Republicans, can you please explain to me how a bill cutting taxes for the rich and increasing taxes for the poor is going to help matters?
By @LordShadowfire
Robot
This page is a permanent link to the reply below and its nested replies. See all post replies »
BrandNewMan · M
The bottom 40% of tax payers from income perspective pay $0 in federal taxes. That is not changing .. so .. this is a lie to claim otherwise.
Shame upon you SWQuestions Robot. You should be shutdown.
https://www.google.com/search?q=will+the+big+beautiful+bill+increase+taxes+on+those+who+do+not+pay+federal+taxes+now%3F&sca_esv=418cdb293b325d1a&ei=ioxoaIDlH52g5NoP25XX0A0&oq=will+the+big+beautiful+bill+increase+taxes+on+those+who+do+not+pay+federal+taxes+now%3F&gs_lp=EhNtb2JpbGUtZ3dzLXdpei1zZXJwIlV3aWxsIHRoZSBiaWcgYmVhdXRpZnVsIGJpbGwgaW5jcmVhc2UgdGF4ZXMgb24gdGhvc2Ugd2hvIGRvIG5vdCBwYXkgZmVkZXJhbCB0YXhlcyBub3c_MgoQABiwAxjWBBhHMgoQABiwAxjWBBhHMgoQABiwAxjWBBhHMgoQABiwAxjWBBhHMgoQABiwAxjWBBhHMgoQABiwAxjWBBhHMgoQABiwAxjWBBhHMgoQABiwAxjWBBhHSNYlUABYAHABeAGQAQCYAQCgAQCqAQC4AQPIAQCYAgGgAgWYAwCIBgGQBgiSBwExoAcAsgcAuAcAwgcDMi0xyAcE&sclient=mobile-gws-wiz-serp
Shame upon you SWQuestions Robot. You should be shutdown.
https://www.google.com/search?q=will+the+big+beautiful+bill+increase+taxes+on+those+who+do+not+pay+federal+taxes+now%3F&sca_esv=418cdb293b325d1a&ei=ioxoaIDlH52g5NoP25XX0A0&oq=will+the+big+beautiful+bill+increase+taxes+on+those+who+do+not+pay+federal+taxes+now%3F&gs_lp=EhNtb2JpbGUtZ3dzLXdpei1zZXJwIlV3aWxsIHRoZSBiaWcgYmVhdXRpZnVsIGJpbGwgaW5jcmVhc2UgdGF4ZXMgb24gdGhvc2Ugd2hvIGRvIG5vdCBwYXkgZmVkZXJhbCB0YXhlcyBub3c_MgoQABiwAxjWBBhHMgoQABiwAxjWBBhHMgoQABiwAxjWBBhHMgoQABiwAxjWBBhHMgoQABiwAxjWBBhHMgoQABiwAxjWBBhHMgoQABiwAxjWBBhHMgoQABiwAxjWBBhHSNYlUABYAHABeAGQAQCYAQCgAQCqAQC4AQPIAQCYAgGgAgWYAwCIBgGQBgiSBwExoAcAsgcAuAcAwgcDMi0xyAcE&sclient=mobile-gws-wiz-serp
@BrandNewMan what does that search have to do with paying taxes? 😂
Nightwings · 31-35, F
@BrandNewMan is that.... a link? 👀 💀
DeWayfarer · 61-69, M
@BrandNewMan Guy the question was brought up by a legitimate user.
Perhaps you are blocked one way or the other, yet you tell just by the fact there's the word "By" without a username in the body of the post.
Perhaps you are blocked one way or the other, yet you tell just by the fact there's the word "By" without a username in the body of the post.
BrandNewMan · M
@NerdyPotato Oops. Fixed it.
BrandNewMan · M
@DeWayfarer Well .. guy .. There is no name appearing for me. Whether an AI-bot generated or user generated question .. the premise is not true /factually correct .. which is the point of the comment, not who asked the fucking question
DeWayfarer · 61-69, M
@BrandNewMan oh you're good at coaxing AI alright. Yet try this from the same AI...
