mat200
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- Jan 17, 2017
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US Elections (& Politics) :)
- Thread starter sdkid
- Start date
bigredfish
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bigredfish
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bigredfish
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bigredfish
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bigredfish
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Trump is weighing a capital gains tax cut before the midterms. Here's who actually gets the money.
In 2023, taxpayers making over $1 million reported an average of about $799,400 in capital gains — roughly a quarter of their income. Taxpayers making under $100,000 reported an average of $290. That's 1% of their income. Two numbers, whole story.
The top 1% pull 63% of their income from investments. The bottom 80% get two-thirds of theirs from actual work. So cutting the tax on gains is a raise for one group and a rounding error for everyone else.
And gains are already the softest-taxed money in America: 20% top rate (23.8% with the surtax) versus 37% on wages — and one study puts the effective rate closer to 5%, because you only pay when you choose to sell, and the very rich simply don't have to.
No major capital gains cut since 2003. Twenty-three years. Suddenly urgent in an election year, from a president with a real estate portfolio and a donor class that trades for a living.
In 2023, taxpayers making over $1 million reported an average of about $799,400 in capital gains — roughly a quarter of their income. Taxpayers making under $100,000 reported an average of $290. That's 1% of their income. Two numbers, whole story.
The top 1% pull 63% of their income from investments. The bottom 80% get two-thirds of theirs from actual work. So cutting the tax on gains is a raise for one group and a rounding error for everyone else.
And gains are already the softest-taxed money in America: 20% top rate (23.8% with the surtax) versus 37% on wages — and one study puts the effective rate closer to 5%, because you only pay when you choose to sell, and the very rich simply don't have to.
No major capital gains cut since 2003. Twenty-three years. Suddenly urgent in an election year, from a president with a real estate portfolio and a donor class that trades for a living.
bigredfish
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bigredfish
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Rut Ro
I feel sorry for the MAGtards.
Where will they get their propaganda to feel good if Fox starts telling the truth?
I feel sorry for the MAGtards.
Where will they get their propaganda to feel good if Fox starts telling the truth?
bigredfish
Known around here
Uh hu
This is exactly how these accounts spread propaganda: cherry-pick a half-truth, dress it up as a chart, and bury the rest.
That chart measures one narrow CPI subcategory, not what people actually pay. What they don't tell you: prescription drug spending is projected to rise 5.1% in 2026. Drugmakers already raised list prices on over 350 branded medications heading into this year, including COVID, RSV, and cancer treatments.
Trump isn't the first president to lower drug prices. He's the latest one to use a misleading chart to hide that prices are still climbing for most Americans.
TrumpRx itself got fact-checked by Congress: nearly half its listed drugs offer no real discount beyond coupons you could already get, and it only works if you pay cash, meaning it doesn't help anyone using insurance.
That's not a fact. That's propaganda.
Drugmakers raise US prices on 350 medicines despite pressure from Trump
This is exactly how these accounts spread propaganda: cherry-pick a half-truth, dress it up as a chart, and bury the rest.
That chart measures one narrow CPI subcategory, not what people actually pay. What they don't tell you: prescription drug spending is projected to rise 5.1% in 2026. Drugmakers already raised list prices on over 350 branded medications heading into this year, including COVID, RSV, and cancer treatments.
Trump isn't the first president to lower drug prices. He's the latest one to use a misleading chart to hide that prices are still climbing for most Americans.
TrumpRx itself got fact-checked by Congress: nearly half its listed drugs offer no real discount beyond coupons you could already get, and it only works if you pay cash, meaning it doesn't help anyone using insurance.
That's not a fact. That's propaganda.
Drugmakers raise US prices on 350 medicines despite pressure from Trump
bigredfish
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Oceanslider
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Oceanslider
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bigredfish
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bigredfish
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bigredfish
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bigredfish
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bigredfish
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bigredfish
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JUST IN!
The avg. IQ of the Trump Cult has dropped 13 points since January to a new all time low of 47….
The avg. IQ of the Trump Cult has dropped 13 points since January to a new all time low of 47….
