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who gets wall street money? You are a fool if you think the majority of New yorkers are even involved in any wall street and know that wall street money spreads far, you know you can be behind a computer anywhere corrupting the market.
Do you have a retirement plan?
And once again, states and local governments can raise taxes and offset this while not subsidizing other states.
actually YES . while zero remains zero, clearly 324 billion WAS paid out ...
pass through.
corp
estate
repatriation rate.
all gifts for the wealthy.
In fact you Rs have delighted in recent stock market runup in expectation of this corporate give away. The 40% of that gain goes to those in the top 1%. and the vast majority of remaining gains go to the top 10%.
these tax cuts enrich those with large stock holdings not employees. listed Corps have fiduciary responsibility to represent the interests of the shareholders, not the employees.
and that $324 billion was not paid on a 35% tax rate, it was paid on effective tax rates, not marginal.
And even assuming that it was effective, (giving you wayyyy more benefit of the doubt), this would make federal tax revenues about $195 billion of which the difference gets passed to the investors and taxed at a HIGHER rate.
The net difference is very minimum.. no where close to "trillions"..
It appears to make winners out of low income people with no kids and the very rich while putting a big increased burden on lower income people with more than two kids and mid to upper middle income wage earners from all, not just blue, states. Why embrace that? It needs work. Hopefully it will never pass once people begin to see how bad it is.
Maybe people shouldn't be having kids they can't afford.
Location: Born & Raised DC > Carolinas > Seattle > Denver
9,338 posts, read 7,119,732 times
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Quote:
Originally Posted by evilcart
20% corp tax rate looks like trillions for the mega wealthy and pennies for the poor.
401k safe
mortgage relief caps.
The highest tax bracket will remain at 39.6%: According to reports, the plan will propose a fourth marginal tax bracket on high-income earners. It will reportedly apply to married couples making more than $1 million a year.
New individual tax brackets:
12%: Applies to incomes up to $45,000 for an individual and $90,000 for a married couple.
25%: Applies to incomes up to $200,000 for and individual and $260,000 for couples.
35%: Applies to incomes up to $500,000 for an individual and $1 million for couples.
Yikes, that looks horrific. The rich will benefit the most under Trump's new plan. Shocker.
Im really confused how you are spouting these "facts" with no proof I posted an article that states the exact opposite.
I guess the war on opioids is fake too
You dont think the states spend money on things like education?
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