Posted by strikeout26 on 11/28/2017 8:14:00 PM (view original):
I'm guessing you haven't read the tax plan and are only listening to the talking heads. They did away with a lot of itemized deductions, but raised the standard deduction. Taxes will go down for most people. For the bottom 50% of earners taxes can't go down any further. They already don't pay anything. Most of the wealthy did not "luck" into their money. It was earned. We should not start penalizing people for working hard. That would terrible for our country. Apparently, you are a socialist a well. Makes more sense now why you think Obama was so wonderful. I work very hard and have taken many risks to gain what I have. It was not "luck". I have caught some breaks, but I put myself in a position to catch those breaks. EVERYONE has those same opportunities.
Also, why does anyone deserve a deduction for childcare. I understand it is expensive, but the government is not responsible for providing for your children.
By the way, your last post is why Obama is a socialist.
Jeez
A) no one has read the entire bill. I’ve read the tax policy center analysis.
B) “50% don’t pay taxes” is a myth
C) Taxes go up for a not-insignificant number of middle and lower income earners.
D) Taxes do not go up for high income earners.
E) When I said luck I was referring to the estate tax. Inheriting wealth is luck. You didn’t work for it. But, in this plan, that luck money for incredibly wealthy people is tax free while we increase taxes on people that don’t have much who go to work every day to earn their money.
F) Obama isn’t a socialist. Neither am I.
G) I was being facetious when I mentioned lotto winners and childcare, but we give childcare deductions because we’ve decided society and our economy benefit when people have kids. Just like how we deduct for mortgage interest because we’ve decided that society and the economy benefit when people own homes.