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Tax increases for the middle class this week and net neutrality next week!

I

independentusa

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We have now found out that the so called Trump tax cuts will actually increase taxes for 66% of the middles class now and over 50% of all tax payers by the year 2027. Of course there will plenty of tax cut for the donor class. And then next week the Trump Administration will do away with what is called net,i.e, internet, neutrality. It will allow internet companies to bill those who aren't willing to pay through the nose to wait for as long as the internet companies want to get info downloaded from the internet. Which means a majority of Americans will have to pay more for their internet or basically go back to dial up speeds or even a lot slower. I wonder how much in donations this will bring the GOP in campaign funds. As with the tax cuts we know the only important thing is the donor class to the GOP.
 
independentusa said:
We have now found out that the so called Trump tax cuts will actually increase taxes for 66% of the middles class now and over 50% of all tax payers by the year 2027. Of course there will plenty of tax cut for the donor class. And then next week the Trump Administration will do away with what is called net,i.e, internet, neutrality. It will allow internet companies to bill those who aren't willing to pay through the nose to wait for as long as the internet companies want to get info downloaded from the internet. Which means a majority of Americans will have to pay more for their internet or basically go back to dial up speeds or even a lot slower. I wonder how much in donations this will bring the GOP in campaign funds. As with the tax cuts we know the only important thing is the donor class to the GOP.
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And your links substantiating these claims are... where?
 
independentusa said:
We have now found out that the so called Trump tax cuts will actually increase taxes for 66% of the middles class now and over 50% of all tax payers by the year 2027. Of course there will plenty of tax cut for the donor class. And then next week the Trump Administration will do away with what is called net,i.e, internet, neutrality. It will allow internet companies to bill those who aren't willing to pay through the nose to wait for as long as the internet companies want to get info downloaded from the internet. Which means a majority of Americans will have to pay more for their internet or basically go back to dial up speeds or even a lot slower. I wonder how much in donations this will bring the GOP in campaign funds. As with the tax cuts we know the only important thing is the donor class to the GOP.
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What's my new tax rate going to be?
 
You Kool-Aid drinkers might laugh, but it’s probably a safe bet that the OP is in the ballpark.
 
HenryChinaski said:
You Kool-Aid drinkers might laugh, but it’s probably a safe bet that the OP is in the ballpark.
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so far i pay less and i pay even less under the senate bill.
 
Yep, and yet again the Trumpsters who SWORE they voted for Trump because they were tired of the establishment and the elite running the country and the political parties come out of the woodwork to defend the establishment Republican and elitist agenda.

LOL
 
What Trump and the GOP are giving us, is not tax reform but rather a huge corporate tax cut. Nearly 50%!

To facilitate the massive permanent corporate tax cut, they are throwing the citizens a small temporary bone, which will soon expire.

They are selling us out, for their donors.

This can be seen in that the massive permanent (corp) tax cut is a straight rate drop from 35 to 20%. However, the tiny temporary (individual) cut is done via a massive restructuring.

They could cut the individual rates by nearly a half like the corporate rates, but they're not. They're shuffling things around, and giving the very slightest cuts to give the semblance of individual cuts in order to sell us a bill of goods. It's a con. Smoke & mirrors cover for them.

Of course the deficit will shoot up, and servicing it and the increased debt will be the burden of the individuals. With revenues down due to the corporate cuts, the individual increase in the tax rates in several years will be necessary. But it won't be enough, so services will have to be cut. It seems Medicaid is the immediate casualty, with Social Security likely on the chopping block for hits in due time. Of course, this is what the GOP always wanted to cut: Medicaid & SS.

But the GOP will accomplish their goal of satisfying their real constituents - their donors. And Trump gets approximately a 1 Billion dollar gift, so he'll gladly sign and put his name to it. It is the most lucrative deal Trump ever did. The selling out of America.
 
independentusa said:
We have now found out that the so called Trump tax cuts will actually increase taxes for 66% of the middles class now and over 50% of all tax payers by the year 2027. Of course there will plenty of tax cut for the donor class. And then next week the Trump Administration will do away with what is called net,i.e, internet, neutrality. It will allow internet companies to bill those who aren't willing to pay through the nose to wait for as long as the internet companies want to get info downloaded from the internet. Which means a majority of Americans will have to pay more for their internet or basically go back to dial up speeds or even a lot slower. I wonder how much in donations this will bring the GOP in campaign funds. As with the tax cuts we know the only important thing is the donor class to the GOP.
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How man times do you cry wolf?

So how much are my taxes going to be raised? I make almost $100k annual.
 
Chomsky said:
What Trump and the GOP are giving us, is not tax reform but rather a huge corporate tax cut. Nearly 50%!

To facilitate the massive permanent corporate tax cut, they are throwing the citizens a small temporary bone, which will expire.

They are selling us out, for their donors.

This can be seen in that the massive permanent (corp) tax cut is a straight rate drop from 35 to 20%. However, the tiny temporary (individual) cut is done via a massive restructuring.

