Politifact experts say Will you actually benefit from the new tax reform ?

Discussion in 'Politics' started by 20_yrs_2_go, Feb 1, 2018.

  1. 20_yrs_2_go

    20_yrs_2_go Well-Known Member

    Messages:
    2,667
    Likes Received:
    849
    Trophy Points:
    113
    End result, it has yet to be seen.

    McEnany’s evidence

    When we asked McEnany for information to support her statement, she told us she was referring to the middle class. But there was no mention of the middle class in her interview up to the point when she made her claim.

    So, her claim is broad, referring simply to "Americans."

    McEnany also said her statement was based largely on a PolitiFact National article that identified winners and losers in the tax bill. And she cited a list of 40 companies that say they have given their employees bonuses as a result of the tax law.

    But, as we’ll see, many Americans -- roughly 40 percent of households -- won’t see cuts as high as $1,000 per year at all.

    ‘Come February’

    We’ll start with McEnany’s reference to February 2018. Mark Mazur, director of the nonpartisan Tax Policy Center, told us that because of the law, some Americans likely would see somewhat larger paychecks as soon as February 2018, as employers withhold less money from employee paychecks.

    ‘$1,000 per year’

    The PolitiFact National article, relying on data from the Tax Policy Center, said the vast majority (about 80 percent) of taxpayers will see tax cuts in 2018.

    But for Americans on the lower end of the income spectrum -- roughly 40 percent of households -- the average cut will amount to $480 or less. Meanwhile, the richer 60 percent of households will get cuts ranging from $1,090 to $285,490 (for the richest 0.1 percent)

    Meanwhile, it’s expected that about 60 percent of households will see tax cuts of at least $1,000 per year from 2018 through 2025. But those would largely go away after 2025, when various individual tax cuts in the law expire.

    http://www.politifact.com/wisconsin...ewly-signed-republican-tax-reform-law-mean-1/
     
    Magoo likes this.
  2. Bubba74

    Bubba74 Well-Known Member

    Messages:
    13,511
    Likes Received:
    8,824
    Trophy Points:
    113
    How is a cut of any amount not a benefit?

    its more money in your pocket for you to decide what to do with it, it is definitely a benefit even if it is "only" $480
     
  3. Rastus

    Rastus ..“We caught em”..

    Messages:
    15,247
    Likes Received:
    12,014
    Trophy Points:
    113
    [​IMG]
    Lower 40% pays 1.4% of the federal income tax revenues. Many of them receive earned income credits which is a nice name for welfare,

    Assuming that their average tax liability is $1000 a year, $480 is a 48% tax cut.

    This Marxist class warfare crap is as stale as Nancy Pelosi.
     
  4. Magoo

    Magoo You don't have to be Einstein to figure it out

    Messages:
    19,753
    Likes Received:
    5,000
    Trophy Points:
    113
    The republicans gave them a piece of candy, wait until they get the bill for it.
     
  5. SAC75

    SAC75 Well-Known Member

    Messages:
    1,974
    Likes Received:
    1,705
    Trophy Points:
    113
    Cry some more cupcake. That’s what your good at.
     
  6. falconfan

    falconfan Well-Known Member

    Messages:
    2,619
    Likes Received:
    3,273
    Trophy Points:
    113
    Breietbar and fox say we will benefit.
    Much less biased than politifact.
     
  7. Bart

    Bart Well-Known Member

    Messages:
    3,367
    Likes Received:
    3,406
    Trophy Points:
    113
    “But for Americans on the lower end of the income spectrum -- roughly 40 percent of households -- the average cut will amount to $480 or less. Meanwhile, the richer 60 percent of households will get cuts ranging from $1,090 to $285,490 (for the richest 0.1 percent)”

    If a cut is based on a percentage of your income then the amount will be larger the more income you have!!!!!!!!!!
    Does your liberal heads hurt when you try to think!!!!!!!!!!
    We have raised a nation of idiots!!!!!!
    :wtflol:
     
    Northern Flash, Big Dave and Rastus like this.
  8. 20_yrs_2_go

    20_yrs_2_go Well-Known Member

    Messages:
    2,667
    Likes Received:
    849
    Trophy Points:
    113
    Unfortunately BB and fraud news as usual don't post any figures as to who will benefit the most or if at all ?
     
    Magoo likes this.
  9. Rastus

    Rastus ..“We caught em”..

    Messages:
    15,247
    Likes Received:
    12,014
    Trophy Points:
    113
    I believe people will know looking at their paycheck if their taxes were lowered or not.
    How stupid do the democrats or msm think people are?
     
  10. Northern Flash

    Northern Flash COMMON SENSE IS THE CURE.

    Messages:
    36,080
    Likes Received:
    12,991
    Trophy Points:
    113
    And what percentage of households got a $1,000 per year tax cut under Obama.........ZERO!
     
  11. Northern Flash

    Northern Flash COMMON SENSE IS THE CURE.

    Messages:
    36,080
    Likes Received:
    12,991
    Trophy Points:
    113
    And we can buy some more candy with our extra money now. Or anything else that we want to buy with it. How much was it that Obama put back in our pockets? Oh, that's right, zero. In fact, he kept taking more out of our pockets.
     
  12. Northern Flash

    Northern Flash COMMON SENSE IS THE CURE.

    Messages:
    36,080
    Likes Received:
    12,991
    Trophy Points:
    113
    You know that they've gone off the rails when they are even blubbering about us getting some of our own money back. They are digging themselves a hole that that party will never recover from.
     
    SAC75 likes this.
  13. Northern Flash

    Northern Flash COMMON SENSE IS THE CURE.

    Messages:
    36,080
    Likes Received:
    12,991
    Trophy Points:
    113
    Just because you are blind, and maybe even incompetent, doesn't mean that the rest of us don't understand what we see, hear, and read.
     
  14. Northern Flash

    Northern Flash COMMON SENSE IS THE CURE.

    Messages:
    36,080
    Likes Received:
    12,991
    Trophy Points:
    113
    The Democrat leadership has been hoodwinking their drones with lies for decades. What they fail to realize is that the rest of us aren't going to follow along with their lies and b.s.
     

Share This Page