The Campaign For DA

12.19.2017

Raise Your Hand Wise County If You Fit Into That Demographic

What a tone deaf goofball.

And you guys understand that even personal tax cuts will slowly be cut back each year (called "sunsetting") while corporate tax cuts are permanent? #TheBigCon




43 comments:

Anonymous said...

If you are at $50,000 as a family, then small cut this year, but in year two a significant increase. Bait & switch.

DF H & R Block

Anonymous said...

When is Barry moving?

Anonymous said...

ISIS ROUTED
ECONOMY ROARING
TAX CUTS COMING - YES FOR ALL OF US MIDDLE CLASS WE WILL PAY LESS
OBAMACARE GUTTED
CHINA CONFRONTED
GORSUCH CONFIRMED
ENERGY UNLEASHED
JERUSALEM CAPITOL
EXTREME VETTING
MEDIA EXPOSES
COURTS PACKED
REGULATIONS SLASHED
COPS/VETS SUPPORTED

Anonymous said...

12:48 - A family with a $50,000 income won’t pay any federal taxes. They might even get a “refund.”

wordkyle said...

First of all, let's remember that any discussion of tax cuts is about allowing Americans to keep more of their own money, not the government "giving" anyone anything.

Second, let's remember that tax cuts benefit those who pay taxes; those (like most lower-income Americans) who don't pay taxes by definition won't enjoy a tax "cut."
(And we're only talking about income tax, so hold all the "yeah, but what about...?" nonsense.)

Next, according to NPR's analysis, "...the bill changes tax rates across income brackets, increases the standard deduction, and increases the child tax credit..." for several years. Hardly a tax increase. The Tax Policy Center says "the legislation would reduce taxes on average for all income groups in 2018 and 2027."

Finally, of course politics plays into this whole thing. All of the "sunsetting" gripes exist only if Congress doesn't renew the Republican tax cuts. Republicans, as the creators of the cuts, will be inclined to renew them by 2025, whereas Democrats will be forced (maybe) to either increase taxes or vote with Republicans.

Anonymous said...

Not a lot of folks making that kind of money in Wise County

Fascinating data set here:

https://datausa.io/profile/geo/wise-county-tx/#category_wages

Anonymous said...

Barry...your view of politics skews things beyond reason. Instead of listening to the talking heads, why not take actual examples and form an opinion from there. I took the info from my 2016 tax returns and estimated taxes for 2018, assuming things are relatively unchanged. There is little change on my personal tax return but there is a marginal savings on my corporate return. This savings will allow for better raises/bonuses or added personnel, if needed. I used that same info for my kids, one married with children and one single. Both have reasonable, middle class incomes. For the married filing jointly with dependents, their tax bill will be 22% less and for a single filer, her tax bill is 17% less. Sounds to me the tax bill is doing what it was intended to do.

Anonymous said...

"No member of Congress should be eligible for re-election if our country's budget is not balanced---deficits not allowed!"

- Donald Trump

https://twitter.com/realdonaldtrump/status/230400303349002240

Anonymous said...

1:27 - but my paycheck has tax withholding every two weeks. yes, when i file i get refund. but feds have it for year. so game of pulling it out my pocket then putting it back in is still a pain. Current admin is doing me no big favors.

DF H & R Block

Anonymous said...

Impeach 45!! Stay Woke!!!

Patty Cakes said...

Folks who make less than 50k absolutely pay taxes and fees (a flat tax) and some, i am not assuming, pay income taxes.

This reform is nothing but another step in the unstated goal of bankrupting the government, while lining the pockets of the rich at the expense of the common worker.

Anonymous said...

2:07---------

Where do you get off coming in here and speaking in that informed, polite and reasonable manner. And wondering why our partisan hack host won't do the same? HAHAHAHAHA!!! Are you new around here? Barry is the Wise County King of Liberal Disinformation Designed to Prove How Evil Trump Is.

wordkyle said...

"...lining the pockets of the rich at the expense of the common worker." How so, if the "common worker" is getting a tax cut?

Anonymous said...

2:32-------------

That's straight up horseshit. You're either dumber than aforementioned horseshit or incapable of looking at the world objectively due to your severe case of HOER (Hysterical Over Everything Republican). Take off the blinders and go to work, dumbass. Everything will be okay. The evil rich people aren't coming for your firstborn, (Is that all one word?)

SpanishWarDonkey said...

How much is "...reasonable, middle class..." in your example?

Anonymous said...

Patty, spoken like a true liberal weenie snowflake. Stay Woke!!

Anonymous said...

If you ever wondered if it was Clinton or the Republicans who forced the gov't shutdown in order to balance the budget, all you have to do is look at this bill and its impact on the budget. I know some on here have argued till they're blue in the face that the Republicans backed Clinton down, but this clearly shows that Republicans could not care less about balancing the budget.

I really don't care about it. I'm going to make out like a champ, and I'm not going to hire anyone else or give them a raise they wouldn't already have gotten. And if you think corporations are going to go out and hire more people or give more raises, you're either stupid or you're just a liar. They will increase manager salaries and dividends. Period. This is a tax version of trickle-down economics, which is universally accepted by honest economists as a fallacy.

