Tax the Rich?

[DawnODay]

That's an income tax rebate... minus income they're double-taxed on because their SALT deductions are now disallowed. And minus extra fees they'll be charged for services, and increased SALTs resulting from federal cutbacks, and rising healthcare costs....

What "rebate"? Please define what you mean by that.

"Extra fees"? Fees for what? Please give specific examples of what you mean.

Rising healthcare costs? The only way the bill affects healthcare is that it does away with the individual mandate. This, if anything, reduces demand and thus lowers insurance costs....

No answer?

You just can't see beyond the end of your nose. That's what the Republicans who put forth this bill wanted you to do. They constructed the bill that way. Congrats. you fell for it.

And, actually, I think you deserve to be screwed for your short-sighted ignorance, so I don't feel the need to open your eyes to where you're going wrong.

Likewise, even though even the left-leaning parts of the media admit pretty much everyone is going to see their taxes go down at least a little, you just keep saying we're getting "screwed," but you don't say how.

How?

To the thread in general. I don't think it's a matter so much of the percentage the rich and corporations pay in taxes--it's more getting them to pay any taxes at all. The Trumps are a classic case of wealth shielding--both individually in corporately.

Do you mean like this?

D. Greenfield, How Obama and Senate Democrats Freed GE from Paying Corporate Taxes, Frontpage (Jan. 7, 2013);

B. Montopoli, White House Defends Embrace of G.E. CEO Despite Report Company Didn't Owe Taxes in 2010, CBS News (Mar. 25, 2011).​

Actually, that's one of the good things about the Trump tax reform. It eliminates a lot of the deductions, exemptions, and credits that allowed "the rich and corporations" to avoid taxation. If the House had gotten its way, pretty much all of them would be gone. It was the more "moderate" Senate that maintained them.

The more complex a tax code is, the more it benefits the rich and powerful to the detriment of the poor and middle class. The rich can afford the lawyers and CPAs necessary to come up with strategies that allow tax avoidance (e.g., right now, those with sufficient disposable income to do so [i.e., the wealthy] are trying to avoid the coming years' $10,000 limit on SALT deductions by prepaying future property taxes this year). The goal of the President and the House conservatives was to simplify the tax code to make it more fair. The Senate frustrated much of that. (Why did no Democrats support the more fair House version, so at least that could have passed over the less fair Senate Republicans' version?)

 

[sr71plt]

Taxes go down briefly for the underclasses in the Republican bill--not for long--and they are more than offset by other hits included in the bill. They've duped the easily bamboozled--like you, for instance.

Rather than keeping trying to fool yourself and others, let's just see what happens. I'm pretty wealthy, am debt free, have stock, a cushy federal annuity, and holdings abroad, and I have the same insurance the members of Congress have. I'm also old enough to not have to care about it for much longer. I'll just sit and watch in relative comfort what the Republicans have done to those of limited capacities and horizons as you exhibit.

Rots of ruck.

 

[RedShambhala]

https://i.imgur.com/IiTegNT.jpg

 

[BotanyBoy]

Wrong. I just don't give a fuck.

I know you don't, because you're clearly not writing a very big check at the end of the year.

If you were making enough money to be cutting 6 figure checks to the IRS you already care a great deal about your money, where it's going and what you're getting in return for it. In the case of taxes you get shit in return....would be better off burning bricks of money to heat your house than sending it to the IRS.

"Handing it over to the poor" is a typical gripe of assholes with money.

It's not a gripe, it's making a point of your hypocrisy.

You want the government to force others to do shit you won't go do yourself.

And something sexually frustrated people obsess about, I've noticed.

What making money? or paying taxes?

Nahhh I've seen all sorts of people obsess over those things, you're just trying to bring my sexuality into it because you're pissed I brought up the fact that you want the government to force others into doing shit you wan't go do yourself.

Just keep talking. Your worthlessness is so on display.

How.....because I'm realist and don't hate people for having more than me??

 

[BotanyBoy]

https://i.imgur.com/IiTegNT.jpg

So stop giving them your money.

Problem solved!!

 

[Carnal_Flower]

Wrong again.

You're a selfish, greedy ahole who only loves money, and I don't give a fuck.

If you don't like doing bidness in the USA then move to a shithole. And stop projecting your greediness.

I know you don't, because you're clearly not writing a very big check at the end of the year.

If you were making enough money to be cutting 6 figure checks to the IRS you already care a great deal about your money, where it's going and what you're getting in return for it. In the case of taxes you get shit in return....would be better off burning bricks of money to heat your house than sending it to the IRS.



It's not a gripe, it's making a point of your hypocrisy.

You want the government to force others to do shit you won't go do yourself.



