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Not spin. Everyone should understand taxes because it's the most immediate way the government harms them every single freaking day.
In this case, rich, poor and all points in between should be preparing to find new ways to minimize their tax burden to the maximum extent possible. I hate our tax laws that penalize both laziness and ignorance, but our tax code has been this way since the income tax was amended into the Constitution.
This tax bill, like every single one before it, will change things around that will penalize the least prepared and either not effect or reward the most prepared. "Prepared to handle taxes" is not a matter of money, it's a matter of willpower and effort, since all the information anyone needs to understand it is free and widely available, with every single box of the 1040 and every other form detailed in painful verbosity.
So grad students, rich or poor, should be hammering away at the bursar and administration as soon as this bill makes it into law to understand their tax implications of how their deals are structured. And I'd cry a river for them, but I expect grad students to be able to do basic research and have a basic understanding of their own finances without having their hands held the entire time.
It certainly is spin, and no thinly-veiled wall of text will change that fact.
This should stimulate the economy and create jobs.
When you give poor and middle class Americans tax cuts they spend the extra money in restaurants, clothing stores, sporting goods stores, and for products like computers and cable TV from large corporations.
When that extra money is spent those businesses sell more goods and services, then those businesses hire more workers to sell the extra goods and services. Then the wholesale suppliers that sell goods to the stores sell more goods, then the wholesale suppliers hire more workers to ship and manufacturer the extra goods. And the corporations that sell the computers and cable TV sell more goods and services and then hire more workers to manufacturer and sell the extra goods.
But Trumps tax cuts raise workers income by 0.8%, raise middle class Americans income by 1.5%, raise the richest 1% of Americans income by 13.5%, and raise the richest 0.1% of Americans after tax income by 14.2%. https://www.forbes.com/sites/janetno.../#22158d9365b9
Can you please explain how giving the richest 1% of Americans tax cuts stimulates the economy and creates jobs?
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Obama was the biggest job killer just when we needed jobs.
Obama was president from 2009 to 2017. The following are unemployment rates from 2009 to 2017.
Funny, I don't remember all of the b*tch*ng and belly aching when...
Let's see. On or about 1983 (a), the full retirement age for SS benefits was increased, and in 1986 phased out the deductibility of consumer interest charges over a five-year period, ending in 1991, and ended the deduction for state and local sales taxes., .
Quote:
(a) Social Security's full-benefit retirement age is increasing gradually because of legislation passed by Congress in 1983. Traditionally, the full benefit age was 65, and early retirement benefits were first available at age 62, with a permanent reduction to 80 percent of the full benefit amount. Currently, the full benefit age is 66 years and 2 months for people born in 1955, and it will gradually rise to 67 for those born in 1960 or later. Early retirement benefits will continue to be available at age 62, but they will be reduced more. When the full-benefit age reaches 67, benefits taken at age 62 will be reduced to 70 percent of the full benefit and benefits first taken at age 65 will be reduced to 86.7 percent of the full benefit.
Survivors and thrivers adjust. Losers whine. Bunch of p@ssies.
This should stimulate the economy and create jobs. Obama was the biggest job killer just when we needed jobs . Obama killed the economy. Trump is doing everything he can to create jobs. We are hanging direction.
Sadly, you have been the victim of misinformation.
Funny, I don't remember all of the b*tch*ng and belly aching when...
Let's see. On or about 1983 (a), the full retirement age for SS benefits was increased, and in 1986 phased out the deductibility of consumer interest charges over a five-year period, ending in 1991, and ended the deduction for state and local sales taxes., .
Survivors and thrivers adjust. Losers whine. Bunch of p@ssies.
I was a child then, so that's not something I cared about at the time. We aren't whining, we are ANGRY that the GOP has passed a law to increase our taxes by 25%. And at the same time, lie to our face about this being a needed tax cut for the middle class. Its lying to us and taking our money, hell yeah we are mad. And we are conservatives who will rebel against what took over this great party.
Obama saved the economy. do you have a short memory or are you just a kid?
Bush2 killed it with his failed wars and record high gas prices.
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