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GRAPH: how Trump's tax plan will impact single-filers & married-joint filers
Poast new message in this thread
Date: January 1st, 2017 8:05 PM Author: Gay market http://m.imgur.com/I1Rkqmd (http://www.autoadmit.com/thread.php?thread_id=3478690&forum_id=2#32278370) |
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Date: January 1st, 2017 9:26 PM Author: Nighttime Chapel Love Of Her Life This tax plan is pure shit. Don't see the need to raise the bottom bracket and the 28% bracket while eliminating the top brackets, which are historically near the low end in the context of the past 95 years. Don't cut taxes at the top unless you can do so without raising them near the bottom. Ending personal exemptions is pure shit too. (http://www.autoadmit.com/thread.php?thread_id=3478690&forum_id=2#32278937) |
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Date: January 1st, 2017 9:42 PM Author: Insecure startled locus cuckold I think you're missing a lot of the details (http://www.autoadmit.com/thread.php?thread_id=3478690&forum_id=2#32279038) |
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Date: January 1st, 2017 9:45 PM Author: Nighttime Chapel Love Of Her Life Like what? No brackets should rise, period. If that's too expensive, keep the 40% bracket.
Middle class families with 2+ kids will get fucked by this plan. |
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Date: January 1st, 2017 10:18 PM Author: fluffy coiffed locale famous landscape painting That is factually false. (http://www.autoadmit.com/thread.php?thread_id=3478690&forum_id=2#32279340) |
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Date: January 2nd, 2017 7:01 AM Author: Gay market (http://www.autoadmit.com/thread.php?thread_id=3478690&forum_id=2#32280956) |
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Date: January 1st, 2017 10:02 PM Author: scarlet marvelous filthpig jap like the part where trump is capping itemized deductions lmfao (http://www.autoadmit.com/thread.php?thread_id=3478690&forum_id=2#32279186) |
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Date: January 1st, 2017 10:06 PM Author: Insecure startled locus cuckold McMaster does a more detailed analysis below. It's not our job to do all the math for you (http://www.autoadmit.com/thread.php?thread_id=3478690&forum_id=2#32279219) |
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Date: January 2nd, 2017 6:58 AM Author: Nighttime Chapel Love Of Her Life His analysis is shit. When you do the math taxes actually rise for families making less than 60k or so (http://www.autoadmit.com/thread.php?thread_id=3478690&forum_id=2#32280951) |
Date: January 1st, 2017 8:11 PM Author: Gay market (http://www.autoadmit.com/thread.php?thread_id=3478690&forum_id=2#32278437) |
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Date: January 1st, 2017 8:14 PM Author: Gay market (http://www.autoadmit.com/thread.php?thread_id=3478690&forum_id=2#32278465) |
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Date: January 1st, 2017 8:15 PM Author: Razzle crimson set (http://www.autoadmit.com/thread.php?thread_id=3478690&forum_id=2#32278476) |
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Date: January 1st, 2017 8:17 PM Author: Gay market (http://www.autoadmit.com/thread.php?thread_id=3478690&forum_id=2#32278493) |
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Date: January 1st, 2017 8:19 PM Author: avocado wagecucks whorehouse huge for marriedmos shitty for 2nd year biglawyers. (http://www.autoadmit.com/thread.php?thread_id=3478690&forum_id=2#32278527) |
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Date: January 1st, 2017 8:20 PM Author: Laughsome topaz dragon I just came in my pants (http://www.autoadmit.com/thread.php?thread_id=3478690&forum_id=2#32278530) |
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Date: January 1st, 2017 8:29 PM Author: Gay market (http://www.autoadmit.com/thread.php?thread_id=3478690&forum_id=2#32278581) |
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Date: January 1st, 2017 8:31 PM Author: Flickering theater as a marriedmo making $450k+, this makes me wet (http://www.autoadmit.com/thread.php?thread_id=3478690&forum_id=2#32278601) |
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Date: January 2nd, 2017 9:32 AM Author: titillating free-loading milk wrinkle (http://www.autoadmit.com/thread.php?thread_id=3478690&forum_id=2#32281137) |
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Date: January 1st, 2017 8:32 PM Author: avocado wagecucks whorehouse single biglawyers getting fucked on 5% extra on the $80K between $110 and 190. Not seeing any of the benefit of the high bracket cut either.
