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The word is out, taxes go up on the middle, the POTUS gets a 41% lowering.
Individual health ins. goes up 10%
Jobs increase 0.6%, incomes increase 0.8%, These are over 10 years.
So growth slows down.
The coming decrease in state and federal spending leads to higher local taxes. So sales, real estate, property and all those nice fees the GOP like to add on.
In my county the local GOP controlled commissioners are attending Board of Ed. meetings telling them that to expect less state and federal aid. Guess what you will see an increase in your taxes which will be far larger then what ever the GOP claims you will pay.
Simple math less people paying means higher amounts to pay.
in the former case, reduction in business taxes is PROGRESSIVE in nature. Companies do not pay taxes. Their customers do. Its a hidden tax that hurts the poor. by reducing business taxes, you effectively give tax breaks to the poorest Americans. I would think you would like that?
That is a lie. Stop repeating it.
Market prices are set by what people are willing to pay.
Corporate taxes go to zero you won't see a penny decrease in costs to consumer.
They've already shown what they're willing to pay.
What they changed is how you do your taxes who can claim what and who can't ,bye allowing certain things for the reach and not for others under a certain amount of income .Many middle class American do not itemize their taxes and take a "standard deduction" well that has changed to benefit the rich $175,000 and above,their deduction will be more so they will pay less if you and your spouse make 110,000 or less together your taxes should go up almost $2000
The IRS calls it a "Standard Deduction" because it's exactly the same for all Tax filers at all income levels.
The Tax Forms are all exactly alike - the deductions are printed on the forms - rich/middle/poor all use the same forms. Am I the only one that actually does their own taxes around here?
Total Nonsense to say that the "rich" get a bigger Standard Deduction ..... or it's just another Leftist LIE?
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