
Here's a good one. PGAC has to bend reality into a pretzel shape to make this one into OUTRAGE!!
ProfessorGAC (31,506 posts)
28. Second Post On This
Out of curiosity, i reran the calculator for $40-75k, filing jointly, with one kid, in a high state tax area.
Those folks are getting hammered with 10.3, 11.7, and 12.1% REDUCTIONS in after tax income in years 1 through 3. The taxes go up!!!! So much for the middle class tax cut.
There's a 0.4% increase in the 6th year, and then goes slightly negative again for the rest of the time period.
Then i ran it with the >$500k scenario, no kids, filing jointly, and not in a high tax state!
The first 8 years shows tax reductions amounting to a post tax increase of 9.2 - 10.5% for 8 of the 10 years. Then it becomes a tax increase in the last 2 years of around 0.15%.
And this is not supposed to be a tax cut for the rich? Ridiculous.
So, PGAC, you had to compare lower income in high tax states with higher income in low tax states to gin up your outrage huh? Hahahahahahahahahaha. Too funny.
What I'm seeing in your example above is a STATE screwing those lower income people, not a federal income tax cut. Would you like to come explain your logic on this? I mean, DU is the 'reality' based community and all, right?

I'm loving this shit.
KC