(09-28-2017 09:45 AM)BobcatEngineer Wrote:  

(09-28-2017 09:41 AM)Lord Stanley Wrote:  

(09-28-2017 09:27 AM)BobcatEngineer Wrote:  Can someone elaborate how this doesn't benefit Trump and his family?

Are you suggesting that the tax plan is only legitimate if it doesn't benefit Trump and his family?

I'm simply asking how this doesn't benefit Trump and his family.

He said it is "not good for me, believe me".

Why should I believe him?

Who gives a **** if it does?

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How are we going to pay for it.

(09-28-2017 09:49 AM)Fitbud Wrote:  How are we going to pay for it.

^Assumes money belongs to the government.

(09-28-2017 09:50 AM)Hood-rich Wrote:  

(09-28-2017 09:49 AM)Fitbud Wrote:  How are we going to pay for it.

^Assumes money belongs to the government.

How does this reduce the federal debt?

(09-27-2017 06:20 PM)Captain Bearcat Wrote:  I like this part: http://nypost.com/2017/09/27/trump-tax-p...ax-states/

"would remove state and local income and property taxes as deductions on federal returns."

This deduction always seemed to me that it was a handout to people in big coastal cities.

Circumstances vary for everyone, but it's a big FU to me. My house sits on a 10 acre waterfront lot that's part of a farm. Technically it's "one lot" wide (200 feet) but the property taxes are assessed on the entire 10 acres. Since a home sits on lot, it doesn't qualify for the reduced tax rate for farm land in cultivation. There are a few hundred acres in about 20 waterfront lots. Removing the federal deduction on this one will cost me over a thousand a year on just my 10 acre lot.

The upside is that if we really can eliminate the death tax, I won't have to subdivide and sell off part of the farm to pay the tax when the time comes.

(09-28-2017 09:52 AM)BobcatEngineer Wrote:  

(09-28-2017 09:50 AM)Hood-rich Wrote:  

(09-28-2017 09:49 AM)Fitbud Wrote:  How are we going to pay for it.

^Assumes money belongs to the government.

How does this reduce the federal debt?

It doesn't. We need to stop spending so much. No sacred cows.

(09-28-2017 09:49 AM)Fitbud Wrote:  How are we going to pay for it.

You mistakenly think a tax cut is a cost. It's a SAVINGS.

(09-28-2017 10:00 AM)Hood-rich Wrote:  

(09-28-2017 09:52 AM)BobcatEngineer Wrote:  

(09-28-2017 09:50 AM)Hood-rich Wrote:  

(09-28-2017 09:49 AM)Fitbud Wrote:  How are we going to pay for it.

^Assumes money belongs to the government.

How does this reduce the federal debt?

It doesn't. We need to stop spending so much. No sacred cows.

Yep, some folks always seem to ignore the other side of the equation.

(09-28-2017 10:02 AM)VA49er Wrote:  

(09-28-2017 10:00 AM)Hood-rich Wrote:  

(09-28-2017 09:52 AM)BobcatEngineer Wrote:  

(09-28-2017 09:50 AM)Hood-rich Wrote:  

(09-28-2017 09:49 AM)Fitbud Wrote:  How are we going to pay for it.

^Assumes money belongs to the government.

How does this reduce the federal debt?

It doesn't. We need to stop spending so much. No sacred cows.

Yep, some folks always seem to ignore the other side of the equation.

^ Dems since forever ago.

(09-28-2017 09:58 AM)200yrs2late Wrote:  

(09-27-2017 06:20 PM)Captain Bearcat Wrote:  I like this part: http://nypost.com/2017/09/27/trump-tax-p...ax-states/

"would remove state and local income and property taxes as deductions on federal returns."

This deduction always seemed to me that it was a handout to people in big coastal cities.

Circumstances vary for everyone, but it's a big FU to me. My house sits on a 10 acre waterfront lot that's part of a farm. Technically it's "one lot" wide (200 feet) but the property taxes are assessed on the entire 10 acres. Since a home sits on lot, it doesn't qualify for the reduced tax rate for farm land in cultivation. There are a few hundred acres in about 20 waterfront lots. Removing the federal deduction on this one will cost me over a thousand a year on just my 10 acre lot.

The upside is that if we really can eliminate the death tax, I won't have to subdivide and sell off part of the farm to pay the tax when the time comes.

So you're part of the 0.2% of estates subject to the tax?

(09-28-2017 09:45 AM)BobcatEngineer Wrote:  Why should I believe him?

You wouldn't believe him if he said the sky was blue and there was sand on a beach, so it's hard to believe you are coming at this with a rational lens.

(09-28-2017 10:04 AM)BobcatEngineer Wrote:  

(09-28-2017 09:58 AM)200yrs2late Wrote:  

(09-27-2017 06:20 PM)Captain Bearcat Wrote:  I like this part: http://nypost.com/2017/09/27/trump-tax-p...ax-states/

"would remove state and local income and property taxes as deductions on federal returns."

This deduction always seemed to me that it was a handout to people in big coastal cities.

