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Zorro

(15,740 posts)
Fri Nov 25, 2016, 06:28 PM Nov 2016

For some in middle class, Trump plan would mean tax increase

President-elect Donald Trump's proposals would modestly cut income taxes for most middle-class Americans. But for nearly 8 million families — including a majority of single-parent households — the opposite would occur: They'd pay more.

Most married couples with three or more children would also pay higher taxes, an analysis by the nonpartisan Tax Policy Center found. And while middle-class families as a whole would receive tax cuts of about 2 percent, they'd be dwarfed by the windfalls averaging 13.5 percent for America's richest 1 percent.

Trump's campaign rhetoric had promoted the benefits of his proposals for middle-income Americans.

"The largest tax reductions are for the middle class," said Trump's "Contract With the American Voter," released last month.

https://www.yahoo.com/news/middle-class-trump-plan-mean-tax-increase-153628510--finance.html

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For some in middle class, Trump plan would mean tax increase (Original Post) Zorro Nov 2016 OP
Don't worry they can start using their homes as ATMs again soon BSdetect Nov 2016 #1
Yep JHan Nov 2016 #2
Kick JustAnotherGen Nov 2016 #3
And if one reads further Yo_Mama_Been_Loggin Nov 2016 #4
He is the grift that keeps on grifting etherealtruth Nov 2016 #5

BSdetect

(8,998 posts)
1. Don't worry they can start using their homes as ATMs again soon
Fri Nov 25, 2016, 06:45 PM
Nov 2016

Then go bankrupt again. Then drumph can move in to gain from the foreclosings etc, again.

Yes, the rich will get richer again. Seen the stock market over the last week or so?

Its the American financial roller coaster.

etherealtruth

(22,165 posts)
5. He is the grift that keeps on grifting
Sun Nov 27, 2016, 06:45 PM
Nov 2016

Under his plan (as a single parent "head of a household&quot I would likely be responsible for somewhere around $2,500 per year more in taxes ... the galling part is that my tax burden would not increase to fund social, medical science programs ... I (and others like me) will pay more so the top 5% can see less of a tax burden ...?

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