RIP Philo

GOP raises middle class taxes, cuts for idle rich

“Nearly half of all middle-class families would pay more in taxes in 2026 than they would under current rules if the proposed House tax bill became law, and about one-third would pay more in 2018, according to a New York Times analysis, a striking finding for a bill promoted as a middle-class tax cut.

President Trump and congressional Republicans have pitched the plan unveiled last week as a tax cut for most Americans. But millions of middle-class families — particularly those with children — would see an immediate tax increase, averaging about $2,000. Among the hardest-hit under the plan would be some of the most vulnerable taxpayers: those with huge out-of-pocket medical expenses.”
Permalink Tax Man 
November 7th, 2017 8:06pm

Households with annual incomes over $1 million would see their after-tax incomes increase by 3.2 percent, 16 times the percentage increase for any income group in the bottom half of the income distribution.
Permalink Tax Gal 
November 7th, 2017 8:39pm
It's long past time for the peasantry to pay their fair share!
Permalink Pig 
November 7th, 2017 9:19pm
The peasantry are already paying MORE than their fair share.

The wealthy pay 25% or less, because Capital Gains are taxed less.  Meanwhile the 50K to 100K pay 35% or more (given sales taxes, Social Security taxes, fuel taxes, state taxes and Federal taxes).

And Trump's proposals simply makes the situation worse, WHILE increasing the deficit AND military spending, which will be used as an excuse to cut Social Security, Medicare, and other social programs for the poor.

Har, har to your "tax-cut".
Permalink SaveTheHubble 
November 8th, 2017 7:58am
>>The peasantry are already paying MORE than their fair share.

The peasantry pay less then nothing (They get money)

50K is not peasantry. This is lower middle class, and they get brutalized. Basically  busting their asses while living the same or lower lifestyle as the "peasant" who chooses not to work.
Permalink Morons 
November 8th, 2017 11:24am
50K is not peasantry?

I don't know what country YOU live in, but to the upper 1%, 50K IS peasantry.

Or were you trying to make "peasantry" mean "poor".

Because I thought "peasantry" simply meant "the working people".  In other words "Not royalty",  "Not the Landed Gentry".

In other words, probably you.
Permalink SaveTheHubble 
November 8th, 2017 12:38pm
Can't blame the for choosing not to work in a system like that.
Permalink MS 
November 8th, 2017 12:40pm
They don't choose not to work.  Most of them DO work, only they simply don't get paid that much.
Permalink SaveTheHubble 
November 8th, 2017 1:00pm
Permalink MS 
November 8th, 2017 1:19pm

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