Cindy Milina was spot on in her response to the blather of L. David Bond (“Commentator was wrong on Trump tax cuts,” The Daily News, March 6).

As a paid tax preparer for over 30 years, I observed our Congress repeatedly tweaking the tax code in order to redistribute collected taxes from wage earners to the working poor by such devices as the earned income credit and the child tax credit, which initially were to reduce tax liability to zero, but later were changed to provide cash rebates to those who would otherwise owe no taxes.

In October 2018, the IRS released its analysis of 2016 tax returns. It found that the top 5 percent of taxpayers, those having adjusted gross income of $197,651 or more, paid 58.23 percent of all taxes collected. The bottom 50 percent paid only 3.04 percent of all taxes collected.

It's hard to cut taxes for those who pay no taxes. The Trump tax cuts were a benefit to the broad middle-class of American wage earners.

Sidney Young

Texas City

Locations

(25) comments

Emile Pope

Totally misleading. First, the writer only talks about the total percentage of taxes paid by the richest, not about the percentage of their income they pay in taxes. That's because that amount is little or nothing because of tax loopholes and deductions that the middle class aren't allowed to claim. Second, the middle class pays a lot in taxes. And they pay a higher percentage of their income in taxes than the rich or the poor. Yet the writer implies that because the lower wage earners pay little or no tax that this rob from the middle class to help the rich so called tax cut somehow helped the middle class. And the tax cuts to the wealthy were made permanent by making the so called middle class tax cuts temporary. The writer's last sentence is not supported by anything he wrote...

Carlos Ponce

Emile provides a lot of Left wing rhetoric with no supporting data. The tax preparer back his statement with data which can be authenticated. Easy to see who is trolling and who knows the topic.

Emile Pope

"As God is my witness, I thought turkeys could fly." Arthur Carlson

Carlos Ponce

Wild turkeys can fly. Domestic turkeys - not so much.

Jim Forsythe

If you have never seen the Thanksgiving episode this is the link.
WKRP "As God as my witness, I thought turkeys could fly" Thanksgiving
q=less+nessiban+i+thought+turkeys+could+fly&view=detail&mid=7B101F0285B63D56417F7B101F0285B63D56417F&FORM=VIRE

Nothing is more impressive than a flock of over 100 going into roast.

Randy Chapman

Emile is obviously a city boy.

Jim Forsythe

He was quoting Arthur Carlson from WKRP.

George Croix

Seems perfectly appropriate to quote a pretend figure to make a pretend point.....

Jim Forsythe

The reason the top 5% of taxpayers payed as much as they did, is because they made more money. The average net worth of the top 5%, was $2,377,985 in 2016.

The Median individual income (50% made less and 50% made more) was $39,393 (2016 numbers) and only $5,393 is taxable per the new Trump rate. They would have paid $1,539 in taxes.
If someone made $24,100, they paid $10.
Of the $197,651 amount that the top 5% made, $177,652 was taxable and they paid $30,255 in taxes. .
The numbers are using Married with a $24,000 standard deduction. Some may have more deductions than just the standard amount.
I used the 2016 numbers for the amount made by each group, and used the new tax rate for 2018.


Jarvis Buckley

It's up to each reader to determine the merits of the above article.
You can read the comments of a never Trumper
Or you can read the comments of a very articulate conservative that backs his comments up with facts.
I believe it's an easy choice for reasonable minded folks.

Gary Miller

Jarvis, Proven and believable articulate conservative.

Gary Miller

When trying to compare the merits of the tax reform for upper and middle income earners it should be understood creating economic growth was an important part of it. Not just reducing some tax burdens but increasing hiring of the unemployed. That part of the tax change was very sucessful. More people are working and paying taxes. Their taxes increased but they don't complain. Even more important is their jobs are full time instead of half time as they were under Obama policy. 5.7 million full time Trump jobs are equal to 11.4 million half time Obama jobs.

Emile Pope

More jobs created under President Obama. donald had the benefit of taking over when the economy was booming. President Obama took over when the country was in the depths of a recession...

Emile Pope

And how's the deficit coming along? The Trade deficit? The stock market? Healthcare? Mexico paid for the wall yet? North Korea gave up the nukes? But he did follow up on giving himself and his rich friends permanent tax cuts...

Carlos Ponce

Everything is good, Emile. The National debt needs looking after but the proposed Democrat measures by themselves will increase that to the tune of over $10,000,000,000,000 (10 trillion). But Democrats aren't worried. They'll just increase your taxes. There's bad and then there's WORSE.
Everybody got a tax cut. The corporate tax cuts got the permanent nomenclature but the rest were blocked by Democrats who look at increased tax revenue with lust. Notice NO Democrat voted for your tax cut. So why are you whining?
Final count Roll Call 653
For tax cuts 222 House Republicans, 0 Democrats
Against tax cuts, 7 House Republicans and 185 House Democrats
10 Republicans and 9 Democrats did not vote

Emile Pope

"The corporate tax cuts got the permanent nomenclature but the rest were blocked by Democrats who look at increased tax revenue with lust." The Democrats didn't block anything. The repubs made the middle class cuts temporary so that they could make the rich tax cuts permanent and not go over the cost limit. The Democrats didn't have the votes to do anything to the bill...

Carlos Ponce

False, Emile. The Middle Class Tax Cuts were temporary (until 2025) because it was less than what they wanted. If the Conservatives had kept the House you would have seen a continuance of Middle Class Tax Cuts that would have been made "permanent". That was a talking point during the 2018 Midterms to vote for the Republican candidates. Instead we got the tax and spend House Democrats in power.

Emile Pope

If it was less than they wanted, then why did they vote for it? They had the votes to do anything they wanted because the dems couldn't stop them. And why did they make the rich tax cuts permanent? And exactly why did they decide to wait to make the middle class tax cuts permanent? Look up the Byrd rule. The repubs had to make the middle class tax cuts temporary to allow them to make the others forever. The Byrd rule...

Carlos Ponce

Emile, look at the increase productivity, the increase in take home wages the decrease in unemployment. They didn't get everything they wanted. Such is the nature of politics.

Emile Pope

Seen the jobs report for last month? Apparently the stock market has...

Carlos Ponce

Jobs increased but not at the previous rate. They've run out of workers.[beam]

Jarvis Buckley

Emile you are relentless.

George Croix

Today I learned that making money is bad.
But taking it from others is good.
Julia would be proud.......

She could pay 3 bucks for a gallon of milk, while I paid 20 bucks for the same gallon of milk, and George Soros could [pay a million bucks for the same gallon of milk, and all would be well in 'Progressive' land.........
Can't fix that....
Get your tickets now to Venezuela.....won't even have to travel...it will come here.......

Randy Chapman

What needs to be stopped is the EITC that pays folks to have kids they can't afford, and rewards them with taxes taken from me and others that actually pay federal taxes.

George Croix

I have one biological child, and a few hundred dependents by virtue of a 'progressive' income tax and a system that too often rewards lack of effort....
I hope they appreciate those decades of shift work on their behalf.....

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