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re: Can we, as Arkansans discuss this tax reform bill
Posted on 12/20/17 at 5:57 am to Pigfeet
Posted on 12/20/17 at 5:57 am to Pigfeet
I had this fat chick hit me up on tinder last night. First she hit me up by saying "my titties taste like the blood of my enemies" for which I was confused because surely no one had sucked on this foul things breasts to tell her what they tasted like.
Then she asked me Hillary or Trump. I told her judging by her weight I was assuming she was a Hillary supporter. I told her i had to choose trump because i dont support losers. She blocked me. Now I will never know what her titties actually tasted like.
Then she asked me Hillary or Trump. I told her judging by her weight I was assuming she was a Hillary supporter. I told her i had to choose trump because i dont support losers. She blocked me. Now I will never know what her titties actually tasted like.
This post was edited on 12/20/17 at 5:59 am
1
Posted on 12/20/17 at 6:44 am to russellvillehog
Very nice work
Posted on 12/20/17 at 7:13 am to Killean
quote:
It'll end up as a tax hike for most Arkansans, so it's a pretty bad thing.
More than 80% of U.S. households will get a tax cut in 2018, and 5% will see their taxes go up, according to the Tax Policy Center.
Posted on 12/20/17 at 8:19 am to admiralduckwad
The Tax "Reform" is the Payday Loan idea of Tax "Cuts".
As someone who believes in being responsible with debt and actually planning for the future..
The MAJORITY of Arkansans will see a tax hike by 2027. States with income taxes (i.e. those states who are fiscally responsible) will see their citizens paying more taxes due to the loss of state and local tax deductions.
All of this in exchange for an additional $2 trillion in debt so that I can get more dividends.
Economically, the plan is suicidal. The United States is ceding its role as the preeminent power in the world to China and likely Europe.
As someone who believes in being responsible with debt and actually planning for the future..
The MAJORITY of Arkansans will see a tax hike by 2027. States with income taxes (i.e. those states who are fiscally responsible) will see their citizens paying more taxes due to the loss of state and local tax deductions.
All of this in exchange for an additional $2 trillion in debt so that I can get more dividends.
Economically, the plan is suicidal. The United States is ceding its role as the preeminent power in the world to China and likely Europe.
This post was edited on 12/20/17 at 8:20 am
Posted on 12/20/17 at 8:36 am to Pigfeet
As I have said elsewhere I'm not really a big fan of anything that isn't being paid for. That includes tax cuts. We will be borrowing 1.5 trillion or so to pay for this over the next decade, and that means we are going to spend at least 2 trillion pay off our debtors.
If you are going to lose 1.5 trillion in taxes, then offset it with 1.5 trillion in spending cuts. Or at least come close to offsetting it.
Living off your credit cards as a country at such an unsustainable pace has a nasty tendency to bite you in the butt.
One thing we do better then most in this state is live within our means. Our per capita debt for state debt (money allocated for things such as pensions and state projects) is about 1,700 or so, which puts us 44th. And for once we should be thrilled about landing in the 40's in state rankings. Our cajun neighbors have a per capita debt of 3,200.
Be financially prudent and don't run up bills you have to pay off later on.
If you are going to lose 1.5 trillion in taxes, then offset it with 1.5 trillion in spending cuts. Or at least come close to offsetting it.
Living off your credit cards as a country at such an unsustainable pace has a nasty tendency to bite you in the butt.
One thing we do better then most in this state is live within our means. Our per capita debt for state debt (money allocated for things such as pensions and state projects) is about 1,700 or so, which puts us 44th. And for once we should be thrilled about landing in the 40's in state rankings. Our cajun neighbors have a per capita debt of 3,200.
Be financially prudent and don't run up bills you have to pay off later on.
Posted on 12/20/17 at 8:39 am to Killean
quote:
The MAJORITY of Arkansans will see a tax hike by 2027. States with income taxes (i.e. those states who are fiscally responsible) will see their citizens paying more taxes due to the loss of state and local tax deductions.
The MAJORITY of Arkansans aren’t paying over 10k in state and local taxes. As a matter of fact, most people in Arkansas with a household income north of 100k won’t pay over 10k in state and local taxes.
The median state income tax for Arkansas is less than $1700. To make your statement true, all of those people would have to rack up over 8k in local taxes on an income of less than 50k.
This post was edited on 12/20/17 at 8:47 am
Posted on 12/20/17 at 8:48 am to Raz4back
By 2027 the bottom half of the tax brackets see a net increase in taxes relative to the current code.
Arkansas has more taxpayers fall in the bottom half than most states.
The removal of the personal exemption along with the increase to the bottom bracket and the changes to inflationary adjustment will eat away at gains and leave people paying more. It's a shitty law and I think most people tend to agree that it's a shite law even if they don't understand WHY it's a shite law.
Mostly, the law won't create new jobs and instead will promote shifting money away from the United State.
