How Trump or Harris tax plans might change your income

Of all the things that have changed since Reagan took office, it's nice to see that 'fiscal responsibilty' still means massive unfunded tax cuts for the people who need them the very least.

IMO, it should incorporate a logarithmic target at homelessness in the entire nation. Those in the top brackets have no right to obscene wealth while anyone is lying in a gutter or going hungry.

Now factor in the impact of tariff driven inflation on the poor and see if Trump's top numbers are still positive.

Trump has a plan?

Republicans making $35k a year: "but wHeRE is The iNcEnTiVE to bE sUcCeSsFuL????!!!"

MAGA voters be like: Red scary, ugh.

I assume this isn't including some of the other things in Trump's proposals like getting rid of tax credits for having a child.

Now imagine inflation and the weakening dollar under trumps plan

We need a tax that kicks in when anyone gets a total compensation that is some multiple of the poverty line and some other multiple of the lowest compensation given to anyone working for their company (including subsidiaries, contractors or part time work extrapolated to full time, and not including overtime). The amount should take into account both the lowest pay and the distribution curve of pay, so that the worse the pay inequality is the higher the tax goes.

Suddenly, the only way the executives can actually get the benefit of those bonuses and stocks is if they're raising wages across the board as well.

According to this, those making 100k (33.6% of Americans) will be getting less money. The 66.4% of Americans will be getting significantly more.

Via zippa

What a deceptively shitty chart. What the fuck am I looking at?

The ones that make 14 million or more would have AT LEAST $544,135 to waste on Trump propaganda (comes from 376,910 + 167,225)

Trump wants me to sell out my country for less than $50k?!? How is that money going to help me when living in the country becomes unbearable and my dollar is worth a fraction of what it does today?

EDIT: The problem is the suburban $139k bracket, living paycheck to paycheck and in debt up to their eyeballs. That $1000 difference might look real juicy to those guys.

I thought the top 0.1% was more like $3 million. Either way it's still an incredibly large amount of money for 1 in 1000 people to be making. With 131 million households that's 131000 households making more than $14 million per year which is WILD. One in a thousand isn't that uncommon, yet I'd never guess who were making that kind of money. They must just be living in completely separate spaces.

Wait. Who am I voting for based on this graph if I'm making 200k, and why?

This is purposely not clear.

Now compare that with the inflation their economic plans will cause. 100 or 1000% tarrifs will turn most of Trump's greens to red real quick

I'm disabled and make less than $20k a year in SSDI. What's in it for me? Oh and fuck Trump regardless.

Wtf? Why am I benefiting most under Harris? Shouldn't that be the guys on the very bottom?

I mean, I'll take it, but...weird?

(also fuck Trump, he can eat dirty diapers)

I might break 140k this year living near Seattle for a single income household with 3 children under 6. Is this graph saying that Trump's tax plan will benifit me, a middle class, some would argue lower middle class in this location, better than Harris?

What a terrible graph. You don't know if the numbers are good or bad at a passing glance.

Interesting to see the numbers. Republicans always tought being fiscally conservative, but the Dems tax plan is the only one that balances out in the governments favor

tax/eat the rich B)

Changing taxes levied on income doesn't change the income itself. Do they mean remaining income after tax?

Are you guys taxed at the source or where does this confusion come from?

Oh boy 2000 extra dollars. That'll really turn things around for me...

Oh shit, trump would benefit me? Thanks for this I'm switching sides.