Trump's Tax Plan

What does Sup Forums think of Trump's tax plan? Does anyone seriously think this is a good idea?

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taxfoundation.org/new-irs-data-wealthy-paid-55-percent-income-taxes-2014/
admissions.oregonstate.edu/undocumented-student-information
opb.org/news/article/oregon-sanctuary-city-state-donald-trump-immigration/
foxnews.com/politics/2017/08/17/oregon-abortion-law-funds-procedures-for-illegal-immigrants.html
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I save money so it's dank

Looks awsome, everyone wins.

how is this not a good thing?

why is 75,300 such a big deal?

>Cutting Taxes while 20 trillion in debt with a 500 billion a year deficit, while increasing military spending

>Not people making 18,000 dollars or less a year

>Or the long term future of America

Found the Jew

I save money
Only parasites are against it

>Muh funding for muh programs

Piss off nigger, you don't deserve what I earn.

That's an extra $30 in taxes? I guess someone making $75,300 could complain if they were truly such a bitch.

The poor niggers who do nothing but shit out welfare babies will get double the money each year but other than that its alright

So what you're saying is, I get a tax cut, huh...

>cutting taxes while already having budget deficit, debt and increasing military spending

Retarded, desu.

...

Is there a spending cut?

If there isn't a spending cut then a tax cut is meaningless and just makes us more indebted to kike banks and the Chinese

It doesn't go nearly far enough in cutting taxes. This is barely noticeable.

If you make 18k a year and pay any taxes you are doing something wrong.

>Raising taxes to solve debt issues
Kill yourself.

I stay in the 25% bracket so it doesn't really do shit to me.

Didn't he also say he was going to close loopholes that rich people exploit?

The vast majority of the US population falls under a "positive impact" or "minimal impact" category. Looks good to me.

In fact a lot of the middle class bracket is getting fucked in the ass with a 5% increase.

Well its a huge cut for the upper middle class.. not really my business but having a -5% cut for 30 - 100k per year would have been more beneficial for more people.

>Spending money to pay off your house
Kill yourself

>>Not people making 18,000 dollars or less a year
You mean societal leeches that don't fucking pay taxes in the first place? Not only the first 24k are tax exempt (they created a zero tax rate) but ...

Pic related is from 2014 [1] but it must not have changed a lot.

1) People with income over 200k have collectively 33% of the total income but paid 61% of the income tax collected
2) Even people making between 50k and 200k (let's call it the middle class), with 53% of the total income paid 46% of the income tax collected
3) The ones making under 50k (let's call it the lower middle class and the poor), despite having 19% of the income of the period, instead of paying had a negative 1% income tax that year.

POOR PEOPLE DON'T PAY TAX! 46% of the income tax burden is on the shoulders of the middle class.
An across the board tax cut is good the the middle class and whoever say "that will hurt the poor" is an idiot: poor people pay no taxes, they are a drain on the system

[1] taxfoundation.org/new-irs-data-wealthy-paid-55-percent-income-taxes-2014/

No, solving the issue would be reforming current tax mess and reducing spending. But I see you are having more fun debating things I never said, retard.

>$500,000 debt
>nothing happens
>$5,000,000 debt
>nothing happens
>$5,000,000,000
>nothing happens
>$5,000,000,000,000
>nothing happens
>$20,000,000,000,000
>nothing happens
Tell me why I'm supposed to care about national debt.

If you make less than 18000 a year you are pleb tier and need to up your damn game

My taxes won't change.

looks ok

Doesn't matter
Senate said they won't pass it

The first half of your income goes from 15 to 12 percent though.

Nobody cares dude go volunteer if you care about the poor so much.

Trump fucking betrayed me.

Found the opioid abusing soccer mom

waaaah im poor

stop being poor

It undermines worldwide stability of our currency. They only reason we keep getting away with it is because whole world believes in our dollar. Such actions undermine that belief.

If they cut or cap the SALT and mortgage deductions it's good. If not it's bad.

this but I'm mildly upset the majority of the tax breaks will be going to kikes, bankers, and rent-seekers. Oh well, middle class once again getting nothing. Same old story for the past 50 years.

>If they cut or cap the SALT
Current plan is to cap it at 10k, already a concession of a total cut

Bullshit, the whole world believes in the dollar because our military will push their shit in if they don't. Increasing military spending and cutting taxes actually creates stability.

