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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsIts Not Fair: Dismayed Trump Supporters Are Feeling Betrayed By Tax Plan For The Rich
They have that right; glad to read some are seeing the light.
WaPo link at this one; I can't read it.
http://politicaldig.com/not-fair-dismayed-trump-supporters-feeling-betrayed-tax-plan-rich/
Its Not Fair: Dismayed Trump Supporters Are Feeling Betrayed By Tax Plan For The Rich
by Lance Perriman
Dec 4, 2017
Supporters of Donald Trump say they are feeling betrayed by the president and his Republican allies after they passed a tax plan that includes massive tax cuts for the rich and nothing for them.
Speaking with voters in the Midwest who played a major hand in electing President Donald Trump, the Washington Post found supporters who are having deep regret in their choice for president.
One Trump voter, Patrick Colley, said he thought he had a president who understood the average worker. He was wrong. Colley admitted that he still hopes to see some benefit from the tax package that still needs to be hammered into its final form by the Republican-controlled Congress. But he said reporting on the plan shows too much gray about the wealthy and how they will ultimately benefit.
Colley doubted corporations would invest their tax savings from the GOP Congressional windfall in their businesses by hiring more workers, saying they are not in a caring mode.
As for the rich who will see their tax burden go down and dont have to worry about health care bills, Colley expressed frustration with the bill that will likely be signed by Trump.
Its depressing, you know? Its depressing. I pay like 30 percent [in taxes], and Im a regular guy. Its not fair. And a millionaire pays like 12 percent, he said. Its not fair. Its not fair at all.
Another Republican voter, Ron Stephens, sees the rich profiting while any gains he may receive will be wiped out by deductions that Republicans are stripping out of the tax code.
Why are you going to lower their taxes? the 49-year-old auto industry employee told the Post. The level of lifestyle that they have versus everyone else why do they need that? Its not that big of an impact for them, but for someone making $30,000 a year? That would have a huge impact on them.
tanyev
(42,589 posts)workinclasszero
(28,270 posts)Is lube too much to ask for GOP???
mucifer
(23,558 posts)Merlot
(9,696 posts)They love it, but don't want to be blamed for it. So they'll let trumpft, who's just egotistical enough to take credit for something he hasn't read and doesn't understand, have all the credit.
I actually think trumpft is being played on this one. Not that he will mind, since he's going to save so much money on this, plus the golf course deduction as well.
After this bill is signed, my guess is the repubs (who have played the political game much longer and see the writing on the wall) will start urging him to step asside. They'll probably give him cover of "dementia" so that he can go free.
Freddie
(9,269 posts)That once they get their Holy Grail (massive tax cuts for the rich) the GOPers in Congress will turn on Trump to save their own hides.
workinclasszero
(28,270 posts)The pig 1%ers that own the GOP get what they want and the rest of the republican scumballs blame it all on Dump as Mueller takes his criminal administration down.
How will Twitler react when he realizes he was played for a fool by the GOP?
lame54
(35,302 posts)greeny2323
(590 posts)And they've brought disaster on the entire planet because of their deep ignorance.
bdamomma
(63,913 posts)nt.
Roland99
(53,342 posts)Hoyt
(54,770 posts)the negatives for years. And, then there are Clinton's emails and Trump vowing to build a wall to appease them.
Cary
(11,746 posts)Ideologues. Pfeh.
lagomorph777
(30,613 posts)Cary
(11,746 posts)Here, I'll spell out the obvious for you:
1) #fakepresident's margin of victory was smaller than the number of Jill Stein voters (http://thehill.com/blogs/blog-briefing-room/news/308353-trump-won-by-smaller-margin-than-stein-votes-in-all-three);
2) I was responding to the assertion that 99.9% of #fakepresident voters would vote for him again;
3) Since Jill Stein voters numbered more than #fakepresident's margin of victory, had they voted for Hillary Clinton instead then #fakepresident would have lost;
4) If #fakepresident voters are so stupid that they would vote him again, then Jill Stein voters must be equally stupid if they would vote for her again.