This reduces the shit marriage penalty at the same margins which is nice. |
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Date: January 1st, 2017 8:36 PM Author: sadistic puce stead (http://www.autoadmit.com/thread.php?thread_id=3478690&forum_id=2#32278643) |
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Date: January 1st, 2017 8:33 PM Author: Shimmering Fanboi Liquid Oxygen So middle class are in the same tax bracket and poor people pay more but no longer get personal exemptions. (http://www.autoadmit.com/thread.php?thread_id=3478690&forum_id=2#32278622) |
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Date: January 1st, 2017 8:35 PM Author: green hell mental disorder Earl gets a nice break tho (http://www.autoadmit.com/thread.php?thread_id=3478690&forum_id=2#32278629) |
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Date: January 1st, 2017 8:35 PM Author: Gay market The rich get richer--that's the law of the land (http://www.autoadmit.com/thread.php?thread_id=3478690&forum_id=2#32278637) |
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Date: January 1st, 2017 8:38 PM Author: sadistic puce stead Really hoping to see some more listings on Indeed due to this. Will probably shell out for LinkedIn JOB SEEKER premium. (http://www.autoadmit.com/thread.php?thread_id=3478690&forum_id=2#32278656) |
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Date: January 1st, 2017 8:38 PM Author: Gay market (http://www.autoadmit.com/thread.php?thread_id=3478690&forum_id=2#32278662) |
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Date: January 1st, 2017 8:58 PM Author: Cerise Irate Kitty Cat But it really doesn't matter for someone paying AMT right? (http://www.autoadmit.com/thread.php?thread_id=3478690&forum_id=2#32278786) |
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Date: January 1st, 2017 9:27 PM Author: Nighttime Chapel Love Of Her Life No more AMT (http://www.autoadmit.com/thread.php?thread_id=3478690&forum_id=2#32278944) |
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Date: January 1st, 2017 9:01 PM Author: fluffy coiffed locale famous landscape painting This graph is egregiously misleading. He will also increase standard deduction to $15k which has a YUGE impact on people making under $150k. (http://www.autoadmit.com/thread.php?thread_id=3478690&forum_id=2#32278803) |
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Date: January 1st, 2017 9:09 PM Author: Shimmering Fanboi Liquid Oxygen Increase SD but do away with personal exemptions. Ends up hurting poor single filers with multiple kids and middle class ppl who itemize. (http://www.autoadmit.com/thread.php?thread_id=3478690&forum_id=2#32278848) |
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Date: January 1st, 2017 9:16 PM Author: fluffy coiffed locale famous landscape painting Link to eliminating personal exemption?
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Date: January 1st, 2017 9:26 PM Author: Nighttime Chapel Love Of Her Life http://www.bakersfield.com/bakersfield-life/money-matters-new-president-new-tax-law/article_c9db1860-da4c-5f33-abc2-124b1b0775ca.html (http://www.autoadmit.com/thread.php?thread_id=3478690&forum_id=2#32278935) |
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Date: January 1st, 2017 9:39 PM Author: fluffy coiffed locale famous landscape painting Okay so only poor families with more than 2 kids will have their total deduction/exemption lowered, and barely if they have only 3 kids. They already pay negative taxes anyway.
A family of 4 with $50k in total income will have their taxable income after the personal exemption and standard deduction now at $20k instead of around $22k now. But their marginal tax rate will be lowered from 15% to 12%. Overall they will pay less taxes.
A single person making $40k a year will now have $25k in taxable income instead of $29.5k, and their marginal tax rate will also drop. Overall they will pay less taxes.
It is ridiculous not to take that into account. |
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Date: January 1st, 2017 9:51 PM Author: Nighttime Chapel Love Of Her Life Huge bonanza for those making $400k+, crumbs for average rust belt factory worker or white collar factory bro with a family to feed. Also your math is off. The 10% bracket is rising too, meaning the family making $50k will see a rise overall. (http://www.autoadmit.com/thread.php?thread_id=3478690&forum_id=2#32279106) |
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Date: January 1st, 2017 10:02 PM Author: Insecure startled locus cuckold Do you have any idea how taxes work? Someone making 415,000 would literally see no benefit. Someone making 500,000 saves like 5,000 which means jack shit to someone making that much (http://www.autoadmit.com/thread.php?thread_id=3478690&forum_id=2#32279179) |
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Date: January 1st, 2017 10:08 PM Author: Disturbing Hospital Bro, the GC cocksuckers who make millions and tens of millions of dollars a year will tremendously benefit. I'm not a fan of this at all.
