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Really, was there ever anyone who was not part of the 1% or a Republican who thought the Trump tax law would do anything less?
Sigh. Does anyone really imagine that our tax code will ever not favor the rich…who are the ones writing the damn tax code in the first place.
The only way to structure the tax code not to favor the rich is to (a) impose a flat tax on all income from every source (including dividends, capital gains, and inheritances) and (b) offset this for the non-1% by guaranteed income paid by the government. In short - redistribution of income and wealth.
Misnomer:
This isn’t the T**** tax law. Presidents don’t write tax laws.
This is the GQP’s law and by calling it something, they are removed from accountability.
It’s theirs and they must own it.
Trump’s D.C. wasn’t a swamp, it was a sewer.
And this is why capital gains and wages should be treated the same for taxation. Capital gains and wages are both income and should be taxed the same.
When has the following EVER been true?
“Proponents of this provision claimed it would foster increased investment in American businesses”
The already wealthy stuff their pockets more and more, and the Earth tilts even more on its axis of inequitable distribution of wealth.
Don’t forget that Republicans, and some Dems like to keep the IRS underfunded. An underfunded IRS means investigations are harder to start, and some eventually just end. Oh and old computer systems.
Fun part, when the whole scheme collapses, they’ve got a lot more to lose than we do!
Patriots all. Men and women working to make the country a better place. Men and working who have decided that it is the working poor whose obligation it is to support the operations of and the obligations of the country.
Rinse and repeat.
It’s the same song and dance as taking their salary in stock, just without the waiting or regulations.
When the collapse happens it will be interesting to see who can deal with the fall, and who can’t. I think anyone who is new money will deal better than old money.
A flat income tax will still favor the rich, overall, because they pay proportionately less in all other taxes.
We need a progressive tax that hits the 1% at 50%, the 0.1% at 60%, and the 0.01% at 70%.
Let them squeal.
Making it doubly pathetic when the poor vote for Goopers. Oh, the humanity!
Any time a CEO says that he/she took a lower salary to increase jobs, they are lying. You only hire more people when there is more demand, not when there is more money.
If they take a lower salary to increase pay to front line workers, that’s different, and usually generates headlines because of how unusual it is. Witness the headlines about Dan Price at Gravity Payments.
We need to stop using the term “loop-hole”. These are design features.
Sorta OT, but shows State of New York still has their eye on all things T****.
The rich assholes who hated FDR never realized that he was saving capitalism for them.