Current Events > This "middle class" tax cut is such a joke.

(+) Yeah! (+)

$1.50 means nothing to me
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That tweet is Marie-Antoinette-Level out of touch. It is worse than "let them eat cake". You can't even buy cake with $1.50 a week.

Rika_Furude posted...

$1.50 means nothing to me

I hope it was worth adding $1 trillion to the national deficit.

"Here's one person who got virtually nothing out of it, thus the whole thing is invalid, nevermind the people who are significantly better off."
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DarkTransient posted...

"Here's one person who got virtually nothing out of it, thus the whole thing is invalid, nevermind the people who are significantly better off."

You mean the 1% of the 1% who no longer have to pay the estate tax? The average american is getting almost nothing. That is a hard fact. I don't care what party you belong to, you can't argue with the numbers. This "middle class" tax bill is nothing more than a handout to wealthy political donors.
https://www.npr.org/2017/12/19/571754894/charts-see-how-much-of-gop-tax-cuts-will-go-to-the-middle-class

bump

@DarkTransient posted...

"Here's one person who got virtually nothing out of it, thus the whole thing is invalid, nevermind the people who are significantly better off."

You might have a point if that tweet had been authored by a Democrat trying to disparage the tax cuts, rather than Paul Ryan - one of the most recognizable faces of the Republican Party.

You really think if he had a plethora of examples of the tax cut substantially helping out lower-income people that he wouldnt have used one of them instead of this? Like TC said, this guy is completely out of touch with the average American. His tweet is clearly patronizing and insults our intelligence.
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0AbsoluteZero0 posted...

You might have a point if that tweet had been authored by a Democrat trying to disparage the tax cuts, rather than Paul Ryan - one of the most recognizable faces of the Republican Party.

Who said it makes no difference.
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$1.50/hr for a secretary plus a slash in social programs spending which will ultimately cost her a lot more than her yearly costco membership

$1.4billion for the koch brothers

great deal

Paul Ryan received $500k from the Koch brothers immediately following passage of the bill. I wonder if that will cover his Costco membership.

Omnislasher posted...

$1.50/hr for a secretary plus a slash in social programs spending which will ultimately cost her a lot more than her yearly costco membership

why do you think the tax cuts will lead to cuts to social programs?

do you think they would have tried to cut social programs even if they had not cut taxes? if not, why not?
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I voted no if only because I don't care about the extra money per pay check so the bill could never be satsifying to me.
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Meanwhile, in reality,


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My pay is up $3 every 2 weeks. That won't even get me a Costco membership.
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Love the tax cuts. Its great for me and my family.
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I'm getting around 3k more this year, so yeah I'm happy.
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shockthemonkey posted...

Paul Ryan said in a meeting with his donors that after tax cuts raised the deficit they could use that as a reason to cut social programs.

yes, I know that this is the argument that they will make

so do you think they would not try to cut social programs if they hadn't raised taxes? they were already trying to before they passed a tax cut, actually! that is what the ACA repeal was -- is there really a reason to think that the public is going to care less about benefit cuts now than they did then just because the deficit will increase over a decade long span? that is how elected republicans think, I am aware, but it is weird to see people repeat it so uncritically when there isn't any evidence this is actually how things progress politically (at least, I don't think so)
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MFW people pretend to care about the debt, taxes, and social programs at the same time.
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shockthemonkey posted...

Sephiroth1288 posted...

Meanwhile, in reality,

Notice how this ends at 2018

lol it is pathetic watching people try to shill the tax cuts. They are indefensible.

shockthemonkey posted...

Notice how this ends at 2018

It's a response to the TC's image which is also for 2018. What's your point?
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Uncle Choad posted...

MFW people pretend to care about the debt, taxes, and social programs at the same time.

For the party if balancing the budget they sure have no problem ballooning the deficit as long as it lines their own pockets. Fucking corrupt.

Uncle Choad posted...

MFW people pretend to care about the debt, taxes, and social programs at the same time.

Just because you don't care doesn't mean other people don't.
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shockthemonkey posted...

Notice how this ends at 2018

And? The cuts last til 2025.

Or do you think the cuts should be permanent? Because if so I agree with you!
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TomNook20 posted...

shockthemonkey posted...

Notice how this ends at 2018

It's a response to the TC's image which is also for 2018. What's your point?

I like how you think a random excel document is somehow proof.

TomNook20 posted...

I'm getting around 3k more this year, so yeah I'm happy.

My wife and I are going to save about 3k in taxes too....feels nice.

People opposed to the cuts tend to get pissy when you bring up the percentage saved vs. the dollar amount. Of course poor people are getting next to nothing back in comparison to rich people....poor people OWE next to nothing in comparison to rich people.
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Sephiroth1288 posted...

Meanwhile, in reality,

is this just calculating the income tax for each income level? because in reality it is more complicated than that obviously
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CiIantro posted...

I like how you think a random excel document is somehow proof.

Are any of the numbers wrong? No? Well then.
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SideshowBob311 posted...

