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For those interested, here's a breakdown of what is expected with the tax cuts. 80% of over 177 million taxpayers will get a tax cut. The average tax cut amount is estimated to be $2,140.
I'm getting a cut of something like $2k - 3k, for about 8 years or so. I'm not real happy about it considering what it's gonna cost me in the long run.
Still trying to figure out that if the stated rate is 35% but the effective rate is 15% they couldn't redo the rate to 21% and cut enough of the breaks to make it revenue neutral or close to it.
I'm getting a cut of something like $2k - 3k, for about 8 years or so. I'm not real happy about it considering what it's gonna cost me in the long run.
Feel free to write a check to the federal coffer and mark it “just to help outâ€.
I'm getting a cut of something like $2k - 3k, for about 8 years or so. I'm not real happy about it considering what it's gonna cost me in the long run.
Tell us what it's going to "cost" you in the "long run." Explain that to us.
Tell us what it's going to "cost" you in the "long run." Explain that to us.
I think the end result for me will be a higher cost of living (housing especially), I'll draw Social Security later in life, I'll be required to spend more on healthcare, and a I'll have higher tax rate in ~15 years.
There is also likely to be higher crime as well as higher state and local taxes.
Every one gets a tax cut...except those that don't.
Personally, my tax cut will amount to a $0.75 per hour raise. Whoop de doo!
As for the average tax cut amount of $2,140...it's a prime example of statistics used too simply. If Bill Gates and I were the only two people in the same room, then the average per capita wealth in that room would be around $40 billion. That doesn't mean that I'm worth $40 billion.
Sell it however you need to, Republicans. Simple fact is that this "tax reform" is just the same as getting a cash advance on the federal credit card to allow people with a lot of money to keep even more money...but the bill for that advance will be born by all of us.
Privatize the tax cuts, socialize the resultant debt...that's what's going on here.
I'll believe it when I see it. I'm tired of hearing the same old thing from politicians, year after year... "Oh, you'll be able to keep more of YOUR hard earned money, so that you can spend it however you wish"... then, when all is said and done, the amount I save from tax cuts is trivial.
I want REAL, substantial tax savings that I can actually use, OR I want to see some no kidding services in return for our tax dollars (i.e. better, cheaper healthcare for everyone, not just poor people, better infrastructure, better schools, stronger military etc.)
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