Posted on 11/04/2017 6:33:58 PM PDT by Jim Robinson
Then these figures are MEANINGLESS and USELESS...as I stated !
There is NO bracket that is 8%; NONE !
And it is extremely doubtful ( impossible! ) that 99.9% of Freepers have a taxable income of $90,000 or less.
In NYC, a married couple, with the wife being a teacher and the husband a firefighter would have a taxable of income of at least $100,000.
Many of your fellow FReepers, all over this nation have all kinds of different jobs, with different incomes. Painting with such a broad brush, as you do, is wrong; no matter what the topic !
This whole proposition is a POS and stinks on ice!
The top 20% pay 95% of ALL Fed taxes...NOW! These are the people who are getting hit the most and yet, this is supposed to somehow "increase" spending and boost the economy? It doesn't work that way at all...less money bin the pocket...less spending and less investments!
It's not just the extremely wealthy who get hit; it's also middle class folks!
And yet the people who pay no or very little Fed tax are going to get a BIG increase in "refunds". HUNH????
NOBODY SHOULD PAY ANY ATTENTION TO YOUR POSTS; THEY ARE NOT VALID!
Just you wait, diddums, I b et that there IS stuff in this TAX INCREASE proposition, that is going to hit you and hit you hard...unless you have so low a taxable income, that the Fed sends you money you don't deserve to get!
For example...the supposed doing away with the death tax doesn't start for many years and once it does, it is on a sliding scale until it reaches the full amount. And it does NOT reach the supposed full repeal, for many more years after that; nor is it written so that it is permanent.
As with the promised repeal of ObamaCare...nothing changes for the better and nothing "good" comes to fruition.
I guess you didn't go to the calculator site and actually look through it - lots of FReepers are retired and married, perhaps the 99+% was off but you seem to have deeper issues so I'll leave you to them....Since you assert that so many are making so much, perhaps you would be interested to know there is a FReepathon going on - here's a handy link...
Hubby has extra with held from his pension, we might break even or get a couple hundred back.
Having no debt, and a little income on top of SS and Military Pension, which should not be considered income, push us to that 25% RANGE, we are being punished for being good Stewards of what little money the state and feds allow us to keep. What are people going to do if their is a Monetary collapse again that was bigger than the last one? Because the Feds will increase taxes on those with over $100K and up first, then that will slow the economy and create wide spread unemployment, especially in the service sector like restaurants, fast food, tourism, appliances, cars, etc.
Get an EMP attack any car/electronics before 1980 will be worthless.
I may be a Senior, I’m not STUPID. Plus being the wife of a Ret. SCPO you learn things the general public is blissfully ignorant of.
God only asked for 10 percent. Why should Washington ask for more_
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