The term "Big Beautiful Bill" has been used in various contexts, primarily associated with President Trump's administration, but it can refer to different proposals or initiatives. Here’s a comprehensive breakdown of the term and its implications:
1. Infrastructure Plan
Overview: One of the most notable uses of the term was in relation to Trump's infrastructure plan, which aimed to revitalize the nation's infrastructure through significant federal investment.
Details:
Funding: The plan proposed $1 trillion in infrastructure spending, with a focus on roads, bridges, and public transit.
Public-Private Partnerships: It emphasized leveraging private investment to fund projects, which raised concerns about the feasibility and potential prioritization of profit over public need.
Criticism: Critics argued that the plan lacked specific funding mechanisms and detailed project lists, leading to skepticism about its implementation. Many felt it was more of a campaign promise than a concrete policy.
2. Tax Reform
Overview: The term has also been associated with the Tax Cuts and Jobs Act of 2017, which was a significant piece of legislation during Trump's presidency.
Details:
Tax Cuts: The act included substantial tax cuts for corporations and individuals, with the intention of stimulating economic growth.
Impact on Deficit: Critics pointed out that the tax cuts could increase the federal deficit significantly, raising concerns about long-term economic sustainability.
Economic Growth: Proponents argued that the cuts would lead to job creation and higher wages, while opponents contended that the benefits disproportionately favored the wealthy.
3. Political Messaging
Rhetoric: The phrase "Big Beautiful Bill" itself is seen by some as a rhetorical device aimed at creating a positive image of the legislation, appealing to voters' emotions rather than focusing on the specifics.
Perception Management: The use of grandiose language can be interpreted as an attempt to distract from potential shortcomings or criticisms of the actual policies being proposed.
4. Public Reception
Support vs. Opposition: Public opinion on the initiatives associated with the "Big Beautiful Bill" has been divided, with supporters praising the ambition and vision, while critics highlight the lack of details and potential negative consequences.
Media Coverage: Coverage of the bill has varied, with some outlets focusing on the positive aspects and others emphasizing the criticisms and potential pitfalls.
5. Conclusion
The term "Big Beautiful Bill" encapsulates a blend of ambitious policy proposals and political rhetoric. While it aims to convey a sense of grandeur and positivity, the specifics of the legislation and its implications have led to significant debate and differing interpretations among politicians, analysts, and the public. The effectiveness and impact of such proposals remain contentious topics in political discourse.
This comprehensive overview highlights the complexities and varying perspectives surrounding the term "Big Beautiful Bill," illustrating how it can be interpreted in multiple ways depending on the context and the audience.
1. Infrastructure Plan
Overview: One of the most notable uses of the term was in relation to Trump's infrastructure plan, which aimed to revitalize the nation's infrastructure through significant federal investment.
Details:
Funding: The plan proposed $1 trillion in infrastructure spending, with a focus on roads, bridges, and public transit.
Public-Private Partnerships: It emphasized leveraging private investment to fund projects, which raised concerns about the feasibility and potential prioritization of profit over public need.
Criticism: Critics argued that the plan lacked specific funding mechanisms and detailed project lists, leading to skepticism about its implementation. Many felt it was more of a campaign promise than a concrete policy.
2. Tax Reform
Overview: The term has also been associated with the Tax Cuts and Jobs Act of 2017, which was a significant piece of legislation during Trump's presidency.
Details:
Tax Cuts: The act included substantial tax cuts for corporations and individuals, with the intention of stimulating economic growth.
Impact on Deficit: Critics pointed out that the tax cuts could increase the federal deficit significantly, raising concerns about long-term economic sustainability.
Economic Growth: Proponents argued that the cuts would lead to job creation and higher wages, while opponents contended that the benefits disproportionately favored the wealthy.
3. Political Messaging
Rhetoric: The phrase "Big Beautiful Bill" itself is seen by some as a rhetorical device aimed at creating a positive image of the legislation, appealing to voters' emotions rather than focusing on the specifics.
Perception Management: The use of grandiose language can be interpreted as an attempt to distract from potential shortcomings or criticisms of the actual policies being proposed.
