The “Big and Beautiful” appears “Big and Beautiful” for a few

A

archives

Verified User

“Tax rate for ultrarich drops dramatically after GOP tax cuts”​


“The effective tax rate for the wealthiest 0.0002 percent of Americans — a group that corresponds roughly to the billionaires on the famous Forbes 400 list — fell from 30 percent to 24 percent after the 2017 GOP tax cuts, which were extended last month by Congress in Trump’s “big, beautiful bill.”

“The effective tax rate for the U.S. population as a whole is about 30 percent, but for the 100 wealthiest Americans, it’s 22 percent”

“In a distributional analysis of the extension of the 2017 cuts that were signed into law in July, the Congressional Budget Office found they would shift wealth from America’s poor to the rich.”

“The wealth of the top 0.0002 percent was the equivalent of 2 percent of U.S. gross domestic product (GDP) in 1982, it has hit 20 percent of GDP in 2025, with about three-quarters of the rise being attributable to the top 100 wealthiest people alone”


And considering the DOGE fiasco severely cut IRS personnel and resources it is unlikely they get that 22 percent

No wonder Trump is trying to sell crime and immigration, and the GOP picking their voters, having to defend this debacle on what it is ain’t easy

Talk about income redistribution, membership at Maralago ought to increase, and Trump $100,000 watches will be mandatory for entry in the door
 
Dullard. Der....who's getting screwed on taxes?

As usual, you, regurgitate "talking points" without ever knowing WTF you're blubbering about.






The top 1 percent earned 22.4 percent of total AGI and paid 40.4 percent of all federal income taxes.

The top 10% of earners bore responsibility for 76% of all income taxes paid, and the top 25% paid 89% of all income taxes. Altogether, the top 50% of filers earned 90% of all income and were responsible for 98% of all income taxes paid in 2021.




www.ntu.org

Who Pays Income Taxes?

(PDF) updated December 2024 Taxes will dominate Congress’s agenda in 2025 as lawmakers confront the impending expiration of key provisions of the 2017 Tax Cuts and Jobs Act (TCJA). These expirations will spark intense debate over the future of the tax code, and will undoubtedly feature...
www.ntu.org www.ntu.org
 
archives said:

“Tax rate for ultrarich drops dramatically after GOP tax cuts”​


“The effective tax rate for the wealthiest 0.0002 percent of Americans — a group that corresponds roughly to the billionaires on the famous Forbes 400 list — fell from 30 percent to 24 percent after the 2017 GOP tax cuts, which were extended last month by Congress in Trump’s “big, beautiful bill.”

“The effective tax rate for the U.S. population as a whole is about 30 percent, but for the 100 wealthiest Americans, it’s 22 percent”

“In a distributional analysis of the extension of the 2017 cuts that were signed into law in July, the Congressional Budget Office found they would shift wealth from America’s poor to the rich.”

“The wealth of the top 0.0002 percent was the equivalent of 2 percent of U.S. gross domestic product (GDP) in 1982, it has hit 20 percent of GDP in 2025, with about three-quarters of the rise being attributable to the top 100 wealthiest people alone”


And considering the DOGE fiasco severely cut IRS personnel and resources it is unlikely they get that 22 percent

No wonder Trump is trying to sell crime and immigration, and the GOP picking their voters, having to defend this debacle on what it is ain’t easy

Talk about income redistribution, membership at Maralago ought to increase, and Trump $100,000 watches will be mandatory for entry in the door
Click to expand...
Tell you what let's get rid of income tax and create a VAT on all purchases. You can keep whatever you earn and decide how much you want to pay in taxes. Deal?
 
Grokmaster said:
Dullard. Der....who's getting screwed on taxes?

As usual, you, regurgitate "talking points" without ever knowing WTF you're blubbering about.






The top 1 percent earned 22.4 percent of total AGI and paid 40.4 percent of all federal income taxes.

The top 10% of earners bore responsibility for 76% of all income taxes paid, and the top 25% paid 89% of all income taxes. Altogether, the top 50% of filers earned 90% of all income and were responsible for 98% of all income taxes paid in 2021.




www.ntu.org

Who Pays Income Taxes?

