GOP Tax Plan explained

[BoyNextDoor]

Speaking of things being sold as one thing but are really another (read as Lies told by Ryan and Trump):

If you are paid on a Schedule K-1, are a hedge fund manager or receive real estate trust income you get to rob the treasury.

If you are paid on a W-2 and take the standard deduction you are going to do better on your takes to the tune of about $2K maybe $2500. But you took on $20K in debt to get that $2500.

So they took out a credit card in your name, gave you $2500 and kept the $17500 to pay the real estate investors and hedge fund managers and left you with the responsibility for the $20K credit card debt.

Is that why you voted for Trump?

 

[Rightguide]

Speaking of things being sold as one thing but are really another (read as Lies told by Ryan and Trump):

If you are paid on a Schedule K-1, are a hedge fund manager or receive real estate trust income you get to rob the treasury.

If you are paid on a W-2 and take the standard deduction you are going to do better on your takes to the tune of about $2K maybe $2500. But you took on $20K in debt to get that $2500.

So they took out a credit card in your name, gave you $2500 and kept the $17500 to pay the real estate investors and hedge fund managers and left you with the responsibility for the $20K credit card debt.

Is that why you voted for Trump?

How is it robbing the treasury when you're simply allowed to keep more of your own money? All money in the US doesn't belong to the government.

 

[adrina]

Speaking of things being sold as one thing but are really another (read as Lies told by Ryan and Trump):

If you are paid on a Schedule K-1, are a hedge fund manager or receive real estate trust income you get to rob the treasury.

If you are paid on a W-2 and take the standard deduction you are going to do better on your takes to the tune of about $2K maybe $2500. But you took on $20K in debt to get that $2500.

So they took out a credit card in your name, gave you $2500 and kept the $17500 to pay the real estate investors and hedge fund managers and left you with the responsibility for the $20K credit card debt.

Is that why you voted for Trump?

Don't tax and spend.

 

[phrodeau]

How is it robbing the treasury when you're simply allowed to keep more of your own money? All money in the US doesn't belong to the government.

Does your cash have your name on it?

 

[Liar]

Don't tax and spend.

What, like, don't tax anything and don't spend anything?

 

[adrina]

What, like, don't tax anything and don't spend anything?

No. They don't tax but they still spend.

Granted they will want to slice and dice "entitlements" now. That will be interesting as Trump promised not to touch social security. And a lot of the older folks who voted for him rely on Medicare and Medicaid.

 

[Liar]

No. They don't tax but they still spend.

Granted they will want to slice and dice "entitlements" now. That will be interesting as Trump promised not to touch social security.

Ah got it. It almost read like you were advocating for the complete abolishment of the state there.

 

[oggbashan]

The theory is that lowering tax rates on higher income earners and corporations means they will spend less effort on avoiding tax. So the tax receipts could increase.

It also means that corporation taxes are closer to European rates so US products become more competitive.

 

[Hypoxia]

As I understand it, corporations will be taxed on USA income but not on overseas revenues. Thus corporations have incentive to move more investments and jobs out of the US. Of course, if their bean-counters are competent, they already pay nowhere near the nominal US rates. Now they'll be able to pay even less taxes and wages. Brilliant, eh?

 

[BobBalouski]

Only positive is Obamacare individual mandate repealed.

Still no reason to individually strive for $600K when statist federal government demands by force their $220K pizzo out of it. Stark poverty is so much friendlier to individuals longing free reign over their own labor/property in the United Socialist State of America today. Let them eat fiat!

 

[phrodeau]

According to the pundits, many of the biggest winners in the new tax plan are foreign investors. America second.

http://thehill.com/opinion/finance/...rs-from-trumps-america-first-tax-plan-are-not

 

[Hypoxia]

According to the pundits, many of the biggest winners in the new tax plan are foreign investors. America second.

http://thehill.com/opinion/finance/...rs-from-trumps-america-first-tax-plan-are-not

What, Tromp lied?!?

Say it ain't so!!

Oh yeah. don't forget that the Tromp family will make out like billionaires with the new plan. I'm reminded of when "Shoeless Joe" Jackson led the Chicago "Black Sox" to ignominy by throwing a world series.

A desperate fan cried, "Say it ain't so, Joe!"

The disgraced player said, "I did it for the wife and kids."

That's part of Tromp's excuse, too. I guess those foreign investors, sovereign funds, and multinational corporations are his extended family. And the smart guys at Goldman Sachs are just like jolly uncles. What a cozy scene...

 

[Hypoxia]

Only positive is Obamacare individual mandate repealed.

