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  • For the rich, yes, yes it is terrible.
  • For example, those with $20,000 to $30,000 of income would get an 87% reduction in their federal taxes in 2023, amounting to more than $18,700 of tax savings, according to the Committee estimates.

    I thought subby was misquoting but there it is.  The dumbest thing I've read today.

    Are there a lot of people that make $30,000 a year paying $18,700 in Federal taxes?
  • It's a step in the right direction, so I'll take it for now. But the rich need to be taxed even more and in my humble opinion nobody who makes less than $30,000 a year should pay any income taxes.
  • enry: For example, those with $20,000 to $30,000 of income would get an 87% reduction in their federal taxes in 2023, amounting to more than $18,700 of tax savings, according to the Committee estimates.

    I thought subby was misquoting but there it is.  The dumbest thing I've read today.

    Are there a lot of people that make $30,000 a year paying $18,700 in Federal taxes?


    I.. think... That by a base reading of the tax code, before credits and deductions and everything, they might owe 2/3s their income? Maybe? Although that'd be insane to put in a tax document. Maybe the article added a 0 to their tax bill? Or dropped one from their income?
  • BizarreMan: For the rich, yes, yes it is terrible.


    Yeah. How terrible. Paying 12% on annual income is devastating.
  • Bootleg: enry: For example, those with $20,000 to $30,000 of income would get an 87% reduction in their federal taxes in 2023, amounting to more than $18,700 of tax savings, according to the Committee estimates.

    I thought subby was misquoting but there it is.  The dumbest thing I've read today.

    Are there a lot of people that make $30,000 a year paying $18,700 in Federal taxes?

    I.. think... That by a base reading of the tax code, before credits and deductions and everything, they might owe 2/3s their income? Maybe? Although that'd be insane to put in a tax document. Maybe the article added a 0 to their tax bill? Or dropped one from their income?


    I'd guess an extra 0 got added.  Then again, I agree that anyone making $30,000 shouldn't be paying any federal income taxes.
  • enry: Bootleg: enry: For example, those with $20,000 to $30,000 of income would get an 87% reduction in their federal taxes in 2023, amounting to more than $18,700 of tax savings, according to the Committee estimates.

    I thought subby was misquoting but there it is.  The dumbest thing I've read today.

    Are there a lot of people that make $30,000 a year paying $18,700 in Federal taxes?

    I.. think... That by a base reading of the tax code, before credits and deductions and everything, they might owe 2/3s their income? Maybe? Although that'd be insane to put in a tax document. Maybe the article added a 0 to their tax bill? Or dropped one from their income?

    I'd guess an extra 0 got added.  Then again, I agree that anyone making $30,000 shouldn't be paying any federal income taxes.


    Yea, that's for the state taxes to pillage.
  • As a retiree making ~32k/yr, I approve this initiative.

    You young'uns had better be saving for your retirement.
    That is all.
  • enry: Bootleg: enry: For example, those with $20,000 to $30,000 of income would get an 87% reduction in their federal taxes in 2023, amounting to more than $18,700 of tax savings, according to the Committee estimates.

    I thought subby was misquoting but there it is.  The dumbest thing I've read today.

    Are there a lot of people that make $30,000 a year paying $18,700 in Federal taxes?

    I.. think... That by a base reading of the tax code, before credits and deductions and everything, they might owe 2/3s their income? Maybe? Although that'd be insane to put in a tax document. Maybe the article added a 0 to their tax bill? Or dropped one from their income?

    I'd guess an extra 0 got added.  Then again, I agree that anyone making $30,000 shouldn't be paying any federal income taxes.


    The wife and I make well more than $30K a year and our total tax before factoring in withholding is not even half of the quoted figure.
  • Current tax rates on $30K is $3202.  Maybe they multiply by 6 years to show the savings?

    Anyway, it's ridiculous to have people earning 100 times more paying less percentage wise.    The bottom half of wage earners should be getting UBI, not drained by the government.
  • Nearly a dozen posts and my sad rich woodcut illustration people haven't arrived yet? Thanks Obama Biden!
  • People earning $30k/yr pay tax? Why?
  • Welp. Even if it does pass the House, there's no way Manchin will let it through the Senate.

    /Farking asshole
  • Stop fixating on annual income.
  • What if you earn about 15k as an essential worker?
  • So basically a tax cut for over 90% of Americans.

    This is the kind of vote buying that I can get behind.
  • Spaced Lion: Welp. Even if it does pass the House, there's no way Manchin will let it through the Senate.

    /Farking asshole


    Senator Manchin is doing his job representing all the hard-working millionaires of West Virginia.
  • Xai: People earning $30k/yr pay tax? Why?


    Why don't they hire good accountants and avoid tax like a sensible person?

    Oh wait.
  • IIRC, the standard deduction is about 22k.  That would put the tax burden at 19,000 for the remaining 8,000.  Making the FEDERAL tax rate 237%.
  • Huh. Even democrats.org says

    "For example, those with $20,000 to $30,000 of income would get an 87% reduction in their federal taxes in 2023, amounting to more than $18,700 of tax savings, according to the Committee estimates."
  • Redistribution of wealth! Socialism! Marxism! Communism! Atheism! Reverse racism!
  • The report (https://www.jct.gov/publications/202​1/​jcx-44-21/ ) is pretty clear that it's $18,719,000,000 less revenue from that income class (not $18,719 per family). It represents an effective rate change from 4.3% to 0.5%.
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