- Joined
- May 11, 2013
- Messages
- 7,570
Hey Annette, nice to see you posting again, always find your posts well thought out and intellectually challenging for me. thank you.
http://www.politifact.com/truth-o-m...-pay-no-taxes-will-you-end-more-money-under-/
If I were in their shoes (low income people) I would not be pleased, but I do read a lot about taxes and the trump sham.. It's true a person who makes so little that he/she does not pay federal income tax may not notice anything. But if it means a family will have to pay more for health insurance I'm sad about it. If states must raise their taxes to meet commitments they have for schools, roads, etc to offset what the feds will do then low income people will be hurt.
I am fine with the republican cabal cutting entitlements as long as for EVERY dollar cut for medicaid, medicare and SSA we cut the military the same dollar.. 1$ cut for medicaid? 1$ cut for the military spending. I think this is just and fair.
Merry Christmas Annette! I too lost a bunch in the 2008 downturn, but got it all back and more.. hope you did too..

http://www.politifact.com/truth-o-m...-pay-no-taxes-will-you-end-more-money-under-/
If I were in their shoes (low income people) I would not be pleased, but I do read a lot about taxes and the trump sham.. It's true a person who makes so little that he/she does not pay federal income tax may not notice anything. But if it means a family will have to pay more for health insurance I'm sad about it. If states must raise their taxes to meet commitments they have for schools, roads, etc to offset what the feds will do then low income people will be hurt.
I am fine with the republican cabal cutting entitlements as long as for EVERY dollar cut for medicaid, medicare and SSA we cut the military the same dollar.. 1$ cut for medicaid? 1$ cut for the military spending. I think this is just and fair.
Merry Christmas Annette! I too lost a bunch in the 2008 downturn, but got it all back and more.. hope you did too..
Hi,
Yes, it is a tax cut mostly for the corporations. We, the US, have one of the highest tax rates and the new tax rate will make us more competitive in world markets. However, other countries are now considering lowering their tax rates to undercut the new US rate.
I do really have a question about the new tax system. When Romney was running, 47 % of tax payers didn't pay any taxes(remember Romney was overheard by open mike making a derogatory comment). I was very surprised to read this. A few years ago this topic came up and I researched it and something like 43 % did not pay taxes. I think it was Loves Vintage who also looked it up and said she found the figure was 39%. So why make such a fuss over the low benefit the lower income people will get when 39% of the lower end income population don't pay taxes?
Now, I'm retired and have seen my income cut more than 2/3 since the financial crisis. I don't itemize as my house is paid for, and most of my income was interest and dividends. I try to preserve capital, so I invest in the market to get a return , as savings acc't yield almost nothing. I have gone from paying a lot in taxes to paying almost nothing. Last yr I paid about $400.00 in taxes, on an income of 35,000.00. Why would I complain that I may only get a 60.00 benefit? I hardly pay any taxes.
Of course it makes sense that those who pay the most in taxes, which all of you want to call "the rich", get most of the benefit.
I worry that the over emphasis on the tax cut and (I'm throwing this in) and the belief that the Dems will win next time on this issue is misplaced. The poor don't pay taxes, those that earn the most should get the benefits.(IMO).
Annette