Yahoo Lifestyle Joseph Gordon-Levitt Spoke Out About Donald Trump's Proposed Tax Cuts For The 1%, And People Are Praising Him
You know Joseph Gordon-Levitt, aka JGL, right?
Well, in a video shared on Aug. 30, the Emmy Award-winning actor shared that he's rejecting former president Donald Trump's proposed $70,000 tax. "So, Donald Trump wants to give me $70,000 in tax cuts per year," he began.
"And by the way, he doesn't want to give that to everybody, but I just read that's the average tax break for the top 1% if Donald Trump is elected president," Joseph said, referring to CNN's story about how the top 5% of taxpayers would get nearly half the benefit if Trump's 2017 Tax Cuts and Jobs Act is extended.
Trump's 2017 Tax Cuts and Jobs Act is set to expire in 2025. If not extended, some of the provisions that would end include reducing individual income tax rates, doubling the standard deduction, increasing the annual child tax credit to $2,000, allowing high-income parents to claim the credit, and doubling estate and gift tax exemptions, and allowing taxpayers to exclude up to 20% of their business income from their federal income tax.
CNN also states that the top 1% who make at least $1 million (in this case, people like JGL) would receive a tax cut of about $70,000 in 2027, and the .1% who make at least $5 million would receive a tax cut of about $280,000 or 3% of their after-tax income.
"You might say, well, he's going to give tax breaks to everybody, but not really because of all the tax cuts — of all that money — nearly half of it is going to go to just the top 5% of people," Joseph continued.
According to CNN, an analysis released by the Urban-Brookings Tax Policy Center found that the highest-income households would receive more than 45% of the benefits.
"Now, do I need an extra $70,000? Honestly, no. My family and I are doing fine," Joseph said. "Do I deserve an extra $70,000? I don't think so."
"It doesn't feel right to me, especially when he's also talking about cutting programs that help most people in our country," the 500 Days of Summer actor said, referencing the Atlantic story about Trump's renewed pledge to repeal and replace the Affordable Care Act aka Obamacare.
While the tax cut would essentially benefit Joseph, he's challenging the proposal and endorsing Trump's opponent. "Do you want to talk about who's going to really help most Americans? It's Kamala."
Emily Elconin / Getty Images, Tom Williams / CQ-Roll Call, Inc via Getty Images
"Trump's going to help the same people he always tries to help, the wealthy, himself. He was born a wealthy guy," he added.
"And look, I completely respect needing to vote for the candidate that's going to make it easier for your family but Donald Trump isn't that candidate."
"Donald Trump is going to give me $70,000," Joseph repeated. "So, Mr. Trump, thank you, but no thanks."
Joseph's online statement gained much attention, and he's receiving praise for speaking up and sharing his opinion.
Now, there's a decent, successful rich dude—who knows it's time to help other people. Respect.
— James Connor 🌊 (@toJamesConnor) August 30, 2024
What brutal honesty and integrity. Joesph is so down to earth and relatable. He understands that America needs the middle class, and that the 1 percent are already well taken care of. We cannot afford four more years of Donald Trump. Thank you Mr.Levitt 🇺🇸
— Mike Harvey (@electMikeHarvey) August 30, 2024
just when I think I can't love this man any more than I already do, he always does something more to cement it, I respect him to the fullest
— ROC Solid Wrestling Talk Podcast (@ROCSolidTalk) August 30, 2024
Where can I sign up for the official Joseph Gordon-Levitt fan club?
— paddy_collects (@paddy_collects) August 30, 2024