Arkansas has more taxpayers fall in the bottom half than most states.
The removal of the personal exemption along with the increase to the bottom bracket and the changes to inflationary adjustment will eat away at gains and leave people paying more. It's a shitty law and I think most people tend to agree that it's a shite law even if they don't understand WHY it's a shite law.
Mostly, the law won't create new jobs and instead will promote shifting money away from the United State.
Posted on 12/20/17 at 9:05 am to Killean
Do you really think that the cuts will expire in 2027 without some sort of work around being done. It would be political suicide for whatever party is in office at the time.
Posted on 12/20/17 at 9:05 am to Arksulli
quote:
One thing we do better then most in this state is live within our means. Our per capita debt for state debt (money allocated for things such as pensions and state projects) is about 1,700 or so, which puts us 44th. And for once we should be thrilled about landing in the 40's in state rankings. Our cajun neighbors have a per capita debt of 3,200.
LINK
This link says we owe $4,700 per person, not including pension expense. Louisianians owe $7,800
People think about debt all wrong. You don't ever actually "pay it back" in the case of states or countries. You just need to be able to avoid default
We will never have $0.00 debt balance as a country
Posted on 12/20/17 at 9:16 am to Senior Sidewalker
I just can't wait to hear the bitching and moaning about the national debt these right wingers were whining about 3-5 years ago that they somehow magically forgot.
Posted on 12/20/17 at 10:06 am to Raz4back
I think we'll have considerably larger problems by 2027.
Mostly though the inheritance tax will be reinstated and corporate taxes will go up.
This tax bill is almost entirely to get rid of the inheritance tax and to reduce corporate taxes. It's pretty fricking pointless. Everything else is window dressing to keep the deficit hit low enough that it can be passed through reconciliation instead of the normal process.
Economically, the immigration issue is a much larger problem. The United States exists in its position due to innovation and technology. The current environment for immigration erodes our ability to lead innovation as much of our growth has been with foreign students in our universities. Not to mention that without immigration our birth rate isn't above replacement values. See Japan for what happens when a modern industrialized nation starts to lose population.
Capitalism is built on growth. A declining population damages the foundation of Capitalism.
Mostly though the inheritance tax will be reinstated and corporate taxes will go up.
This tax bill is almost entirely to get rid of the inheritance tax and to reduce corporate taxes. It's pretty fricking pointless. Everything else is window dressing to keep the deficit hit low enough that it can be passed through reconciliation instead of the normal process.
Economically, the immigration issue is a much larger problem. The United States exists in its position due to innovation and technology. The current environment for immigration erodes our ability to lead innovation as much of our growth has been with foreign students in our universities. Not to mention that without immigration our birth rate isn't above replacement values. See Japan for what happens when a modern industrialized nation starts to lose population.
Capitalism is built on growth. A declining population damages the foundation of Capitalism.
Posted on 12/20/17 at 10:23 am to Killean
You forgot to mention baby boomers retiring and going on social security.
Going to frick this place up once again, even when they're out of the work force.
Going to frick this place up once again, even when they're out of the work force.
Posted on 12/20/17 at 10:55 am to STLhog
quote:
You forgot to mention baby boomers retiring and going on social security.
:in:
Posted on 12/20/17 at 2:25 pm to Killean
LINK
Take a stab at where most of Arkansas falls. My guess is most aren't taking down $500k a year and living in million dollar homes.
As for the future, it's important to consider that giving greater incentives for marrying and having kids likely pushes toward a higher tax base longer term and while not enough by 2027, population growth does help the debt burden.
In addition, the federal government saves a lot by not returning state and local taxes to the wealthiest Americans who own tons of high worth property.
Edit:. Also worth noting that limosuine liberals will tell you to hate this plan because they likely have high value property they will get screwed on.
This tax plan is positive for the vast majority of Americans
Take a stab at where most of Arkansas falls. My guess is most aren't taking down $500k a year and living in million dollar homes.
As for the future, it's important to consider that giving greater incentives for marrying and having kids likely pushes toward a higher tax base longer term and while not enough by 2027, population growth does help the debt burden.
In addition, the federal government saves a lot by not returning state and local taxes to the wealthiest Americans who own tons of high worth property.
Edit:. Also worth noting that limosuine liberals will tell you to hate this plan because they likely have high value property they will get screwed on.
This tax plan is positive for the vast majority of Americans
This post was edited on 12/20/17 at 2:28 pm
Posted on 12/20/17 at 9:08 pm to BurtReynoldsMustache
quote:
1) Will my employer's new windfall become my own? E.G. My boss comes up to me and says I got to keep more of my money and now I want you to have some of that money.
not a chance
quote:
get the opportunity to actually read the damn thing
you'll get to read it eventually
quote:
This year's tax return compared against last year's.
I think I'm about to see a pay increase and a big frick you st tax time in a couple years. nyc got fricked on the deal.
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