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Too bad dems didn't run a winnable candidate. Talk about uneducated, what were they thinking? If they are sooo smart why did they let this happen?
The only reason I even toyed with the possibility of Trump as president was that he had his own money and so could nt be beholden to the same ol fat cats trying to use the dollar as their power tool of influence in government.
Holly cow we ended up with one who it appears to be beholden $$ and otherwise to Russia. Yikes !
I am seriously guilty of not doing my homework on him. So much available info that fits the bill of who he is in front of us today. Why is it that the POTUS cant seem to get out in front of the cameras from his own mouth, what his spokes peron s seem to say the POTUS believes etc... He s a sham.
Personally, I think the whole damn election is a fraud, Trump and his family know it, Putin know s it, and Mueller et al., know it, and dont know what the hell to do about it.
Considering the fast and furious sweeping up of males in the population regarding sexual abuse of women in their midst , women today are STILL by and large viewed and considered only good for one thing. And too many of age still carry that around as their self image and dont have the character or courage to push past it. 360 ineffective.
So-how about we try some honesty for a change? (yeah, I know-not something Dems are good about).
The tax bill increases the standard deduction to $24, 400. Now-how many of you whining about the bill HONESTLY pay more than this in mortgage INTEREST and property taxes? It's not "the poor". Or even a significant portion of the middle class. It will only impact a small number of high-income earners. You know, "the rich" the left like to demonize.
You need to educate yourself on this topic mate.
so here you go...
Quote:
In 2016, the personal exemption was $4,050. Thus, a married couple with three children received a maximum exemption of $20,250, or $4,050 for each of the five family members.
Together, the standard deduction and personal exemptions can significantly reduce a filer’s tax payment.
For example, if a married couple with three children has $50,000 in wage income, they would have only $17,150 in taxable income after subtracting the standard deduction and personal exemptions.
(note the 20.250k exemptions are added TO the 12.6k standard for a total of about 32.8K income before paying 1 cent of income taxes for a family of four under the existing system) trump replaces that with 24K plus some change... ie they lose under trump
it is pretty clear that you did not understand this and that you thought is was 12k going to 24k when in reality for a couple the effective standard deduction was already 12.6k plus 4.x K each for joint filers...
NOW anyone NOT taking the standard deduction in 2017 is not much more likely to take in 2018.. because while the standard was doubled, the exemptions are being taken away and for a family of 4 things are getting worse not better.
I knew this is what would be posted in response to my post. And it's utter bull tripe.This tax rate is all about REPATRIATION of profits already held overseas which are NOT being brought back to the US due to double taxation and a 39% corporate tax rate.
Around 65% of large corporations have zero tax liability after credits. And "the average effective tax rate among the profitable large corporations is 16.1% under federal tax treatment."
To assert that this will lead to a mass movement of factories overseas is to completely accept the opposite, which is that trillions in profits overseas will never be brought back to the US as is the status quo.
Your chosen sources have twisted it to fit your/their agenda while ignoring that the reverse will mean ZERO chance of repatriating those trillions at the current tax rate. If that's acceptable to you, then its time to stop complaining about it.
You claim the above sources I posted are "utter bull stripe" and "twisted to fit their (liberal) agenda." Could you please post an accurate source that contains the actual truth.
62% of the benefit goes to the richest 1% of the public. not something i just made up but an easy to check fact.
The top 10% of income earners in America (adjusted gross income over $138,031), pay about 70.6% of federal income taxes. The bottom 50% of income earners ($39,275 or less) pay only 2.83% of federal income taxes.
in any tax cuts across the board the people that pay most of the taxes will get more of their money back.........liberals always with their disingenuous argument and class warfare.
(note the 20.250k exemptions are added TO the 12.6k standard for a total of about 32.8K income before paying 1 cent of income taxes for a family of four under the existing system) trump replaces that with 24K plus some change... ie they lose under trump
it is pretty clear that you did not understand this and that you thought is was 12k going to 24k when in reality for a couple the effective standard deduction was already 12.6k plus 4.x K each for joint filers...
NOW anyone NOT taking the standard deduction in 2017 is not much more likely to take in 2018.. because while the standard was doubled, the exemptions are being taken away and for a family of 4 things are getting worse not better.
hope that clears it up for you.
Under both the "old" and "new" plan, a couple with a combined income of $50,000 and 3 children pay zero in net taxes. In addition, the child tax credit is increased under the new plan. Your point?
Lets say we looked at a married couple, same income no kids. Under the old plan, they would pay $3448, under the new one, $2472. In other words, they would pay 39.5% more under the old plan than the new one.
But heck, just keep bleating "tax cut for the rich" without checking facts. It's what liberals do.
The top 10% of income earners in America (adjusted gross income over $138,031), pay about 70.6% of federal income taxes. The bottom 50% of income earners ($39,275 or less) pay only 2.83% of federal income taxes.
in any tax cuts across the board the people that pay most of the taxes will get more of their money back.........liberals always with their disingenuous argument and class warfare.
Anyone worried about class warfare should not support the rich getting richer when the there are less middle-class jobs year after year.
The middle class is the block that keeps the foundation of the country stable.
The only reason I even toyed with the possibility of Trump as president was that he had his own money and so could nt be beholden to the same ol fat cats trying to use the dollar as their power tool of influence in government.
Holly cow we ended up with one who it appears to be beholden $$ and otherwise to Russia. Yikes !
I am seriously guilty of not doing my homework on him. So much available info that fits the bill of who he is in front of us today. Why is it that the POTUS cant seem to get out in front of the cameras from his own mouth, what his spokes peron s seem to say the POTUS believes etc... He s a sham.
Personally, I think the whole damn election is a fraud, Trump and his family know it, Putin know s it, and Mueller et al., know it, and dont know what the hell to do about it.
.
you can't back up any of the B.S. that you just wrote........what money is Trump with Congress (congress signs the checks) is giving Russia.....please name 1 thing that Trump has given Russia in weapons or aid.
so the people that voted for Trump did it because Putin made them to? .........the liberal hysteria gets more stupid by the day.
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Question for the Depression Era historian:
.........the liberal hysteria gets more stupid by the day.
