Tax Reform Under Trump 2017


#2232

#2233

I overheard similar things yesterday while hanging out in a racist coffee shop.

(not really)

I do believe people notice things like tax refunds. Trump will shed at least some support over this.


#2234

“I fall just above a tax bracket”. Are republicans congenitally unable to understand how marginal rates work?


#2235

Ayup.


#2236

To be fair, that deficiency is not a liberal/conservative thing, whatsoever.


#2237

Yeah. This has nothing to do with politics. The general public doesn’t understand marginal tax rates. If they didn’t encounter it during their educational years, and most don’t, they just don’t put any effort into understanding it, regardless of party or even age it seems.


#2238

They should shut up and be happy for all the corporate stock buybacks and the Koch and Mercer tax relief. #MAGA!!


#2239

Lack of understanding may not be idealogical, but there is an idealogical push to make sure people continue to be ignorant. To wit:


#2240

*not technically your money unless you are part of the top 0.1%


#2241

*doesn’t technically belong to AOC/Warren/Dems, but to the duly elected Congress that represents the interests of the society at large that allows egregious amounts of wealth to be accumulated in the first place


#2242

I kind of grind my teeth every time I come across this. We as a society face a lot of really complex problems and it would sure be nice if people put a tad more effort into understanding them.


#2243

I think we will be getting back about the same as last year, maybe a bit more? Definitely not a noticeable “cut” like we were promised. Got married though. The doubled standard deduction simplifies things a lot in filling things out.


#2244

I think we refer to them as “diners”.


#2245


#2246

I was just about to post this in another thread.

Who would have thought that the 99% would prefer a policy that only effects the 1%… or at least the 70% that aren’t deluded that they might be part of the 1% some day.


#2247

This is honestly what the Democrats should have been pushing for a while

Don’t worry about tax changes that are at all debatable. Don’t talk about anything under a million bucks a year.

Go for the super top. Because arguments against taxing the ultra rich end up sounding real dumb.

They’ve always gotten hung up in arguments about taxing wealthy folks… just side step that. Don’t even worry about it. Just tax the folks with millions of annual income.

It won’t get you as much additional revenue… But it will still get you a big chunk of money.


#2248

I mean, you can see it in the polls, the AOC proposal of 70% marginal tax above 10 million has 64% support, but the Warren proposal is 70%.

It is REALLY difficult to argue with Warren’s proposal. 2% tax on those with estates of over 50 million? Buy one less Picasso for your yacht, and we get more money for roads and schools? (and fucking border security while we are at it)


#2249

You’ll take that Picasso off my yacht over my dead body!


#2250

Unless it’s the estate tax, and then suddenly everyone dreams about that ultra rich uncle they don’t know about leaving them money.


#2251

We must always remember that poor teacher making $50k that just inherited $50M and will have to pay tax on it. TAX! Socialism!!