Current Events > Tax cuts to boost standard deduction to $12,000 for singles, $24,000 for couples

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Arcturus1121 04/26/17 5:17:45 PM #51:	fenderbender321 posted... fire_bolt posted... >Cutting significant taxes >Budget proposal includes increases to military spending Guess we're getting more loans from China to fund that army we've been threatening them with, huh Donny? Yeah but who has the real upper hand? China can only afford to loan us the money because the US buys so many products from them...if we stopped doing that, their country would tank. Then again, so would ours if they're funding our deficit....my head hurts. Yeah it is confusing, like what would happen if China asked us to cash in on that debt? --- [l][l][l][l][l][l][l][l][l][l][l][l][l][l][l][l][l][l][l][l] <cite>Arcturus1121 posted [p:877958104] in Tax cuts t... [t:75281147]...</cite> <quote><cite>fenderbender321 posted...</cite> <quote><cite>fire_bolt posted...</cite> <quote>>Cutting significant taxes >Budget proposal includes increases to military spending Guess we're getting more loans from China to fund that army we've been threatening them with, huh Donny?</quote> Yeah but who has the real upper hand? China can only afford to loan us the money because the US buys so many products from them...if we stopped doing that, their country would tank. Then again, so would ours if they're funding our deficit....my head hurts.</quote> Yeah it is confusing, like what would happen if China asked us to cash in on that debt?</quote> ... Copied to Clipboard!
meingott 04/26/17 5:30:27 PM #52:	Can someone please tell me if sktgamer_13dude has demo'd his trademark illiteracy in this topic yet? --- These people are literally ignorant of the law. It's astounding. As the situation escalates I will come out victorious. - DawkinsNumber4 <cite>meingott posted [p:877958990] in Tax cuts t... [t:75281147]...</cite> <quote>Can someone please tell me if sktgamer_13dude has demo'd his trademark illiteracy in this topic yet?</quote> ... Copied to Clipboard!
SK8T3R215 04/26/17 5:34:02 PM #53:	Arcturus1121 posted... fenderbender321 posted... fire_bolt posted... >Cutting significant taxes >Budget proposal includes increases to military spending Guess we're getting more loans from China to fund that army we've been threatening them with, huh Donny? Yeah but who has the real upper hand? China can only afford to loan us the money because the US buys so many products from them...if we stopped doing that, their country would tank. Then again, so would ours if they're funding our deficit....my head hurts. Yeah it is confusing, like what would happen if China asked us to cash in on that debt? You realize Japan holds more of our debt than China, right? And they can't just demand we pay on notes that aren't at maturity. --- New York Knicks, New York Jets, New York Yankees. <cite>SK8T3R215 posted [p:877959224] in Tax cuts t... [t:75281147]...</cite> <quote><cite>Arcturus1121 posted...</cite> <quote><cite>fenderbender321 posted...</cite> <quote><cite>fire_bolt posted...</cite> <quote>>Cutting significant taxes >Budget proposal includes increases to military spending Guess we're getting more loans from China to fund that army we've been threatening them with, huh Donny?</quote> Yeah but who has the real upper hand? China can only afford to loan us the money because the US buys so many products from them...if we stopped doing that, their country would tank. Then again, so would ours if they're funding our deficit....my head hurts.</quote> Yeah it is confusing, like what would happen if China asked us to cash in on that debt?</quote> You realize Japan holds more of our debt than China, right? And they can't just demand we pay on notes that aren't at maturity.</quote> ... Copied to Clipboard!
Sativa_Rose 04/26/17 5:41:16 PM #54:	Arcturus1121 posted... fenderbender321 posted... fire_bolt posted... >Cutting significant taxes >Budget proposal includes increases to military spending Guess we're getting more loans from China to fund that army we've been threatening them with, huh Donny? Yeah but who has the real upper hand? China can only afford to loan us the money because the US buys so many products from them...if we stopped doing that, their country would tank. Then again, so would ours if they're funding our deficit....my head hurts. Yeah it is confusing, like what would happen if China asked us to cash in on that debt? The way that the US government borrows money (and all governments pretty much) is by issuing bonds. When people say that we owe $X trillion to China, what they really mean is that the Chinese government has bought that much worth of US treasury bonds. The US pays a predetermined amount of money called a "coupon payment" to the owners of these bonds on a periodic basis. The US makes this coupon payment to the bondholder regardless of whether or not that bondholder is a US citizen or a foreign entity who has decided to invest in US treasuries. So the answer is that we're already constantly paying China (and everyone else who owns US treasuries) for that debt. --- I may not go down in history, but I will go down on your sister. <cite>Sativa_Rose posted [p:877959637] in Tax cuts t... [t:75281147]...</cite> <quote><cite>Arcturus1121 posted...</cite> <quote><cite>fenderbender321 posted...</cite> <quote><cite>fire_bolt posted...</cite> <quote>>Cutting significant taxes >Budget proposal includes increases to military spending Guess we're getting more loans from China to fund that army we've been threatening them with, huh Donny?</quote> Yeah but who has the real upper hand? China can only afford to loan us the money because the US buys so many products from them...if we stopped doing that, their country would tank. Then again, so would ours if they're funding our deficit....my head hurts.</quote> Yeah it is confusing, like what would happen if China asked us to cash in on that debt?</quote> The way that the US government borrows money (and all governments pretty much) is by issuing bonds. When people say that we owe $X trillion to China, what they really mean is that the Chinese government has bought that much worth of US treasury bonds. The US pays a predetermined amount of money called a "coupon payment" to the owners of these bonds on a periodic basis. The US makes this coupon payment to the bondholder regardless of whether or not that bondholder is a US citizen or a foreign entity who has decided to invest in US treasuries. So the answer is that we're already constantly paying China (and everyone else who owns US treasuries) for that debt.</quote> ... Copied to Clipboard!
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voldothegr8 04/26/17 5:47:44 PM #56:	Arcturus1121 posted... So we are increasing spending and cutting taxes? How exactly does this help the economy? I know everyone is for lower taxes but come on, you have to see how this is only going to hurt the Country in the long run. This many people can't be this dense right. They are also carving out fat left and right which is why they can do this. MAGA!!! --- Oda break tracker 2017- 3 (2) Super Mario Maker Profile: 1237-0000-0073-02FE <cite>voldothegr8 posted [p:877960033] in Tax cuts t... [t:75281147]...</cite> <quote><cite>Arcturus1121 posted...</cite> <quote>So we are increasing spending and cutting taxes? How exactly does this help the economy? I know everyone is for lower taxes but come on, you have to see how this is only going to hurt the Country in the long run. This many people can't be this dense right.</quote> They are also carving out fat left and right which is why they can do this. MAGA!!!</quote> ... Copied to Clipboard!
