Watching the White House briefing on the news atm and seeing all this good news about tax cuts. Tell me, how much wealthier do you all feel, be honest.
Nothing coming from the WH should be trusted, you are wasting your time.
RiddleMeThis42069 on
This sub is so dumb
Kind-Masterpiece-310 on
Y’all need some plasma?
jimtow28 on
Everything costs more than it used to.
Last year, I made more money than I ever have before. I also paid a higher overall tax rate. Even so, my “take home” after all other expenses was less than it had been for the last 10 or so years.
I am by no means wealthy. I am, theoretically, the demographic the “tax cuts” were supposed to help. I didn’t see it.
At the state level, the rates were basically the same. The difference came in my federal taxes.
More evidence that everything coming from this administration is pure crap.
TradingAllIn on
Feel like if I fart I will blow smoke rings, because the only thing politicians do is pump smoke up yo butt.
ro50 on
What’s the point? Everyone knows he is lying.
BathingInSoup on
Anyone who isn’t currently employed and worth ~$2mm in liquid assets would probably say they feel like they’re hanging on by their fingernails and any tax cuts that Von Shitzhizpantz says are coming our way are the equivalent of a fart in a wind storm; i.e., utterly inconsequential.
clejeune on
I use an app to track my usual purchases. Not bills (they’re tracked in another app) but like groceries and gas and daily living sort of things. Over the past year I’ve made the same amount of money as I have previously. But all my costs have gone up and I have less leftover money than ever before. I also just did my taxes and didn’t get as good of a return as I did the previous year even though my income didn’t change.
jh937hfiu3hrhv9 on
Wealth is not a feeling. If you are feeling wealthy you are suffering from the Wealth Effect. That is what they are trying to convince everyone to feel so they keep spending.
Available-Medium7094 on
Married filing jointly, did not see a tax cut vs last year. Paid just a bit more. Middle class low 6 figure income.
ColorMonochrome on
Sure, right after you tell us how you feel about all the fraud being paid for with our tax money.
discgman on
This is the part of capitalism where we work to survive and consume. Everything costs money and goes up via dynamic pricing whenever the corporation feels like we can afford it. If you are not in the Upper middleclass you are in debt.
punycat on
I like being frugal and saving money at lower risk, so I pretty much always feel okay financially. If you’re invested in the stock market it’s probably impossible to lose in the long run. The Fed will likely print to reverse any major downturn, making those who aren’t invested pay the price.
cheddarben on
No idea if true, but I listened to something saying the average family refund increase vs last year was $350.
Inflation last month was 3.3. Jobs over the past year are stagnant. The debt and deficit is going up.
The big beautiful bill mostly benefits those that are making the most and any benefit I personally see (which is not much) has been eaten by the above and paid for with government credit card spending.
At least we got war to look forward to!
investingtruth on
consumer sentiment is literally at an all time low, below The Great Recession and peak Covid Fear levels of March of 2020 lol
Current_Animator7546 on
Most of us aren’t seeing any of that money lol. There is some small bump for those on tips. The real winners are the wealth with lots of assets.
notie547 on
The problem with the tax cuts even if they are real is that, the majority of the dollar value of tax cuts is going to corporations and the wealthy. So yes the little guy gets a little bit but the big guys get the most.
secondly, they are and have been slashing benefits (and other public services) for the little guy at the same time. And then you have inflation on top of all that. So who is winning here? its not the little guy, theyre still getting fucked worse than before while corporate profit margins are through the roof.
Survive1014 on
My taxes went up $3,800. Same underlying tax info year over year. The “tax cuts” are a absolute fucking lie.
Prime_Marci on
lol who watches White House briefs anymore? lol
Ok-Satisfaction-1612 on
[ Removed by Reddit ]
t0rnAsundr on
Tax cuts without spending cuts are irresponsible. With that said, all taxation is theft.
Key_Brief_8138 on
Cutting taxes when you have a $40 trillion deficit is fiscal irresponsibility at its worst.
lilbittygoddamnman on
I need to figure out how I can take advantage of this private jet deduction.
furnace9monkey on
The debt we are leaving to our kids and grandkids is really disgusting
sloowshooter on
Tax cuts from the current administration boils down to “We’re raising your stagnant wages to a higher level of stagnant.”
j____b____ on
This is the first year we’ve had to pay in a while AND we’re still waiting on last year’s refunds because they are too short staffed.
325_WII4M on
I got about $200 more back for the 2025 tax year, and it doesn’t even matter. The jump in gas prices alone eats that up, I’m paying an extra $40 a month just to get to work.
I’m not a rich duck here; I’m basically a pauper on the economic scale, so having that extra $200 felt good for about a minute.
And that’s before you even touch groceries, property taxes, $1200. price increase for diabetic arm sensors or the latest round of utility hikes. The math just doesn’t pencil out anymore.
AU_RocketMan on
0%. 1% pay raise, 3% inflation. Just off that, I am net negative compared to last year.
