Groceries are more affordable now than in 2019

[The Tradition]

I saw this comment again and your lack of REAL knowledge is exactly what I’m talking about.

There’s A LOT of affluent hrot members that post here, let’s here it from them.

AFFLUENT members, did you receive “lottery type benefits” from the 2017 tax cuts?

I’ll hang up in listen as I consider myself upper middle class.

No.

But I appreciated the fact that most taxpayers could do the simple form instead of itemizing.

 

[HawkMachine]

Define affluent.

Google it

 

[RileyHawk]

That's interesting - that's who I've always compared you to. Funny.

Looking forward to more of your middle school rants.

 

[Whiskeydeltadeltatango]

Define affluent.

Fwiw


Household income in the mid 2s.



No. At no point have I felt like I won the lottery.

 

[millah_22]

... as compared to wages. Interesting active graph in the article.

https://www.marketwatch.com/story/groceries-are-more-affordable-now-than-in-2019-so-why-are-people-still-so-mad-about-prices-74b5a6db

Pog

 

[Bulldogs1974]

The “rich” who are far wealthier than I (you as well?) are already paying the majority of taxes in this country. You’re either ignorant or you’re deliberately lying. Which is it?

The top 10% of earners in this country paid 75% of all income tax collected in 2021.
The bottom 50% pay almost nothing.

Who cares. If the top 10% pay 75% (using your numbers) but have 90% of the wealth, why would it matter.

 

[CarolinaHawkeye]

You sir, are full of sh!t!
The effective tax rate was lowered in 2017 for all tax brackets. If you made 75k, trump tax cuts helped you. Kamala is set to let it expire, your effective tax rate will increase if she becomes president. Look up effective tax rate 2015vs 2017- we all benefited.
Also- you realize the top 1% pay 47% of taxes in America. How are they not paying their fair share?

Something tells me you don't understand effective tax rates.

 

[TNHAWK79]

Something tells me you don't understand effective tax rates.

And you would be wrong. Tell me how a married couple making 100k will fair better once Trumps tax cuts expire? It’s not just for those making $400k and up. Literally every tax bracket will be impacted. Also, please explain how the top 1% who pay 48% of all income tax are not paying their fair share? What do you think will happen to corporations if they have to pay 35% tax rate? You don’t need to be the head cashier at Walmart to solve.

 

[SI_NYC]

I'M NOT TRYING TO MAKE A POLITCAL STATMENT. I'M NOT TALKING POLITICS HERE. I'M SIMPLY TALK'N BOUT TAXES.

TRUMP TAX CUT. BIDEN TAX CUT. I DON'T GIVE A PHUCK WHO WAS BEHIND IT.

I'M JUST STATING THAT 98/100 OF MY CLIENTS BENEFITED FROM THE TAX CUT IN 2017.

DON'T BELIEVE THE POLITICAL ADS.

You cater to those that can hire an accountant. If you are any good, you most likely aren’t working with the poor.

 

[SA_Hawk]

 

[Gimmered]

Middle class= a little benefit
Upper middle class= a bigger benefit
Affluent= winning the lottery type benefit.

You seem to want to deceive and make everyone think we all benefitted equally. Be Better

And that's only when you ignore the inflation the also created.

 

[Scruddy]

Lolol mega cope thread

 

[binsfeldcyhawk2]

... as compared to wages. Interesting active graph in the article.

https://www.marketwatch.com/story/groceries-are-more-affordable-now-than-in-2019-so-why-are-people-still-so-mad-about-prices-74b5a6db

fake news

Food Inflation in the United States (1968-2024)

The average price of food in the United States rose by 2.3% in the 12 months ending September, after posting an annual increase of 2.1% in August, according to the latest inflation data published October 10, 2024, by the U.S. Labor Department's Bureau of Labor Statistics (BLS). As recently as...

www.usinflationcalculator.com

 

[CaboKP]

The Trump tax cuts, officially known as the Tax Cuts and Jobs Act (TCJA) of 2017, provided tax benefits across all income levels, but the wealthiest individuals and corporations received the largest benefits in both dollar terms and percentage terms.

Key Points:​

1. High-Income Earners:
   • The top 1% of earners saw significant benefits. By 2025, the top 1% are projected to receive about 83% of the tax benefits.
   • The average tax cut for households making over $1 million was about $69,660 per year, according to the Tax Policy Center.
2. Corporations:
   • The corporate tax rate was cut dramatically from 35% to 21%, which primarily benefited large businesses and wealthier shareholders. This cut was permanent, unlike individual tax cuts, which are set to expire in 2025.
   • Corporations also benefited from changes such as the immediate expensing of capital investments, increasing after-tax profits.
3. Middle- and Lower-Income Households:
   • Households in the middle-income bracket received a modest tax cut, averaging about $900 in savings, which translated to around a 1.6% increase in after-tax income.
   • Lower-income households saw even smaller benefits, with an average tax cut of about $60.

Overall, while all income groups saw some tax reductions under the TCJA, high-income earners and corporations gained the most significant advantages, with wealthier individuals receiving the largest percentage of the total tax savings.

Sources:​

• Tax Policy Center: Analysis of TCJA Benefits
• Congressional Budget Office: Reports on the impact of the Tax Cuts and Jobs Act

This info is all over the place. I do believe the numbers, but they are put together this way intentionally knowing people will key off of the numbers listed.
An average wage >$1M, received $69k in tax relief is meaningless without knowing the actual average wage of the category.

 

[RileyHawk]

This info is all over the place. I do believe the numbers, but they are put together this way intentionally knowing people will key off of the numbers listed.
An average wage >$1M, received $69k in tax relief is meaningless without knowing the actual average wage of the category.

LOL - no. It demonstrates the huge difference between what the very top earners received from the tax cuts compared to the middle and lower income brackets. It's averages based on income brackets.

 

[CaboKP]

LOL - no. It demonstrates the huge difference between what the very top earners received from the tax cuts compared to the middle and lower income brackets. It's averages based on income brackets.

Of course, it is based off of percentage.
We all know this.

 

[RileyHawk]

Of course, it is based off of percentage.
We all know this.

It's based on averages and income brackets. I'm not sure why you're having such an issue understanding. It's pretty straight forward.