The GOP Plan is the Biggest Tax INCREASE in American History, By Far

You clearly don't, and your postings above are desperate.

 

The social security trust fund lost 8 years under Obama and has already gained a year under Trump!

 

Define "more efficiently" is your problem. No, most of it will go as profit not investment in jobs, wages, or infrastructure. You know that.

 

The increase in disparity in income has an observed cause. Economic globalism. Yes,believe it or not when you send living wage american jobs to slave labor, 80 cents an hour, a greater disparity in income happens. Common sense, and you do not need a degree in economics to see the obvious. This originated with GOP free trade. The dems joined in under clinton. So leftist my arse. Unless you are calling the GOP leftists.

 

Link, please.

 

So, there is no amount, which above you are taxed on? Of course there is, and that was the point I was making. You brought in ways to walk the line to minimize taxes. But the really rich have liquid assets in the millions. I would not think that is uncommon. In money market instruments and govt bonds.

 

Oh, I don't know, the Bush taxcuts did fine until the Democrats took over Congress.

 

Donald Trump has so confused the GOP, the GOP lawmakers don't know whether they're Arthur or Martha; or worse, Nunes.

 

I think all income should be taxed the same as in cap gains, earnings, profits, etc. with inheritance not counted as income. I don't believe there should be a corporate tax.

 

I can agree with 0 percent corporate taxes if price controls are rigorously maintained to ensure the difference in what they were paying is directly returned to consumers.

 

No. I disagree. By the way, I've read your postings, glass houses, dude.

 

Not a big fan of price controls, and I like companies to have retained earnings for growth. There is a ton of decisions that impede actual growth that are made because of tax savings/ credits.

 

Nonsense. 2000 in increases over how many years? Doesn't even match inflation.

 

This was the situation in 2016:

From the New York Times:
Under existing law, the trustees said Wednesday, Medicare’s hospital trust fund would be depleted in 2028, two years earlier than projected in last year’s report.In addition, they said, the Social Security trust funds for old-age benefits and disability insurance, taken together, could be depleted in 2034.

From Market Watch:
According to the 2017 report by the trustees for Social Security, the main Social Security trust fund is projected to pay full benefits until 2035.

Situation in 2008, exhausted in 2041.


https://www.ssa.gov/OACT/TR/TR08/II_project.html#105724

 

I don't give a **** who is a fan of price controls. It's required in a zero tax arena especially when people claim higher taxes are simply pushed off on consumers.

Double down and buck up, compromise or it'll never happen.

 

I agree with the globalism aspect, but folks like cheap goods. Lowering the corporate tax rate will help this cost competitiveness issue, but we'll have to eliminate some of the abilities for companies to simply route profits through a faux hq.

 

Price controls are simply a terrible idea and have terrible side effects.

 

I prefer progressive tax rates. And inheritance tax. I am ok with a 15 percent corporate tax rate.

 

So do tax cuts on the false promise that it will reduce prices.

Compromise.

Zero corporate taxes without price controls is a fraud.

 

I don't particularly like progressive rates, but if they do exist, all types of income should be taxed the same.

 

Actually, price controls are a fraud. I'm not sure I like the basis of thought it takes to believe you are entitled to untaxed corporate profits.

 

What's the problem with that? Why will that not also result in economic growth? Why would government fair better?

 

If I've said it once, I've said it a thousand times. I'll gladly pay in for the rest of my life and receive no return if my children were allowed to opt out. SS is the single biggest wealth suppression for the middle and lower classes. 12.4% of your income is stolen to keep you and your family from building wealth.

 

Amd of course raising the limit on inheritance exemption certainly benefits us all equally as well as eliminating the AMT and the changes in the pass through tax laws. The only thing that the new law makes equal is the impact of more debt on future generations.

 

No it actually is a tax increase for the bottom and lower middle class while being a major tax cut for the rich ant the upper middle class which is exactly why the republicans are for it and the Democrats oppose it.