Analysis from Left-Leaning Tax Policy Center: Actually, 80 Percent of Americans

[Coach is Back!]

https://townhall.com/tipsheet/guybenson/2017/12/19/leftleaning-scorekeeper-so-the-gop-tax-bill-cuts-taxes-for80-percent-of-americans-n2424201

[Dos Equis]

https://townhall.com/tipsheet/guybenson/2017/12/19/leftleaning-scorekeeper-so-the-gop-tax-bill-cuts-taxes-for80-percent-of-americans-n2424201

Democrats can be so dishonest.  From the link:

TPC conference report:

Bottom 80% currently pays 33% of all federal income taxes, but gets 35% of the tax cuts.

Top 1% currently pays 27% of all federal taxes, but gets 21% of the tax cuts.

So the share of all federal taxes paid by wealthy will rise.

http://www.taxpolicycenter.org/publications/distributional-analysis-conference-agreement-tax-cuts-and-jobs-act …

[Straw Man]

From the Tax Policy Center Website

BTW - Anyone remember how Trump said this wasn't good for him and was going to cost him a lot of money
Not only is he in the group the benefits the most but the Corker Kickback will be another HUGE windfall for him
https://www.thestranger.com/slog/2017/12/18/25637305/your-guide-to-the-corker-kickback-and-why-it-could-and-should-sink-the-gop-tax-bill

I'm sure he'll keep repeating the lie that this is really bad for him and Trumptards will keep believing it

This is from the Tax Policy Website.

Is this what a middle class tax cut looks like?

The Tax Cuts and Jobs Act has worked its way through Congress and is now awaiting final passage by the House and Senate. TPC has updated its comparison chart to show how the TCJA from the conference committee would compare against current law.

The Tax Policy Center has released distributional estimates of the conference agreement for the Tax Cuts and Jobs Act as filed on December 15, 2017. We find the bill would reduce taxes on average for all income groups in both 2018 and 2025. In general, higher income households receive larger average tax cuts as a percentage of after-tax income, with the largest cuts as a share of income going to taxpayers in the 95th to 99th percentiles of the income distribution. On average, in 2027 taxes would change little for lower- and middle-income groups and decrease for higher-income groups. Compared to current law, 5 percent of taxpayers would pay more tax in 2018, 9 percent in 2025, and 53 percent in 2027.

http://www.taxpolicycenter.org/feature/analysis-tax-cuts-and-jobs-act

[Coach is Back!]

Democrats can be so dishonest.  From the link:

TPC conference report:

Bottom 80% currently pays 33% of all federal income taxes, but gets 35% of the tax cuts.

Top 1% currently pays 27% of all federal taxes, but gets 21% of the tax cuts.

So the share of all federal taxes paid by wealthy will rise.

http://www.taxpolicycenter.org/publications/distributional-analysis-conference-agreement-tax-cuts-and-jobs-act …

Yep and as of right now the left is coming apart at the seams with this thing getting ready to get signed into law. The one thing they didn’t want is a major piece of legislation passed. They absolutely hate that Trump is keeping his promises.....

[Yamcha]

Yep and as of right now the left is coming apart at the seams with this thing getting ready to get signed into law. The one thing they didn’t want is a major piece of legislation passed. They absolutely hate that Trump is keeping his promises.....

in year one, too! 

[Straw Man]

Yep and as of right now the left is coming apart at the seams with this thing getting ready to get signed into law. The one thing they didn’t want is a major piece of legislation passed. They absolutely hate that Trump is keeping his promises.....

I hope they do pass it

Anyone with a normal intelligence will be able to see it's a give away to the rich (which is what Repubs always do)

Trumptards can pretend whatever they want but people can see the truth

Trump keeps saying it's bad for him and his rich friends are pissed at him

Hard to figure out what they're pissed about when you take a look at that chart

[Straw Man]

BTW - Repubs own all three branches of government

It cracks me up that they are celebrating actually getting something done when they should be able to get ANYTHING they want done

[Dos Equis]

Yep and as of right now the left is coming apart at the seams with this thing getting ready to get signed into law. The one thing they didn’t want is a major piece of legislation passed. They absolutely hate that Trump is keeping his promises.....

Looks like they have redo the vote in the House.  https://www.politico.com/story/2017/12/19/congress-tax-bill-votes-304908

The meltdowns on the left are pretty funny.  http://www.breitbart.com/video/2017/12/19/pelosi-gop-tax-bill-morally-obscene-theft-does-violence-to-the-vision-of-our-founders/?utm_source=facebook&utm_medium=social

These people are such liars. 

