Trillion dollar deficits yield more talk of further tax cuts
I think Trump's Atlantic City casinos officially now have a better credit rating than the US Treasury.
Trillion dollar deficits yield more talk of further tax cuts
I think Trump's Atlantic City casinos officially now have a better credit rating than the US Treasury.
What a coincidence, in an election year no less!!Shows how desperate this dumb bastard is.
I looked at the tax rates for the middle class under the Trump "save the billionaires" tax cut. We poor slobs got about a 2% reduction--FOR ONE YEAR. The rates we pay are going back up and in fact, will be higher for Tax Year 2019 than they were for Tax Year 2017--so the tax break was illusory.
However, the tax cuts for corporations and billionaires are permanent.
Trump is an ignorant fuck who doesn't realize the harm that huge deficits can cause. Making them even worse in order to buy votes is the sort of thing he would want to do--because we'll all pay the freight later, AFTER the election. While our Trumpers caper and gibber!
You mean the 2018 tax cut did not happen? Then where did the extra money Americans received come from?
Originally posted by: David Miller
You mean the 2018 tax cut did not happen? Then where did the extra money Americans received come from?
Tax Year 2019, not 2018. You gotta learn to read. The 2% cut lasted for exactly one tax year. Rates for 2019 are higher than they were in 2018 OR 2017. Furthermore, they will continue to go up through 2025. Thus, the Trump "tax cut" is really a tax hike for the ordinary Joe.
What, you say that a 1 year tax cut is not a tax cut? HUH?
Originally posted by: David Miller
What, you say that a 1 year tax cut is not a tax cut? HUH?
The tax law that was put into effect covers the next eight years, not just 2018, and includes a huge tax hike for the middle class over that period.
Focusing only on 2018 is what Trump wanted everyone to do, and you obviously fell for it. That's like a guy falling off the roof of a forty-story building and as he passes the thirtieth floor, saying, "Well, so far, so good!"
Kevin is wrong again. Tax rates are unchanged.
Originally posted by: tom
Kevin is wrong again. Tax rates are unchanged.
Rates are indeed higher, Tom doesn't know how to read the new 1040 instructions (or anything else). The increases are small, but what is really making things worse is the continued removal and reduction of exemptions and credits.
It's a shell game, meant to confuse and dupe true believers like Tom. Trump says "YUGE TAX CUT" and the reality is a tax increase. The only ones who received an actual, permanent tax cut are the billionaires who pay Republican congressmen and senators.
Check the tax tables, unchanged.
