The Official Trump is Doing Awesome Thread

[Chris]

[Chris]

[Chris]

Amen

[Chris]

[Chris]

[Chris]

Disgusting

[Chris]

[Chris]

[Pavlov]

Your taxes are going up.

[boutons_deux]

[dabom]

[Spurminator]

Meme dump lol so funny not pathetic at all

[Reck]

Whose job is it to do this?

This is stupid and redundant as . Everyone needs a job I guess.

[Chris]

Whose job is it to do this?

This is stupid and redundant as . Everyone needs a job I guess.

Trump calls the shots, not Clinton.

[DMX7]

[Chris]

It's coming someday

[Chris]

[boutons_deux]

Jared Kushner is currently in ‘secret talks’ with the Saudis — and Rex Tillerson is freaked out

https://www.rawstory.com/2017/12/jar...e+Raw+Story%29

[Chris]

[Spurminator]

It's like boutons but the picture book version.

[Chris]

James MF'n Woods!

[Chris]

Your taxes are going up.

Explain please.

[rmt]

I'd like to see Pavlov's explanation too. Here's a previous post of mine:

Let's use the average US median salary of $44148 rounded down to 44k for ease:

Current taxes for 2017 (single filer)
44000 - 10400 = 33600 taxable income
0-9325 taxed at 10% = 932.50 tax
33600-9325 = 24275 taxed at 15% = 3641.25 tax
932.50 + 24275 = 4573.75 total tax

Trump's plan
44000-12000 = 32000 taxable income
32000 taxed at 12% = 3840 total tax

As far as I know $3840 < $4573.75

It's a disgrace that this article is being passed around to all the media outlets without some one at least checking the math. I don't believe everything I read, and I always check my math especially when it comes to money.

https://www.forbes.com/sites/kellyph.../#db6e78570175

[Chris]

I'd like to see Pavlov's explanation too. Here's a previous post of mine:

Let's use the average US median salary of $44148 rounded down to 44k for ease:

Current taxes for 2017 (single filer)
44000 - 10400 = 33600 taxable income
0-9325 taxed at 10% = 932.50 tax
33600-9325 = 24275 taxed at 15% = 3641.25 tax
932.50 + 24275 = 4573.75 total tax

Trump's plan
44000-12000 = 32000 taxable income
32000 taxed at 12% = 3840 total tax

As far as I know $3840 < $4573.75

It's a disgrace that this article is being passed around to all the media outlets without some one at least checking the math. I don't believe everything I read, and I always check my math especially when it comes to money.

https://www.forbes.com/sites/kellyph.../#db6e78570175

Thanks, this is what I was looking for without sifting through the flotsam and jetsam.

[rmt]

Looks like that's bull .

But a do ent published by Jonathan Swan of the news website Axios shows this is badly misleading — the plan would increase the standardized deductions available to taxpayers by 15% or less.

Meanwhile, taxpayers who still wouldn't take the standard deduction under the Republican plan — those who would instead deduct things like mortgage interest — would pay tax on more of their income than they do now.

Here's the important fine print: "To simplify the tax rules, the additional standard deduction and the personal exemptions for taxpayer and spouse are consolidated into this larger standard deduction."

Here's how that math works. Let's say you are single with no dependents, and you have a moderate income. Currently, you get to take the standard deduction ($6,350) and one personal exemption ($4,050). If you are 65 or older, you also get to take an additional standard deduction ($1,250). That adds up to $10,400, or $11,650 if you're over 65.

The Republican plan would replace all these provisions with a single deduction of $12,000 ($24,000 for married couples.) That's a 15% increase — except for seniors, who get a 3% increase.

And then your first dollar of taxable income would be subjected to a 12% tax rate, instead of the current 10%. But don't worry — the framework says "additional tax relief," as yet unspecified, will emerge for you during the committee process.

https://finance.yahoo.com/news/doubl...143000571.html

Pavlov's probably still believes this yahoo article he posted earlier which I debunked back then and above. Oh, and to make it worse, (I didn't notice this before) this article is saying that it's a 15% increase - like an increase in a DEDUCTION is a bad thing for the taxpayer.