tdekany wrote:
Hey, as long as the very wealthy don’t have to pay, all is good. As an FYI, Netflix made $845 million dollar profit and don’t have to pay a penny in taxes.
The issue isn’t that a politician promises tax cuts, the problem is that the people believe it.
Sorry, guys, but I ain’t buying all the whining it just because you said so. Yes, the Big-tax states are the ones likely to hav a small percentage of people paying more....the estimates are in the area of 6% of all taxpayers making about $260,000 year and living in one of six states (yes, Cali is one so I am more apt to lean your way)
This is a good summary....
“Middle-class families already have gotten a down payment on all these tax cuts. A year ago, the
IRS announced revised wage tax withholding tables that gave higher paychecks to hundreds of millions of workers. The rest of the tax cut will likely be realized when these families calculate and file their taxes.0
What’s the bottom line for typical families?
A median income family of four with two kids makes about $80,000 per year. Their income tax burden was reduced from about $4,600 to about $2,300, a
50 percent cut in income tax. A single parent with two kids making $60,000 per year got an even bigger tax cut, seeing her taxes
reduced from $3,000 to $800.Even an individual making $35,000 got in on the fun — his taxes are
cut from $3,200 to $2,600.Let’s pause there to let that sink in. The prototypical family, mom and dad and two kids, got their
income tax cut in half by the Tax Cuts and Jobs Act.”