Australia's largest stock trading and investment forum Australia's #1 stock forum

LOL the more you earn the bigger the tax cut, I mean like those...

First 43147 Last

Share
Profile

Follow
Justis

63,356 Posts.

731

23/05/25

10:17

Post #: 79159534
Share

Originally posted by Fishinnick: ↑

Don't you worry your little mind about US medicare, theres plans for that down the track but one has to sort the economic fundamentals out first.

Your breakdown of tax numbers are not accurate.

17k - 51k earners get 1.5% - 2.4% cut
51k to 80k earners get 2.4% cut but get more if they have children
80k - 460k earners get 4.3% cut
Top earners average a 4.4% cut.

No tax on tips, no tax on overtime for poorer people and hard workers that do a lot of overtime, like Police, Firemen,
Did you forget those?
The poorest earn tips, now zero tax, thats on top of the tax cuts.

Child tax credit also increases.

Standard deduction made permanent, doubled from 2017 levels with a temporary increase of 1k to 16k, benefits low earners that don't itemize.

Letting people keep more of the money they earn is a good thing for people, it's not bad!
The more money the Gov takes off us the less we have, rich or poor!

Expand

LOL the more you earn the bigger the tax cut, I mean like those that earn more really need more help than those on lower incomes.

Of course it's those on low incomes that will me hit the hardest when cost increases due to the tariff so any tax cut
Upvote

Reply

Top Stories

MEG

Iberian expansion: Megado turns to Europe with Spanish copper mines

Gold, Brent Crude spike as Israel strikes Iran in worst-case scenario

ASX

ASX Ltd notches upward on sale of company meant to fix CHESS 3 years ago

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

Zip's stunning comeback: Is this the start of a $14 revival?

AVM

'Sure to be busy': Advance's Yuquivo drilling gets off to top start with first-hole hits

CUV

Clinuvel shares dip, even as CEO comes back from temp leave

Week 24 Wrap: WW3 looms (again); US econ data tepid & silver surfing

HotCopper Highlights, Week 24: Israel boosts Energy; Meeka eyes production & Mag7 back

RML

Resolution's dual-listing to 'expedite growth' – and sets stage for NASDAQ foray

First 43147 Last