RE: In 10 years 53% of tax payers will be paying more in taxes.
so cute.............
Whenever Fredo 1's argument is going down in flames he tries to start the drunken tact................. so funny and predictable..........
Listen....... I am going to challenge you from here on out to cite evidence of your claims. Now you've been allowed to roam free here in the land of misfit toys with the trains that have three wheels but your moving up in class when you step into the Octagon with me. You're getting Knocked out Fredo.....................................
RE: In 10 years 53% of tax payers will be paying more in taxes.
Quote:Based on quarterly data released by the US Treasury, the debt at the end of 2008 — just before Obama took office — stood at roughly $10,699,805,000,000.
As of the third quarter of 2016, the most recent data available, the debt as Obama is set to leave office stood at $19,573,445,000,000.
Based on the website USdebtclock.com, which extrapolates the US national debt in real time based on committed government spending, the debt will be roughly $19.97 trillion when President-elect Donald Trump takes office on Friday.
Thus, the national debt under Obama will have grown by about $9 trillion, or an increase of 86%.
RE: In 10 years 53% of tax payers will be paying more in taxes.
(12-19-2017 08:05 AM)Machiavelli Wrote: These tax cuts never pay for themselves. It’s just a straight up transfer of wealth to the GOP donor class. People that Trump campaigned on raising their taxes. Remember him saying I don’t need a tax cut the middle class does? Anyone? Then to ACTUALLY RAISE taxes on the middle class in 10 years. Puhhhhh THAT. TIC!!!!!! You just lost a Senate seat in Alabama boys. Keep pulling **** like this and watch how far you get flushed down the toilet. You’ve been conned by the reality tv Star.
You literally have no idea what you're talking about. It's astonishing, really.
RE: In 10 years 53% of tax payers will be paying more in taxes.
(12-19-2017 09:13 AM)Machiavelli Wrote: It just really bothers me that people who bitched and complained and cheered when the govt. shut down over funding issues are hypocritical when thios boondoggle is being pushing through. This massive 1.5 trillion straight up give away to the donor class. This tax bill is fixing shyt? It's not. There should be a corporate AMT at least. This process has been worse than anything that was done by the D's in 2008 and 2009 and I just hope the pay a similar political price.
Eric where above did I cite your name?
Also.... can you please cite where Obama added 9 trillion to the debt? ACtual citiations please.
Claim evidence and the Support.
CES
Facts out of thin air. Someone is quite good at that. Again...... please show "EVIDENCE" of Obama adding 9 trillion to our debt. Pleases and Thank Yous.
The only reason for an AMT is that there are so many preferences. Getting rid of the AMT saves billions in wasted money spent on programmers, lawyers and accountants. And the corporate AMT doesn't sting the taxpayer as much as the individual AMT. Its mostly just a bunch of unnecessary calculations and planning activities.
RE: In 10 years 53% of tax payers will be paying more in taxes.
(12-19-2017 09:32 AM)Machiavelli Wrote: When you actually read the article that is posted. Something that this room never does you can see that Obama's terms coincides with a time period where R's controlled the purse strings. R's are in charge of 75% of that deficit you guys are bitching about!!!!!!!!! It's incredibly sad to me that we are 20 trillion in debt and we are even discussing this much less passing it!!!!
The job creators line is total BS too. This won't create the jobs that you polllyannas are singing. This is a dead ass give away to shareholders and CEO pay. It's a donor give away. Just wait to I post all of the carve outs.
Obama had veto power and made that clear that he would veto. Democrats controlled the Senate for the first 6 years and the House for the first 2 years of his presidency.
RE: In 10 years 53% of tax payers will be paying more in taxes.
As it was, for the first time in the history of our Republic, under Obama, Reid and Pelosi, we ran the government without a budget being passed. Only when Republicans got control of both Congress and the Senate did one get passed. We went 6 years without a budget, running up deficits.
RE: In 10 years 53% of tax payers will be paying more in taxes.
You do realize it's not actually a tax cut if it has to "pay for itself"... right?
The government comes in and cuts my tax rate to 15% or whatever it is, but they limit deductions... they are going to make up that money somewhere. It is a sham.
If at the end of the day, the government doesn't LOSE money... then we didn't have a tax cut.
No Democrat or Republican is interested in reducing the size of government, it seems.
The only really great thing in this tax bill is the slashing of the Corporate Tax rate. That is going to help the economy tremendously!
RE: In 10 years 53% of tax payers will be paying more in taxes.
Also, the title of this thread is funny. I'm assuming the Democrats will be back in charge in 10 years, and yes, we will all be paying more in taxes. Especially those evil rich people and corporations.
RE: In 10 years 53% of tax payers will be paying more in taxes.
Mach, without it 100% of taxpayers will be paying a lot more as Dems can never stop themselves from raising taxes and spending on social programs with limited benefits except to folks that vote for them to stay in power.
RE: In 10 years 53% of tax payers will be paying more in taxes.
Mach understand the cuts. While we're not going to be buying new Mercedes or BMWs from the cuts, what it'll do is encourage companies to stay and encourage new ones to come here or old ones to come back. Guess what that does? It boosthe economy. It brings back jobs. Gets people back to work. Do you hate when people work?
12-19-2017 11:00 AM
Machiavelli
Back to Reality. Oh there goes Gravity
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RE: In 10 years 53% of tax payers will be paying more in taxes.
Not at all. I posted a while back rig counts and jobs from the oil service industry. The two lines used to correlate. Now there is a disconnect. We are becoming automated. I do not believe this tax cut will do what you say. This was a straight up boondoggle. The Corker kickback. I was reading carve outs last week that would make all of us puke. Well maybe not you guys because you are team over country but too many Americans. The majority of Americans. The people who do not watch the propaganda arm of the GOP Fox News this is an albatross and a straight up give away to the donor class.
RE: In 10 years 53% of tax payers will be paying more in taxes.
Actually the premise is correct.
In 10 years many tax payers will be paying more in taxes because the economy will be so awesome that we'll all be making, and spending, a lot more money!
RE: In 10 years 53% of tax payers will be paying more in taxes.
(12-19-2017 11:20 AM)Lord Stanley Wrote: Actually the premise is correct.
In 10 years many tax payers will be paying more in taxes because the economy will be so awesome that we'll all be making, and spending, a lot more money!
Thanks Trump!
12-19-2017 11:28 AM
Machiavelli
Back to Reality. Oh there goes Gravity
Posts: 25,179
Joined: Apr 2006
I Root For: BGSU
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RE: In 10 years 53% of tax payers will be paying more in taxes.
You guys said the same thing under Reagan and W. Both times we ended up in a huge recession. Economists blast this tax cut btw. I honestly can't believe people are defending it. IT"S EXACTLY OPPOSITE OF WHAT TRUMP RAN ON!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! He was going to raise taxes on the rich!!!!!!!!!!!!!!!!!!!!!!!!!!!! Are you guys ok with being lied to?