Tax Cut Celebration!

[KeithD]

I love how the left is mad about paying their fair share.

The left is mad about the right, Trump and friends, and corporations not paying their share, jackass.

What compels Trumpettes to blatantly and outrageously lie about simple everything?

 

[dan_c00000]

https://pixel.nymag.com/imgs/daily/intelligencer/2017/11/06/06-tax-cut.nocrop.w710.h2147483647.png

 

[BotanyBoy]

The left is mad about the right, Trump and friends, and corporations not paying their share, jackass.

IRS says they pay the majority of taxes and it's the lower near half of the country who needs to start coming up with 35%.

You've never had anything to support your conspiracy theory otherwise, but you can always prove them wrong at any time.

https://pixel.nymag.com/imgs/daily/intelligencer/2017/11/06/06-tax-cut.nocrop.w710.h2147483647.png

That's because they pay the largest share of the taxes.

As long as there is progressive taxation the most heavily taxed will ALWAYS save the most when taxes are cut.

Only way to avoid that is for everyone to pay their fair share....a flat tax.

 

[DawnODay]

The left is mad about the right, Trump and friends, and corporations not paying their share, jackass.

What compels Trumpettes to blatantly and outrageously lie about simple everything?

Who's lying? Who's wrong?

When it comes to who pays most taxes:

The top 1 percent paid a greater share of individual income taxes (37.3 percent) than the bottom 90 percent combined (30.5 percent).

The top 50 percent of all taxpayers paid 97 percent of total individual income taxes.​

A. Tanzi, Top 3% of U.S. Taxpayers Paid Majority of Income Tax in 2016, Boomberg (Oct. 14, 2018). Note that this is from a left-leaning publication.

Meanwhile:

A joint study by the Internal Revenue Service and the U.S. Treasury estimated that 9 out of 10 Americans saw an increase in their take-home pay as a result of tax relief.​

I. Ortega, Hispanic unemployment at historic low, thanks to this, Washington Examiner (Feb. 5, 2019).

And, KeithD, as I've pointed out before, when it comes to who's a liar, let's all remember that you're the guy who claimed to be a SR-71 pilot until someone posted this and showed you were lying about being one of those heroes.

You should still be ashamed of yourself.

 

[dan_c00000]

Who's lying? Who's wrong

You are, as always.

https://cdn.vox-cdn.com/thumbor/7B5Ot7GN5ur_6a5zQ2bH9rkWIko=/1400x0/filters:no_upscale()/cdn.vox-cdn.com/uploads/chorus_asset/file/11674697/Tax_cuts_savings_estimates_2001_2018.png

 

[BotanyBoy]

You are, as always.

https://cdn.vox-cdn.com/thumbor/7B5Ot7GN5ur_6a5zQ2bH9rkWIko=/1400x0/filters:no_upscale()/cdn.vox-cdn.com/uploads/chorus_asset/file/11674697/Tax_cuts_savings_estimates_2001_2018.png

That just supports Dawn...LOL

Good job high speed.

 

[DawnODay]

You are, as always.

https://cdn.vox-cdn.com/thumbor/7B5Ot7GN5ur_6a5zQ2bH9rkWIko=/1400x0/filters:no_upscale()/cdn.vox-cdn.com/uploads/chorus_asset/file/11674697/Tax_cuts_savings_estimates_2001_2018.png

That just supports Dawn...LOL

Good job high speed.

Indeed, it does.

As I've explained before, the reason the wealthiest people receive larger tax breaks is because they pay such disproportionately high taxes:

The top 1 percent paid a greater share of individual income taxes (37.3 percent) than the bottom 90 percent combined (30.5 percent).

The top 50 percent of all taxpayers paid 97 percent of total individual income taxes.​

A. Tanzi, Top 3% of U.S. Taxpayers Paid Majority of Income Tax in 2016, Boomberg (Oct. 14, 2018).

What I especially like about this graph, however, is that it shows quite well that every quintile received relief under the Republican Tax Reform, even the lowest two quintiles, even though those citizens pay little if any income taxes! Q. Fottrell, More than 44% of Americans pay no federal income tax, MarketWatch (Feb. 26, 2019) ("Approximately 76.4 million or 44.4% of Americans won’t pay any federal income tax in 2018, up from 72.6 million people or 43.2% in 2016 before President Trump’s Tax Cuts and Jobs Act").


