Analysis of Trump''s Tax Plan

Originally posted by Robtard
Is the curtain expected to be pulled away within the next 2-3 years, or do calculations have the ramifications of the new Tax Plan not really being felt until very much later?

Recessions coming (imo). So using your scales, even at best and there's no recession, the future looks rather bleak (for the middle and lower classes) due to this tax plan. But the plebs are happy right now with their free bag of flour.

Originally posted by lazybones
Because you were trying to pass those raises off as a 'big deal' when they're an absolute drop in the ocean and clearly just optics. In the medium-long term, the bill will do very little at all and potentially hurt low-middle income people. You can delude yourself all you want, but this tax reform bill was an utter joke of a reform.

But years ago a mere $40 in savings was praised as a big deal by Nancy.

But hey, that's cool. Lets just simplify things about this. By the time Trumps term ends in 2020 will this tax plan have helped a good number of americans or harmed a good number?

He literally answered that already, sport.

Originally posted by Robtard
He literally answered that already, sport.

In vague terms, but okay.

Originally posted by Surtur
In vague terms, but okay.

No, in simple direct English. Do you speak it? HYG again:

"In the medium-long term, the bill will do very little at all and potentially hurt low-middle income people. You can delude yourself all you want, but this tax reform bill was an utter joke of a reform." -lazybones

Surely you're aware that around (or just over) 50% of Americans fall into the "middle class" category. Surely you know that.

Originally posted by Robtard
No, in simple direct English. Do you speak it? HYG again:

"In the medium-long term, the bill will do very little at all and potentially hurt low-middle income people. You can delude yourself all you want, but this tax reform bill was an utter joke of a reform." -lazybones

Surely you're aware that around (or just over) 50% of Americans fall into the "middle class" category. Surely you know that.

Lol and again, it's vague. What does "very little" mean? What is little to one person might be different for another. And when he says "potentially", what actual chance are we talking about? Percentage wise? It's not a lot to work with and don't pretend it is.

Okay, you're just dense then. Moving on.

Originally posted by Robtard
Okay, you're just dense then. Moving on.

No I'm proving you wrong. In an atmosphere where people can be partisan and downplay shit when it suits them, saying "this does very little" tells me nothing substantial and you're naive if you think it does.

"Potentially" this might hurt people also does not tell me anything. Potentially I might get in a car accident next time I go driving, but chances are high I won't.

Originally posted by Surtur
But years ago a mere $40 in savings was praised as a big deal by Nancy.

But hey, that's cool. Lets just simplify things about this. By the time Trumps term ends in 2020 will this tax plan have helped a good number of americans or harmed a good number?

http://uk.businessinsider.com/trump-tax-reform-bill-goldman-sachs-text-analysis-2017-12

And to clarify what I meant by 'potentially' in my other post, there are a few think-tanks that are more optimistic about this tax bill. However, even right-wing organizations like the Tax Foundation don't have the bill meeting its targets for growth, and they don't fully account for the effects of increased debt. And ultimately, the expiry of the personal cuts+chained CPI make it inevitable that many people will be paying more tax, because the chained CPI measure moves people into higher tax brackets. Read this for more:

http://www.latimes.com/business/hiltzik/la-fi-hiltzik-chained-cpi-tax-bill-20171121-story.html

What Republicans really like about the chained CPI is that it tends to show a lower inflation rate than the alternative, typically by 0.3 percentage point a year. The difference pencils out to significant dollars: Changing the inflation index immediately would raise about $125 billion over the next decade and nearly $500 billion in the decade after that, according to the Tax Policy Center.

Most of that money would come out of the pockets of middle- and working-class taxpayers. Most important, it would slow inflation adjustments to tax brackets. This would hurt those taxpayers because more of them would move into higher tax brackets purely because of inflation in their wages. High-income taxpayers who already pay the top tax rate wouldn’t be affected the same way.

Okay, so would it be fair to see we don't truly know one way or another if this will succeed?

Originally posted by Surtur
No I'm proving you wrong. In an atmosphere where people can be partisan and downplay shit when it suits them, saying "this does very little" tells me nothing substantial and you're naive if you think it does.

"Potentially" this might hurt people also does not tell me anything. Potentially I might get in a car accident next time I go driving, but chances are high I won't.

"This does very little" in the context of how the tax plan will positively affect people (ie the topic at hand) tells you that it does very little, meaning it's not very good, if at all. So you're either legit dense or playing games because your previous smugphaggotry post was shot down and you didn't like it. 50/50 chance of either at this point.

Originally posted by Robtard
"This does very little" in the context of how the tax plan will positively affect people (ie the topic at hand) tells you that it does very little, meaning it's not very good, if at all. So you're either legit dense or playing games because your previous smugphaggotry post was shot down and you didn't like it. 50/50 chance of either at this point.

But as I said, it's a subjective term lol. The fact you don't grasp this, yet call others dense is hilarious.

But it's not, sport.

He's literally answering you and it's not what you want to hear so you're doing flips like a clown. Case in point, your most recent reply to his points below:

Originally posted by Surtur
Okay, so would it be fair to see we don't truly know one way or another if this will succeed?

He's showing you models and it's not looking good thus far

He's telling me some say it will be good, some won't, and again, just saying "very little" is subjective. There is no argument in which it isn't.

Originally posted by Surtur
Exxon Mobil CEO announces $50 billion investment in US production and jobs, credits tax cuts

Neat.

^^We're gonna need a vacuum to clean up all these crumbs.

BUT SURTUR!!!! WE KILLED TINY TIM!!!! TINY TIM IS DEAD AND IT'S ALL OUR FAULT!!!

Originally posted by Emperordmb
BUT SURTUR!!!! WE KILLED TINY TIM!!!! TINY TIM IS DEAD AND IT'S ALL OUR FAULT!!!

I wonder what the death toll is at now. How many have died over this tax plan? Tens of millions, no doubt about it.

And now this? Expect to be going to a lot of funerals soon.

Originally posted by Robtard
Bread and circuses

Originally posted by Surtur
I wonder what the death toll is at now. How many have died over this tax plan? Tens of millions, no doubt about it.

And now this? Expect to be going to a lot of funerals soon.

That pile of dead grandma's that got pushed off the cliff must be taller then the actual cliff at this point.