Twin3Turbo 04/26/17 5:55:57 PM #57:	SSMajinVegeta2 posted... fenderbender321 posted... Is this confirmed or just speculation? $6,000 less in taxable income is pretty significant for a lot of people. That would put an extra $100-$150 dollars straight back into my pocket per month. How do you figure that? @fenderbender321 like how would this affect someone that's single that makes like 50k a year? Just ran this through my tax calculator, it would save someone making 50k about $1,400 in the 2017 tax year. Would save me about $2,000 --- https://imgflip.com/gif/di4a4 <cite>Twin3Turbo posted [p:877960530] in Tax cuts t... [t:75281147]...</cite> <quote><cite>SSMajinVegeta2 posted...</cite> <quote><cite>fenderbender321 posted...</cite> <quote>Is this confirmed or just speculation? $6,000 less in taxable income is pretty significant for a lot of people. That would put an extra $100-$150 dollars straight back into my pocket per month.</quote> How do you figure that? @fenderbender321 like how would this affect someone that's single that makes like 50k a year?</quote> Just ran this through my tax calculator, it would save someone making 50k about $1,400 in the 2017 tax year. Would save me about $2,000</quote> ... Copied to Clipboard!
pegusus123456 04/26/17 5:56:44 PM #58:	This come across to me as lowering individual taxes along with corporate taxes just so that when democrats reject it for the cuts to corporate, Trump and the republicans can say, "The Democrats don't care about poor/middle class people, they rejected a tax cut for them!" --- http://i.imgur.com/Er6TT.gif http://i.imgur.com/Er6TT.gif http://i.imgur.com/Er6TT.gif http://i.imgur.com/Er6TT.gif <cite>pegusus123456 posted [p:877960587] in Tax cuts t... [t:75281147]...</cite> <quote>This come across to me as lowering individual taxes along with corporate taxes just so that when democrats reject it for the cuts to corporate, Trump and the republicans can say, "The Democrats don't care about poor/middle class people, they rejected a tax cut for them!"</quote> ... Copied to Clipboard!
wah_wah_wah 04/26/17 5:59:07 PM #59:	It is finally, at long last, getting to why anyone ever voted for the President in the first place. It is also basically an admission, "Fuck it, let's just get to bankruptcy as fast as possible" <cite>wah_wah_wah posted [p:877960735] in Tax cuts t... [t:75281147]...</cite> <quote>It is finally, at long last, getting to why anyone ever voted for the President in the first place. It is also basically an admission, "Fuck it, let's just get to bankruptcy as fast as possible"</quote> ... Copied to Clipboard!
Borgnar 04/26/17 5:59:57 PM #60:	remember guys, trump won't turn america into a wasteland during his term, the effects will be felt long after he's gone <cite>Borgnar posted [p:877960795] in Tax cuts t... [t:75281147]...</cite> <quote>remember guys, trump won't turn america into a wasteland during his term, the effects will be felt long after he's gone</quote> ... Copied to Clipboard!
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Squall28 04/26/17 6:31:08 PM #62:	meingott posted... Imagine being against this lmao Imagine thinking tax cuts don't have repercussions --- If you're going through hell, keep going. -Winston Churchill <cite>Squall28 posted [p:877962764] in Tax cuts t... [t:75281147]...</cite> <quote><cite>meingott posted...</cite> <quote>Imagine being against this lmao</quote> Imagine thinking tax cuts don't have repercussions</quote> ... Copied to Clipboard!
Arcturus1121 04/26/17 6:33:14 PM #63:	voldothegr8 posted... Arcturus1121 posted... So we are increasing spending and cutting taxes? How exactly does this help the economy? I know everyone is for lower taxes but come on, you have to see how this is only going to hurt the Country in the long run. This many people can't be this dense right. They are also carving out fat left and right which is why they can do this. MAGA!!! You can cut all the fat you want, I didn't say anything about this. Spending will most likely still be increased. --- [l][l][l][l][l][l][l][l][l][l][l][l][l][l][l][l][l][l][l][l] <cite>Arcturus1121 posted [p:877962882] in Tax cuts t... [t:75281147]...</cite> <quote><cite>voldothegr8 posted...</cite> <quote><cite>Arcturus1121 posted...</cite> <quote>So we are increasing spending and cutting taxes? How exactly does this help the economy? I know everyone is for lower taxes but come on, you have to see how this is only going to hurt the Country in the long run. This many people can't be this dense right.</quote> They are also carving out fat left and right which is why they can do this. MAGA!!!</quote> You can cut all the fat you want, I didn't say anything about this. Spending will most likely still be increased.</quote> ... Copied to Clipboard!
OmegaVideoGameG 04/26/17 6:34:13 PM #64:	Democrats and Republicans will continue to screw the people over, we've seen this too many times. --- My Youtube channel - https://www.youtube.com/channel/UCvAKSZj_4veP6V--pSoP61A <cite>OmegaVideoGameG posted [p:877962947] in Tax cuts t... [t:75281147]...</cite> <quote>Democrats and Republicans will continue to screw the people over, we've seen this too many times.</quote> ... Copied to Clipboard!
Arcturus1121 04/26/17 6:36:09 PM #65:	SK8T3R215 posted... Arcturus1121 posted... fenderbender321 posted... fire_bolt posted... >Cutting significant taxes >Budget proposal includes increases to military spending Guess we're getting more loans from China to fund that army we've been threatening them with, huh Donny? Yeah but who has the real upper hand? China can only afford to loan us the money because the US buys so many products from them...if we stopped doing that, their country would tank. Then again, so would ours if they're funding our deficit....my head hurts. Yeah it is confusing, like what would happen if China asked us to cash in on that debt? You realize Japan holds more of our debt than China, right? And they can't just demand we pay on notes that aren't at maturity. I was asking about China though, they both hold a substantially amount of owed money. Also, are these a different type of note? I'm pretty sure you can cash them in whenever, they are just worth less money until fully matured. --- [l][l][l][l][l][l][l][l][l][l][l][l][l][l][l][l][l][l][l][l] <cite>Arcturus1121 posted [p:877963060] in Tax cuts t... [t:75281147]...</cite> <quote><cite>SK8T3R215 posted...</cite> <quote><cite>Arcturus1121 posted...</cite> <quote><cite>fenderbender321 posted...</cite> <quote><cite>fire_bolt posted...</cite> <quote>>Cutting significant taxes >Budget proposal includes increases to military spending Guess we're getting more loans from China to fund that army we've been threatening them with, huh Donny?</quote> Yeah but who has the real upper hand? China can only afford to loan us the money because the US buys so many products from them...if we stopped doing that, their country would tank. Then again, so would ours if they're funding our deficit....my head hurts.</quote> Yeah it is confusing, like what would happen if China asked us to cash in on that debt?</quote> You realize Japan holds more of our debt than China, right? And they can't just demand we pay on notes that aren't at maturity.</quote> I was asking about China though, they both hold a substantially amount of owed money. Also, are these a different type of note? I'm pretty sure you can cash them in whenever, they are just worth less money until fully matured.</quote> ... Copied to Clipboard!
