(08-07-2019 07:49 AM)umbluegray Wrote:  More fake news.

The g'ment has been taking less out of my check. That = more take-home pay and I still got a refund last year.

What is fake news?

trump DID promise an additional tax cut before the mid-terms that never happened, nor was EVER going to happen.

This was not about the actual tax reform bill that was passed and signed into law on 12/22/17.

Quote:President donald trump has promised a new middle-income tax cut plan to land days before the midterm election, a move aimed at boosting his party’s chances of holding its Congressional majorities -- yet Republican tax policy-makers know nothing about it.

Party leaders were caught off-guard by trump’s comments, made Saturday after a rally in Nevada, that “we’re looking at a major tax cut for middle income people,” and that House Republicans, including Speaker Paul Ryan, are working on a possible bill.

trump’s surprise announcement came as the fight to control Congress intensifies in the final weeks before the mid-term election. Republicans had hoped the landmark tax overhaul last year would help carry them to victory in the midterms. But the policies -- widely viewed as having mainly helped corporations and the wealthy -- are turning out to be less popular than they thought.

trump's Pre-Election Tax-Cut Promise Leaves GOP Leaders Baffled

My effective tax rate increased from 14% to 15.5%, but i believe that is mostly because I live in high tax Illinois and my local taxes write off was limited to 10k. The increased personal standard deduction did not come close to offsetting that for me.

I have said this before, I do believe the trump tax plan does provide substantial benefit to those lower income working people with the increased personal standard deductions however I also believe the ultra wealthy go too much while folks in the middle like me are paying more.

Query: If we go by world standards, which I am going to postulate as being the breakdown of tax revenues by class in all developed countries, which US income groups are overtaxed and which are undertaxed (IE, which ones pay more than in the rest of the developed world and which ones pay less)?

High income (describe at top 1%, 10%, or 20%, your choice)
Middle income (everybody between top and bottom)
Low income (basically bottom 1/3)

(08-07-2019 03:59 AM)gobluebigjon Wrote:  

(08-06-2019 10:45 PM)Jjoey52 Wrote:  

(08-06-2019 06:06 PM)cb4029 Wrote:  https://www.vox.com/policy-and-politics/...rry-kudlow

Quote:Much like President Donald Trump’s grave concerns about the migrant caravan have dissipated in the wake of the 2018 midterm elections, so has the nebulous middle-class tax cut he made up a couple of weeks before Election Day.

It was always clear this was never going to happen.

President Conman will probably promise you dummies a 50% cut before the next election.

Well, if you got out of your mothers basement and got a job, you too would benefit from the tax cut.


Sent from my iPad using Tapatalk

This was never clever nor funny. May be about time to find new material.

Was not meant to be clever nor funny.


Sent from my iPad using Tapatalk

(08-07-2019 09:16 AM)Redwingtom Wrote:  

(08-07-2019 07:49 AM)umbluegray Wrote:  More fake news.

The g'ment has been taking less out of my check. That = more take-home pay and I still got a refund last year.

What is fake news?

trump DID promise an additional tax cut before the mid-terms that never happened, nor was EVER going to happen.

This was not about the actual tax reform bill that was passed and signed into law on 12/22/17.

Quote:President donald trump has promised a new middle-income tax cut plan to land days before the midterm election, a move aimed at boosting his party’s chances of holding its Congressional majorities -- yet Republican tax policy-makers know nothing about it.

Party leaders were caught off-guard by trump’s comments, made Saturday after a rally in Nevada, that “we’re looking at a major tax cut for middle income people,” and that House Republicans, including Speaker Paul Ryan, are working on a possible bill.

trump’s surprise announcement came as the fight to control Congress intensifies in the final weeks before the mid-term election. Republicans had hoped the landmark tax overhaul last year would help carry them to victory in the midterms. But the policies -- widely viewed as having mainly helped corporations and the wealthy -- are turning out to be less popular than they thought.

trump's Pre-Election Tax-Cut Promise Leaves GOP Leaders Baffled

Sorry. Hadn't heard of it.

Doesn't bother me, though. He did get the initial tax cut pushed through.

But regardless of how much or how little we're taxed, it doesn't matter because I know that Congress (the branch which controls the purse strings) will always spend more money than we take in.

(08-07-2019 11:41 AM)umbluegray Wrote:  

(08-07-2019 09:16 AM)Redwingtom Wrote:  

(08-07-2019 07:49 AM)umbluegray Wrote:  More fake news.

The g'ment has been taking less out of my check. That = more take-home pay and I still got a refund last year.

What is fake news?

trump DID promise an additional tax cut before the mid-terms that never happened, nor was EVER going to happen.

This was not about the actual tax reform bill that was passed and signed into law on 12/22/17.

Quote:President donald trump has promised a new middle-income tax cut plan to land days before the midterm election, a move aimed at boosting his party’s chances of holding its Congressional majorities -- yet Republican tax policy-makers know nothing about it.

