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Trump impressed all of us: New York Jets co- owner...
Apr 11, 2024 01:50:14   #
proud republican Loc: RED CALIFORNIA
 
https://youtu.be/Q-vB27sFq1E?si=jK9nGZ-WftR7AJ9J

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Apr 11, 2024 10:01:36   #
saltwind 78 Loc: Murrells Inlet, South Carolina
 
proud republican wrote:
https://youtu.be/Q-vB27sFq1E?si=jK9nGZ-WftR7AJ9J


proud, Since when does owning a professional football team make a person an expert on politics? I have no doubt that this person has lots of big bucks, and is in favor of a tax law that would give the super wealthy a big tax break, and force the ordinary working person to pay higher taxes to make up the difference.

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Apr 12, 2024 14:32:34   #
America 1 Loc: South Miami
 
saltwind 78 wrote:
proud, Since when does owning a professional football team make a person an expert on politics? I have no doubt that this person has lots of big bucks, and is in favor of a tax law that would give the super wealthy a big tax break, and force the ordinary working person to pay higher taxes to make up the difference.



We have gone over this multiple times, are you ignorant stupid or what?
IRS data proves Trump tax cuts benefited middle, working-class Americans most
Income data published by the IRS clearly show that on average all income brackets benefited substantially from the Republicans’ tax reform law, with the biggest beneficiaries being working and middle-income filers, not the top 1 percent, as so many Democrats have argued.

A careful analysis of the IRS tax data, one that includes the effects of tax credits and other reforms to the tax code, shows that filers with an adjusted gross income (AGI) of $15,000 to $50,000 enjoyed an average tax cut of 16 percent to 26 percent in 2018, the first year Republicans’ Tax Cuts and Jobs Act went into effect and the most recent year for which data is available.

Filers who earned $50,000 to $100,000 received a tax break of about 15 percent to 17 percent, and those earning $100,000 to $500,000 in adjusted gross income saw their personal income taxes cut by around 11 percent to 13 percent.

By comparison, no income group with an AGI of at least $500,000 received an average tax cut exceeding 9 percent, and the average tax cut for brackets starting at $1 million was less than 6 percent. (For more detailed data, see my table published here.)

That means most middle-income and working-class earners enjoyed a tax cut that was at least double the size of tax cuts received by households earning $1 million or more.

What’s more, IRS data shows earners in higher income brackets contributed a bigger slice of the total income tax revenue pie following the passage of the tax reform law than they had in the previous year.

In fact, every income bracket with filers earning $200,000 or more increased its tax burden in 2018 compared to 2017, and every income bracket with a top limit lower than $200,000 paid a smaller proportion of the total personal tax revenue collected.

That means that Republicans’ tax reform law resulted in the tax code becoming slightly more progressive — the exact opposite of what Democrats have claimed over the past four years.
https://thehill.com/opinion/finance/584190-irs-data-prove-trump-tax-cuts-benefited-middle-working-class-americans-most/

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Apr 13, 2024 09:52:47   #
AuntiE Loc: 45th Least Free State
 
saltwind 78 wrote:
proud, Since when does owning a professional football team make a person an expert on politics? I have no doubt that this person has lots of big bucks, and is in favor of a tax law that would give the super wealthy a big tax break, and force the ordinary working person to pay higher taxes to make up the difference.


You truly are unbelievably uneducated and unenlightened.

"The top 1 percent of earners, defined as those with incomes over $682,577, paid nearly 46 percent of all income taxes" in 2021, according to federal tax data crunched by the National Taxpayers Union Foundation (NTUF)

Research is your friend. Consider trying it before you continue embarrassing yourself with untruths.

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Apr 13, 2024 09:53:41   #
AuntiE Loc: 45th Least Free State
 
America 1 wrote:
We have gone over this multiple times, are you ignorant stupid or what?
IRS data proves Trump tax cuts benefited middle, working-class Americans most
Income data published by the IRS clearly show that on average all income brackets benefited substantially from the Republicans’ tax reform law, with the biggest beneficiaries being working and middle-income filers, not the top 1 percent, as so many Democrats have argued.

A careful analysis of the IRS tax data, one that includes the effects of tax credits and other reforms to the tax code, shows that filers with an adjusted gross income (AGI) of $15,000 to $50,000 enjoyed an average tax cut of 16 percent to 26 percent in 2018, the first year Republicans’ Tax Cuts and Jobs Act went into effect and the most recent year for which data is available.

Filers who earned $50,000 to $100,000 received a tax break of about 15 percent to 17 percent, and those earning $100,000 to $500,000 in adjusted gross income saw their personal income taxes cut by around 11 percent to 13 percent.

By comparison, no income group with an AGI of at least $500,000 received an average tax cut exceeding 9 percent, and the average tax cut for brackets starting at $1 million was less than 6 percent. (For more detailed data, see my table published here.)

That means most middle-income and working-class earners enjoyed a tax cut that was at least double the size of tax cuts received by households earning $1 million or more.

What’s more, IRS data shows earners in higher income brackets contributed a bigger slice of the total income tax revenue pie following the passage of the tax reform law than they had in the previous year.

In fact, every income bracket with filers earning $200,000 or more increased its tax burden in 2018 compared to 2017, and every income bracket with a top limit lower than $200,000 paid a smaller proportion of the total personal tax revenue collected.

That means that Republicans’ tax reform law resulted in the tax code becoming slightly more progressive — the exact opposite of what Democrats have claimed over the past four years.
https://thehill.com/opinion/finance/584190-irs-data-prove-trump-tax-cuts-benefited-middle-working-class-americans-most/
We have gone over this multiple times, are you ign... (show quote)


Get use to it. He obtains all his information from the DNC.

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