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Legend
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RE: Senate GOP tax bill hurts the poor
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11-29-2017 05:03 PM |
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UofMstateU
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RE: Senate GOP tax bill hurts the poor
(11-29-2017 05:03 PM)bullet Wrote: https://www.cbo.gov/system/files/115th-c...letter.pdf
Here's the numbers without their health insurance assumptions.
I knew it. Also, this nugget from the bottom:
Amounts are for calendar years and exclude effects of several provisions in addition to the elimination of the individual mandate penalty, such as doubling the exemption allowed under estate and gift taxes
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11-29-2017 06:57 PM |
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dave219155@aol.com
Unregistered
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Senate GOP tax bill hurts the poor
That’s an awful big jump after 50k income.
Sent from my iPad using Tapatalk
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12-01-2017 06:34 PM |
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UTSAMarineVet09
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RE: Senate GOP tax bill hurts the poor
what the **** is that chart? that doesn't tell me anything.
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12-01-2017 07:12 PM |
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Kronke
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RE: Senate GOP tax bill hurts the poor
(12-01-2017 07:12 PM)UTSAMarineVet09 Wrote: what the **** is that chart? that doesn't tell me anything.
LOL, the income column is labeled in millions of dollars. So if we take what it says at face value, the first number is less than $10,000 million or $10,000,000,000.
The amazon post needs to stop letting interns and libtard arts degree holders do their charts.
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12-01-2017 07:26 PM |
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HeartOfDixie
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RE: Senate GOP tax bill hurts the poor
It’s funny that people dont understand what a deduction is.
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12-02-2017 11:10 PM |
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umbluegray
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RE: Senate GOP tax bill hurts the poor
(11-29-2017 04:30 PM)Fitbud Wrote: (11-29-2017 04:24 PM)umbluegray Wrote: (11-29-2017 03:51 PM)Fitbud Wrote: (11-29-2017 02:55 PM)Lord Stanley Wrote: Quote:and those earning $100,000 to $500,000 would be big beneficiaries, according to the CBO’s calculations.
That's great news! What should I do with the windfall?
Thankfully, everyone on this forum is independently wealth so we don't have to worry about it.
I'm middle class and the past 8 years have been the hardest I've been through. I'm looking forward to seeing how the next 8 impacts me.
I'm guessing it can't be any worse.
Wow that's amazing.
I make about 10k less than I did 8 years ago and I also had another baby. I've been doing great compared to 8 years ago.
8 years ago, we were a family of three and I was making 10k more and we were barely making it.
You should count yourself fortunate.
Congrats on the new baby!
Just curious, do you have a ballpark figure as to how much your new baby cost in medical bills?
Our daughter was born in 2000. My wife went to the OBGYN in 1999 and found out she was pregnant. That initial visit had an out-of-pocket of $25.
From that moment on until my wife left the hospital my cadillac insurance plan paid EVERYTHING.
My daughter cost $25 -- period. (Obviously she has cost a small fortune since then, but that's another story.)
A coworker and his wife had a baby two years ago after ObamaCare started obliterating cadillac plans.
Since discovering she was pregnant until they returned home from the hospital his share was over $3,600.
I don't even know what kind of a percentage increase that is -- but I can pretty much guarantee it's much higher than the incremental cost of healthcare over the same time period.
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12-03-2017 11:34 AM |
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Hambone10
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RE: Senate GOP tax bill hurts the poor
(11-29-2017 02:40 PM)GrayBeard Wrote: (11-29-2017 12:02 PM)Fitbud Wrote:
By 2019, Americans earning less than $30,000 a year would be worse off under the Senate bill, CBO found. By 2021, Americans earning $40,000 or less would be net losers, and by 2027, most people earning less than $75,000 a year would be worse off. On the flip side, millionaires and those earning $100,000 to $500,000 would be big beneficiaries, according to the CBO’s calculations. (In the CBO table below, negative signs mean people in those income brackets pay less in taxes).
Um, your chart doesn't explain anything. It is hard to respond to nothing.
Very true....
Note that if you follow the summary position, someone earning less than $10,000 will be more than $10,000 worse off (top right)
Iow, the chart doesn't say what the summary claims it does...
I can't tell what it DOES say, but I can tell by that one number that it doesn't say that
If I had to guess, I'd say that this very clearly reflects people moving out of the <10k bucket and most of the taxes those people pay are payroll taxes, meaning they go into their own savings accounts. You sure as hell aren't collecting income taxes from people earning less than 10k.
Ther are other possible explanations... But not the OPs
(This post was last modified: 12-03-2017 01:49 PM by Hambone10.)
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12-03-2017 01:43 PM |
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Fo Shizzle
Pragmatic Classical Liberal
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RE: Senate GOP tax bill hurts the poor
Fabrics. The poor don't pay net taxes now or under the new bill.
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12-03-2017 02:31 PM |
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Fitbud
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RE: Senate GOP tax bill hurts the poor
(12-03-2017 11:34 AM)umbluegray Wrote: (11-29-2017 04:30 PM)Fitbud Wrote: (11-29-2017 04:24 PM)umbluegray Wrote: (11-29-2017 03:51 PM)Fitbud Wrote: (11-29-2017 02:55 PM)Lord Stanley Wrote: That's great news! What should I do with the windfall?
Thankfully, everyone on this forum is independently wealth so we don't have to worry about it.
I'm middle class and the past 8 years have been the hardest I've been through. I'm looking forward to seeing how the next 8 impacts me.
I'm guessing it can't be any worse.
Wow that's amazing.
I make about 10k less than I did 8 years ago and I also had another baby. I've been doing great compared to 8 years ago.
8 years ago, we were a family of three and I was making 10k more and we were barely making it.
You should count yourself fortunate.
Congrats on the new baby!
Just curious, do you have a ballpark figure as to how much your new baby cost in medical bills?
Our daughter was born in 2000. My wife went to the OBGYN in 1999 and found out she was pregnant. That initial visit had an out-of-pocket of $25.
From that moment on until my wife left the hospital my cadillac insurance plan paid EVERYTHING.
My daughter cost $25 -- period. (Obviously she has cost a small fortune since then, but that's another story.)
A coworker and his wife had a baby two years ago after ObamaCare started obliterating cadillac plans.
Since discovering she was pregnant until they returned home from the hospital his share was over $3,600.
I don't even know what kind of a percentage increase that is -- but I can pretty much guarantee it's much higher than the incremental cost of healthcare over the same time period.
My baby was born 6 years ago so probably just before Obamacare kicked in. I estimated that all the medical bills from the time we discovered she was pregnant to the time my daughter left the hospital was 10k.
And we supposedly had good insurance.
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12-03-2017 06:26 PM |
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