Arcturus1121 04/26/17 6:37:02 PM #66:	Sativa_Rose posted... Arcturus1121 posted... fenderbender321 posted... fire_bolt posted... >Cutting significant taxes >Budget proposal includes increases to military spending Guess we're getting more loans from China to fund that army we've been threatening them with, huh Donny? Yeah but who has the real upper hand? China can only afford to loan us the money because the US buys so many products from them...if we stopped doing that, their country would tank. Then again, so would ours if they're funding our deficit....my head hurts. Yeah it is confusing, like what would happen if China asked us to cash in on that debt? The way that the US government borrows money (and all governments pretty much) is by issuing bonds. When people say that we owe $X trillion to China, what they really mean is that the Chinese government has bought that much worth of US treasury bonds. The US pays a predetermined amount of money called a "coupon payment" to the owners of these bonds on a periodic basis. The US makes this coupon payment to the bondholder regardless of whether or not that bondholder is a US citizen or a foreign entity who has decided to invest in US treasuries. So the answer is that we're already constantly paying China (and everyone else who owns US treasuries) for that debt. This is a solid answer. Thank you --- [l][l][l][l][l][l][l][l][l][l][l][l][l][l][l][l][l][l][l][l] <cite>Arcturus1121 posted [p:877963098] in Tax cuts t... [t:75281147]...</cite> <quote><cite>Sativa_Rose posted...</cite> <quote><cite>Arcturus1121 posted...</cite> <quote><cite>fenderbender321 posted...</cite> <quote><cite>fire_bolt posted...</cite> <quote>>Cutting significant taxes >Budget proposal includes increases to military spending Guess we're getting more loans from China to fund that army we've been threatening them with, huh Donny?</quote> Yeah but who has the real upper hand? China can only afford to loan us the money because the US buys so many products from them...if we stopped doing that, their country would tank. Then again, so would ours if they're funding our deficit....my head hurts.</quote> Yeah it is confusing, like what would happen if China asked us to cash in on that debt?</quote> The way that the US government borrows money (and all governments pretty much) is by issuing bonds. When people say that we owe $X trillion to China, what they really mean is that the Chinese government has bought that much worth of US treasury bonds. The US pays a predetermined amount of money called a "coupon payment" to the owners of these bonds on a periodic basis. The US makes this coupon payment to the bondholder regardless of whether or not that bondholder is a US citizen or a foreign entity who has decided to invest in US treasuries. So the answer is that we're already constantly paying China (and everyone else who owns US treasuries) for that debt.</quote> This is a solid answer. Thank you</quote> ... Copied to Clipboard!
HiddenRoar 04/26/17 6:41:05 PM #67:	SK8T3R215 posted... ChromaticAngel posted... meingott posted... ChromaticAngel posted... voldothegr8 posted... Democrats love high taxes so the media will undoubtedly spin this into a bad thing. I am okay with raising the standard deduction. I am not okay with cutting corp tax to 15% that's fucking stupid. It'll allow people to start their own businesses and keep more earnings, which will stimulate the economy No it won't. It'll benefit Trump's business and allow him to keep more money. And also other people with businesses...? You can tell Chromatic would take the 'Take 5$ option for only myself' instead of the 'Take 1$, Everyone else on CE get $100' <cite>HiddenRoar posted [p:877963320] in Tax cuts t... [t:75281147]...</cite> <quote><cite>SK8T3R215 posted...</cite> <quote><cite>ChromaticAngel posted...</cite> <quote><cite>meingott posted...</cite> <quote><cite>ChromaticAngel posted...</cite> <quote><cite>voldothegr8 posted...</cite> <quote>Democrats love high taxes so the media will undoubtedly spin this into a bad thing.</quote> I am okay with raising the standard deduction. I am not okay with cutting corp tax to 15% that's fucking stupid.</quote> It'll allow people to start their own businesses and keep more earnings, which will stimulate the economy</quote> No it won't. It'll benefit Trump's business and allow him to keep more money.</quote> And also other people with businesses...?</quote> You can tell Chromatic would take the 'Take 5$ option for only myself' instead of the 'Take 1$, Everyone else on CE get $100'</quote> ... Copied to Clipboard!
HiddenRoar 04/26/17 6:45:58 PM #68:	pegusus123456 posted... This come across to me as lowering individual taxes along with corporate taxes just so that when democrats reject it for the cuts to corporate, Trump and the republicans can say, "The Democrats don't care about poor/middle class people, they rejected a tax cut for them!" Oh, the same tactic that Bernie tried to do with his free college plan earlier this month that CE liberals spun as 'Well if Republicans reject it, then Democrats can say 'The Republicans don't care about poor/middle class people, they rejected free college for them!' <cite>HiddenRoar posted [p:877963601] in Tax cuts t... [t:75281147]...</cite> <quote><cite>pegusus123456 posted...</cite> <quote>This come across to me as lowering individual taxes along with corporate taxes just so that when democrats reject it for the cuts to corporate, Trump and the republicans can say, "The Democrats don't care about poor/middle class people, they rejected a tax cut for them!"</quote> Oh, the same tactic that Bernie tried to do with his free college plan earlier this month that CE liberals spun as 'Well if Republicans reject it, then Democrats can say 'The Republicans don't care about poor/middle class people, they rejected free college for them!'</quote> ... Copied to Clipboard!
twitterfriends 04/26/17 6:49:04 PM #69:	More than a 60% tax cut for large corporations and eliminates inherentance tax, yep, Trump is totally looking out for the everyday American. --- #NotMyPresident #JusticeDemocrats #PathOfExile #WolfPAC #FireBannon #WeAre12 #12thMan #Seahawks #Belieber #UBI #PokemonGo #twitterfriends #MMA #PopularHashtags <cite>twitterfriends posted [p:877963778] in Tax cuts t... [t:75281147]...</cite> <quote>More than a 60% tax cut for large corporations and eliminates inherentance tax, yep, Trump is totally looking out for the everyday American.</quote> ... Copied to Clipboard!
fire_bolt 04/26/17 6:50:41 PM #70:	fenderbender321 posted... fire_bolt posted... >Cutting significant taxes >Budget proposal includes increases to military spending Guess we're getting more loans from China to fund that army we've been threatening them with, huh Donny? Yeah but who has the real upper hand? China can only afford to loan us the money because the US buys so many products from them...if we stopped doing that, their country would tank. Then again, so would ours if they're funding our deficit....my head hurts. Honestly, this exact dynamic is the reason I always say the US only needs to give a fuck about what maybe 3 other countries in the world think. Everyone else is either so small we can ignore them, has nothing we need and we can ignore them, or is so dependent on us for something that they can't just sanction us outright. Fuck international co-operation. --- If her hips don't break, you didn't "carry" hard enough" -SpunkySix <cite>fire_bolt posted [p:877963875] in Tax cuts t... [t:75281147]...</cite> <quote><cite>fenderbender321 posted...</cite> <quote><cite>fire_bolt posted...</cite> <quote>>Cutting significant taxes >Budget proposal includes increases to military spending Guess we're getting more loans from China to fund that army we've been threatening them with, huh Donny?</quote> Yeah but who has the real upper hand? China can only afford to loan us the money because the US buys so many products from them...if we stopped doing that, their country would tank. Then again, so would ours if they're funding our deficit....my head hurts.</quote> Honestly, this exact dynamic is the reason I always say the US only needs to give a fuck about what maybe 3 other countries in the world think. Everyone else is either so small we can ignore them, has nothing we need and we can ignore them, or is so dependent on us for something that they can't just sanction us outright. Fuck international co-operation.</quote> ... Copied to Clipboard!
