Tax the Rich?

[dan_c00000]

If you bothered to read my post you'll see that the Washington Post is in there. Which you conveniently forget to mention, could it be because the Post has a higher Alexa rating than Forbes?

Or could it be because the author of all of my sources isn't some gold standard kook?

I like posting the memes and the fonts because it triggers right wing snowflakes like you. It's just fun for me.

I also notice you haven't bothered to even rebut any point I've made. You're getting fucking ruined and it's only Monday. Going to be another rough week for you. Especially, now that the Dow is down.

https://memegenerator.net/img/instances/500x/56320190/i-dont-know-if-you-just-got-wrecked-or-if-you-got-uber-wrecked.jpg

 

[Carnal_Flower]

Dawn O'Dumb is all over the Nunes Memo. Once he/she gets done 'splaining taxes, he/she can illuminate the Deep State for us.

https://classconnection.s3.amazonaws.com/568/flashcards/475568/jpg/devinnunes1308693781217.jpg

 

[DawnODay]

Dawn O'Dumb is all over the Nunes Memo. Once he/she gets done 'splaining taxes, he/she can illuminate the Deep State for us.

Gee, I never realized just how threatened some men are by a woman who has an understanding of politics, finance, economics, and some ability at rhetoric. I knew dan_c00000 felt that way (I assume because we all know he's still a virgin), but I expected better of you. I guess I should not be surprised, given that lately I have beaten you down to the point that you have nothing left but to call me names.

Now, of course, you're simply trying to change the subject. Here was my point on the memo:

It seems pretty clear that Strzok and Page intended to, and probably did, illegally abuse their positions.

Further, if their texts are accurate, then so did McCabe, Comey, and Lynch.

What bothers me is that the GOP released their memo and suppressed the Dems' response. This is potentially too serious of a scandal to play politics.

Wow. How radical, especially where I write that it "bothers me is that the GOP released their memo and suppressed the Dems' response." That may be fixed soon. I hope so.

Now, let's get back to the point of this thread, especially because this is the month when most people's take home pay is about to rise because the new tax rates will decrease their tax withholdings.

 

[dan_c00000]

Gee, I never realized just how threatened some men are by a woman

Moving goal posts, changing topics. Standard right winger move after watching every single one of your points get ruined. Not to mention you've been unmasked as a man pretending to be a woman on the internet.

https://pbs.twimg.com/media/BabYCE5CQAEmPLw.jpg

 

[coachdb18]

The entire premise of 'taxing the rich' is wrong headed from the most basic of its precepts: that the government has some kind of role in imposing equality, and of imposing equality of income. It does not, and there is absolutely no moral authority found in government nor in the Constitution to make it so.

The only reason government has a right to tax, is because there is a need for resources to provide for basic government services. That's it, the sum total of the principle of taxation. It has to do with police and fire protection, common defense, the provision of utilities such as water and sewer, but NOT income redistribution' Never, never, EVER is there a reason for the government to tax so as to 'transfer the wealth'. Liberal agenda be damned, it's an abuse of and by the government, and this shit's gotta STOP!!!

 

[dan_c00000]

It does not, and there is absolutely no moral authority found in government nor in the Constitution to make it so.

We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defense, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America.

One sentence into the Constitution and you're fucking destroyed. #sad!

 

[Carnal_Flower]

LOL

When did I ever take you seriously, Devin O'Moron?

You think you're in some high stakes Economic Forum: I'm merely on a chat board, amused by a nut.

Calling for the Democratics' memo to be released in no way suggests you don't support the Nunes Fanfic; on the contrary, by listing a few more Fox Deep State conspiracy theories, you make clear you're all in.

It's relevant to this thread because the same person blathering about the great tax cuts is the same person who believes the Fox Gospel about the Deep State "Conspiracy" against Trump

Gee, I never realized just how threatened some men are by a woman who has an understanding of politics, finance, economics, and some ability at rhetoric. I knew dan_c00000 felt that way (I assume because we all know he's still a virgin), but I expected better of you. I guess I should not be surprised, given that lately I have beaten you down to the point that you have nothing left but to call me names.

Now, of course, you're simply trying to change the subject. Here was my point on the memo:



Wow. How radical, especially where I write that it "bothers me is that the GOP released their memo and suppressed the Dems' response." That may be fixed soon. I hope so.

