The GOP's tax cut just keeps getting worse

Discussion in 'Current Events' started by MrTLegal, Feb 11, 2019.

  1. struth

    struth Well-Known Member

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    It's hard to get unemployment much lower then what Trump was able to get down.
     
  2. struth

    struth Well-Known Member

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    It doesn't though...mine is the CBO, you used an opinion piece
     
  3. squidward

    squidward Well-Known Member

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    The poster was claiming refunds were lower.
    So what? Total tax owed is all that matters
     
  4. Jestsayin

    Jestsayin Well-Known Member Past Donor

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    Sorry you are struggling with the new tax laws but the judges may have a lot to do with it if you "resist" paying and wind up in front of one of those judges, especially if you wear your Bernie Bro' shirt into the courtroom.
     
  5. Bluesguy

    Bluesguy Well-Known Member Donor

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    I don't know of any punishment by color, what specifically made your taxes go up and by how much, your actual taxes not that your refund was lower.
     
  6. MrTLegal

    MrTLegal Well-Known Member

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    The treasury department is not an opinion piece.
     
  7. MrTLegal

    MrTLegal Well-Known Member

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    And total tax is lower because corporate tax revenue is down 31%.
     
  8. Bluesguy

    Bluesguy Well-Known Member Donor

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    Without knowing exactly each persons circumstance and reasons their tax liability went up your picture of their Tweets is entirely specious. And trying to blame it on their SALT? The first $10K is STILL exempt and for their taxes to go up and additional $5K at an effective rate of 20% would mean they are paying the $10K plus another $25K in SALT taxes for a total of $35K in just SALT taxes.

    I thought you wanted taxes to go up on the wealth and high earners?
     
    Last edited: Feb 11, 2019
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  9. MrTLegal

    MrTLegal Well-Known Member

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    Corporate tax revenue is down 31%.

    Start there.
     
  10. Pollycy

    Pollycy Well-Known Member

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    For 2018, reported this year....

    2017? No, I'm not a late-filer....
     
  11. Pollycy

    Pollycy Well-Known Member

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    You must have misread what I wrote -- I blame BOTH Republicans and Democrats for doing NOTHING to make the U. S. Tax Code fundamentally fair to all taxpayers. We can only achieve that by establishing what people in each of the income brackets actually must pay as a percentage of their actual incomes -- and then permanently remove all the loopholes, shelters, exclusions, exemptions, deductions, other 'write-off's', and provisions for crap like 'carried-interest' and other unfair provisions for overseas profits that somehow almost always get repatriated eventually with some kind of bullshit "tax holiday".... :party:

    Putting somebody in a astronomically-high bracket commanding a sky-high tax collects absolutely NOTHING as long as the big-rich can use the tax code to actually pay little or nothing in taxes. This is why they hire armies of tax lawyers and tax accountants! This has been true for decades, under BOTH Republican and Democrat regimes. Have you really not noticed this? How long have you been earning money and paying taxes...?

    All I want is fairness and equality in the paying of taxes -- for ALL of us....
     
    Last edited: Feb 11, 2019
  12. struth

    struth Well-Known Member

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    You quoted politicofact
     
  13. ArchStanton

    ArchStanton Banned

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    If you'd flip it off of CNN, you'd realize the world as it really is....all those things have been happening for well over a year.
     
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  14. TomFitz

    TomFitz Well-Known Member

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    Sloppy?????

    How dare you!

    The "deliberated" for almost an entire work week in the Senate before they rubber stamped (I mean voted) for it!

    About four hours of strictly ceremonial debate, no hearing, no conference committee, no town halls, nothing.

    Just slide it over the McConnell, keep Trump from screwing it up, and vote real quick before someone notices.
     
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  15. MrTLegal

    MrTLegal Well-Known Member

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    And if you'd flip on the news, you'd realize that those things have been happening for several years.

    The increases in those numbers since the implementation of the GOP tax cut is the same or worse as the previous yearly trends.
     
  16. TomFitz

    TomFitz Well-Known Member

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    Facts leave them confused and angry!
     
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  17. Jestsayin

    Jestsayin Well-Known Member Past Donor

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  18. Professor Peabody

    Professor Peabody Well-Known Member Past Donor

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    What he's not saying is the federal cap on deductible property tax over $10,000 is lumped in with all those in the middle class that got increases making the benefits look worse.
     
  19. Professor Peabody

    Professor Peabody Well-Known Member Past Donor

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    Of course they don't. They only want taxes to go up on wealthy conservatives.
     
  20. Bluesguy

    Bluesguy Well-Known Member Donor

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    Don't dodge we've already started here. SALT is about PERSONAL income taxes.

    Without knowing exactly each persons circumstance and reasons their tax liability went up your picture of their Tweets is entirely specious. And trying to blame it on their SALT? The first $10K is STILL exempt and for their taxes to go up and additional $5K at an effective rate of 20% marginal rate would mean they are paying the $10K plus another $25K in SALT taxes for a total of $35K in just SALT taxes.

    I thought you wanted taxes to go up on the wealth and high earners?
     
  21. Bluesguy

    Bluesguy Well-Known Member Donor

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  22. MissingMayor

    MissingMayor Well-Known Member

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    And if you look at their record, the Republicans make changes that make the tax code LESS FAIR. While you can argue against the Democrats maintaining the status quo, that is mostly due to Republican pressure, but either way it is more fair than the Republicans by a mile.
     
  23. Bluesguy

    Bluesguy Well-Known Member Donor

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    Yes they shift more of the burden onto the higher earners and eliminate millions at the bottom off the tax rolls altogether.
     
  24. MrTLegal

    MrTLegal Well-Known Member

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    I am not dodging ****. Trump tried to balance a massive reduction in corporate tax liability off the backs of voters in blue states.

    If you want to raise tax revenues - something that should be happening in a booming and growing economy - then bring back the taxes on corporations.

    Because the current plan of reducing their tax liability has not resulted in any significant wage increase, job creation, asset repatriation, or capital investment.
     
  25. MissingMayor

    MissingMayor Well-Known Member

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    Republicans? No, you must be kidding. They do the opposite.
     

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