Current Events > Thanks to the shit media, Americans don't realize that 80% of them get tax cuts

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The Admiral
12/21/17 12:15:09 PM
#1:


https://www.theatlantic.com/politics/archive/2017/12/why-dont-63-percent-of-americans-realize-theyre-getting-a-tax-cut-for-christmas/548852/

Four out of five taxpayers will see their bills reduced in 2018, but few of them expect to see the cash.

Have you ever come up with what you think is the perfect Christmas gifta well-chosen, carefully considered presentonly for the recipient to react not just with indifference, but with outright hostility? Donald Trump, Mitch McConnell, and Paul Ryan can sympathize.

Most Americans will save money under the tax bill that the Senate passed Tuesday night and the House passed Wednesday. The size of that benefit varies, but 80 percent of households will see some benefit in 2018. (The cuts shrink over time, eventually reduced to nothing for most people in 2027.) Its not just that a plurality of respondents in a new NBC News/Wall Street Journal poll say the cuts are a bad idea (41-24, with 35 percent unsure or holding no opinion), or might have bad long-term effects. Its that only 17 percent actually believe theyll get a break. That result is in line with other polls that have shown similar skepticism about receiving any benefit.

Republican leaders insist that once people start seeing the benefits, their views on the taxes will turn around. If we cant sell this to the American people then we should be in another line of work, McConnell said early Wednesday morning. Whether or not that is true, the unpopularity of the cuts now is remarkable. Who doesnt like free money?

President Trumps theory for unawareness about the impending tax cuts is unsurprising, since its his standard explanation for all of his travails. The Tax Cuts are so large and so meaningful, and yet the Fake News is working overtime to follow the lead of their friends, the defeated Dems, and only demean, Trump tweeted Wednesday morning. This is truly a case where the results will speak for themselves, starting very soon. Jobs, Jobs, Jobs! McConnell griped at reporters Tuesday night, Your job is to use the Democrats talking points. I understand that.

Coverage of the bill has been negativeFareed Zakaria called it possibly the worst piece of major legislation in a generationbut while that cant help, placing the blame entirely on the press overestimates its influence and ignores that portions of the bill are simply unpopular, and thats after tens of millions of dollars in ad spending to boost its approval. The bills unpopularity might also be traced to anger about the fact that it undermines the newly popular Affordable Care Act, or awareness that its cuts will eventually expire, but thats different from the strictly empirical whether it will reduce tax bills in the immediate term. Besides, the number of people directly affected by the changes to health care is small.


Sour grapes and Trump Derangement Syndrome have this being spun as a "tax cut for the rich" by the humiliated media, when reality couldn't be farther from it.
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That_Happened
12/21/17 12:16:37 PM
#2:


The Admiral posted...
Who doesnt like free money?

No such thing as a free lunch.
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s0nicfan
12/21/17 12:17:03 PM
#3:


This is the same as when people in red states were vehemently against "Obamacare" but were totally sold on "the affordable care act" because they had no idea they were the same thing. Distrust in the media, while some people like to blame it on trump, is based on a growing list of instances like these where people are clearly being manipulated to think one way or another by blatantly obscuring facts that might change their opinion.
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DragonGirlYuki
12/21/17 12:18:40 PM
#4:


Money in my pocket is better than money in the government's coffers.
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HypnoCoosh
12/21/17 12:19:11 PM
#5:


DragonGirlYuki posted...
government's coffers


And spillage.
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DragonGirlYuki
12/21/17 12:19:51 PM
#6:


Big government just means more waste.
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Anarchy_Juiblex
12/21/17 12:22:47 PM
#7:


By keeping an extra few hundred that I worked for, the rich get to keep millions and billions that could go into the economy and maintaining govt. services?
You wonder why we think it's a bad deal?
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DifferentialEquation
12/21/17 12:24:18 PM
#8:


Don't worry. Once people start seeing increases in their paychecks the left leaning media will find a way to give credit to the Democrats for it.
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Secret Asian Man
12/21/17 12:24:36 PM
#9:


It's true my tax will go down almost 2%.

But that same bill makes my health insurance premium go up 4% unless my employer eats it, which I doubt.
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tremain07
12/21/17 12:24:52 PM
#10:


Not to mention it's temporary while the rich get their cuts forever and ever
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HypnoCoosh
12/21/17 12:25:29 PM
#11:


Anarchy_Juiblex posted...
By keeping an extra few hundred that I worked for, the rich get to keep millions and billions that could go into the economy and maintaining govt. services?
You wonder why we think it's a bad deal?