-TheInternetIsEvil- on
Trump and his ilk are dirty fuckin’ liars. On principle, don’t trust a goddamn word they say. With trump specifically, if he says he is going to do something good, he’s lying. If he says he is going to do something bad, he’s telling the truth. I have spent more per month on everything this year from groceries to gas, all because of this administration
Hot_Function6127 on
Slight-Platypus2877 on
Nobody feels wealthier because they all spend their money on sh!t. Welcome to the golden age of consumerism.
htmaxpower on
Hand waving to distract from the global pedophilic disaster in Washington. It’s literally NOTHING.
gent4you on
Taffifs cost us way more than any of these political tax cuts!!
the_G00D_burgerr on
2 years ago my weekly grocery bill was about 70$, today it’s averaging around 130$ my diet hasn’t changed. It’s absolutely worse today than it was before trump came back into office. I’m currently making more money on paper but all my expenses have increased. I hate every single person that voted for this idiocracy.
netherfountain on
Most of the tax breaks went to corporations who took those savings and invested in AI and robots so that they could fire as many workers as possible.
Cute-University5283 on
I suppose if you consider the government printing money or borrowing at unsustainable interest rates to be “good news” then you should start celebrating
Chimp75 on
Buying power declined faster with this administration. Theres no tax cut as life is extremely expensive. The reduction of the buying power of Dollar compounded. It’s all a lie if anyone says otherwise. My wages increased and I’m poorer. I have almost no debt too.
AyeMatey on
I totally believe it. THIS TIME IT’s DIFFERENT. BIDEN ISNT HOLDING Trump BACK ANYMORE.
jedi21knight on
We got tax cuts?
insuranceguynyc on
What tax cuts?
Foolgazi on
Your first mistake was watching a White House press briefing.
dude67344 on
The no tax on overtime is 100 percent bullshit. At the maximum, you can deduct one third of your overtime. The no tax on tips is even worse, for someone who actually makes decent tips.
LegoRedBrick on
No change.
Expert-Ad-8067 on
As far as I can tell, my taxes didn’t change
Had to pay more at filing because we had the windows replaced last year and got credit for it. Didn’t replace any windows this year, but we also wouldn’t have gotten that credit if we’d held off until this year
SithLordJediMaster on
Replace all taxes with a Land Value Tax.
indomike14 on
I’m in commercial real estate in Houston, Texas and the last 2 and 1/2 years have been fairly slow. Things picked up very briefly in January and February with optimism that the economy was going to boom under Trump, but then tariffs put everything into a tailspin and now the war in Iran has made things even worse. In addition to the mass deportations of immigrants, construction companies are having a harder time finding workers which means they have to pay people more and in turn create costlier products
I know that inflation was really high under Biden, but at least there was an uncontrollable excuse. With covid, Russia invading, and Trump’s OPEC deal. All of the recent economic uncertainty lies solely on the shoulders of trump and his decisions. Overall, I don’t feel like I’m winning and neither does my bank account
spikey_wombat on
>good news about tax cuts
What’s the debt again?
We’re heading into a Greek style debt crisis, just so much worse.
Kilow102938 on
I have a better chance trusting a fart after drinking shitty beer and eating taco bell
byndrsn on
old people and we paid more tax this year despite getting the SS break
50 Comments
LOL
Nothing coming from the WH should be trusted, you are wasting your time.
This sub is so dumb
Y’all need some plasma?
Everything costs more than it used to.
Last year, I made more money than I ever have before. I also paid a higher overall tax rate. Even so, my “take home” after all other expenses was less than it had been for the last 10 or so years.
I am by no means wealthy. I am, theoretically, the demographic the “tax cuts” were supposed to help. I didn’t see it.
At the state level, the rates were basically the same. The difference came in my federal taxes.
More evidence that everything coming from this administration is pure crap.
Feel like if I fart I will blow smoke rings, because the only thing politicians do is pump smoke up yo butt.
What’s the point? Everyone knows he is lying.
Anyone who isn’t currently employed and worth ~$2mm in liquid assets would probably say they feel like they’re hanging on by their fingernails and any tax cuts that Von Shitzhizpantz says are coming our way are the equivalent of a fart in a wind storm; i.e., utterly inconsequential.
I use an app to track my usual purchases. Not bills (they’re tracked in another app) but like groceries and gas and daily living sort of things. Over the past year I’ve made the same amount of money as I have previously. But all my costs have gone up and I have less leftover money than ever before. I also just did my taxes and didn’t get as good of a return as I did the previous year even though my income didn’t change.
Wealth is not a feeling. If you are feeling wealthy you are suffering from the Wealth Effect. That is what they are trying to convince everyone to feel so they keep spending.
Married filing jointly, did not see a tax cut vs last year. Paid just a bit more. Middle class low 6 figure income.
Sure, right after you tell us how you feel about all the fraud being paid for with our tax money.
This is the part of capitalism where we work to survive and consume. Everything costs money and goes up via dynamic pricing whenever the corporation feels like we can afford it. If you are not in the Upper middleclass you are in debt.
