Graph is from October 2024 this isn’t some new version that was just released either
this post was submitted on 23 Jan 2025
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This is just peak brainworm. What does someone making nearly a million dollars a year even do with an extra 7k?? Make their scroodge McDuck vault a little deeper? Doesn't matter how deep it is, you still can't dive into it like a pool. Idiots.
No, you totally can dive into a pile of gold and swim in it and they should definitely all try it. It works better the higher the diving board is.
Pretend that's the end of the bracket and it doesn't increase from there. Now the guy making 100,000,000 gets an extra $700,000
To be honest, if you're able to make a million a year (even hundreds of thousands a year), you can afford an accountant who will tell you not to take compensation as employment income.
If you're a business owner you'll be taking a significant share as dividends, or if you're an executive you'll be taking stock options or other share based compensation. If done correctly, you can not only take advantage of lower tax rates but also defer taxes to future years.
If you say so....I'm more of a turbotax on April 14 kinda guy
They are alluding to capital gains. If you don’t need money now, you take 50 million dollars in stock, hold it for at least a year, and now you’re paying 15% or less instead of whatever the top tax bracket would be (like 37% or something) if you were to take it as employment income.
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they use dollar bills instead of gold coins, you can get a cushy landing and swim through it pretty well.
I hope they get paper cuts on their eyeballs.
Supposedly they invest it back into the economy, or, at least that’s what I’ve been told.
Yeah, of course, through stock buybacks and executive bonuses.
Just enjoy being the wind beneath the golden parachutes. 🪂
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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?
I don't think we know anything yet for real. I believe they included the costs of the tarrifs into everyday Americans taxes, because they are taxes after all... But Madam President changes the percent on tarrifs and to whom every time they talk, so unless someone actually writes something down, we'll never know anything concete. It is concrete that they are no longer a man though.
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.
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
LOL Bush Jr did the same thing as did the previous Republican president. This is par for the course.
The last two times I’ve been to Costco they’ve been out of eggs. One of these days I’m expecting the Cash & Carry to be out of eggs too. Then the Rosaures, the Safeway, and the mini mart too. Just think of the savings in not buying any eggs at all!
“You get bird flu! You get bird flu! Bird flu for everyone!”
-Trump FDA soon
He's going to force factory farms to stop culling sick chickens, isn't he? Somehow RFK will get involved with the chickens' rights
Even if we're just talking eggs, they're up about $1.50 per dozen in my area and Der Blöderfürher has only been in office three days.
Well at least that war over in Ukraine is over!
Day 1!
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LOL Bush Jr did the same thing as did the previous Republican president. This is par for the course.
It looks like they aren't planning to institute the new changes until spring this year. Is that correct, or am I misreading the website?
That'll help pay for those aircraft carriers ..... for about an hour
I think you severely underestimate how many people are involved in the income tax scam.
I hope they starve. If I was running a soup kitchen I'd refuse to serve anyone who voted for this.
In my area the soup kitchens are manned by, and frequented by almost exclusively Trump voters. It's deep red.
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