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Wake Up! Trump’s Tax Plan Benefits “Top 1%” Most, Middle Class to Pay MORE Taxes

The tax plan will cost $2.4 trillion over the first decade and $3.2 trillion over the second decade, on a static basis
Fast forward to 2027, when the overall average tax cut would be smaller than in 2018, increasing after-tax incomes 1.7 percent. Taxpayer groups in the bottom 80 percent of the income distribution—those making less than about $150,000—would receive average tax cuts of 0.5 percent or less of after-tax income. However, taxpayers making between about $150,000 and $300,000 would on average pay about $800 more in taxes than under current law. And the one item which Democrats will love: about 80% of the total benefit would accrue to taxpayers in the top 1 percent, whose after-tax income would increase 8.7 percent.

It gets worse: by 2027, taxes would rise for roughly one-quarter of taxpayers, including nearly 30 percent of those with incomes between about $50,000 and $150,000 and 60 percent of those making between about $150,000 and $300,000.

According to the Tax Policy Center, the number of taxpayers with a tax increase rises over time. This is because the plan would replace personal exemptions, which are indexed for inflation, with additional credits for children and non-child dependents that are not indexed for inflation. In addition, indexing tax brackets and other parameters to the slower-growing chained Consumer Price Index means that over time more income is subject to tax at higher rates.

Finally, there is of course, the repeal of the state and local tax deduction, a move which is expected to be widely hated by homeowners across the US, but as the chart below shows, by democrat states far more than republican states.

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How to Not Crumble Under the Weight of the World

Teresa reflects on how to manage responsibility in these tumultuous times and soul actualization.
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MICHELLE OBAMA JUST CAME OUT AND ADMITTED SOMETHING HUGE ABOUT BEING A WOMAN

Sub for more: http://nnn.is/the_new_media | Paris Swade for Liberty Writers reports, Michelle Obama was in Boston for the “Inbound conference” and she did not hold back. She tore into EVERY women that voted for Donald Trump. Like she really, really hates them.

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Copyright Disclaimer: Citation of articles and authors in this report does not imply ownership. Works and images presented here fall under Fair Use Section 107 and are used for commentary on globally significant newsworthy events. Under Section 107 of the Copyright Act 1976, allowance is made for fair use for purposes such as criticism, comment, news reporting, teaching, scholarship, and research.
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A Mystery Ball Where the Illuminati Have Cloven Hooves

The revelers gathered Saturday evening outside a store on the Upper East Side with taxidermied parrots in the window: women in floor-kissing gowns and little black dresses, men in suits.

A party bus arrived and the revelers crowded on. The blinds were drawn, so they could not see out. The traffic bucked and lurched and eventually thinned, and then the revelers were hurtling up a highway somewhere, eating cucumber sandwiches and drinking sparkling wine. They were headed to the Illuminati Ball.
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This video is fair use under U.S. copyright law because it is non-commercial, transformative in nature, uses no more of the original work than necessary for the video’s purpose, and does not compete with the original work and could have no negative affect on its market.
Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for -fair use- for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use.

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BUSTED: THIS SHOCKING NEW EVIDENCE WILL HELP TRUMP BURY THE CROOKED MEDIA AND THE DEMS WANT IT GONE

Sub for more: http://nnn.is/the_new_media | Alex Santana for Liberty Writers reports, President Trump made waves when he first began calling out major media outlets for their unfounded and biased reporting, but more evidence continues to surface that proves President Trump is right.

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