[Straw Man]

Looks like they have redo the vote in the House.  https://www.politico.com/story/2017/12/19/congress-tax-bill-votes-304908

The meltdowns on the left are pretty funny.  http://www.breitbart.com/video/2017/12/19/pelosi-gop-tax-bill-morally-obscene-theft-does-violence-to-the-vision-of-our-founders/?utm_source=facebook&utm_medium=social

These people are such liars. 

what are they lying about

All the benefit go to the top 1%

Look at the chart - the benefit to the middle class phase over time

Benefit to the wealthy and corporations are permanent

Also, in all but the very best case assumptions this bill will add to the deficit

Corporate profits are at all time highs and the so is the gap between the middle class and the wealthly yet for some reason Republican feels the need to give them even more.

It makes no sense

You can keep calling it a "lie" but unless you can articulate why then you're just a bullshitter like Trump and all the other Republicans

[Coach is Back!]

what are they lying about

All the benefit go to the top 1%

Look at the chart - the benefit to the middle class phase over time

Benefit to the wealthy and corporations are permanent

Also, in all but the very best case assumptions this bill will add to the deficit

Corporate profits are at all time highs and the so is the gap between the middle class and the wealthly yet for some reason Republican feels the need to give them even more.

It makes no sense

You can keep calling it a "lie" but unless you can articulate why then you're just a bullshitter like Trump and all the other Republicans

I think the bigger question is what don’t they lie about?

[Coach is Back!]

From the Tax Policy Center Website

BTW - Anyone remember how Trump said this wasn't good for him and was going to cost him a lot of money
Not only is he in the group the benefits the most but the Corker Kickback will be another HUGE windfall for him
https://www.thestranger.com/slog/2017/12/18/25637305/your-guide-to-the-corker-kickback-and-why-it-could-and-should-sink-the-gop-tax-bill

I'm sure he'll keep repeating the lie that this is really bad for him and Trumptards will keep believing it

This is from the Tax Policy Website.

Is this what a middle class tax cut looks like?

The Tax Cuts and Jobs Act has worked its way through Congress and is now awaiting final passage by the House and Senate. TPC has updated its comparison chart to show how the TCJA from the conference committee would compare against current law.

http://www.taxpolicycenter.org/feature/analysis-tax-cuts-and-jobs-act

You didn’t read the article, did you?

[Straw Man]

You didn’t read the article, did you?

yep, sure did

I also looked at the chart from their website and read other information

Benefits to to the lower income levels phase out

All the benefits go to the top 1% and to Corporations and this likely won't stimulate enough growth to pay for itself and the final line from the Tax Policy Center link

Compared to current law, 5 percent of taxpayers would pay more tax in 2018, 9 percent in 2025, and 53 percent in 2027.

[Coach is Back!]

yep, sure did

I also looked at the chart from their website and read other information

Benefits to to the lower income levels phase out

All the benefits go to the top 1% and to Corporations and this likely won't stimulate enough growth to pay for itself and the final line from the Tax Policy Center link

Compared to current law, 5 percent of taxpayers would pay more tax in 2018, 9 percent in 2025, and 53 percent in 2027.

I see. So you think the article is wrong? lol

[Coach is Back!]

Hahaha, even libtard Jake Tapper thinks it’s good.

https://twitchy.com/samj-3930/2017/12/19/dems-can-shut-up-now-jake-tapper-shares-tax-cut-facts-from-taxcutsandjobsact-all-good/

[Straw Man]

Hahaha, even libtard Jake Tapper thinks it’s good.

https://twitchy.com/samj-3930/2017/12/19/dems-can-shut-up-now-jake-tapper-shares-tax-cut-facts-from-taxcutsandjobsact-all-good/

where does he say it's good

That's your claim of what he thinks so where is that tweet?

his tweets clearly show that the highest income earners have the largest % of tax savings (as a % of income and not just dollars saved due to the fact that their incomes are higher)

Also, this is just the tax brackets and doesn't include all the loopholes that still exist that solely benefit high income earners

He also says these numbers are only for 2018

Here is the visual image of the tax brackets and benefits over time

Anyone who understands how to read a bar chart will be able to confirm for themselves the the majority of the benefit goes to the top 95 percentile

If this were a middle class tax cut you'd see the lower income levels with 3 to 4% tax savings and the upper income levels with 1 to 2% tax savings

Don't know how to make it any more clear for Trumptards

If you don't understand that then go find a smart 5th grader to walk you through it

[Agnostic007]

Straw, give it up... facts don't matter and if you present them, they won't understand them

[Coach is Back!]

where does he say it's good

That's your claim of what he thinks so where is that tweet?

