Posted on 12/27/2017 10:11:07 AM PST by Kaslin
No I said the politician that brags about how big the tax cut is, is a phoney.
In what world could you imagine I said we should give our tax cut to the politician for dinner?
Do you shop for groceries in your home? You may have noticed that a quality Apple can sell for a couple bucks, or that a nice steak can run you 15 to 20 dollars unless you spring for a Wagyu at $200.00 plus a pound. Even the lonely potato can cost near a dollar a pound. Hamburger goes for near $4.00.00 and you think a thousand dollars is a big cut.
I am thrilled that you are getting more than that back but you will likely not be typical. In any case the article specified a thousand dollars and that is what I addressed.
Oops $4.00.00 = $4.00
I’m glad, but disappointed also. God bless President Trump for keeping his promise to get a tax cut passed, or at least close to passed, THIS YEAR despite the resistance in both the GOP and the DNC. It is astonishing how much blood sweat and tears it takes for these corrupt politicians to make such small cuts.
However, the cuts should be MUCH greater (10-15% flat), the brackets should disappear, and the so-called “Corporate Tax” (a hidden individual tax which % should be added in calculating individuals’ tax rate) should be abolished. Launch our economy into the stratosphere and turn the IRS into a storefront.
Much more work needs to be done. This should only be the first shot over the bow.
Analysis from Forbes below...
And here are the rates for married taxpayers filing jointly:
Income Level....Current Rate….Proposed New Rate
$0 - $19,050 ..............10%...............10%
$19,050-$77,400 .......15% ..............12%
$77,400-$156,150 .....25% ..............22%
$156,150-$165,000 ...28% ..............22%
$165,000-$237,950 ...28% ..............24%
$237,950-$315,000 ...33% ..............24%
$315,000-$400,000 ...33% ..............32%
$400,000-$424,950 ...33% ..............35%
$424,950-$480,050 ...35% ..............35%
$480,050-$600,000 ...39.6%............35%
> $600,000 39.6%............................37%
“In what world could you imagine I said we should give our tax cut to the politician for dinner?”
The world of itsahoot? I lifted the example from your post where a taxpayer’s tax savings is metaphorically used to pay for a politician’s dinner. Us taxpayers already resent politicians taking our money to use on themselves and their own. I resented the metaphor and simply called you on it as any conservative should.
The thousand dollar savings from the article represents very low earnings or very high earnings in a high tax state. To get that low of a savings the participants have to be cherry-picked from low wage earners and high wage, high tax earners. I.e. democrats. IOW the author cherry-picked respondents for shock value. Many middle class conservatives already ran the numbers and are aware of our savings -as well as what variables and conditions contribute to savings.
Most middle class earners living in non-high tax states receive a much larger federal tax savings than $1,000. Percent-wise my tax savings is 34%. I’m an average middle class earner in a low-tax state. If other tax payers like a 34% fed tax bill reduction they should tell their states to cut taxes so they can use the (now doubled) standard deduction rather than itemizing for minimal benefit. No middleclass or below should be itemizing unless they’re running a business. If they are they should blame their state and local taxes.
Thankfully, all this murkiness should disappear in February.
No I metaphorically painted a picture of a politician that brags about how much he did for the little guy by pointing out the tax cut he was bragging about wouldn't cover a nice dinner out for the Congressman.
Maybe I should have included the Congressman and another crook and spouse in the deal. The point was it was very critical of the Congressman to claim that a thousand dollar cut is just not life changing money, nice but of little effect on life style.
If you don't get the difference then I can't help you.
All you want is “Free Trade” Which is destroying US industry. Sorry, but ALL of your Constitutional freedoms end at the border of the USA. This includes importation of foreign made product into the USA. It’s not a protected freedom, actually the opposite is true.
You’re cherry-picking numbers just like the author.
Your $1,000 in tax savings does not represent either the average or mean Federal tax savings of the Tax Law.
You sound like the critics of GWB’s tax refund. “Oh, it’s only a $1,300 rebate”. Do you similarly criticize Christmas gifts? “Oh, I could have gotten this on sale for much less than what you paid.
And you’re neglecting to consider the effects of the 14% reduction in corporate tax rate. That means there’s 14% more funds available to pay for salaries and expansion. IOW pay raises because of increased market competition between corporations. This was common in the 80s, 90s and early 2000s. Pay has been stagnant for 8 years. All the money went to the Sponsors of the =private corporations= DNC and RNC which fund and control politicians.
If you are speaking of the withholding of taxes from paychecks, that was instituted during WW2 to pay for the c0st of war.
Federal workers will not get 3x the private cost of living, Trump has already committed to 1.9. According to most studies on the issue, the private workforce is overpaid by 35%. The automatic increase in fedpay, by formula calls for a 25% increase this year which the President rightly says is “unwarranted.”
Ultimately pay is set by Congress and I do not believe it will oppose Trump.
I don't know how to comment on an article without quoting the article.
Please pay attention.
I was ridiculing the fat cat Congressman that thought a thousand dollars was life changing money for the little people. I merely pointed out that only a hypocrite living in DC, that would likely spend a grand on dinner out at a fine restaurant, could talk up the thousand dollars like it was life changing.
You come along claiming you are saving $4,000.00 and are insulted. Get over it and learn to read.
I am pretty sure that your $4,000.00 or even the $1,000.00 referred to in the article is considerably more than Social Security cost of living increase has been over the last 9 years. Medicare has continued to go up.
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