There is absolutely NO reason to raise any brackets while eliminating the top. |
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Date: January 1st, 2017 10:12 PM Author: Insecure startled locus cuckold I guess. I feel like there are so few people that make 1,000,000 plus in income that are subject to this tax that it's hard to get worked up over. Plus I don't think the "increases" in the lower incomes actually turn out to be increases in overall taxes paid (http://www.autoadmit.com/thread.php?thread_id=3478690&forum_id=2#32279265) |
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Date: January 1st, 2017 10:17 PM Author: fluffy coiffed locale famous landscape painting Yeah libs are cherry picking the pieces of the plan that appear harmful but are actual better for lower income people when taking all of the new rules into account. Makes it easy for these shitheads to create an easy to read chart making the plan look bad. (http://www.autoadmit.com/thread.php?thread_id=3478690&forum_id=2#32279331) |
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Date: January 1st, 2017 11:20 PM Author: Disturbing Hospital "Plus I don't think the "increases" in the lower incomes actually turn out to be increases in overall taxes paid."
This is the single most important factor, yet I haven't seen a truly straight answer in this thread.
I think you can agree that if ANYONE underneath the current top tax brackets ends up paying more total taxes under Trump's plan, while the $1 million+ people see a massive reduction in the taxes they pay, Trump's plan will be a tremendous failure, SPS, and more GC fraudlies.
I really hope this is not the case, and the OP just poasted some shitlib's misleading graph. But stay tuned. |
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Date: January 2nd, 2017 6:59 AM Author: Nighttime Chapel Love Of Her Life (http://www.autoadmit.com/thread.php?thread_id=3478690&forum_id=2#32280952) |
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Date: January 1st, 2017 9:28 PM Author: Drunken milky clown So for xo poasters its basically 33% instead of 40%? (http://www.autoadmit.com/thread.php?thread_id=3478690&forum_id=2#32278951) |
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Date: January 1st, 2017 9:38 PM Author: Insecure startled locus cuckold The amount of people on here making 415,000+ is tiny, nevermind that the tax benefit is only on the dollars you make over 415,000. Very few people here benefit (http://www.autoadmit.com/thread.php?thread_id=3478690&forum_id=2#32279009) |
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Date: January 1st, 2017 9:38 PM Author: Laughsome topaz dragon I am still rock hard. JFC. (http://www.autoadmit.com/thread.php?thread_id=3478690&forum_id=2#32279011) |
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Date: January 1st, 2017 9:40 PM Author: Insecure startled locus cuckold How much do you make? (http://www.autoadmit.com/thread.php?thread_id=3478690&forum_id=2#32279028) |
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Date: January 1st, 2017 9:45 PM Author: Laughsome topaz dragon This year household income was a little less than 700k. I made partner this year so my income will rise by 200k or more next year. (http://www.autoadmit.com/thread.php?thread_id=3478690&forum_id=2#32279062) |
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Date: January 1st, 2017 9:50 PM Author: Insecure startled locus cuckold I mean, isn't that about 35,000 extra? It's nice but nothing to really care that much about (http://www.autoadmit.com/thread.php?thread_id=3478690&forum_id=2#32279102) |
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Date: January 1st, 2017 9:52 PM Author: Drunken milky clown Well give me your $35,000 then (http://www.autoadmit.com/thread.php?thread_id=3478690&forum_id=2#32279115) |
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Date: January 1st, 2017 9:56 PM Author: Insecure startled locus cuckold Well this is one of the dumber replies I've ever encountered (http://www.autoadmit.com/thread.php?thread_id=3478690&forum_id=2#32279142) |
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Date: January 1st, 2017 10:00 PM Author: Laughsome topaz dragon ljl. That's nearly private school for two kids where I live dude. It's a fuckton of money over 4-8 years. (http://www.autoadmit.com/thread.php?thread_id=3478690&forum_id=2#32279166) |
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Date: January 1st, 2017 10:01 PM Author: Drunken milky clown That's almost exactly private school for two kids where I live (http://www.autoadmit.com/thread.php?thread_id=3478690&forum_id=2#32279170) |
