Exactly. By any reasonable measure, the rich already pay their "fair share". The folks who don't pay their fair share are the nearly 50% of adults that pay no federal income tax at all. We should have an absolute minimum tax of, say, $500 per adult, so everyone has skin in the game of government spending.

Same here.

Is this going to be like the stimulus package Trump started back during Covid, and no one had to work anymore

It would certainly help a lot of seniors.

While you are correct that the working poor (slave labor) pay no income tax, even the $7.50 an hour worker pays 7.65% for SS and Medicare. That means a min wage worker pays $1,193 in tax out of their $15,600 income and you want them to pay more while Elon gets his tax cut billions. Maybe that is fair.

SS and Medicare isn't federal income tax. Most people are fine with low income earners paying zero. Problem is between EIC and child tax credit they not only pay zero but get back thousands. With a couple of crumb snatches some are getting upwards of $12-15k of our money. Nobody should be getting back more than they paid in, period.

No way it can match those Biden era tax cuts and Biden's frugalness for this nation !

"Nobody should be getting back more than they pay in, period."

I agree, although since they didn't actually pay any federal income tax they aren't really getting it back. They are just getting it. It's income redistribution, plain and simple. Government decides some of us have too much so it gives part of ours to someone else.

When does any of this tax relief happen?
Who gets it?
Will it cover what I lost n my 401?

Hard to handle all this greatness in one year
Kinda like the stimulus package trump started back during Covid

My first sentence was "While you are correct that the working poor (slave labor) pay no income tax"
I personally hate welfare for anyone, but if we are going to have any welfare, I prefer it be for the working poor rather than non-workers.

For sure.

I actually paid more after the last Trump "tax cut" because he limited property tax deductions to $10k per year. That's absolutely insane...why should I ever have to pay taxes on money that I used to pay other taxes???

We have 3 rental houses and a duplex. Bought every one of them in rough shape and worked like a dog til midnight after my day job for months fixing it up to have the $150 a month per door in extra income. I paid about $30k a year in property taxes right now. Trump's last tax cut basically took away any profit we had in those houses. Still hoping to pay them off when we retire but it was a real slap in the face that the last cut was focused on high income earners. I'm not naive enough to believe this one will be any different...I just hope I don't pay more taxes this time again because he needed to fund the breaks for the rich guys.

The core problem here is property tax to begin with. You buy something and then if you don't pay astronomical sums to the government on an annual basis, they will literally come seize your property?

Property tax should be replaced with income tax in Texas. Nobody should lose a paid for house because they lost their job.

I hope the tax cuts actually help the people who pay taxes. I got absolutely nothing during COVID because they had income limits on everything.

To gripe about a tax cut because it will benefit Elon is why we can't get meaningful tax policy changes. There are 340 million people in this country, think about what's best for them and not the one guy. If the one guy makes some $$$ because of it, it is no big deal and not a reason to stop tax breaks.

And how many people does Elon employ? It's good to have rich people, they are the ones that create a lot of jobs.

If you have 1.9 million in assets you’re considered in the top 10%.

I’m assuming these people don’t have to pay tax.