What has increased in cost under Trump. Had one saying Trump better because less taxes, ACA cost him

[LizBeth]

I know with taxes the payroll tax decreased some but we are paying out more in our tax return. ACA did cost people because health insurance was required, so I am not going to say anything about that. But what has Trump done that cost us more today?

China has increased cost of goods for us? We pay more at the end of the year?

Thanks.

Edit: Also it is being said Obama worked with Putin the same as Trump when I discussed the bounty. I know at first Obama tried dialogue with N Korea and didn't work then got tough. But where are they getting Obama treated Putin the same?

[lagomorph777]

1. ACA did not cost people. Yes they had to be insured but overall medical cost for a person is lower.

They simply lost the illusion that they could ride for free forever.

[LizBeth]

3. If you are 25 and told you HAVE to get insurance or pay a fine, then they are going to say it is

money out of pocket. Now if they cared at all about people they would not prefer Trump with all the ugly that he is, but they are going only off of what is costing them money. So to them, now having to pay is a higher cost out of pocket even though the compassionate and reasonable person sees it as needed for society as a whole.

[lagomorph777]

12. It costs them money - until they break a leg skateboarding or catch COVID in a bar.

Then it's "waaaaahhh - socialize my medicine please!"

[LizBeth]

15. I understand that. That would be invoking reason and responsibility and they are talking increase

cost only, so I have to give them that. Hence looking for other areas living expenses increase with Trump. And for corporations, not something for society as a whole getting insurance.

[lagomorph777]

2. Trump/McConnell billionaire tax cut is a tax increase for large swath of the middle class.

It wiped out most of the deductions that the middle class relied upon.

[LizBeth]

5. Yes, but that would be end of year taxes and payroll taxes show a decrease. That is certainly one.

But it seems to me Trump has done things that are ending up costing people a lot more money. Like Truckers now do not get to make certain deductions so it would be a net loss for them.

[lagomorph777]

13. Exactly - Trump stripped away many important deductions.

[DBoon]

4. Getting rid of the SALT deduction has really hurt people in many blue states

[LizBeth]

6. Would this be where we had to pay higher end of year taxes in the blue states? I knew there was

something they did that cause blue state, state taxes to go up.

[DBoon]

8. capped the federal deduction on state and local taxes

States with an income tax or where property taxes are high mean you pay more federal taxes than in prior years, when you could deduct the full amount.

[lagomorph777]

14. Yup - it was intended to hurt us.

[LizBeth]

16. Yes

[SWBTATTReg]

7. The price of everything has seemed to go up. I used to buy candy bars at roughly .50 to an $1...

each, now they're 1.79 each! One item. I'm sure that I could go through my shopping list and ID other such items in that the prices have gone up too. We're getting 'nickeled' and 'dimed' seemingly everywhere.

[LizBeth]

9. Cost certainly have gone up, and Health insurance has risen, too. Especially during the pandemic

corporations have had record increase in cost, this I know.

[SWBTATTReg]

11. I know. And they rec'd a decent tax break in 2017 too. Did we see a reduction in prices as a ...

result? No.

[Miguelito Loveless]

10. Food prices are jumping

as are drug prices.

[Voltaire2]

17. "the payroll tax decreased" - uh what? no it didn't.

It's been at the same rates for its major components for a long time, with the exception of 2011-2012 when the ss component was temporarily decrease from 12 to 10.

https://www.taxpolicycenter.org/statistics/payroll-tax-rates

Maybe you meant income tax?

[LizBeth]

18. I do not know what I meant but that we get more in our paycheck with trump tax plan then the past.

However it is done.

[Voltaire2]

19. ok. Fair enough but you should know the difference.

Payroll taxes fund social security and medicare and are a flat rate (except for people who make more than 140,000.)
Income tax rates vary based on your income, and are what the GOP goes after every time they get in power, by reducing the rates at the top end. The last tax cut did almost nothing for lower and middle class workers. A lot of middle class workers saw an apparent decrease in their income taxes, only to have it taken back by the cap on local and state tax deductions when the filed.

If you look at the historical data since 1980, what has happened is that the progressivity has been almost entirely eliminated by removing the top tax brackets. Everyone in the middle is basically paying at a tax rate about the same as they did before tax cut fever took hold.