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Date: January 1st, 2017 10:04 PM Author: Laughsome topaz dragon Same. Ours is 18.5k per kid. (http://www.autoadmit.com/thread.php?thread_id=3478690&forum_id=2#32279206) |
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Date: January 1st, 2017 10:09 PM Author: Drunken milky clown Ours is $24K australian per kid = about $17K US (http://www.autoadmit.com/thread.php?thread_id=3478690&forum_id=2#32279240) |
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Date: January 1st, 2017 10:04 PM Author: Insecure startled locus cuckold Well I didn't factor in being dumb enough to pay 35,000 to send your kids to school (http://www.autoadmit.com/thread.php?thread_id=3478690&forum_id=2#32279205) |
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Date: January 1st, 2017 10:06 PM Author: Laughsome topaz dragon Buddy, where I live, there's really no choice. Either cast your kids down with wild animals or send them private. But even private school aside, $35000 in after tax income is a ton of money. (http://www.autoadmit.com/thread.php?thread_id=3478690&forum_id=2#32279220) |
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Date: January 1st, 2017 10:14 PM Author: Insecure startled locus cuckold I make half your household income and wouldn't even notice 35,000 but maybe we have different spending habits. Not saying I wouldn't want 35,000 extra, just that it would never matter enough to get excited over (http://www.autoadmit.com/thread.php?thread_id=3478690&forum_id=2#32279286) |
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Date: January 1st, 2017 10:17 PM Author: Laughsome topaz dragon sure pal. I believe you. 140k over four years is definitely worth get excited over. Even at my income. You seem dumb. Actually, I take that back, you seem dishonest. (http://www.autoadmit.com/thread.php?thread_id=3478690&forum_id=2#32279329) |
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Date: January 1st, 2017 10:28 PM Author: Insecure startled locus cuckold Sorry, taking home 24,000 vs 21,500 isn't going to make my life any better. I also don't do dumb things like paying $250,000 a kid for their high school diplomas. (http://www.autoadmit.com/thread.php?thread_id=3478690&forum_id=2#32279425) |
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Date: January 1st, 2017 10:30 PM Author: Laughsome topaz dragon But you do make retarded arguments on the internet, so at least you have that. (http://www.autoadmit.com/thread.php?thread_id=3478690&forum_id=2#32279444) |
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Date: January 1st, 2017 10:50 PM Author: aquamarine cracking volcanic crater (http://www.autoadmit.com/thread.php?thread_id=3478690&forum_id=2#32279579) |
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Date: January 1st, 2017 11:11 PM Author: Insecure startled locus cuckold http://www.xoxohth.com/thread.php?thread_id=3226287&mc=76&forum_id=2#30498550
LOL you dumb coon |
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Date: January 1st, 2017 10:21 PM Author: slippery harsh queen of the night I wouldn't even notice 35 grand
(Xo poa |
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Date: January 1st, 2017 10:50 PM Author: aquamarine cracking volcanic crater (XO 2017) (http://www.autoadmit.com/thread.php?thread_id=3478690&forum_id=2#32279576) |
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Date: January 1st, 2017 10:13 PM Author: histrionic meetinghouse old irish cottage (http://www.autoadmit.com/thread.php?thread_id=3478690&forum_id=2#32279273) |
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Date: January 1st, 2017 10:16 PM Author: Insecure startled locus cuckold Just spend $500,000 to get your two kids high school educations, bro! (http://www.autoadmit.com/thread.php?thread_id=3478690&forum_id=2#32279313) |
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Date: January 2nd, 2017 9:35 AM Author: titillating free-loading milk wrinkle Gitmo is right (http://www.autoadmit.com/thread.php?thread_id=3478690&forum_id=2#32281144) |
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Date: January 1st, 2017 9:33 PM Author: Azure aromatic casino don't forget dat health insurance tax credit (http://www.autoadmit.com/thread.php?thread_id=3478690&forum_id=2#32278980) |
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Date: January 1st, 2017 9:57 PM Author: Shimmering Fanboi Liquid Oxygen Also say goodbye to additional medicare tax. (http://www.autoadmit.com/thread.php?thread_id=3478690&forum_id=2#32279146) |
