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FabioTheNewOrder@lemmy.world ⁨1⁩ ⁨month⁩ ago

If you apply such cut only above a certain threshold income everyone under that threshold will not reap te benefit of that cut while at the same time will be affected by alack of investments in public spending and services which will derive from a lower income in the state revenue caused by said tax cut.

Is this clear or should I draw you a picture? Maybe I can build you a dioirama using play-doh. Thinking about it, better not: I wouldn’t want you to put that paste up your nose trying to fill that so unconfortable void sitting inside your thick skull

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jimbolauski@lemm.ee ⁨1⁩ ⁨month⁩ ago

If you apply such cut only above a certain threshold income everyone under that threshold will not reap the benefit of that cut

It’s a flat cut accross the board so this doesn’t apply. Everyone’s tax rate is lowered the same amount. Remember this tax isn’t a progressive tax cut, you still remember what a progressive tax cut is.

they will be affected by a lack of investments in public spending and services which will derive from a lower income in the state revenue caused by said tax cut.

That’s a simpletons understanding of how funding works. If nothing is cut then the deficit increases, this is common. If foreign aid is cut how does that harm the taxpayer? If defense spending is cut how does that harm the taxpayer?

My point is taxes go to so much more than infrastructure and social programs that the US spends taxpayer money on. There are a lot of things than can be cut and not harm low income families.

Hopefully now you’ll see why your simple statement is just ignorant of what is really going on.

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- FabioTheNewOrder@lemmy.world ⁨1⁩ ⁨month⁩ ago
  
  It’s a flat cut accross the board so this doesn’t apply. Everyone’s tax rate is lowered the same amount. Remember this tax isn’t a progressive tax cut, you still remember what a progressive tax cut is.
  
  Even if this would be a flat cut across the board who do you think would benefit more from this cut, proportionally? A family with 100K income taxed at a flat rate of 35% or a family with 100,000K taxed at the same rate? Who would save more money from a tax cut in this scenario?
  
  You do understand why tax rates should be progressive, right?
  
  That’s a simpletons understanding of how funding works. If nothing is cut then the deficit increases, this is common.
  
  You have seen that this administration is currently cutting agencies related to consumers protection and state management, right? Are you living in the same reality as all of us or are you living the MAGA dream?
  
  If foreign aid is cut how does that harm the taxpayer? If defense spending is cut how does that harm the taxpayer?
  
  My point is taxes go to so much more than infrastructure and social programs that the US spends taxpayer money on. There are a lot of things than can be cut and not harm low income families.
  
  Once more you don’t understand the concept of soft power. If you think that cutting spending abroad will benefit the USA while China and Russia keep on spending on developing countries to entrench their politics in these parts of the world you are even stupider than what you sound like
  
  Hopefully now you’ll see why your simple statement is just ignorant of what is really going on.
  
  I really don’t have any hope you can uderstand what you are talking about
  
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  - jimbolauski@lemm.ee ⁨1⁩ ⁨month⁩ ago
    
    Even if this would be a flat cut across the board who do you think would benefit more from this cut, proportionally? A family with 100K income taxed at a flat rate of 35% or a family with 100,000K taxed at the same rate? Who would save more money from a tax cut in this scenario?
    
    How are low and middle income households harmed in this scenario?
    
    You do understand why tax rates should be progressive, right?
    
    I know you just learned what progressive taxes and tax cuts are and are excited to use it, but you’re far from an expert.
    
    You have seen that this administration is currently cutting agencies related to consumers protection and state management, right? Are you living in the same reality as all of us or are you living the MAGA dream?
    
    If the cfpa was serious about its job they would not have spent more in renovations than all the rest of federal government, or pass on any of the fines it imposed against lenders to the people they harmed. They are helping themselves not consumers.
    
    Once more you don’t understand the concept of soft power. If you think that cutting spending abroad will benefit the USA while China and Russia keep on spending on developing countries to entrench their politics in these parts of the world you are even stupider than what you sound like
    
    There’s no ROI on usaid money so getting rid of it won’t hurt the US. ie giving you $1000 won’t make you conservative. To do that I’d need to teach you work ethic, accountability, self reliance, maybe a trade, and a whole bunch of self confidence, then maybe you would be more focused on things you can do to improve your life instead of what others should do for you.
    
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    FabioTheNewOrder@lemmy.world ⁨1⁩ ⁨month⁩ ago
    
    How are low and middle income households harmed in this scenario?
    
    Once again, less revenues for the government, less resources to be shared among low and middle houseolds, even less public spending available for services mainly used by low and middle income houseolds. Proportionally those who save more money are the ones who have more money to be taxed. A 50$ difference in tax payments for a low income houseold does not hit like saving 1.000$ or 10.000$ for higher incomes if you also loose those services and benefits you received while you were paying those extra 50$ tax.
    
    If the cfpa was serious about its job they would not have spent more in renovations than all the rest of federal government, or pass on any of the fines it imposed against lenders to the people they harmed. They are helping themselves not consumers.
    
    We’ll see how you’ll like price gauging, cartels and lowe safety and quality standards on the goods produced in the USA without any agency enforcing the law against these practices. I mean, if you like lead in your cereals because metals are good for you, enjoy. We’ll see how you like corporations whose only goal is the returns for their shareholders and not consumers’ satisfaction.
    
    There’s no ROI on usaid money so getting rid of it won’t hurt the US. ie giving you $1000 won’t make you conservative. To do that I’d need to teach you work ethic, accountability, self reliance, maybe a trade, and a whole bunch of self confidence, then maybe you would be more focused on things you can do to improve your life instead of what others should do for you.
    
    The fact that those investments do not produce any goods does not mean that there is no ROI. It’s called “influence” and has a huge impact on your trades and relationships with the rest of the world, like it has in your personal life where personally knowing someone and having a good relation with that person can affect how they treat you in a business scenario. But once more you struggle to understand this concept, maybe it’s not me who’s the one having no human interactions in his life between the two of us?
    
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