Thank you, dan_c00000, for the excellent proof that all segments of American society benefited from the Republican Tax Reform!

 

[icanhelp1]

Indeed, it does.

As I've explained before, the reason the wealthiest people receive larger tax breaks is because they pay such disproportionately high taxes:

The top 1 percent paid a greater share of individual income taxes (37.3 percent) than the bottom 90 percent combined (30.5 percent).

The top 50 percent of all taxpayers paid 97 percent of total individual income taxes.​

A. Tanzi, Top 3% of U.S. Taxpayers Paid Majority of Income Tax in 2016, Boomberg (Oct. 14, 2018).

What I especially like about this graph, however, is that it shows quite well that every quintile received relief under the Republican Tax Reform, even the lowest two quintiles, even though those citizens pay little if any income taxes! Q. Fottrell, More than 44% of Americans pay no federal income tax, MarketWatch (Feb. 26, 2019) ("Approximately 76.4 million or 44.4% of Americans won’t pay any federal income tax in 2018, up from 72.6 million people or 43.2% in 2016 before President Trump’s Tax Cuts and Jobs Act").


Thank you, dan_c00000, for the excellent proof that all segments of American society benefited from the Republican Tax Reform! LOL


Dawn!!!!! YOU RACIST!!!! YOU ALT RACIST!!! whatever that is? I figured I'd get that in before Dan.

 

[DawnODay]

Dawn!!!!! YOU RACIST!!!! YOU ALT RACIST!!! whatever that is? I figured I'd get that in before Dan.

Thank you. He needs all the help he can get.

As I understand it, the "alt" part means that you and I are actually the same person posting under different names. According to dan_c00000, not only are you and I the same person, "we" are also BabyBoomer50s, BotanyBoy, coachdb18, EmpressJosephine, gunthernehmen, PrincepsCyberius, Rightguide, and a whole host of others whose names I don't remember and could not easily find on the threads just now.

"We" obviously have been very busy.

I don't know about you, but I have better things to do with my day. Also, I have too much pride in what I do here to want to pose as anyone else.

The funny thing is that dan_c00000 seems to think that suggesting we're all one person somehow weakens our arguments. In truth, of course, regardless of who posts them, arguments actually stand or fall on the merit of their facts and logic, by which "we" generally win. I suppose that is why he has to resort to such childish and ridiculous tactics himself.

 

[icanhelp1]

Thank you. He needs all the help he can get.

As I understand it, the "alt" part means that you and I are actually the same person posting under different names. According to dan_c00000, not only are you and I the same person, "we" are also BabyBoomer50s, BotanyBoy, coachdb18, EmpressJosephine, gunthernehmen, PrincepsCyberius, Rightguide, and a whole host of others whose names I don't remember and could not easily find on the threads just now.

"We" obviously have been very busy.

I don't know about you, but I have better things to do with my day. Also, I have too much pride in what I do here to want to pose as anyone else.

The funny thing is that dan_c00000 seems to think that suggesting we're all one person somehow weakens our arguments. In truth, of course, regardless of who posts them, arguments actually stand or fall on the merit of their facts and logic, by which "we" generally win. I suppose that is why he has to resort to such childish and ridiculous tactics himself.

I've followed your narratives and how you support your arguments with surgical precision but I jest; you waste precious time with these biased individual. They're blinded with TDS and only see one side and don't care about the other side. They're experts at cherry picking facts or presenting supporting documents from left leaning news sources and if that doesn't work resort to name calling.