SK8T3R215 04/26/17 7:00:27 PM #71:	Arcturus1121 posted... I was asking about China though, they both hold a substantially amount of owed money. Also, are these a different type of note? I'm pretty sure you can cash them in whenever, they are just worth less money until fully matured. They hold like 5% of our debt so it's not substantial and they have been selling their holdings recently in the open market to support the yuan. They can't redeem them with the US Treasury early. --- New York Knicks, New York Jets, New York Yankees. <cite>SK8T3R215 posted [p:877964455] in Tax cuts t... [t:75281147]...</cite> <quote><cite>Arcturus1121 posted...</cite> <quote>I was asking about China though, they both hold a substantially amount of owed money. Also, are these a different type of note? I'm pretty sure you can cash them in whenever, they are just worth less money until fully matured.</quote> They hold like 5% of our debt so it's not substantial and they have been selling their holdings recently in the open market to support the yuan. They can't redeem them with the US Treasury early.</quote> ... Copied to Clipboard!
mario2000 04/26/17 7:02:16 PM #72:	thanks fbumpfh --- Arrrr the SS Goku, Mighty fine boat... -fatmatt Hope Frieza doesn't chuck an Iceberg at the Goku, otherwise it's all over. -Nekoslash <cite>mario2000 posted [p:877964560] in Tax cuts t... [t:75281147]...</cite> <quote>thanks fbumpfh</quote> ... Copied to Clipboard!
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sktgamer_13dude 04/26/17 9:07:44 PM #74:	meingott posted... Can someone please tell me if sktgamer_13dude has demo'd his trademark illiteracy in this topic yet? Awww, someone's upset and literally ignored me cause they can't prove their points! Sad! --- http://i.imgur.com/jWVrg9U.gif http://i.imgur.com/g2efUtT.jpg http://i.imgur.com/5dOwhaP.jpg http://i.imgur.com/LVdqu8J.gif Go Cougs and M's #DI4B <cite>sktgamer_13dude posted [p:877971882] in Tax cuts t... [t:75281147]...</cite> <quote><cite>meingott posted...</cite> <quote>Can someone please tell me if sktgamer_13dude has demo'd his trademark illiteracy in this topic yet?</quote> Awww, someone's upset and literally ignored me cause they can't prove their points! Sad!</quote> ... Copied to Clipboard!
ShinyMuffin 04/26/17 9:29:27 PM #75:	Don't really see the big upset. A lot doesn't apply to me but lower single, lower business, and double allowance all sound good to me. <cite>ShinyMuffin posted [p:877973123] in Tax cuts t... [t:75281147]...</cite> <quote>Don't really see the big upset. A lot doesn't apply to me but lower single, lower business, and double allowance all sound good to me.</quote> ... Copied to Clipboard!
meingott 04/27/17 11:07:51 AM #76:	Squall28 posted... meingott posted... Imagine being against this lmao Imagine thinking tax cuts don't have repercussions lmao imagine being someone who only ever wants taxes to go up --- These people are literally ignorant of the law. It's astounding. As the situation escalates I will come out victorious. - DawkinsNumber4 <cite>meingott posted [p:878002557] in Tax cuts t... [t:75281147]...</cite> <quote><cite>Squall28 posted...</cite> <quote><cite>meingott posted...</cite> <quote>Imagine being against this lmao</quote> Imagine thinking tax cuts don't have repercussions</quote> lmao imagine being someone who only ever wants taxes to go up</quote> ... Copied to Clipboard!
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meingott 04/27/17 11:21:10 AM #78:	Ex-Kefiroth posted... I'm all for raising the standard deduction, but let's not pretend that this is anything other than Trump throwing a relatively insignificant bone to the middle class/poor to distract us from the insane reduction on the corporate tax rate and the elimination of the estate tax, which will allow the ultra-rich to make off like bandits. Anyone can benefit from the lower corporate tax rate and the lower estate tax. It'll make it easier to start and run a business. --- These people are literally ignorant of the law. It's astounding. As the situation escalates I will come out victorious. - DawkinsNumber4 <cite>meingott posted [p:878003297] in Tax cuts t... [t:75281147]...</cite> <quote><cite>Ex-Kefiroth posted...</cite> <quote>I'm all for raising the standard deduction, but let's not pretend that this is anything other than Trump throwing a relatively insignificant bone to the middle class/poor to distract us from the insane reduction on the corporate tax rate and the elimination of the estate tax, which will allow the ultra-rich to make off like bandits.</quote> Anyone can benefit from the lower corporate tax rate and the lower estate tax. It'll make it easier to start and run a business.</quote> ... Copied to Clipboard!
That_Happened 04/27/17 11:46:06 AM #79:	meingott posted... Anyone can benefit from the lower corporate tax rate and the lower estate tax. It'll make it easier to start and run a business. "Anyone" is not capable of starting and running a business. It's like saying "anyone is capable of building a house." Yeah lots of people may be able to if they really put their mind to it and spent some time developing and buying all the necessary tools to do it, but most people aren't going to. Not because they're lazy but because they don't have the time or the ideas or the resources (or they can't take the necessary risks) to do it. Therefore: Ex-Kefiroth posted... I'm all for raising the standard deduction, but let's not pretend that this is anything other than Trump throwing a relatively insignificant bone to the middle class/poor to distract us from the insane reduction on the corporate tax rate and the elimination of the estate tax, which will allow the ultra-rich to make off like bandits. This is correct. --- http://fusionanomaly.net/magnoliabutitdidhappen.jpg <cite>That_Happened posted [p:878004722] in Tax cuts t... [t:75281147]...</cite> <quote><cite>meingott posted...</cite> <quote>Anyone can benefit from the lower corporate tax rate and the lower estate tax. It'll make it easier to start and run a business.</quote> "Anyone" is not capable of starting and running a business. It's like saying "anyone is capable of building a house." Yeah lots of people may be able to if they really put their mind to it and spent some time developing and buying all the necessary tools to do it, but most people aren't going to. Not because they're lazy but because they don't have the time or the ideas or the resources (or they can't take the necessary risks) to do it. Therefore: <cite>Ex-Kefiroth posted...</cite> <quote>I'm all for raising the standard deduction, but let's not pretend that this is anything other than Trump throwing a relatively insignificant bone to the middle class/poor to distract us from the insane reduction on the corporate tax rate and the elimination of the estate tax, which will allow the ultra-rich to make off like bandits.</quote> This is correct.</quote> ... Copied to Clipboard!
meingott 04/27/17 11:52:43 AM #80:	That_Happened posted... "Anyone" is not capable of starting and running a business. It's like saying "anyone is capable of building a house." Yeah lots of people may be able to if they really put their mind to it and spent some time developing and buying all the necessary tools to do it, but most people aren't going to. Not because they're lazy but because they don't have the time or the ideas or the resources (or they can't take the necessary risks) to do it. Therefore: Pointing out exceptions to the rule does not change the rule. A lower corporate tax rate benefits a lot of people, not just the rich. There are people who don't start or maintain a business because the costs of doing business are too high and too steeped in bureaucracy and regulation. --- These people are literally ignorant of the law. It's astounding. As the situation escalates I will come out victorious. - DawkinsNumber4 <cite>meingott posted [p:878005100] in Tax cuts t... [t:75281147]...</cite> <quote><cite>That_Happened posted...</cite> <quote>"Anyone" is not capable of starting and running a business. It's like saying "anyone is capable of building a house." Yeah lots of people may be able to if they really put their mind to it and spent some time developing and buying all the necessary tools to do it, but most people aren't going to. Not because they're lazy but because they don't have the time or the ideas or the resources (or they can't take the necessary risks) to do it. Therefore: </quote> Pointing out exceptions to the rule does not change the rule. A lower corporate tax rate benefits a lot of people, not just the rich. There are people who don't start or maintain a business because the costs of doing business are too high and too steeped in bureaucracy and regulation.</quote> ... Copied to Clipboard!
