Don’t Believe the Democrat Attacks on Tax Reform. Here Are the Facts.

[initforme]

Why not simp!y say we are going to shift more burden onto the middle class? Tell the truth.

 

[AntonToo]

The CBO gave us the facts already, thanks.

Lowest-income Americans would take bigger hit than first thought under Senate GOP tax bill, CBO says

THE FACTS:

0-75k earners are losers.
Upper middle class are winners.
Millionaires making out like bandits.

BUT WAIT THAT IS NOT ALL! THERE IS ALSO 1.7 TRILLION OF DEBT THIS IS DONE ON!

Why the hell would we want to do this?!

 

[Skull Pilot]

We need to scrap our income tax completely and either institute a flat tax on income or a consumption tax.

Tramp is cutting the consumption tax from 35% to 20%.

that's the corporate tax isn't it?

As far as I know we do not have a consumption tax in the US

We have all kinds of consumption taxes in the U.S., you have state and local sales taxes and various excise taxes at the federal level (e.g. gasoline).

We just don't have a uniform, transparent (i.e. right there on the price sticker) consumption tax at the federal level, which is unfortunate since IMHO it would be a FAR more efficient, less subject to corruption and just than the income tax system.

State taxes aren't worth talking about on a national forum.

 

[Skull Pilot]

We need to scrap our income tax completely

Ok thanks for your 2 cents, come again when that has anything to do with anything..

Cherry pick and quote huh?

Either quote the whole post or don't quote at all Asswipe

 

[AntonToo]

We need to scrap our income tax completely

Ok thanks for your 2 cents, come again when that has anything to do with anything..

Cherry pick and quote huh?

Either quote the whole post or don't quote at all Asswipe

You don't get it - scraping income tax is NOT IN THIS DISCUSSION. It has nothing to do with this thread about tax-cuts on the table right now.

Stop diluting the thread.

 

[NightFox]

We need to scrap our income tax completely and either institute a flat tax on income or a consumption tax.

Tramp is cutting the consumption tax from 35% to 20%.

that's the corporate tax isn't it?

As far as I know we do not have a consumption tax in the US

We have all kinds of consumption taxes in the U.S., you have state and local sales taxes and various excise taxes at the federal level (e.g. gasoline).

We just don't have a uniform, transparent (i.e. right there on the price sticker) consumption tax at the federal level, which is unfortunate since IMHO it would be a FAR more efficient, less subject to corruption and just than the income tax system.

State taxes aren't worth talking about on a national forum.

What "national forum" are you referring to? isn't state and local consumption based taxation a part of the tax burden in the US?

Beyond that; like I said, the Federal Government DOES also levy consumption based taxes on a national level.

You said

As far as I know we do not have a consumption tax in the US

I updated your information by pointing out why "as far as you know" was inaccurate since we have many consumption based taxes in the U.S.

You're welcome.

 

[jc456]

Most middle class folk will get a very small decrease. Why didn't they propose a much larger decrease only for the middle class? If you want extra money in peoples hands then do it. A couple hundred will not spur job growth or more importantly massive wage increases....like double as we have been told.

who is the middle class? and how much do they pay in?

 

[jc456]

Most of the so called middle class pays very little income tax anyway

2/3 of the middle class pay MORE in payroll taxes than income taxes, so a REAL "big beautiful" middle class tax cut would cut payroll taxes instead of income taxes.

so explain?

 

[jc456]

As usual, DemocRATs scream how it “favors the rich” and “raises taxes on the middle class.” And, as usual, it’s nothing but bull poop! This article spells out some of the truths and is worth reading.

Regarding the middle class, Democrats fail to mention that under the new House plan, the standardized deduction would almost double from $6,350 to over $12,000 for single filers, and $12,700 to $24,000 for married couples filing jointly. That means the number of Americans who claim the standard deduction would likely go from 60 percent of all filers to 90 percent.

Critics also fail to mention that the tax credit per child would increase from $1,000 to $1,600.

Additionally, critics don’t admit that the impact of simplifying the tax code would disproportionately help lower- and middle-income taxpayers, most of whom would be able to file their taxes using a simple postcard.

More @ Don't Believe the Democrat Attacks on Tax Reform. Here Are the Facts.

It's a tax cut for the rich, and the rich are trying hard to hide the fact, you know it.

bull shit.

 

[PredFan]

Not one believes anything the democrats say. That’s why Trump is potus despite the massive effort by the left to destroy him.

