Politics

Topic   It's a taxing subject...

Osiris
300 Trade Quintuple Gold Good Trader
16-Nov-2017(#1)
what if we provided a significant corporate tax benefit for companies that raised wages in some additional way over time for all employees? Cut corporate taxes but try to structure those reductions to increase specific economic stimuli?

Holes, issues, unanimous acclaim?
yankees7448
Bronze Good Trader This user is on the site NOW (3 minutes ago)
17-Nov-2017(#2)
Osiris wrote:
> what if we provided a significant corporate tax benefit for companies that raised
> wages in some additional way over time for all employees? Cut corporate taxes but
> try to structure those reductions to increase specific economic stimuli?
>
> Holes, issues, unanimous acclaim?

Probably makes an already complicated tax system more complicated and the Republican goal is to try and streamline things.
Prime
GameTZ Subscriber 250 Trade Quintuple Gold Good Trader Global Trader - willing to trade internationally
20-Nov-2017(#3)
The republican goal is to streamline things hahahahahababahahahahahahahahHahahahahababahahahahahabahahaHahaha.

Endless laughter in perpetuity to the absurdity of such a statement.

Owner of Papa Johns bebunked trickle down just a few days ago "when we make more money we have absolutely zero incentive to share these earnings with our employees"

The Republicans goal is bamboozle folks on the right into being complicit in their own financial demise.
yankees7448
Bronze Good Trader This user is on the site NOW (3 minutes ago)
21-Nov-2017(#4)
hahaha. Yea. That's what they claim anyway.
DiamondDave
GameTZ Subscriber 350 Trade Quintuple Gold Good Trader Has Written 4 Reviews
2-Dec-2017(#5)
Well, the GOP's bragging that they've got the votes to pass their tax hike, and make no mistake, by 2027 it will be a tax hike nearly across the board. They seem pretty happy about this. I'm not sure why, other than making their donors happy. I'll certainly be remembering this in 2020.
Scots
GameTZ Subscriber Triple Gold Good Trader Global Trader - willing to trade internationally
2-Dec-2017(#6)
Bout time we got a tax cut. Concealed carry reciprocity up next!
Osiris
300 Trade Quintuple Gold Good Trader
2-Dec-2017(#7)
What time did this vote take place?
DiamondDave
GameTZ Subscriber 350 Trade Quintuple Gold Good Trader Has Written 4 Reviews
* 2-Dec-2017(#8)
Scots wrote:
> Bout time we got a tax cut.

We will be paying for the corporate tax cuts. You're trolling right? Or do you just not understand how these "cuts" are going to work, when they expire and become hikes, and what they're going to cost us over the next ten years overall?

image
Scots
GameTZ Subscriber Triple Gold Good Trader Global Trader - willing to trade internationally
2-Dec-2017(#9)
DiamondDave wrote:

>> when they expire and
> become hikes

Only if the Dems are in control by then. wink
DiamondDave
GameTZ Subscriber 350 Trade Quintuple Gold Good Trader Has Written 4 Reviews
* 2-Dec-2017(#10)
@Scots No. All the Republicans need to do, and all they obviously want to do because it's the only way this crapty plan they put together actually gets paid for, is allow the cuts to expire in 2027 instead of renewing them. Then you and I get to eat some nice thick tax hikes while the corporate rate cuts stay permanent. Read up.

And again, this is assuming the standard deduction doubling actually covers whatever tax bracket you're placed in. For a lot of people, the cuts aren't cuts at all right at the start, and it gets even worse for them in 2027. And until these corporate cuts actually result in more jobs, something history shows (Reaganomics) is most likely to NOT happen, all of this imagined economic growth that's supposed to also be chipping in and helping us take some chunks out of the debt is just that, imagined.

I'm really begging you guys to educate yourselves on this stuff. Please. VASTLY, shareholders and corporate interests will benefit from this legislation and the majority of the country will be worse for it.

Well, I mean, there's no reason to educate yourselves anymore I suppose, it's over. Now you get to see for yourselves.
Osiris
300 Trade Quintuple Gold Good Trader
* 2-Dec-2017(#11)
i think collins of Maine got 10k deduction of state and local taxes in, not sure what Murkowski, Flake and others senators were able to wrangle. I think the fetus college fund and homo sapiens definitions are out, not sure what else cause no open discussion.
Not sure what bill detail will come out of joint conference committee, i think it will have to be more transparent, you got committee,
senate and house votes to go.

sounds like mcconnell was giving goodies away to get to 51 votes, like to see what those were.
DiamondDave
GameTZ Subscriber 350 Trade Quintuple Gold Good Trader Has Written 4 Reviews
* 2-Dec-2017(#12)
I think every Republican who said they had reservations was ready to vote for it but wanted to get their concessions so they had something to show their constituency in the hopes that they might be able to leverage them for their jobs next election, and that's the only reason they didn't just jump up and say yes. Arizona says they got a "promise from the party and administration to 'work' on concessions and assurances for DACA recipients". Maine got to, quote, request to allow taxpayers to write off up to $10,000 in property taxes paid to state and local governments.