ChromaticAngel 04/27/17 11:58:21 AM #81:	meingott posted... That_Happened posted... "Anyone" is not capable of starting and running a business. It's like saying "anyone is capable of building a house." Yeah lots of people may be able to if they really put their mind to it and spent some time developing and buying all the necessary tools to do it, but most people aren't going to. Not because they're lazy but because they don't have the time or the ideas or the resources (or they can't take the necessary risks) to do it. Therefore: Pointing out exceptions to the rule does not change the rule. A lower corporate tax rate benefits a lot of people, not just the rich. There are people who don't start or maintain a business because the costs of doing business are too high and too steeped in bureaucracy and regulation. Then maybe instead of rolling back / nullifying the regulations, we just make it so that most regulations just don't apply to small businesses? --- https://puu.sh/tcLsT/24f4611235.png <cite>ChromaticAngel posted [p:878005424] in Tax cuts t... [t:75281147]...</cite> <quote><cite>meingott posted...</cite> <quote><cite>That_Happened posted...</cite> <quote>"Anyone" is not capable of starting and running a business. It's like saying "anyone is capable of building a house." Yeah lots of people may be able to if they really put their mind to it and spent some time developing and buying all the necessary tools to do it, but most people aren't going to. Not because they're lazy but because they don't have the time or the ideas or the resources (or they can't take the necessary risks) to do it. Therefore: </quote> Pointing out exceptions to the rule does not change the rule. A lower corporate tax rate benefits a lot of people, not just the rich. There are people who don't start or maintain a business because the costs of doing business are too high and too steeped in bureaucracy and regulation.</quote> Then maybe instead of rolling back / nullifying the regulations, we just make it so that most regulations just don't apply to small businesses?</quote> ... Copied to Clipboard!
Panthera 04/27/17 12:02:00 PM #82:	ChromaticAngel posted... Then maybe instead of rolling back / nullifying the regulations, we just make it so that most regulations just don't apply to small businesses? Selectively applying regulations to small businesses would be dumb - if a regulation isn't necessary, it isn't necessary for anyone, you don't just impose it on Wal Mart anyway because you don't like them having money. I'm pretty sure most people who support a radical cut on business tax rates believes there are plenty of needless regulations that need to be gotten rid of anyway. --- We clasped our hands, our hands in praise of a conquerors right to tyranny <cite>Panthera posted [p:878005624] in Tax cuts t... [t:75281147]...</cite> <quote><cite>ChromaticAngel posted...</cite> <quote> Then maybe instead of rolling back / nullifying the regulations, we just make it so that most regulations just don't apply to small businesses?</quote> Selectively applying regulations to small businesses would be dumb - if a regulation isn't necessary, it isn't necessary for anyone, you don't just impose it on Wal Mart anyway because you don't like them having money. I'm pretty sure most people who support a radical cut on business tax rates believes there are plenty of needless regulations that need to be gotten rid of anyway.</quote> ... Copied to Clipboard!
That_Happened 04/27/17 12:06:10 PM #83:	meingott posted... That_Happened posted... "Anyone" is not capable of starting and running a business. It's like saying "anyone is capable of building a house." Yeah lots of people may be able to if they really put their mind to it and spent some time developing and buying all the necessary tools to do it, but most people aren't going to. Not because they're lazy but because they don't have the time or the ideas or the resources (or they can't take the necessary risks) to do it. Therefore: Pointing out exceptions to the rule does not change the rule. A lower corporate tax rate benefits a lot of people, not just the rich. There are people who don't start or maintain a business because the costs of doing business are too high and too steeped in bureaucracy and regulation. Changing one of the many hurdles of opening a business does not suddenly open the door for a significant number of people to become business owners. Also, it doesn't change the fact that: Ex-Kefiroth posted... this is Trump throwing a relatively insignificant bone to the middle class/poor to distract us from the insane reduction on the corporate tax rate and the elimination of the estate tax, which will allow the ultra-rich to make off like bandits. I know you think the world revolves around you and your personal situation but it's a lot easier for those of us who are able to consider anyone but themselves to see what's really going on here. --- http://fusionanomaly.net/magnoliabutitdidhappen.jpg <cite>That_Happened posted [p:878005821] in Tax cuts t... [t:75281147]...</cite> <quote><cite>meingott posted...</cite> <quote><cite>That_Happened posted...</cite> <quote>"Anyone" is not capable of starting and running a business. It's like saying "anyone is capable of building a house." Yeah lots of people may be able to if they really put their mind to it and spent some time developing and buying all the necessary tools to do it, but most people aren't going to. Not because they're lazy but because they don't have the time or the ideas or the resources (or they can't take the necessary risks) to do it. Therefore: </quote> Pointing out exceptions to the rule does not change the rule. A lower corporate tax rate benefits a lot of people, not just the rich. There are people who don't start or maintain a business because the costs of doing business are too high and too steeped in bureaucracy and regulation.</quote> Changing one of the many hurdles of opening a business does not suddenly open the door for a significant number of people to become business owners. Also, it doesn't change the fact that: <cite>Ex-Kefiroth posted...</cite> <quote>this is Trump throwing a relatively insignificant bone to the middle class/poor to distract us from the insane reduction on the corporate tax rate and the elimination of the estate tax, which will allow the ultra-rich to make off like bandits.</quote> I know you think the world revolves around you and your personal situation but it's a lot easier for those of us who are able to consider anyone but themselves to see what's really going on here.</quote> ... Copied to Clipboard!
Questionmarktarius 04/27/17 12:09:00 PM #84:	meingott posted... Raising the standard deduction like that would really benefit the lower and middle classes. I don't see why Democrats would be opposed to that. Because Trump said it. It's the same reason the democrats claim spending a trillion on infrastructure is "bad". <cite>Questionmarktarius posted [p:878005993] in Tax cuts t... [t:75281147]...</cite> <quote><cite>meingott posted...</cite> <quote>Raising the standard deduction like that would really benefit the lower and middle classes. I don't see why Democrats would be opposed to that.</quote> Because Trump said it. It's the same reason the democrats claim spending a trillion on infrastructure is "bad".</quote> ... Copied to Clipboard!
meingott 04/27/17 12:10:30 PM #85:	That_Happened, step up on your main. Anyway, there's nothing wrong with lowering the corporate tax rate and enabling more people to succeed. Shitposting doesn't change that fact, no matter how hard people on CE want to shitpost. If this was being done by a Democrat, yall would still be on your knees in worship. --- These people are literally ignorant of the law. It's astounding. As the situation escalates I will come out victorious. - DawkinsNumber4 <cite>meingott posted [p:878006083] in Tax cuts t... [t:75281147]...</cite> <quote>That_Happened, step up on your main. Anyway, there's nothing wrong with lowering the corporate tax rate and enabling more people to succeed. Shitposting doesn't change that fact, no matter how hard people on CE want to shitpost. If this was being done by a Democrat, yall would still be on your knees in worship.</quote> ... Copied to Clipboard!
