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Why You Won’t See A Tax Cut

15 Monday Jan 2018

Posted by Paul Kiser in About Reno, Aging, Business, Ethics, Generational, Government, History, Honor, Human Resources, Politics, Taxes, US History

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115th Congress, 2018, Congress, corporate tax cut, corporations, Donald Trump, GOP, middle class, paycheck, payroll, Republicans, Tax Cut and Jobs Act, tax return, taxes, temporary tax cut, wealthy

Republicans are happy about the tax cut for the wealthy, oh, and the small temporary tax cut for the middle class

The Republican slant on the Tax Cut and Jobs Act passed last month is that it is primarily a temporary tax cut for the middle class. The problem is that the temporary tax cut is minor and few families will actually notice any change. The temporary tax cut will be given in small increments on the paycheck, not a lump sum at the end of the year.

By The Numbers

So how much can a person expect to see their paycheck increase? Here are examples of the average temporary tax cuts those earning between $25,000 and $75,000 per year, paid every two weeks (NOTE: Total Tax Cut/paycheck is for each wage earner in a married family):  

(Source:  NYTimes Tax Cut Calculator)

Situation    Dependents   Ave. Tax Cut    Tax Cut/paycheck

Married                    2                     $1,420                     $27.31 ($54.62 total)

Married                    1                       $  970                      $18.65  ($37.31 total)

Single                        2                      $1,290                     $49.62

Single                        1                      $1,000                     $38.46

If you live in the   states (California, Connecticut, Massachusetts, New Jersey, New York and Washington, D.C.,) the tax cut is less:

Situation    Dependents   Ave. Tax Cut    Tax Cut/paycheck

Married                  2                       $  470                     $  9.04 ($18.08 total)

Married                  1                       $  370                     $  7.12 ($14.23 total)

Two to three trips to Starbucks every week* will wipe out the tax cut for most of the middle class.

Inflation Will Swallow At Least Half

Inflation is forecast to be at 2.3 percent for 2018. That means that for every $100 spent on groceries, gas, clothing, etc., the consumer will pay $2.30 more in 2018. If a person spends $30,000, the cost of living will increase by $690. That will wipe out almost half of the temporary tax cut for most of the middle class.

In the end, the only citizens that will notice a tax cut are major corporations and the wealthy. The middle-class citizen will mostly notice what they can no longer use as exemptions.

(*Assuming one $5.00 drink per visit x 6 times per paycheck)

What will the wealthy get back?

A family making over $750,000 could pay a middie class worker’s annual salary with their tax cut.

Situation    Dependents   Ave. Tax Cut    Tax Cut/paycheck

Married                   2                   $39,360                   $ 756.92  ($1,513.85 total)

Married                   1                   $34,050                   $ 654.81  ($1,309.62 total)

Epilogue : The 2010’s

20 Friday Mar 2015

Posted by Paul Kiser in Aging, Business, College, Communication, Education, Ethics, Generational, Government, Government Regulation, Health, Higher Education, History, Honor, Information Technology, Internet, Politics, Pride, Public Image, Public Relations, Religion, Respect, Science, Social Interactive Media (SIM), Social Media Relations, Space, Taxes, Technology, Traditional Media, Universities, US History

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Caucasian, college graduates, Conservatives, Equality, GDP, high school graduates, poor, racism, racists, Reagan agenda, Republicans, Ronald Reagan, The 1%, un-wealthy, wealthy, White politicians

The 2010’s – End of Civility

Image credit: J. Scott Applewhite/AP.

White Conservatives: “Go F**k Yourselves America”

  • Population:  308.7 million
  • Gross Domestic Product (GDP) per capita:  $47,805
  • Median Annual Income:  $47,793 
  • Life Expectancy:  78.7
  • Average Age at Marriage:   Men 28.2, Women 26.1
  • % of pop. w/high school degree or higher:  87.0%
  • % of pop. w/college degree or higher:  30.0% 

REAGAN:  The Killer of America’s Prosperity
From 1950 to 2010 the population of the United States of America doubled (+104.0%.) The Gross Domestic Product (GDP) tripled (+218.1%.) The median annual income is eleven times more than 1950 (+1028%.) Life expectancy has increased by over 15% (15.4%.) Men AND women are marrying an average of over five years older in 2010 than they did in 1950 (men +23.7%, women +28.6%.) The percentage of people with at least a high school degree is now almost 90% versus 34% in 1950 (+153.6%.) Today, 30% of our citizens have at least a college degree versus 6% in 1950 (+383.9%.)

Something went right for America in the last 60 years. But that is changing.

Prior to the Great Depression, Republicans controlled the House and Senate for the majority of the previous 70 years. After the Great Depression both the House and Senate was under Democratic control until 1980. In 1980, America began folowing the conservatives agenda (Reagan 1980-1988, Bush 41 1989-1992, Republican control of Congress 1994-2008) of dismantling the government at all levels, start more wars, give more money to the wealthy, and give less help for the un-wealthy. Since 1979, the wealthiest 1% after-tax income has increased by 200%.

