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Why are you surprised? These are the same people that thought an extra 20-30 bucks per paycheck from the Trump tax cut was HUGE!
Pro
Temporary 20-30$ since most of those provisions roll back next year..
Conversation Starter
I just read an article that claimed it’s 400k per family, and that individuals who make less than that will be taxed. If true, he hasn’t stuck to his word. Also, he seems to want to amend the 401k tax deferral and replace it with a flat 26% credit, which would increase taxes for people making less than 400k who have been and still want to contribute to their 401k.
Conversation Starter
Also, there’s an open question about whether taxes meant for the rich are ultimately paid by the rich. If Amazon now needs to pay 5% at least on taxes whereas they didn’t before, do you think Amazon is gonna eat that cost or pass it onto consumers by increasing the price of doing business on Amazon? I suspect the latter, which would effectively be the tax applied to lower income folks. I used Amazon as an example but it’s applicable across the board for businesses and rich people. They can find ways to pass on the tax to the lower income folks. So ultimately those making less than 400k will get taxed in some way or another. And just so you don’t think I’m angry or something instead of participating in a discussion, here are a few cute and fun emojis 😁😊😇
Chief
Are you genuinely surprised?
Pro
He’s been in office for 3 months. Hopefully I’m proven wrong but I wouldn’t get my hopes up