 

[dan_c00000]

https://cdn.vox-cdn.com/thumbor/i5icmvTa5YHvWg8kW4-2Ah4dev0=/0x0:1514x1096/1200x0/filters:focal(0x0:1514x1096):no_upscale()/cdn.vox-cdn.com/uploads/chorus_asset/file/13323345/Screen_Shot_2018_10_23_at_9.53.55_PM.png

 

[DawnODay]

https://cdn.vox-cdn.com/thumbor/i5icmvTa5YHvWg8kW4-2Ah4dev0=/0x0:1514x1096/1200x0/filters:focal(0x0:1514x1096):no_upscale()/cdn.vox-cdn.com/uploads/chorus_asset/file/13323345/Screen_Shot_2018_10_23_at_9.53.55_PM.png

Thank you, dan_c00000, for providing yet another graphic demonstrating how generous and beneficial the recent Republican Tax Reform was for lower income earners.

As we have well established previously: "The top 1 percent paid a greater share of individual income taxes (37.3 percent) than the bottom 90 percent combined (30.5 percent)," A. Tanzi, Top 3% of U.S. Taxpayers Paid Majority of Income Tax in 2016, Boomberg (Oct. 14, 2018); and "Approximately 76.4 million or 44.4% of Americans won’t pay any federal income tax in 2018, up from 72.6 million people or 43.2% in 2016 before President Trump’s Tax Cuts and Jobs Act," Q. Fottrell, More than 44% of Americans pay no federal income tax, MarketWatch (Feb. 26, 2019). Yet, despite this great disparity, the bottom 60 percent received 55% as much tav relief as did top 1 percent. Put another way, the bottom 60 percent received almost 3 times as much in tax relief as they deserved, given the relatively small portion of total income taxes they pay.

While I have to admit that I am not part of the top 1 percent (darnnit!), my family does do rather well (we're in the to 20 percent), and your concern, dan_c00000, for the more affluent among us is greatly appreciated.

 

[dan_c00000]

https://www.thenation.com/wp-content/uploads/2016/03/Score_Trump.jpg

https://cdn.vox-cdn.com/thumbor/zB4POacAFkKk3ZtxuRDxndQ3K6E=/0x0:1800x1611/1200x0/filters:focal(0x0:1800x1611):no_upscale()/cdn.vox-cdn.com/uploads/chorus_asset/file/9785727/uninsured.png

 

[DawnODay]

dan_c00000 Makes a Fool of Himself, Yet Again

https://www.thenation.com/wp-content/uploads/2016/03/Score_Trump.jpg

https://cdn.vox-cdn.com/thumbor/zB4POacAFkKk3ZtxuRDxndQ3K6E=/0x0:1800x1611/1200x0/filters:focal(0x0:1800x1611):no_upscale()/cdn.vox-cdn.com/uploads/chorus_asset/file/9785727/uninsured.png

Neat!

More funky graphics...

That yet again have nothing to do with reality.

The first picture has to do with immigration and labor policies. The graph examines various bills under consideration in autumn 2017, none of which eventually passed.

Yet again, this has nothing to do with the subject of this thread, the Republican's Tax Cuts and Jobs Act, Public Law 115–97 (131 US Stats. 2054), which was not enacted until December 22, 2017, and did not go into effect until the following year.

Yet again, you prove you have no idea what any of this really means or how it works.

 

[dan_c00000]

https://kypolicy.org/dash/wp-content/uploads/2018/10/Who-Pays-2018-1-e1539781524243.png

https://budgetandpolicy.org/wp-content/uploads/2018/11/20181015_Who_Pays_WA_2018_bar.jpg

http://www.njpp.org/wp-content/uploads/2018/06/Polls-Show-Consistent-Support-Millionaires-Tax-1.jpg

 

[DawnODay]

https://kypolicy.org/dash/wp-content/uploads/2018/10/Who-Pays-2018-1-e1539781524243.png

https://budgetandpolicy.org/wp-content/uploads/2018/11/20181015_Who_Pays_WA_2018_bar.jpg

http://www.njpp.org/wp-content/uploads/2018/06/Polls-Show-Consistent-Support-Millionaires-Tax-1.jpg

Oh, dan_c00000, are you intentionally trying to look stupid?

