No you're the one that thinks tax relief of any king is not helpful...this is straight for the Dem play book...I asked you if you want to give more to the gummet and you conveniently avoided an answer...Hummm
The rich pay a majority of the taxes.So it only common sense that...you pay more you get more.
https://nypost.com/2016/02/24/45-per...al-income-tax/
If you like I can provide a "LINK" to where corporations gave their employees money from their relief...just let me know!!
Just in case...
https://www.usatoday.com/story/money...st/1065291001/
In case you didn't know the US HAD the highest corporate
tax rates in the world!!
Originally Posted by bb1961
I'll answer your question. If I received $.01 additional in tax relieve it would be a positive. This is obviously opinion but I don't call what additional net income the average taxpayer is getting is anything close to great.
Your argument that since the rich make more it makes common sense that they should get more back in the tax reform falls flat when you look at how much the increase is by percentage of net income, not just total net income.
A household with a net income of $40-$50k will get an increase of around $570 a year.
1.4% increase in net income. $50-75k will get an increase of $870, A
1-6% increase. $75-100k will get an increase of $1310, a
1.8% increase. $100-200K will get an increase of $2260, a
2.0% increase. $200-$500k will get an increase of $6560, a
2.95 increase. $500-1 million will bet an increase of $21240, a
4.3% increase. The net income per year for the average household in the U.S. is just over $61,000 so the increase in net income will be around $700 or $13 a week. Might pay for a meal at McDonalds.
So the question is why are the people at the upper end of the income scale getting
268% more of an increase than those at the bottom end?
https://www.npr.org/2017/12/19/57175...e-middle-class
Yes a handful of corporations gave money to their employees in the form of one-time bonuses. Raises are the gift that just keep giving and corporations have been slow to raise employee's pay, although income is going up. We've been through that.
And at no time did I say that corporations should not have had their tax rates lowered, just maybe not to the levels that they were lowered. The lowering of their tax rate will cost us in the future with our massive debt increase.
https://www.thebalance.com/trump-pla...l-debt-4114401
So now how about answering MY question. How much has your net income increased due to the tax package?