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Trump Tax Plan
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Kronke Offline
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Post: #81
RE: Trump Tax Plan
Holy ****, the alt-left reporters at the press briefing are more concerned about how this tax plan affects President Trump than they are about the American people.

THIS. IS. WHY. YOU. LOSE!
09-28-2017 01:57 PM
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Kronke Offline
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Post: #82
RE: Trump Tax Plan
The alt-left surely does have the finger on the pulse of the woking man and woman, don't they?

Mic reporter Emily Singer..

Quote:Emily C. Singer‏Verified account
@CahnEmily

Replying to @NathanWurtzel
$83 a month where I live is nothing.
12:51 PM - 27 Sep 2017

https://twitter.com/CahnEmily/status/913129009382379521

Quote:Emily C. Singer‏Verified account
@CahnEmily

Saving $1,000 a year on taxes is nothing. Less than $100 a month.
12:47 PM - 27 Sep 2017

https://twitter.com/CahnEmily/status/913127991491858433
09-28-2017 02:01 PM
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VA49er Offline
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Post: #83
RE: Trump Tax Plan
(09-28-2017 01:57 PM)Kronke Wrote:  Holy ****, the alt-left reporters at the press briefing are more concerned about how this tax plan affects President Trump than they are about the American people.

THIS. IS. WHY. YOU. LOSE!

TDS. They were against it before it was even revealed.
09-28-2017 02:03 PM
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Kronke Offline
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Post: #84
RE: Trump Tax Plan
A $1,000 annual contribution to a Roth IRA for 40 years at an 8% return will leave the working man or woman an additional, tax-free $301,505 for retirement.

The alt-left is of the opinion that this amount of moeny (at least where *they* live) is "nothing".

http://www.moneychimp.com/calculator/com...ulator.htm
(This post was last modified: 09-28-2017 02:07 PM by Kronke.)
09-28-2017 02:06 PM
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WalkThePlank Offline
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Post: #85
RE: Trump Tax Plan
(09-28-2017 02:06 PM)Kronke Wrote:  A $1,000 annual contribution to a Roth IRA for 40 years at an 8% return will leave the working man or woman an additional, tax-free $301,505 for retirement.

The alt-left is of the opinion that this amount of moeny (at least where *they* live) is "nothing".

http://www.moneychimp.com/calculator/com...ulator.htm

That can't be true. It's the government's money!
09-28-2017 02:12 PM
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HeartOfDixie Offline
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Post: #86
RE: Trump Tax Plan
You rarely see how low the quality of reporting from journalists.

It's simply incredible how little they know.

It's all about making this a way to attack Trump and they don't even know what they are talking about.
09-28-2017 02:25 PM
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Hood-rich Offline
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Post: #87
RE: Trump Tax Plan
(09-28-2017 02:01 PM)Kronke Wrote:  The alt-left surely does have the finger on the pulse of the woking man and woman, don't they?

Mic reporter Emily Singer..

Quote:Emily C. Singer‏Verified account
@CahnEmily

Replying to @NathanWurtzel
$83 a month where I live is nothing.
12:51 PM - 27 Sep 2017

https://twitter.com/CahnEmily/status/913129009382379521

Quote:Emily C. Singer‏Verified account
@CahnEmily

Saving $1,000 a year on taxes is nothing. Less than $100 a month.
12:47 PM - 27 Sep 2017

https://twitter.com/CahnEmily/status/913127991491858433

Yeah, they're this ******* retarded.
09-28-2017 02:31 PM
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Kronke Offline
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Post: #88
RE: Trump Tax Plan
Huckabee-Sanders just destroyed race-baiter April Ryan. Wow.
09-28-2017 02:43 PM
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HeartOfDixie Offline
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Post: #89
RE: Trump Tax Plan
(09-28-2017 02:43 PM)Kronke Wrote:  Huckabee-Sanders just destroyed race-baiter April Ryan. Wow.

Have they already tied the tax plan to race?
09-28-2017 02:46 PM
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Kronke Offline
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Post: #90
RE: Trump Tax Plan
(09-28-2017 02:46 PM)HeartOfDixie Wrote:  
(09-28-2017 02:43 PM)Kronke Wrote:  Huckabee-Sanders just destroyed race-baiter April Ryan. Wow.

Have they already tied the tax plan to race?