Party leaders were caught off-guard by trump’s comments, made Saturday after a rally in Nevada, that “we’re looking at a major tax cut for middle income people,” and that House Republicans, including Speaker Paul Ryan, are working on a possible bill.

trump’s surprise announcement came as the fight to control Congress intensifies in the final weeks before the mid-term election. Republicans had hoped the landmark tax overhaul last year would help carry them to victory in the midterms. But the policies -- widely viewed as having mainly helped corporations and the wealthy -- are turning out to be less popular than they thought.

trump's Pre-Election Tax-Cut Promise Leaves GOP Leaders Baffled

Sorry. Hadn't heard of it.

Doesn't bother me, though. He did get the initial tax cut pushed through.

But regardless of how much or how little we're taxed, it doesn't matter because I know that Congress (the branch which controls the purse strings) will always spend more money than we take in.

As always.

But I am intrigued that you seem to be saying that you don't care if politicians lie or say anything just to win elections.

I'll file that nugget away for future use.

(08-07-2019 12:59 PM)Redwingtom Wrote:  

(08-07-2019 11:41 AM)umbluegray Wrote:  

(08-07-2019 09:16 AM)Redwingtom Wrote:  

(08-07-2019 07:49 AM)umbluegray Wrote:  More fake news.

The g'ment has been taking less out of my check. That = more take-home pay and I still got a refund last year.

What is fake news?

trump DID promise an additional tax cut before the mid-terms that never happened, nor was EVER going to happen.

This was not about the actual tax reform bill that was passed and signed into law on 12/22/17.

Quote:President donald trump has promised a new middle-income tax cut plan to land days before the midterm election, a move aimed at boosting his party’s chances of holding its Congressional majorities -- yet Republican tax policy-makers know nothing about it.

Party leaders were caught off-guard by trump’s comments, made Saturday after a rally in Nevada, that “we’re looking at a major tax cut for middle income people,” and that House Republicans, including Speaker Paul Ryan, are working on a possible bill.

trump’s surprise announcement came as the fight to control Congress intensifies in the final weeks before the mid-term election. Republicans had hoped the landmark tax overhaul last year would help carry them to victory in the midterms. But the policies -- widely viewed as having mainly helped corporations and the wealthy -- are turning out to be less popular than they thought.

trump's Pre-Election Tax-Cut Promise Leaves GOP Leaders Baffled

Sorry. Hadn't heard of it.

Doesn't bother me, though. He did get the initial tax cut pushed through.

But regardless of how much or how little we're taxed, it doesn't matter because I know that Congress (the branch which controls the purse strings) will always spend more money than we take in.

As always.

But I am intrigued that you seem to be saying that you don't care if politicians lie or say anything just to win elections.

I'll file that nugget away for future use.

Actually, I didn't say I didn't care.

But, I know it happens. I don't like it. In fact, they shouldn't do it.

And you can definitely file away the fact that I don't like it and use it for future use.

Because I don't like it now, I won't like it then and I didn't like it in the past. Especially the part about my healthcare costing less when in fact it has gotten quite expensive.


But here's something I do care about.

Let's say Trump lied. I don't think it's too far out on a limb to go there.

Should I support the politician that lied to me but whose policies I like or should I support his opponent who lied to me but whose policies I oppose?


For example... federal judges. If Trump walked up to me and spit in my face and then turned around and appointed a pro-life judge, I'd ask him to spit in my face again.

(08-06-2019 06:06 PM)cb4029 Wrote:  https://www.vox.com/policy-and-politics/...rry-kudlow

Quote:Much like President Donald Trump’s grave concerns about the migrant caravan have dissipated in the wake of the 2018 midterm elections, so has the nebulous middle-class tax cut he made up a couple of weeks before Election Day.

It was always clear this was never going to happen.

President Conman will probably promise you dummies a 50% cut before the next election.

If you haven't got yours that's because it wasn't supposed to cut the taxes of the welfare class.

or you live in a state that has high local and state taxes. That ain't my problem.

(08-07-2019 03:59 AM)gobluebigjon Wrote:  

(08-06-2019 10:45 PM)Jjoey52 Wrote:  

(08-06-2019 06:06 PM)cb4029 Wrote:  https://www.vox.com/policy-and-politics/...rry-kudlow

Quote:Much like President Donald Trump’s grave concerns about the migrant caravan have dissipated in the wake of the 2018 midterm elections, so has the nebulous middle-class tax cut he made up a couple of weeks before Election Day.

It was always clear this was never going to happen.

President Conman will probably promise you dummies a 50% cut before the next election.

Well, if you got out of your mothers basement and got a job, you too would benefit from the tax cut.


Sent from my iPad using Tapatalk

This was never clever nor funny. May be about time to find new material.

The truth typically isn't.

(08-07-2019 09:28 AM)BobL Wrote:  My effective tax rate increased from 14% to 15.5%, but i believe that is mostly because I live in high tax Illinois and my local taxes write off was limited to 10k. The increased personal standard deduction did not come close to offsetting that for me.

I have said this before, I do believe the trump tax plan does provide substantial benefit to those lower income working people with the increased personal standard deductions however I also believe the ultra wealthy go too much while folks in the middle like me are paying more.

Sounds to me like your problem isn't the federal tax cut but with the tax policies of the People's Republic of Illinois. My overall tax burden went down.

