Top 20% already pays 86% of the income taxes. Top 10% pays 45%. That is a higher share compared to their income than most other industrialized countries. Is enough EVER enough for you liberals?
Top 20% already pays 86% of the income taxes. Top 10% pays 45%. That is a higher share compared to their income than most other industrialized countries. Is enough EVER enough for you liberals?
If I read it correctly the $1.4T increase is possible over a 10 year period. If they can't find $1.4T over a 10 year period there is really a problem.Sure. So let's stop spending at the same rate then. Let's slash 1.4T to make up for it. We can start with the big boys: Social Security, Unemployment, and Medicare, and then move onto Defense and other areas that could be trimmed a little as well.
I suspect then the ones you are looking at are from liberal thinktanks . On that note, who gives a rats ass if high earners get a tax break if everyone else gets them too?
Sure. So let's stop spending at the same rate then. Let's slash 1.4T to make up for it. We can start with the big boys: Social Security, Unemployment, and Medicare, and then move onto Defense and other areas that could be trimmed a little as well.
I disagree with everything you posed 100% . It is pure liberal class warfare identity politics that is tired, old and predictable. Liberals bitch about the 1% then vote for 1% ers like John Kerry, The Clinton's, Rockerfeller's, etc. The ignore the destructiveness of the Community reinvestment act and how it was the true spark of the 2008 real estate collapse, not GWB and taxes.Bitch about citizens united but and give a pass to Union monetary political support. Again, predictable...
How many poor people do you know that itemize? I bet none, their standard deduction will be doubled!
Depends on how you file your taxes. If you don't normally itemize you should get a tax cut. If you itemize it depends on your income level and what you would normally deduct.
You should be happy. You'll be contributing more to the greater good.
I'm just sharing how it affects people like me. This bill isn't about what "we" want. "We" aren't being consulted about it.
And, I'm not being deceived by the liberal identity class warfare schemes either. The GOP is All-For-One-And-One-For-All! Big Government working for all of us. Thank you, GOP.
I have to because clearly some here would fail miserably.
How much less than nothing can the poor pay? The bottom 50% have no net income tax liability. Hard to get a cut from zero. Logic dictates that you actually have to pay something in order to get a reduction in the amount you pay. And those that pay the most stand to get a lager reduction
The rich getting the better end mostly stems from the possible deductions or lack thereof. Needless to say, the taxes you pay are very dependent on an individual's situation. One side is always going to be able to claim they are getting screwed as long as we keep a tax code that is full of deductions and progressive taxation.
Depends on who you ask, but I read this article the other day and found it interesting.
I've shared this before. My sister in law was working at just above minimal wage(her choice, she could have taken a better job) She did not pay a penny in for taxes. But at tax time every year, she managed a tremendous return. Sometimes between 6-8k.
Interesting article. I wonder what the effect of repatriation of overseas money would do for economic growth.
How dare you bring up how Obamacare was passed! It is amazing that many in the lower 50% actually MAKE money come tax time. That just isn't right. At best they should break even.