But like I said, I've got a couple of pretty nice trips coming up this year, and I'll just add another one to them while the people I have hired keep working at the same pay rate, because if they don't like it, they can leave. I hear MsChief is hiring landscape engineers, and distributes her vast wealth generously.

Rage

Anonymous said...

Tax cut, 4th quintile (where a decent chunk of Wise Co is)
2018 - $1,810
2025 - $1,680

Tax cut, top 0.1%
2018 - $193,380
2025 - $252,300

Still the right thing to do?

Tax Policy Center analysis of GOP tax plan
http://www.taxpolicycenter.org/publications/distributional-analysis-conference-agreement-tax-cuts-and-jobs-act

Wordkyle's CPA said...

A MARRIED COUPLE LIVING IN A REGISTERED CULTURAL HERITAGE SITE EARNING $87,000 WORKING NIGHTS AND WEEKENDS AT DOLLAR TREE WITH A SON RECEIVING $20,000 FROM A CONFEDERATE WAR WIDOW PENSION AND A DAUGHTER WHO IS "NIGHT COURT" CO-STAR MARKIE POST PLUS AN INDUSTRIOUS DOG THAT DRIVES AN UBER BLACK (AIRPORT RUNS ONLY) MAKING $15,132 REGISTERED AS A THIRD-COUNTRY BLIND NOMINEE PASS-THROUGH CORPORATION WILL RECEIVE A TAX CUT OF 17% UNDER THE NEW MIDDLE CLASS TAX RELIEF AND DISCOUNT VAPE JUICE ACT OF 2017 #TAXPLAN #MAGA

wordkyle said...

414 - First of all, your numbers don't match what I read in the report. Can you cite what page of the report you got them?

But disregarding minor details, what's your point? That when tax cuts are applied across the board, those who pay more in taxes will save more? Ten percent of a million dollars is more than ten percent of a thousand dollars. That's just math, not policy.

Remember, no one is being given anything. They're simply keeping more of their own money.

Anonymous said...

Rage, I'm glad Obammy's economy is allowing you to take nice trips. Now get back to work, those fries aren't going to cook themselves.

Anonymous said...

Rage...2:07 here. I am assuming your middle paragraph was directed at me since it addressed specifics of my post. You should note I said I would add personnel "if needed." As for the bonuses/raises, I spoke only of the corporation I control and did not attempt to speak for anyone else. From my post, how can you possibly say I am either stupid or a liar? You have no idea who I am or how I conduct my business but it is evident from your post who and what you are. You brag about the trips you are going to take on your tax cut and openly display your greed. I would not expect anything different from a run of the mill attorney, you are sadly the norm of that group. It would be interesting if we compared passports. The main difference is I know my travels are made possible by the employees I will happily give raises and bonuses to. If you are happy being a greedy, name calling turd, to each his own.

Anonymous said...

4:14...your comparison is meaningless without knowing percentages of income. You need to pay closer attention to the decimals in that stat. For the lower wage earners, this represents somewhere between 5-7% reduction. To be in the .1% (.001), you have to earn upwards of $62,000,000 per year and their tax reduction is .41% (.0041). Sounds like the top earners are getting screwed in this deal.

Anonymous said...

Taxation is theft! I don't know why you people make it any more complicated!

Bear said...

4:14

So if I make too much money, you don't think I'm allowed to keep more of it?

I should be sending all my money to Washington so they can spend it better than I can. I get what they think I deserve.

When does the government start tightening its belt like the rest of America has been doing for many years.

If they want more money, stop wasting so much of mine.

Anonymous said...

4:14 - We’re only visiting this dimension anyway. It’s all just numbers man.

Anonymous said...

If a married couple with half a brain and a little motivation can't pull down 100K between them, then they need to try a little harder. And there are plenty in Wise that fit that demographic you condescending prick.

Anonymous said...

By increasing the standard deduction and taking away my student loan interest deduction it's a wash for me for now. However when the standard deduction starts to go back down and I'm still paying my student loans I lose.

wordkyle said...

707 - Your calculations are interesting. From what I understand, the maximum student loan interest deduction is $2500. The standard deduction will increase from $6350 to $12,000 for single filers. So right now you'd lose $2500 in deductions, but gain $5,650.

Can you explain how you conclude that this is a "wash?"

Anonymous said...

BG: The example you give here is one of 4 scenarios Cornyn gives. You pull out the one that doesn't fit much around here, use the typical lib technique of name calling Cornyn tone deaf, and don't mention the other examples that he gives.
Cool!

Here is one of the others:

Senator John Cornyn‏Verified account @JohnCornyn
11h11 hours ago

Under #TaxCutsandJobsAct the typical family of four earning the median family income of $73,000 will receive a tax cut of $2,058, a reduction of nearly 58 percent.

I don't know how many families of 4 there are are in Wise Co. that earn $73,000, but I'll bet it's more than in the example you chose to use, without mentioning that there are other example given.

Anonymous said...