Perhaps, though Ryan's questions were about NFL kneeling. Ryan said she wanted to look to history, and SHS brought up the history of all the men who fought and died for the flag. It was good.
09-28-2017 02:48 PM
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Attackcoog Online
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Post: #91
RE: Trump Tax Plan
(09-28-2017 02:25 PM)HeartOfDixie Wrote:  You rarely see how low the quality of reporting from journalists.

It's simply incredible how little they know.

It's all about making this a way to attack Trump and they don't even know what they are talking about.

^^^^^^THIS^^^^^

You already know the lead to her story. It was probably written prior to the press conference. Any answer from the podium was just a waste of time as she would never let it affect the story's lead and tenor.
09-28-2017 03:08 PM
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MJG Offline
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Post: #92
RE: Trump Tax Plan
(09-28-2017 12:44 PM)200yrs2late Wrote:  
(09-28-2017 11:43 AM)Redwingtom Wrote:  
(09-28-2017 10:36 AM)200yrs2late Wrote:  
(09-28-2017 10:31 AM)Redwingtom Wrote:  
(09-28-2017 10:28 AM)WalkThePlank Wrote:  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.

Not necessarily. Corporations (and most businesses) only hire employees when they have a product to sell and demand for it. Corporate tax cuts in no way guarantee that because the corporation still has an obligation to their shareholders to make as much money as possible. They are under no obligation to just charitably increase salaries or hire more workers just to hire them.

You miss the part of the equation where lowering corporate tax rates would entice companies to move to the US and thereby increasing tax revenues.

Sounds great, but is there any evidence (or studies that say) this will happen? I'm guessing the main reason they leave initially (or start elsewhere) is due to lower wages, not necessarily taxes. And if you are all expecting the corporations to increase wages as a result (or add more employees, the same thing) won't the mitigate most if not all of any tax savings?

Read US is third highest in the world.... Puerto Rico is #2. It's a major competitive disadvantage for the US
The countries with the lowest all basically suck .
Not arguing against it I just found that interesting Chad and Albania are not killing it for some reason.

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09-28-2017 03:20 PM
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Redwingtom Offline
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Post: #93
RE: Trump Tax Plan
(09-28-2017 03:20 PM)MJG Wrote:  
(09-28-2017 12:44 PM)200yrs2late Wrote:  
(09-28-2017 11:43 AM)Redwingtom Wrote:  
(09-28-2017 10:36 AM)200yrs2late Wrote:  
(09-28-2017 10:31 AM)Redwingtom Wrote:  Not necessarily. Corporations (and most businesses) only hire employees when they have a product to sell and demand for it. Corporate tax cuts in no way guarantee that because the corporation still has an obligation to their shareholders to make as much money as possible. They are under no obligation to just charitably increase salaries or hire more workers just to hire them.

You miss the part of the equation where lowering corporate tax rates would entice companies to move to the US and thereby increasing tax revenues.

Sounds great, but is there any evidence (or studies that say) this will happen? I'm guessing the main reason they leave initially (or start elsewhere) is due to lower wages, not necessarily taxes. And if you are all expecting the corporations to increase wages as a result (or add more employees, the same thing) won't the mitigate most if not all of any tax savings?

Read US is third highest in the world.... Puerto Rico is #2. It's a major competitive disadvantage for the US
The countries with the lowest all basically suck .
Not arguing against it I just found that interesting Chad and Albania are not killing it for some reason.

Sent from my SM-J700T using CSNbbs mobile app

Also, this is only rates, not the effective rate. England and Japan have higher effective tax rates than the United States per the latest figures available.
09-28-2017 03:41 PM
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HeartOfDixie Offline
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Post: #94
RE: Trump Tax Plan
(09-28-2017 03:20 PM)MJG Wrote:  
(09-28-2017 12:44 PM)200yrs2late Wrote:  
(09-28-2017 11:43 AM)Redwingtom Wrote:  
(09-28-2017 10:36 AM)200yrs2late Wrote:  
(09-28-2017 10:31 AM)Redwingtom Wrote:  Not necessarily. Corporations (and most businesses) only hire employees when they have a product to sell and demand for it. Corporate tax cuts in no way guarantee that because the corporation still has an obligation to their shareholders to make as much money as possible. They are under no obligation to just charitably increase salaries or hire more workers just to hire them.

You miss the part of the equation where lowering corporate tax rates would entice companies to move to the US and thereby increasing tax revenues.

Sounds great, but is there any evidence (or studies that say) this will happen? I'm guessing the main reason they leave initially (or start elsewhere) is due to lower wages, not necessarily taxes. And if you are all expecting the corporations to increase wages as a result (or add more employees, the same thing) won't the mitigate most if not all of any tax savings?