[LizBeth]

23. Thank you, I think I will just copy and paste after the first sentence if you do not mind.

I appreciate the info.

[JustAnotherGen]

20. Tariffs and SALT Reduction

If you live in a high property and income tax state - it's a direct hit on your finances. NJ -

That cap means I can only deduct 10K from the IRS for my state and property taxes. My property taxes are just under 10 K and my income tax is over 10K.

I'm basically paying property taxes to support our local schools (about $2900 per quarter) AND property taxes to Fed Gov. We get 83 cents back for every dollar we send to DC.


If one lives in a low payment, high return state that does NOT fund it's public schools - it's an even bigger win for them. It's a complete transfer of wealth to those who wish to not do their civic duty and fund their own damn schools. And it's not lost on me that many of these states fund their 'Christian Schools' and leave their de facto segregated school children to suffer.


Tariffs - the first year of the new tariffs - my companies tariffs bill went from about $2 million per year to $98 million per year.
US Manufacturer.
They aren't processing duty drawback or made in the usa certificates anymore - they are only focused on detaining new Americans who are undocumented, locking their children into cages, and inflicting monumental amounts of abuse of those innocents.


So yeah - I'm 'whining' - don't care. I've had it.

110 days.

[LizBeth]

24. Thank you for this information. I am gonna piece some of this in copy and paste if you do not mind.

Reality, I did not want to do all the researching for info but I do want to reply to this information. I am also going to have to do a lot of listening to Biden sexual abuse that he threw out and debunk. I hate wasting my time with these people but a nephew that I feel the need to put in his place. Takes up tons of my time, when I know information is not a priority for him but it is more to address the people not in the conversation.

[LizBeth]

28. I am interested what products this really affected. I know one thing I will discuss is they limited

the mileage a trucker could use and I know that really affected their pay.

[JustAnotherGen]

29. Links

List 3 - $200 Billion https://ustr.gov/issue-areas/enforcement/section-301-investigations/section-301-china/200-billion-trade-action

List 4 - https://ustr.gov/issue-areas/enforcement/section-301-investigations/section-301-china/300-billion-trade-action

Cables, processors, ups's, brackets, rails, screws, nuts, bolts, motherboards, microprocessors, Network Cards, etc. etc. and on and on and on and on.

[LizBeth]

30. Thank you sister. This is what I am looking for. A copy and paste. He is going to throw out

admittedly uninformed shit, he is going to listen to me. He started it, lol. Next is going to be the poor abused police and me not caring they die. Pragmatic, realistic, fair reforms. Then I will move onto another he threw out. But all in my time. It may take a couple days. Lol.

Thanks.

I will probably be reaching out often the next 5 months for people that know this on hand so I do not have to do all the researching.

[orwell]

21. Food Prices...

Cost of housing both for sale and for rent.

Healthcare, education...nothing really important

[LizBeth]

25. Good point about housing/rent. Anything Trump did or just flat out greed?

And of course they do not go to college, so that is not an arguing point for them. Jealous of educated, they would be all for young adults being charged a butt load.

[Doreen]

22. Everything that has to do with the basics of everyday life.

Food, toiletries, cloths, gas, pet products, and anything else. The price of milk just amazes me. Over $5.00 for half a gallon where I am.

[Vinca]

26. Food prices are what's killing my budget and we're not living large on steaks, either.

It's crazy. I went on a search for paper towels last week and found 1 store selling a package of 3 generic rolls for $7 plus change. They got to keep them. This week another store finally got a shipment. Pet supplies have gone up. I had an offer of a free can of cat food called "Reveal." To my horror, the little can - which I paid zero for - was priced at $1.69. The cat loved it, of course. On further inspection it's just tuna and broth, nothing special. If the cat needs a treat it can share my Starkist.

[LizBeth]

27. +1. Prices are truly crazy. I pay attention to cost and saw an huge increase in April. The first

time was like, no way. The more I started looking the more pissed at got. For sure. I am eating so very cheaply, you are right.

[leftyladyfrommo]

31. Mine have been food and just basic items. And our

Utilities have just gone through the roof.