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Peony43 : gop-tax-plan-2017   97

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Trump's Tax Plan Is Here. This Is What It Does. - Digg
The Republican plan would replace all these provisions with a single deduction of $12,000 ($24,000 for married couples.) That's a 15% increase — except for seniors, who get a 3% increase.
9 weeks ago by Peony43
Two ugly quotes from Republicans reveal the truth about their tax plan - The Washington Post
To be fair, the tax code already favors investments over work; Republicans merely want to reinforce and extend that characteristic. While they often lecture about the “dignity of work” when they’re proposing to take away safety net programs that aid those in need, they are doing little or nothing to change the tax code so that it does more to encourage work. Right now, wage income (i.e., money you work for) gets taxed at a higher rate than investment income (i.e., money you make when your money makes you more money). The salutary effects of labor on an individual’s spirit apparently only operate on the grubby lower classes, while the wealthy should be honored and rewarded for their ability to watch their portfolios grow.
orrin-hatch  grassley  rich-poor  gop-tax-plan-2017  poverty-is-your-own-fault 
december 2017 by Peony43
Grassley: Ending Estate Tax Recognizes Investors Over Spenders : The Two-Way : NPR
“...ending the estate tax is about rewarding people who invest over those who spend everything they earn on "booze or women or movies."
rich-poor  gop-tax-plan-2017  gop-tone-deaf  Grassley 
december 2017 by Peony43
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