Of course I am assuming that you believe that Hillary Clinton would be better than #fakepresident. If you don't think Hillary Clinton would have been better than #fakepresident, then f*** you.
Yes, I think Hillary would have been better, so I voted for her.
And the rest of your statement remains out of context. Stein voters were not Trump voters, though they helped install him. The OP was about Trump voters.
Cary
(11,746 posts)I don't understand how you managed to miss it and then recite it in the same sentence.
DURHAM D
(32,611 posts)(racism, homophobia, sexism, xenophobia) instead of your economic self-interest.
How can they be surprised?
mobeau69
(11,149 posts)Mariana
(14,858 posts)It's wonderful that he sees that the rich aren't paying their fair share, but where the hell is he getting 30% from? One reason we're having such a problem getting Democrats elected is this tendency of many Americans to VASTLY overestimate their income tax burden.
D_Master81
(1,822 posts)having been a tax preparer for a few yrs now I understand what many people do not, how the tax system works. Many people if they look at all look up the income tax brackets, see where their salary falls and assume thats what they pay. So lets say someone is married, has 2 kids and a household income of say $80,000. If they look up the brackets they see their in the 25% tax bracket and then will moan to all their friends about how they pay a 1/4 of their pay to uncle same. Little do they realize thats their gross pay, which you then subtract the standard deduction of 12,600 and another 4050 for every person on the return before you figure the actual taxable income. So on the 80k example, the person's taxable income is only around 52,000, which is safely in the 15% bracket. Still most people assume they pay 15% on that 52,000, but its actually 10% on the 1st 18,000 and then 15% on whatever is over that. By my figuring this would roughly be 6900 is their amount owed before credits. subtract 2000 for the 2 kids and it comes to 4900 is their actual tax bill for an 80k income, well below a quarter of their income. This example also assumes that they took the standard deduction and didnt itemize.
trc
(823 posts)part of their income tax. It is not, it is insurance and investment for medical needs and a small income once you reach your mid sixties. You know, the "entitlements" rethugs want to cut so badly.
iluvtennis
(19,864 posts)my paycheck. "Uncle Sam and his buddies" includes Federal taxes, State & Local Income taxes, SSI, Medicare, SDI, etc. I understand the differences, but I do lump it all together. And it all ends up being a hefty percentage take out of your paycheck every two weeks. You don't get the benefit of those tax credits and deductions until you file your taxes at the end of the year, and then you see the effective 15% taxes/et al. But the paycheck to paycheck deductions are indeed way over the effective rate.
Sorry for the rant.
stopwastingmymoney
(2,042 posts)If you're getting big refunds you can adjust your withholding. The form you want is the W4, make the number bigger, not smaller.
iluvtennis
(19,864 posts)Freddie
(9,269 posts)Is an interest-free vacation club. Although I'm guilty of the same thing and like to get something back.
ProfessorGAC
(65,111 posts)Or so close to it that the interest is irrelevant.
30 years ago, if one had the discipline, lowering deductions and saving the money meant something. Now, if you have 5 grand coming as a refund, the interest accumulated over the year would be around $1.60!
So, if we put it in the bank, it's basically interest free anyway!
Might as set W4 to zero exemptions
progree
(10,910 posts)Last edited Mon Dec 4, 2017, 02:54 PM - Edit history (1)
An S&P 500 index fund, for example, has had a 11% total return since 1976 (over time, that's a doubling every 7 years on average).
For people who live paycheck to paycheck, they likely have credit card or other loans they might consider using any extra money from reduced withholding to pay down. If it's credit card debt, that's at least 13% interest that's being reduced.
ProfessorGAC
(65,111 posts)Interest is a killer on cards! You are proffering a very good idea!
stopwastingmymoney
(2,042 posts)I'm an accountant too, not tax, small biz accounting manager and I definitely find that people do not understand brackets and marginal tax rates at all. Most also don't understand the difference between what is withheld from their pay checks versus their actual tax burden. I guess it's job security for us but it's damned frustrating at times.
Mariana
(14,858 posts)and so he assumes he pays 28% on all his income from penny one.
