Pic Of The Moment: GOP Tax Win Fulfills Promises! (To Rich Donors)

[EarlG]

Americans think Trump’s tax plan is a giveaway to the rich. These new graphs show they’re right.

Trump, Real Estate Investors Get Late-Added Perk in Tax Bill

GOP Tax Plan Would Still Leave 13 Million Without Health Insurance, CBO Says

Trump's Tax Plan Gives $520 Billion to Wealthy Foreigners at the Expense of American Middle Class

Final GOP tax bill would increase deficits by just under $1.5 trillion

Follow @demunderground

[Scarsdale]

1. He did not do all this

damage alone. He is not a smart person. The gop have been salivating, ready for a moron such as tRump, to sign their bills that destroy the country. A democratic president would not have been allowed to pull half the stunts this orange ass has pulled, before being impeached. He continues to do business, makes money off taxpayers. Still runs businesses. No rules apply to this man/child, in case he throws a giant tantrum. He must not be told the truth, only good news. He is a total ass, living in a dream world where he is KING.

[Fred Sanders]

2. Let us not lose our credibility on the tax scam. Almost everyone WILL get a tax cut starting

in 2018 as to individual income after taxes. But everything else in the graphic is correct. The cuts massively favor the wealthy and corporations. The cuts provide massive loopholes only for the wealthy. Even when the tax cuts expire in 2026 the wealthy retain 83% of the cuts...and the loopholes!

DISTRIBUTIONALANALYSIS OF THECONFERENCE AGREEMENTFOR THE TCJA TAXPOLICY CENTER| URBANINSTITUTE&BROOKINGSINSTITUTION

WINNERS AND LOSERS

"The impact of the proposal on individual taxpayers differs depending on theirincomesources, demographic and family statuses, and other characteristics that affect eligibility for certain tax benefits. Our estimatesof the number of taxpayers who would pay more tax or less tax than under current lawexcludecertain minor provisions(listed in tables 4, 5, and 6),for which it is difficultto assign the tax changes to specific taxpayers.3In 2018, 80percent of taxpayerswouldreceivea tax cut from the included provisions--averagingabout$2,100--andabout 5percent would face an averagetax increase of about $2,800(table 4).4In the bottom income quintile, 54percent would receive a tax cut and 1percent would face a tax increase. In the middle income quintile,91percent would receive a tax cut and 7percent would face a tax increase. In the top 1 percentof the income distribution, 91percent would receive a tax cut and 9percent would face a tax increase".

The tax cuts for allmost all are for real. More accurately the tax scam is a BRIBE of the middle class, a looting of TBD treasury and massive favoring of the wealthy all together.

It is massive tax relief....for the wealthy and a trifle for everyone else, paid for by a waterfall of debt pissing down on future generations. A wolf in sheep's clothing.

http://www.taxpolicycenter.org/publications/distributional-analysis-conference-agreement-tax-cuts-and-jobs-act/full?utm_content=buffer3dedb&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

[yallerdawg]

7. 2018. Here's your tax cut.

[Fred Sanders]

10. Good graph. As soon as the "huge" tax cuts are in middle class paychecks to the tune of a dollar

a day maybe the great unwashed, being bribed with peanuts while the rich and shameless make off for 10 years like bandits, will finally see the light. In November.

[L. Coyote]

11. Add bars for how much national debt each group is not liable for. There are no benefits, only debts.

This chart could not be more deceptive, because it only shows one thing, how much cash back you get when you assume a massive new debt.
It's like buying a new car and walking out of the dealership with $500.00 and no car keys, just the payments.

[liberal_patriot_md]

9. Exactly.

Democrats need to acknowledge that most will get some level of tax cut - but emphasize that the benefits are skewed towards the wealthy.

Also when this doesn’t pay for itself and the GOP pushes for cuts to Medicare and SS - they own this. And when the jobs don’t come back - they own this. And when the market retreats - they own this.

[cp]

3. We're voting in the midterms!

[FSogol]

4. K & R. n/t

[Initech]

5. The uber wealthy are determined to give us the Great Depression II.

Whether we like it or not.

[Gothmog]

6. K&R

[orangecrush]

8. this is what they wanted Trump for

let's see if he goes under the bus now.