4. Public Reception
Support vs. Opposition: Public opinion on the initiatives associated with the "Big Beautiful Bill" has been divided, with supporters praising the ambition and vision, while critics highlight the lack of details and potential negative consequences.
Media Coverage: Coverage of the bill has varied, with some outlets focusing on the positive aspects and others emphasizing the criticisms and potential pitfalls.
5. Conclusion
The term "Big Beautiful Bill" encapsulates a blend of ambitious policy proposals and political rhetoric. While it aims to convey a sense of grandeur and positivity, the specifics of the legislation and its implications have led to significant debate and differing interpretations among politicians, analysts, and the public. The effectiveness and impact of such proposals remain contentious topics in political discourse.
This comprehensive overview highlights the complexities and varying perspectives surrounding the term "Big Beautiful Bill," illustrating how it can be interpreted in multiple ways depending on the context and the audience.
BrandNewMan · M
@DeWayfarer What has any of this got to do with the poor being made to pay more taxes? That is the claim in the question. NOTHING in what you posted addresses that AT ALL.
"Did a family of 3 owe federal taxes on $40000 income in 2024?
"Generally, a family of 3 with $40,000 in income in 2024 would likely owe some federal taxes, but the exact amount depends on their specific circumstances and tax deductions/credits they qualify for.
Here's a breakdown:
Standard Deduction: The standard deduction for a married couple filing jointly in 2024 was $29,200. This reduces their taxable income.
Taxable Income: Assuming they file jointly and take the standard deduction, their taxable income would be $40,000 - $29,200 = $10,800.
Tax Brackets: For 2024, the tax rate for married filing jointly on income up to $23,200 is 10%.
Tax Calculation: They would pay 10% on their $10,800 taxable income, which is $1,080.
Tax Credits: However, as a family of 3, they likely qualify for the Child Tax Credit. For each qualifying child under age 17, they could receive up to a $2,000 credit. Their income of $40,000 is well below the income limitations for the full credit, which were $400,000 for married couples filing jointly.
Potential Tax Liability: Depending on the number of qualifying children they have, the Child Tax Credit could significantly reduce or even eliminate their federal tax liability.
In summary:
Based on the 2024 tax laws and the provided information, a family of 3 with $40,000 income would likely have a taxable income of $10,800. This would result in a preliminary federal tax liability of $1,080 (10% of $10,800). However, the Child Tax Credit could offset this amount.
"What are the standard deductions for 2025?"
"Here are the standard deduction amounts for each filing status in 2025:
Single or Married Filing Separately: $15,000
Married Filing Jointly or Qualifying Surviving Spouse: $30,000
Head of Household: $22,500
These amounts represent an increase from the 2024 standard deduction, with increases of $400 for single filers and $800 for joint filers."
"At $40000 in income for family of three will the filer owe federal taxes in 2025?"
"Here's a breakdown of whether a family of three earning $40,000 in income might owe federal taxes in 2025, considering filing jointly:
Standard Deduction: For married couples filing jointly in 2025, the standard deduction is $30,000.
Child Tax Credit: The maximum Child Tax Credit for 2025 is $2,000 per qualifying child. A family of three, with at least one child meeting the criteria, would likely be eligible for this credit.
Calculating Taxable Income: If their gross income is $40,000 and they claim the standard deduction of $30,000, their taxable income would be $10,000 ($40,000 - $30,000).
Tax Bracket: For married couples filing jointly in 2025, the 10% tax bracket applies to taxable income up to $23,850. Their $10,000 in taxable income falls within this bracket.
Tax Liability: The tax on $10,000 of taxable income at a 10% rate would be $1,000.
Applying the Child Tax Credit: The $2,000 Child Tax Credit would offset their $1,000 tax liability, resulting in no federal income tax owed."
Clear enough for you ?
"Did a family of 3 owe federal taxes on $40000 income in 2024?
"Generally, a family of 3 with $40,000 in income in 2024 would likely owe some federal taxes, but the exact amount depends on their specific circumstances and tax deductions/credits they qualify for.