I like being frugal and saving money at lower risk, so I pretty much always feel okay financially. If you’re invested in the stock market it’s probably impossible to lose in the long run. The Fed will likely print to reverse any major downturn, making those who aren’t invested pay the price.
No idea if true, but I listened to something saying the average family refund increase vs last year was $350.
Inflation last month was 3.3. Jobs over the past year are stagnant. The debt and deficit is going up.
The big beautiful bill mostly benefits those that are making the most and any benefit I personally see (which is not much) has been eaten by the above and paid for with government credit card spending.
At least we got war to look forward to!
consumer sentiment is literally at an all time low, below The Great Recession and peak Covid Fear levels of March of 2020 lol
Most of us aren’t seeing any of that money lol. There is some small bump for those on tips. The real winners are the wealth with lots of assets.
The problem with the tax cuts even if they are real is that, the majority of the dollar value of tax cuts is going to corporations and the wealthy. So yes the little guy gets a little bit but the big guys get the most.
secondly, they are and have been slashing benefits (and other public services) for the little guy at the same time. And then you have inflation on top of all that. So who is winning here? its not the little guy, theyre still getting fucked worse than before while corporate profit margins are through the roof.
My taxes went up $3,800. Same underlying tax info year over year. The “tax cuts” are a absolute fucking lie.
lol who watches White House briefs anymore? lol
[ Removed by Reddit ]
Tax cuts without spending cuts are irresponsible. With that said, all taxation is theft.
Cutting taxes when you have a $40 trillion deficit is fiscal irresponsibility at its worst.
I need to figure out how I can take advantage of this private jet deduction.
The debt we are leaving to our kids and grandkids is really disgusting
Tax cuts from the current administration boils down to “We’re raising your stagnant wages to a higher level of stagnant.”
This is the first year we’ve had to pay in a while AND we’re still waiting on last year’s refunds because they are too short staffed.
I got about $200 more back for the 2025 tax year, and it doesn’t even matter. The jump in gas prices alone eats that up, I’m paying an extra $40 a month just to get to work.
I’m not a rich duck here; I’m basically a pauper on the economic scale, so having that extra $200 felt good for about a minute.
And that’s before you even touch groceries, property taxes, $1200. price increase for diabetic arm sensors or the latest round of utility hikes. The math just doesn’t pencil out anymore.
0%. 1% pay raise, 3% inflation. Just off that, I am net negative compared to last year.
Trump and his ilk are dirty fuckin’ liars. On principle, don’t trust a goddamn word they say. With trump specifically, if he says he is going to do something good, he’s lying. If he says he is going to do something bad, he’s telling the truth. I have spent more per month on everything this year from groceries to gas, all because of this administration
Nobody feels wealthier because they all spend their money on sh!t. Welcome to the golden age of consumerism.
Hand waving to distract from the global pedophilic disaster in Washington. It’s literally NOTHING.
Taffifs cost us way more than any of these political tax cuts!!
2 years ago my weekly grocery bill was about 70$, today it’s averaging around 130$ my diet hasn’t changed. It’s absolutely worse today than it was before trump came back into office. I’m currently making more money on paper but all my expenses have increased. I hate every single person that voted for this idiocracy.
Most of the tax breaks went to corporations who took those savings and invested in AI and robots so that they could fire as many workers as possible.
I suppose if you consider the government printing money or borrowing at unsustainable interest rates to be “good news” then you should start celebrating
Buying power declined faster with this administration. Theres no tax cut as life is extremely expensive. The reduction of the buying power of Dollar compounded. It’s all a lie if anyone says otherwise. My wages increased and I’m poorer. I have almost no debt too.
I totally believe it. THIS TIME IT’s DIFFERENT. BIDEN ISNT HOLDING Trump BACK ANYMORE.
We got tax cuts?
What tax cuts?
Your first mistake was watching a White House press briefing.
The no tax on overtime is 100 percent bullshit. At the maximum, you can deduct one third of your overtime. The no tax on tips is even worse, for someone who actually makes decent tips.
No change.
As far as I can tell, my taxes didn’t change
Had to pay more at filing because we had the windows replaced last year and got credit for it. Didn’t replace any windows this year, but we also wouldn’t have gotten that credit if we’d held off until this year
Replace all taxes with a Land Value Tax.
I’m in commercial real estate in Houston, Texas and the last 2 and 1/2 years have been fairly slow. Things picked up very briefly in January and February with optimism that the economy was going to boom under Trump, but then tariffs put everything into a tailspin and now the war in Iran has made things even worse. In addition to the mass deportations of immigrants, construction companies are having a harder time finding workers which means they have to pay people more and in turn create costlier products
I know that inflation was really high under Biden, but at least there was an uncontrollable excuse. With covid, Russia invading, and Trump’s OPEC deal. All of the recent economic uncertainty lies solely on the shoulders of trump and his decisions. Overall, I don’t feel like I’m winning and neither does my bank account
>good news about tax cuts
What’s the debt again?
We’re heading into a Greek style debt crisis, just so much worse.
I have a better chance trusting a fart after drinking shitty beer and eating taco bell
old people and we paid more tax this year despite getting the SS break