Nearly two-thirds say they've seen no increase in take-home pay from GOP tax cuts: Gallup

Discussion in 'Latest US & World News' started by k995, Oct 11, 2018.

  1. Mac-7

    Mac-7 Banned

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    I would not allow deductions

    Just one low tax rate for wveryone on all their earnings
     
  2. CourtJester

    CourtJester Well-Known Member

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    Only if you believe making the rich much richer and paying for it by increasing the deficit and cutting Medicare, Medicaid and Social Security is the right direction. And yes I know that the Republicans haven't cut Medicare and SS yet but that will be coming. Already they are talking about chain CPI for next year.
     
  3. CourtJester

    CourtJester Well-Known Member

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    Which tax rate is that. And what are you including in earnings. Are you going to tax inheritance as earnings? Are you taxing dividends as earnings? I suppose you will be eliminating tax free municipal bonds. Are you eliminating stepped up basis? How about in kind real estate transfers?

    Are you taking all income from dollar one?
     
    Last edited: Oct 14, 2018
  4. Mac-7

    Mac-7 Banned

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    I would nor equate earned benefits like medicare with unearned welfare programs such as medicaid or the unEarned Income Tax Credit

    The rich should pay no greater percentage of what they earn as anyone else does
     
  5. Mac-7

    Mac-7 Banned

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    I would impose a single low tax rate on every dollar earned with no deductions

    So it would include interest paid on bonds
     
  6. CourtJester

    CourtJester Well-Known Member

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    Answer the rest of the questions!
     
  7. Josephwalker

    Josephwalker Banned

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    Obama himself said these jobs are not coming back and what's he gonna do wave a magic wand? Trump has proved him wrong.
     
  8. AFM

    AFM Well-Known Member Past Donor

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    Truly delusional. Hard to see the champions of Obamanomics make fools of themselves.
     
  9. Smartmouthwoman

    Smartmouthwoman Bless your heart Past Donor

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    No you dont have to look at the whole package. The majority of middle class taxpayers will benefit from the new tax rates. Granted, some will pay more and long term, some beneficial cuts are set to expire if not extended. But these are speculative predictions and have no impact on MOST MIDDLE CLASS 2018 tax returns.

    To see whether tax cuts will help or hurt your own personal return, try this.

    https://www.moneyhelpcenter.com/taxes/calculate/trump-tax-reform-calculator/
     
  10. Smartmouthwoman

    Smartmouthwoman Bless your heart Past Donor

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    File under 'The Sky is Falling.'
     
  11. Mac-7

    Mac-7 Banned

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    I alteady did

    Tax all income but at a very low rate with no deductions
     
  12. k995

    k995 Well-Known Member

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    Of course not ebcause then its cleat rh poor and middle class get screwed.


    [​IMG]

    reality no matter hw many alternative facts you bring.
     
  13. k995

    k995 Well-Known Member

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    Not even 4% growth (if trump would get that much in 2018) is going to offset the spending.
    Its the GOP that used to be concerned about deficits. But with trump they have leanred to accept trillion $ deficits as long as it goes to tax breaks fort heir rich donors and friends.
     
  14. k995

    k995 Well-Known Member

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    No country works this way because that simply stupid. You want to have tools to correct markets.
     
  15. k995

    k995 Well-Known Member

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    No the jobs he was talking about.

    Again facts are manufacturing jobs have gone up since obama came to pwoer.

    I know you dont like that fact and you do very hard to keep it out of your bubbel but thats not going to change reality.
    [​IMG]
     
  16. Mac-7

    Mac-7 Banned

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    Then stop complsining because you think the tax code favors the rich
     
  17. Mac-7

    Mac-7 Banned

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    Government needs to spend less not tax more
     
    Last edited: Oct 14, 2018
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  18. Smartmouthwoman

    Smartmouthwoman Bless your heart Past Donor

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    No matter how many times you post that outdated, speculative, fake news of a bar chart... most working folks will still get a bigger tax refund when they file their 2018 taxes.

    Either dispute that statement or continue to rain on their parade. After all, admitting Trump helps anybody is against the rules, eh?
     
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  19. k995

    k995 Well-Known Member

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    Again thats only a small part of what was in that tax cut. That chart takes into efect everything thats in that bill.

    I already showed that statement is BS. You just keepr epeating it as you have no answers remember "No you dont have to look at the whole package." LOL
     
  20. k995

    k995 Well-Known Member

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    And GOP no doubt wants to cut the programs of people that dont or barely got a tax break. As I said, biggest wealth transfer from the poor/middle class to the rich the US has ever seen.
     
  21. Smartmouthwoman

    Smartmouthwoman Bless your heart Past Donor

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    Amen to that. :headbang:
     
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  22. k995

    k995 Well-Known Member

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    When did I say this?
     
  23. Josephwalker

    Josephwalker Banned

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    Those were precisely the jobs Obama was talking about and Trump is doing what Obama said couldn't be done.

    In a June 2016 town hall style forum, Obama was asked about Carrier Corp. jobs leaving Indiana.

    "Specifically, Obama was asked about comments made by then-candidate Trump that he would bring Carrier jobs — among many others — back to the United States with his economic policies."

    "Eric Cunningham said he noticed manufacturing jobs were leaving the country, with jobs no where to be found in Indianapolis.

    Obama responded by not only denigrating Trump, but also by mocking his ambitious economic agenda and suggesting he would never be able to bring jobs back in the large numbers he suggested."

    “When somebody says like the person you just mentioned who I’m not going to advertise for, that he’s going to bring all these jobs back. Well how exactly are you going to do that? What are you going to do? There’s no answer to it,” Obama said, refusing to even say Trump’s name.

    “He just says, ‘I’m going to negotiate a better deal.’ Well how? How exactly are you going to negotiate that? What magic wand do you have? And usually the answer is, he doesn’t have an answer,” Obama continued condescendingly."

    "Well, those remarks sure have come back to bite Obama — Trump is growing jobs, and fast.

    As noted by CNN, Trump has created 184,000 manufacturing jobs since taking office. "

    https://www.westernjournal.com/ct/obama-jobs-not-back-trump/
     
  24. Smartmouthwoman

    Smartmouthwoman Bless your heart Past Donor

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    Easy to prove who's right and who's wrong with tax season right around the corner. We'll see if looking at the whole package is necessary for John Doe to put an extra thousand or so in his pocket.

    Real evidence can be found here:

    https://www.nerdwallet.com/taxes/tax-calculator
     
  25. Empress

    Empress Well-Known Member

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