trump to the poor-"screw you!"

[rae121452]

By STEPHEN OHLEMACHER
The Associated Press

WASHINGTON (AP) — President Donald Trump promised Americans “the largest tax cut in our country’s history.” But for low-income households, Trump’s plan would amount to crumbs.
The poorest would get an average tax cut of about $60 a year, according to an analysis by the Tax Policy Center. Middle-income families would get about $300 on average.

“There’s no significant benefit for low-income families,” said Elaine Maag, a senior research associate at the Tax Policy Center. “It’s important because when low-income families get money they tend to spend it, putting it right back into the economy. High-income families tend to save it.”
The Tax Policy Center’s analysis says most of the tax cuts would go to the wealthiest Americans. For example, the top 1 percent — families making about $700,000 a year — would get an average tax cut of $129,000. Tax breaks targeting the wealthy include lowering the top income tax rate from 39.6 percent to 35 percent, eliminating the alternative minimum tax, and doing away with the federal estate tax, which is only paid by people who inherit multimillion-dollar estates.

The main provisions that would affect low-income families are increasing the child tax credit and raising the standard deduction from $6,300 to $12,000. This would be partially offset by eliminating the $4,050 personal exemption. Also, the lowest tax rate would increase from 10 percent to 12 percent, but the plan doesn’t specify the income levels for each tax bracket. In the Tax Policy Center’s analysis, low-income families make less than $25,000 a year. That puts them in the bottom 20 percent of households.

An analysis by the conservative Tax Foundation noted the plan’s lack of details. Nevertheless, it found only modest benefits for low-income families, increasing their annual incomes by an average of less than 1 percent. One reason the poorest families wouldn’t get much of a tax break is that many don’t pay federal income taxes. About 44 percent of U.S. households pay no federal income tax, according to the Tax Policy Center. Most of these people pay other federal taxes, including payroll taxes.

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[sr71plt]

This post is a copyright violation--reposting too much of the article.

But, yes, Trump was saying "screw you" to the poor and the middle class and his vendors and workers from decades before running for president. Apparently a lot (a whole lot) of his voting supporters were too dumb to understand and accept the reality of that. They've screwed themselves along with everyone else.

 

[Hypoxia]

Tromp indeed has a long history of screwing those close to him, including a disabled nephew, and ALL subordinates. I grok his base ignoring bothersome, libelous (but true!) details of his history because HE DA MAN! But I'm shocked anyone with business, military, or political chops would dare sign on as an aide. They should notice they're expendable, throw-under-the-bus dupes, like the anonymous ENTERPRISE crewmen who beam-down with Capt Kirk.

And that base? No, they won't see much, whilst the 0.01%ers gain a shitload -- a billion bucks for Tromp.Com alone. Rich ==> richer. Poor ==> fucked.

Will his 'deplorable' base, and other shat-upon left-behinds and globalism-debris, be pissed-off by slashed benefits and protections, enraged enough to punish Tromp and Gups in upcoming votes? Don't matter. We'll see new crises, disasters, and deflections by then. Current flaps will be overidden in a month... unless Mueller pops up with something interesting. Stay tuned for indictments. Or wars.

 

[sr71plt]

Trump's base is so dumb they--as they did with Obamacare during the lesson--won't connect what he's really doing with how it really screws them.

 

[Ghostee]

By STEPHEN OHLEMACHER
The Associated Press

WASHINGTON (AP) — President Donald Trump promised Americans “the largest tax cut in our country’s history.” But for low-income households, Trump’s plan would amount to crumbs.
The poorest would get an average tax cut of about $60 a year, according to an analysis by the Tax Policy Center. Middle-income families would get about $300 on average.

“There’s no significant benefit for low-income families,” said Elaine Maag, a senior research associate at the Tax Policy Center. “It’s important because when low-income families get money they tend to spend it, putting it right back into the economy. High-income families tend to save it.”
The Tax Policy Center’s analysis says most of the tax cuts would go to the wealthiest Americans. For example, the top 1 percent — families making about $700,000 a year — would get an average tax cut of $129,000. Tax breaks targeting the wealthy include lowering the top income tax rate from 39.6 percent to 35 percent, eliminating the alternative minimum tax, and doing away with the federal estate tax, which is only paid by people who inherit multimillion-dollar estates.

The main provisions that would affect low-income families are increasing the child tax credit and raising the standard deduction from $6,300 to $12,000. This would be partially offset by eliminating the $4,050 personal exemption. Also, the lowest tax rate would increase from 10 percent to 12 percent, but the plan doesn’t specify the income levels for each tax bracket. In the Tax Policy Center’s analysis, low-income families make less than $25,000 a year. That puts them in the bottom 20 percent of households.

An analysis by the conservative Tax Foundation noted the plan’s lack of details. Nevertheless, it found only modest benefits for low-income families, increasing their annual incomes by an average of less than 1 percent. One reason the poorest families wouldn’t get much of a tax break is that many don’t pay federal income taxes. About 44 percent of U.S. households pay no federal income tax, according to the Tax Policy Center. Most of these people pay other federal taxes, including payroll taxes.

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The poor don't pay taxes so why would they get bigger tax returns, do you expect to buy a lotto ticket and get the same amount of money as a winner when your numbers don't win?

Under Obama the rich got richer the poor were fine and the middle class working types got screwed.

Its not a Tax cut its a not future spending of tax dollars meaning the taxes are returned to you or not collected at all ......

Since the press is all a bunch of commies and unable to figure out the real world they write whatever the DNC gives them and smile cause their so much smarter than us all!

I got tired of waiting on a tax return or "cut" and simply paid in less ,spent less .
Keeping muh money in muh pocket cause its mine not theirs!

 

[Hypoxia]

Under Obama the rich got richer the poor were fine and the middle class working types got screwed.

Ditto under Reagan, Wee Willie Clitton, and both arrogant Bushes. Dums and Gups are both corporate-owned -- somewhat different in detail but lots of overlap. All worked to dismantle protections for workers and local / regional economies. Results: concentration of wealth and power on the coasts and the gutting of the nation's midsection. Welcome to fascism, i.e. gov't owned by corporations, as defined by Mussolini.

This is the face of "less gov't". This is the Gup-ordained social-Darwinian hell we're facing. Have fun.