracket you have to make 9.5 million meaning a minimum of $142,000, while everyone else gets a bill - and the deficit continues to balloon.

They currently pay less than they ever have. Corporations are paying almost nothing comparatively. Of course the people with all of the money are going to pay more - they benifit more. When 4 people make what 125 million Americans made do you really think their tax share can be equal?

If the percentages were even you would have an argument, they aren’t so you don’t.

Where did I say that? Futhermore how do you increase taxes on people that are already struggling to feed their families?

 

Apparently the OP doesnt have a job, or he would have gotten more money in his pay check.

 

C'mon dude. You are better than this. I even QUALIFIED my statement. If we are to believe what the government tells us, that money is earmarked to supplement retirement income. Essentially, for poor to middle class earners, they get that money back and more if they live long enough. So unless you are somewhat wealthy it is not a confiscatory tax.

 

nope..................https://www.thebalance.com/us-debt-by-president-by-dollar-and-percent-3306296

 

What a load of total crap. They obviously fail at simple math.

 

Yes. A source that says Obama extended the Bush tax cuts for the rich, not cut taxes for the poor and middle class.
Extend and cut do not mean the same thing.
And so, you have yet to provide an example of Democrats cutting taxes for anyone, much less the middle class and poor.

Good to see you have a healthy fantasy life.

 

Nothing in your post addresses what I said, so I shall accept your concession of the point made.

 

Why does it upset you that Trump increased the number of low-income people who pay no federal income tax?

 

So if it were up to you, you'd repeal the Trump tax cuts and decrease the number of low-income people who pay no federal income tax.
A real champion of the downtrodden, you.

 

They don't/won't receive Social Security and medicare?

 

You are doing intellectual cart wheels to try to defend your perspective.

I said "the rich and ultra rich pay the overwhelming majority of income tax in this country". That is a fact, and you know it. The lower percentiles actually have more deductions than tax obligations, meaning not only do they pay nothing, they get additional back.

Corporations NEVER pay. Corporations are for profit entities, meaning when their cost rise, including due to taxes, they raise the cost of goods and services to maintain profitability. Raising tax on corporations only causes the poor to pay more for the products they purchase... a tax you claim is regressive.

Why would you want to do that?

How do they benefit more?

The left is always speaking in absolute terms. We don't live in a black or white world.

A flat tax still works.

You are right.... percentages are no where near even.

The lower 20% pay zero tax while the top tax bracket pays what 35% on their highest earnings. Agreed, things are not even close to equal.

They can barely feed their family, yet they are popping out kids. Let's start here. Having kids is a choice. Why bring kids into the world you can't afford to feed... or expect that everybody else pay your way because you CHOOSE to do that?