Can you guys explain some Trump things to me?

[sheepdogs1]

The taxes helped the 1% while increasing our national debt, which Trump said he’d eliminate.

Did the highest tax rate drop 2%. Did lower and middle income taxes drop the same. Only the 1% benefited.

 

[BCSooners]

Did the highest tax rate drop 2%. Did lower and middle income taxes drop the same. Only the 1% benefited.

I make $500 million/year getting taxed 2% more & you make $40,000/year, who benefits more?

 

[sheepdogs1]

I make $500 million/year getting taxed 2% more & you make $40,000/year, who benefits more?

Not what was asked. There's a thing called relativity. Apply it. Middle and lower income had more purchasing power, which is either a good thing or not, and if you see it as bad then have at it. Common sense dictates the wealthy relied less on the money saved than those at the lower and middle income classes.

 

[SoonerBounce13]

So I’ve been out of pocket this week.

So the news (local) just ran a story on how it was incorrect that Biden said he wants to defund the police.

Then they showed a clip of Biden saying he wanted to move funds away from police to social services as proof that he doesn’t want to defund the police

What the hell am I missing?

 

[BCSooners]

Not what was asked. There's a thing called relativity. Apply it. Middle and lower income had more purchasing power, which is either a good thing or not, and if you see it as bad then have at it. Common sense dictates the wealthy relied less on the money saved than those at the lower and middle income classes.

It’s exactly what you illustrated Word Vomit.

 

[sheepdogs1]

So I’ve been out of pocket this week.

So the news (local) just ran a story on how it was incorrect that Biden said he wants to defund the police.

Then they showed a clip of Biden saying he wanted to move funds away from police to social services as proof that he doesn’t want to defund the police

What the hell am I missing?

Is this the same man who exclaimed he was running for the senate less than 5 months ago?

https://www.youtube.com/watch?v=WqS4m-8B4IQ

 

[WTSooner]

[*]New tax plan that actually makes sense (I suggest all of you read it)

Translation: stick it to the middle class.

[*]Community Colleges and Trade Schools Free

You know as well as I do that nothing is free. In short, more taxes.

[*]Option to buy into Medicare

Oh, goody! Add to the burden of keeping healthcare coverage for the elderly solvent.

[*]Implement known bipartisan fixes for Obamacare

If the Dems win the house and the senate, bipartisan fixes will be obsolete. Remember how well that worked when Obamacare was passed?


[*]Make peace with Iran and Cuba

Obama tried buying peace with Iran and he failed miserably!



[*]Make peace with the EU

I didn’t know we were at war with the EU.



[*]Get into a constructive relationship and competitive relationship with China

Meaning bend over and let them have their way with us? Will they have to furnish their own Vaseline?


[*]Strengthen democracy at home and enhance relations with Europe

Left wing radicals are the biggest threat to democracy at home. For the record, I see you as a left wing liberal. You haven’t reached the radical stage yet.

Europe is the least of our worries. Most of the countries in Europe are our friends

I was about to reply and say the same things. Good post!

 

[WTSooner]

The taxes helped the 1% while increasing our national debt, which Trump said he’d eliminate.

I've already said this is BS. Taxes went down for just about everybody. Oddly, it's the upper middle class, those families making let's say $300-600k a year, that got negatively impacted. Below that? Just about everybody is paying less taxes. So please stop saying it was a tax break for the 1%. It wasn't. Or it wasn't exclusively.

 

[sheepdogs1]

It’s exactly what you illustrated Word Vomit.

You have a peculiar method for revealing your lack of understanding, but carry on wayward son. A "penny saved is a penny earned" means more to lower income individuals than those with higher incomes. The concept is an easy get. Thanks for crapping on those with less.

 

[BCSooners]

I've already said this is BS. Taxes went down for just about everybody. Oddly, it's the upper middle class, those families making let's say $300-600k a year, that got negatively impacted. Below that? Just about everybody is paying less taxes. So please stop saying it was a tax break for the 1%. It wasn't. Or it wasn't exclusively.

I’m in the lower/middle class. I got about $300 more for the whole year. Billionaires received tax cuts saving them millions. All this while we get further in debt.

 

[BCSooners]

You have a peculiar method for revealing your lack of understanding, but carry on wayward son. A "penny saved is a penny earned" means more to lower income individuals than those with higher incomes. The concept is an easy get. Thanks for crapping on those with less.

Yeah I’m a teacher so that higher income doesn’t apply to me. But let’s let the billionaires save more money while we get further in debt & public services are stagnant.

 

[SoonerBounce13]

I’m in the lower/middle class. I got about $300 more for the whole year. Billionaires received tax cuts saving them millions. All this while we get further in debt.

Look at it from a percentage standpoint maybe?

You saving 300 dollars on a 30k salary is equivalent a 10 million on a billion dollar salary

 

[sheepdogs1]

Yeah I’m a teacher so that higher income doesn’t apply to me. But let’s let the billionaires save more money while we get further in debt & public services are stagnant.

Sometimes debt occurs because crap happens such as Covid or banks failing. The interest to be paid on these epic occurrences alone dwarf the increased debt from other sources.

