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Old 06-03-2021, 07:39 AM
 
Location: Cape Cod
24,781 posts, read 17,510,706 times
Reputation: 36104

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Obama was a slick speaker and a smooth talking liar. He was the perfect politician.

Biden is a lousy speaker and a stuttering liar. Everything he says is a lie.


Trump certainly had his cringe worthy moments but at least he Loved America. We can't even say that about Biden and Kamala is worse.

Lord help us.



Biden IS the General of the Lying Dog Faced Pony Soldier brigade.
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Old 06-03-2021, 07:40 AM
 
45,674 posts, read 24,150,783 times
Reputation: 15561
Quote:
Originally Posted by Quick Enough View Post
"Making your case with an opinion article rather than the many independent sources."

Like what abc, nbc, cbs, cnn, npr? Where you get your "neews".

"The 2017 Tax reform benefited the wealthy and top 1% and just added to the income inequality, but keep arguing over a dead issue"

Prove it.
According to an analysis released by the Tax Policy Center (TPC) on Dec. 18, 2017, the law was expected to raise the after-tax income of 80.4% of households in 2018, but that cut was not distributed evenly or progressively. The analysis revealed that the tax break would hit 93.7% of taxpayers in the highest-earning quintile, and only 53.9% of those in the lowest quintile.33 Even so, on average, every quintile was expected to receive a tax break.

That is no longer expected to be true once individual tax cuts expire after 2025. At that point, the TPC estimates that the majority of taxpayers—53.4%—will face a tax increase: 69.7% of those in the middle quintile (40th to 60th percentile) will pay more, compared to just 8% of the highest-earning 0.1%.34



With the exception of that top 0.1%, higher earners will enjoy larger tax breaks as a proportion of their income:
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Old 06-03-2021, 11:56 AM
 
26,712 posts, read 15,261,767 times
Reputation: 14832
Quote:
Originally Posted by Goodnight View Post
So did you go through the several excel spread sheets on average income by percentile. I haven't heard any decent economist indicate other than most of the gains went to the wealthy other than Larry Kudlow and Stephen Moore.

Here is a more detailed analysis:

https://www.washingtonpost.com/polit...ill-one-chart/



https://www.forbes.com/sites/christi...h=5f7f99a958c1
You need to look in a mirror. 1984 is here and you are applauding big brother's lies with your Orwellian logic.


Biden is lying about the SALT cap. The leftist Brookings Institute and NY Times agree that Trump's SALT Cap hit the well off NOT blue collar workers as Biden lies about.

The top 1% got 57% of the additional taxes and the bottom 80% got 4% of the additional taxes.

https://www.brookings.edu/blog/up-fr...-expanded/amp/

https://www.google.com/amp/s/www.nyt...n-cut.amp.html

Before we get to the other lie, can you accept that this is dishonest or must you pedal the party lie?

The other Biden lie is well documented as a lie by the IRS numbers themselves and multiple fact checkers even friendly to Biden or saying that his claim on what the rich paid under Trump is simply BS.
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Old 06-03-2021, 12:54 PM
 
13,877 posts, read 5,068,680 times
Reputation: 9903
Quote:
Originally Posted by michiganmoon View Post
. The 1% paid a greater share of taxes under Trump's Tax plan, .
The 1% also made more money in 2018 than 2017. Their effective income tax rate went down slightly, from 26.8% to 25%.
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Old 06-03-2021, 12:57 PM
 
10,242 posts, read 11,226,587 times
Reputation: 21037
Since when - Does B1den the Pedo, Tell the Truth???

He's been a Liar—all his Life.
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Old 06-03-2021, 02:44 PM
 
26,712 posts, read 15,261,767 times
Reputation: 14832
Quote:
Originally Posted by Leo58 View Post
The 1% also made more money in 2018 than 2017. Their effective income tax rate went down slightly, from 26.8% to 25%.
The 1% paid a greater share of the overall taxes under Trump's Tax plan and they paid a net overall commensurate amount in nominal terms, while the 99% paid in 65 billion less, so it is a lie to say the 1% paid less of a share. IRS data backs this up.

Before Trump changed the tax code the 1% paid 38.5% of all taxes, after Trump changed taxes the top 1% paid 40.1%. The 1% had a greater share of the taxes, not less. The 1% share of overall income fell slightly as well from 21% to 20.9%.

You can spin it all you want, but how sick is it that it is becoming normalized to defend lies simply because Biden is on your team?
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Old 06-04-2021, 04:49 AM
 
59,549 posts, read 27,685,195 times
Reputation: 14414
Quote:
Originally Posted by moneill View Post
According to an analysis released by the Tax Policy Center (TPC) on Dec. 18, 2017, the law was expected to raise the after-tax income of 80.4% of households in 2018, but that cut was not distributed evenly or progressively. The analysis revealed that the tax break would hit 93.7% of taxpayers in the highest-earning quintile, and only 53.9% of those in the lowest quintile.33 Even so, on average, every quintile was expected to receive a tax break.

That is no longer expected to be true once individual tax cuts expire after 2025. At that point, the TPC estimates that the majority of taxpayers—53.4%—will face a tax increase: 69.7% of those in the middle quintile (40th to 60th percentile) will pay more, compared to just 8% of the highest-earning 0.1%.34



With the exception of that top 0.1%, higher earners will enjoy larger tax breaks as a proportion of their income:
"Tax Policy Center" is owned by the Urban Institute, with is a VERY LIBERAL org.

"

And the Brookings Inst. is also very left but not quite as much as UI. Nuff said!
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Old 06-04-2021, 04:55 AM
 
4,994 posts, read 2,004,101 times
Reputation: 2866
Quote:
Originally Posted by Goodnight View Post
Making your case with an opinion article rather than the many independent sources. The 2017 Tax reform benefited the wealthy and top 1% and just added to the income inequality, but keep arguing over a dead issue.

I notice you provided no support while the OP did provide support.
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Old 06-04-2021, 04:58 AM
 
4,994 posts, read 2,004,101 times
Reputation: 2866
Quote:
Originally Posted by scarabchuck View Post
And corporations got a tax break.

If the corporate tax rate is higher in the US than other countries, corporation will invest and create jobs in other countries. Higher corporate tax rates mean lower returns for the companies which most working people are invested in via 401k accounts.
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Old 06-04-2021, 07:19 AM
 
Location: the very edge of the continent
89,621 posts, read 45,245,096 times
Reputation: 13875
Quote:
Originally Posted by michiganmoon View Post
The 1% paid a greater share of the overall taxes under Trump's Tax plan and they paid a net overall commensurate amount in nominal terms, while the 99% paid in 65 billion less, so it is a lie to say the 1% paid less of a share. IRS data backs this up.

Before Trump changed the tax code the 1% paid 38.5% of all taxes, after Trump changed taxes the top 1% paid 40.1%. The 1% had a greater share of the taxes, not less. The 1% share of overall income fell slightly as well from 21% to 20.9%.

You can spin it all you want, but how sick is it that it is becoming normalized to defend lies simply because Biden is on your team?
Excellent info. Wish I could rep you again.
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