View Single Post
Old 09-05-2024, 10:47 PM   #32
sdskinsfan2001
Living Legend
 
sdskinsfan2001's Avatar
 
Join Date: Sep 2010
Location: Hanahan, South Carolina
Age: 41
Posts: 20,388
Re: The Last 4 Years.

Quote:
Originally Posted by Darrell Green Fan View Post
We all felt the inflation. But that has ended, the rate adjustments did exactly as intended. Are you even aware that post COVID every country in the world had big inflation? If you look at the rankings the US is far far down the list.

Are you even aware of this?

https://tradingeconomics.com/country...inflation-rate

So blaming the Biden Administration for our inflation when it was a global problem is unfair and off the mark. What else you got? The much anticipated recession never happened. While I do not believe the President has a lot to do with the stock market Trump's claim that our 401's will be cut in half under Biden simply did not happen. Have you checked your balance lately?

Kamala's plan is to lower tax burdens on the middle class where Trump will try again to give tax breaks to the uber rich such as himself. Are you really OK that you pay more in taxes than Donald Trump does? Really? He agreed with Elon Musk about firing striking workers.

He will not help you and your family. That is a false narrative he has sold to you and others.
How is she going to accomplish this plan? And I use the words "her plan" fast and loose.

80% of Americans got a tax cut with the Trump tax cuts. If you don't agree with tax cuts at all, fine, but don't keep pumping the lie that only the rich benefited. A majority of American's got to keep more of their own money with his tax cuts.

https://www.washingtonpost.com/polit...umps-tax-cuts/

Because there are far more people in the middle class, there are fewer dollars to share per taxpayer when the savings from a tax cut are divvied up. The nonpartisan Joint Committee of Taxation estimates that 572,000 taxpayers will file returns with an income category of more than $1 million, compared with more than 27 million in the $50,000 to $75,000 category and almost 70 million in the under-$50,000 category.

If the wealthy end up with more money because they pay more in taxes, that’s not necessarily a fair way to look at tax legislation. The top 1 percent in 2014 earned 20 percent of adjusted gross income and paid nearly 40 percent of federal taxes, according to the Tax Foundation. The Tax Policy Center estimates that in 2018, the top 1 percent would get 20.5 percent of the tax cuts.

Moreover, when both the Joint Tax Committee and the Tax Policy Center looked at the impact of the tax bill, they concluded that in 2018, most people would see an overall reduction in taxes. The Tax Policy Center found that 80.4 percent of all taxpayers would have a tax cut, compared with about 5 percent experiencing a tax increase. In the middle quintile, 91 percent would get a tax cut, averaging about $1,090, with 7.3 percent facing a tax increase averaging about $910.
__________________
"You can be my wingman anytime."
"Bulls**t. You can be mine."
sdskinsfan2001 is offline   Reply With Quote

Advertisements
 
Page generated in 1.40491 seconds with 10 queries