U.S._Income_-_Changes_by_Income_Group_1979-2011

The 1% are 200% wealthier since conservatives took control of the government

Since 1980, annual increases in U.S. Gross Domestic Product (GDP) has stalled and fallen.

GDP Growth by Year

ANNUAL GDP GROWTH: Post World War II, U.S. annual GDP began a steady growth until shortly after Ronald Reagan became President.

GROWTH SACRIFICED FOR GREED
Post-war prosperity was spurred by significant federal government projects and programs. Conservatives derailed that by blaming government for economic issues that were caused by corporate and business greed.

Despite the obvious failure of the Reagan agenda, conservatives have taken a position of complete denial and fantastical thinking. They no longer believe they have any obligation to acknowledge or respect the rest of America. Conservatives are behaving as a child would behave when they are not getting their way, even though their request is completely inappropriate. Rather than accepting that President Obama was elected twice by a majority of Americans, Republicans have blocked all efforts to move forward on measures proven to generate American prosperity because it would make those that have more, give more.

Reagan conservatives have failed and they are backed in a corner of failure. They will not accept reason, nor facts. Civility would force them to accept their failure, so they must be uncivil. They are willing to destroy America, rather than acknowledge failure.

WHY ARE WE HERE?
America has experience massive change in the past 65 years. Most of that change has been good, but the one aspect of the American concept, the idea that we are all created equal, is the one issue in our country that has cast a shadow over us for centuries. White males believe that they are superior to all others and as our demographics have changed Caucasians have worked to obstruct equality rather than accept it.

Segregation was not considered racist until it became obvious it was motivated by whites who were racist. Dismantling government programs that benefit the poor and those in need may not be considered racist, until we realize that these ideas have been pushed forward almost exclusively by white politicians. Telling America that the rich are too burdened to pay a fair share of their taxes is not considered racist until you examine the loop of rich white people giving money to white politicians to pass laws that will reduce taxes on the wealthiest who are almost all white.

America is a country that has yet to commit to everyone being equal. In the 1950’s, white people took their money and ran away to the suburbs. In the 1960’s, the federal government finally stepped in and paid attention to the unequal treatment of African-Americans. In the 1970’s, we became distracted by unethical leaders, war, oil shortages, and inflation. In the 1980’s, we were conned into the idea that our government was to blame for all our problems in the 1970’s, while the Reagan spent money that America didn’t have to spend. In the 1990’s, the conservatives regained control of Congress and began dismantling the federal government and ending ethical business oversight. In the 2000’s, Republicans led America down a path of war and destruction that almost wiped out our economic system.

Why we are here is because we have become weak. We have listened to fools and we know they are fools. They are willing to tear America apart for greed and their own racist ideals. To a racist, compromise is unthinkable, and that is why conservatives will never work towards a unified nation.

THE SERIES:  The 1950’s    The 1960’s    The 1970’s    The 1980’s    The 1990’s    The 2000’s    

Conservative Credibility Account is Bankrupt

05 Wednesday Dec 2012

Posted by Paul Kiser in Business, Communication, Ethics, Government, Honor, Internet, Opinion, Politics, Public Relations, Respect, Social Interactive Media (SIM), Social Media Relations, Taxes

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fiscal cliff, John Boehner, President George W. Bush, tax hike, wealthy

To be relevant you have to be credible and conservatives have spent all their credibility:

Bush Logic: Trust me. I know what I'm doing

Bush Logic: Trust me. I know what I’m doing

  • George W. Bush was going to force government to be smaller by taking revenue away via massive tax cuts. Then he made government even bigger and spent our country into debt.
  • Mitt Romney changed his position on issues on a weekly basis resulting in a trust deficit that he couldn’t overcome.
  • Oil companies and wealthy business men paid millions of dollars to finance conservative candidate’s political campaigns filled with deception and lies that were exposed within hours through Social Media.
  • Republicans vowed to obstruct President Obama efforts at all costs and blocked any legislation or appointments for two years, then tried to blame Democrats for not being able to ‘reach across the aisle.’
  • Republicans concept of smaller government and less regulation resulted in higher unemployment and unethical business practices that destroyed our economy.

    Conservative Investigation: Celebrate males testify about women's contraception

    Conservative Investigation: Celibate males testify about women’s contraception

  • Elected conservatives males demonstrate the absurdity of their positions on abortion and contraceptives exposing an underlying misogynistic attitude.
  • Conservative white state legislators in the South pass laws targeted at Latinos and minorities to discourage them from voting revealing a racist attitude.
  • Conservatives ironically insult minorities and Liberals as lazy, ‘takers’ who only seek handouts from the federal government while they seek to live in the United States of America without paying taxes for the privilege of living and working in this country.