fire_bolt 04/27/17 1:37:05 PM #86:	meingott posted... That_Happened, step up on your main. Anyway, there's nothing wrong with lowering the corporate tax rate and enabling more people to succeed. Shitposting doesn't change that fact, no matter how hard people on CE want to shitpost. If this was being done by a Democrat, yall would still be on your knees in worship. Um, yes there is? The government is going to lose a sizable chunk of its operating budget and those new bombers aren't going to pay for themselves. The country is about to gain a sizable chunk of debt so that Trump and his friends can pay even less taxes than they do now. Not to mention the Estate tax change literally only helps the richest 1% of people, who could easily afford the tax. --- If her hips don't break, you didn't "carry" hard enough" -SpunkySix <cite>fire_bolt posted [p:878011249] in Tax cuts t... [t:75281147]...</cite> <quote><cite>meingott posted...</cite> <quote>That_Happened, step up on your main. Anyway, there's nothing wrong with lowering the corporate tax rate and enabling more people to succeed. Shitposting doesn't change that fact, no matter how hard people on CE want to shitpost. If this was being done by a Democrat, yall would still be on your knees in worship.</quote> Um, yes there is? The government is going to lose a sizable chunk of its operating budget and those new bombers aren't going to pay for themselves. The country is about to gain a sizable chunk of debt so that Trump and his friends can pay even less taxes than they do now. Not to mention the Estate tax change literally only helps the richest 1% of people, who could easily afford the tax.</quote> ... Copied to Clipboard!
TheBestPostr 04/27/17 1:38:12 PM #87:	voldothegr8 posted... Democrats love high taxes so the media will undoubtedly spin this into a bad thing. <cite>TheBestPostr posted [p:878011311] in Tax cuts t... [t:75281147]...</cite> <quote><cite>voldothegr8 posted...</cite> <quote>Democrats love high taxes so the media will undoubtedly spin this into a bad thing.</quote></quote> ... Copied to Clipboard!
meingott 04/27/17 1:38:28 PM #88:	fire_bolt posted... meingott posted... That_Happened, step up on your main. Anyway, there's nothing wrong with lowering the corporate tax rate and enabling more people to succeed. Shitposting doesn't change that fact, no matter how hard people on CE want to shitpost. If this was being done by a Democrat, yall would still be on your knees in worship. Um, yes there is? The government is going to lose a sizable chunk of its operating budget and those new bombers aren't going to pay for themselves. The country is about to gain a sizable chunk of debt so that Trump and his friends can pay even less taxes than they do now. Not to mention the Estate tax change literally only helps the richest 1% of people, who could easily afford the tax. The government has to tighten its belt. No other way around it. We can't keep living with a government that only ever increases its spending and the taxation. --- These people are literally ignorant of the law. It's astounding. As the situation escalates I will come out victorious. - DawkinsNumber4 <cite>meingott posted [p:878011332] in Tax cuts t... [t:75281147]...</cite> <quote><cite>fire_bolt posted...</cite> <quote><cite>meingott posted...</cite> <quote>That_Happened, step up on your main. Anyway, there's nothing wrong with lowering the corporate tax rate and enabling more people to succeed. Shitposting doesn't change that fact, no matter how hard people on CE want to shitpost. If this was being done by a Democrat, yall would still be on your knees in worship.</quote> Um, yes there is? The government is going to lose a sizable chunk of its operating budget and those new bombers aren't going to pay for themselves. The country is about to gain a sizable chunk of debt so that Trump and his friends can pay even less taxes than they do now. Not to mention the Estate tax change literally only helps the richest 1% of people, who could easily afford the tax.</quote> The government has to tighten its belt. No other way around it. We can't keep living with a government that only ever increases its spending and the taxation.</quote> ... Copied to Clipboard!
Darkman124 04/27/17 1:39:30 PM #89:	Questionmarktarius posted... Because Trump said it. It's the same reason the democrats claim spending a trillion on infrastructure is "bad". dems actually said that was the one part of his agenda they were open to it's clear now that the infrastructure spending bill is never going to happen though --- And when the hourglass has run out, eternity asks you about only one thing: whether you have lived in despair or not. <cite>Darkman124 posted [p:878011403] in Tax cuts t... [t:75281147]...</cite> <quote><cite>Questionmarktarius posted...</cite> <quote>Because Trump said it. It's the same reason the democrats claim spending a trillion on infrastructure is "bad". </quote> dems actually said that was the one part of his agenda they were open to it's clear now that the infrastructure spending bill is never going to happen though</quote> ... Copied to Clipboard!
Darkman124 04/27/17 1:42:05 PM #90:	also the big target in all of this is almost assuredly killing the mortgage interest tax break which i think will have severe consequences in the non-commercial housing industry. --- And when the hourglass has run out, eternity asks you about only one thing: whether you have lived in despair or not. <cite>Darkman124 posted [p:878011550] in Tax cuts t... [t:75281147]...</cite> <quote>also the big target in all of this is almost assuredly killing the mortgage interest tax break which i think will have severe consequences in the non-commercial housing industry.</quote> ... Copied to Clipboard!
fire_bolt 04/27/17 1:43:05 PM #91:	meingott posted... fire_bolt posted... meingott posted... That_Happened, step up on your main. Anyway, there's nothing wrong with lowering the corporate tax rate and enabling more people to succeed. Shitposting doesn't change that fact, no matter how hard people on CE want to shitpost. If this was being done by a Democrat, yall would still be on your knees in worship. Um, yes there is? The government is going to lose a sizable chunk of its operating budget and those new bombers aren't going to pay for themselves. The country is about to gain a sizable chunk of debt so that Trump and his friends can pay even less taxes than they do now. Not to mention the Estate tax change literally only helps the richest 1% of people, who could easily afford the tax. The government has to tighten its belt. No other way around it. We can't keep living with a government that only ever increases its spending and the taxation. Except we're not seeing that happening. The proposed budget makes insignificant cuts compared to the loss of revenue. In order to see actual "belt tightening" we'd need to make infrastructure cuts (which means our country falls apart literally), military spending cuts (which are never gonna happen because everyone in Congress would get un-elected in a few years), or cuts to subsidies (which aren't gonna happen because big business lobbies too hard to keep subsidies running). Simple fact is, government NEVER spends less money. --- If her hips don't break, you didn't "carry" hard enough" -SpunkySix <cite>fire_bolt posted [p:878011609] in Tax cuts t... [t:75281147]...</cite> <quote><cite>meingott posted...</cite> <quote><cite>fire_bolt posted...</cite> <quote><cite>meingott posted...</cite> <quote>That_Happened, step up on your main. Anyway, there's nothing wrong with lowering the corporate tax rate and enabling more people to succeed. Shitposting doesn't change that fact, no matter how hard people on CE want to shitpost. If this was being done by a Democrat, yall would still be on your knees in worship.</quote> Um, yes there is? The government is going to lose a sizable chunk of its operating budget and those new bombers aren't going to pay for themselves. The country is about to gain a sizable chunk of debt so that Trump and his friends can pay even less taxes than they do now. Not to mention the Estate tax change literally only helps the richest 1% of people, who could easily afford the tax.</quote> The government has to tighten its belt. No other way around it. We can't keep living with a government that only ever increases its spending and the taxation.</quote> Except we're not seeing that happening. The proposed budget makes insignificant cuts compared to the loss of revenue. In order to see actual "belt tightening" we'd need to make infrastructure cuts (which means our country falls apart literally), military spending cuts (which are never gonna happen because everyone in Congress would get un-elected in a few years), or cuts to subsidies (which aren't gonna happen because big business lobbies too hard to keep subsidies running). Simple fact is, government NEVER spends less money.</quote> ... Copied to Clipboard!