Circumstances vary for everyone, but it's a big FU to me. My house sits on a 10 acre waterfront lot that's part of a farm. Technically it's "one lot" wide (200 feet) but the property taxes are assessed on the entire 10 acres. Since a home sits on lot, it doesn't qualify for the reduced tax rate for farm land in cultivation. There are a few hundred acres in about 20 waterfront lots. Removing the federal deduction on this one will cost me over a thousand a year on just my 10 acre lot.

The upside is that if we really can eliminate the death tax, I won't have to subdivide and sell off part of the farm to pay the tax when the time comes.

So you're part of the 0.2% of estates subject to the tax?

A good deal of family farms are. Mine happens to be a few hundred acres on navigable water that wraps around two sides of the farm.

(09-28-2017 10:07 AM)200yrs2late Wrote:  

(09-28-2017 10:04 AM)BobcatEngineer Wrote:  

(09-28-2017 09:58 AM)200yrs2late Wrote:  

(09-27-2017 06:20 PM)Captain Bearcat Wrote:  I like this part: http://nypost.com/2017/09/27/trump-tax-p...ax-states/

"would remove state and local income and property taxes as deductions on federal returns."

This deduction always seemed to me that it was a handout to people in big coastal cities.

Circumstances vary for everyone, but it's a big FU to me. My house sits on a 10 acre waterfront lot that's part of a farm. Technically it's "one lot" wide (200 feet) but the property taxes are assessed on the entire 10 acres. Since a home sits on lot, it doesn't qualify for the reduced tax rate for farm land in cultivation. There are a few hundred acres in about 20 waterfront lots. Removing the federal deduction on this one will cost me over a thousand a year on just my 10 acre lot.

The upside is that if we really can eliminate the death tax, I won't have to subdivide and sell off part of the farm to pay the tax when the time comes.

So you're part of the 0.2% of estates subject to the tax?

A good deal of family farms are. Mine happens to be a few hundred acres on navigable water that wraps around two sides of the farm.

White farmer privilege. j/k

Estate Tax being axed is great. The rest I'll have to see an actual bill on.

I imagine this is DOA. Ryan and McConnell couldn't heard cows and they are dealing with a bunch of cats.

Plus they probably need 60 votes in the Senate and they have at least 45 that will be no on anything.

(09-28-2017 10:16 AM)fsquid Wrote:  Estate Tax being axed is great. The rest I'll have to see an actual bill on.

Yeah, I'm not sure exactly what's being proposed. I just ignore the selling from those for and against, etc. What I'll be looking at is what is proposed to be taken away versus what is proposed to be added. The net result is what I plan to focus on before I determine whether I like the proposal or not.

(09-28-2017 10:06 AM)Lord Stanley Wrote:  

(09-28-2017 09:45 AM)BobcatEngineer Wrote:  Why should I believe him?

You wouldn't believe him if he said the sky was blue and there was sand on a beach, so it's hard to believe you are coming at this with a rational lens.

#bobcat

(09-28-2017 09:46 AM)Hood-rich Wrote:  

(09-28-2017 09:45 AM)BobcatEngineer Wrote:  

(09-28-2017 09:41 AM)Lord Stanley Wrote:  

(09-28-2017 09:27 AM)BobcatEngineer Wrote:  Can someone elaborate how this doesn't benefit Trump and his family?

Are you suggesting that the tax plan is only legitimate if it doesn't benefit Trump and his family?

I'm simply asking how this doesn't benefit Trump and his family.

He said it is "not good for me, believe me".

Why should I believe him?

Who gives a **** if it does?

Gee, I dunno...because it should matter if the president is doing something just to benefit himself?

And it should matter if the president just flat out lies, no?

Of course we'll never really know definitively because he refused to release his tax returns (which he also lied about because he said he would release them).

(09-28-2017 09:50 AM)Hood-rich Wrote:  

(09-28-2017 09:49 AM)Fitbud Wrote:  How are we going to pay for it.

^Assumes money belongs to the government.

No. He's asking the question Republicans have been asking in recent years when the Dems proposed something. Everything had to be paid for. Remember?

Try harder.

(09-28-2017 08:50 AM)Redwingtom Wrote:  

(09-27-2017 03:47 PM)WalkThePlank Wrote:  

(09-27-2017 03:40 PM)Redwingtom Wrote:  

(09-27-2017 02:44 PM)WalkThePlank Wrote:  

(09-27-2017 02:41 PM)Redwingtom Wrote:  This will not address the end problem which is congress spending too much money. This will only make it worse because they will have less money to spend.

Therefore, massive deficits and larger debt.

The debt will go up anyway. I'd rather have a more robust economy and keep what I earn.

If only there were a guarantee reducing corporate taxes would improve the economy. See Kansas.

Each time we reduce the corporate tax rate more revenue flows into the federal government. Explain that.

I can't explain it because I don't believe it's ever happened. I suppose you have a link to back this up?

You know what, I did have that confused with the capital gains tax rate, so my apologies.

However a lower corporate tax rate would absolutely create more jobs and companies will begin to expand.