General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsStatement made during press briefing on the new Tax Plan:
A husband and wife with 2 children that make $100,000.00 will save $1,000.00 per year.
They will then be able to buy a new car or remodel their kitchen.
What kind of new car has payments of $1,000.00 per year ???
What kind of contractor charges $1,000.00 to remodel a kitchen ???
I have never seen such out of touch, insane, evil, liars.
They asked the evil clown 3 times if Trump would save millions on his taxes. (He will)
He never answered.
He stated no one cares how much money rich people pay in taxes.
True Dough
(17,325 posts)Thanks, I needed that !!!!
Angry Dragon
(36,693 posts)True Dough
(17,325 posts)IF THE PRICE IS RIGHT!!!
livetohike
(22,163 posts)exboyfil
(17,865 posts)Right now I am not seeing it unless that 12% goes past the bottom of the current 25%.
unblock
(52,323 posts)how is this even a tax cut at all?
if that couple making $100,000/year lives in a state with high taxes and has a big property tax bill and maybe a few other itemized deductions, it might end up being a tax hike.
in any event, it's certainly not a major windfall for anyone other than people who are deep, deep into the 39.6% bracket. even they only get it cut to 35%, a measly 4.6% windfall.
very, very expensive for a small percentage difference for a very small percentage of people.
idiotic.
Angry Dragon
(36,693 posts)$2 million times .046 = $92,000.........not two bad
unblock
(52,323 posts)so that's "only" a 70,520.25 savings, even assuming that's $2 million of adjusted gross income (after deductions, etc.)
that's still only about 3.5%.
who changes lifestyle or alters major decisions based on a measly 3.5% change in income?
sure, $70k is a lot of money for the rest of us, but when you make $2 million a year, $70k is chump change.
are any of these people seriously going to get a new car or renovate their houses *due to the extra $70k*, when they would not have done so *due to the $2 million income in the first place*???
Angry Dragon
(36,693 posts)Adrahil
(13,340 posts)that people don't care about how this affects other peoples' taxes, only their own.
He just admitted that the cynical truth: that they can lavish the wealthy with tax cuts as long as they throw a bone to enough of their own supporters!
safeinOhio
(32,720 posts)go ahead and show us YOUR taxes.
Adrahil
(13,340 posts)It was VERY telling!
Control-Z
(15,682 posts)my television since the press briefing started.
spanone
(135,876 posts)THIS is why he didn't resign after charlottesville....he was brought in to lie this bill through