McConnell pledged to support legislation to fund subsidies to insurance companies to help defray costs for low-income consumers. I severely doubt HE will be keeping his job if he follows through on that promise, so consider that one vaporware.

This is nauseating. None of the concessions are binding, they just look good to the lazy casual eye.
Feeb
GameTZ Subscriber Triple Gold Good Trader Global Trader - willing to trade internationally This user is on the site NOW (29 seconds ago)
2-Dec-2017(#13)
I'm ready to revisit the Fairtax.
DiamondDave
GameTZ Subscriber 350 Trade Quintuple Gold Good Trader Has Written 4 Reviews
* 2-Dec-2017(#14)
That's better than this. It'll never happen because of the seniors who already paid income tax basically getting double taxed, regardless of the fact that they're drawing on social security that will not be available when it's time for me to draw on it. But no politician would risk supporting Fair Tax.

But there are so many studies showing that the tax rate would balloon past 23% so quickly that it wouldn't matter, and a similar crowd of people would benefit from it as the new tax hike that just got passed, so who knows if that's even doable. It needs work.
Feeb
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* 2-Dec-2017(#15)
It wasn't so hard for us with just silly high income tax but the healthcare costs have forced me to add another day and a half and my wife is looking for another part time. We'll see what this does short term but it can't help us that much if at all with the numbers we've looked at.
Scots
GameTZ Subscriber Triple Gold Good Trader Global Trader - willing to trade internationally
2-Dec-2017(#16)
Feeb wrote:
> the healthcare costs
> have forced me to add another day and a half and my wife is looking for another part

#ThanksObama
Osiris
300 Trade Quintuple Gold Good Trader
* 2-Dec-2017(#17)
you looking at every friggin tax shelter you can afford? I suspect there will be a surge in retirement savings to offset loss of various deductions but got gotta have the dough to do it. we been maxing IRA contributions last few years.
Osiris
300 Trade Quintuple Gold Good Trader
* 2-Dec-2017(#18)
unfortunately i dont think healthcare costs are deductible anymore too, another disincentive for folks to protect all of us for their unaffordable medical expenses. if you cant pay, the rest of us do. #thankstrump, good job replacing ACA.
ITS COMPLICATED!
Feeb
GameTZ Subscriber Triple Gold Good Trader Global Trader - willing to trade internationally This user is on the site NOW (29 seconds ago)
2-Dec-2017(#19)
Scots wrote:
> Feeb wrote:
>> the healthcare costs
>> have forced me to add another day and a half and my wife is looking for another
> part
>
> #ThanksObama

At this point that response is pretty much assumed. Premiums up this year and will climb again after mandate is dropped.

#comebackobama

Scots
GameTZ Subscriber Triple Gold Good Trader Global Trader - willing to trade internationally
2-Dec-2017(#20)
Obama worst president of my lifetime. Trump second best after Dubbleyew.
Feeb
GameTZ Subscriber Triple Gold Good Trader Global Trader - willing to trade internationally This user is on the site NOW (29 seconds ago)
2-Dec-2017(#21)
Trump needs to have an affair with an intern so his approval goes up.

#38%
Scots
GameTZ Subscriber Triple Gold Good Trader Global Trader - willing to trade internationally
2-Dec-2017(#22)
If you like your taxes, you can keep your taxes.
Feeb
GameTZ Subscriber Triple Gold Good Trader Global Trader - willing to trade internationally This user is on the site NOW (29 seconds ago)
2-Dec-2017(#23)
After one year trump is second best president in your lifetime? Interested in why you'd think this?
Scots
GameTZ Subscriber Triple Gold Good Trader Global Trader - willing to trade internationally
2-Dec-2017(#24)
Mostly all the winning.
Feeb
GameTZ Subscriber Triple Gold Good Trader Global Trader - willing to trade internationally This user is on the site NOW (29 seconds ago)
2-Dec-2017(#25)
I guess I should listen to Limbaugh more.
Osiris
300 Trade Quintuple Gold Good Trader
* 2-Dec-2017(#26)
prezzes
Truman too young to know him
Ike war hero, a kindly man!
JFK very hip
LBJ placeholder
Nixon excellent on foreign policy, ok on domestic, paranoia wrecked it
Ford clumsy nice man football player, placeholder
Carter nice man, ineffective micromanager
Reagan best ive seen, worked with Tip, forced soviet capitulation, very healthy,economy, but tilted toward top end, trickle down doesnt work though
Bush nice man, read my lips
Clinton weasel, not sure why economy did so well, bad at foreign, got lucky
Bush 2 great guy, not as smart as needed, bad advisor choices
Obama loved him, thoughtful, tried to fix stuff
Trump stinks
longhornsk57
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2-Dec-2017(#27)
Feeb wrote:
> I'm ready to revisit the Fairtax.