 

[thebigabd]

I’m in the lower/middle class. I got about $300 more for the whole year. Billionaires received tax cuts saving them millions. All this while we get further in debt.

I am in the upper middle class, and received a tiny tax break. Very wealthy people received a very large tax break. The other thing you aren't factoring in is other tax breaks targeted at that particular group. Corporate tax down, higher tax brackets down, didn't address the income cap on social security, etc.

I think I've gone over this before, but the point of the tax cuts wasn't to give people like us a tax break. He's intentionally trying to make corporations and extremely wealthy people even more wealthy, and make the US a more attractive place for big business.

If the goal was to give people like us a tax break, he would increase the top tax brackets and drastically offset middle class tax brackets to make up for lost tax revenue. He didn't do that. They moved it 1% to sell it as a middle class tax cut, but nobody increased their quality of life in a significant way with a 1% tax cut. As someone mentioned above, they got $300 for the entire year. That is $25 a month. The impact of that is he can basically go to Chili's one more time a month, if he doesn't order an appetizer or a cocktail, and leaves a crappy tip.

It's not like it's a big secret who the tax breaks were for... Not sure why it's so hard to just call it what it is. It was a business tax cut, as part of typical GOP ideology of trickle-down economics. Tax the masters of universe less, reduce public services, and hope the enormous concentration of wealth into a few hands trickles down. That is the belief system in a nutshell.

 

[sheepdogs1]

I am in the upper middle class, and received a tiny tax break. Very wealthy people received a very large tax break. The other thing you aren't factoring in is other tax breaks targeted at that particular group. Corporate tax down, higher tax brackets down, didn't address the income cap on social security, etc.

I think I've gone over this before, but the point of the tax cuts wasn't to give people like us a tax break. He's intentionally trying to make corporations and extremely wealthy people even more wealthy, and make the US a more attractive place for big business.

If the goal was to give people like us a tax break, he would increase the top tax brackets and drastically offset middle class tax brackets to make up for lost tax revenue. He didn't do that. They moved it 1% to sell it as a middle class tax cut, but nobody increased their quality of life in a significant way with a 1% tax cut. As someone mentioned above, they got $300 for the entire year. That is $25 a month. The impact of that is he can basically go to Chili's one more time a month, if he doesn't order an appetizer or a cocktail, and leaves a crappy tip.

It's not like it's a big secret who the tax breaks were for... Not sure why it's so hard to just call it what it is. It was a business tax cut, as part of typical GOP ideology of trickle-down economics. Tax the masters of universe less, reduce public services, and hope the enormous concentration of wealth into a few hands trickles down. That is the belief system in a nutshell.

The change in the effective tax rates was dependent on income, but some middle class workers received more of a tax break than others for it was not equal across the range. Also, not everyone in lower tax brackets received the same reduction in tax burden because of things like filing jointly or as an individual or child credits and such. In retrospect, some did better than others within the same class.

 

[BCSooners]

Sometimes debt occurs because crap happens such as Covid or banks failing. The interest to be paid on these epic occurrences alone dwarf the increased debt from other sources.

The debt was increasing rapidly before Covid.

 

[BCSooners]

Look at it from a percentage standpoint maybe?

You saving 300 dollars on a 30k salary is equivalent a 10 million on a billion dollar salary

On a numbers standpoint those are equivalent, in life it’s laughable.

 

[sheepdogs1]

The debt was increasing rapidly before Covid.

The interest on the debt alone from the financial meltdown as Obama was taking office and Covid will dwarf any debt increase you speak of and this is with interest rates being close to zilch.

 

[SoonerBounce13]

I am in the upper middle class, and received a tiny tax break. Very wealthy people received a very large tax break. The other thing you aren't factoring in is other tax breaks targeted at that particular group. Corporate tax down, higher tax brackets down, didn't address the income cap on social security, etc.

I think I've gone over this before, but the point of the tax cuts wasn't to give people like us a tax break. He's intentionally trying to make corporations and extremely wealthy people even more wealthy, and make the US a more attractive place for big business.

If the goal was to give people like us a tax break, he would increase the top tax brackets and drastically offset middle class tax brackets to make up for lost tax revenue. He didn't do that. They moved it 1% to sell it as a middle class tax cut, but nobody increased their quality of life in a significant way with a 1% tax cut. As someone mentioned above, they got $300 for the entire year. That is $25 a month. The impact of that is he can basically go to Chili's one more time a month, if he doesn't order an appetizer or a cocktail, and leaves a crappy tip.

It's not like it's a big secret who the tax breaks were for... Not sure why it's so hard to just call it what it is. It was a business tax cut, as part of typical GOP ideology of trickle-down economics. Tax the masters of universe less, reduce public services, and hope the enormous concentration of wealth into a few hands trickles down. That is the belief system in a nutshell.

It was designed to incentivize corporations from going over seas AND to lower taxes to lower and middle class. And the proof is in the pudding.

 

[BCSooners]

The interest on the debt alone from the financial meltdown as Obama was taking office and Covid will dwarf any debt increase you speak of and this is with interest rates being close to zilch.

We’ve increased more under Trump than any president other than Obama. Difference is Obama pulled out of a recession, Trump inherited a strong economy.