ALL HAIL PRESIDENT TRUMP

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Turtledove wrote:

1. 80% of the tax breaks went to the richest 1%. The super rich that don't need it got almost all of the tax break. PLUS, the top 1% tax break is permanent and for the other 99% of the people it goes away in a few years.

2. The 20% of the crumbs were handed out only to try and placate us, the voters, was not even fairly distributed. The tax payers in the big states with state income taxes received little to no tax break at all because they removed state income taxes as a federal tax deduction. This screwed over mostly Democrats from states like where I live, California.

3. It demonstrates a sad lie, Republican representatives claimed to be concerned about the national debt. This give away to the richest 1% in the country will drown the country in national debt making the Republican cries of fiscal responsibility nothing but hollow political rhetoric.

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ScrotieMcB wrote:

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Turtledove wrote:

1. 80% of the tax breaks went to the richest 1%. The super rich that don't need it got almost all of the tax break. PLUS, the top 1% tax break is permanent and for the other 99% of the people it goes away in a few years.

2. The 20% of the crumbs were handed out only to try and placate us, the voters, was not even fairly distributed. The tax payers in the big states with state income taxes received little to no tax break at all because they removed state income taxes as a federal tax deduction. This screwed over mostly Democrats from states like where I live, California.

3. It demonstrates a sad lie, Republican representatives claimed to be concerned about the national debt. This give away to the richest 1% in the country will drown the country in national debt making the Republican cries of fiscal responsibility nothing but hollow political rhetoric.

1. I haven't checked on whether the rhetoric matches the implementation or not, but Trump's claims going into the tax cut were that many tax loopholes utilized by the richest of the rich would be closed. It's important that we keep in mind that there are at least two different tax rates to keep in mind: statutory tax rate, which is the rate the law says should be paid before various adjustments, and effective tax rate, which is the rate at which the government actually collects taxes from (a subset of) citizens after various adjustments and expenditures on enforcement. It's possible to lower the first while increasing the second, by closing loopholes and finding smarter ways to enforce collection. I liked that Trump was implying that distinction, which had long made me cynical of increasing taxes on the rich (because the dishonest rich would just have their lawyers find a way to dodge paying those taxes too), but I'm honestly not sure how well he followed through.

2. Your state is screwing you over. All that changed is that the federal government is no longer subsidizing your state's behavior. Hold the appropriate party responsible.

3. The Laffer Curve is a thing. It's a noob mistake to assume that a reduction in tax rate equals a directly proportional reduction in government revenue.

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faerwin wrote:

first off, money doesn't mean success and success doesn't mean money.

Secondly, the rich aren't those paying the most taxes. You have a 2,3 trillion dollars tax revenue. 325 millions population. About 40% are tax payers (others are childrens, retired or non workers). This means 130 millions population that pay taxes on income, roughly.

The 2017 median income was 44 564$. I'm not sure what's your income imposition in the US but I'd be surprised if it was less than 20% (which is just about the break even point).

So no, the rich don't pay ANYWHERE near "almost all of the taxes"

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Khoranth wrote:

The rich pay almost all of the taxes in the USA, common sense says tax cuts will be a high % to the wealthy.

I fail to see the problem. We should not be trying to punish success and drive people to be mediocre.

If people like you had their way, no one would waste their time trying to do something amazing and earn lots of cash, cause you, and your ilk, would demonize them and steal all their money, if they're actually successful.

Why exactly do you, or anyone else, deserve a share of a successful person's cash?

This thief mentality is disgusting.

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Xavderion wrote:

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faerwin wrote:

first off, money doesn't mean success and success doesn't mean money.

Secondly, the rich aren't those paying the most taxes. You have a 2,3 trillion dollars tax revenue. 325 millions population. About 40% are tax payers (others are childrens, retired or non workers). This means 130 millions population that pay taxes on income, roughly.

The 2017 median income was 44 564$. I'm not sure what's your income imposition in the US but I'd be surprised if it was less than 20% (which is just about the break even point).

So no, the rich don't pay ANYWHERE near "almost all of the taxes"

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Turtledove wrote:

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Khoranth wrote:

The rich pay almost all of the taxes in the USA, common sense says tax cuts will be a high % to the wealthy.

I fail to see the problem. We should not be trying to punish success and drive people to be mediocre.

If people like you had their way, no one would waste their time trying to do something amazing and earn lots of cash, cause you, and your ilk, would demonize them and steal all their money, if they're actually successful.

Why exactly do you, or anyone else, deserve a share of a successful person's cash?

This thief mentality is disgusting.

The rich frequently paid a lower percentage of their income as taxes than us working class folks. For example, famously Warren Buffett's secretary pays a higher percentage of her working class salary than does Warren Buffett. This has only gotten worse with the tax cut where 80% of that national debt from this tax cut is going to the top 1%.

(Thank you for the personal attacks though.)

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Xavderion wrote:

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Khoranth wrote:

I'm not attacking you personally btw I'm attacking the leftist media and leftist public education that has instilled a thief mentality into children in recent decades.

Now if you are installing a thief mentality into young minds, then I am attacking you personally.

Chances are it is not your fault you have a thief mentality, it is simply conditioning.