meingott 04/27/17 1:43:23 PM #92:	Darkman124 posted... also the big target in all of this is almost assuredly killing the mortgage interest tax break which i think will have severe consequences in the non-commercial housing industry. people aren't buying or not buying houses based on whether or not they can deduct their mortgage interest. they're buying or not buying houses based on other variables, like accessible lending options and good interest rates on mortgages. --- These people are literally ignorant of the law. It's astounding. As the situation escalates I will come out victorious. - DawkinsNumber4 <cite>meingott posted [p:878011626] in Tax cuts t... [t:75281147]...</cite> <quote><cite>Darkman124 posted...</cite> <quote>also the big target in all of this is almost assuredly killing the mortgage interest tax break which i think will have severe consequences in the non-commercial housing industry.</quote> people aren't buying or not buying houses based on whether or not they can deduct their mortgage interest. they're buying or not buying houses based on other variables, like accessible lending options and good interest rates on mortgages.</quote> ... Copied to Clipboard!
meingott 04/27/17 1:44:02 PM #93:	fire_bolt posted... meingott posted... fire_bolt posted... meingott posted... That_Happened, step up on your main. Anyway, there's nothing wrong with lowering the corporate tax rate and enabling more people to succeed. Shitposting doesn't change that fact, no matter how hard people on CE want to shitpost. If this was being done by a Democrat, yall would still be on your knees in worship. Um, yes there is? The government is going to lose a sizable chunk of its operating budget and those new bombers aren't going to pay for themselves. The country is about to gain a sizable chunk of debt so that Trump and his friends can pay even less taxes than they do now. Not to mention the Estate tax change literally only helps the richest 1% of people, who could easily afford the tax. The government has to tighten its belt. No other way around it. We can't keep living with a government that only ever increases its spending and the taxation. Except we're not seeing that happening. The proposed budget makes insignificant cuts compared to the loss of revenue. In order to see actual "belt tightening" we'd need to make infrastructure cuts (which means our country falls apart literally), military spending cuts (which are never gonna happen because everyone in Congress would get un-elected in a few years), or cuts to subsidies (which aren't gonna happen because big business lobbies too hard to keep subsidies running). Simple fact is, government NEVER spends less money. We'll have to find a way. It's not sustainable to live in a paradigm where the solution is only ever increasing spending and taxation. --- These people are literally ignorant of the law. It's astounding. As the situation escalates I will come out victorious. - DawkinsNumber4 <cite>meingott posted [p:878011663] in Tax cuts t... [t:75281147]...</cite> <quote><cite>fire_bolt posted...</cite> <quote><cite>meingott posted...</cite> <quote><cite>fire_bolt posted...</cite> <quote><cite>meingott posted...</cite> <quote>That_Happened, step up on your main. Anyway, there's nothing wrong with lowering the corporate tax rate and enabling more people to succeed. Shitposting doesn't change that fact, no matter how hard people on CE want to shitpost. If this was being done by a Democrat, yall would still be on your knees in worship.</quote> Um, yes there is? The government is going to lose a sizable chunk of its operating budget and those new bombers aren't going to pay for themselves. The country is about to gain a sizable chunk of debt so that Trump and his friends can pay even less taxes than they do now. Not to mention the Estate tax change literally only helps the richest 1% of people, who could easily afford the tax.</quote> The government has to tighten its belt. No other way around it. We can't keep living with a government that only ever increases its spending and the taxation.</quote> Except we're not seeing that happening. The proposed budget makes insignificant cuts compared to the loss of revenue. In order to see actual "belt tightening" we'd need to make infrastructure cuts (which means our country falls apart literally), military spending cuts (which are never gonna happen because everyone in Congress would get un-elected in a few years), or cuts to subsidies (which aren't gonna happen because big business lobbies too hard to keep subsidies running). Simple fact is, government NEVER spends less money.</quote> We'll have to find a way. It's not sustainable to live in a paradigm where the solution is only ever increasing spending and taxation.</quote> ... Copied to Clipboard!
Balrog0 04/27/17 1:44:32 PM #94:	Darkman124 posted... also the big target in all of this is almost assuredly killing the mortgage interest tax break which i think will have severe consequences in the non-commercial housing industry. there's no way that would happen but what consequences would you foresee? the combination of removing the mortgage interest tax break and removing deductions for state and local taxes would be rough --- He would make his mark, if not on this tree, then on that wall; if not with teeth and claws, then with penknife and razor. <cite>Balrog0 posted [p:878011704] in Tax cuts t... [t:75281147]...</cite> <quote><cite>Darkman124 posted...</cite> <quote>also the big target in all of this is almost assuredly killing the mortgage interest tax break which i think will have severe consequences in the non-commercial housing industry.</quote> there's no way that would happen but what consequences would you foresee? the combination of removing the mortgage interest tax break and removing deductions for state and local taxes would be rough</quote> ... Copied to Clipboard!
Darkman124 04/27/17 1:44:35 PM #95:	meingott posted... We'll have to find a way. It's not sustainable to live in a paradigm where the solution is only ever increasing spending and taxation. it's LESS sustainable to live in a paradigm where the solution is ever increasing spending and decreasing taxation --- And when the hourglass has run out, eternity asks you about only one thing: whether you have lived in despair or not. <cite>Darkman124 posted [p:878011707] in Tax cuts t... [t:75281147]...</cite> <quote><cite>meingott posted...</cite> <quote>We'll have to find a way. It's not sustainable to live in a paradigm where the solution is only ever increasing spending and taxation. </quote> it's LESS sustainable to live in a paradigm where the solution is ever increasing spending and decreasing taxation</quote> ... Copied to Clipboard!
meingott 04/27/17 1:45:10 PM #96:	Darkman124 posted... meingott posted... We'll have to find a way. It's not sustainable to live in a paradigm where the solution is only ever increasing spending and taxation. it's LESS sustainable to live in a paradigm where the solution is ever increasing spending and decreasing taxation That's why I've always said we need to cut both. --- These people are literally ignorant of the law. It's astounding. As the situation escalates I will come out victorious. - DawkinsNumber4 <cite>meingott posted [p:878011746] in Tax cuts t... [t:75281147]...</cite> <quote><cite>Darkman124 posted...</cite> <quote><cite>meingott posted...</cite> <quote>We'll have to find a way. It's not sustainable to live in a paradigm where the solution is only ever increasing spending and taxation. </quote> it's LESS sustainable to live in a paradigm where the solution is ever increasing spending and decreasing taxation</quote> That's why I've always said we need to cut both.</quote> ... Copied to Clipboard!