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Date: January 1st, 2017 10:03 PM Author: Glittery umber keepsake machete No change for me. 33% bracket (http://www.autoadmit.com/thread.php?thread_id=3478690&forum_id=2#32279192) |
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Date: January 1st, 2017 10:11 PM Author: fear-inspiring candlestick maker sanctuary i think just looking at the graph, that red arrow portion that will hit a lot of us around here, isn't really as bad as it looks there is about 17,000 net $ up to 37,500 that is being taxed 3% less than now; there is 21,000 that is being taxed 3% less than now in the $100k range so, the 112,500k and up range isn't going to be worse off being taxed 5% higher until you are probably like at 140k per year? |
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Date: January 1st, 2017 10:25 PM Author: fluffy coiffed locale famous landscape painting Basically when you take into account the lower tax amount for income below $112,000 and the larger standard deduction, no one will pay higher taxes at all except people who have a lot to itemize and families with a lot of kids. On second though, the $140k-to $190k area may pay slightly more. (http://www.autoadmit.com/thread.php?thread_id=3478690&forum_id=2#32279400) |
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Date: January 2nd, 2017 2:37 AM Author: Bateful balding potus juggernaut Why the fuck is Trump tinkering with the number of brackets?
Is it so he can appeal to proles and claim that he's "simplifying" the tax code (albeit an infinitesimally small portion)?
It reeks of naked obfuscation. |
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Date: January 2nd, 2017 2:42 AM Author: Disturbing Hospital If this graph is accurate, and I hope it's not, GC fraudlies is the only conclusion to be drawn from his proposed plan.
This would be a very concerning sign. |
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Date: January 2nd, 2017 6:42 AM Author: Gay market (http://www.autoadmit.com/thread.php?thread_id=3478690&forum_id=2#32280945) |
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Date: January 2nd, 2017 7:06 AM Author: buck-toothed jet-lagged codepig reading party 180 (http://www.autoadmit.com/thread.php?thread_id=3478690&forum_id=2#32280959) |
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Date: January 2nd, 2017 7:52 AM Author: Walnut garrison personal credit line But don't forget that he's going to cut a number of deductions and personal exemptions which may push you into a higher bracket. He's said he wants to cut the mortgage interest deduction which would fuck me. (http://www.autoadmit.com/thread.php?thread_id=3478690&forum_id=2#32280994) |
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Date: January 2nd, 2017 9:30 AM Author: zombie-like elastic band bawdyhouse The mortgage interest deduction is completely indefensible. I say that someone who greatly benefits from it. (http://www.autoadmit.com/thread.php?thread_id=3478690&forum_id=2#32281134) |
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Date: January 2nd, 2017 9:32 AM Author: mildly autistic field It's also not going anywhere. (http://www.autoadmit.com/thread.php?thread_id=3478690&forum_id=2#32281135) |
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Date: January 2nd, 2017 9:33 AM Author: Walnut garrison personal credit line Of course. But fuck boomers who benefited pulling the ladder up from after them. If he does this, he's a typical boomer fuck. (http://www.autoadmit.com/thread.php?thread_id=3478690&forum_id=2#32281138) |
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Date: January 2nd, 2017 9:27 AM Author: beady-eyed useless brakes dysfunction Rate would make no difference for me but eliminating the AMT would be huuuge, even with the proposed overall cap on deductions. Save me $15-20k. (http://www.autoadmit.com/thread.php?thread_id=3478690&forum_id=2#32281121) |
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Date: January 2nd, 2017 12:41 PM Author: Gay market (http://www.autoadmit.com/thread.php?thread_id=3478690&forum_id=2#32281852) |
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Date: January 2nd, 2017 9:39 AM Author: titillating free-loading milk wrinkle I'm like gitmo and think it comes out to like a 28% effective rate. Without deductions. Is that right (http://www.autoadmit.com/thread.php?thread_id=3478690&forum_id=2#32281159) |