>Oh well, middle class once again getting nothing
Where did you get this bullshit? Even the "fact checkers" are called the left for their bullshit

Sure, but why even bother taxing them at that point? Probably costs more in civil servant man hours to review their files than you're making off of them.

That chart doesn't show how the few poor to middle class who get a break, won't see that break last as it phases out over 4 years.

The huge cuts for the rich stay in place.

Raise taxes on the poor and lower them for the rich. A tax plan worthy of a failed reality TV game show host who sold low grade meat at failing electronics stores.

$0 - $24,000 pay 0% taxes, so wrong graphic is wrong

>Not people making 18,000 dollars or less a year
you mean married couples making 18000 a year

and they only get a 2% increase
wooooooow, i'm fucking bankrupt now

Make a quick google search, these tax rates will increase over time.

Not sure what the Donald is doing here. Quick ‘prosperity’ so he can win reelection?

Right, but I doubt they'll be able to do it at all. Republicans from high-tax states want to go on being fag enablers.

>Sure, but why even bother taxing them at that point?
That's why a zero tax rate for income under 24k was created. They actually cost money (see ), damn parasites

Those are not the proposed brackets. The proposed brackets are 0-45K 45K-200K, then 200K+.

It's way, way different from this chart. This was based on his original plan from the campaign.

My personal federal tax liability drops by close to $2,000, close to 20%, between this and the doubled standard deduction.

It's a significant cut. I don't make six figures.

Nigger what, I'm not married, nor am I a poorfag who makes under 25k. Since when is 25k middle class? This isn't portugal m80.

>Republicans from high-tax states want to go on being fag enablers.
I think that concession was to them already. Didn't the house pass it without problems? I believe senate will have a different problem with it, meaning Mr. Tumor + Corker + Flake cockblocking it out of spite.

my taxes go up 5% after they went up under Obummer... I get fucked every time...

Which state do you live and how much you make? Should I assume Cali and 50k to 100k?

Never ceases to amaze me how few people understand how taxes work. "You mean if I earn $99,999 I'm taxed at 25%, but if I earn $100,000 I'm taxed at 28%? WTF?!?!"

Me, at ~110k a year, will have a net reduction of just over $1000 but might fuck me if he gets rid of house interest deductions. But whatever.

>my taxes go up 5% after they went up under Obummer... I get fucked every time...
Same question as . Which state and how much do you make?

Not to mention with said stability and the cutting of regulations, GDP starts increasing

Do you not understand what a progressive tax is? You aren't stuck in a bracket. You're taxed at different rates based on your earnings. The proposed plan your first 45K are taxed at 12 percent.

You also get an automatically doubled standard deduction, so you'll likely get more from that than from itemizing like you might've done in the past. Filing singly, you only pay 12% against 33K, or $3960. Your remaining balance is paid at 25%.

It's a big difference to a hell of a lot of people.

>But Rep. Pete King (R-Long Island) told POLITICO that the change was “a step in the right direction but it’s not enough. It hurts New York,” he said. “I want tax reform … but I don’t believe in subsidizing a tax cut for the rest of the country with money from my constituents.”

I dunno. Maybe they have the votes without people like this.

FL so state taxes are moot, I make about $140-150k depending on bonus

I'm fully aware of how the system works.

What like the honor system? If you don't owe us, don't file!

But do you deserve being protected by the soldiers he pays for ?

almost everyone pays less under trump's plan. trump's plan simplifies the tax process. a few slivers of income will pay a bit more than under current codes. corporate tax will be lowered to attract foreign business and retain american business.

>HAVE YOU SEEN DRUMPF'S TAX PLAN THAT CATERS TO THE SUPERRICH AND UNSCORES THE PROBLEMATIC SYSTEMIC RACISM HE AND HIS LITERAL NAZI REGIME IS NOW INSTITUTING WITH FASCISM?! #resist #BLM #infinitegenders

Doing hwat?

netsec

Tax cuts without cuts to government spending are meaningless. Taxes pay for government, and it's better to pay with taxes than deficits.

It already works under the honor system. They do not have the resources to thoroughly check everyone's files.

>mildly
I'm very upset, I wanted change this time around and nothing fucking again. Leadership will always be fucked I guess

Oregon, roughly 75k yes. tell me more about your intricate knowledge of US tax code and median income portugal, this is quite amusing.

I would say such a tax cut should get people from across the aisle unless they're total retards. Oh, wait, it's the Pelosi democrats

>I make about $140-150k depending on bonus
Pic related are the actual brackets by the House. Aren't your max rate moving down from 28% to 25%? Unless you are doing itemized (and you say you don't have to care about SALT) you should be seeing a tax cut.

