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Thanks for asking. | 82% of Trump's tax cuts went to the top 1%. Tell me you're surprised. So, how are you doing this year? | image tagged in trump,tax cuts,top 1 | made w/ Imgflip meme maker
166 views 5 upvotes Made by anonymous 6 years ago in politics
9 Comments
2 ups, 6y,
1 reply
I am surprised someone is so F@&$ing stupid they don't understand how percentages work.
1 up, 6y,
1 reply
How do they work then if they weren't applied that way (they were), moron?
1 up, 6y,
1 reply
I'm am totally unsurprised that YOU are that F@&$ing stupid
1 up, 6y,
1 reply
Explain it already then, you unambiguously moronic turd licking cretin.
1 up, 6y,
1 reply
Well, you mouth breathing, knuckle dragging, twat waffle, I will say this, saying someone received 82% of the benefits because they are already paying so much more is disingenuous, but USA today explains it better:
https://www.usatoday.com/story/news/politics/2018/01/26/fact-check-democrats-repeating-misleading-talking-point-tax-cuts/1070287001/
1 up, 6y,
1 reply
E-X-P-L-A-I-N IT, you inbred cretinous waste of spunk.
1 up, 6y,
1 reply
While I absolutely love the creativity being put into these insults (seriously, well done you two), I'll explain it.

The actual tax breaks for the wealthy are in the 20-30% range until 2027, and will then jump to the 82.8% mark.

Why the massive leap? That's because the cuts that they put in place expire, while corporate benefits don't and taxes for the 99% either stay the same or go up. Makes no sense, right? The prevailing idea is that a future Congress will vote to extend the cuts rather than allow such a devastating blow to the average American. Cut-and-pasting from Meme-osis' link (which was a good read, TBH):

"...in order to pass their tax bill through budget reconciliation, a process requiring only a majority vote in the Senate, Republican lawmakers could not add more than $1.5 trillion to the deficit over 10 years. [...] While the final bill costs an estimated $1.46 trillion over 10 years, CRFB says the actual cost could end up being $2.2 trillion, when these sunsetting tax cuts are actually extended."

Republicans are bankrupting the government as much as they can, creating individual and corporate dependency on these tax breaks, and banking on future lawmakers to either continue them (and by doing so, continue to bankrupt the government) or make a difficult, fiscally responsible decision (and take the blame for the current Congress' wrongdoing).

Democrats are leaning into the 83% number because we live in an age of soundbites rather than substance. Sad, but true.

Funny. Republicans tout themselves as the party of personal and fiscal responsibility, but really are just emptying the public coffers and passing the buck. So much winning!
1 up, 6y
Yeah, I had looked it up after (independent of his link), and was waiting for his maybe reply to add the 2027 bit.

"Republicans are bankrupting the government as much as they can, creating individual and corporate dependency on these tax breaks, and banking on future lawmakers to either continue them (and by doing so, continue to bankrupt the government) or make a difficult, fiscally responsible decision (and take the blame for the current Congress' wrongdoing)."

BINGO!

Should they be in control, Republicans will merely extend the cuts, swiping from Social Security or gutting other programs as they usually do to patch/hide the growing hole temporarily.

Should Democrats be in control - or at least, as is likely, the President will be one - they have been set up to take the blame, just as they already are for the downturn in the stock market lately or the impending gov't shutdown.
When the mega MAGA recession arrives next year, the GOP will pont fingers at them, and an obtuse amnesiatic public will lean towards he GOP to fix their own mess on election day. Screw Americans and reap the profits.

In the meantime, Euro countries - combined, the biggest purchasers of US Securities - have been net sellers of the Dollar since 2017. Eventually China will do so as well, then everyone else, then a switch from the (US) Petro Dollar to another, and between that and the mess created internally and abroad by this bozo and the short sighted profiteering GOP, America as it has become since the Spanish American War is over, done.
0 ups, 6y
Yup, when you’re already paying less than your fair share of taxes, there’s not that much to cut.
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82% of Trump's tax cuts went to the top 1%. Tell me you're surprised. So, how are you doing this year?