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[-] SynopsisTantilize@lemm.ee 13 points 21 hours ago

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

This is purposely not clear.

[-] RvTV95XBeo@sh.itjust.works 10 points 8 hours ago

What do you mean this is purposely not clear? Is interpolation so hard for folks?

If you make $200k, you're probably going to land somewhere between the $130k and $330k income levels, meaning your tax savings under Trump's proposed plan will be between $4k and $9k, likely roughly $6.5k. For Harris' proposed plan you'll be between $3k and $2k, likely close to $2.5k.

Yes, the amounts aren't linear, so it's hard to say exactly where you will land, but also these are proposed plans, so they're estimates to begin with. I wouldn't be adjusting my personal budgeting off of a wish list from two people who do not control tax laws.

It doesn't take a rocket scientist to understand from the chart that for most Americans (see, median household income $81k), Harris's tax proposal will net more savings on their annual income, while Trump's plan favors people in higher income brackets.

Trump's plan will increase the national deficit because everyone pays less in taxes. Harris' plan tries to be closer to revenue neutral by putting more of the tax burden on the top 1%.

Who you vote for is your decision, but the fact that we have a populous that can't understand fairly straightforward tables to help inform decision-making is part of the reason why we are so fucked.

[-] SynopsisTantilize@lemm.ee 1 points 4 hours ago

Thank you for the straight answer. I'm financially illiterate.

[-] min_fapper@programming.dev 1 points 8 hours ago* (last edited 8 hours ago)

Then your income will increase by a little over $2000.

[-] Rakonat@lemmy.world 20 points 17 hours ago

Don't forget 2016 when Trump said he was going to cut taxes for all Americans and the plan Congress pushed through raised taxes on average by 4000 a year for middle and working class incomes. But the super rich got back millions and millions.

[-] SynopsisTantilize@lemm.ee 1 points 14 hours ago

Yes. I do remember that.

[-] Waraugh@lemmy.dbzer0.com 17 points 20 hours ago

Do you lack the ability to think of others when looking at the graph?

[-] vxx@lemmy.world 10 points 18 hours ago

If everyone was voting what's best for them according to this graph, the election would be a blowout win for Harris.

[-] Zozano@lemy.lol 9 points 17 hours ago* (last edited 17 hours ago)

"but one day I might be a millionaire."

[-] vxx@lemmy.world 5 points 16 hours ago

"Not if you're paying more taxes than millionaires"

[-] And009@reddthat.com 1 points 17 hours ago

Classic Game theory

[-] SynopsisTantilize@lemm.ee 0 points 14 hours ago

You couldn't have just spent that time explaining it rather than being snarky? This graph either says Donnie is raising my tax or my income will go up more.

Not everyone is always on top of their game and the smartest person on the Internet....

this post was submitted on 30 Oct 2024
616 points (95.0% liked)

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