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What alternative? The same alternative that cut taxes for his rich friends [1], and hiked the taxes for the same people that voted for him [2-3]? [1] https://
by PartiallyTyped 5y ago
What alternative?
The same alternative that cut taxes for his rich friends [1], and hiked the taxes for the same people that voted for him [2-3]?
[1] https://www.theguardian.com/business/2019/oct/09/trump-tax-cuts-helped-billionaires-pay-less https://www.theguardian.com/business/2019/oct/09/trump-tax-c...
[2] https://www.nytimes.com/2020/10/31/opinion/republicans-biden-taxes.html https://www.nytimes.com/2020/10/31/opinion/republicans-biden...
[3] https://www.washingtonpost.com/news/wonk/wp/2017/11/16/senate-tax-bill-cuts-taxes-of-wealthy-and-hikes-taxes-of-families-earning-under-75000-over-a-decade/ https://www.washingtonpost.com/news/wonk/wp/2017/11/16/senat...
> The law they passed initially lowered taxes for most Americans, but it built in automatic, stepped tax increases every two years that begin in 2021 and that by 2027 would affect nearly everyone but people at the top of the economic hierarchy. All taxpayer income groups with incomes of $75,000 and under — that’s about 65 percent of taxpayers — will face a higher tax rate in 2027 than in 2019.
- hirako2000 5y agoby 2027, the over $75k earners will represent far more than 65% of tax payers. even at ordinary inflation, which is very unlikely going to remain as "low" as for the last 5y. interesting struggle ahead. Thanks for posting some sources. it's fascinating.
- PartiallyTyped 5y agoI have sources for more interesting stuff regarding Trump, here: https://news.ycombinator.com/item?id=30542741 https://news.ycombinator.com/item?id=30542741