What have we here? Data about state and local taxes in two states, Kentucky and Washington, and a public opinion poll.

This is what you can come up with in supposed criticism of the federal tax reform which has spurred the best economy we have seen in over 50 years?

This is why I'm beginning to suspect you, dan_c00000, are really an alt created by BotanyBoy simply to set up especially tipsy strawmen.

 

[dan_c00000]

https://www.pewresearch.org/wp-content/uploads/sites/4/2017/04/11.png

https://cdn.vox-cdn.com/thumbor/krkCO5I6gGXqa0v6HtkC3RSz2wc=/0x0:7785x4950/1200x0/filters:focal(0x0:7785x4950):no_upscale()/cdn.vox-cdn.com/uploads/chorus_asset/file/9892245/tpc1.png

 

[DawnODay]

...

https://cdn.vox-cdn.com/thumbor/krkCO5I6gGXqa0v6HtkC3RSz2wc=/0x0:7785x4950/1200x0/filters:focal(0x0:7785x4950):no_upscale()/cdn.vox-cdn.com/uploads/chorus_asset/file/9892245/tpc1.png

Finally, dan_c00000, a meaningful and relevant graphic from you!

(I excluded the public opinion poll. The only polls that matter are when people vote for their elected officials.)

As for the data graph, that all looks about right.

What is troubling, of course, is that most of the tax reductions go away in 2027. That's because most of the provisions in the Republican tax reform sunset that year.

Thank you, dan_c00000, for providing proof that the Republican tax reforms should be made permanent!

 

[dan_c00000]

https://www.cbpp.org/sites/default/files/atoms/files/6-4-18taxf1.png

https://cdn.vox-cdn.com/thumbor/lG5_ZhPRObXVKvAWqHlgcDcLTPs=/0x0:7962x5529/1200x0/filters:focal(0x0:7962x5529):no_upscale()/cdn.vox-cdn.com/uploads/chorus_asset/file/10285019/tcja_chart1.png

 

[phrodeau]

http://www.wral.com/military-families-slammed-by-trump-tax-reform-demand-changes/18349196/

CNN — President Donald Trump has long touted the advantages of his 2017 tax reform bill, but Republicans are now under fire for one of the bill's overlooked consequences: A huge hit for families of fallen service members.

That's due to a change in how the IRS handles survivor benefits paid out to children, which are now treated like stocks or other inheritances -- driving up taxes by thousands of dollars.

"People are absolutely shocked that this happened, and they weren't planning for it," Ashlynne Haycock, deputy director of policy for the military families nonprofit Tragedy Assistance Program for Survivors (TAPS), told CNN in an interview. "It has been a severe hardship for surviving families."

TAPS and several other large veterans' service organizations are planning to "storm the Hill" right before Memorial Day to lobby members of Congress to change the way benefits are granted to Gold Star families, Haycock said.

It adds another issue to a pile of glitches and mistakes included in the hastily-passed tax bill that lawmakers have had to address after the legislation's passage

 

[DawnODay]

https://www.cbpp.org/sites/default/files/atoms/files/6-4-18taxf1.png

Yep. That's right. As I've explained before, the reason the wealthiest people receive larger tax breaks is because they pay such disproportionately high taxes:

The top 1 percent paid a greater share of individual income taxes (37.3 percent) than the bottom 90 percent combined (30.5 percent).

The top 50 percent of all taxpayers paid 97 percent of total individual income taxes.​

A. Tanzi, Top 3% of U.S. Taxpayers Paid Majority of Income Tax in 2016, Boomberg (Oct. 14, 2018).

What I especially like about this graph, however, is that it shows quite well that every quintile received relief under the Republican Tax Reform, even the lowest two quintiles, even though those citizens pay little if any income taxes! Q. Fottrell, More than 44% of Americans pay no federal income tax, MarketWatch (Feb. 26, 2019) ("Approximately 76.4 million or 44.4% of Americans won’t pay any federal income tax in 2018, up from 72.6 million people or 43.2% in 2016 before President Trump’s Tax Cuts and Jobs Act").

