Skip to comments.Middle-Class Incomes Surging -- Thanks to Trump Policies
Posted on 10/17/2019 2:31:23 PM PDT by Brown Deer
1. Middle-class incomes, after adjusting for inflation, have surged by $5,003 since Donald Trump became president in January 2017.
2. These surges in income, have occurred at exactly the time when many liberal economists and media talking heads were shouting recession.
3. These latest income numbers also squarely contradict the claims by Democratic presidential candidates.
(Excerpt) Read more at heritage.org ...
It’s urgent. We must impeach. The working class is getting uppity.
That’s exactly it. I’ve never seem a party (let’s be honest: uni-party) so hell-bent on destroying the middle class. We should be serfs by now but that just wasn’t in this president’s cards!
This is AWESOME NEWS !
Our taxes have gone up like everyone else I know and we are poorer than we used to be like everyone else I know but AWESOME!
It is VERY OBVIOUS TO ME that the middle class in this country is doing better and better, even if it hasn’t really affected us or anyone else we know yet.
MAGA! One day we will make restaurants a part of our lifestyle again because TRUMP IS AWESOME!
How, specifically? Are you 59-1/2 or was there some tax code change wrt 401k?
“Thats exactly it. Ive never seem a party (lets be honest: uni-party) so hell-bent on destroying the middle class. We should be serfs by now but that just wasnt in this presidents cards!”
The proletariat will use its political supremacy to wrest, by degrees, all capital from the bourgeoisie [the middle class], to centralize all instruments of production in the hands of the State, i.e., ... the ruling class .”
[W]hoever conceives of the transition to Socialism without the suppression of the bourgeoisie (middle class) is not a Socialist . [I]t is essential to suppress the bourgeoisie (middle class) as a class.
The destruction of the middle class is an age-old goal of socialist/communists, and now democrats.
An economically-independent, armed, wealthy, free-thinking, entrepreneurial middle class, is the democrats WORSE NIGHTMARE.
Everything they SAY is “for the middle-class” everything they DO is against it.
may I be the first. Winning!
They lowered the tax rate, my bracket became 12%:
And I was able to just barely squeeze in the top end. Had the tax rates not changed, was 22%, I would have left the money in the 401K............................
Plus I was 63 last year, so no penalty for taking the money out!................................
My line item deductions (1040) are still better than the new standard, but I found a new way to pay less taxes make less $$$. In 2018, revenue was off by 20% but effectively >15% taking combined taxes into consideration.
Taxation is definitely a deterrent to productivity. No wonder the Democrat Thug Party embraces it.
Awesome. Now you can reinvest the otherwise mtg payments to yourself instead of interest to someone else.
Interesting decision you made there
It was a squeker!............
“This means that in the 16 years before the Trump presidency, incomes rose by about $1,500 while in less than three years middle incomes have risen three times faster.”
So your income went up.
And you are complaining?
Same income. Under the new Trump tax laws people with high levels of itemized deductions get creamed.
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