Here who's winning under Trump Tax Law

E

Earl

Well-known member
CNN:

"Winning: Most US taxpayers
The vast majority of American tax filers -- more than 65% -- will see their overall tax burden decrease by at least $100, according to the congressional Joint Committee on Taxation. See page 7 of this helpful analysis.
Slightly less than 30% of filers will see very little change in their tax liability and a small percentage, about 6%, will see an increase. These tax rate cuts for individual filers are not permanent like the corporate tax cuts, but they'll be in place until 2025.

But while most Americans got a tax cut, most people don't seem to understand they got one. According to an NBC News/Wall Street Journal poll out this week, only 17% of Americans think they're getting a tax cut while 28% said they will pay more."

https://www.cnn.com/2019/04/13/politics/tax-reform-winners-and-losers/index.html

Thank you President Trump

Not ONE radical Democrat Socialist voted for the tax law.
 
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The reason for the misunderstanding is the drum beat by the radical Democrat Socialists that "only the wealthy benefited."
 
Of course the radical Democrat Socialists can pay the old higher tax rates if they don't like the lower Trump tax rates.

When donkeys fly!
 
Earl said:
CNN:

"Winning: Most US taxpayers
The vast majority of American tax filers -- more than 65% -- will see their overall tax burden decrease by at least $100, according to the congressional Joint Committee on Taxation. See page 7 of this helpful analysis.
Slightly less than 30% of filers will see very little change in their tax liability and a small percentage, about 6%, will see an increase. These tax rate cuts for individual filers are not permanent like the corporate tax cuts, but they'll be in place until 2025.

But while most Americans got a tax cut, most people don't seem to understand they got one. According to an NBC News/Wall Street Journal poll out this week, only 17% of Americans think they're getting a tax cut while 28% said they will pay more."

Thank you President Trump

Not ONE radical Democrat Socialist voted for the tax law.
Click to expand...


you do love your deficits
 
CNN:

https://www.cnn.com/2019/04/13/politics/tax-reform-winners-and-losers/index.html

"Average red state refunds grew, average blue state refunds shrank
Residents of all 50 states owed less in taxes this year than last. All states that voted for Donald Trump in 2016 saw at least a slightly increased average refund, while only a few states won by Hillary Clinton did."

Thank the Grand Architect of the Universe...and our great president, President Trump.

Of course the radical Democrat Socialists can pay the old higher tax rates, not the new lower Trump tax rates.

Otra vez...when donkeys fly.
 
Earl said:
CNN:

"Winning: Most US taxpayers
The vast majority of American tax filers -- more than 65% -- will see their overall tax burden decrease by at least $100, according to the congressional Joint Committee on Taxation. See page 7 of this helpful analysis.
Slightly less than 30% of filers will see very little change in their tax liability and a small percentage, about 6%, will see an increase. These tax rate cuts for individual filers are not permanent like the corporate tax cuts, but they'll be in place until 2025.

But while most Americans got a tax cut, most people don't seem to understand they got one. According to an NBC News/Wall Street Journal poll out this week, only 17% of Americans think they're getting a tax cut while 28% said they will pay more."

https://www.cnn.com/2019/04/13/politics/tax-reform-winners-and-losers/index.html

Thank you President Trump

Not ONE radical Democrat Socialist voted for the tax law.
Click to expand...

A hundred bucks? Not exactly "the largest tax cut in history".
 
meanwhile right wing suckers who actually pay their taxes get $100 bucks, the uber wealthy get truckloads of cash.....ok morons assume the position here comes daddy

The following is a list of the country’s largest publicly-held profitable corporations that paid no federal income taxes in 2018 on billions in U.S. income, according to ITEP analysis of 560 companies. ITEP reports U.S. income before federal taxes, and takes into consideration paid state and local taxes, which could reduce or increase U.S. income. The report does not look at total tax provision, a number that could include foreign taxes and deferred taxes. All figures, except for tax rate, are in millions.

Company U.S. Income Federal Tax Effective Tax Rate

Amazon.com $10,835 –129 –1%
Delta Air Lines $5,073 –187 –4%
Chevron $4,547 –181 –4%
General Motors $4,320 –104 –2%
EOG Resources $4,067 –304 –7%
Occidental Petroleum $3,379 –23 –1%
Honeywell International $2,830 –21 –1%
Deere $2,152 –268 –12%
American Electric Power $1,943 –32 –2%
Principal Financial $1,641 –49 –3%
FirstEnergy $1,495 –16 –1%
Prudential Financial $1,440 –346 –24%
Xcel Energy $1,434 –34 –2%
Devon Energy $1,297 –14 –1%
DTE Energy $1,215 –17 –1%
Halliburton $1,082 –19 –2%
Netflix $856 –22 –3%
Whirlpool $717 –70 –10%
Eli Lilly $598 –54 –9%
IBM $500 –342 –68%
Goodyear Tire & Rubber $440 –15 –3%
Penske Automotive Group $393 –16 –4%
Aramark $315 –48 –15%
AECOM Technology $238 –122 –51%
Tech Data $203 –10 –5%
Performance Food Group $192 –9 –4%
Arrow Electronics $167 –12 –7%

Source: Institute on Taxation and Economic Policy

The controversial Tax Cuts and Jobs Act, signed by President Donald Trump in December 2017, lowered the corporate tax rate to 21 percent from 35 percent, among other cuts. That’s partly to blame for giving corporations an easier way out of paying taxes, said Matthew Gardner, an ITEP senior fellow and lead author of the report. The new corporate tax rate “lowers the bar for the amount of tax avoidance it takes to get you down to zero,” he said.

“The specter of big corporations avoiding all income taxes on billions in profits sends a strong and corrosive signal to Americans: that the tax system is stacked against them, in favor of corporations and the wealthiest Americans,” Gardner wrote in the report.
 
Perhaps this should be written in crayon for the radical democrat Socialists:

"At least a hundred bucks, for the vast majority of American tax filers -- more than 65%."

My decrease was much more than 100 dollars.
 
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