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"But for many taxpayers, they will need to assess whether the new tables really are withholding enough money so that they’re not saddled with a big bill when they file their taxes next year."
Um, yay?
And for those of us who previously itemized - the tax 'break' will be minimal.
Wouldn't it make sense that the more money you make the better this tax cut is for you ?
10% of $1000 is a lot more than 10% of $10.
Trumps tax cut increases workers after tax income by 0.8%
Increases middle class Americans after tax income by 1.5%
Increases the richest 1% of Americans after tax income by 13.5%
And increases the richest 0.1% of Americans after tax income by 14.2% https://www.forbes.com/sites/janetno.../#541d43c365b9
And do you think billionaires like Bill Gates and Warren Buffet really need tax cuts?
Do billionaires like Gates and Buffet really need extra money to buy something or start a new business?
Actions speak louder than words...they don't support a tax cut for 90% of Americans...
Your argument is disingenuous.
The Democrats would have supported cuts for the middle class, but this plan is really a huge giveaway to the super-rich. The little you receive is a bribe, and it is demonstrated that you sell out way too cheap.
Quote:
Originally Posted by skycaller23
Who are you kidding here ? That's all we've heard from the Democrats. Now they are all silent.
Trumps tax cut increases workers after tax income by 0.8%
Increases middle class Americans after tax income by 1.5%
Increases the richest 1% of Americans after tax income by 13.5%
And increases the richest 0.1% of Americans after tax income by 14.2% https://www.forbes.com/sites/janetno.../#541d43c365b9
And do you think billionaires like Bill Gates and Warren Buffet really need tax cuts?
Do billionaires like Gates and Buffet really need extra money to buy something or start a new business?
Gates has a foundation, not a business and Buffet only takes $100K as an annual salary.
I'm predicting an extra $50 a check next month. That's an extra $100 a month on top of my new annual bonus announced last month. It's looking like an extra $4,000 for my family this year bc of Trump and the Republicans. Democrat policies can't compete with this when it comes to helping the middle class. They would still be talking about a $15 minimum wage
I'm predicting an extra $50 a check next month. That's an extra $100 a month on top of my new annual bonus announced last month. It's looking like an extra $4,000 for my family this year bc of Trump and the Republicans. Democrat policies can't compete with this when it comes to helping the middle class. They would still be talking about a $15 minimum wage
So because this benefits your specific situation you are going to ignore other analysis that indicate a large majority will go to the top 1% and on average it will be a gain for most of around $20 a paycheck. Most economists have been critical of this tax plan calling it foolish, your particular situation doesn't mean this is good for the country. That is being very narrow minded.
"Warren Buffett made $12 billion in 2016 and reclaimed his position as the second richest person in the world, according to Forbes’ billionaire rankings."
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