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Trump tax plan would benefit mostly the wealthy


Morphine Prince

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Morphine Prince

Nearly all of New York City's millionaires would receive big tax cuts under President Donald Trump's proposed tax overhaul, while more than one-third of moderate- and middle-income families would face increases, according to a government report issued on Thursday.

City Comptroller Scott Stringer said Trump's overall plan, as proposed during the Republican president's campaign, would give more than $5 billion of tax cuts to city dwellers. But almost two-thirds of that would go to those earning more than $500,000, even though they bear just over one-half of the total tax burden. 

"We already have astounding wealth gaps across the city and across the country," Stringer told a news conference. "The Trump tax code, if implemented, would only exacerbate it."

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maxthewonderdog

Of course it will. They take care of their own. Look who he surrounded himself with. Is anyone surprised?

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Chromatislaps

... the American "french revolution" will come for his head if this gets passed through the senate

tumblr_inline_om0fe0vr6p1ra43cw_500.gif

 

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Yuuri
9 minutes ago, Derpplause said:

... the American "french revolution" will come for his head if this gets passed through the senate

tumblr_inline_om0fe0vr6p1ra43cw_500.gif

 

And then comes Queen Hillary

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Chromatislaps
Just now, Misaki said:

And then comes Queen Hillary

or Queen Elizabeth taking back the colonies that belong to ha.

may.thumb.gif.25ea32e4fe3b631c169b5385f3

ICU Theresa May 

may.thumb.gif.25ea32e4fe3b631c169b5385f3

Brexit wasn't for nothing after all

may.thumb.gif.25ea32e4fe3b631c169b5385f3

 

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lego
21 minutes ago, Derpplause said:

or Queen Elizabeth taking back the colonies that belong to ha.

may.thumb.gif.25ea32e4fe3b631c169b5385f3

ICU Theresa May 

may.thumb.gif.25ea32e4fe3b631c169b5385f3

Brexit wasn't for nothing after all

may.thumb.gif.25ea32e4fe3b631c169b5385f3

 

 

 

 

Not that gif. :rip:

 

FreePalestine
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