Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Middle-Class single parent with two kids under Trump reform would have a massive 23% tax cut. A single parent with two kids making $52,000 a year will have nearly $20,000 more money over an 18 year period thanks to the Republicans.
Literally thousands of stories online about how less money to Washington politicians and more in the pockets of American workers is going to cause recession, repeat of what happened ten years and won't do anything for the economy.
So much doom and gloom just because Republicans are proposing that less goes to Washington and more goes to hard-workers to do what they please with the money they earned.
I love examples like these. Let me frame it another way. A women making $936,000 over 18 years will get to keep $20,000 over that period. It no longer sounds like much does it?
Great post seems like some of the details were left out by the OP, I don't see a response challenging any of your numbers. People wonder why we elect such lousy people to office, this is a perfect example.
I do have to wonder where this fictitious average family of 4 lives on $52,000.
Here is a chart that spells out the winners and losers:
As one can see, most middle-class taxpayers see an increase from this plan, while 98.1% of the top one-tenth of one-percent of taxpayers get a cut.
Between the 2016 election and October 2, 2017, The New York Times, The Washington Post, The Los Angeles Times, USA Today and the Wall Street Journal cited TPC 186 times. While at least 72 of those stories used the phrase “nonpartisan Tax Policy Center,†just four (or 2.1 percent) accurately described TPC as “left-leaning†or “liberal-leaning.†The other 98 percent of stories did not.
Yet TPC has received millions of dollars from liberal donors like the Rockefeller Foundation and the Ford Foundation. It was also founded by two liberal groups --the Urban Institute and Brookings Institute. As The Wall Street Journal pointed out in March 2016, both the Brookings Urban Institutes regularly oppose tax cuts, and that bias has flooded TPC’s positions.
The Tax Policy Center's analysis has never been questioned.
What you are saying is that you can't trust the analysis because you don't like the people that donate funding. However, I am sure that you would believe everything said by the Koch Bros funded Heritage Foundation and CATO, even though their accuracy have been challenged many times.
It also isn't the Tax Policy Center concluding that the tax deal is bad. 42 economists say that the GDP growth assumed in the plan is BS. http://www.igmchicago.org/surveys/tax-reform-2
Every other non-partisan group that evaluated the Senate plan comes to the same conclusion.
The Tax Policy Center's analysis has never been questioned.
What you are saying is that you can't trust the analysis because you don't like the people that donate funding. However, I am sure that you would believe everything said by the Koch Bros funded Heritage Foundation and CATO, even though their accuracy have been challenged many times.
It also isn't the Tax Policy Center concluding that the tax deal is bad. 42 economists say that the GDP growth assumed in the plan is BS. http://www.igmchicago.org/surveys/tax-reform-2
Every other non-partisan group that evaluated the Senate plan comes to the same conclusion.
The Tax Policy Center is not a "non-partisan group," so what do you mean by "every other non-partisan group"?
It's not a fact, it's just your Trump Derangement Syndrome again.
No bill has been passed or signed, so nobody knows what will be in the final version. Good job repeating the DNC talking points though. You're good at it.
Wait what? First you say that Trumps tax plan would be awesome for everyone and then you turn around and say no one knows what will happen until it passes? Make up your mind.
Because I do itemize ~ it seems like the Trumpies think no one in the middle class itemizes - my taxes could very well be going up depending on what deductions I'm no longer allowed to take.
IF they tax grad school stipends as indicated ~ my son will be paying a LOT more.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
