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Thursday, December 6, 2018

So Which Is It?

For the last year plus, we've been told by the media and the Democrats that the tax cuts passed into law last year were "tax cuts for the wealthy".  According to the lies told by these people, middle class taxes would go up under the law.  That's clearly not true.  The largest beneficiary of the tax cuts has been middle income Americans.  That reality has seeped into the consciousness of many who were originally convinced by the lies that their taxes would rise.  By April of 2019 when almost all tax returns will be filed, the reality of the tax cuts will be clear to anyone paying attention.  As a result, the media is switching it's story.  Today, there's a story from Market Watch lamenting the huge INCREASE in taxes that professional athletes have to pay under the new law.  You see, a pro athlete making 5 million dollars will no longer be able to deduct state and local taxes or personal business expenses like a cell phone (they actually mention that) or off season trainer.  In other words, these super rich individuals will have to pay higher taxes.  So much for "tax cuts for the wealthy".  The article even tries to anticipate the higher taxes for the wealthy angle by telling us that many NFL players make "only" the league minimum of $480,000 per year.  (I doubt too many Americans will feel bad if a person making around a half a million dollars has to pay a bit more in taxes.)

It's amazing to me that the media thinks that after pushing the "tax cuts for the rich" lie for all this time, it can switch to trying to get sympathy for ultra-rich pro athletes who have to pay a bit more in taxes.  They really must believe that their readers have neither a memory nor much of a capacity for spotting lies.

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