First, math, (and apparently reading), were not her strong suits in grade school. If you didn't notice, she said there were 20 dollars in tax cuts but she describes 21. But that was just the smallest mistake.
I stole this from a comment on this vid online. I don't know the person or how accurate it is but it looks solid to me: Some quick math. Essential expenses are calculated at 150% of the poverty line ( https://studentloanhero.com/featured/discretionary-income-student-loans/ ). Poverty line for a two person household, as of January 31, 2017, is $16,240 ( https://20somethingfinance.com/what-is-the-united-states-poverty-line/ ), meaning essential expenses for a household of two comes out to $16,240*1.5=$24,260. Half of households, not individuals, households, make less than $50,000 per year. At an effective tax rate of 15%, that leaves the average household with $50,000*.85=$42,250. After Federal taxes and essential expenses, it's safe to assume that nearly half of US households have $42,250-$24,260=$17,890 in discretionary income per year.
Now, let's take a look at the top 20%, earning at or above $100,000 per year. Effective tax rate is 25%, up until $153,100 ( https://www.efile.com/tax-service/tax-calculator/tax-brackets/ ). Essential income stays the same. Therefore, after taxes and buying the essentials, a household in just the top 20% has a discretionary income of >$100,000*.75-$24,260=$50,740, which is still more than gross income for half the country. And we're talking just the top 20%, not even the top 10% or 1%. Oh no, they pay more in taxes, yet even the poor of the upper class take home more in discretionary income than half the country's gross income. Boo freaking hoo.
And don't forget, of that 18 thou the best of the bottom half has to spend, a lot of it will be sucked up by other taxes. Not to mention the 40% of American people being too broke to pay ANY taxes at all. That's a staggering number! Embarrassing for a country that is constantly claiming to be the greatest in the world. And it becomes even more telling when you recognize that, although in Huckabee's fairy tale, (I'll call her by her Republican birth name, Huckabee, not her usurped Democrat name, Sanders), she says that after the 20-dollar beer tab break, the bottom 4 still pay the same, nothing, that's not true in reality. The tax cuts for the rich are going to be made possible by the axing of social programs that the bottom 4 depend on for survival. So, while she's warning of the danger of #1 leaving for greener pastures because he doesn't like paying his fair share of beer tab, (boo freakin' hoo), the REAL danger is the bottom 4 people not showing up at the bar because they can't even EAT! I.E. THEY'RE DEAD! But they wouldn't be missed much. More beer for the top six, right? Population control at its best!
And what about that upper 10 or 1% somewhere after the 153,000 a year income mark? Do they REALLY pay that much in taxes? Does Donald Trump himself even PAY taxes? In the stupid analogy, the top guy most likely represents the top 1% and is said to pay 59% of the bill. Does the top 1% of America pay 59% of the taxes? That is by FAR the most laughable part of this analogy! Here's a little sample of what I'm talking about from the website of a guy who better suits the Sanders name, Bernie Sanders:
And this is a tiny part of the tip of the iceberg. There are trillions of untaxed dollars legally stashed away every year by the super rich and all kinds of holes in the tax code that allow the rich to pay nothing. In fact, some are taking advantage of tax breaks to actually come out AHEAD at tax time. The proposed plan by Trump, (what the hell would you expect from this guy???), is nothing more than corporate welfare. Extra money for those who need it least.
So here's more accurately how the analogy should go: The richest of the group, #1, would say, (so all the bar would hear), "Relax, fellas, I'll pay," then get his lawyers to convince the owners of the bar that he shouldn't pay. Probably by showing his bank account at zero, (but not showing his tax free, Cayman Islands bank account), and saying how his large company will benefit the other nine in the long run even though the bottom four are at the bottom because they were just "downsized" by his company and their jobs were outsourced to India. But, since somebody has to pay, the middle five would split the bill even though they're really the only ones who ever pay for the beer when these 10 guys drink. And let's be honest, the top guy of THAT five would probably have a tax loophole or two, so in the analogy, he'd go to the bathroom when the check comes and let the other four divide the bill. Most of the other patrons at the bar believe the number 1 guy always buys the drinks. A few of the patrons, who are partial to a conspiracy theory, reckon it's the number 2 guy who pays. Occasionally the other patrons get into heated debates about it too. But nobody really knows the truth.
Another massive problem with this silly parable is that in the analogy, every person is one person. But if you divide the U.S. into appropriate tax or income brackets to suit the analogy, the lower you go, the larger the number of people there are sharing the tax cuts. Again, this benefits the guy at the top, or in real life, the top 1%.
This is the kind of speech that keeps you from being fired from the Trump administration. Is she really that stupid? Or is she just pandering to the politically illiterate and/or sleeping voters who Trump depends on? Either way she has made herself look like a jackass's ass's ass. Yes that's right, if asses had asses, she would be the ass of the ass of a jackass. And if you give any credence to this baloney, I have two words for you: HEE HAW!
Here's a better description of the plan. Also from the website of Bernie Sanders. http://fortune.com/2017/11/03/trump-gop-tax-plan-cuts-2017/
I hope this is yet another attempt by Agent Orange to do something that will end up being shot down. Don't be fooled by lies and stupid drinking stories. Don't sleep while this rubbish gets passed. Wake up! It's just the latest fart trumpeted from the Whitehouse's most flatulent resident ever.
No comments:
Post a Comment