GOP class system: 3rd—Poor people: take away all government assistance 2nd—Wage earners: make them pay full tax rates 1st (tie)—Investors/business owners: give them special reduced tax rates 1st (tie)—Corporations: even lower tax rates 1st (tie)—Wealthy heirs: millions tax-free
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That is not the GOP class system. That is the current tax code. The tax code is actually a series of incentives. It rewards the behavior those who wrote the tax code want to see. E.g. mortgage interest deduction. Those in tier 1 have simply used the code to their benefit.
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Name one Democrat who does not fully utilize the "evil" tax code to its full advantages?
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I don't think you quite understand the tax system. The tier 1 people all pay reduced tax rates on certain types of income, while wage earners pay full tax rates on their income. This has nothing to do with deductions.
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The big change in the new tax bill is the provision that allows owners of pass-through businesses to pay taxes on just 80% of their income. If I'm a wage earner who makes $100K, I pay taxes on $100K. If I'm a pass-through business owner who makes $100K, I pay taxes on just $80K.
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The existing tax system already has lower rates for dividends and capital gains (including carried interest). So the new pass-through provision creates yet another provision that lowers the tax rates for investors. Ordinary workers don't get similar breaks.
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Exactly. The code incentivizes certain behavior. Ordinary workers can behave in a way that provides tax incentives. Or they can stay ignorant and complain on social media how unfair everything is.
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We need to Take Our Country Back. All Yes voters must be voted out of office.
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I can't believe these people in congress
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those who vote in favor of it are not representing the people but rather themselves and their party, handing
#Trump what he wants. DisgracefulThanks. Twitter will use this to make your timeline better. UndoUndo
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Then you'll come to the conclusion that those vote against are good guys, right? I expect non-stop news written for the next few days.
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The next step is for the Americans (who are awake) to plan to vote as many out of Government as possible. What's happening is a big payoff to rich donors & corporations with a few temporary crumbs thrown at citizens to appease them. We can't stand for this...
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Why don't you track how awful your reporting is lol
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GOOD then you'll have a record when this brings prosperity to America you can pull it out and show which party against Americans prosperity
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No to the
#GOPTaxScam !!!Thanks. Twitter will use this to make your timeline better. UndoUndo
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