Thank you, dan_c00000, for again providing excellent proof that all segments of American society benefited from the Republican Tax Reform!

https://cdn.vox-cdn.com/thumbor/lG5_ZhPRObXVKvAWqHlgcDcLTPs=/0x0:7962x5529/1200x0/filters:focal(0x0:7962x5529):no_upscale()/cdn.vox-cdn.com/uploads/chorus_asset/file/10285019/tcja_chart1.png

This is troubling, of course, in that much of the tax reform advantages go away in 2025. That's because many of the provisions in the Republican tax reform sunset that year.

Thank you, dan_c00000, for providing even more proof that the Republican tax reforms should be made permanent!

 

[DawnODay]

Even the leftist Washington Post has to admit the truth about who benefitted from tax cuts.

The former vice president has never been known for turning a phrase with precision, but in his opening campaign speech, he told a whopper. Let’s take a look.

... the biggest problem is Biden’s sweeping declaration that “all of it went to folks at the top and corporations that pay no taxes.”

That’s simply wrong.

As we have explained before, any broad-based tax cut is going to mostly benefit the wealthy because they already pay a large share of income taxes. According to Treasury Department data, the top 20 percent of income earners paid 95.2 percent of individual income taxes in 2017. The top 10 percent paid 81 percent. The top 0.1 percent paid an astonishing 24.1 percent of taxes....

Meanwhile, as this year’s tax season ended, H&R Block reported that its clients experienced a 25 percent reduction in tax liability, which translates to about $1,200 on average. Tax refunds were mostly flat, however, as the Internal Revenue Service changed the withholding tables so people would see more in their paychecks. So that worked out to about $25 extra every week — or $3.50 a day — starting in March.

Now, this may be one reason Biden’s audience readily agreed with his statement that they didn’t “feel” the tax cut. An extra $3.50 a day might easily be missed, especially if the tax refund barely changed. The size of a tax refund appears to be very important for many Americans, even if it’s in effect an interest-free loan to the government. Nevertheless, the average reduction in tax liability was 25 percent, which also serves to illustrate that many Americans do not pay much in federal income taxes....​

G. Kessler, Biden’s false claim that no one but the rich got Trump’s tax cuts, Washington Post (May 1, 2019) (emphasis added).

 

[DawnODay]

Remember how the Democrats predicted the Republican Tax Reforms would be economic "armageddon," especially for those on the lower rungs?

Well...

Unemployment for workers without bachelor's degrees fell to the lowest rate in 19 years in April, the Bureau of Labor Statistics reported Friday, a sign the recovery is benefiting the people most in need of help as it stretches toward a 10th year.

Unemployment for workers without four-year or graduate degrees fell to just 3.5% in April, the lowest such mark since the 3.4% rate in April 2000, which was the lowest recorded, with data going back to 1992.

That statistic, which is adjusted for seasonal variations, represents workers above the age of 25 without associate's degrees or who didn't finish college, people with only high school degrees, and high school dropouts. Those groups generally have much higher unemployment rates.

As overall joblessness has declined — unemployment for all civilian workers hit the lowest rate in 50 years in April — groups that usually are at the margins of the workforce have seen gains.

For example, minority workers have enjoyed historically low unemployment rates in recent months. Hispanic unemployment saw a record low of 4.2% in April. During the worst of the recession, Hispanic workers saw joblessness of as high as 13%.

Another example is that wage growth has been the highest in lower-wage industries in recent months.

"This is an economy that is working for workers," said Martha Gimbel, director of economic research for Indeed Hiring Lab. "Another astonishingly strong month of jobs growth shows the continued strength of this recovery. ... Jobs continued to grow fastest in middle- and high-wage industries, while wage growth was fastest in low-wage industries."

Overall wage growth has accelerated in 2019, with anecdotal reports of businesses having to offer better salaries and benefits to attract workers as it has become harder to find qualified people who are available.​

J. Lawler, Lowest unemployment in 19 years for workers without bachelor's degrees in April, Washington Examiner, (May 3, 2019) (emphasis added) (graphics omitted).