The mortgage interest deduction should be done away with. It has more meaningful impact on most Americans taxes than any rejiggering of the rates at medium incomes. It will overwhelm any cuts Trump makes

Its too leftist and keeps they ObamaCare mandate

What concerns me more is corruption and tax dodges and those who fit into the [ + ] part of the 40% catagory.
In a nationalist economy those who are making those sums should be
1) Doing something that actually gets a possive response (makes money)
2) Employing people on those lower brackets to drag them up to the middle (or at least 15% area) while working doing something others give possitive feedback to.
Malmart etc feed off of poverty. Poverty removes agency and prevents you from shopping somewhere that may utilize more time/effort/resources but produce something more fulfilling
How that 10% to 12% increase will affect things that people NEED like housing however...

I view the problem as social desu. America does not do anything of value, apart from in their designated economic safe spaces. The rest is just a wasteland.

While the tax code needs to be "simplified" it shouldn't be a huge give-away to the rich while bankrupting everything else.

Virgins are left anarchist socialist faggots

Capitalists are Chads

wait are you implying that people with more money will save more money when everyone gets an equal tax cut

I didn't have to take math for my poly sci degree but this tells me that drumpf is a nazi

more like nut succ

under these rules yes, under OPs posted chart, no.

Lol we are too far in debt to even fucking party it back.

The tax brackets in 1955 (The peak of the American middle-class)

Did a rough crunch and I'm saving like 4k under Trump's plan, so I love it.

Hold the fuck up
if you earn less than 9.2K you still pay taxes?

That is the most bullshit image I've ever seen on the topic, and I've seen some bullshit images. I'm personally looking forward to my standard deduction being doubled.

Nobody actually paid those high rates

The 50s was prosperous because taxes on the rich were low

Nope. The standard deduction wipes it out.

What is the deduction?

if you take into account literally all forms of taxes, yes, but far less than the middle class and wealthy.

75k-151k joint not changing is soooo fucked.

>You mean societal leeches that don't fucking pay taxes in the first place?
Look up payroll taxes retard

It's a good start, but I'd rather see far more expansive cuts to both government and taxes. One step at a time

No its just trumps plan is cutting entitlement programs for the welfare class.

up to $12,000 for individual and $24,000 for couple is tax free

Itemized or standard deduction? Assuming standard deduction and no wife or kids (as it seems by your sour mood)
If I understood it right:

> 0% on you first 24400 (tax = 0, leaves 51100)
> 12% on the next 20600 (tax = 2472, leaves 30000)
> 25% on your next 30000 (tax = 7500)

Meaning a total tax of 9972 dollars, an effective tax rate of 13%
Now tell me how much you pay and what are actually deducting from it.

Should I assume it is the extorsive state income tax your state levies
> to pay for the cost of in state tuition for DACA and other illegal aliens [1],
> to pay for the cost of state law enforcement **not** cooperating with federal immigration laws [2]
> to pay for the cost of abortions for illegal immigrants [3]

All that while you can deduct it from your federal income tax meaning you are passing this cost to states like Nevada, South Dakota or Wyoming that have no state income tax? If you so you can go pound sand, it is a good thing you cannot mooch on the other states to pay for your illegal alien paradise

[1] admissions.oregonstate.edu/undocumented-student-information
[2] opb.org/news/article/oregon-sanctuary-city-state-donald-trump-immigration/
[3] foxnews.com/politics/2017/08/17/oregon-abortion-law-funds-procedures-for-illegal-immigrants.html

Yeah, that's the bulk of the middle class right there. Should have at least gone down to 20%

First 15k is tax free so the bottom bracket benefits even harder than the graph is saying. Also the less than 10k bracket ONLY benefits despite what the graphics says

Fake news

can someone help me? I make that pleb tier 37.5 as a single. instead of 15% I pay 10% more? that 10% is basically equivalent to my refund every year. did I get fucked?

Your standard deduction is doubled.

The plan is horrible. Raises taxes on the middle class we have left and deducts from the rich as it harms the very poor. Worst tax plan i ever seen.

We're talking about Federal Income taxes retard. Otherwise you could say "well, they pay sales taxes". That income bracket 100% sure receives more in welfare (on aggregate) than they pay in taxes, regardless of which.

They're just mooches and leeches

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