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Reply to "Do you think Trump's tax proposal will pass?"
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[quote=Anonymous][quote=Anonymous] And people DID vote Republican, and these are things that represent their values. Not saying I agree with it (particularly the two examples you gave above), but they put people in office to represent them. Same thing with Democrats. The whole reason for lower-middle income paying more (the lower don't pay in) is the abolishment of the 10% bracket. Congress figured that by doubling the standard deduction, the lower-middles would make it back up (since the vast majority do take the standard). But there is a donut hole of those who do itemize, and by starting their taxes at 12% on the first $10,000, there's a shift upward. [b]As for the upper-middles complaining that they can't deduct the mortgage on second homes, or the complete mortgage on their $1.5 million first home, suck it up. (As my liberal neighbors said to me when I complained about my obscene health premiums, "you can afford it.")[/b] My sympathies lie with the minority of ower-middles who will pay (slightly) more. [/quote] I know that taken only in the context of this bill, this argument is a fair one. But what irks me, as a high-tax state UMC person who will likely pay more taxes, is that I'm going to pay more taxes because I'm a professional who works for her high salary while financial vultures who "earn" more than me through financial vehicles will pay less. I've written elsewhere that I'm fairly impressed at how the GOP managed, in this bill, to specifically target the core of the modern Democratic party (for better or worse), which post-WJC is college-educated, liberal professionals. The types of rich people who vote Republican will pay less...the types of rich people who vote Democrat will pay more and no one will care about us. But, I suppose, we'll have less money to donate to the Democratic party leading to even more GOP hegemony. For a while now, it's been pretty clear that the best thing to be in the US is a member of the rentier class. This bill just solidifies our return to an aristocratic society with an entrenched elite.[/quote]
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