They could cut the individual rates by nearly a half like the corporate rates, but they're not. They're shuffling things around, and giving the very slightest cuts to give the semblance of individual cuts in order to sell us a bill of goods. It's a con. Smoke & mirrors cover for them.

Of course the deficit will shoot up, and servicing it and the increased debt will be the burden of the individuals. With revenues down due to the corporate cuts, the individual increase in the tax rates in several years will be necessary. But it won't be enough, so services will have to be cut. It seems Medicaid is the immediate casualty, with Social Security likely on the chopping block for hits in due time. Of course, this is what the GOP always wanted to cut: Medicaid & SS.

But the GOP will accomplish their goal of satisfying their real constituents - their donors. And Trump gets approximately a 1 Billion dollar gift, so he'll gladly sign and put his name to it. It is the most lucrative deal Trump ever did. The selling out of America.
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Yep, and as we see now for 100% certainty, deficits only matter to the GOP when there's an (D) in the WH.
 
SenorXm/Sirius said:
Yep, and as we see now for 100% certainty, deficits only matter to the GOP when there's an (D) in the WH.
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The increased deficit is going to be the immediate negative effect, but they're cutting all sorts of citizen benefits and services as well.

The net effect on Medicaid is around 20%, and Medicare cuts are somewhat less than that. They are doing it very sneakily, not by directly cutting those programs, but by not increasing them adequately in over time to meet future requirements.

Then they used a funky accounting system to get the 1.5B debt number. They base this upon hokey numbers claiming the economy will take off due to their corporate tax cuts. We already saw this did not happen with the early 2000's Bush tax cuts. No jobs were created, but rather the corps kept the money by buying back their outstanding shares, spending very little, and creating no jobs.

To add further insult, the GOP and Trump are basing their amount of tax savings for individuals predicated upon individual wages rising due to their corporate tax cuts! Of course this did not happen during Bush's tax cuts, either!

So yeah, we're getting conned in the worst way, and rather than Trump draining the swamp and narrowing the income divide, he is greatly acceleration income and wealth disparity within the republic. It's pretty hideous stuff, as if we haven't been screwed over enough the last 3 decades since Reagan and the whole "trickle down" charade.
 
ttwtt78640 said:
Describing anything that congress critters (can or did) change as permanent or temporary is assuming that future congress critters somehow then lack the ability to make changes in that same area. Obviously, that is not the case for the federal income tax code since it is being (proposed to be) changed yet again and with only a simple majority vote.
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There's no guarantees of Congress making things better down the road.

We have a massive permanent tax cut for corporations, and a short term temporary tiny claimed tax cut for individuals. That is the reality.

And to be honest, the claimed small temporary individual cuts are dubious in claims.

So tell me this: Why are the individual cuts temporary, and the corporate cuts permanent?
 
SenorXm/Sirius said:
Yep, and yet again the Trumpsters who SWORE they voted for Trump because they were tired of the establishment and the elite running the country and the political parties come out of the woodwork to defend the establishment Republican and elitist agenda.

LOL
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If this deal goes through, Trump is estimated to walk away with just over $1B!

The swamp has become a cesspool.
 
Chomsky said:
There's no guarantees of Congress making things better down the road.

We have a massive permanent tax cut for corporations, and a short term temporary tiny claimed tax cut for individuals. That is the reality.

And to be honest, the claimed small temporary individual cuts are dubious in claims.

So tell me this: Why are the individual cuts temporary, and the corporate cuts permanent?
Click to expand...

Games are being played so that congress critters can use rules that require only a simple majority vote. The "Bush" tax rates were called temporary, yet lasted beyond their (10 year?) "limit" and then the "Obama" tax rates were 98.6% the same as the "Bush" tax rates that they "replaced". Rest assured that federal income tax rates (as well as the deductions, credits and exclusions) will change again whether (or not) they are called permanent or temporary.
 
Chomsky said:
If this deal goes through, Trump is estimated to walk away with just over $1B!

The swamp has become a cesspool.
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That's a very big if of course....

Are you ready to join me in declaring Washington in need of a complete overhaul?
 
ttwtt78640 said:
Games are being played so that congress critters can use rules that require only a simple majority vote. The "Bush" tax rates were called temporary, yet lasted beyond their (10 year?) "limit" and then the "Obama" tax rates were 98.6% the same as the "Bush" tax rates that they "replaced". Rest assured that federal income tax rates (as well as the deductions, credits and exclusions) will change again whether (or not) they are called permanent or temporary.
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Same BS, different day.

At some point we are going to have to fix the place.
 
ttwtt78640 said:
Games are being played so that congress critters can use rules that require only a simple majority vote. The "Bush" tax rates were called temporary, yet lasted beyond their (10 year?) "limit" and then the "Obama" tax rates were 98.6% the same as the "Bush" tax rates that they "replaced". Rest assured that federal income tax rates (as well as the deductions, credits and exclusions) will change again whether (or not) they are called permanent or temporary.
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Why are the corp rates permanent, but ours temporary then?

And the Bush tax cuts were only partially extended. The top rate reverted back.
 
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