Now, let's get back to the point of this thread, especially because this is the month when most people's take home pay is about to rise because the new tax rates will decrease their tax withholdings.

 

[HisArpy]

I love the whole "tax the rich" meme. It's so blissfully ignorant.

The tax code is filled with benefits for the rich that NO ONE talks about doing away with.

Let's take the home mortgage interest deduction for starters. Who do you think own homes? The poor? No, those wealthy enough to purchase real estate are home owners. Yet no one has yet to seriously propose getting rid of the home mortgage interest deduction.

Why not?

The reasons range from; "It'll cause the housing market to crash!" to "It benefits poor people who wouldn't otherwise afford a home of their own!"

Yet all the deduction does is subsidize those wealthy enough to be home-owners. ie; the "rich". So, where's the hue and cry to end the deduction? Crickets.

And what would happen if it was taken away? Probably, home prices would come down because the market wouldn't have many buyers. Interest rates would come down too because the buyers out there wouldn't be able to afford homes with higher mortgage interest rates they can't deduct on their taxes.

That makes homes more affordable but it also affects interest rates on other credit funds for things such as cars and business equipment/machinery/lines of credit.

But liberals don't like that. The current tax scheme Congress just passed capped interest deductions for mortgage interest as well as property tax payments. And the howl is loud from the left for it.

Yet they're the ones screaming the "Tax The Rich" mantra while secretly keeping the benefits for themselves to themselves.

And all of you who think "Tax the Rich" is the future to personal and governmental solvency sucked it up and swallowed. You poor mindless bitches. I love it.

 

[Hypoxia]

Some time ago we drove past a bare desert development a ways east of Carson City NV (state capitol). A budget developer's display lot featured cheap mobile homes. The deal: a 'house' on one acre for US$50k. Easy financing (ie high rate).

Folks who will buy that package and pay that mortgage are not rich. For many first-time buyers in cheap tracts, deducting the mortgage cost may be the difference between homeowning or renting dumps forever. Believe me, owning a trailer and the land under it beats shit out of paying rent even to a nice landlord.

Also, income earned to pay a mortgage has already been taxed. Killing the deduction is double taxation of hard-earned income, same as killing SALT (state and local tax) deductions. Funny how tax opponents don't mind double taxing, nor massive federal deficits. Back in the day, those were deadly sins for conservatives. The worms have turned.

 

[DawnODay]

Some time ago we drove past a bare desert development a ways east of Carson City NV (state capitol). A budget developer's display lot featured cheap mobile homes. The deal: a 'house' on one acre for US$50k. Easy financing (ie high rate).

Folks who will buy that package and pay that mortgage are not rich. For many first-time buyers in cheap tracts, deducting the mortgage cost may be the difference between homeowning or renting dumps forever. Believe me, owning a trailer and the land under it beats shit out of paying rent even to a nice landlord.

Also, income earned to pay a mortgage has already been taxed. Killing the deduction is double taxation of hard-earned income, same as killing SALT (state and local tax) deductions. Funny how tax opponents don't mind double taxing, nor massive federal deficits. Back in the day, those were deadly sins for conservatives. The worms have turned.

Hypoxia... The people in your example still get to deduct their mortgage interest, just as they could under the old law.

You understand, I hope, that the SALT and mortgage deductions remain, they have just been capped:

• Property, state and local income taxes face a combined $10,000 deduction limit.
• While the deduction limit pertaining to mortgage interest drops to $750,000 of debt, it remains $1 million for homes purchased before Dec. 15 of this year.

S. O'Brien, These changes under the GOP tax plan affect homeowners, CNBC (Dec. 20, 2017).

In other words, under the new tax reform, only the very rich (those with > $750k in mortgage debt or who pay > $10k in SALT) will not get to entirely deduct these payments.

Hypoxia, aren't you for the rich paying more?

Also, the part of their mortgage interest the very rich don't get to deduct from their taxes is still only taxed once in most, if not all, states, because the states still give a mortgage interest deduction. On the other hand, if you are opposed to true double taxation, then I assume you would eliminate all inheritance taxes, right? The assets taxed under inheritance laws have all been taxed at least once, often multiple time, before the estate moves on.

 

[Hypoxia]

Hypoxia, aren't you for the rich paying more?

Funny how these 'rich' are mostly concentrated in productive, prosperous states that vote (D) and subsidize less productive 'red' welfare states.

