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Biggest Reform EVER passed thread

Ok. That sucks, but palma is talking about tax cuts for workers, not bonuses for workers from corporate tax cuts.
 
Meanwhile his tariffs cost me an extra $100 to have a gas line installed today thanks to an increase in materials.
 
PhDeac said:
[h=1]Bonuses from 2017 tax cuts amounted to $28 per worker, Congressional researchers say[/h]
$28

$28. That's it.
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It's about $4k a year for me after taxes personally. Not life shattering, but I don't make enough where I can scoff at an extra $350/month either. I'll take it. Now if I can go independent contractor status (i.e. small business owner by not working for just one employer) now all the sudden tax reform will be a $10-20k/yr after tax difference. Aiming to do that a year from now.


WakeandBake said:
Palma didn’t understand the math lol
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As opposed to you not understanding anything
 
From a generally conservative think tank, and without taking into account other policies that may have hurt lower income folks. Top 10% the only group still benefiting at all:

D8LoaOIXoAAOr3h.jpg:large
 
Am I reading that correctly? Does a conservative source say that bottom 95% got less than a 1% bump from the tax cuts anyway?
 
PhDeac said:
Am I reading that correctly? Does a conservative source say that bottom 95% got less than a 1% bump from the tax cuts anyway?
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I should say, when I called them "conservative" I don't mean in the Fox News sense. Their work tends to lean toward the conservative side in some of their modeling and assumptions about the benefits of things like tax cuts, but they have smart people doing rigorous analyses in good faith. Sort of the right leaning version of the (admittedly left leaning) Tax Policy Center and Urban Institute.
 
Simple Palma math would say average household is $50,000, even with the 1% before tariffs you are looking at like 42 dollars a month, what some people might correctly refer to as crumbs. What do those crumbs do for you, well gas is about 50 cents higher than the day trump took office so I guess the crumbs go in the gas tank.
 
PhDeac said:
Am I reading that correctly? Does a conservative source say that bottom 95% got less than a 1% bump from the tax cuts anyway?
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no, only the bottom 20%. Next 75% was 1-2%. So if you make $75,000/year, that's about $1000/year. Considering you don't pay that much tax anyway, that's not bad at all.
 
DeacDiggler said:
no, only the bottom 20%. Next 75% was 1-2%. So if you make $75,000/year, that's about $1000/year. Considering you don't pay that much tax anyway, that's not bad at all.
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Sorry I changed the 20 to 95 but not the 1 to 2.
 
DeacDiggler said:
no, only the bottom 20%. Next 75% was 1-2%. So if you make $75,000/year, that's about $1000/year. Considering you don't pay that much tax anyway, that's not bad at all.
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I don't think Palama is as poor as he wants us to think he is then cause his is $350/month.
 
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