1) You equate "you" as singular and "rich" as plural but act like the are synonymous?
2) You assume that million and billions "won't go into the economy" TOTAL and utter BS
3) "We think" it's a bad deal. Ya, you "think" and not very hard about it
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Caution999
12/21/17 12:25:47 PM
#12:


The media is literally against the best interest of the common population. Anything for ratings...they'd walk over their own mother if it meant they could write another story about Trump placing THREE scoops on his ice cream cone.
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#13
Post #13 was unavailable or deleted.
DifferentialEquation
12/21/17 12:26:55 PM
#14:


Anarchy_Juiblex posted...
By keeping an extra few hundred that I worked for, the rich get to keep millions and billions that could go into the economy and maintaining govt. services?
You wonder why we think it's a bad deal?


Funny how when you're mentioning the extra money you'll be keeping you emphasize that it was the money you worked for but don't do the same for the rich.
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tremain07
12/21/17 12:33:44 PM
#15:


Godnorgosh posted...
It's a GameStop trade.

I think I just exploded in rage realizing this. Fucking assholes sold me a wii for 300 dollars back in the day and the very next day i tried to trade it in for a Ps3 they said they would only give me 50 fucking dollars for it despite it still being brand spanking new! Fuck Gamestop, i can't wait til those bastards go out of business!! You just brought back 10 years worth of rage,Godnorgosh
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Muffinz0rz
12/21/17 12:41:13 PM
#16:


tremain07 posted...
Godnorgosh posted...
It's a GameStop trade.

I think I just exploded in rage realizing this. Fucking assholes sold me a wii for 300 dollars back in the day and the very next day i tried to trade it in for a Ps3 they said they would only give me 50 fucking dollars for it despite it still being brand spanking new! Fuck Gamestop, i can't wait til those bastards go out of business!! You just brought back 10 years worth of rage,Godnorgosh

Don't hold your breath
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The Admiral
12/21/17 8:58:51 PM
#17:


DifferentialEquation posted...
Anarchy_Juiblex posted...
By keeping an extra few hundred that I worked for, the rich get to keep millions and billions that could go into the economy and maintaining govt. services?
You wonder why we think it's a bad deal?


Funny how when you're mentioning the extra money you'll be keeping you emphasize that it was the money you worked for but don't do the same for the rich.


This is always a bizarre double standard.
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AlternativeFAQS
12/21/17 8:59:51 PM
#18:


tremain07 posted...
Not to mention it's temporary while the rich get their cuts forever and ever
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josifrees
12/21/17 9:02:33 PM
#19:


What about the 20% huh? Wtf
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prince_leo
12/21/17 9:05:35 PM
#20:


can't speak for others, but getting a couple extra grand means fuck all to me if it means we're cutting gov't programs I indirectly benefit from
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loafy013
12/21/17 9:13:59 PM
#21:


DifferentialEquation posted...
Anarchy_Juiblex posted...
By keeping an extra few hundred that I worked for, the rich get to keep millions and billions that could go into the economy and maintaining govt. services?
You wonder why we think it's a bad deal?


Funny how when you're mentioning the extra money you'll be keeping you emphasize that it was the money you worked for but don't do the same for the rich.

There is a difference between money earned by physically working every compared to getting a check because the stock market swung in the right direction.
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Shadowplay
12/21/17 9:24:57 PM
#22:


Too bad that those tax cuts are smoke and mirrors, designed to expire several years down the line while the corporate tax cuts stay.
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sondast
12/21/17 9:29:42 PM
#23:


If these tax cuts are so great then why do the middle class tax cuts expire after 10 years while the corporate cuts are permanent?
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Ruvan22
12/21/17 9:32:57 PM
#24:


The Admiral posted...
DifferentialEquation posted...
Anarchy_Juiblex posted...
By keeping an extra few hundred that I worked for, the rich get to keep millions and billions that could go into the economy and maintaining govt. services?
You wonder why we think it's a bad deal?


Funny how when you're mentioning the extra money you'll be keeping you emphasize that it was the money you worked for but don't do the same for the rich.


This is always a bizarre double standard.


