If President Trump has such concern for middle-income Americans, why is he so focused on the one area – federal income taxes – where they’re not getting absolutely clobbered?
Donald Trump has stressed repeatedly how his tax plan is intended above all else to help middle-income Americans.In a television appearance, his assistant Treasury Secretary, Tony Sayegh confirmed this: “There is something that is absolutely certain,” Sayegh said. “And that’s the middle-income hard-working family is the focus of the president’s agenda when it comes to the individual side of tax cuts.”
Well, you can’t get more “middle-income” than the median household income of $57,616. When you do the math, using only the standard deduction, a family of four making $57,616 in 2017 should pay no more than $3,375 and only $1,375 if both children are under 17. Their effective tax rate would be between 2.4% and 5.8%.
Which makes you wonder: If President Trump has such concern for middle-income Americans, why is he so focused on the one area – federal income taxes – where they’re not getting absolutely clobbered.
https://www.ted.com/talks/nick_hanauer_beware_fellow_plutocrats_the_pitchforks_are_coming
The real ultimate goal is to relieve the wealthiest Americans of any tax burden whatsoever while loading those obligations on the middle class & poor. While falsely touting tax relief on the middle class & poor to sell it. Less money in the Federal coffers means less oversight resulting in the wealthy to do as they please without any concern for consequences. Turning our proud democracy into a feudal society where they are the unaccountable nobility.
What was it that George Carlin once said?
The rich get all of the money and pay none of the taxes. The middle-class does all of the work and pays all of the taxes. And the poor are just there to scare the everloving-daylights out of the middle class.
I might have slightly paraphrased it, but that’s more or less what I’ve heard.
Carlin was brilliant.
You are correct, Señor Wileybud, the IRS has been defunded over the years by the TeaPuliScum congress, getting audited is rare.
Under the current swampy administration and GOP Congress and Senate, it’s getting worse. The regulations they are eliminating are the ones that protect people from corporations and have nothing to do with creating jobs.
None of this is what Trump voters wanted, but sympathy for racist ignorant people who are the victims of their own votes is tough to muster.
“We don’t pay taxes; only the little people pay taxes.”
– From the testimony of a former housekeeper to Leona Helmsley during Helmsley’s trial for tax evasion.
Guess Drumpf got his ethics and sense of responsibility from Queen Leona and that other ethical powerhouse Roy Cohn.
But the AMT and estate/death tax are a crushing burden on the middle class.
I know millions of Middle class families with $5 million dollar estates who will be thankful.