- Jun 13, 2016
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The claim was, the Top 20% pay 84% of the federal taxes. If (if) they own/control 85%+/- of the nations wealth then it wouldn't seem to be out of line, imho, ymmv.Just curious: What has that got to do with the tax brackets? Since they pay the lion's share of the taxes too..
The other comment (which I skipped at the time) is that a large portion of Americans pay no federal income tax. While technically true, what is being suggested is that they aren't paying their share of taxes - which is of course absolutely false.
No. (although the house bill, before reconcilliation, would have raised the lowest income bracket -10% to 12%)So, we ignore all the discussions over the last weeks? Things like property taxes per state are different, and other items as well. I think everyone knows that effects your taxes.
Are you saying the tax brackets themselves went UP? The amount of deductions vary as we know.
I responded to someone saying that "no one" had said that everyone would get a tax cut. When in fact, that was Trump's campaign position and he said it often.
What I am saying (now) is that even in the clip I linked, where Trump back-peddles his comment, he has switched his position altogether. His claim during the campaign was (in essence) the middle class WILL definitely, without question get a tax cut and the wealthy may or may not depending on how things are negotiated. The reality of the bill that just passed is that this has reversed. The wealthy ARE getting major tax breaks - period. It's those in the middle, where losing a deduction here or there and being able to itemize are the ones who may or may not get a cut.
The populism of the campaign has been abandoned for the GOP establishment "swamp".
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