Who would have thought he would do the same thing he did in his first term again?
Less than half of the voters, apparently.
Something tells me most of his voters have no idea what he did last time
This is nothing, wait until the Trump tariffs kick in and everything gets more expensive.
deleted by creator
“A small price to pay to own the libs!” the drones say as they make boiled leather soup.
Don’t forget deport immigrants (arguably increasing food costs). BIL sent me an article about 400+ illegals getting deported Tuesday night or something. Weird, I thought there were hundreds of thousands of them. They could only get that many? “The majority were criminals” Aight, cool. Keep those resources going and start processing the years and years of rape kits left waiting for testing. Start getting those citizens too, champ. Or are we only after the brown criminals? Hmm…
Well, dear leader said gas is gunna be cheap so you can drive to the grocery store and look longingly at the food you can no longer afford to buy and see the empty shelves of cheap eggs. Good thing, since you will need the extra money you will save by not buying food to pay more taxes so the rich won’t have to.
Ironically, eggs are the most expensive they’ve ever been, because of an ongoing bird flu epidemic. Good thing we are deregulating the industry, so we can have a bird flu epidemic, expensive eggs, and a potential foodborne pathogen issue.
No guys it’s cool it’ll trickle down any day now just wait
Picture is incorrect. The bottom glass on the right should be cracking.
I don’t think I can afford to prop up the wealthy any more than I already am doing now. Guess I’ll need to get a fourth job to help pay off Musk and company tax relief.
Is this from the extention of last tax cuts that are still active but set to expire unless renewed? Or a new proposal on top of that policy?
They raise taxes on the middle class to make people hate taxes so they vote for smaller government.
They’ve been doing it since the 80s. God how I wish our politics weren’t in a death spiral. It’s so boring.
Educate the next generation. My kids demonize taxes based off a short video but then get a quick education. Taxes aren’t the devil, the rich dudes who aren’t paying their share are causing your burden to be higher. Billionaires aren’t always the enemy, but look at Amazon wages and it’s an easy way to show them that hoarded wealth generally comes from keeping others down. It takes a bit longer, but elders are the only entity that can counter the bullshit they’re being fed.
Billionaires aren’t always the enemy
Uh, yeah they are
wouldn’t be billionaires if they were allies
Billionaires are always the enemy.
You do not get to even 1 billion without causing massive indirect harm to a shitload of people. No one, no one, every, has put in enough to “earn” 1 billion. The vast majority of people will work their entire lives and be lucky to have a gross total income of a few million. Thats Gross, not worth or wealth, thats, “I took money in and spent it to live.”
I would argue anyone worth much over 10 million is in the same harm causing boat as billionaires.
Clown Country
Just work harder and become a billionaire smh
/s
That’s on top of the increase starting now as well.
The tax plan of 2017 cut taxes for everyone, but starting last year they went up for anyone not making 300k or more.
LOL Bush Jr did the same thing as did the previous Republican president. This is par for the course.
Is there a source on this? Not that I don’t believe it, I’m sure this is exactly what’s going to happen, but if I bring it up in conversation saying “I saw it in a meme” will deflate the argument.
Institute on Taxation and Economic Policy (ITEP)
https://itep.org/federal-tax-debate-2025-trump-tax-changes/#collapseOne
just say I did my own research and anyone dumb enough to ask for a source in casual conversation will be satisfied.
Edit: why gifs no work on Eternity?
deleted by creator
https://www.washingtonpost.com/business/2024/01/12/trump-tax-cuts-2024/
Isn’t their source of data characterized as “left-leaning”? How valid is this information?
Institute on Taxation and Economic Policy (ITEP)
https://itep.org/federal-tax-debate-2025-trump-tax-changes/#collapseOne
Yeah, google ITEP and see that they are classified as “left leaning”. I feel like this lemmy instance is all hard-left at this point.
Nobody in the US knows how marginal rates and progressive tax brackets work, you can sell the fools on anything and just blame the IRS because it’s the most convenient incarnation of what people hate.
It makes me angry when I see people talk about how getting a raise would be bad for them because it would put them in a new tax bracket.
Like dude, no, it won’t be worse. Thats not how that works.
It’s by design… the same group of people think that tarriffs are paid by foreign companies. Keeping voters ignorant is a key part of their strategy. Remember that trump once said “I love the poorly educated”
I mean even this post got it wrong, your taxes go up until about $1 mil, not $300k.
But the cuts could start benefiting you at the $300k bracket relative to before. What’s the actual change?
Because the way marginal taxation works if you make 300k you paid all those extra brackets tax hikes before you got to 300k and started seeing the lower marginal rate.
So to see your impact you add every changed number from the left up to your income, that’s your impact.
Yes it takes a positive turn at 300k, but you’re already deep in the whole and don’t turn to actually positive until around the final bracket.
I know how marginal taxes work and you didn’t address my question. If the tax on above $300k is less than it was before you are paying less. What is this about something changing at $1 million?
I think what they’re saying (I didn’t look at the data yet) is that while the rate at 300k is lower, that lower rate doesn’t make up for the higher rates that individual will have paid until that point. So for the individual in question, the net positive doesn’t happen until 1m.
Why should it be better over $300k though? Thats a tiny tiny percentage of the population who very likely already has more money than they would need for the rest of their lives if they wuit working today, reguardless of age.
People should not be allowed to hoard wealth like that.
This graph should be savings early on, which still benefit those people, because, as you mentioned, it adds them up, but at some point, it gets worse.
Incentivise “spread the wealth”. Lift everyone up, because by 300k, you are good, let others get more.
Yeah I definitely wasn’t advocating for that, was just explaining how that worked with marginal tax rates.
