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> Apparently half the country is buying into a narrative that their tax bills are going to go up, and I'm not sure where that idea is coming from. Well, you co
by lazyasciiart 9y ago
> Apparently half the country is buying into a narrative that their tax bills are going to go up, and I'm not sure where that idea is coming from.
Well, you could try reading some analyses of the bill, which are pretty clear about what they're saying:
>By 2027, more than half of all Americans — 53 percent — would pay more in taxes under the tax bill agreed to by House and Senate Republicans, a new analysis by the Tax Policy Center finds. That year, 82.8 percent of the bill’s benefit would go to the top 1 percent.....In 2018, the bill is an across-the-board cut for all income groups, but the biggest cuts are reserved for the upper middle class
https://www.vox.com/policy-and-politics/2017/12/18/16791174/republican-tax-bill-congress-conference-tax-policy-center https://www.vox.com/policy-and-politics/2017/12/18/16791174/...
And your last line is a non sequiter, because there are many taxes that are not personal income tax - some of them are even dealt with in this specific bill.
Edit: I didn't downvote you, but I was tempted to because I can't imagine that you don't actually know that the bill contains temporary tax cuts for most people and permanent tax cuts for the very wealthy, so it reads as though you are building a strawman.
- saas_co_de 9y ago> By 2027, more than half of all Americans — 53 percent — would pay more in taxes Grossly misleading because the expiring tax cuts for individuals are an accounting trick and they will almost certainly be extended.