his tweets clearly show that the highest income earners have the largest % of tax savings (as a % of income and not just dollars saved due to the fact that their incomes are higher)

Also, this is just the tax brackets and doesn't include all the loopholes that still exist that solely benefit high income earners

He also says these numbers are only for 2018

Here is the visual image of the tax brackets and benefits over time

Anyone who understands how to read a bar chart will be able to confirm for themselves the the majority of the benefit goes to the top 95 percentile

If this were a middle class tax cut you'd see the lower income levels with 3 to 4% tax savings and the upper income levels with 1 to 2% tax savings

Don't know how to make it any more clear for Trumptards

If you don't understand that then go find a smart 5th grader to walk you through it

Oh boy. Look, I understand you hate Trump and this is fucking killing you (which makes me happy) you’re looking for the perfect plan for 100% of the people, it ain’t going to happen. Just fact that Obama’s unconstitutional Obamacare mandate is eliminated is a plus, the “rich” are still paying the highest in taxes, the corporate tax dropped 14% which means more jobs and jobs security, the lower tax brackets see more money, the even lower tax brackets don’t even pay taxes....what’s your problem, bud?

Obama didn’t give us shit except extortion. That being said,MAGA mother f**ker.

[Agnostic007]

The TPC said in its recent analysis that the reform will benefit the wealthy far more and far longer than the middle class. This isn't what Trump promised. Having said that, I'm willing to wait until the TPC and others have had a chance to 1. see the final bill and all the changes 2. Have time to do an indepth analysis which they plan on doing, and then decide if this is a good or bad thing for the middle class and even close to what the GOP and Trump promised to deliver. To say it is, or isn't before many have read it, probably premature   

[QuietYou]

Democrats are always so dishonest.  From the link:

TPC conference report:

Bottom 80% currently pays 33% of all federal income taxes, but gets 35% of the tax cuts.

Top 1% currently pays 27% of all federal taxes, but gets 21% of the tax cuts.

So the share of all federal taxes paid by wealthy will rise.

http://www.taxpolicycenter.org/publications/distributional-analysis-conference-agreement-tax-cuts-and-jobs-act …

Fixed

[Straw Man]

Democrats can be so dishonest.  From the link:

TPC conference report:

Bottom 80% currently pays 33% of all federal income taxes, but gets 35% of the tax cuts.

Top 1% currently pays 27% of all federal taxes, but gets 21% of the tax cuts.

So the share of all federal taxes paid by wealthy will rise.

http://www.taxpolicycenter.org/publications/distributional-analysis-conference-agreement-tax-cuts-and-jobs-act …

did you forget to read your own link?

The Tax Policy Center has released distributional estimates of the conference agreement for the Tax Cuts and Jobs Act as filed on December 15, 2017. We find the bill would reduce taxes on average for all income groups in both 2018 and 2025. In general, higher income households receive larger average tax cuts as a percentage of after-tax income, with the largest cuts as a share of income going to taxpayers in the 95th to 99th percentiles of the income distribution. On average, in 2027 taxes would change little for lower- and middle-income groups and decrease for higher-income groups. Compared to current law, 5 percent of taxpayers would pay more tax in 2018, 9 percent in 2025, and 53 percent in 2027.

[Coach is Back!]

Looks like they have redo the vote in the House.  https://www.politico.com/story/2017/12/19/congress-tax-bill-votes-304908

The meltdowns on the left are pretty funny.  http://www.breitbart.com/video/2017/12/19/pelosi-gop-tax-bill-morally-obscene-theft-does-violence-to-the-vision-of-our-founders/?utm_source=facebook&utm_medium=social

These people are such liars. 

Passed as I write this. This is huge

[Agnostic007]

Passed as I write this. This is huge

awesome, glad you're happy, I'm sure you have examined it

[Coach is Back!]

awesome, glad you're happy, I'm sure you have examined it

I have a business of course I’ve examined it. I’m sure CNN and MSNBC have informed you well.

[Agnostic007]

I have a business of course I’ve examined it. I’m sure CNN and MSNBC have informed you well.

where'd you get your copy?

[loco]

The TPC said in its recent analysis that the reform will benefit the wealthy far more and far longer than the middle class. This isn't what Trump promised. Having said that, I'm willing to wait until the TPC and others have had a chance to 1. see the final bill and all the changes 2. Have time to do an indepth analysis which they plan on doing, and then decide if this is a good or bad thing for the middle class and even close to what the GOP and Trump promised to deliver. To say it is, or isn't before many have read it, probably premature   

So it will benefit the middle class for sure, just not as much and just not as long as it will benefit the wealthy, and it's not exactly what was promised?

Not ideal, but is that so terrible?