What's the first rule when you're in a hole? Stop Digging! No taxes on tips, Social Security, and Overtime might seem attractive at first blush. But NONE could pass objective scrutiny. And they ALL promote more unfairness into the tax code, rewarding the more affluent. Contrary to some popular supply side beliefs, lowering taxes substant…
What's the first rule when you're in a hole? Stop Digging! No taxes on tips, Social Security, and Overtime might seem attractive at first blush. But NONE could pass objective scrutiny. And they ALL promote more unfairness into the tax code, rewarding the more affluent. Contrary to some popular supply side beliefs, lowering taxes substantially has never increased tax revenue. If it did, Trump's first term tax cuts would have lowered the federal deficit. Turns out that it didn't. They expanded it.
What's more, Outsider, Trump has been quite clear that he HATES overtime, so "no tax on overtime" should be sane-washed as meaning, in fact, "no more overtime" while "no tax on tips" means getting a clever accountant/lawyer combo to deem your compensation form your (own) company "a tip". Can you not SEE the depth of the deception going on here?
What's the first rule when you're in a hole? Stop Digging! No taxes on tips, Social Security, and Overtime might seem attractive at first blush. But NONE could pass objective scrutiny. And they ALL promote more unfairness into the tax code, rewarding the more affluent. Contrary to some popular supply side beliefs, lowering taxes substantially has never increased tax revenue. If it did, Trump's first term tax cuts would have lowered the federal deficit. Turns out that it didn't. They expanded it.
What's more, Outsider, Trump has been quite clear that he HATES overtime, so "no tax on overtime" should be sane-washed as meaning, in fact, "no more overtime" while "no tax on tips" means getting a clever accountant/lawyer combo to deem your compensation form your (own) company "a tip". Can you not SEE the depth of the deception going on here?