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$5.1 Trillion in Tax Cuts by Bush, Obama, Trump, Went Mostly to Nation's Richest
LoP Guest
lop guest
User ID: 449266
07-11-2018 09:59 PM

 



Post: #1
$5.1 Trillion in Tax Cuts by Bush, Obama, Trump, Went Mostly to Nation's Richest
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July 11, 2018

Rigged: New Report Details How Combined $5.1 Trillion in Tax Cuts by Bush, Obama, and Trump Went Mostly to Nation's Richest


"With $5.1 trillion, the U.S. government could provide healthcare for all Americans and make public colleges tuition free with cash to spare, but a report released on Wednesday by the Institute on Taxation and Economic Policy (ITEP) shows that the past three presidents have instead opted to send this vast sum of money to the richest Americans through massive tax cuts.

Titled "Federal Tax Changes in the Bush, Obama, and Trump Years," the new analysis (pdf) finds that tax cuts enacted since 2000 have cost the U.S. government $5.1 trillion in revenue, "with nearly two-thirds of that flowing to the richest fifth of Americans."

Thanks in large part to President Donald Trump's $1.5 trillion tax cut package that was signed into law last December—which will send 83 percent of its benefits to the top one percent—"the tally of tax cuts will grow to $10.6 trillion" by 2025 and "nearly $2 trillion of this amount will have gone to the richest one percent," the report estimates."

https://www.commondreams.org/news/2018/0...-and-trump
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LoP Guest
lop guest
User ID: 449266
07-11-2018 10:27 PM

 



Post: #2
RE: $5.1 Trillion in Tax Cuts by Bush, Obama, Trump, Went Mostly to Nation's Richest
Like the saying goes.

The Rich Get Richer and The Poor Get Poorer.

As long as those like Bush, Obama, Clinton, And Trump are
in power this will never change.
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Fork
fork in the road
User ID: 361628
07-11-2018 10:43 PM

Posts: 10,708



Post: #3
RE: $5.1 Trillion in Tax Cuts by Bush, Obama, Trump, Went Mostly to Nation's Richest
new boss same as the old boss
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1110.00)
lop guest
User ID: 198896
07-11-2018 10:49 PM

 



Post: #4
RE: $5.1 Trillion in Tax Cuts by Bush, Obama, Trump, Went Mostly to Nation's Richest
"The Beast of the Apocalypse ... is a masochist!"

- Cat Sewing (The Orange Gag Order)
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LoP Guest
lop guest
User ID: 449266
07-12-2018 12:02 AM

 



Post: #5
RE: $5.1 Trillion in Tax Cuts by Bush, Obama, Trump, Went Mostly to Nation's Richest
Trump supporters avoid this type of truth like the plague.
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LoP Guest
lop guest
User ID: 444782
07-12-2018 12:10 AM

 



Post: #6
RE: $5.1 Trillion in Tax Cuts by Bush, Obama, Trump, Went Mostly to Nation's Richest
Fork  Wrote: (07-11-2018 10:43 PM)
new boss same as the old boss

yeah3
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LoP Guest
lop guest
User ID: 449266
07-12-2018 01:00 AM

 



Post: #7
RE: $5.1 Trillion in Tax Cuts by Bush, Obama, Trump, Went Mostly to Nation's Richest
LoP Guest  Wrote: (07-12-2018 12:10 AM)
Fork  Wrote: (07-11-2018 10:43 PM)
new boss same as the old boss

yeah3

Jhikpghf
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LoP Guest
lop guest
User ID: 381174
07-12-2018 01:03 AM

 



Post: #8
RE: $5.1 Trillion in Tax Cuts by Bush, Obama, Trump, Went Mostly to Nation's Richest
Well what did you expect? Corporations and the elite write all the laws, our reps just rubber stamp them.
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LoP Guest
lop guest
User ID: 444782
07-12-2018 01:03 AM

 



Post: #9
RE: $5.1 Trillion in Tax Cuts by Bush, Obama, Trump, Went Mostly to Nation's Richest
LoP Guest  Wrote: (07-12-2018 12:02 AM)
Trump supporters avoid this type of truth like the plague.

Trump cultists believe Trump is the Savior; facts and commons sense don't matter to them
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NormalIsSubjective

User ID: 449032
07-12-2018 01:12 AM

Posts: 3,848



Post: #10
RE: $5.1 Trillion in Tax Cuts by Bush, Obama, Trump, Went Mostly to Nation's Richest
Remarkably bi-partisan when they want to be, eh?
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CyberDan
Registered User
User ID: 192030
07-12-2018 01:14 AM

Posts: 3,423



Post: #11
RE: $5.1 Trillion in Tax Cuts by Bush, Obama, Trump, Went Mostly to Nation's Richest
Well one thing is for sure, the rich aren't going to take that money to the grave with them. When they die, all of their wealth earned is gone. They can't take it with them.
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LoP Guest
lop guest
User ID: 399572
07-12-2018 01:19 AM

 



Post: #12
RE: $5.1 Trillion in Tax Cuts by Bush, Obama, Trump, Went Mostly to Nation's Richest
Makes sense since we upper incomers have a much higher percentage of our income going towards taxes.
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Rayne
Registered User
User ID: 447991
07-12-2018 01:39 AM

Posts: 1,632



Post: #13
RE: $5.1 Trillion in Tax Cuts by Bush, Obama, Trump, Went Mostly to Nation's Richest
Hillary had plans of tax cuts for the wealthiest also. It was going to happen no matter who got in office.

The left road & the right road leads to the same destination.
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JAZZ
lop guest
User ID: 406240
07-12-2018 01:54 AM

 



Post: #14
RE: $5.1 Trillion in Tax Cuts by Bush, Obama, Trump, Went Mostly to Nation's Richest
let me show you how this works. say u have $1 amd your buddy has $5. i take half from both of you. who did i take more from? there is 2 answeres. i took the same since it is equal. yet i took more from your buddy in total.

if trump gave all your $$ back but gave the 1% a .001% of thier amount, the media could still report that the elite got back more. furthermore how many ppl did you hire? how many can they now afford to hire? if i give u all your tax $ but take your job,how much do u lose in total?

remmeber by the liberal's math, insurance is now cheaper and u got to keep your doctor. are you laughing or crying? they can't tell.
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LoP Guest
lop guest
User ID: 381174
07-12-2018 01:56 AM

 



Post: #15
RE: $5.1 Trillion in Tax Cuts by Bush, Obama, Trump, Went Mostly to Nation's Richest
CyberDan  Wrote: (07-12-2018 01:14 AM)
Well one thing is for sure, the rich aren't going to take that money to the grave with them. When they die, all of their wealth earned is gone. They can't take it with them.

That's why they want transhumanism, so they can create new bodies and put their brains in the new bodies to live forever.

Muaha
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