Huge New Tax Loophole

[KeithE]

[Haruo]

Hopefully, over the next five or six years, inflation will accelerate to the point where most of the middle class will be in the last two brackets, and those who aren't can be deported. Marx's prophecy about the withering away of the state can then be fulfilled, since at that level of inflation the amount of tax revenues generated by the Over-$1-million crowd will be so minuscule that the Congress won't even be able to pay the light bill for the Congressional Office Buildings.

[KeithE]

[Haruo]

Let's hope we're not unwitting prophets. And get out the vote.

[Sandy]

No surprises here. It's been a pretty well known fact for a long time that no "tax cut" program proposed by the Republicans will ever truly amount to a tax cut for anyone but the wealthy. That may be why this one hasn't picked up much in the way of political traction. No one except the top 1% is actually feeling any of the benefits. It's April, and there are a lot of people, including Trump supporters, standing around wondering why they're not seeing the tax break they expected.