General Discussion

kpete

(71,996 posts) Tue Dec 19, 2017, 11:50 AM Dec 2017

A real eye opener and very depressing chart:

Bottom quintile gets $1 a week, top .1% gets $1 every 10 minutes.

In 2018, here's what happens:

Bottom quintile gets an average tax cut of $60.

Second quintile gets an average tax cut of $380.

Top 1% gets an average tax cut of $51,140.

Top 0.1% gets an average tax cut of $193,380.

Link to tweet

10 replies

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A real eye opener and very depressing chart: (Original Post) kpete Dec 2017 OP

Spread this far and wide dalton99a Dec 2017 #1

GOP Tax Scam nm AmericanActivist Dec 2017 #2

And this likely underestimates how much the rich will save n2doc Dec 2017 #3

Some days, maybe, it's best to try to move/live/work in a different country. ... especially youths. RKP5637 Dec 2017 #4

What are the parameters for each quintile? smirkymonkey Dec 2017 #5

I belive those are in the link below. herding cats Dec 2017 #7

Thanks for that. MissB Dec 2017 #9

Thank you! smirkymonkey Dec 2017 #10

"Merry Christmas to all, and to all a good night." calimary Dec 2017 #6

There's not going TO BE an economy in 2027 FakeNoose Dec 2017 #8

dalton99a

(81,515 posts)

1. Spread this far and wide

Reply to kpete (Original post)

Tue Dec 19, 2017, 12:04 PM

Dec 2017

AmericanActivist

(1,019 posts)

2. GOP Tax Scam nm

Reply to kpete (Original post)

Tue Dec 19, 2017, 12:18 PM

Dec 2017

n2doc

(47,953 posts)

3. And this likely underestimates how much the rich will save

Reply to kpete (Original post)

Tue Dec 19, 2017, 12:23 PM

Dec 2017

Lots of loopholes in this POS bill, like the Kansas 'experiment', expect the rich to pay nearly nothing and the deficit to explode.

RKP5637

(67,111 posts)

4. Some days, maybe, it's best to try to move/live/work in a different country. ... especially youths.

Reply to kpete (Original post)

Tue Dec 19, 2017, 12:43 PM

Dec 2017

smirkymonkey

(63,221 posts)

5. What are the parameters for each quintile?

Reply to kpete (Original post)

Tue Dec 19, 2017, 12:52 PM

Dec 2017

Anybody know?

herding cats

(19,565 posts)

7. I belive those are in the link below.

Reply to smirkymonkey (Reply #5)

Tue Dec 19, 2017, 02:35 PM

Dec 2017

This shows them up to 2015.

http://www.taxpolicycenter.org/statistics/household-income-quintiles

MissB

(15,810 posts)

9. Thanks for that.

Reply to herding cats (Reply #7)

Tue Dec 19, 2017, 02:58 PM

Dec 2017

Much appreciated

smirkymonkey

(63,221 posts)

10. Thank you!

Reply to herding cats (Reply #7)

Tue Dec 19, 2017, 04:00 PM

Dec 2017

I appreciate it - would be nice if they could just list them in the chart, but thanks for posting.

calimary

(81,320 posts)

6. "Merry Christmas to all, and to all a good night."

Reply to kpete (Original post)

Tue Dec 19, 2017, 02:00 PM

Dec 2017

Yeah. Good night, Irene.

FakeNoose

(32,645 posts)

8. There's not going TO BE an economy in 2027

Reply to kpete (Original post)

Tue Dec 19, 2017, 02:50 PM

Dec 2017

None of this matters, we'll be in a depression so bad it will make the 1930's look like Disneyland.

If we don't get Democrats elected next year and in 2020 - the game is over.
They will have destroyed our children's future.

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