Forums Forums - Off Topic Forum FUN




Go Back   Forums Forums - Off Topic Forum FUN > Off Topic Forums > Business 101 Forum

Business 101 Forum Small Business, Big Business, ...any business talk here.

Reply
 
Thread Tools Search this Thread Display Modes
  #1  
Old 04-23-2019, 08:01 AM
jim slagle's Avatar
jim slagle jim slagle is offline
Cold Member

 
Join Date: Oct 2005
Posts: 13,959
Thanks: 38,295
Thanked 19,783 Times in 8,214 Posts
jim slagle is on a distinguished road
Default The Times confesses: Most taxpayers got a tax cut under Trump

April 23, 2019
The Times confesses: Most taxpayers got a tax cut under Trump
By Peter Skurkiss

https://www.americanthinker.com/blog...der_trump.html

On April 14, the day before the deadline for income tax filing, the New York Times admitted that the 2017 tax cut law resulted in most taxpayers paying less federal income tax. This is an amazing report from the mother ship of liberal propaganda. The Times had previously tacitly supported the dishonest claim that the Republican-sponsored tax reform which President Trump signed was a tax increase on the middle class.
Times reporters Ben Casselman and Jim Tankersley now write:

Quote:
Ever since President Trump signed the Republican-sponsored tax bill in December 2017, independent analyses have consistently found that a large majority of Americans would owe less because of the law. Preliminary data based on tax filings has shown the same.
Well, duh. When you cut the tax rate for middle-income earners, a group that makes up the great majority of taxpayers, how could it be otherwise? But despite this mathematical logic, polls found that most Americans believed they hadn't got a tax cut and that a large minority thought their taxes had actually increased, even though not even one in ten households actually saw an increase in federal taxes.

The Times piece came with a revealing bar chart from the independent Tax Policy Center, which shows the skepticism of various income groups verses reality of the tax cuts they received. For instance, households making $30,000 to $50,000 got a tax cut of 69.1% while only 36.1% think they got a tax cut. This finding is consistent across the entire income range.

What’s the cause of this disconnect? The Times provides the answer:

Quote:
To a large degree, the gap between perception and reality on tax cuts appears to flow from a sustained -- and misleading -- effort by liberal opponents of the law to brand it as a broad middle-class tax increase.
The Democratic disinformation campaign, aided and abetted by the media, seems to have worked. A December 2017 SurveyMonkey poll showed about 66 percent of all taxpayers did not believe the Trump tax reform would result in lower taxes to them while 75 percent of Democrats thought the same. A poll taken this month showed again that 75 percent of Democrats didn't think they got a tax cut while the overall percent of Americans who thought they did rose only slightly.

Casselman and Tankersley also dispel the myth promoted by politicians in high-income states like New York, New Jersey, California, etc. that the changes in the so-called SALT deductions resulted in tax increases. Two-thirds of American households, and even two thirds of tax filers in New York State, take the standardized deduction. This means the SALT cap is irrelevant to them. Furthermore...

Paradoxically, many higher-income households weren't getting the SALT deduction, either. That's because the alternative minimum tax effectively wiped out many deductions, including SALT, for couples earning more than $250,000 a year. The tax law significantly defanged the A.M.T., meaning most of those households ended up getting a bit of a tax cut.

There are several major takeaway points from all this. First, it shows how inherently dishonest Democrats and their media accomplices are. They are of the left, and the left is devoid of any decency and scruples. These people will lie and cheat about anything and everything to satisfy their lust for power. Lying for 'the cause' is a badge of honor for them.

The second point is even more depressing. The Times story illustrates how powerful the mainstream media still is and how terribly gullible people are to its propaganda. The left-wing media is clear and present danger to sound and honest government.

The Times is coming clean now that the damage of the Democratic propaganda has been done. Who knows how many Republican seats were lost in the House in 2018 because people believed the GOP increased their taxes?
__________________
.

The United States Constitution ©1787. All Rights Reserved

Sometimes I'm fast. Most of the time I'm half fast!

Never put off till tomorrow what you can avoid all together!

Friends come and go, but enemies accumulate

FF REQUIRES NO PHYSICAL FITNESS PROGRAM.
EVERYONE GETS ENOUGH EXERCISE JUMPING TO CONCLUSIONS, FLYING
OFF THE HANDLE, RUNNING DOWN THE MODERATORS, KNIFING FRIENDS IN THE
BACK, DODGING RESPONSIBILITY AND PUSHING THEIR LUCK.
Reply With Quote
  #2  
Old 04-23-2019, 08:01 AM
Melensdad's Avatar
Melensdad Melensdad is offline
Jerk in a Hawaiian Shirt

 
Join Date: Sep 2005
Location: Indiana
Posts: 35,906
Thanks: 2,279
Thanked 8,979 Times in 3,638 Posts
Melensdad has a spectacular aura aboutMelensdad has a spectacular aura about
Default Re: The Times confesses: Most taxpayers got a tax cut under Trump

I know I got one.
__________________

"We are fast approaching the stage of the ultimate inversion:
the stage where the government is free to do anything it pleases,
while the citizens may act only by permission; which is the stage
of the darkest periods of human history, the stage of rule by brute force."
- Ayn Rand
Reply With Quote
The Following User Says Thank You to Melensdad For This Useful Post:
jim slagle  (04-23-2019)
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
How many times have the media predicted doom because of Trump, and how many times jim slagle Political Debate Forum 4 01-13-2019 02:48 PM
Flashback: Five Times Critics Mocked Trump over Migrant Caravan jim slagle Political Debate Forum 0 11-27-2018 08:56 AM
Secret Service Slams New York Times Over Trump Assassination Story jim slagle Political Debate Forum 3 10-29-2018 09:24 PM
The New York Times tries hard to understand Trump voters jim slagle Political Debate Forum 1 06-24-2018 03:34 PM
NY Times: Trump forces Black Family From Home Doc Political Debate Forum 4 11-10-2016 11:07 PM





All times are GMT -4. The time now is 02:13 PM.


Powered by vBulletin® Version 3.8.9
Copyright ©2000 - 2019, vBulletin Solutions, Inc.
Copyright © 2002 - 2018 www.ForumsForums.com