    Boehner Math: 7.5% = 50%

    Boehner Math: 7.5% = 50%

Now conservative House Representative John Boehner is pushing the deception that a tax hike on the wealthiest 2% will impact fifty percent of small businesses. The fact is that a tax hike on those who have over $200,000 of personal income ($250,000 for married filing jointly) will affect only 7.5% of small business owners.

What is shocking is that the small percentage of wealthy small business owners pay themselves $200,000 or more out of their business account for fifty percent of all small business revenue. Note that the money is going into their pocket, not reinvested into the business, nor used for hiring more people, but into their personal account.  Boehner is trying to protect the interests of the greediest of small business people.

92.5 percent of small business owners will not be impacted by this tax hike, but Boehner continues to try to deceive America into the belief that he is protecting small business owners.

The Republicans have exhausted their credibility and still they continue to try to deceive rather than serve America. It’s hard to understand conservatives pursuit of deception as a political tool. If the last election demonstrated anything it was that the majority of America could not be bought or deceived. Social media quickly exposes lies and deceptions and yet Republicans continue to behave as if they live in an Orwellian 1984, and people will believe whatever they want them to believe.

Conservatives Weaponize Religion, Worship Wealth

02 Friday Dec 2011

Posted by Paul Kiser in Politics, Religion, Taxes

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Tags

abortion rights, Conservatives, Dean Heller, gay marriage, Iowa, Republicans, Rick Perry, S.1931, tax breaks, The Family Leader, wealthy

First Conservative Church of America?

In the past two weeks Conservatives dropped any pretense about their goal of creating new laws that will be used as weapons anyone who violates their version of religion. At the same time Conservatives in Congress also continued to elevate the millionaires and billionaires to demigod status.

Few would deny that Evangelical Christians control most if not all religious conversations among Conservatives, but that was even more apparent on the Saturday before Thanksgiving when the Iowa-based, ultra-Conservative religious group, The Family Leader, hosted a round-table discussion with six of the most prominent Republican Presidential candidates. Prior to the start of the two-hour event, organizers spent 45 minutes outlining their plan for national domination by controlling who will be elected to a political office.

Groups like The Family Leader, Focus on the Family, and The Truth Project hope to create a “worldview” in the United States that uses local, state, and federal laws as their weapons to enforce their mythological beliefs on all citizens. It was hard to argue with their ability to control Conservative politics with six Republican candidates at their beck and call.

Paul Kiser

Conservatives have worked to pass laws that denied equal rights to Gay Americans, created impossible building codes for women’s health clinics that honored a woman’s freewill, and define birth control as murder. The Iowa event made it clear that Republican Presidential candidates have nothing but praise and support to groups who seek to replace fair government with interpretive mythology.

After the event, Conservative Presidential candidate Rick Perry joined Michele Bachmann and Rick Santorum in signing The Family Leader’s Pledge to Marriage. The vow that implies that being Gay is a learned behavior (presumably that can be deprogrammed,) that African-Americans were better parents when they were slaves, and demands the candidate commit to 14 points, including an Amendment to the United States Constitution that forbids legal Gay marriage, and a rejection of Sharia Islam law.

Conservative's Deity: Wealth

In the same week Conservatives offered the economy of the United States as a sacrifice to the richest Americans by rejecting any plan to secure America’s future that would include a restoration of tax revenue from those who owe the most to this country for their wealth. Despite Conservative attempts to spin it as the fault of the Democrats, the simple fact is that there was only one issue that kept Congress from creating a solution to America’s current and future debt issue and that is imposing fair taxes on those with incomes over $1 million a year.

This week appointed Senator Dean Heller from Nevada joined in the worship of the rich by authoring Senate Bill 1931 (S.1931) which proposes legislation to temporarily extend tax cuts for middle and lower incomes by taking jobs and money from some of the very people the temporary tax cuts are supposed to benefit. Heller, a former Bank of America consultant and stockbroker who, according to the Las Vegas Sun, is worth between $2.5 and $11 million, offered the new law in order to shelter the wealthy, including himself, from the Democrats proposal that would re-establish some of the tax revenue that was cut during the Bush administration.

As an apparent joke to the wealthy and an insult to those who are not, Heller included provisions in the bill that millionaires; 1) could, if they felt like it, donate money to the United States Treasury to lower America’s debt, 2) would not be able to collect unemployment nor food stamps (we allow millionaires to collect unemployment and food stamps now?), and 3) make them pay more for Medicare, assuming they can’t afford private health insurance. All three provisions are symbolic gestures that pale in comparison to the jobs and wages lost by the rest of Senate Bill 1931.

Conservatives point to the Bible as their rationale for everything they do. The Bible says,

“Again I say to you, it is easier for a camel to go through the eye of a needle, than for a rich man to enter the kingdom of God.”
Matthew 19:24

It seems Conservatives like Senator Dean Heller, who scored a perfect 100% favorable rating from the Christian Coalition of America, are unconcerned about what the Bible says.

A version of this article first published as
Conservatives Weaponize Religion, Worship Wealthy

on Technorati.com

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