TomNook20 posted...

I'm getting around 3k more this year, so yeah I'm happy.

My wife and I are going to save about 3k in taxes too....feels nice.

People opposed to the cuts tend to get pissy when you bring up the percentage saved vs. the dollar amount. Of course poor people are getting next to nothing back in comparison to rich people....poor people OWE next to nothing in comparison to rich people.

Look at what I posted. The rich are getting double the percentage that the poor get. How is that a middle class tax cut? What pisses me off about the whole thing is how they have been deceiving the public. They should just call it what it is: a handout to the political donors.

SideshowBob311 posted...

People opposed to the cuts tend to get pissy when you bring up the percentage saved vs. the dollar amount. Of course poor people are getting next to nothing back in comparison to rich people....poor people OWE next to nothing in comparison to rich people.

I really don't understand why people think this is some kind of damning response.

I think it is pretty obvious that most people don't think the rich should have their taxes cut period! So saying that they will save a lot more (it's actually going to be more in both relative and absolute terms, that chart Mal_Fet posted is incredibly incomplete and doesn't take into account changes in tax credits or really do anything useful, it doesn't even price in the standard deduction etc) because they make a lot more kind of misses the point imo
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We should petition to get the information in this thread to the White House ASAP. We could save the country.

CiIantro posted...

Uncle Choad posted...

MFW people pretend to care about the debt, taxes, and social programs at the same time.

For the party if balancing the budget they sure have no problem ballooning the deficit as long as it lines their own pockets. Fucking corrupt.

Even if it was balanced, people would still be upset. It's unbalanced and I've been happy the past 15 years.

BUILD THE WALL
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CiIantro posted...

I like how you think a random excel document is somehow proof.

And I said that, where?
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Sephiroth1288 posted...

Are any of the numbers wrong? No? Well then.

yes, they are, actually

at least if you are pretending that is the amount people at that income level will actually pay

in reality no one making 10k is going to pay any income taxes

have you ever been poor or done taxes?
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Sephiroth1288 posted...

CiIantro posted...

I like how you think a random excel document is somehow proof.

Are any of the numbers wrong? No? Well then.

Notsureifserious.jpg

I mean that literally btw, the new standard deduction is 12k
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Balrog0 posted...

yes, they are, actually

at least if you are pretending that is the amount people at that income level will actually pay

Obviously the chart is just measuring tax brackets before any deductions. That doesn't mean the numbers are wrong.
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Sephiroth1288 posted...

Obviously the chart is just measuring tax brackets before any deductions.

so it's utterly useless 'in reality'
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Dont support the tax cut, havent received a benefit from it yet (unsure if I even will).
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Balrog0 posted...

Sephiroth1288 posted...

Obviously the chart is just measuring tax brackets before any deductions.

so it's utterly useless 'in reality'

If you include deductions then you would save MORE money than what's shown on the chart

Which still flies completely in the face of the claim that the middle class didn't get a big tax cut.
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I haven't looked at my check lately, I hope trump when it there and fixed it so I'm not paying for welfare BUMS anymore, who live in better condition than people who actually work....with free cell phones and better vehicles.

They seriously need to vet that system more than anything, no matter how many people it pisses off.
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Sephiroth1288 posted...

If you include deductions then you would save MORE money than what's shown on the chart

the tax bill didn't expand deductions overall, it shrank them
your purpose in posting it was to show that the bill skewed towards the middle class, but that's not true if you look at the whole tax package and not just a naive envelope calculation of income tax rates based on brackets

Sephiroth1288 posted...

Which still flies completely in the face of the claim that the middle class didn't get a big tax cut.

I mean it largely depends on your household composition and where you live how big your tax cut is going to be. Because what you posted is useless and not informative.
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Balrog0 posted...

Sephiroth1288 posted...

Obviously the chart is just measuring tax brackets before any deductions.

so it's utterly useless 'in reality'

I would say it's useful as a taxable income calculator if you look at those as your taxable income after all adjustments.
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SK8T3R215 posted...

Balrog0 posted...

Sephiroth1288 posted...

Obviously the chart is just measuring tax brackets before any deductions.

so it's utterly useless 'in reality'

I would say it's useful as a taxable income calculator if you look at those as your taxable income after all adjustments.

as long as you ignore the comments on it that we all agree now are untrue (i.e., "biggest tax cuts go to middle class earning 30k-50k) then sure!
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I'd like to have seen more cuts for individuals, and while lowering the corporate rate is good, I'd have been fine with the cut being less
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I'm getting about $60 a month. Which isn't nothing, but it also isn't worth this administration and their joke policies.
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Balrog0 posted...

why do you think the tax cuts will lead to cuts to social programs?

"starve the beast"
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Uncle Choad posted...

MFW people pretend to care about the debt, taxes, and social programs at the same time.

This.

People only bitch about the deficit when money is being spent on something their party doesn't agree with.
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Balrog0 posted...

have you ever done taxes?

i demand the GOP release mal_fet's tax returns!
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