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Biden is outright lying about both his and Trump's Tax plans.
Under Trump's Tax plan per the IRS themselves the 1% had a higher burden of the share of taxes staying flat in overall payments, while the 99% paid in $65 Billion less in taxes.
Yet Biden is out there saying that Trump's Tax plan was a huge windfall for the 1% who no longer pay their fair share.
Biden is also lying claiming that the SALT Tax Cap of Trump is harming blue collar people. The burden of Trump's SALT Cap fell on the well off. The top 1% paid 57% of it and the bottom 80% paid 4% of it. Only an idiot or a sociopath could sincerely think the SALT Cap heavily hit blue collar workers.
Biden is a lying dog faced pony soldier.
With our media, does it even matter that Biden lies so brazenly?
Biden is outright lying about both his and Trump's Tax plans.
Under Trump's Tax plan per the IRS themselves the 1% had a higher burden of the share of taxes staying flat in overall payments, while the 99% paid in $65 Billion less in taxes.
Yet Biden is out there saying that Trump's Tax plan was a huge windfall for the 1% who no longer pay their fair share.
Biden is also lying claiming that the SALT Tax Cap of Trump is harming blue collar people. The burden of Trump's SALT Cap fell on the well off. The top 1% paid 57% of it and the bottom 80% paid 4% of it. Only an idiot or a sociopath could sincerely think the SALT Cap heavily hit blue collar workers.
Biden is a lying dog faced pony soldier.
With our media, does it even matter that Biden lies so brazenly?
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.
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.
The article cites the IRS data with a direct link. Don't be a total partisan clown. The 1% paid a greater share of taxes under Trump's Tax plan, which is the opposite of what lying Biden says.
Biden is telling blatant and obvious lies and you come running to 1984 Orwell us with BS cover for his lies. Shame on you for supporting this dysfunction.
Wealth inequality has been caused by the Federal Reserve doing Quantative Easing extensively since 2009 pushing asset prices higher.
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.
Interesting. This article based on IRS reporting states things a little bit differently.
" Taxpayers making between $40,000 and $50,000 a year had the largest fall in average tax liability, a 14.5% drop
Taxpayers making at least $1 million had a 4.3% decrease in average tax liability."
Now the uber wealthy did get a huge break in estate taxes...which really matters little to me. And corporations got a tax break.
The real argument is , did it help anything. Many weren't prepared for less taxes being taken out of their checks and suffered when tax day came. That isn't the fault of the tax plan though. And don't forget, almost 40% of Americans don't pay income tax, so of course it wouldn't effect them.
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.
"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"
The article cites the IRS data with a direct link. Don't be a total partisan clown. The 1% paid a greater share of taxes under Trump's Tax plan, which is the opposite of what lying Biden says.
Biden is telling blatant and obvious lies and you come running to 1984 Orwell us with BS cover for his lies. Shame on you for supporting this dysfunction.
Wealth inequality has been caused by the Federal Reserve doing Quantative Easing extensively since 2009 pushing asset prices higher.
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.
Republicans in Congress and President Trump touted the benefits of Tax Cuts and Jobs Act of 2017 as game changing. Showering the richest Americans and corporations even more money was supposed to lead to more business investments. These investments, the argument went, would translate into more productivity growth. Workers would then supposedly see an additional $4,000 per year in wages. And faster economic growth and higher wages would result in more tax revenue, thus paying mainly for itself.
These were empty promises. Businesses did not use the windfall of new cash to invest in new machines, technology, office parks and manufacturing plants. Without an acceleration in business investment, though, American workers will not see the bumps in pay promised over the longer term. The richest Americans instead got even richer while corporations used a lot of the new money to keep shareholders happy . Federal budget deficits quickly ballooned because there was no faster growth and more revenue to offset the hundreds of billions lost each year to the predictably wasteful tax cuts.
We make just a bit over 100k and my taxes went down 1,700. I compared using turbotax from the prior year so change in income had nothing to do with it.
It will be interesting the next couple of years to see if and how much that changes. We are far below the " no tax increase if you make less than 400k" promise.
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