Posts Tagged ‘taxes’
Cartoons of the day
Posted: 9 October 2020 in UncategorizedTags: cartoons, coronavirus, deaths, GOP, healthcare, pandemic, rich, taxes, Trump
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Cartoons of the day
Posted: 7 October 2020 in UncategorizedTags: blacks, cartoons, election, evictions, health insurance, Kamala Harris, Mike Pence, slavery, taxes, Trump, unemployment
Cartoons of the day
Posted: 3 October 2020 in UncategorizedTags: Biden, cartoons, election, healthcare, police, taxes, Trump, violence, war
Cartoons of the day
Posted: 1 October 2020 in UncategorizedTags: cartoons, corporations, economy, election, profits, racism, taxes, Trump, workers
Cartoons of the day
Posted: 29 September 2020 in UncategorizedTags: American Dream, Big Tech, blacks, capitalism, cartoons, climate crisis, deaths, healthcare, jobs, military, schools, taxes, Trump, voters
Cartoons of the day
Posted: 25 September 2020 in UncategorizedTags: cartoons, coronavirus, Democrats, election, Fox News, pandemic, stimulus, taxes, Trump, United States
Cartoon of the day
Posted: 12 July 2020 in UncategorizedTags: cartoon, Congress, coronavirus, courts, Mitch McConnell, pandemic, racism, statues, taxes, Trump
Special mention
Cartoon of the day
Posted: 21 June 2020 in UncategorizedTags: cartoon, conservative, coronavirus, economics, liberal, pandemic, police, politics, slavery, spending, taxes, Trump, white supremacy
Special mention
Chart of the day
Posted: 15 April 2020 in UncategorizedTags: capitalism, chart, disaster, inequality, taxes
This is from an analysis by the Joint Committee on Taxation (pdf) of the distributional effects for 2020 of the tax changes Republicans managed to add to the CARES Act. Basically, the provision allows for a temporary suspension of the limitation on tax losses for owners of businesses known as pass-through entities. Before (from 2017 onward), owners of these entities could deduct a maximum of $250 thousand in losses from non-business income, such as stocks and bonds.
As is clear in the table above, more than 80 percent of the benefits from the tax law change will go to people making $1 million or more annually in 2020. Overall, 95 percent of individuals who benefit from the change make $200 thousand or more.
What’s the slogan of disaster capitalism? Never let a serious crisis go to waste. . .
Cartoon of the day
Posted: 13 March 2020 in UncategorizedTags: Biden, cartoon, climate crisis, coronavirus, Democrats, living wage, rich, Social Security, student debt, taxes, Trump, Wall Street
Special mention
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