My father is one of those conservatives who complains constantly about how his income tax is too high. I asked him once to dig out one of his tax returns and calculate the percentage of his total income that he actually paid in income tax. He refused to do it. Furthermore, he got angry when I suggested my mother do it - she's a retired accountant and knows exactly how to figure that. It struck me that he got angry because he doesn't want to know that his tax isn't as high as he imagines it is. Instead of learning the truth and being happy and relieved that his actual tax rate is less than he thought, he prefers to imagine that he's being overtaxed. Isn't that weird?
mopinko
(70,162 posts)a self defeating part of human nature.
progree
(10,910 posts)Last edited Mon Dec 4, 2017, 11:35 AM - Edit history (1)
In the quote, he didn't say "federal income taxes" or "income taxes". He said "taxes". Well granted, the "[in taxes]" is in brackets, so it's ambiguous, so we don't know what he was thinking. But most of us do look at our paychecks and all the tax deductions (federal income tax, state income tax, FICA), and its quite hefty (and that still doesn't include sales taxes or property taxes). And for those of us that adjust our withholding with care, there isn't some big fat refund, since I don't believe in giving a big interest-free loan to the Treasury.
As for FICA, it's 15.3% for the self-employed (a friend of mine is one such, and it's a big hit). For those employed by others, the employer ostensibly pays half that. But employers look on that 7.65% as part of what an employee costs in hiring and layoff decisions -- at the margin they hire when the cost of a worker (salary + FICA + training cost + office space and equipment + etc. etc.) is less than the value they add to the business and less some safety margin. I know because I used to do cost-benefit analysis whenever we hired. Had we not had to pay the FICA part, the value they add could be correspondingly less in the hiring decision. Or we could afford to correspondingly pay a higher wage/salary if we needed to in order to attract workers with the right skills.
Re: adjusting withholding to have more take home pay (rather than a big refund a year later) -- no, I don't put the money in a 0.10% bank account. I don't have a savings account. I invest most of my surplus money in equities -- an S&P 500 index fund, for example, has had a 11% total return since 1976 (over time, that's a doubling every 7 years).
For people who live paycheck to paycheck, they likely have credit card or other loans they might consider using any extra money from reduced withholding to pay down. If it's credit card debt, that's at least 13% interest costs that's being reduced.
Mariana
(14,858 posts)but he's griping about this bill, which is entirely about federal income tax. Yeah, maybe he meant he pays 30% when every little tax and fee is added up together, but I bet it was federal income tax he was talking about. He's probably in the 28% marginal bracket, and therefore thinks he pays 28% federal income tax on every cent he earns.
Freddie
(9,269 posts)I don't care what your salary is (in this business you get immune) but it still pisses me off when the overpaid management's checks get even bigger mid year when they go over the FICA cap.
MaryMagdaline
(6,855 posts)Pay social security on full salary plus passive income.
Algernon Moncrieff
(5,790 posts)You want a "fair tax"? National property tax. Them that's got should pay.
DangerousUrNot
(431 posts)People were making a huge deal about not voting for Trump early last year! Did they not listen to his speeches, read what many journalists wrote about him or took a look at social media? I do not feel sorry for these people. We tried to tell them.
Doodley
(9,107 posts)roamer65
(36,745 posts)madaboutharry
(40,216 posts)Maybe they tuned out Hillary, but there were other voices warning them that they were being lied to.
Crunchy Frog
(26,594 posts)BigmanPigman
(51,615 posts)is planning hundreds of events for this week alone. This is NOT OVER. Get the word out. Our calls were working...Keep it up and get others to call. Attend protests, rallies, town halls and make sure the media is there. They have been distracting the country. THIS is our biggest PRIORITY! Also, social media is crucial so re-tweet, share events no matter how big or small. Send it to the MSM and local press. We must HAMMER and PRESSURE them during the next few weeks. We can do it. We have stopped major legislation all year...we are the catalysts and the energy that drives this country. We have to get 23 congressman out of 28 who are wavering. We need 3 senators (only two if we get Alabama since we have Corker). Keep calling the 9 that were on the fence and let them have it! We can do this because we must do this! Please help! Thanks!