Here's a breakdown:
Standard Deduction: The standard deduction for a married couple filing jointly in 2024 was $29,200. This reduces their taxable income.
Taxable Income: Assuming they file jointly and take the standard deduction, their taxable income would be $40,000 - $29,200 = $10,800.
Tax Brackets: For 2024, the tax rate for married filing jointly on income up to $23,200 is 10%.
Tax Calculation: They would pay 10% on their $10,800 taxable income, which is $1,080.
Tax Credits: However, as a family of 3, they likely qualify for the Child Tax Credit. For each qualifying child under age 17, they could receive up to a $2,000 credit. Their income of $40,000 is well below the income limitations for the full credit, which were $400,000 for married couples filing jointly.
Potential Tax Liability: Depending on the number of qualifying children they have, the Child Tax Credit could significantly reduce or even eliminate their federal tax liability.
In summary:
Based on the 2024 tax laws and the provided information, a family of 3 with $40,000 income would likely have a taxable income of $10,800. This would result in a preliminary federal tax liability of $1,080 (10% of $10,800). However, the Child Tax Credit could offset this amount.
"What are the standard deductions for 2025?"
"Here are the standard deduction amounts for each filing status in 2025:
Single or Married Filing Separately: $15,000
Married Filing Jointly or Qualifying Surviving Spouse: $30,000
Head of Household: $22,500
These amounts represent an increase from the 2024 standard deduction, with increases of $400 for single filers and $800 for joint filers."
"At $40000 in income for family of three will the filer owe federal taxes in 2025?"
"Here's a breakdown of whether a family of three earning $40,000 in income might owe federal taxes in 2025, considering filing jointly:
Standard Deduction: For married couples filing jointly in 2025, the standard deduction is $30,000.
Child Tax Credit: The maximum Child Tax Credit for 2025 is $2,000 per qualifying child. A family of three, with at least one child meeting the criteria, would likely be eligible for this credit.
Calculating Taxable Income: If their gross income is $40,000 and they claim the standard deduction of $30,000, their taxable income would be $10,000 ($40,000 - $30,000).
Tax Bracket: For married couples filing jointly in 2025, the 10% tax bracket applies to taxable income up to $23,850. Their $10,000 in taxable income falls within this bracket.
Tax Liability: The tax on $10,000 of taxable income at a 10% rate would be $1,000.
Applying the Child Tax Credit: The $2,000 Child Tax Credit would offset their $1,000 tax liability, resulting in no federal income tax owed."
Clear enough for you ?
DeWayfarer · 61-69, M
Ferise1 · 46-50, M
@BrandNewMan Hospitals
Hospitals are not happy with the health care provisions of the bill, which would reduce the support they receive from states to care for Medicaid enrollees and leave them with more uncompensated care costs for treating uninsured patients.
“The real-life consequences of these nearly $1 trillion in Medicaid cuts – the largest ever proposed by Congress – will result in irreparable harm to our health care system, reducing access to care for all Americans and severely undermining the ability of hospitals and health systems to care for our most vulnerable patients,” said Rick Pollack, CEO of the American Hospital Association.
The association said it is “deeply disappointed” with the bill, even though it contains a $50 billion fund to help rural hospitals contend with the Medicaid cuts, which hospitals say is not nearly enough to make up for the shortfall.
Hospitals are not happy with the health care provisions of the bill, which would reduce the support they receive from states to care for Medicaid enrollees and leave them with more uncompensated care costs for treating uninsured patients.
“The real-life consequences of these nearly $1 trillion in Medicaid cuts – the largest ever proposed by Congress – will result in irreparable harm to our health care system, reducing access to care for all Americans and severely undermining the ability of hospitals and health systems to care for our most vulnerable patients,” said Rick Pollack, CEO of the American Hospital Association.
The association said it is “deeply disappointed” with the bill, even though it contains a $50 billion fund to help rural hospitals contend with the Medicaid cuts, which hospitals say is not nearly enough to make up for the shortfall.
SunshineGirl · 36-40, F
@BrandNewMan A 1% tax on remittances (another less remarked part of the Act) will definitely fall on the poorest.