You may not have noticed that productive, prosperous states tend to have higher taxes, and bottom-tier shithole states tend toward lower taxes -- though even some shitholes manage to impose high overall tax-loads too, siphoned off for the state's ruling clique. Thus tax-cut fanatics want an impoverished nation. The desperate are easier to manipulate.

I live in one of California's smallest, poorest rural counties. Median home price here (including many in trailer parks) is over US$350k while median for USA is $190k. Los ricos! No, this is solid (R) poor redneck and retiree country up here. That US$50k trailer and land in Nevada lists for several times more here. Cost of living is low for California but every loss of a deduction means eating more beans and less chicken.

The South's 'rich' live fatter but make less than California's middle class. Who does double taxation hurt more? And do Tromp's taxes cause the super-rich any pain? Especially those who slink around measly taxes?

"The law, in its majesty, prohibits rich and poor alike from stealing bread and sleeping under bridges." --Voltaire

 

[dan_c00000]

Dawn of course, as always, misses the point of Trump's tax plan. Since it was rushed through and so shittily written there are plenty of loopholes the rich can exploit. But don't take my word for it, take dawn's preferred credibly source: Forbes.

 

[Hypoxia]

Dawn of course, as always, misses the point of Trump's tax plan. Since it was rushed through and so shittily written there are plenty of loopholes the rich can exploit. But don't take my word for it, take dawn's preferred credibly source: Forbes.

Dawn (but not Donnie) of course, as always, misses the point that marginal (nominal) tax RATES are not taxes PAID when competent bean-counters jigger the numbers. Loopholes were the POINT of the fast shitty law-writing. Can't blame nobody -- it's the law! Enrich corporations and their lawyers HUUGEly! Overflow the swamp!

That US$50k trailer and land in Nevada lists for several times more here. Cost of living is low for California but every loss of a deduction means eating more beans and less chicken.

Random thought: The Kentucky Fried Chicken - Taco Smell conglomerate wins either way. Is anyone from their board on Team Tromp?

 

[dan_c00000]

Dawn (but not Donnie) of course, as always, misses the point that marginal (nominal) tax RATES are not taxes PAID when competent bean-counters jigger the numbers. Loopholes were the POINT of the fast shitty law-writing. Can't blame nobody -- it's the law! Enrich corporations and their lawyers HUUGEly! Overflow the swamp!


Random thought: The Kentucky Fried Chicken - Taco Smell conglomerate wins either way. Is anyone from their board on Team Tromp?

You are exactly right. The whole reason to rush this through Congress with no debate was to ensure the rich would get their lawyers finding ways to weasel out of paying their fair share. Again Forbes.

Andrew Puzder withdrew from the Labor Secretary considerations because he's a jerk.

 

[Chivas2infinity]

You're idea of history is pathetic. How do you account for the booming economy after Clinton and Obama raised taxes? You can't.

Easy.
In both cases, consumers' credit limits were increased, driving both consumption and demand. Credit lines with high limits (and APRs) went out to folks with low IQs.
The credit line increase has replaced the paycheck increase as the nation's economic driving force.

 

[BotanyBoy]

Dawn of course, as always, misses the point of Trump's tax plan. Since it was rushed through and so shittily written there are plenty of loopholes the rich can exploit. But don't take my word for it, take dawn's preferred credibly source: Forbes.

Oh noes!! The right might get the same breaks as everyone else!!

You are exactly right. The whole reason to rush this through Congress with no debate was to ensure the rich would get their lawyers finding ways to weasel out of paying their fair share

Paying their fair share?

Oh you want a flat tax??

I thought you wanted to fuck the rich over and destroy them.

I love the whole "tax the rich" meme. It's so blissfully ignorant.

The tax code is filled with benefits for the rich that NO ONE talks about doing away with.

Because then they wouldn't get those tax breaks either.

The left, especially hard lefties like DanC, don't care about fairness they just want to destroy those who have more than they do because that's what a basic leftist is.

A jealous, sad, pathetic shit who can't hustle their own game.

We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defense, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America.

One sentence into the Constitution and you're fucking destroyed. #sad!

Nothing about that sentence backs you up your demented idea that the government has some kind of role in imposing equality, and of imposing equality of income.

Which is not the same thing as general welfare.