What making money? or paying taxes?

Nahhh I've seen all sorts of people obsess over those things, you're just trying to bring my sexuality into it because you're pissed I brought up the fact that you want the government to force others into doing shit you wan't go do yourself.





How.....because I'm realist and don't hate people for having more than me??

 

[BotanyBoy]

Wrong again.

You're a selfish, greedy ahole who only loves money, and I don't give a fuck.

Whatever you gotta tell yourself, enjoy the return this year.

If you don't like doing bidness in the USA then move to a shithole.

You mean like Venezuela or N. Korea?? LOL

I like doing bidness in the USA, that's why I'm a capitalist.....it's the left who hates business happening in the USA, that's why they want it banned and rich people punished!!

And stop projecting your greediness.

How about you stop trying to control what others do.

And I'll continue being as greedy as I can be.

 

[Sean Renaud]

A capitalist would hate the US. It's like you don't even understand the words you're using.

 

[BotanyBoy]

A capitalist would hate the US. It's like you don't even understand the words you're using.

Says the guy who thinks liberalism is a simile for socialism.

The US is still pretty capitalistic, despite D and R's best efforts to turn it into some feudalistic socialist shit hole.

 

[Sean Renaud]

Says the guy who thinks liberalism is a simile for socialism.

The US is still pretty capitalistic, despite D and R's best efforts to turn it into some feudalistic socialist shit hole.

It is a simile for socialism. Do you not live in America?

No, the Democrats are trying their best to make it a meritocracy. We know that capitalism is a problem.

 

[BotanyBoy]

It is a simile for socialism.

Only if you're an ignorant moron.

Do you not live in America?

Yes, and I own a dictionary, and have access to encyclopedias and classes at the University of California....where even bat shit lefties who revere Lenin and romanticize the Bolshevik revolution practically on a daily basis, understand that socialism and liberalism aren't the same thing.

No, the Democrats are trying their best to make it a meritocracy.

BAAAAAAAAAAAAAAAAAAAAHAHAHAHAHAAAAAAAAAAA!!!!

Put the crack pipe down buddy....you aren't selling that lie to me, so I hope you're buying it.

Those basic racist shit stains are social justice bigots....they HATE meritocracy and openly promote institutionalized racism to make things more "equal" or "fair".

We know that capitalism is a problem.

I don't think you even know what capitalism is.

But please, tell us how the voluntary exchange of goods and services between private parties is a problem.

 

[Carnal_Flower]

Someone got coffee batshit triggered

Only if you're an ignorant moron.



Yes, and I own a dictionary, and have access to encyclopedias and classes at the University of California....where even bat shit lefties who revere Lenin and romanticize the Bolshevik revolution practically on a daily basis, understand that socialism and liberalism aren't the same thing.



BAAAAAAAAAAAAAAAAAAAAHAHAHAHAHAAAAAAAAAAA!!!!

Put the crack pipe down buddy....you aren't selling that lie to me, so I hope you're buying it.

Those basic racist shit stains are social justice bigots....they HATE meritocracy and openly promote institutionalized racism to make things more "equal" or "fair".



I don't think you even know what capitalism is.

But please, tell us how the voluntary exchange of goods and services between private parties is a problem.

 

[BotanyBoy]

Someone got coffee batshit triggered

*sniff*.....ahhh the desperation!!


You wish, cupcake.

 

[KUJACK]

Wait and see

Most predictions fall flat when reality sets in
I predict both sides are right, taxes will go up and down for different groups

 

[coachdb18]

Can someone show me the Article in the Constitution where 'Tax the Rich' is found?

 

[KUJACK]

Wait and see

Most predictions fall flat when reality sets in
I predict both sides are right, taxes will go up and down for different groups
The cuts for poor and middle class will be modest and dismissed by the elitists as in significant and token

Voters in the mid term will tell the truth about them

 

[Sean Renaud]

Oh it's just common sense.

 

[DawnODay]

Inflation is coming.

https://finance.yahoo.com/news/donald-trump-wants-bring-inflation-back-142233815.html

You may well be right. Obama doubling the national debt must lead to inflation unless we can redouble the GDP. That sort of GDP growth is happening right now, but can we sustain it?

Of course, this tax reform can only help make this necessary GDP growth happen.

Taxes go down briefly for the underclasses in the Republican bill--

You make a good point here. To get the Senate on board, they unfortunately had to put a sunset clause on the individual tax breaks. Allow me to make a few points myself:

First, do you think the individual tax breaks are a good thing or a bad thing?

If they are a good thing, then individuals get a good tax break for at least the next seven years. Then tax rates simply go back to their present levels. There is nothing but benefit, albeit for too short of a span.

