The bottom 2 quintiles pay no income taxes, and the middle pays little.
No shit? And they don’t lose very much either.BDKJMU wrote: ↑Fri Jul 04, 2025 9:21 amThe bottom 2 quintiles pay no income taxes, and the middle pays little.
On the other end, the top 1% pays by FAR the highest %.
The top one % will still be paying by FAR the highest % in their respective income.
As far as the NEW tax cuts, not the continuation of existing.
NO TAX ON TIPS benefits blue collar.
NO TAX ON OT benefits mostly blue collar.
Speaker Johnson is 100% correct.
Private payrolls lost 33,000 jobs in June, the ADP report showed, the first decrease since March 2023. Economists polled by Dow Jones forecast an increase of 100,000 for the month. The May job growth figure was revised even lower to just 29,000 jobs added from 37,000.
“Though layoffs continue to be rare, a hesitancy to hire and a reluctance to replace departing workers led to job losses last month,” Nela Richardson, ADP’s chief economist, said in a press release published Wednesday morning.
UNI88 wrote: ↑Fri Jul 04, 2025 11:23 am The private sector lost 33,000 jobs in June, badly missing expectations for a 100,000 increase, ADP says
Private payrolls lost 33,000 jobs in June, the ADP report showed, the first decrease since March 2023. Economists polled by Dow Jones forecast an increase of 100,000 for the month. The May job growth figure was revised even lower to just 29,000 jobs added from 37,000.
“Though layoffs continue to be rare, a hesitancy to hire and a reluctance to replace departing workers led to job losses last month,” Nela Richardson, ADP’s chief economist, said in a press release published Wednesday morning.
To be sure, the ADP report has a spotty track record on predicting the subsequent government jobs report, which investors tend to weigh more heavily. May’s soft ADP data ended up differing significantly from the monthly jobs report figures that came later in the week.
So I should trust a report put out by the utterly biased trump regime?BDKJMU wrote: ↑Fri Jul 04, 2025 12:28 pmUNI88 wrote: ↑Fri Jul 04, 2025 11:23 am The private sector lost 33,000 jobs in June, badly missing expectations for a 100,000 increase, ADP says
To be sure, the ADP report has a spotty track record on predicting the subsequent government jobs report, which investors tend to weigh more heavily. May’s soft ADP data ended up differing significantly from the monthly jobs report figures that came later in the week.
You can trust who you want. It’s pretty clear who the market trusts.
What needs are those?kalm wrote: ↑Fri Jul 04, 2025 11:13 amNo shit? And they don’t lose very much either.BDKJMU wrote: ↑Fri Jul 04, 2025 9:21 am
The bottom 2 quintiles pay no income taxes, and the middle pays little.
On the other end, the top 1% pays by FAR the highest %.
The top one % will still be paying by FAR the highest % in their respective income.
As far as the NEW tax cuts, not the continuation of existing.
NO TAX ON TIPS benefits blue collar.
NO TAX ON OT benefits mostly blue collar.
Speaker Johnson is 100% correct.
Of course the working poor are going to continue to have needs which they can’t afford while the wealthy need them to continue being good little consumers, spending beyond their means, as that’s what drives the economy.
Not to mention the equity, perceived, fair or otherwise that influences voters and in the worst situations leads to revolution.
Reduce the peasants crumbs too much and pay the consequences. That’s the history the history of worldwide civilizations and empires.
Mike Johnson is not smart enough to make those connections.
Klan still doesn't understand that tax breaks go to actual people who pay taxes. Show who pays and you get a very similar graph.
Bingo.SeattleGriz wrote: ↑Sat Jul 05, 2025 5:55 amKlan still doesn't understand that tax breaks go to actual people who pay taxes. Show who pays and you get a very similar graph.
Do you know any working class people? Do you know any with children? Do you know any who have a catastrophic illness in their family? Or who got laid off in their 60’s or 60’s and are too old to get hired for a decent paying job?Caribbean Hen wrote: ↑Sat Jul 05, 2025 4:17 amWhat needs are those?kalm wrote: ↑Fri Jul 04, 2025 11:13 am
No shit? And they don’t lose very much either.
Of course the working poor are going to continue to have needs which they can’t afford while the wealthy need them to continue being good little consumers, spending beyond their means, as that’s what drives the economy.
Not to mention the equity, perceived, fair or otherwise that influences voters and in the worst situations leads to revolution.
Reduce the peasants crumbs too much and pay the consequences. That’s the history the history of worldwide civilizations and empires.
Mike Johnson is not smart enough to make those connections.
You’re describing people that are making poor choices and that’s on them
Show me what they spend their paychecks onkalm wrote: ↑Sat Jul 05, 2025 7:39 amDo you know any working class people? Do you know any with children? Do you know any who have a catastrophic illness in their family? Or who got laid off in their 60’s or 60’s and are too old to get hired for a decent paying job?Caribbean Hen wrote: ↑Sat Jul 05, 2025 4:17 am
What needs are those?
You’re describing people that are making poor choices and that’s on them
I do.
Paycheck to paycheck is real and many are just a broken down car or family illness away from a bankruptcy situation.
The economy is based on these people being consumers who chase the American dream through home ownership, sending kids to college, affording streaming services and/or cable, and cell phones.
You can be as judgy as you’d like but economics doesn’t care about your feelings.