Read US is third highest in the world.... Puerto Rico is #2. It's a major competitive disadvantage for the US
The countries with the lowest all basically suck .
Not arguing against it I just found that interesting Chad and Albania are not killing it for some reason.

Sent from my SM-J700T using CSNbbs mobile app

Most of those countries have high tax rates but nobody pays them.

In the US if you don't file a return the IRS knocks on your door. If you don't file a return in Chad nobody gives a ****.
09-28-2017 04:21 PM
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miko33 Offline
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Post: #95
RE: Trump Tax Plan
(09-28-2017 11:27 AM)HeartOfDixie Wrote:  
(09-28-2017 11:22 AM)miko33 Wrote:  
(09-28-2017 11:08 AM)HeartOfDixie Wrote:  
(09-28-2017 10:55 AM)miko33 Wrote:  
(09-28-2017 10:51 AM)HeartOfDixie Wrote:  I don't see why folks are arguing over this.

It isn't as if this reform is some sweeping change.

Increasing the standard deduction is a big help for lower to middle class folks and doesn't mean much of anything to anybody making more than $250k per year. It means an awful lot to folks make $50k per year.

From what I understand of the tax reform, it will have a net benefit of making the tax code more progressive for individual filers, while corporations and the poorest get breaks. ETA, this is very much a democratic tax plan except for the corporate tax reduction. This is NOT your Reagan tax cut plan.

As I said before, Trump is a democratic populist from the 70s and 80s.

I'm not sure I agree with that.

The meat of the change is in the standard deduction and it's equally as substantive for both married and single filers.

The change in brackets is an aside and virtually meaningless.

The cutting out of certain deductions also does very little in the grand scheme.

This isn't so much reform as a tax warm-over.

The impact on corporations etc. is minor, and rightfully so, because simple isn't good for corporations.

We don't know the gory details, but from what I've seen historically regarding increasing standard deductions while closing off itemized deductions tend to push the benefits down the ladder - especially to the middle class. That's why I think for individual filers it will be more progressive.

The increase in the standard deduction amounts is without a doubt good for the little guy.

You can run the math on what it means for a person making $50k per year.

But, it isn't as if we are shifting burden from one group to another. It's just a tax break for the small guys.

...which would make it a more progressive tax code for the middle class. The rich pay an even higher share of taxs even if there taxes remain at the same level.

This is WJC's middle class tax cut sans corporate tax break. Maybe you can argue this is more inline with what JFK would have done. I think Trump shows his democrat ass with this plan, the revised health care bill and his restrictions on trade.
09-28-2017 04:21 PM
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stinkfist Offline
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Post: #96
RE: Trump Tax Plan
(09-28-2017 10:10 AM)Hood-rich Wrote:  
(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 04-cheers

03-lmfao03-lmfao03-lmfao

at a value added cost 03-wink
09-28-2017 04:40 PM
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stinkfist Offline
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Post: #97
RE: Trump Tax Plan
(09-28-2017 04:21 PM)HeartOfDixie Wrote:  
(09-28-2017 03:20 PM)MJG Wrote:  
(09-28-2017 12:44 PM)200yrs2late Wrote:  
(09-28-2017 11:43 AM)Redwingtom Wrote:  
(09-28-2017 10:36 AM)200yrs2late Wrote:  You miss the part of the equation where lowering corporate tax rates would entice companies to move to the US and thereby increasing tax revenues.

Sounds great, but is there any evidence (or studies that say) this will happen? I'm guessing the main reason they leave initially (or start elsewhere) is due to lower wages, not necessarily taxes. And if you are all expecting the corporations to increase wages as a result (or add more employees, the same thing) won't the mitigate most if not all of any tax savings?

Read US is third highest in the world.... Puerto Rico is #2. It's a major competitive disadvantage for the US
The countries with the lowest all basically suck .
Not arguing against it I just found that interesting Chad and Albania are not killing it for some reason.

Sent from my SM-J700T using CSNbbs mobile app

Most of those countries have high tax rates but nobody pays them.

In the US if you don't file a return the IRS knocks on your door. If you don't file a return in Chad nobody gives a ****.

don't be so sure about that 03-wink

quantity and how it's obtained comes into play in that arena....

#barteringandcashis......

I'm going to the driving range now.....that pain is finally gone.....
(This post was last modified: 09-28-2017 04:45 PM by stinkfist.)
09-28-2017 04:44 PM
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