Interesting when you dig a little deeper into the numbers https://www.washingtonpost.com/opin...2bd11fe18af_story.html?utm_term=.9f7f3598b295
The economy is in the shitter. No different from Obama was in office, its on a path of destruction and will crash hard.
The economy was on the way up when Trump took office. He inherited a good economy. If it goes into the toilet 2 years after he became President, that's on him.
Anyone know the impact of tax cuts on take home pay? The article mentions earnings, which I presume are gross. I wonder what it would look like if net were reviewed.
It was a false economy built on QE and low interest rates. The rates are rising and that will cause a major slowdown at best and financial armageddon at worst.
All of Trump's policies are like those fake buildings in models of old western towns. Bunch of false fronts.
...I have not talked to any middle class individual who has noticed an appreciable increase in take home pay including my wife....I'd also be willing to bet that the usual tax year refund will not be a big as before, And anyone who believes that big business and the rich were not the main beneficiaries of Trump's tax bill are in full blown denial.
They adjusted the withholding tables. I had to add additional amounts taken out from claiming married zero just to break even this year because I calculated out an estimate of the tax I'll pay. There are going to be a lot of middle class pissed this year about not getting as big of refunds or ending up having to pay at the end of the year. Which is fine, they got it in their hands spread out, but no one cares about that. The average american feels like they are entitled to a refund. I've seen it time and time again.
My tax account said my wife and I retired will pay nearly 1500 less in federal tax this year. All thinks equal to 2017. WE drop from 28% down to 12%...thats huge and Im middle class as you can get! I don't care who's president Ill take a genuine tax cut any time. Thank you very large!
That is huge but not very accurate. The old 28% bracket was for incomes between $91 and $191 thousand. The new 12% bracket is for incomes between $10 and $38 thousand. barfo
last year we filed joint and a portion was taxed at 25 &28%. Over 77k This year we are reducing income that put us in 28% And the 25% falls 12%.
