today’s KisP alternative fun facts ( with some omissions )

or Today’s Big Bag of Other Peoples’ Money to the Head Award

Fact:
said hypothetical single mom making minimum wage with 2 children would be extremely likely to be receiving food stamps, housing, healthcare, WIC, free school breakfast and lunch etc etc ( most child support is not taxable if she’s getting any. ) Likely not. And she is likely not paying ANY taxes in the first place. Also, the value of these benefits that are paid for by taxpayers vary from state-state but seems to average about $30000. [ scanning a few pieces on this we found this to be close enough ]

A family member of mine receiving all these benefits and more in the state of California, a single mom who doesn’t work at all with one child, is actually proud of the fact that she gets a “tax refund” each year somewhere about $1000.

Finish your assignment! »

FACT: A single mother making minimum wage with two kids would probably have been sexually assaulted by a democrat/feminist.

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Meanwhile, a “socialist” senator making $200k has 3 houses.

10 Comments!

  1. DougM and his raccoon platoon
    Posted November 29, 2017 at 5:35 pm |

    Bah, Bernie’s no socialist, he’s a Peter-Paulist.
    You know, if you promise to rob Peter to pay Paul, you can count on Paul’s vote.

    One may safely dismiss the seriousness of anyone who gripes that tax cuts go to tax payers.
    (What? Yeah, or a pseudo-socialist with three houses, as the lady points out.)

    Man, one would have to be in college to fall for this nonsense.

  2. drew458
    Posted November 29, 2017 at 8:40 pm |

    Good thing none of these people can run the numbers or understand what they mean if they could.

    A $75 tax cut on a $15080/yr min wage full time job is a tax break of just under half a percent. 0.00497.

    A $4000 tax cut on a $500K/yr job is a tax break of 8/10 of 1%, 0.008.

    The person who makes $500K earns more than 33 times the minimum wage earner, yet gets a tax break only 62% bigger.

    If the min wage job got the same “rich” tax cut, the difference would be less than $46 per YEAR; just 88 cents per week. Not even a pack of gum.

    Even if the single mom had no other deductible expenses, her standard deduction of $6,350, and a cut of $1000 each for herself and 2 kids adds up to $9,350 credit off her $15080 gross for a bottom line of $5,730, on which she’d pay 10%, or $537, minus the $75 credit, for a tax bill of $462, a hair over 3% of her gross. With that bottom line, odds are good that she wouldn’t be paying any state taxes anywhere, and of course would qualify for child care credits etc, and probably SNAP or WIC or some other financial support.

    If the $500K earner has the same minimal deductions, gets the same $9350 total credit, this makes a taxable net of $490,650, which falls in the 39.6% tax bracket, yielding a tax of $194,297.40. Minus the $4,000 gives a tax bill of $190,297.40, a bit over 38% of her gross, nearly 13 times higher than Miss Minimum.

    So who’s getting screwed here?

  3. dick, not quite dead white guy
    Posted November 29, 2017 at 9:23 pm |

    ^ So who’s getting screwed here?
    We are. This whole bill isn’t a tax cut, but just cost shifting; they openly talked of “paying for it” and keeping the revenue stream from the income tax constant. At the same time, there isn’t a single word about staff reductions, program or agency abolition, and they’re talking about the national debt going up another $1.5 to $2 trillion without a dime being paid on the principal of that debt.
    It’s all the same-old-same-old bullshit. Any Republican who votes for this and claims to be a “Conservative” is a fucking liar.
    Mitch McConnell has to go.

  4. Lord of the Fleas
    Posted November 29, 2017 at 9:32 pm |

    A family member of mine receiving all these benefits and more in the state of California, a single mom who doesn’t work at all with one child, is actually proud of the fact that she gets a “tax refund” each year somewhere about $1000.

    There’s a whole lotta people out there who really really don’t want things to ever actually become “fair”…

  5. TN VOLUNTEER
    Posted November 30, 2017 at 3:17 am |

    ….Not to mention the “Earned Income Tax Credit” that she will receive in the amount of $5275.00, thanks to taxpayers like me!

  6. Posted November 30, 2017 at 4:15 am |

    You know, the more that I hang out here with you people the more I start to believe that the federal government really ISN’T there to help me!

    :P

  7. OldFert
    Posted November 30, 2017 at 6:55 am |

    @Dick (3^)
    Right now I’d settle for half a loaf. We can go for more after we vote to re-form the R vs D ratio in 2018. I’ve too often seen the perfect be the enemy of the good, and therefore NOTHING gets done.

  8. TN VOLUNTEER
    Posted November 30, 2017 at 7:58 am |

    ….Never underestimate the survival instinct of the ingrained politician…The cesspool we call DC is filled with them!

  9. Claire: rebellious pink pig with car keys - and a *cause*
    Posted November 30, 2017 at 8:30 am |

    This approach ain’t gonna work: bringing Facts to a Feel-Fight…

  10. dick, not quite dead white guy
    Posted November 30, 2017 at 10:39 am |

    ^Old Fert (7) The only half a loaf I see in this monstrosity of bullshit is the cut in the corporate tax rate. Let’s hope it’s big enough to bring some businesses back from overseas.