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re: Millionaire releases tax return as illustration
Posted on 12/19/17 at 8:53 am to Tiger n Miami AU83
Posted on 12/19/17 at 8:53 am to Tiger n Miami AU83
quote:
By the way, something else that annoys me right now. Trump just ran his mouth blaming previous administrations for a long overdue infrastructure bill that is badly needed and he promised about 10 months ago was imminent. This tax plan is so stupid. We need the infrastructure bill desperately so let's bigly reduce revenues so we can't pay for it. All so the wealthy and corps get money.
The current GOP line is that we can break even with the new tax plan and maybe even have a slight surplus which is absolute horse shite and they know it, but let's go with that.
Who really believes that they're gunna find a trillion dollars lying around after they go full chickenshit on welfare and medicare reform? Seriously does anyone really believe that after this abortion of a tax plan, that everyone hates, that the GOP is then going to reduce entitlements by a trillion dollars to pay for infrastructure? There has been some talk of using a mixture of private, and local government funding. Best let's not hold our breaths for that one.
That's why noone other than Trump is talking infrastructure other than a few Dems saying "get real". They're giving the trillion dollars necessary for infrastructure to the richest Americans apparently because that's what many of the richest Americans have paid them to do.
The worst part is that it's possible that a trillion dollar infrastructure plan could've been just the ticket to reduce unemployment to virtually zero and thereby making real headway in addressing wage growth. It sure would have a better chance than what they're planning now.
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Posted on 12/19/17 at 9:15 am to PrivatePublic
quote:
Because people don't operate at 3-5% profit margins?
Really? What the frick are your margins? Because most of the people I talk to are breaking even or backsliding. It seems to me you are under the impression that your wage as a person is all profit. That's wrong.
If you're going to treat a person like a corporation then covering basic needs like housing, clothing, transportation, and maintenance a.k.a. health costs and sustenance etc. are't profit. If people were taxed like corporations most of the people I know in America would owe nothing or next to nothing at the end of the year.
I live in Germany and everyone I know has been on vacation within the last 2 years, a real vacation, not a weekend at the lake. Maybe 1 Person out of 20 that I know in America, and I'm talking friends, family, and aquaintances have taken a vacation in the last 5 years.
Posted on 12/19/17 at 9:58 am to Tiger n Miami AU83
logic & reason....i'm sure this went over well with the trumpkin frickwit crowd.
Posted on 12/19/17 at 10:04 am to PhilipMarlowe
quote:
logic & reason....i'm sure this went over well with the trumpkin frickwit crowd.
Probably why this thread got anchored. There is a halfwit trumpkin admin that hates it when intelligent people have a real discussion with substance. He/she/it banned me from the poliboard where shite flinging is the modus operandus and it can only be flung in one direction. I got about half a dozen PM saying post quality review immediately after making a post in this thread. It's fricking bullshite that one pissant can't handle real discussion that is worth a damn.
Anyway, someone else can start a new thread on the subject and link this thread for reference or I will later when I have some more time to post.
Posted on 12/19/17 at 10:14 am to Papplesbeast
quote:
why that rate should apply to net income rather than gross income, as it does for individuals.
I want the companies I invest in to be more profitable. Stocks go up my investments win.
Taxes are inherently bad and they screw us all because we’re forced to pay them. I’ll take any reduction in taxes put out there rather than screw with it for 3 years and nothing ever get done.
Posted on 12/19/17 at 10:39 am to arkiebrian
quote:
I’ll take any reduction in taxes put out there rather than screw with it for 3 years and nothing ever get done.
Again, there is a serious problem with debt financed tax cuts.
We are borrowing 1.5 trillion that will be 2 trillion to pay back. We are increasing the amount owed by each a every citizen. And that matters. That social security you pay in isn't coming back to you the way we are borrowing. Same thing for Medicare. Same for Medicaid. Same for infrastructure which is critical. Same for a host of things.
Essentially what is happening is the average person is getting a few hundred dollars while owing a few thousand more.
Deficit financing of tax cuts matters. Not to mention you and I will soon see tax increases to pay back the thousands for each and every individual whose share of the debt is about to go up.
Posted on 12/19/17 at 10:42 am to Papplesbeast
quote:
My household (~$300k income)
quote:A mere pittance....
Republicans are raising my tax federal tax bill by around $5k per year.
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