Call (202)225-3121
https://www.trumptaxscam.org/
LonePirate
(13,427 posts)mindfulNJ
(2,367 posts)dweller
(23,647 posts)😩
roamer65
(36,745 posts)Almost.
Thank you for cutting your own throats for my benefit, dumbasses.
leftynyc
(26,060 posts)Bracket but destroyed in the new lack of property tax deductions. As will everyone in the NY/NJ/CT area. I was at a party last night with most in same situation. Most Clinton voters but some very pissed trump voters who we all did laugh at. THIS is why they voted for him in the first place.
MaryMagdaline
(6,855 posts)Every last Republican Congressman in NY, NJ, Conn, California, ILL.
roamer65
(36,745 posts)People living in states with a graduated income tax are going to get slaughtered on the loss of the SALT deduction.
gratuitous
(82,849 posts)I wonder if I had screamed this in their insipid faces EVEN LOUDER if they would have figured it out?
colsohlibgal
(5,275 posts)If they would do a little research and not get their news from propoganda machines like Fox and right wing radio, they would not make mistakes like this.
Bulletin....Republicans will side with the Wealthy, people and businesses, not everyday work a day folks.
My parents were both from Gallia County in Southern Ohio....my Paternal Grandparents moved to Central Ohio when my Dad was in HS, and were staunch democrats. My Moms family stayed down there and hardly had a pot to pee in....but voted republican religiously, a party that would keep them in poverty.
The big split is Urban/Rural. Rural has to think things through better and quit listening to propoganda from Rush and other Goebbels imitators. Quit being suckers.
VOX
(22,976 posts)Because they lost their "it's not fair" privileges when they pulled the lever for Comrade Trump and his Horse-shit Show.
The entire country is rapidly going down the shitter thanks to them, and they wake up ONLY when their taxes are screwed with? They're still in me-me-me mode, same as always.
DBoon
(22,383 posts)Will they choose the red pill or the blue pill?
jberryhill
(62,444 posts)orangecrush
(19,586 posts)in the White House.
Aristus
(66,434 posts)Go to Hell. (No taxes in Hell, at least. Bonus!)
We told you hammerheads not to vote for him. But no...
EffieBlack
(14,249 posts)Lotusflower70
(3,077 posts)They can all go straight to hell and fuck themselves. I have no sympathy for them whatsoever. We tried to warn you but your stupid asses wouldn't listen.
Binkie The Clown
(7,911 posts)C Moon
(12,219 posts)AllyCat
(16,197 posts)MrScorpio
(73,631 posts)Stainless
(718 posts)This statement indicates just how pathetic the average Trump voters really are. Who in their right mind would believe that the festering puss bag would have any concern at all for the working class?
catbyte
(34,414 posts)the average worker." He couldn't care less about "the average worker." What he was skilled in was giving voice to their bigotry & resentment of "The Other." So did he really think that people who have pictures taken of themselves like this understand or give a fuck about the middle & working classes? No, he only preyed on their hatred to enrich himself & his Russian overlords.
[IMG][/IMG]
[IMG][/IMG]
Angry Dragon
(36,693 posts)Fozzledick
(3,860 posts)bdamomma
(63,913 posts)on golden toilet is worried about the average american yea sure he does.
Angry Dragon
(36,693 posts)roamer65
(36,745 posts)I say some form of garnishment of federal tax revenues.
byronius
(7,396 posts)Bear Flag Republic still has a supermajority. A lot can be done.
Solly Mack
(90,778 posts)Idiots.
Sure, I suppose I should be nice about it, but their choice to believe lies was their choice. People tried to tell them the truth. People tried to give them the facts. They didn't care - Trump made them feel good about their own ignorance and their own hate. That's all that mattered to them then, so why isn't it all that matters to them now?
This is exactly what they cheered, chanted, and begged for....why are they so alarmed now?
They got precisely what they wanted.
Volaris
(10,273 posts)Exactly the same fucking thing next time. BECAUSE...
they want a Ruler to save them and Punish those who are hurting them, and until that changes, they'll keep living in fantasy-land, and they'll keep voting for the Hurters.