 

[BluesLegend]

The status quo (doing nothing) won't work. Tax increases won't work. Tax cuts a step in the right direction but look government waste and fraud alone this year...over $400 billion that will pay for the tax cuts 3 times over. That's 10% of the Federal budget.

 

[AntonToo]

The status quo (doing nothing) won't work. Tax increases won't work. Tax cuts a step in the right direction but look government waste and fraud alone this year...over $400 billion that will pay for the tax cuts 3 times over. That's 10% of the Federal budget.

How about you discuss the actual bill instead of irrelevancies?

Can you explain why increasing debt by 1.7T dollar to prop up "WINNING!" economy with tax cuts for the rich is such a great idea???

Don't care about debt? Ok, then why not blow this money on DIRECTLY reducing cost of employment of Americans? DIRECTLY giving all low and mid income Americans a major tax cut instead of left overs?

Why do we simply give-away to corporations, instead of cutting their loopholes in exchange for lower rate?

 

[RDD_1210]

Most middle class folk will get a very small decrease. Why didn't they propose a much larger decrease only for the middle class? If you want extra money in peoples hands then do it. A couple hundred will not spur job growth or more importantly massive wage increases....like double as we have been told.

Most of the so called middle class pay very little income tax anyway

That includes you.

 

[BluesLegend]

The status quo (doing nothing) won't work. Tax increases won't work. Tax cuts a step in the right direction but look government waste and fraud alone this year...over $400 billion that will pay for the tax cuts 3 times over. That's 10% of the Federal budget.

How about you discuss the actual bill instead of irrelevancies?

Can you explain why increasing debt by 1.7T dollar to prop up "WINNING!" economy with tax cuts for the rich is such a great idea???

Stop lying then we can discuss the issue.

 

[AntonToo]

Not one believes anything the democrats say. That’s why Trump is potus despite the massive effort by the left to destroy him.

....here is your argument:

Trump is not lying because he won.

It's a STUPID argument.

When Trump says that this bill will not help millionares and billionares like him he is FULL OF SHIT. And it's bizzare that instead of using your own head and calling him out you are here making these dumb-ass deflective comments.

 

[Skull Pilot]

We need to scrap our income tax completely

Ok thanks for your 2 cents, come again when that has anything to do with anything..

Cherry pick and quote huh?

Either quote the whole post or don't quote at all Asswipe

You don't get it - scraping income tax is NOT IN THIS DISCUSSION. It has nothing to do with this thread about tax-cuts on the table right now.

Stop diluting the thread.

Fuck you.

If I want to add an opinion I will.

Don't like it? Don't read my fucking posts.

 

[AntonToo]

The status quo (doing nothing) won't work. Tax increases won't work. Tax cuts a step in the right direction but look government waste and fraud alone this year...over $400 billion that will pay for the tax cuts 3 times over. That's 10% of the Federal budget.

How about you discuss the actual bill instead of irrelevancies?

Can you explain why increasing debt by 1.7T dollar to prop up "WINNING!" economy with tax cuts for the rich is such a great idea???

Stop lying then we can discuss the issue.

What am I lying about?

DISCUSS.

 

[edthecynic]

We need to scrap our income tax completely and either institute a flat tax on income or a consumption tax.

Tramp is cutting the consumption tax from 35% to 20%.

that's the corporate tax isn't it?

As far as I know we do not have a consumption tax in the US

As everyone knows, any corporate taxes are passed on to the consumer in the price for the goods and services consumed. So the corporate tax IS a consumption tax, and we are told by the CON$ that corporate taxes are bad but consumption taxes are "fair."

 

[AntonToo]

We need to scrap our income tax completely

Ok thanks for your 2 cents, come again when that has anything to do with anything..

Cherry pick and quote huh?

Either quote the whole post or don't quote at all Asswipe

You don't get it - scraping income tax is NOT IN THIS DISCUSSION. It has nothing to do with this thread about tax-cuts on the table right now.

Stop diluting the thread.

Fuck you.

If I want to add an opinion I will.

Don't like it? Don't read my fucking posts.

Don't worry snowflake, you of are of course are free to post your stupid comments and disregard all good advice.

 

[edthecynic]

But those payroll taxes fund social security and medicare that the middle class uses far more than the rich.

They are part of the general fund and payroll tax surpluses funded Bush's tax cuts, for example.