 

[Chivas2infinity]

Dear liberals and leftists: the class war is over. We, the working class, lost. It's every man, woman, and non-binary whatever-whatever for themselves. Get over it, stop trying to fight battles and wars that we are bound to lose (thanks to NAFTA and other pro-global corporate capitalism policies), and move on.

XOXOXO,
Your Democratic Party

 

[Hypoxia]

Easy.
In both cases, consumers' credit limits were increased, driving both consumption and demand. Credit lines with high limits (and APRs) went out to folks with low IQs.
The credit line increase has replaced the paycheck increase as the nation's economic driving force.

Sure, rewrite history. See where it gets you.

Who were you before?

 

[BoyNextDoor]

Hypoxia... The people in your example still get to deduct their mortgage interest, just as they could under the old law.

You understand, I hope, that the SALT and mortgage deductions remain, they have just been capped:

• Property, state and local income taxes face a combined $10,000 deduction limit.
• While the deduction limit pertaining to mortgage interest drops to $750,000 of debt, it remains $1 million for homes purchased before Dec. 15 of this year.

S. O'Brien, These changes under the GOP tax plan affect homeowners, CNBC (Dec. 20, 2017).

In other words, under the new tax reform, only the very rich (those with > $750k in mortgage debt or who pay > $10k in SALT) will not get to entirely deduct these payments.

That is not the "very rich"

 

[coachdb18]

Paying their fair share?

The left, especially hard lefties like DanC, don't care about fairness they just want to destroy those who have more than they do because that's what a basic leftist is.

Nothing about that sentence backs you up your demented idea that the government has some kind of role in imposing equality, and of imposing equality of income.

Which is not the same thing as general welfare.

One thing you will never get a direct answer from the lefties on, is what a 'fair share' is... it's their moving target for taking whatever they deem it to be, irrespective of what the basic government NEED for a tax may be. They don't care what it's for, so long as it's used for the 'redistribution of the wealth'... which was NEVER a basic reason for government.

 

[Chivas2infinity]

Sure, rewrite history. See where it gets you.

Who were you before?

I'm me. I don't believe in reincarnation. That is what happened. Easy credit created a bubble that began with Clinton, burst late into Bush, and restarted under Obama. It will have the same effects as the one before it.
I'm not re-wring history. Then again, we're not learning from it, either.

edit: check out the Academy Award winning documentary "Inside Job" for further details.

 

[DawnODay]

Hypoxia... The people in your example still get to deduct their mortgage interest, just as they could under the old law.

You understand, I hope, that the SALT and mortgage deductions remain, they have just been capped:

• Property, state and local income taxes face a combined $10,000 deduction limit.
• While the deduction limit pertaining to mortgage interest drops to $750,000 of debt, it remains $1 million for homes purchased before Dec. 15 of this year.

S. O'Brien, These changes under the GOP tax plan affect homeowners, CNBC (Dec. 20, 2017).

In other words, under the new tax reform, only the very rich (those with > $750k in mortgage debt or who pay > $10k in SALT) will not get to entirely deduct these payments.

That is not the "very rich"

Really?

Let's see...

To "have > $750k in mortgage debt," your house is probably worth well over $800,000.00.

To "pay > $10k in SALT," you probably have an income of at least $200,000.00.

You do not think those are the people Hypoxia and her ilk want to pay more in taxes?

 

[Hypoxia]

Check median home prices in various locales. Check listed offerings. You can buy a very nice mini-mansion on an acre around Nashville for US$350k. Around Sunnyvale, a 1200-sq-ft 2-bedroom 1950's ranch-style fixer-upper on a tiny lot starts at about US$850k. Sure, there are alternatives. Ask the software engineers living in their cars.

Higher-priced properties are concentrated in the prosperous, productive blue states. The new loophole-filled tax structure was designed to punish states that voted (D). Ironically, this guarantees they'll stay (D) -- the few (R) pols remaining in punished states are dropping fast. And some of those high-priced districts are full of so-far (R) voters who aren't happy with the results. Gerrymandered, poor states will stay (R) and mired in the past. Productive states will look to the future.

 

[dan_c00000]

Paying their fair share?

I thought you wanted to fuck the rich over and destroy them.

I want a tax on the rich of 97%.

 

[coachdb18]

I want a tax on the rich of 97%.

Good luck on your first home purchase in North Korea...