Fuck
Their
Sadz
Solly Mack
(90,778 posts)Most of them spout off about freedom when all they seem to want is a ruler, a parent figure to do all the thinking for them. Yet they will complain about a so-called "nanny-state" when they want that authority figure to tell them what to think and how to feel. They need a controlled environment where they can feel safe - and that environment must also be a reflection of themselves. Which means all the "others" must be second to them or they feel threatened. It has to be their religion, their way of thinking, their beliefs - or they get afraid and lash out. And everyone not like them is the other.
Yet they champion a (so-called) "president" who holds them in contempt.
PoindexterOglethorpe
(25,868 posts)They are getting EXACTLY what they voted for. And if they didn't quite understand that in November of 2016, well again, that's too fucking bad. They were responsible for understanding what they were voting for, and if they somehow didn't understand, well then too fucking bad. (Somehow I feel as if I might be repeating myself.) I am so heartily sick of voters going, "OMG! I just didn't know!" as if that absolves them from responsibility. No. You vote. You are responsible for your vote. You do not get to pretend you didn't know what you were voting for. You get the consequences of that vote. Unfortunately, those of us who had the knowledge and understanding to vote for the other candidate are stuck with the results of your vote.
pansypoo53219
(20,986 posts)byronius
(7,396 posts)Blockheads all. And may they repent.
Volaris
(10,273 posts)They're just gonna vote for the NEXT clown with better face-paint.
Achilleaze
(15,543 posts)Slow on the uptake is better than never getting it, I suppose.
democratisphere
(17,235 posts)Afromania
(2,769 posts)The greater majority can go fuck right off and find a quiet corner to sit in while the rest of us fix this shit, AGAIN. The best thing they can do to help is to stay that and do nothing at all. Just sit there, and do nothing because it's clear, that like a defective choose your adventure book, all of their choices lead to the bad end.
JHB
(37,161 posts)...and he wanted your vote. Once he had that, whadda you gonna do, sue him? Get in line.
Sing a song, gentlemen. To the tune of "The Mickey Mouse Club Theme":
Ess You Cee/
Kay Eee Are/
Holy shit that's meeeeeee
Fullduplexxx
(7,866 posts)Vogon_Glory
(9,125 posts)It's like this, Trumpkins: you voted for a con man, you voted for the con man's party, the Harold T. Harold you put in the White House and his pals are going pick your pockets, thanks to your bad judgment, and there will be no happy ending for River City.
I am one of many Democrats who have no sympathy. I didn't, and still don't believe that it takes a college degree to figure out what sort of person you all elected President or what sort of political party he belonged to. (Remember the last recession? His party caused it)A perusal of Donald Trump's past life, research as to how he treated his sub-contractors, and some reading through the Book of Proverbs, should have been more than ample warning. You had those tools, too, and you didn't use them.
You're about to get screwed over, and you're probably not going to like it. We'll be sharing the experience, but we won't be thanking you for it.
Johonny
(20,864 posts)Anyone that bought con man Trump's game is a sucker. Since Trump's act was so see through you honestly have to laugh. Sadly many conned GOPers still pretending this tax cut is going to be just great. Never underestimate the fools ability to be fooled.
HughBeaumont
(24,461 posts)It's like their lives are one big Charlie Brown/Lucy with the Football episode on loop.
Kimchijeon
(1,606 posts)As the rest of us broke ass motherfuckers. Wake the fuck up, morons.
Lifelong Protester
(8,421 posts)having to live with their ill-informed choice.
workinclasszero
(28,270 posts)pandr32
(11,595 posts)That boggles my mind. tRump has never done a thing that should give anyone that idea--ever.
workinclasszero
(28,270 posts)How the HELL can people be so.fucking.STUPID!!??
Give this idiot a Darwin award, he is too stupid to live and may God have mercy on his poor children!
spanone
(135,855 posts)bdamomma
(63,913 posts)after voting for a con man. He screwed his base good. Along with many others.
He doesn't care about the little man neither does the Senate.
George Carlin had the innate knowledge about how they own you and you are not part of their club, rings so true presently.
Vinca
(50,299 posts)Now they won't be able to deduct the interest on their tuition to Trump University. LOL.