As another Lame Cherry exclusive in matter anti matter.
I received a nice explanation from a Republican Congressperson, and something caught my attention in this American Genocide Tax plan and I highlighted the parts in BOLD.
Significantly lower individual tax rates for low- and middle-income Americans to Zero, 12%, 25% and 35%. High-income Americans will maintain the 39.6% rate.To explain the above, the people earning 45,000 dollars and are single, are not going to be able to afford to get married, have children or save for a home, because one quarter of their income will be confiscated. Think of it in if you earned 44,000 dollars you would only be taxed 4,880 dollars, but for a thousand dollars more, your tax bill would be 12,500 dollars. Meaning that you really only earned 33,500 dollars which in this Trump Obama inflation era, you are 3000 dollars away from the poverty level.
- 0%: Married couples making less than $24,000 / Single filers making less than $12,000 (the increased standard deduction protects these families from taxation)
- 12%: Married couples making $24,000-$90,000 / Single filers making $12,000-$45,000
- 25%: Married couples making $90,000-$260,000 / Single filers making $45,000-200,000
- 35%: Married couples making $260,000-$1,000,000 / Single filers making $200,000-$500,000
- 39.6%: Married couples making more than $1,000,000 / Single filers making more than $500,000
The poor really get reamed in this, as a couple earning 24,000 dollars will not have anything left but to starve on at a 12% tax.
The 35% rate is as bad, as it prohibits the 200,000 dollar earners from ever being able to make that jump to the multi millionaire club. This may not sound like it would matter to you, but when you have one third of your income confiscated, you can never splurge on the things which poor people need in jobs, tips and picking up the tab for the poor brother in law.
Do you think the above is fair if you made a million dollars and had just 650,000 dollars after federal taxes? You may think it is ok to screw the rich, but in this Trump tax, you are being screwed to genocide as this taxation targets people saving to have families and homes, and penalizes successful people from ever bridging the gap to the millionaires club.
This is a tax policy against White Americans, as that is who are in these groups. It keeps the poor poor, it impoverishes the key group of those trying to make families and it stagnates the productive class from ever keeping the money they would distribute to the working classes.
This Congressperson made not mention of the repeal of the Obamacare mandate which was interesting, so do not bank on that Senate feature. I personally have absolutely no faith in this Trump Tax as no one is pointing out what this blog has. Either you get that shit for brains Nancy Pelosi spewing talking points or you get Sean Homo Hannity saying how great of deal this is. All this Trump Tax is, is an attack on the poor and productive White middle class in wiping it out. It confiscates their money and hands it over to the conglomerates who have the welfare and war mandates from this Congress.
This is not the three brackets Donald Trump promised and this is not a tax reform to make American Great Again. All this does is wipe out the White American Class and make the 1% even more rich.