Posted on 11/02/2017 7:21:40 AM PDT by GIdget2004
I agree.
Maybe not intentionally, but the census data is median household income and the per capita taxes paid is by definition an average (mean).
Great post, well written!
The plan ditches exemptions. Your family of four means that you will now have 4 x $4050 = $16,200 more in taxable income. Enjoy.
I didn’t get any household income data from the census, only population figures, which indeed are neither median nor mean!
Human nature hasn't changed at all, from the beginnings of time; only technology changes! So we can therefore assume that pols have ALWAYS been a rather ROTTEN bunch of criminals and/or morons.
Prostitution, grave digging, and working in a sewer are cleaner professions.
IMO, the 20% corporate rate is going to be a boon to the middle-class as the price of goods come down.
We all pay the cost of the corporate tax...they don’t actually pay any tax at all, just pass it on.
They should have set it at 0.0%. If they did then companies all over the planet would be moving to the US. And workers salaries would rise.
Prices won't come down, due to the new corporate tax rate; the corporations will just make MORE money!
Your second paragraph just put the lie to your opening. LOL
And your closing sentence would be funny beyond belief, if it didn't prove that you don't understand this topic at all!
Thanks. :-)
Then please provide your methods, as sources you previously provided do not include the data needed to compute the numbers you state.
Actually, what I said is true.
Not because corporations have a big heart and would pass the savings to consumers.... business does not work that way.
They would lower prices because their competitors would lower theirs.
Let’s say a widget costs 10 bucks. And after the corp tax goes to zero one company keeps on selling them for 10 bucks... they will soon be defunct because other companies will be selling widgets at a new, lower price.
It’s competition that would force the tax cut to be passed on to consumers. Anyone with a brain can readily see that this is true.
I see people saying that it’s really going to hurt the middle class. In some cases it will. I think it will benefit most people, however. I’m a single dad and earn about 100-125k. Although I’m not overly fond of this tax bill, my taxes will drop over 2K with it.
Not that you fall into the fifth bracket, contains a POISON pill/hidden tax.
You truly don't understand this stuff at all and keep posting the same inane garbage.
And you assume that everyone, at a certain bracket, is cookie cutter the same, when they aren't.
Why are we all subsidizing those who pay NO fed taxes and this POS proposition RAISES the amount that they shall now get!
WHY ?
Is the new iPhone X cheaper than the older ones/cell phones from other companies? NO !
T.V.s are cheaper ( in revised money )than they were in the late 1940s,yes; but that has nothing at all to do with competing companies.
And corporations' taxes are NOT going to 0!
Thanks for the link. I had no idea the majority of Americans didn’t itemize. I would’ve thought the majority did. Interesting. Now with the standard deduction being even bigger, even less will
Very few middle middle class people will be hurt. A decent number of upper middle class with very high deductions (very high state tax predominantly)
NYC is low property tax. The burbs are the opposite
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