The GOP's tax cut just keeps getting worse

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

  1. struth

    struth Banned

    Joined:
    Oct 3, 2018
    Messages:
    11,896
    Likes Received:
    5,351
    Trophy Points:
    113
    It's hard to get unemployment much lower then what Trump was able to get down.
     
  2. struth

    struth Banned

    Joined:
    Oct 3, 2018
    Messages:
    11,896
    Likes Received:
    5,351
    Trophy Points:
    113
    It doesn't though...mine is the CBO, you used an opinion piece
     
  3. squidward

    squidward Well-Known Member

    Joined:
    Jan 23, 2009
    Messages:
    30,146
    Likes Received:
    5,324
    Trophy Points:
    113
    The poster was claiming refunds were lower.
    So what? Total tax owed is all that matters
     
  4. Jestsayin

    Jestsayin Well-Known Member Donor

    Joined:
    Aug 1, 2016
    Messages:
    9,117
    Likes Received:
    7,219
    Trophy Points:
    113
    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

    Joined:
    Jun 13, 2010
    Messages:
    95,516
    Likes Received:
    12,537
    Trophy Points:
    113
    Gender:
    Male
    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 Banned

    Joined:
    Feb 25, 2017
    Messages:
    23,353
    Likes Received:
    14,407
    Trophy Points:
    113
    The treasury department is not an opinion piece.
     
  7. MrTLegal

    MrTLegal Banned

    Joined:
    Feb 25, 2017
    Messages:
    23,353
    Likes Received:
    14,407
    Trophy Points:
    113
    And total tax is lower because corporate tax revenue is down 31%.
     
  8. Bluesguy

    Bluesguy Well-Known Member Donor

    Joined:
    Jun 13, 2010
    Messages:
    95,516
    Likes Received:
    12,537
    Trophy Points:
    113
    Gender:
    Male
    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
    Professor Peabody likes this.
  9. MrTLegal

    MrTLegal Banned

    Joined:
    Feb 25, 2017
    Messages:
    23,353
    Likes Received:
    14,407
    Trophy Points:
    113
    Corporate tax revenue is down 31%.

    Start there.
     
  10. Pollycy

    Pollycy Well-Known Member

    Joined:
    Sep 24, 2008
    Messages:
    20,046
    Likes Received:
    5,650
    Trophy Points:
    113
    Gender:
    Male
    For 2018, reported this year....

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

    Pollycy Well-Known Member

    Joined:
    Sep 24, 2008
    Messages:
    20,046
    Likes Received:
    5,650
    Trophy Points:
    113
    Gender:
    Male
    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 Banned

    Joined:
    Oct 3, 2018
    Messages:
    11,896
    Likes Received:
    5,351
    Trophy Points:
    113
    You quoted politicofact
     
  13. ArchStanton

    ArchStanton Well-Known Member

    Joined:
    Dec 29, 2018
    Messages:
    1,199
    Likes Received:
    1,198
    Trophy Points:
    113
    Gender:
    Male
    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.
     
    headhawg7 and BaghdadBob like this.
  14. TomFitz

    TomFitz Well-Known Member Donor

    Joined:
    Jan 9, 2013
    Messages:
    37,876
    Likes Received:
    13,196
    Trophy Points:
    113
    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.
     
    MrTLegal likes this.
  15. MrTLegal

    MrTLegal Banned

    Joined:
    Feb 25, 2017
    Messages:
    23,353
    Likes Received:
    14,407
    Trophy Points:
    113
    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 Donor

    Joined:
    Jan 9, 2013
    Messages:
    37,876
    Likes Received:
    13,196
    Trophy Points:
    113
    Facts leave them confused and angry!
     
    MrTLegal likes this.
  17. Jestsayin

    Jestsayin Well-Known Member Donor

    Joined:
    Aug 1, 2016
    Messages:
    9,117
    Likes Received:
    7,219
    Trophy Points:
    113
  18. Professor Peabody

    Professor Peabody Well-Known Member Past Donor

    Joined:
    Apr 19, 2008
    Messages:
    85,304
    Likes Received:
    9,401
    Trophy Points:
    113
    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

    Joined:
    Apr 19, 2008
    Messages:
    85,304
    Likes Received:
    9,401
    Trophy Points:
    113
    Of course they don't. They only want taxes to go up on wealthy conservatives.
     
  20. Bluesguy

    Bluesguy Well-Known Member Donor

    Joined:
    Jun 13, 2010
    Messages:
    95,516
    Likes Received:
    12,537
    Trophy Points:
    113
    Gender:
    Male
    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

    Joined:
    Jun 13, 2010
    Messages:
    95,516
    Likes Received:
    12,537
    Trophy Points:
    113
    Gender:
    Male
    Jestsayin likes this.
  22. MissingMayor

    MissingMayor Well-Known Member

    Joined:
    Mar 7, 2018
    Messages:
    4,615
    Likes Received:
    2,752
    Trophy Points:
    113
    Gender:
    Male
    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

    Joined:
    Jun 13, 2010
    Messages:
    95,516
    Likes Received:
    12,537
    Trophy Points:
    113
    Gender:
    Male
    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 Banned

    Joined:
    Feb 25, 2017
    Messages:
    23,353
    Likes Received:
    14,407
    Trophy Points:
    113
    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

    Joined:
    Mar 7, 2018
    Messages:
    4,615
    Likes Received:
    2,752
    Trophy Points:
    113
    Gender:
    Male
    Republicans? No, you must be kidding. They do the opposite.
     

Share This Page