Oh sure yeah, everyone gets a bit of a cut but I’m willing to bet that those who actually need it will only be able to hold onto about an extra $50-100 whereas those who don’t and are already stupidly rich will be holding on to millions.
From what I’ve heard, the main goal of it is to cut taxes for those who own companies and estates.
And as for the tax thing... well I’m laughing at it cuz I’m uk and our debt is nowhere near as bad and as much as it looks like it doubled under Obama, I’d be willing to take an educated guess that the things he wanted to do were shot down by Congress just a few times... (plus he [i]didn’t[/i] exactly take over from the best situation...)
and with trump wanting to build his wall and spend yet more on the military, that debt is gonna go way higher.
English
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Edited by Vox Mortuis: 12/21/2017 2:23:40 PMHere's the issue in saying that. I know you're not from here, so I'll explain. Those that "need it" already get most, if not all, of what they pay in, back with their tax refund. So if they only get to hold on to an extra $50-$100, chances are, with their refund, they aren't paying any, or at least much, in as is. Edit: also, as far as Obama getting shot down, if everything he did had been shot down our debt wouldn't have increased, or at least not nearly as drastically. I just wish more had been shot down, our health insurance market is as good as crashed as a result of the aca aka obamacare.
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Wait hang on, so in the US what is the minimum you have to be earning in order to be taxed? Or do you just get taxed regardless and you have to then file to get it paid back? In the U.K. the way it works is you have to be earning more than £10k a year to get taxed and even then it’s really not much. Like 5% or something...
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You get taxes taken out of your paycheck here, there's a form when you get hired at any business where you enter information such as dependents and such. This determines what percent of your check is taken out for taxes. At the start of a year your business sends you a W2 form that basically tells you how much you made for the year/how much was taken out for taxes/etc. You use that information along with other information about dependents and such to fill out tax return forms which you send into the government, those forms determine how much you get back based on yearly income and how much you paid in, then in a month or so, the government sends a check for the amount you get back. Most lower income families get almost all, if not all of it back based on their yearly income.
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Oh my god that’s ridiculously convoluted... The way it works in the uk is whenever you start a new job you go through all the forms and blah blah blah, say about dependents and such fairly similar initially to yours. But then we just get our taxes automatically deducted before it all goes into our accounts, if there’s a mistake and we’ve had too much taken then we can file to say there’s been too much taken or we can just leave it until HM Revenue figures out we’ve paid too much and then they send a cheque for that sum. We don’t have to figure out anything other than how to balance how much comes in and how much we can survive on until more comes. We don’t have to think about how much we need to pay as that’s a separate job done by someone else and they have it taken before we get paid. Much simpler.
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Indeed, I wish they would simplify our system.
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Simplify everything! I’ve heard the schooling situation is fairly complicated too... as is healthcare... Why does shit have to be so complicated? Money?
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Not sure if its that or that our government just has no idea of how to run things.
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Perhaps both? They’re greedy bastards and have no clue on how to actually run things properly! Sounds reasonable to me...