5 comments

    1. It is a misconception that recent tax cuts only benefit the rich. They benefited anyone who actually pays income taxes. The high standard deduction alone was a significant benefit for middle class Americans. Needless to say, any tax cuts will disproportionately benefit those who pay the most taxes. On the other hand, the last thing we need or needed were any tax cuts for anyone- quite the opposite.

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      1. True(ish).*

        I recall at the time a lot of people complaining that their taxes increased. Mostly because they experienced smaller —refunds— at the end of the year. A misconception because tax withholding schedules were also decreased to give higher take home pay.

        Instead, I compared total taxes paid and did indeed reduce federal taxes. (Slightly.) For better or worse, SALT was a big difference. Homeowners, esp. in high tax states already had higher deductions.

        *Ultimately, we agree… “…the last thing we need or needed were any tax cuts for anyone- quite the opposite.”

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  1. Of the 3 items, #1: I can buy this one since Social Security is the best program for oldsters that we have. It does help the disabled also.
    #2: I don’t know anything about Obamacare since it showed up after I was on Medicare. I do have some relatives that were not covered under an employee plan and they were gobsmacked with huge premiums and outrageous deductibles. This was after Obamacare went into effect. Is there a relationship there? I don’t know. My thought is move more toward a Medicare model. I can’t say I reject or deny Obamacare out of hand.
    #3 Social Security just about requires higher taxes from all incomes. Protect the rich from being singled out? I will let the rich speak for themselves. Especially since they can speak directly to their representatives.

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