factnotfiction

And you silly cons think that trump did something for you?

What fools you are

trump got his tax cuts to benefit him and his families, just another reason trump is afraid to release his tax information.

But the orange scumbags days in office could be numbered



https://www.cbsnews.com/news/americas-richest-400-families-pay-a-lower-tax-rate-than-the-middle-class/

Liberty Tree

Democrat House had to approve. Complain about them.

Auntie Lulu

Absolutely

no propaganda please Loc: moon orbiting the third rock from the sun

The question should be not what rate do people pay, but how much do they pay to the government all together. Since half of the population, according to several studies I have seen, pays nothing in federal taxes, if all the "free and suppliment" programs they get from the other half of the taxpayer base, are included, then it really is the top half of the ladder that provides the finances for everyone. As one of that group, I have no problem with it but do get rather angry that, besides paying for other peoples children, providing them breakfast, lunch and dinner, clothing and doctor care I have to listen to the venom from the Progressives" that we h**e the poor and refuse to give them what they "deserve" to live a wonderful and happy life
However, right now I am not in a giving mood. A number of us helped clean out the garbage from three abandoned houses, about 500 feet from our street. We had to pay for rodent control, and special clean up by professionals because of the rat infestation that had taken over the area and was getting to be a problem for everyone. The owners of the houses (shacks) sat there, stoned as usual, throwing things at the crews working and when they could decided to urinate on the work crew. Finally the police were called, and the people were taken away, provided with food and clothing, forced to shower and watched over. New used mobile homes will be brought in, as happened last year, and the process will begin again, in two years the garbage and rats will be in full force and wen will have to do it all again. And the good, mainly poor but hard working people have to put up with this s**T And those of us with some money are blamed for the way these people "are forced to live" GIVE ME A BREAK!!!!!

factnotfiction

Please don't act as stupid as trump with your silly lies

When did the trump tax cut take effect, and when did the democrats kick the con scumbags out of the HOR?

lpnmajor Loc: Arkansas

I just cannot understand why so many people v**e against their best interests. Now, if the GOP ever delivered for the middle class, I could understand giving them another shot...................but they never have......................not that Dems have done much better, but still.

Ronald Reagan learned in his first term that the typical Republican propaganda was pure BS, and dropped all that in his second term, yet today's GOP pretend like his second term never happened.

Carol Kelly

I feel your agony and I share it. This country has become the home of the lazy and drugged out. And free. If people are given everything they lose self respect and you
are looking at the result...the fruit of your labors. And they give these people help but also they’re taking our social security to cover the poor and illegal.

Carol Kelly

And by the way, instead of worrying about how much tax people pay, get out there and do something for yourselves, all you mocking,squirming, cry babies hurling names at your president.

Liberty Tree

Democrats v**ed to keep them in place. Appropriations bills start in the house. If they are so bad why did Democrats keep them in place.

gaconservative74

Here’s the funny thing, you think trump caused this, but rich people have been paying lower percentage for many many years. Here’s the thing, the rich people in congress (almost all of them are rich) are the ones writing the tax laws stupid. They make it so difficult and write in so many loop holes that people with money can hire an accountant or Several and take advantage of the laws on the books. They aren’t doing anything but following the law. So you can’t blame them. You can’t blame trump cause he just says yeh or nay. So it’s back to congress. Get congress to quit spending all their time trying to impeach trump or campaigning for re-e******n and do their damn job and fix the tax code. Flat tax seems pretty simple and would save tax dollars collecting. Then everybody pays their share. Why do you think it’s right to tax those that excel and make good decisions more than everybody else?

factnotfiction

Your trump took credit for his tax cuts and your repukes had the house, so do not be so stupid

Radiance3

=================
President Trump paid billions of dollars of taxes during the prior years.
Here are the taxes he paid:
Federal income tax in millions of dollars annually.
Business and occupation tax.
Property tax in million of dollars annually.
Excise tax in hundreds of thousands annually.
Employment tax as follows:
50% of FICA for his employees, annually 6.2% and 1.45% total 7.65%.
Mortgage tax if mortgage is left in his estate. Amt of mortgage is cap to only $750,000. But I think his estate is more than that.
Unemployment insurance tax for his employees, federal and state.
Total of his taxes could amount to billions of dollars for a number of years.
President Trump earned all the income he got. He worked hard for it.

Compared to Obama and Hillary, they have paid minimal, since when they entered the WH, they have empty pockets. When they left, they bank accounts are loaded.

That link displayed does not provide complete financial data except complains from people who don't understand how tax are really computed. They complained that the richest people pay lower taxes. There are many factors involved in arriving at the net taxable income of rich people.

Normally, rich people itemize their income tax.
Here are the items they could deduct to minimize their IRS tax liability.
1.Charitable donation, donate large amount to charities of their choice.
2.Property taxes, own expensive properties that pay very high property taxes.
3.Rich individuals pays large amount of sales tax when they buy expensive items, like cars, boats, airplanes. There is a cap of $10,000.
4.State income tax. E.g. New Jersey, NY, California has high state income tax
Mortgage interest deduction could only deduct to mortgage up to $750,000.
5.Medical expenses, could only deduct the excess of 10% of the taxable income
These are the common deductions for rich people filing income tax.
Why they may end up lower taxable income, thus lower taxes.
If some of their income comes from Roth IRA, the earnings of Roth IRA are not taxable.

no propaganda please Loc: moon orbiting the third rock from the sun

Excellent post and great explanation of how the tax system works. Not that the Marxist Progressives on the left care one iota about the t***h. Thanks for posting it.
As an aside, just WHAT IS An IOTA?

johnsorrell7

These so called exceptionally rich people that pay so little taxes do so because they follow the tax laws. Do you really think the IRS would looki over them just because they are rich. If you don't like the rich paying the lesser amount of taxes, change the laws, or just keep your mouth shut and realize you don't know you're talking about.

Lt. Rob Polans ret.

The extreme rich always did pay less in taxes, but now so do we.