Had a not rich conservative tell me once he did not mind paying more tax if wealthy people could keep more of their money.
Republican power of convincing.

Anonymous said...

Your first $24K earned is tax free. Pretty much everyone in Wise County will benefit. The child tax deduction will also increase.

Anonymous said...

If I make $100k a year, and an Amtrak train is headed west at 50 mph over the speed limit, how many nuclear missiles does North Korea have? Show your work.

Anonymous said...

C'mon folks. Figure the amount of your probable tax cut. If you make about $85,000. You'll get about $48 a week or $6.80 a day more. Whoopie! That's not likely to change your lifestyle a bit. However, the top 1% folks get a 2.5% cut on their multi-million incomes that results in a reduction of several hundred thousand $$$. Now that might allow for a nice extra trip or fancy car. Sure you both get a tax cut but the rich get a much bigger real return.

Nobody likes to pay taxes but that's what we do in a civilized society. Remember someone has to pay the government's bills. Defense alone is over $700 billion this year! And all tax authorities and most all economists agree that this tax bill will further add to our deficit. The claims for increased employment and/or higher wages are unlikely to meet hoped for levels.

This tax change is just a scam benefiting the very rich and big corporations.

Anonymous said...

To the 11:49 anonymous, that's an additional 2.9% of that person's salary they get to keep. Seems like they are getting a proportionally better deal. And if you are just talking about tax savings it is even higher considering your example appears to reflect after-tax savings.

wordkyle said...

1149 - A couple of questions: #1 Where did you get your numbers? You're very specific, so it would be nice to know your source. #2 If, in fact, the "top 1%" get a 2.5% tax cut, what percentage is the cut for your first ("$48 a week") example? #3 The last sentence of your paragraph seems to argue with math, not policy. If lower-income taxpayers receive a larger tax cut percentage-wise than higher-income taxpayers, what's your complaint?

And, as always, let's not forget that we're simply talking about Americans keeping more of their own money. The government isn't giving anybody anything.

Anonymous said...

8:45 and wordy - the exact numbers don't matter for the point being made. They claim the "middle class" will get about $2000 - $3000 yearly tax cut while the very rich 1% (like Trump) will get several hundred thousand $ tax reduction. The actual numbers obviously vary but the very rich get richer and middle class get a little more lunch money. Yes, it's their $$, but the rich could follow Buffett's suggestion and forego the cut as they wouldn't miss it in the least.

Anonymous said...

11;49 is too partisan to finish the math. See, $6.80 a day isn't that much money, you're correct. Finish the math. That money is cumulative. How many people making about that are there? The totality of all them, plus those evil rich people's money is actually what an economy is. Breaking it down to one person's one day saving is disingenuous. (Spin, fake news, simple-mindedness, blindly partisan.) I give up, you can't have an honest conversation with a dishonest person.

wordkyle said...

1208 - So because the middle class can't save as much, other people are obligated to simply give away their own money?

Then let's continue your line of thought and encourage you to forego any tax cuts, because there are surely people worse off than you.

(By the way, percentage-wise the middle class is getting richer than the very rich from these tax cuts. Also by the way, your top one percent pays 40% of all federal income taxes, but has only about 20% of the total income.)

Angry Middle Class American said...

The greedy Republicans just added $1.5 Trillion to the national debt and gave it to rich people. They have also thrown a few trinkets to the middle class which will expire pretty quickly, so their tax bill actually goes up after the 2018 elections. They are punishing Blue states who voted against them by taking away their state and local tax deductions. AND, they will try to kill off ObamaCare and kick 13 million disabled and poor people off of their healthcare plans, and use the huge mega-debt deficit they just created to justify cutting medicare, medicaid and their social programs.

Get ready for another big, long and drawn out war, folks. That's in the Republican game book for trying to distract hordes of angry citizens.

F#uck every one of you stupid and/or greedy Republicans.

wordkyle said...

757 - I'm sorry your emotions have taken you over. You apparently have missed the discussion that involved actual facts. You're either misinformed, under-informed, or simply posting misinformation for your own purposes. In any case, your silly diatribe shouldn't be considered by anyone as an actual contribution to the conversation.

Anonymous said...

The greedy Democrats in the previous administration added $10 Trillion dollars to the national debt and gave it to unproductive citizens and illegal aliens. They routinely punished law abiding, productive citizens as the race hustlers and grievance whores pillaged our national dialogue for their 15 minutes of TV time. And nobody's throwing people off their insurance by rolling back an illegal and unconstitutional mandate to make me buy a product that is inferior and that I don't want. Those 13 million may well choose to quit buying something when the coercion is lifted, but that's freedom of choice. Ever hear of that?

Get ready for some serious economic growth and an end to an elitist bunch of bureaucrats telling us all how to live. 8 years of the worst economic growth in our history has come to an end. Your dumb ass should STFU and get out of the way while we rebuild our country.

F#ck every one of you Democrat lemmings who spent 8 years supporting a fraud and ripping the country apart.

There, I fixed it for you.

Anonymous said...

7:57 is a fraud. A Satanic Leftist fraud.