fire_bolt 04/27/17 1:45:30 PM #97:	meingott posted... fire_bolt posted... meingott posted... fire_bolt posted... meingott posted... That_Happened, step up on your main. Anyway, there's nothing wrong with lowering the corporate tax rate and enabling more people to succeed. Shitposting doesn't change that fact, no matter how hard people on CE want to shitpost. If this was being done by a Democrat, yall would still be on your knees in worship. Um, yes there is? The government is going to lose a sizable chunk of its operating budget and those new bombers aren't going to pay for themselves. The country is about to gain a sizable chunk of debt so that Trump and his friends can pay even less taxes than they do now. Not to mention the Estate tax change literally only helps the richest 1% of people, who could easily afford the tax. The government has to tighten its belt. No other way around it. We can't keep living with a government that only ever increases its spending and the taxation. Except we're not seeing that happening. The proposed budget makes insignificant cuts compared to the loss of revenue. In order to see actual "belt tightening" we'd need to make infrastructure cuts (which means our country falls apart literally), military spending cuts (which are never gonna happen because everyone in Congress would get un-elected in a few years), or cuts to subsidies (which aren't gonna happen because big business lobbies too hard to keep subsidies running). Simple fact is, government NEVER spends less money. We'll have to find a way. It's not sustainable to live in a paradigm where the solution is only ever increasing spending and taxation. Saying that's all well and good, but it's baseless hyperbole. Before issuing tax breaks of this magnitude the cuts need to ALREADY be in place, not start looking for them after. --- If her hips don't break, you didn't "carry" hard enough" -SpunkySix <cite>fire_bolt posted [p:878011773] in Tax cuts t... [t:75281147]...</cite> <quote><cite>meingott posted...</cite> <quote><cite>fire_bolt posted...</cite> <quote><cite>meingott posted...</cite> <quote><cite>fire_bolt posted...</cite> <quote><cite>meingott posted...</cite> <quote>That_Happened, step up on your main. Anyway, there's nothing wrong with lowering the corporate tax rate and enabling more people to succeed. Shitposting doesn't change that fact, no matter how hard people on CE want to shitpost. If this was being done by a Democrat, yall would still be on your knees in worship.</quote> Um, yes there is? The government is going to lose a sizable chunk of its operating budget and those new bombers aren't going to pay for themselves. The country is about to gain a sizable chunk of debt so that Trump and his friends can pay even less taxes than they do now. Not to mention the Estate tax change literally only helps the richest 1% of people, who could easily afford the tax.</quote> The government has to tighten its belt. No other way around it. We can't keep living with a government that only ever increases its spending and the taxation.</quote> Except we're not seeing that happening. The proposed budget makes insignificant cuts compared to the loss of revenue. In order to see actual "belt tightening" we'd need to make infrastructure cuts (which means our country falls apart literally), military spending cuts (which are never gonna happen because everyone in Congress would get un-elected in a few years), or cuts to subsidies (which aren't gonna happen because big business lobbies too hard to keep subsidies running). Simple fact is, government NEVER spends less money.</quote> We'll have to find a way. It's not sustainable to live in a paradigm where the solution is only ever increasing spending and taxation.</quote> Saying that's all well and good, but it's baseless hyperbole. Before issuing tax breaks of this magnitude the cuts need to ALREADY be in place, not start looking for them after.</quote> ... Copied to Clipboard!
Darkman124 04/27/17 1:46:30 PM #98:	Balrog0 posted... Darkman124 posted... also the big target in all of this is almost assuredly killing the mortgage interest tax break which i think will have severe consequences in the non-commercial housing industry. there's no way that would happen but what consequences would you foresee? the combination of removing the mortgage interest tax break and removing deductions for state and local taxes would be rough i expect deductions for state/local taxes would be kept but the mortgage interest tax break drives people's access to itemizing far moreso than the state taxes. this makes itemizing less valuable and seems to me to be step 1 where step 2 is 'oh we need the money and a lot fewer people even use it now, lets kill it' the effective cost of owning a home would then be increased by a monthly cost of around 30%. you'd see substantial drops in the prices buyers would be willing to pay. even just raising the standard deduction level will do that. --- And when the hourglass has run out, eternity asks you about only one thing: whether you have lived in despair or not. <cite>Darkman124 posted [p:878011832] in Tax cuts t... [t:75281147]...</cite> <quote><cite>Balrog0 posted...</cite> <quote><cite>Darkman124 posted...</cite> <quote>also the big target in all of this is almost assuredly killing the mortgage interest tax break which i think will have severe consequences in the non-commercial housing industry.</quote> there's no way that would happen but what consequences would you foresee? the combination of removing the mortgage interest tax break and removing deductions for state and local taxes would be rough</quote> i expect deductions for state/local taxes would be kept but the mortgage interest tax break drives people's access to itemizing far moreso than the state taxes. this makes itemizing less valuable and seems to me to be step 1 where step 2 is 'oh we need the money and a lot fewer people even use it now, lets kill it' the effective cost of owning a home would then be increased by a monthly cost of around 30%. you'd see substantial drops in the prices buyers would be willing to pay. even just raising the standard deduction level will do that.</quote> ... Copied to Clipboard!
Darkman124 04/27/17 1:47:20 PM #99:	meingott posted... That's why I've always said we need to cut both. option A: raise spending, taxes same option B: raise spending, taxes higher option C: raise spending, taxes lower there is no option D pick --- And when the hourglass has run out, eternity asks you about only one thing: whether you have lived in despair or not. <cite>Darkman124 posted [p:878011883] in Tax cuts t... [t:75281147]...</cite> <quote><cite>meingott posted...</cite> <quote> That's why I've always said we need to cut both.</quote> option A: raise spending, taxes same option B: raise spending, taxes higher option C: raise spending, taxes lower there is no option D pick</quote> ... Copied to Clipboard!
meingott 04/27/17 1:47:47 PM #100:	fire_bolt posted... Saying that's all well and good, but it's baseless hyperbole. Before issuing tax breaks of this magnitude the cuts need to ALREADY be in place, not start looking for them after. The idea is that the tax cuts will stimulate spending and investment, which ought to offset lost revenue by introducing new revenue. But I'd agree that we should cut spending at the same time at least. --- These people are literally ignorant of the law. It's astounding. As the situation escalates I will come out victorious. - DawkinsNumber4 <cite>meingott posted [p:878011912] in Tax cuts t... [t:75281147]...</cite> <quote><cite>fire_bolt posted...</cite> <quote>Saying that's all well and good, but it's baseless hyperbole. Before issuing tax breaks of this magnitude the cuts need to ALREADY be in place, not start looking for them after. </quote> The idea is that the tax cuts will stimulate spending and investment, which ought to offset lost revenue by introducing new revenue. But I'd agree that we should cut spending at the same time at least.</quote> ... Copied to Clipboard!
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Current Events > Tax cuts to boost standard deduction to $12,000 for singles, $24,000 for couples (+) Yeah! (+)

Current Events > Tax cuts to boost standard deduction to $12,000 for singles, $24,000 for couples