(PDF) updated December 2024 Taxes will dominate Congress’s agenda in 2025 as lawmakers confront the impending expiration of key provisions of the 2017 Tax Cuts and Jobs Act (TCJA). These expirations will spark intense debate over the future of the tax code, and will undoubtedly feature...
www.ntu.org www.ntu.org
Click to expand...
And yet the top 2%, who we are talking about here, the Maralago gold members, pay 24% while owning over 20% of the nation’s total wealth

Amazing how even after seeing Trump’s tax returns MAGA still refuse to acknowledge that the upper percentiles pay less than imagined, and with Trump’s Big and Beautiful charade, will pay even less
 
archives said:
And yet the top 2%, who we are talking about here, the Maralago gold members, pay 24% while owning over 20% of the nation’s total wealth

Amazing how even after seeing Trump’s tax returns MAGA still refuse to acknowledge that the upper percentiles pay less than imagined, and with Trump’s Big and Beautiful charade, will pay even less
Click to expand...
Too bad brandon isn't still in office. You could drive across the border and re-enter under the guise of "amnesty" and collected a trainload of benefits with NO TAX.
 
archives said:
And yet the top 2%, who we are talking about here, the Maralago gold members, pay 24% while owning over 20% of the nation’s total wealth

Amazing how even after seeing Trump’s tax returns MAGA still refuse to acknowledge that the upper percentiles pay less than imagined, and with Trump’s Big and Beautiful charade, will pay even less
Click to expand...
Then get rid of income tax and let's have a VAT on all purchases. That way you decide how much you want to pay taxes. Democrats hate that because then their base, the 50% of people who pay no federal income tax will have to pay for taxes like everyone else. Or you could cut govt spending by get rid of depts the govt shouldn't be doing anyway. Dems use taxes as a weapon
 
archives said:

“Tax rate for ultrarich drops dramatically after GOP tax cuts”​


“The effective tax rate for the wealthiest 0.0002 percent of Americans — a group that corresponds roughly to the billionaires on the famous Forbes 400 list — fell from 30 percent to 24 percent after the 2017 GOP tax cuts, which were extended last month by Congress in Trump’s “big, beautiful bill.”

“The effective tax rate for the U.S. population as a whole is about 30 percent, but for the 100 wealthiest Americans, it’s 22 percent”

“In a distributional analysis of the extension of the 2017 cuts that were signed into law in July, the Congressional Budget Office found they would shift wealth from America’s poor to the rich.”

“The wealth of the top 0.0002 percent was the equivalent of 2 percent of U.S. gross domestic product (GDP) in 1982, it has hit 20 percent of GDP in 2025, with about three-quarters of the rise being attributable to the top 100 wealthiest people alone”


And considering the DOGE fiasco severely cut IRS personnel and resources it is unlikely they get that 22 percent

No wonder Trump is trying to sell crime and immigration, and the GOP picking their voters, having to defend this debacle on what it is ain’t easy

Talk about income redistribution, membership at Maralago ought to increase, and Trump $100,000 watches will be mandatory for entry in the door
Click to expand...
What a massive pile of erroneously stupid, class envy bile.

The wealthiest pay the lions share of taxes in this country. 50% pay nearly nothing at all.

But I am amused by arguments that the people who EARN their money should hand it over to the Government to be used to buy votes.
 
archives said:
And yet the top 2%, who we are talking about here, the Maralago gold members, pay 24% while owning over 20% of the nation’s total wealth
Click to expand...

Class envy rhetoric is the rhetoric of ignorance and stupidity arsecheese. The FACT remains that they pay the lion's share of the tax burden in the nation no matter how you falsely use the statistics in order to make a moronic claim.

archives said:
Amazing how even after seeing Trump’s tax returns MAGA still refuse to acknowledge that the upper percentiles pay less than imagined,
Click to expand...

Amazing that even after seeing Trumps tax returns, leftist dumbfucks shut up about them because there was nothing there.

The upper percentiles don't pay less. They pay the lions share dumb fuck. :palm:

archives said:
and with Trump’s Big and Beautiful charade, will pay even less
Click to expand...

They will be paying slightly more dumb fuck. Everyone else will be paying the same except for restaurant servers and OT hourly wage earners who are getting a break.

Revenues are going up dumb fuck.
 
Truth Detector said:
What a massive pile of erroneously stupid, class envy bile.

The wealthiest pay the lions share of taxes in this country. 50% pay nearly nothing at all.

But I am amused by arguments that the people who EARN their money should hand it over to the Government to be used to buy votes.
Click to expand...
Another MAGA that can’t read, top .02%, Maralago crowd, Trump’s family and friends, duh

Always comical, those people owned nearly a quarter of the wealth in the US and MAGA cries about some poor smack with four kids making thirty grand a year not paying income tax
 
archives said:
Another MAGA that can’t read, top .02%, Maralago crowd, Trump’s family and friends, duh
Click to expand...

Cry harder little man. Your ignorance is epic.

archives said:
Always comical, those people owned nearly a quarter of the wealth in the US and MAGA cries about some poor smack with four kids making thirty grand a year not paying income tax
Click to expand...

That is another of your brainless strawman lies halfwit.
 
You must log in or register to reply here.
Back
Top