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originally posted by: dbarnhart
a reply to: Willtell
Frankly, I don't CARE what the 'rich' get. I'm focused on what ***I*** get. Stop with the politics of envy.
originally posted by: Phage
a reply to: dbarnhart
As an S Corp, you shouldn't be putting employees in quotation marks. But you get to write off 20% of your company's net. That's a good chunk.
But that wasn't Rubio's point. The claim was that the tax cut was going to result in growth which would make the deficit decrease. It doesn't seem to be doing that. But for some reason Republicans don't care about the deficit any more because they get a bit more in their paychecks.
originally posted by: Willtell
Will the tax cuts be a boon to the macroeconomy, that’s the issue.
In the past trickle down hasn’t done that.
History records that the American economy grew at an enormous rate when we had taxes on the rich higher. That’s documented by historical facts.
The economy WILL NEVER be on a boom again with taxes so low on the rich. That's the plot, the plan to keep things the way they are.
originally posted by: dbarnhart
a reply to: CB328
B.S.
I am middle class. I have my own Subchapter S business. I just spent several hours with my CPA in tax planning. The Trump Tax Cut is saving me a ton on my taxes.
originally posted by: Bluntone22
Why?
They all got cost of living raises every year.
I doubt he did.
originally posted by: DBCowboy
Rich people pay me my salary.
Rich people pay most everyone's salary.
I could give a tinkers damn about rich people personally, I just want more money for what I do!
originally posted by: scraedtosleep
a reply to: Phage
Sooo us working poor didn't get anything in the new tax cuts?
originally posted by: matafuchs
a reply to: scraedtosleep
No offense but you sound a little entitled. So you make 20 k a year. Is that your choice?
My first job was at 14 for 2.14 plus tips. 30 years later without graduating from college I make over 100k, bill my clients 200 an hour and busted my ass to get here. With my extra money I can take my family on a cruise.
I call that winning. McCain and the other old farts as well as the loony left do not want me to have that money even though while reducing taxes we are bringing in record numbers.
We'll talk next tax season. This year I owed nearly $1500. Unless something changes, according to this new tax plan I would have received around $90.
originally posted by: CB328
Anyone who is honest and knows anything about the state of business in our country knows that Trump's tax cut was a giant scam. Now even a Republican is admitting that it isn't helping the middle class. I know I haven't seen a penny from it, and I am a contractor at a fortune 100 company.
www.dailykos.com...
originally posted by: Aazadan
originally posted by: scraedtosleep
a reply to: Phage
Sooo us working poor didn't get anything in the new tax cuts?
Very little. This is common in tax cuts. When you pay virtually nothing to begin with, there's nothing there to cut. That's why they tend to mostly go to the wealthy, because that's who is paying the tax burden.
There's things that can be done that do help out the poor more like tax credits and rebates, but when the bottom 50% only pays 1.5% of the total tax burden in the country, there's just not much there to give back in cuts.