Yeah, they really cut Romneycare. Hey, who needs a healthy population? Better if millions stay sick. Poverty and misery are good for their souls, eh? We know the Gup replacement plan. Don't get sick. If you do, then die soon. That'll be my coverage in a couple years.

 

[richard_daily]

What, Tromp lied?!?

Say it ain't so!!

Oh yeah. don't forget that the Tromp family will make out like billionaires with the new plan. I'm reminded of when "Shoeless Joe" Jackson led the Chicago "Black Sox" to ignominy by throwing a world series.

A desperate fan cried, "Say it ain't so, Joe!"

The disgraced player said, "I did it for the wife and kids."

That's part of Tromp's excuse, too. I guess those foreign investors, sovereign funds, and multinational corporations are his extended family. And the smart guys at Goldman Sachs are just like jolly uncles. What a cozy scene...

Trump did it to help his owner: Putin.

 

[WoundedKnee]

How is it robbing the treasury when you're simply allowed to keep more of your own money? All money in the US doesn't belong to the government.

It's not your money. It belongs to the government. Like the greedy employer, if you get to keep more, you are merely going to hoard it. It won't go into the economy, it will go into mattresses and coffee cans.

:nods:

 

[WoundedKnee]

Yeah, they really cut Romneycare. Hey, who needs a healthy population? Better if millions stay sick. Poverty and misery are good for their souls, eh? We know the Gup replacement plan. Don't get sick. If you do, then die soon. That'll be my coverage in a couple years.

DNC talking point. Obamacare did not change the number of people insured, it merely increased the pool of people who had to spend every single discretionary dollar at their disposal on health care they may not have needed under penalty of law which enriched corporate America (well 1/7 of it), which clearly pisses you off as a lover of corporate America. I hope you divested your stock, because as I have seen already in this morning in another thread, the predictable demise of the entire American stock market. Today, it is not Obama's stock market, but the Trump Bitcoin Bubble.

lol

Catch 22.2: I hate corporate America, but goddammit, if you take money away from them, I hate you more!

 

[EternalFantasies]

Speaking of things being sold as one thing but are really another (read as Lies told by Ryan and Trump):

If you are paid on a Schedule K-1, are a hedge fund manager or receive real estate trust income you get to rob the treasury.

If you are paid on a W-2 and take the standard deduction you are going to do better on your takes to the tune of about $2K maybe $2500. But you took on $20K in debt to get that $2500.

So they took out a credit card in your name, gave you $2500 and kept the $17500 to pay the real estate investors and hedge fund managers and left you with the responsibility for the $20K credit card debt.

Is that why you voted for Trump?

Yup. You explained it alright

I'm new to the US tax system, healthcare system, in their details and options etc.

You certainly aren't helping explaining at all.

 

[contrifan32]

www.TaxPlanCalculator.com

Oh and Rob... never mind.

 

[RobDownSouth]

www.TaxPlanCalculator.com

Oh and Rob... never mind.

"Never mind"? As if! Tell us, wise one, can we once again trust numbers coming out of the Federal government? Or are they still "nigger numbers"? Hmmm?

 

[phrodeau]

www.TaxPlanCalculator.com

Oh and Rob... never mind.

Best put every penny saved into the bank for after Social Security is canceled.

 

[contrifan32]

Best put every penny saved into the bank for after Social Security is canceled.

If you are relying on Social Security for your retirement, you are a bigger moron then previously established.

 

[contrifan32]

"Never mind"? As if! Tell us, wise one, can we once again trust numbers coming out of the Federal government? Or are they still "nigger numbers"? Hmmm?

Without addressing the racist term you are so fond of using, I was going to point out yet another wooden stake plunged in the heart of the blood sucking legislation you were (and still are) so proud of. Being in the Christmas spirt I thought otherwise.

 

[Hypoxia]

If you are relying on Social Security for your retirement, you are a bigger moron then previously established.

Be kind. Tell your old grandma that the supplemental income program she paid into all her working life will go away - but don't worry, you'll support her for the rest of her mortal days, paying her medical bills and inflated expenses. Good on you!

And you'll support your parents in their dotage too, right? Of course you will!

 

[BoyNextDoor]

Do you like your $2500 in cash in exchange for $20K in debt?

 

[RobDownSouth]

Obamacare did not change the number of people insured

Obamacare increased the number of people insured.

No amount of revisionist horseshit gaslighting on your part can change that fact.

Also:

• Haitians are, in fact, human
• One dollar, one quarter and one nickel equals $1.30, not "92 cents"

Take your "alternate facts", shine them up real good, turn them sideways and stick them up your off-board bro's ass.