I'm actually with you all the way on this one. Just get rid of the fudging income tax altogether.
Osiris
300 Trade Quintuple Gold Good Trader
2-Dec-2017(#28)
sure we can do that, make 50 you pay 10, 300 pay 30. You in?
Feeb
GameTZ Subscriber Triple Gold Good Trader Global Trader - willing to trade internationally This user is on the site NOW (29 seconds ago)
2-Dec-2017(#29)
I'd just stop buying everything but beer.

Might as well call it Beertax.
DiamondDave
GameTZ Subscriber 350 Trade Quintuple Gold Good Trader Has Written 4 Reviews
* 2-Dec-2017(#30)
Scots wrote:
> Mostly all the winning.

"I can't actually quantify any way my life is improving through any effort of Trump because it isn't so I'll just stick to hard trolling, at least that makes me smile for a few minutes"
longhornsk57
GameTZ Subscriber Triple Gold Good Trader Global Trader - willing to trade internationally This user is on the site NOW (1 minute ago) Secret Santa
2-Dec-2017(#31)
Feeb wrote:
> I'd just stop buying everything but beer.
>
> Might as well call it Beertax.

Yeah.

Beertax and Tacotax. Fudge the rest.
Prime
GameTZ Subscriber 250 Trade Quintuple Gold Good Trader Global Trader - willing to trade internationally
2-Dec-2017(#32)
Tech industry was coming of age under Clinton that's why his economy did so well. Before trump did more to destroy America than any other president in my lifetime.
Osiris
300 Trade Quintuple Gold Good Trader
3-Dec-2017(#33)
Wondering if the trump base is just happy to get a piece of the tax reduction pie, and don't care how the pot was split. AMT, passthrough, and other provisions specifically for wealthier citizens aren't something that gets their attention.

Would have been nice to make sure folks under 150K or so family income got more benefit since we are all going to deal with the debt caused by this.
Feeb
GameTZ Subscriber Triple Gold Good Trader Global Trader - willing to trade internationally This user is on the site NOW (29 seconds ago)
3-Dec-2017(#34)
Since we pay for everything. Yes.
yankees7448
Bronze Good Trader This user is on the site NOW (3 minutes ago)
* 3-Dec-2017(#35)
Osiris wrote:
> Wondering if the trump base is just happy to get a piece of the tax reduction pie,
> and don't care how the pot was split. AMT, passthrough, and other provisions specifically
> for wealthier citizens aren't something that gets their attention.
>
> Would have been nice to make sure folks under 150K or so family income got more benefit
> since we are all going to deal with the debt caused by this.

I just wish Republicans would stop pretending tax cuts for the wealthy and big corporations drive the economy. If these tax cuts helped the poor and middle class I would be much more supportive. Since their income is so much lower than the wealthy a much higher percentage of their income is spent on necessities (groceries, rent etc.). You let them keep more of their own money their local economy should start to see a boost in sales (helping the small businesses politicians crow about) while also helping to stabilize people who are struggling to pay their rent. If these people are able to make their rent payments easier then they aren't going to end up in a government funded shelter system (thus saving the government money).

The benefits from cutting the taxes of the not well off are real, tangible and can be observed relatively quickly. You can't say any of that about the tax cuts Republicans pushed through.
Dustin
GameTZ Subscriber 650 Trade Quintuple Gold Good Trader Global Trader - willing to trade internationally This user is on the site NOW (3 minutes ago)
3-Dec-2017(#36)
Super excited to see more money in my paycheck, as promised.
MikeyWhoa
GameTZ Subscriber Double Gold Good Trader
3-Dec-2017(#37)
Who's read the bill? Anybody? Nobody?

Not even the fools who voted yes for it?

Oh, then what are you excited about? Are you a big fan of mystery? Do you get stoked at the idea of your elected officials voting for a bill they are completely oblivious to? Maybe just a big fan of corrupt and disorganized government?

These are rhetorical, not directed at you @Dustin. Just anyone in general who thinks this is somehow a positive.


Dustin wrote:
> Super excited to see more money in my paycheck, as promised.


But this question is for you.

Everyone in America would be happy with more money in their paycheck. At what cost would you draw the line? Is everything on the table for you, as long as it saves you money personally?