If they are bad, then you should praise the deal for limiting them.​

Either way, the time limit is not much of an argument against the the tax reform.

Second, when the time comes for the individual rate reductions to expire, if they have proven to be beneficial, then Congress can vote to make them permanent. It has done this in the past with other "temporary" rate reductions.

--and they are more than offset by other hits included in the bill. They've duped the easily bamboozled--like you, for instance.

Rather than keeping trying to fool yourself and others, let's just see what happens. I'm pretty wealthy, am debt free, have stock, a cushy federal annuity, and holdings abroad, and I have the same insurance the members of Congress have. I'm also old enough to not have to care about it for much longer. I'll just sit and watch in relative comfort what the Republicans have done to those of limited capacities and horizons as you exhibit.

Again, you keep mentioning "other hits" and predicting dire consequences, but you never define what those "hits" or consequences are. If you're right, I'd like to be able to prepare. Please be specific.

Rots of ruck.

Meanwhile, sr71plt, please leave your blatant racism off my thread.

 

[BotanyBoy]

Of course, this tax reform can only help make this necessary GDP growth happen.

Not if there isn't spending and basic policy reforms to go with it.

Especially since our tax rates weren't 90% before the tax reforms.

We keep not paying our bills and blowing money on shit this party WILL be coming to an end and the scammers at the top will all be in a world of shit.

 

[Carnal_Flower]

How is massive growth in GDP going to benefit workers? Or a stock market boom?

We're already at near full employment. In many states there aren't enough people to fill jobs. Unemployment isn't the prblem.

Joe schmo gets NO benefits from the stock market doing well. GDP doesn't mean shit except as a talking point.

Will any of this bring higher wages? Or will it just all go to the top and blathering increase the disparity?

Interesting that Trump's poll numbers are remaining low. Very low.

 

[brw02]

The economy grew when the top personal income rate was 90 percent. The GDP rose at an average rate of 3.2% from 1945-1972 when personal and corporate tax rates were much higher. Since then GDP growth has been at least a full percentage lower. That coincides with massive cuts in the top tax brackets and sharply lower corporate rates. I don't think that is any coincidence. Neither are the deficits which have resulted from these "supply side" policies. The latest version of tax "reform" is justified by the same bogus theory that was used by Reagan and Bush45. They failed then and they will fail now unless you are one of the privileged few who care about little beside their own wealth. Please note that this legislation will benefit me for the next five years if I live that long. I no longer itemize and the standard deduction is temporarily doubled. I still can't support it.

 

[Carnal_Flower]

Oh no, it's aaallll going to trickle down to the little folk. JK

The economy grew when the top personal income rate was 90 percent. The GDP rose at an average rate of 3.2% from 1945-1972 when personal and corporate tax rates were much higher. Since then GDP growth has been at least a full percentage lower. That coincides with massive cuts in the top tax brackets and sharply lower corporate rates. I don't think that is any coincidence. Neither are the deficits which have resulted from these "supply side" policies. The latest version of tax "reform" is justified by the same bogus theory that was used by Reagan and Bush45. They failed then and they will fail now unless you are one of the privileged few who care about little beside their own wealth. Please note that this legislation will benefit me for the next five years if I live that long. I no longer itemize and the standard deduction is temporarily doubled. I still can't support it.

 

[BotanyBoy]

The economy grew when the top personal income rate was 90 percent. The GDP rose at an average rate of 3.2% from 1945-1972 when personal and corporate tax rates were much higher.

Probably has something to do with the fact that they spent it in ways the promoted the economy. We actually built shit with it.

Now we're blowing the grandkids life earnings bailing out companies that are "too big to fail".

Repave the same 2mi section of interstate 8 fuckin' times a year just to inflate that budget while the other 1500 miles of it are shit.....

Texas buys super stadiums for nowhersville county school complete with a jumbotron big enough to put the Cowboys to shame.....graduating class not even big enough for a sports team.

California builds bullet trains to nowhere while dams are failing....restricts peoples water access while uber Ag floods fallow rice fields in the desert to collect disaster aid checks.

The list of purely corrupt and or foolish spending is just off the fucking charts, for the amount of money we spend this country should be a god damn utopia but we can't even feed everyone or get them their shots.

Defense....medical...education...infrastructure.....all just totally fucked up.

 

[coachdb18]

'Tax the Rich' is just a rewording of 'From each according to his abilities, to each according to his need'. Millions have died because of that manifesto.....

https://i.imgur.com/bT0sHW9.jpg

 

[Sean Renaud]

Funny how the opposite of that is true. We literally won a war because of that. But you know, be an idiot.