So every rich person actually went out and *worked* for all their money?
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The Admiral
12/21/17 9:34:50 PM
#25:


Ruvan22 posted...
The Admiral posted...
DifferentialEquation posted...
Anarchy_Juiblex posted...
By keeping an extra few hundred that I worked for, the rich get to keep millions and billions that could go into the economy and maintaining govt. services?
You wonder why we think it's a bad deal?


Funny how when you're mentioning the extra money you'll be keeping you emphasize that it was the money you worked for but don't do the same for the rich.


This is always a bizarre double standard.


So every rich person actually went out and *worked* for all their money?


The vast majority of them did, yes.
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ColdRainAndSnow
12/21/17 9:36:29 PM
#26:


Yay a few hundred dollars back each family and cooperations get trillions back, totally fair and good for the middle class American.
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thronedfire2
12/21/17 9:39:35 PM
#27:


they probably also don't realize all the services they use that are going to get budget cuts either
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The Great Muta 22
12/21/17 9:41:03 PM
#28:


Perhaps if the GOP didn't want to be viewed as the party of the rich they should do more to separate themselves from it. Which you know, doesn't involve filling your cabinet with Goldman Sachs executives, having your Secretary of Treasury pose with money and his model wife, and other actions which make people distrust you?
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glitteringfairy
12/21/17 9:44:19 PM
#29:


loafy013 posted...
DifferentialEquation posted...
Anarchy_Juiblex posted...
By keeping an extra few hundred that I worked for, the rich get to keep millions and billions that could go into the economy and maintaining govt. services?
You wonder why we think it's a bad deal?


Funny how when you're mentioning the extra money you'll be keeping you emphasize that it was the money you worked for but don't do the same for the rich.

There is a difference between money earned by physically working every compared to getting a check because the stock market swung in the right direction.

Nothing is stopping you from playing the stock market too. It's not an exclusive club
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loafy013
12/21/17 9:46:02 PM
#30:


glitteringfairy posted...
loafy013 posted...
DifferentialEquation posted...
Anarchy_Juiblex posted...
By keeping an extra few hundred that I worked for, the rich get to keep millions and billions that could go into the economy and maintaining govt. services?
You wonder why we think it's a bad deal?


Funny how when you're mentioning the extra money you'll be keeping you emphasize that it was the money you worked for but don't do the same for the rich.

There is a difference between money earned by physically working every compared to getting a check because the stock market swung in the right direction.

Nothing is stopping you from playing the stock market too. It's not an exclusive club

So what do you recommend I invest in with the spare $10 I have at the end of every month to get aboard the gravy train?
---
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glitteringfairy
12/21/17 9:47:16 PM
#31:


loafy013 posted...
glitteringfairy posted...
loafy013 posted...
DifferentialEquation posted...
Anarchy_Juiblex posted...
By keeping an extra few hundred that I worked for, the rich get to keep millions and billions that could go into the economy and maintaining govt. services?
You wonder why we think it's a bad deal?


Funny how when you're mentioning the extra money you'll be keeping you emphasize that it was the money you worked for but don't do the same for the rich.

There is a difference between money earned by physically working every compared to getting a check because the stock market swung in the right direction.

Nothing is stopping you from playing the stock market too. It's not an exclusive club

So what do you recommend I invest in with the spare $10 I have at the end of every month to get aboard the gravy train?

There are all sorts of penny and dollar stocks. If your really interested you could seek the advice of a stock professional to get you started
---
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Ruvan22
12/21/17 9:48:02 PM
#32:


The Admiral posted...
Ruvan22 posted...
The Admiral posted...
DifferentialEquation posted...
Anarchy_Juiblex posted...
By keeping an extra few hundred that I worked for, the rich get to keep millions and billions that could go into the economy and maintaining govt. services?
You wonder why we think it's a bad deal?


Funny how when you're mentioning the extra money you'll be keeping you emphasize that it was the money you worked for but don't do the same for the rich.


This is always a bizarre double standard.


So every rich person actually went out and *worked* for all their money?


The vast majority of them did, yes.


Do you have some stats to back that up? "Vast majority" would be.. more than 80%?
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BuzzyTheCat
12/21/17 9:48:57 PM
#33:


Anarchy_Juiblex posted...
By keeping an extra few hundred that I worked for, the rich get to keep millions and billions that could go into the economy and maintaining govt. services?
You wonder why we think it's a bad deal?


