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Joint Committee on Taxation: Lower- and middle-income households ($10k-$75k) will likely end up paying more in taxes dubord.s Dec 21, 07:57

you are making the common mistake of reading the actual text of the bill. what the GOP really means is someone will fix this later {nm} slipping jimmy Dec 21, 09:00

Fortunately, in a couple months low and middle income Americans will see the benefits in their paychecks, and shortly thereafter those out PhoneHome Dec 21, 10:15

I'd be willing to debate, but to characterize a statement from JTC as "media lies" indicates how open you are to actual debate. {nm} dubord.s Dec 21, 10:17

The lies comes from those such as the CBC article you cited that manipulate JTC and TPC information out of context {nm} PhoneHome Dec 21, 10:21

That's just your opinion. Provide some context then, {nm} Antibody Dec 21, 10:48

According to the TPC directly (link enclosed), the bottom 40% will reap a whopping $220 a year. Then hands some back in 2025. dubord.s Dec 21, 12:41

Again with distorting by using incomplete information. The TPC also says the bottom 45% doesn't pay any taxes. Zero, none, nada. PhoneHome Dec 21, 13:08

Ludicrous? They get about $190k, which by my math, is almost 1000 times $220. But of course, that's straight math so it must be a trick. {nm} dubord.s Dec 21, 13:24

it also ignores all the other non-tax costs that will continue to go up as a result -- higher premiums for health insurance will wipe out slipping jimmy Dec 21, 13:28

Since they are already paying zero, $220/yr is coming from you and me and the top 1% in the form of credits. Actually a nice gift. {nm} PhoneHome Dec 21, 13:19

(income taxes, because they don't make enough money to get into a bracket. still pay plenty of sales and other taxes) {nm} slipping jimmy Dec 21, 13:23

Check the facts: those under $25k (bottom 20%) will get a whole $60 a year. The next quintile DO pay taxes, and get $30 a month. dubord.s Dec 21, 13:32

Your quote ignores the 2nd quintile. And it defintely doesn't say anybody, including the top 0.1% is saving $190K. Made up figure? PhoneHome Dec 21, 14:48

Really? 8 page report too long for you? Here's some help: it's in the p.3 table. Ave Fed Tax Change of $193,380 for Top 0.1% {nm} dubord.s Dec 21, 20:30

low and middle income (0 to $75k/yr) will see, at best, $202 to $2,129/year in savings (at first). $20 to $180/mo is table crumbs slipping jimmy Dec 21, 10:49

$2,129/year table crumbs? Tell them that. Avg taxes for $30-40K is $2149, $40-50k $3325, $50-75K $5634. Thats 38-100% annual tax savings! PhoneHome Dec 21, 11:56

yes, compared to the trillions that will be flowing to the top brackets, corporations, and pass-through entities, $2k a year is scraps. and slipping jimmy Dec 21, 12:15

$2000/yr avg savings as per TPC X 126,000,000 households = $250 billion/yr, $1.75 trillion over 7 years PhoneHome Dec 21, 12:26

surely they'll all turn out in the midterms to vote for the reps and senators who passed it, if it's such a great deal! slipping jimmy Dec 21, 13:25