>

I still pay taxes every year and I’m retired and low income.
Wake up babe, another "a majority of poor people don't pay taxes [unless you count all or the taxes they did pay like sales, property, FICA, etc.] so it's okay that billionaires don't either" article just dropped. >

It still doesn’t add up to me. I’m expected to believe that 60% of households in 2020 (and around 40% for a normal year) have taxable income that amounts to lower than the standard deduction of $13k for an individual or $26k for a married couple? That’s bullshit because that would literally put all of those people below the poverty line. And if you google the number of American households below the poverty line it’s only 11.6%, not 40%. I mean hell, the median household income in the US is 70k now. So if 50% of Americans make more then that, then how the fuck are 40% not paying federal income tax? Also, your property tax point is kind of moot because most poor people rent and don’t own property. >

The EITC and CTC can net you a tax refund at 50k income depending on filing status and number of dependents. >

I really don’t understand the earned income tax credit. I’ve watched a couple videos that give examples, and used an EITC estimate calculator and played around with the numbers a bit. It still doesn’t make sense to me. So as I understand it though, we are taking a group of people who would otherwise owe taxes according to the tax bracket they fall into, and then the EITC is basically a reverse uno card where instead of paying the IRS the money you owe, they give you money. >

Correct. Look up "tax deduction vs tax credit" and "refundable tax credit" to see the distinction in terms. >

What a factually true but utterly pointless story. >

The point of the story was to somehow distract from Trump being a cheat. >

Didn’t work. He’s still a tax evading piece of shit who belongs in prison. >

I know it is a little more complicated but I really wish we could get to the point where an entity (individual, company, or whatever) pays more in tax if they make more than me, and less if they make less than me.  I really don’t mains paying taxes, just make people like Trump, who makes lots of money - pay more tax than I do. >

You are exactly correct.
Resentment comes from believing the people higher up the economic scale are paying less than you are. We should not allow for that in a functional Democracy. >

Trump's tax returns confirm that he is either an astonishingly bad businessman or an incredibly audacious tax cheat. 
Since his returns somehow escaped the routine audit every other President has undergone, they should now be given very close examination. >

Why not both? >

Thief, grifter, traitor, bigot, piece of shit.
More and more he showcases how disgusting he is.  May he rot in prison >

Between this and the military and defense overspending, it's no wonder this government's discourse is centered around how to fund basic shit. >

Isn't this just whataboutism >

How? >

"Trump didn't pay his taxes? What about the 60% of people who ALSO didn't?" >

It's the exact opposite it's drawing a distinction between why he didn't pay taxes and why the people who earn to little don't pay taxes. >

Thanks for the distinction >

Hey may have donated his salary in previous years (and allegedly plus a little extra to account for taxes taken), but he only did that for the first 2 quarters of 2020, there's no report that I can find that he donated the second half of that salary. So by my count there should be at least $200k taxable income for that year. He straight up lied to the IRS about this.
Trump is always a fraud. >

That doesn’t mean that he didn’t donate it though, we won’t know without his tax return. Also, his business losses can offset his wage income, so it would be $0 either way >

This is because we've allowed the plutocrats to shift the tax burden away from their businesses (after all they're "job creators, aren't they?) And themselves and onto the American middle class. 
We've allowed them to tell their lies like, as long as the rich are doing good, it will trickle down to the rest of us. 
I'm what's left of the American middle class. I pay my taxes, and in some cases, more than presidents, CEOs, and, most politicians. The American middle class dies with my generation, and yet, more people seem concerned with what pronouns other people prefer, than what happens when an economy built on consumption no longer has consumers who can afford to consume. >

Nothing will happen on tax policy until baby boomers die. We have cut taxes for 70 years while increasing the burden on the middle class. No amount of data or reality will convince baby boomers that trickle down doesn't work. >

Facts!! Since the Gen X are paying their Social Security they can sit back and say “fuck everybody” with a smile on their faces! All the while claiming anyone that has a problem with it is entitled!! >

“People who don’t pay income taxes shouldn’t be able to vote! They should be President!” -Republicans >

I quit paying taxes because if the rich 🤑 can do it then why the fuck should I when I’m lucky to break $100k/yr after 23 years in the electrical trade? No if the law is blind then they have made the law to benefit the rich >

Traitor in chief paid zippo while part of my tax refund was stiffed with no word from the IRS
What a load of horseshit >

I single with no kids so the taxman fucks me pretty good compared to everyone else.  Apparently it costs twice as much for married people to keep a household as it does one person.  Yup.  Mortgage and rent is doubled, electricity doubled, internet doubled, everything.   
Don’t see Bernie or Warren or AOC arguing for the single childless taxpayer for some reason >

Get on tinder >

Someone on a previous post mentioned he received millions in a refund for 2020, I can't find any confirmation on whether that's true or not. >

We should know tomorrow with the planned release. A lot will come out in a short time. >

Marketplace is neoliberal garbage. >

Charge all Americans a blanket 1 dollar citizenship tax 
Boom, 100% of American citizens pay taxes >

You jest, but the truth is that all Americans should pay more taxes. If low and middle income earners had a greater stake in the national budget (and debt), perhaps our politics would look very different. >

Your solution is to tax the middle class more? >

I would gladly pay $1 more if it meant the 0.1%ers had to pay $1m more.  Heck, I wouldn't even mind $100 at that ratio.