The Congressional Joint Economic Committee released a new report on the House's Paul Ryan budget – finding that while it gives huge tax cuts to the top 2% of Americans – it actually raises taxes on middle class families. Under the Ryan plan – which Republicans passed out of the House of Representatives nearly unanimously earlier this year – households earning more than a million dollars a year would see a tax cut of about $300,000 a year. But average income households like the middle class would actually see their taxes go up by several percent. The Ryan plan also reverses some of President Obama's tax cuts for working Americans who make less than $30,000 a year – basically raising their taxes, too. So when Republicans say they can't raise taxes on anyone – and even sign pledges to not raise taxes on anyone – they're lying. What they really mean is – they can't raise taxes on their Romney super-rich buddies who are funding their re-election campaigns.
And if this is news to you, you are NOT paying attention.
ReplyDeleteThis post of course is bull crap It says millionaires taxes would be cut by 2% on in one sentence and later says their taxes would be cut by $300,000, which would be 30%. These liberals either can't do simple multiplication or just simply lie, which I believe is the case
ReplyDeleteTrying to create jobs not continue a society based of government dependency. The are more people in the wagon than pulling the wagon
ReplyDeleteAgain, I can state this because it is true... And I am always RIGHT in this re-guard...
ReplyDeleteAlways listen and look at the language, it doesn't lye... When they say they won't raise taxes they won't for the top 1%... but see they didn't say that and you dumb ass Americans will believe what the fuck ever you are told because you are a complete idiot...
This plan discards a needlessly complex and manipulative tax code, replacing it with a simplified mechanism that promotes work, saving, and investment.
ReplyDeleteProvides individual income tax payers a choice of how to pay their taxes – through existing law, or through a highly simplified code that fits on a postcard with just two rates and virtually no special tax deductions, credits, or exclusions (except the health care tax credit).
Simplifies tax rates to 10 percent on income up to $100,000 for joint filers, and $50,000 for single filers; and 25 percent on taxable income above these amounts. Also includes a generous standard deduction and personal exemption (totaling $39,000 for a family of four).
Eliminates the alternative minimum tax [AMT].
Promotes saving by eliminating taxes on interest, capital gains, and dividends; also eliminates the death tax.
Replaces the corporate income tax – currently the second highest in the industrialized world – with a border-adjustable business consumption tax of 8.5 percent. This new rate is roughly half that of the rest of the industrialized world.
Keep believing what you want but vote a republican in and all you middle class fools will be paying more in taxes while the wealthy keep getting richer and paying less.
ReplyDeleteVote Democratic and pay more taxes so the lazy aases wont have work stinking life sucking liberal entitlement pigs
ReplyDeletePeople that make 30000 a year don't pay taxes
ReplyDeleteAnon 1:09 is living on an alien planet.
ReplyDeleteA person making $30,000 who is single and using the standard deduction will pay taxes on $27,000 and should pay $3,754 in taxes. Under similar assumptions, the person making $200,000 will pay taxes on $198,560 and should have paid $56,748. That would be $284 per $1,000 of income.
ReplyDelete208-If you make 50K or less, you are not a net contributor to the tax system. Plain and simple, you are a taker.
ReplyDeleteThat's why the top 25% pay 85% of taxes and the bottom 52% pay 0%. It's the lazy bums ruining this country, not the rich. They pay for your medicare, medicaid, and help boost your monthly social security. Quit complaining about the ones footing the bills.
2:51 I don't disagree. Just posted what federal taxes are paid at two differing income levels. 30 Gs and single probably puts them in the upper half.
ReplyDeleteHere is one for you. The average household income Maryland with NO earners makes over 34 Gs a year. That means 34 Gs in taxpayer money!!!!!
ReplyDeleteIt is in the census numbers!!!