(08-07-2019 02:40 PM)umbluegray Wrote:  

(08-07-2019 12:59 PM)Redwingtom Wrote:  

(08-07-2019 11:41 AM)umbluegray Wrote:  

(08-07-2019 09:16 AM)Redwingtom Wrote:  

(08-07-2019 07:49 AM)umbluegray Wrote:  More fake news.

The g'ment has been taking less out of my check. That = more take-home pay and I still got a refund last year.

What is fake news?

trump DID promise an additional tax cut before the mid-terms that never happened, nor was EVER going to happen.

This was not about the actual tax reform bill that was passed and signed into law on 12/22/17.

Quote:President donald trump has promised a new middle-income tax cut plan to land days before the midterm election, a move aimed at boosting his party’s chances of holding its Congressional majorities -- yet Republican tax policy-makers know nothing about it.

Party leaders were caught off-guard by trump’s comments, made Saturday after a rally in Nevada, that “we’re looking at a major tax cut for middle income people,” and that House Republicans, including Speaker Paul Ryan, are working on a possible bill.

trump’s surprise announcement came as the fight to control Congress intensifies in the final weeks before the mid-term election. Republicans had hoped the landmark tax overhaul last year would help carry them to victory in the midterms. But the policies -- widely viewed as having mainly helped corporations and the wealthy -- are turning out to be less popular than they thought.

trump's Pre-Election Tax-Cut Promise Leaves GOP Leaders Baffled

Sorry. Hadn't heard of it.

Doesn't bother me, though. He did get the initial tax cut pushed through.

But regardless of how much or how little we're taxed, it doesn't matter because I know that Congress (the branch which controls the purse strings) will always spend more money than we take in.

As always.

But I am intrigued that you seem to be saying that you don't care if politicians lie or say anything just to win elections.

I'll file that nugget away for future use.

Actually, I didn't say I didn't care.

But, I know it happens. I don't like it. In fact, they shouldn't do it.

And you can definitely file away the fact that I don't like it and use it for future use.

Because I don't like it now, I won't like it then and I didn't like it in the past. Especially the part about my healthcare costing less when in fact it has gotten quite expensive.


But here's something I do care about.

Let's say Trump lied. I don't think it's too far out on a limb to go there.

Should I support the politician that lied to me but whose policies I like or should I support his opponent who lied to me but whose policies I oppose?


For example... federal judges. If Trump walked up to me and spit in my face and then turned around and appointed a pro-life judge, I'd ask him to spit in my face again.

I have no problems with that at all. As long as your honest about it.

(08-07-2019 02:46 PM)Kaplony Wrote:  

(08-07-2019 09:28 AM)BobL Wrote:  My effective tax rate increased from 14% to 15.5%, but i believe that is mostly because I live in high tax Illinois and my local taxes write off was limited to 10k. The increased personal standard deduction did not come close to offsetting that for me.

I have said this before, I do believe the trump tax plan does provide substantial benefit to those lower income working people with the increased personal standard deductions however I also believe the ultra wealthy go too much while folks in the middle like me are paying more.

Sounds to me like your problem isn't the federal tax cut but with the tax policies of the People's Republic of Illinois. My overall tax burden went down.

yes because of local taxes as i stated in my post......

(08-07-2019 03:22 PM)Redwingtom Wrote:  

(08-07-2019 02:40 PM)umbluegray Wrote:  

(08-07-2019 12:59 PM)Redwingtom Wrote:  

(08-07-2019 11:41 AM)umbluegray Wrote:  

(08-07-2019 09:16 AM)Redwingtom Wrote:  What is fake news?

trump DID promise an additional tax cut before the mid-terms that never happened, nor was EVER going to happen.

This was not about the actual tax reform bill that was passed and signed into law on 12/22/17.

trump's Pre-Election Tax-Cut Promise Leaves GOP Leaders Baffled

Sorry. Hadn't heard of it.

Doesn't bother me, though. He did get the initial tax cut pushed through.

But regardless of how much or how little we're taxed, it doesn't matter because I know that Congress (the branch which controls the purse strings) will always spend more money than we take in.

As always.

But I am intrigued that you seem to be saying that you don't care if politicians lie or say anything just to win elections.

I'll file that nugget away for future use.

Actually, I didn't say I didn't care.

But, I know it happens. I don't like it. In fact, they shouldn't do it.

And you can definitely file away the fact that I don't like it and use it for future use.

Because I don't like it now, I won't like it then and I didn't like it in the past. Especially the part about my healthcare costing less when in fact it has gotten quite expensive.


But here's something I do care about.

Let's say Trump lied. I don't think it's too far out on a limb to go there.

Should I support the politician that lied to me but whose policies I like or should I support his opponent who lied to me but whose policies I oppose?


For example... federal judges. If Trump walked up to me and spit in my face and then turned around and appointed a pro-life judge, I'd ask him to spit in my face again.

I have no problems with that at all. As long as your honest about it.

Well, honest and realistic.

I truly wish it was the case that politicians -- and people in general, for that matter -- had enough integrity to actually tell the truth.

But they don't.

And that speaks volumes as to why our political landscape is what it is.