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Then get your awesome red-states to stop leeching off Uncle Sam by taking a majority of the welfare money. STOP BEING POOR!!!!!! GO WORK!!! NO HANDOUTS!!!! That's the conservative way right?
They enjoy those $7.50 an hour jobs with no benefits and then can't figure out why they lead the nation in
so you're argument is that a liberal poster pointing out red states take in most federal welfare dollars is that the red states are subsiding libs/blue states?
Toyman has no argument at all, he just like the idea of sticking it to someone not him.
The good news is this Tax bill is falling apart as we speak.
senate bill and looks like 2 versions of the house bill. the more they lie and try to pretend this is anything but a multi trillion tax break for the wealthy and corps the more they are being exposed as the liars and theives that they are.
just look at the GOP's partisan tax bill. It purposely targets the coastal "elites" so that the "trumpers" will accept such a rubbish deal...
They know trumpers would accept living in a muddy puddle if they thought they could hurt some coastals...
Of course if it goes through it would likely give the Left a bunch more seats in the house...
Only in liberal lala land is lowering the tax rates, doubling the standard deduction and reducing exemptions for businesses considered a "tax increase on the middle class". The significant difference seems to be eliminating state and local taxes as a deduction-which for the middle class is more than made up for by doubling of the std deduction.
Of course high-income people in high-tax states will actually have to pay their fair share in federal income tax, instead of being subsidised by those in lower-tax states. Poor babies!
Conveniently omitting the elimination of personal exemptions?
Let me help with the first grade math. Family with kids:
now: 12700+2 x 4050+kids x 4050 = 20800 + kids x 4050
proposed: 24000
Conveniently omitting the elimination of personal exemptions?
Let me help with the first grade math. Family with kids:
now: 12700+2 x 4050+kids x 4050 = 20800 + kids x 4050
proposed: 24000
Questions?
It seems many people forget to mention the axing of the personal exemptions.
I am a conservative living in a blue state. This tax "cut" or whatever they are calling it is actually a proposed bill to further put the burden on middle class families living in blue coastal states.
Something like 50% of Americans pay no Federal Tax at all. Then we have the uber rich who use the loop holes designed for them so they pay the minimum.
Then there are the suckers. The middle class coastal blue state families making between 100-300 a year getting slammed and expected to support the country. Unreal.
It seems many people forget to mention the axing of the personal exemptions.
I am a conservative living in a blue state. This tax "cut" or whatever they are calling it is actually a proposed bill to further put the burden on middle class families living in blue coastal states.
Something like 50% of Americans pay no Federal Tax at all. Then we have the uber rich who use the loop holes designed for them so they pay the minimum.
Then there are the suckers. The middle class coastal blue state families making between 100-300 a year getting slammed and expected to support the country. Unreal.
Well, I am in Texas which is perceived as a low tax state, but the money has to come from somewhere, so property taxes are huge (and rising very rapidly in recent years due to housing boom). So the middle class families here would not do good under this proposal either, imo.
It seems many people forget to mention the axing of the personal exemptions.
I am a conservative living in a blue state. This tax "cut" or whatever they are calling it is actually a proposed bill to further put the burden on middle class families living in blue coastal states.
Something like 50% of Americans pay no Federal Tax at all. Then we have the uber rich who use the loop holes designed for them so they pay the minimum.
Then there are the suckers. The middle class coastal blue state families making between 100-300 a year getting slammed and expected to support the country. Unreal.
i agree.
I tax plan, use every trick and pay a dude who has never failed to find new legal ways to reduce our taxes.
and still we pay far more than our share. To be honest i don't mind too much but the idea of targeting us even more is just wrong. and it will cost the Rs a whole bunch of marginal red seats and secure blue ones.
Well, I am in Texas which is perceived as a low tax state, but the money has to come from somewhere, so property taxes are huge (and rising very rapidly in recent years due to housing boom). So the middle class families here would not do good under this proposal either, imo.
Welcome to the "Club of Suckers" Texas middle class lol...
Losing, the property tax deduction is a big killer. Losing the state tax deduction hurts. Losing the personal exemptions is pretty huge... God forbid one day may family does well enough to move out of our 750,000 crappy "starter" home, we will be kicked out of the mortgage interest deduction as well. Again, unreal.
I tax plan, use every trick and pay a dude who has never failed to find new legal ways to reduce our taxes.
and still we pay far more than our share. To be honest i don't mind too much but the idea of targeting us even more is just wrong. and it will cost the Rs a whole bunch of marginal red seats and secure blue ones.
I agree with you. It seems this plan is a direct attack on the blue state middle class families that are already paying more than our fair share and more than anyone else! As a conservative, if these idiots (I believe all politicians are jerks lol) pass this thing, I hope they lose seats. They deserve to. Not that I feel the democrats give a crap about us either. They seem to cater to the rich and the super poor.
It seems both sides kick us "upper" (because where we live) middle class in the stomach whenever they can.
AND to be honest, a big bulk of my property tax goes to school tax. I am happy to pay that as my kids get to go to an excellent public school that rivals any private school. So that is my choice.
Actually, the standard deduction doubling does not help MOST middle class people. MOST middle class people have student loans interest they deduct, property taxes they deduct and mortgage interest they deduct. If they take the standard and do not itemize they will be worse off.
Also, please with the "fair share" to the federal government. I live in a blue state. My family pays our fair share for sure, even with those deductions (we do not qualify for student loan deductions but all the rest I mentioned) we still pay more than probably 90% of Americans in taxes. Middle class in blue states are equivalent to the wealthy in red states apparently. Last I looked Blue states contributed more to the federal government than the red states do so I have no idea what you are rambling about on this one.
I think it's only around 30% of households that currently itemize, so I think it's a bit of an exaggeration to suggest that most middle class families itemize their deductions. I think everyone should have to use the same standard deduction, but if they are going to allow people to itemize then they should cap it to around 30k total. Allowing people to deduct mortgage interest is totally absurd in my opinion. It would make more sense to allow people to deduct their grocery and utilities expenses.
I think it's only around 30% of households that currently itemize, so I think it's a bit of an exaggeration to suggest that most middle class families itemize their deductions. I think everyone should have to use the same standard deduction, but if they are going to allow people to itemize then they should cap it to around 30k total. Allowing people to deduct mortgage interest is totally absurd in my opinion. It would make more sense to allow people to deduct their grocery and utilities expenses.
taking away personal exemptions will hurt families regardless if they itemize.
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