The phenomenon of online platforms gradually degrading the quality of their services, often by promoting advertisements and sponsored content, in order to increase profits. (Cory Doctorow, 2022, extracted from Wikitionary) source
We discuss how predatory big tech platforms live and die by luring people in and then decaying for profit.
We also discuss how naturally open technologies like the Fediverse can be susceptible to corporate takeovers, rugpulls and subsequent enshittification.
Cant imagine making 30 k a year and having to pay even 1600 in taxes. This is saying it will increase that much.
Also you gotta factor in inflation caused by the injection of $4.5 trillion of additional rich guy wealth into the economy. So even a lot of people making over $300k are probably going to be losing out after you factor in inflation caused by others getting more.
I love basically losing a month of my income when we're already barely getting by. Fuck this fucking shithead administration to hell with a rusty whisk.
Is this per household?
And the toothless knuckledraggers who'll be hit the hardest by this shit will thank the Führer for making America great again.
Yes, I can image.even more regressive Republican tax cuts. It isn't like this is unusual for them or something unique to Trump. It is just more of the same shifting of the tax and cost burden down the economic ladder.
Trump v1 did increase the standard deduction for everyone. It's the only good thing he's ever done that I can list off the top of my head.
There is zero chance that he came up with the idea or had anything to do with that increase that happened while he was in office.
The 'Food Web' of this civilization and many others on this planet make absolutely no fucking sense its morbidly hilarious.
America’s largest, consistently profitable corporations saw their effective tax rates fall from an average of 22.0 percent to an average of 12.8 percent after the Trump tax law went into effect in 2018.
The 296 largest and consistently profitable U.S. corporations in this study paid $240 billion less in taxes from 2018 to 2021 than if they had continued to pay the effective rates they’d paid before the Trump tax law.
While profits for the largest, continuously profitable U.S. corporations rose by 44 percent after passage of the Trump tax law, their federal tax bills dropped by 16 percent.
The number of these corporations paying tax rates of less than 10 percent increased from 56 to 95 after the Trump tax law went into effect.
Many of the largest and most well-known corporations in the country — including Walmart, Verizon, Disney, and Meta — had the largest tax reductions after the Trump tax law went into effect.
https://itep.org/corporate-taxes-before-and-after-the-trump-tax-law/
Well, fuck.
it's a good thing I'm not paying federal taxes this year then.