Friday, October 13, 2017

Rand Paul thinks $300,000 a year is Middle-Class?

Rand Paul sells the Trump tax plan

Yesterday Senator Rand Paul told Fox News that a middle income is between $75,000 to $300,000 a year. But new wage data from the Social Security Administration (SSA) contradicts that claim. The SSA reports that 50% of wage earners had a net compensation LESS-than or EQUAL-to the MEDIAN WAGE of $30,558 a year. (So obviously the other 50% of wage earners had net compensation MORE-than or EQUAL-to the MEDIAN WAGE.)

Rand Paul says (video further below) that Trump's new tax plan is going to lower the very top tax rate for hourly wages and salaries from 39% to 35%. First of all, that top rate is currently 39.6% — so the GOP (with the proposed tax plan) will lower the top rate 4.6% for [single] people earning $418,400 or more a year.

Tax brackets currently as is for 2017

Tax brackets under Trump's tax plan for 2018
Income Tax Rate (single) Tax on Capital Gains Income Tax Rate (single) Tax on Capital Gains
$0 to $9,325 10% 0% $0 to $25,000 0% 0%
$9,325 to $37,950 15% 0% $25,001 to $50,000 10% 0%
$37,950 to $91,900 25% 15% $50,001 to $150,000 20% 15%
$91,900 to $191,650 28% 15% $151,000 and up 25% 20%
$191,650 to $416,700 33% 15% - - -
$416,700 to $418,400 35% 15% - - -
Over $418,400 39.6% 20% - - -

Rand Paul also said the plan would expand the standard deduction "for those who are poor" (even though EVERYBODY gets a standard deduction) from $6,350 to $12,000 — but the plan will also eliminate the $4,050 personal exemption that everyone currently gets . . . and eliminates deductions for State tax that some people pay on their wages (some people also pay city and county income taxes as well.)

Rand Paul said he was concerned about taxes going up for those "in the middle" who are currently taxed at 25% on annual income ranging from $37,950 to $91,000 a year (FYI: The REAL middle would be the "median wage", which was $30,557 a year for last year in 2016). But Rand Paul may not need to worry about that according to tax brackets in Trump's plan (posted on his website), because people in the 25% bracket are cut down to the 10% and 20% tax brackets.

Rand Paul says he and Trump both agree, that they don't want to raise taxes on the "middle-class" (without saying what tax brackets of annual income they consider to be middle-class).

Rand Paul says people who make between $75,000 a year [which is in the top 15.9%] up to $300,000 a year [which is in the top 0.9%], is what he calls:

"The middle and some upper-middle-class, who aren't extremely wealthy, but are doing pretty well."

Rand Paul worries that if you take always some big deductions [such as mortgage deductions? He didn't specify], and keep the rate at 25%, there's a chance they may pay more in taxes. Rand Paul, as a member of Congress, make s $174,000 a year (not counting a Senate allowance which is worth just as much). So basically, he's worried that HIS taxes might go up under Trump's tax plan.

The Fox News host (in Rand Paul's interview below) either doesn't have a clue as to what she's talking about, or is complicit in duping the American public to make sure the very wealthy ALSO get a huge tax cut.

THIS IS IMPORTANT: Part of the "middle" that Rand Paul refers to (up to $150,000 a year) will get a 5% tax cut (down from 25% to 20%); while some will stay at 25%. But it appears that Rand Paul is mostly worried about people making over $150,000 a year (the top 3.77%) whose tax rates could go down from 28%, 33% or 35% (down from 39.6% under Trump's plan. >>> Going from 39.6% to 25% is a cut of 14.6% - - - but many in the so-called "middle" will only get a cut of 5% (down from 25% to 20%).

* FYI: This post only refers to hourly wages and salaries for labor, not capital gains income from investments.

Tuesday, September 5, 2017

Trump Derangement Syndrome — TDS defined

One of the very first victims of TDS was the former presidential candidate Mitt Romney.