Dustin
GameTZ Subscriber 650 Trade Quintuple Gold Good Trader Global Trader - willing to trade internationally This user is on the site NOW (3 minutes ago)
3-Dec-2017(#38)
MikeyWhoa wrote:
> Who's read the bill? Anybody? Nobody?
>
> Not even the fools who voted yes for it?
>
> Oh, then what are you excited about? Are you a big fan of mystery? Do you get stoked
> at the idea of your elected officials voting for a bill they are completely oblivious
> to? Maybe just a big fan of corrupt and disorganized government?
>
> These are rhetorical, not directed at you @Dustin. Just anyone in general who thinks
> this is somehow a positive.
>

I googled "how does the tax plan affect me" or something like that. It showed my income bracket paying less taxes by $xxxx per year. I like that. Maybe it was bullcrap, I don't know. I know that I certainly don't have the time, desire or knowledge to read the entire thing and comprehend it all. I'm guessing most people don't, even those internet tax experts claiming it's bad.

>
> Dustin wrote:
>> Super excited to see more money in my paycheck, as promised.
>
>
> But this question is for you.
>
> Everyone in America would be happy with more money in their paycheck. At what cost
> would you draw the line? Is everything on the table for you, as long as it saves
> you money personally?
>
>
>

That's an extremely ambiguous question. I'm not really sure what you mean as the question would have to be a lot more specific. Obviously there's a line drawn many places.
DiamondDave
GameTZ Subscriber 350 Trade Quintuple Gold Good Trader Has Written 4 Reviews
* 3-Dec-2017(#39)
Dustin wrote:
> I googled "how does the tax plan affect me" or something like that. It showed my
> income bracket paying less taxes by $xxxx per year. I like that. Maybe it was bullcrap,
> I don't know. I know that I certainly don't have the time, desire or knowledge to
> read the entire thing and comprehend it all. I'm guessing most people don't, even
> those internet tax experts claiming it's bad.
>

Or the people signing it into law. Just like the butt-holes who signed the ACA into law.

That doesn't bother the crap out of you? This psycho cycle of blind-drunk-drive bullcrap? You're just going to buy what the politicians are selling you and ignore the people who are actually employed in the field and let the lobbyists write us into the poor house to make the rich richer?

Hahahaha. Why? That sounds so insane to me.
Dustin
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3-Dec-2017(#40)
We need this tax law to try and replace the money the ACA is taking from us!
Dustin
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3-Dec-2017(#41)
See republicans be looking out for the middle class.
DiamondDave
GameTZ Subscriber 350 Trade Quintuple Gold Good Trader Has Written 4 Reviews
3-Dec-2017(#42)
It's not your money, the government prints it. They're just taking it back.
Feeb
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4-Dec-2017(#43)


It's not Law. Long way to go. Your paycheck won't change until it is.
DiamondDave
GameTZ Subscriber 350 Trade Quintuple Gold Good Trader Has Written 4 Reviews
4-Dec-2017(#44)
You'd be retarded to change your withholding even once it is in law, since there's a nonzero chance that your taxes will actually be going up.
Osiris
300 Trade Quintuple Gold Good Trader
* 4-Dec-2017(#45)
I would imagine changes go into effect 2019 tax year? So people can plan accordingly.

It is bad that most of the pot of tax benefits go to larger, richer entities, but everybody likes candy, yes?

It's going to be like I got my $600, why should I care if others got $6000, $60000?

Long term economic and deficit consequences are not something most Americans think about much.

People get actual paychecks weekly? How quaint!
DiamondDave
GameTZ Subscriber 350 Trade Quintuple Gold Good Trader Has Written 4 Reviews
4-Dec-2017(#46)
...it just occurred to me how stupid this financial system is in basis. The government prints money, circulates it, companies dole it out to people based on some arbitrary valuation of the labor they produce, which the government effectively takes some of that labor valuation, which means nothing to them, to use the labor you've produced to pay towards its astronomical loans for the goods and services they render unto themselves.

Maybe we SHOULD bring on the Star Trek socialism already. This is kinda fudgeed.
Feeb
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4-Dec-2017(#47)
We're draining the swamp.
longhornsk57
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4-Dec-2017(#48)
DiamondDave wrote:
> ...it just occurred to me how stupid this financial system is in basis. The government
> prints money, circulates it, companies dole it out to people based on some arbitrary
> valuation of the labor they produce, which the government effectively takes some
> of that labor valuation, which means nothing to them, to use the labor you've produced
> to pay towards its astronomical loans for the goods and services they render unto
> themselves.
>
> Maybe we SHOULD bring on the Star Trek socialism already. This is kinda fudgeed.

That's not how it works at all.
DiamondDave
GameTZ Subscriber 350 Trade Quintuple Gold Good Trader Has Written 4 Reviews
* 4-Dec-2017(#49)
I never said I was an economist, but that may be the least helpful post ever.

That's how I see it. Anything to add?

Topic   It's a taxing subject...