Trump Tax Reform - a total squeeze on middle class W2 workers

[Euler09]

Who didn't know that all trump would do is try to make himself richer?

"I thought trump was going to help out the middle class..."
Typical drone who believes anything he hears. Good lord you're stupid.,

 

[RedDuke]

Just read this:
"In the new tax plan, you can deduct private school tuition but not local taxes which go to schools. You can deduct for a private jet but not for medical expenses. "

If true, even more disgraceful.

 

[gkishot]

Just read this:
"In the new tax plan, you can deduct private school tuition but not local taxes which go to schools. You can deduct for a private jet but not for medical expenses. "

If true, even more disgraceful.

Where then will the 1 trillion deficit increase come from? I guess from the fact that on average a taxpayer will pay less in taxes. The reform is a trade off, which in the end seems to be beneficial to taxpayers. Why is the disgrace?

 

[Euler09]

Where then will the 1 trillion deficit increase come from? I guess from the fact that on average a taxpayer will pay less in taxes. The reform is a trade off, which in the end seems to be beneficial to taxpayers. Why is the disgrace?

The defecit comes from a 20% corporate tax rate instead of 35%, duh.

Also it gets rid of amt and estate tax..

 

[gkishot]

The defecit comes from a 20% corporate tax rate instead of 35%, duh.

Also it gets rid of amt and estate tax..

It does not get rid of AMT tax. And even individuals get more favorable tax rate.

 

[Euler09]

It does not get rid of AMT tax. And even individuals get more favorable tax rate.

Republicans always whine about how entitlements add to the defecit, unless as with this tax cut it lines their pockets with money. For reference this tax plan will add 1-1.5 trillion dollars to the defecit.

Tell me this genius how will companies expand and increase production if demand has not increased? Companies only expand to meet demand not because they have extra money.

 

[gkishot]

Republicans always whine about how entitlements add to the defecit, unless as with this tax cut it lines their pockets with money. For reference this tax plan will add 1-1.5 trillion dollars to the defecit.

Tell me this genius how will companies expand and increase production if demand has not increased? Companies only expand to meet demand not because they have extra money.

Wage increase. You think, is it up to the govt to increase demand?

 

[Euler09]

Wage increase. You think, is it up to the govt to increase demand?

Companies increase wages to keep up with competition, inflation and to obtain new qualified workers. They also increase wages to keep workers because training new employees is more expensive and can be disruptive to normal businesses operations.

Basically they keep increasing wages until the wages meet the requirements of qualified candidates. They don't increase wages because they have extra money.

 

[Cuddles]

Just read this:
"In the new tax plan, you can deduct private school tuition but not local taxes which go to schools. You can deduct for a private jet but not for medical expenses. "

If true, even more disgraceful.

It's worse, grad school stipends are taxed as income.

 

[RedDuke]

Where then will the 1 trillion deficit increase come from? I guess from the fact that on average a taxpayer will pay less in taxes. The reform is a trade off, which in the end seems to be beneficial to taxpayers. Why is the disgrace?

The biggest lie about this is the fact that most people will pay more in taxes and not less. Do you remember ACA, if you like your plan you can keep it? Very similar just a lie to sell this BS.