Mitt Romney has TDS

Trump Derangement Syndrome (TDS) is mental dysfunction causing President Donald Trump's detractors to have constant hateful thoughts and feelings. They always appear to be on the verge of becoming totally unhinged. To date, there is no known cure or treatment for this acute and irrational condition, other than death.

TDS is a psychological diagnosis used to explain the hysterical reaction and belligerent behavior of people directed towards anything related to President Donald Trump. The afflicted have no logical or moral arguments, only excessive emotional reactions — as well as aggressive physical displays (as witnessed in the violence exhibited by what the liberal media describes as "counter-protesters").

Symptoms of TDS can also include the condition of hysteria, anger and fear of Donald Trump as a result of a failure by the afflicted to avail themselves of alternative media sources (e.g. Fox News) to combat the misrepresentations and often outright lies of the so-called "mainstream media" (e.g. CNN and MSNBC).

Other symptoms of TDS may include the obsession to mock, slander, make fun of, and defame Trump at any moment possible (as seen constantly by late night comedians who appear to be directly competing with one another for the most Trump insults — and of course, by all the media pundits on the fake news cable channels).

A result of the 2016 presidential election, Hillary Clinton's media has been the biggest perpetrator of TDS by reporting almost non-stop 24/7 fake news about the U.S. president.

* One recent example of TDS: The alt-Left, the loony Left, the far-Left, the radical Left, the commie Left, the "moderate" (Third Way) Left, the #Clinton cult lefties, AntiFa, Black Lives Matter, Obama hold-outs and the Deep State are all slamming Trump on his DACA decision when it hasn't even been announced yet. Trump could have freed the slaves, but these people with TDS would still call him a racist.

Pictured below: A typical TDS patient.

A typical TDS patient.

Trump Derangement Syndrome (defined) TDS is a mental dysfunction that became an epidemic in the US after the 2016 election. There's no known cure.

Thursday, August 24, 2017

Why America needs Fox News, now more than ever

How Donald Trump and Bernie Sanders drove me away from MSNBC and CNN — and into the arms of Fox News.

Sunday, August 20, 2017

Translating Trumpenese for Trump

The one and only thing I could find in all of Trump's comments about Charlottesville Virginia (that could be misconstrued as controversial in any way) was when he had said:

Dallas Counter-Protesters: "Oink, oink, bang bang!"

Trump haters

This is the hate speech of anti-police "counter-protesters" in Texas that CNN and MSNBC will never mention, because they also hate cops and Trump.

Tuesday, August 15, 2017

NEW REPORT: DNC Docs were Leaked, not Hacked

There was no Russian hack. The leaked DNC documents last summer (posted on Wikileaks) came from inside leaks, not hacks. The leakers were motivated by disgust at the corruption of the Clinton Foundation -- and also because of the tilting of the primary election playing field against Bernie Sanders.

Monday, August 7, 2017

Jason Chaffetz blasts Trump's Deputy AG Rod Rosenstein

August 7, 2017 - On Fox News former House Oversight Committee Chairman Rep. Jason Chaffetz blasted Trump's Deputy AG Rod Rosenstein for saying he'd arrest leakers but not Clintons.

Sunday, July 16, 2017

The GOP's Repeal and Replace Act (Explained)

Under the GOP's "repeal and replace" healthcare bill, the CBO says about 22 million will "lose" healthcare insurance. But what is misunderstood (or is not properly explained) is:

Thursday, July 6, 2017

Ripped off by Cox Cable (as usual) for TV and Internet

Cox Communications

After hours of research I found (what I thought was) the lowest priced cable TV/internet package currently available to first-time customers in Las Vegas; it's called the BRONZE BUNDLE from Cox, and it comes with a landline phone (which I really didn't need).

Saturday, June 10, 2017

How to set up NON-Synced Gmail on Mobile and PC devices.

NOTE: Usually if you automatically set up your email account settings on both mobile phones and PCs, these days they usually configure them in IMAP to sync the account on multiple devices at the same time. For example . . .