Huh...what is a percentage? I cant believe someone that makes 35k a year gets a smaller break in dollar amount than someone that makes 35 million a year. Im baffled how that works
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loafy013
12/21/17 9:51:00 PM
#34:


glitteringfairy posted...
loafy013 posted...
glitteringfairy posted...
loafy013 posted...
DifferentialEquation posted...
Anarchy_Juiblex posted...
By keeping an extra few hundred that I worked for, the rich get to keep millions and billions that could go into the economy and maintaining govt. services?
You wonder why we think it's a bad deal?


Funny how when you're mentioning the extra money you'll be keeping you emphasize that it was the money you worked for but don't do the same for the rich.

There is a difference between money earned by physically working every compared to getting a check because the stock market swung in the right direction.

Nothing is stopping you from playing the stock market too. It's not an exclusive club

So what do you recommend I invest in with the spare $10 I have at the end of every month to get aboard the gravy train?

There are all sorts of penny and dollar stocks. If your really interested you could seek the advice of a stock professional to get you started

https://www.youtube.com/watch?v=_nVk25ZvTkU

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glitteringfairy
12/21/17 9:53:20 PM
#35:


loafy013 posted...
glitteringfairy posted...
loafy013 posted...
glitteringfairy posted...
loafy013 posted...
DifferentialEquation posted...
Anarchy_Juiblex posted...
By keeping an extra few hundred that I worked for, the rich get to keep millions and billions that could go into the economy and maintaining govt. services?
You wonder why we think it's a bad deal?


Funny how when you're mentioning the extra money you'll be keeping you emphasize that it was the money you worked for but don't do the same for the rich.

There is a difference between money earned by physically working every compared to getting a check because the stock market swung in the right direction.

Nothing is stopping you from playing the stock market too. It's not an exclusive club

So what do you recommend I invest in with the spare $10 I have at the end of every month to get aboard the gravy train?

There are all sorts of penny and dollar stocks. If your really interested you could seek the advice of a stock professional to get you started

https://www.youtube.com/watch?v=_nVk25ZvTkU

That's a risk you run when you invest money into anything on the planet my man. It doesn't really sound like your interested in actually investing anything but would rather just stand on the sidelines shaking your fist at people that do
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Solid Snake07
12/21/17 9:57:51 PM
#36:


It's pretty shitty long term for most people. But I would assume the tax code will probably be changed again some time in the next decade.
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loafy013
12/21/17 10:00:39 PM
#37:


glitteringfairy posted...
That's a risk you run when you invest money into anything on the planet my man. It doesn't really sound like your interested in actually investing anything but would rather just stand on the sidelines shaking your fist at people that do

Sorry, I've just had it up to here in the past when people have said "just invest in stocks yourself then". Like one guy I worked with. I barely make ends meet, and he is talking about how easy it was to get started, glossing over the fact his uncle gave him a $10k gift to start his portfolio like it had no impact on his investments at all.
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Capn Circus
12/21/17 10:02:45 PM
#38:


The Great Muta 22 posted...
Perhaps if the GOP didn't want to be viewed as the party of the rich they should do more to separate themselves from it. Which you know, doesn't involve filling your cabinet with Goldman Sachs executives, having your Secretary of Treasury pose with money and his model wife, and other actions which make people distrust you?


Uh oh! Looks like one of Obama's liberals did the same thing

TfUcOG2
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glitteringfairy
12/21/17 10:03:51 PM
#39:


loafy013 posted...
glitteringfairy posted...
That's a risk you run when you invest money into anything on the planet my man. It doesn't really sound like your interested in actually investing anything but would rather just stand on the sidelines shaking your fist at people that do

Sorry, I've just had it up to here in the past when people have said "just invest in stocks yourself then". Like one guy I worked with. I barely make ends meet, and he is talking about how easy it was to get started, glossing over the fact his uncle gave him a $10k gift to start his portfolio like it had no impact on his investments at all.

I can understand how that would be annoying. But the plan is to start small and invest smart and work your way up to bigger things. Maybe you should start with the crypto currency thing. Some of that shit is really cheap right now and apparently snow balls quickly
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ChromaticAngel
12/21/17 10:06:26 PM
#40:


glitteringfairy posted...
There are all sorts of penny and dollar stocks. If your really interested you could seek the advice of a stock professional to get you started


Consultation fee comes out to... $10 ayyy lmao
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voldothegr8
12/21/17 10:08:11 PM
#41:


Ruvan22 posted...
The Admiral posted...
Ruvan22 posted...
The Admiral posted...
DifferentialEquation posted...
Anarchy_Juiblex posted...
By keeping an extra few hundred that I worked for, the rich get to keep millions and billions that could go into the economy and maintaining govt. services?
You wonder why we think it's a bad deal?


