Black America Will be Hit Hard by Tax Reform Changes

Macallik86

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Thats our condition

How does this tax reform hurt that.. . seems that we are already in all those circumstances
It is going to get worse for many people. Just because things are already bad doesn't mean that we shrug our shoulders and act indifferent when there is a likelihood that things will become worse.
 

Losttribe

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It is going to get worse for many people. Just because things are already bad doesn't mean that we shrug our shoulders and act indifferent when there is a likelihood that things will become worse.
I was asking in what way...
We get emotional on every tax plan but the truth is
Broke nikkas are broke or progressing based on what happens with the tax code
Im not seeing how this tax plan Bothers people who barely pays any taxes.
 

ZoeGod

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I was asking in what way...
We get emotional on every tax plan but the truth is
Broke nikkas are broke or progressing based on what happens with the tax code
Im not seeing how this tax plan Bothers people who barely pays any taxes.
Just watch the video because they break it down how it will devastate the black community even further. White america about to get hit hard from this tax plan as well. With the financial crises coming the next economic downturn will be a Depression not a recession. When white society get a cold black society get pneumonia.
 

AndroidHero

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I was asking in what way...
We get emotional on every tax plan but the truth is
Broke nikkas are broke or progressing based on what happens with the tax code
Im not seeing how this tax plan Bothers people who barely pays any taxes.

This is how this bill will hurt the poor and lower income families who don't pay any federal income taxes.

"The poor. The Senate bill cuts tax rates across all income levels, but 44 percent of Americans don't pay any federal income tax, so it doesn't help them. Some senators -- notably Marco Rubio (R-Fl.) and Mike Lee (R-Utah) -- pushed to give more money back to lower-income families in the form of refundable tax credits. Rubio and Lee wanted to make a lot of the Child Tax Credit refundable. But that didn't happen, meaning the poor won't get much benefit from the bill. If anything, they might lose a lot -- some won't be able to afford health insurance anymore and some are likely to lose other government benefits as Republicans look for ways to trim the federal budget in the coming months."

Analysis | Winners and losers in the Senate GOP tax bill: A running list
 

Macallik86

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I was asking in what way...
We get emotional on every tax plan but the truth is
Broke nikkas are broke or progressing based on what happens with the tax code
Im not seeing how this tax plan Bothers people who barely pays any taxes.
Then you need to read more on the tax plan. The lowest tax bracket will see an increase in the taxes they have to pay.
 

Losttribe

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This is how this bill will hurt the poor and lower income families who don't pay any federal income taxes.

"The poor. The Senate bill cuts tax rates across all income levels, but 44 percent of Americans don't pay any federal income tax, so it doesn't help them. Some senators -- notably Marco Rubio (R-Fl.) and Mike Lee (R-Utah) -- pushed to give more money back to lower-income families in the form of refundable tax credits. Rubio and Lee wanted to make a lot of the Child Tax Credit refundable. But that didn't happen, meaning the poor won't get much benefit from the bill. If anything, they might lose a lot -- some won't be able to afford health insurance anymore and some are likely to lose other government benefits as Republicans look for ways to trim the federal budget in the coming months."

Analysis | Winners and losers in the Senate GOP tax bill: A running list

Then you need to read more on the tax plan. The lowest tax bracket will see an increase in the taxes they have to pay.

:francis:Im torn


Because Im not 100 againt social programs

But...
Why should there be people who literally pay no taxes but receive a huge chuck of social benefit?
 
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