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I think it is odd that despite record revenue for 2018, some in the federal government are still searching for more.
I think it is odd that the media keeps harping on the tax cuts when speaking about the growing deficit...while almost totally ignoring that federal government revenue is increasing after Trump's tax cuts went into effect.
Federal income taxes are up 9% AFTER Trump's tax cuts.
No, they would not pay 80% of their income in taxes. From what I gathered from her interview, the top rate would apply to income exceeding $10 million. Not sure what the details are since this is based on some TV interview.
It doesn't help that Alexandria Ocasio-Cortez isn't the sharpest tool in the shed.
She constantly gets numbers wrong.
She doesn't even know which color represents which party.
I think it is odd that the media keeps harping on the tax cuts when speaking about the growing deficit...while almost totally ignoring that federal government revenue is increasing after Trump's tax cuts went into effect.
Federal income taxes are up 9% AFTER Trump's tax cuts.
Who cares if she is clueless, as long as she is passing out free stuff from other people's money!
You can't math.
Income tax revenue went down WAY more than 9% to even call the 9% an "increase". The deficit has increased and has not risen to match what was the deficit before the tax cut, so net dollars is, Uncle Sam is still spending more than he takes in.
This means that in NY and CA, when you include state and local taxes, some people will be paying over 80% in taxes. Thats just absurd, regardless of how much money anyone makes. The federal government does not have the right to take 70% of anyone's income, taking ~30% is questionable, especially considering how wasteful they are with it.
Just a dingbat talking dingbat language. Don’t pay that idiot any mind.
Income tax revenue went down WAY more than 9% to even call the 9% an "increase". The deficit has increased and has not risen to match what was the deficit before the tax cut, so net dollars is, Uncle Sam is still spending more than he takes in.
Total revenue collected by the federal level for 2018 is the most in history, despite tax cuts. How much more do you think the federal government needs? At what point do you think there is a spending problem and not a revenue problem?
I'm getting a kick out of Sandy.....she lacks any self-awareness. She's a bug-eyed FDR, or Abe Lincoln, or whatever historical figure she feels like she is when she wakes up on any given day
Also wish schools would go back to teaching some of the basics; such as how marginal tax rates work.
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