Funny how when you're mentioning the extra money you'll be keeping you emphasize that it was the money you worked for but don't do the same for the rich.


This is always a bizarre double standard.


So every rich person actually went out and *worked* for all their money?


The vast majority of them did, yes.


Do you have some stats to back that up? "Vast majority" would be.. more than 80%?

http://www.businessinsider.com/richest-people-in-the-world-2015-4

65% as of 2015
12% straight inherited
23% inherited a portion and grew it

DifferentialEquation posted...
Don't worry. Once people start seeing increases in their paychecks the left leaning media will find a way to give credit to the Democrats for it.

The shills ARE giving Obama all the credit
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BuIIetWing
12/21/17 10:12:04 PM
#42:


Does anyone care to explain then why they took away the ability to deduct job required expenses? Such as teachers with school supplies and police officers with uniforms?

Care to explain the Corker Kickback which DIRECTLY enriches multiple senators by millions and Corker wouldn't even vote until it was a thing?

How about the carried interest loophole that Trump swore up and down would be abolished?

We can go on, but I'm curious about how supporters justify those and still claim that the GOP has the middle class in mind.
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s0nicfan
12/21/17 11:38:40 PM
#43:


BuIIetWing posted...
Does anyone care to explain then why they took away the ability to deduct job required expenses? Such as teachers with school supplies and police officers with uniforms?


iirc teacher deductibles were doubled in the new bill, not cut
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DifferentialEquation
12/22/17 12:28:02 AM
#44:


loafy013 posted...
DifferentialEquation posted...
Anarchy_Juiblex posted...
By keeping an extra few hundred that I worked for, the rich get to keep millions and billions that could go into the economy and maintaining govt. services?
You wonder why we think it's a bad deal?


Funny how when you're mentioning the extra money you'll be keeping you emphasize that it was the money you worked for but don't do the same for the rich.

There is a difference between money earned by physically working every compared to getting a check because the stock market swung in the right direction.


Ok. So you physically worked for your money and the other guy put his money at risk in investments to grow it (which can also swing in the wrong direction as opposed to the right direction). Why is one better than the other or why is one more deserving of keeping their money than the other?
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beechesfreeman
12/22/17 12:44:28 AM
#45:


So in 2027 we're fucked?
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prince_leo
12/22/17 12:48:15 AM
#46:


beechesfreeman posted...
So in 2027 we're fucked?

there's nothing stopping congress from cutting them again later on. hell, there's nothing stopping them from changing it all before hand anyway

I believe for quite a few people 2026 is when the tax cuts began going up. proponents of the tax cut argue that paying half a percent more in 8 years is irrelevant compared to saving a couple percent for the years leading up to it
opponents argue that increasing the deficit is bad and that cutting programs to account for that will result in many people having a net loss

kansas passed a similar bill awhile back, you can see their economy to see how it turned out for them
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The Great Muta 22
12/22/17 1:36:25 AM
#47:


Capn Circus posted...
Uh oh! Looks like one of Obama's liberals did the same thing. Except they're holding up stacks of 100s. Smh


And how did that turn out for the Democrats come midterms?

Thanks for proving my point with your desperate whataboutism
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Knowledge_King
12/22/17 4:20:44 PM
#48:


ColdRainAndSnow posted...
Yay a few hundred dollars back each family and cooperations get trillions back, totally fair and good for the middle class American.


Yes it is actually. Those corporations MAKE trillions and are being taxed much more than the average family is (total, not percentage). They've quite frankly done more to deserve a tax break than just a rando nobody working family.
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darkjedilink
12/22/17 5:01:25 PM
#49:


Anarchy_Juiblex posted...
By keeping an extra few hundred that I worked for, the rich get to keep millions and billions that could go into the economy and maintaining govt. services?
You wonder why we think it's a bad deal?

Why are you more entitled to your money than others?
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Kineth
12/22/17 5:03:25 PM
#50:


prince_leo posted...
can't speak for others, but getting a couple extra grand means fuck all to me if it means we're cutting gov't programs I indirectly benefit from

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