"We Have A Historic Opportunity" - Senator Wyden Releases Dems' Plan To Tax Unrealized Capital Gains

I hire tax professionals, you're just wrong, admit it

 

Let's get back to FACTS:
Under Trump, the individual deduction was doubled, each bracket was cut, the corp tax was down 14%, the LLC exemption was $21,000, and student loan interest became deductible (think all that was for billionaires?). If you are not paying less in taxes it is because you paid none to begin with

 

still paid more, so what Trump said was a lie

 

Again, the facts are taxes went down. You need better tax professionals in your life.

 

you're wrong, simple as that

 

Again... back to FACTS:
Under Trump, the individual deduction was doubled, each bracket was cut, the corp tax was down 14%, the LLC exemption was $21,000, and student loan interest became deductible (think all that was for billionaires?). If you are not paying less in taxes it is because you paid none to begin with

 

again you're wrong, I paid more taxes under Trump

if you were one of the lucky ones that paid less, good for you

 

You'd paid more when taxes decreased.... uhmmmm.... you need a new CPA.

 

your probably are confused cause Trump changed the tax that was taken from your check each week, so you got less of a tax refund, that is not a tax cut, that was just moving the money around, many were shocked the next year when they realized what Trump had done

 

I will be fine then

 

Again.... tax RATES WENT DOWN.... READ IT..
Under Trump, the individual deduction was doubled, each bracket was cut, the corp tax was down 14%, the LLC exemption was $21,000, and student loan interest became deductible (think all that was for billionaires?). If you are not paying less in taxes it is because you paid none to begin with

See the part that says "brackets cut"? That means total tax went down... not wittholding.

 

Again... the FACTS:
Under Trump, the individual deduction was doubled, each bracket was cut, the corp tax was down 14%, the LLC exemption was $21,000, and student loan interest became deductible (think all that was for billionaires?). If you are not paying less in taxes it is because you paid none to begin with

 

ok, I am done, you never gonna get it

 

I'm sorry that you ripped yourself off... but I do understand your anger that you did so... Oh well... a lesson learned

 

Do you not know how to read and comprehend tax tables? Payroll withholding??

I do my own taxes. I paid less taxes under Trump than I did Obama.

 

I do not accept CBS News as a source of anything. They are fake news. Summarily dismissed.

 

just because your results were different then mine, doesn't mean your right

just be happy you got a tax cut, not everyone did

 

ok, you don't have to trust anyone, think your right if you want

 

Actually....... I have something almost entirely different in mind.....
turn real estate into a stage of sorts....and then come up with a series of film to be shot
on that real estate and voila... the value of that real estate can greatly increase within months or years.



http://www.politicalforum.com/index...ister-of-canada.592663/page-2#post-1073031809

I believe that it will be fairly easy to pay off the national debt of the USA from Canada but.... there are negative consequences.... the USA dollar and Canadian dollar could go to par which could be disastrous for factories in Ontario??????









Do we Canadians owe America an apology for 1750 - 1783?



?
Do Canadians and Brits owe America an apology for our ignorance in 1750 -1783?

1. 
   No.... Canada did not even exist until 1867.
   8 vote(s)
   17.8%
2. *
   Yes..... if we had been more well informed we would have supported USA independence.
   7 vote(s)
   15.6%
3. 
   No..... America should still be a part of the British Empire.
   3 vote(s)
   6.7%
4. 
   No.... we are not responsible for what our ancestors do.
   27 vote(s)
   60.0%

Change Your Vote

 

NYT - Face It: You (Probably) Got a Tax Cut

It's not a matter of being "one of the lucky ones". Almost everyone was "lucky", at least in that most people's taxes went down.

You've been cagey about specifics, while loudly proclaiming that you paid more. I suspect this is because of something obvious that you're being deceptive about, like an increase in income. What was your AGI and amount of taxes paid before and after the TCJA?

 

This plan will NOT be passed. It does NOT have, nor will it get, even majority support, much less the complete support that any Democratic initiative needs in the Senate (and near total support, in the House). Ergo, this is a disingenuous attack on Democrats, in general. It is merely one Democrat's attempt to deal with a very difficult situation.

In case you are completely clueless-- all indications to the contrary-- as to the current political context of the idea which you, here, intend to lambaste, I will get you up to speed. President Biden & the Democrats are trying to fulfill their promises to the American people, who put them in office, voting in approval of their plans to attend to a long overdue updating of our infrastructure, including/as well as, addressing the lack of affordable child care and elderly care, and changing the way our energy usage is contributing to the mounting wave of dire consequences, overshadowing our near and long-term future, arising out of global warming (to which, our nation contributes one-fifth of the world total of problematic emissions).

I consider it a laudable, positive aspect, of those plans, that they were formulated so as to NOT ADD to our NATIONAL DEBT, by including tax increases that the public, at large, strongly supports. To pay for all these important (or necessary, many would deem the more accurate descriptor) actions, the initial proposal was only to stop our most profitable corporations from paying zero in income taxes, as many do, and to return corporate taxes to where they had been, before Trump's fiscally irresponsible tax cuts (which shorted government funding, contributing another $2 trillion to our Debt), as well as to raise taxes on those earning over $400k a year, so that they pay their fair share for our system, from which they profit disproportionately.

Unfortunately, because no Republican Senators were willing to work with the Dems on this, the support of all 50 Democratic Senators was required, to pass the package. But 2 Senators are effectively smothering the plan, by cutting off the most practical ways of paying for it. Sen. Sinema has come out against raising corporate tax rates (something she never mentioned in her election campaign). The Democratic Caucus, to its credit, was able to deal with that huge torpedo, by coming up with an alternative: Senator Warren's tax, on exorbitant wealth. While Sinema accepted this replacement idea, the other hold out, Senator Manchin, is now saying that he opposes this funding channel. So, between the two, they appear coordinated, in not allowing any of Biden's campaign pledges, that have a cost, to be responsibly paid for, through increased government receipts. This, now desperate search for other sources of funds, is the context from which the proposal cited by your OP, appears.

So, it would be more sincere of you to treat the entire "build back better," legislation (which I assume that you are against). If, however, any of it passes-- and all its constituent parts enjoy majority support by American citizens-- how would you propose it should be paid for? Or would you say it was better to just add it to our government Debt? Without yourself taking any sort of stance on this cost, it is an easy, and meaningless, exercise for you to find fault in others' proposals.

 

I don't want my taxes raised. I don't know anyone that does. Folks that want higher taxes generally like to hit themselves in the head with a ballpeen hammer.

I don't see why we should spend money on anything. Loser folks that have kids they can't afford shoot themselves in the foot. I waited to have mine until I had finished college, established myself in my job and could afford it. Why should I be punished by having to pay for irresponsible folks? Gees, its tough enough raising my own family without having to worry about raising yours.

And, as with my kids, I planned for my retirement. I am responsible for me and you are responsible for you. Now, admittedly, there are physically, mentally or psychologically disadvantaged folks that need to be taken care of... but most folks aren't disabled in that way. And then there are those that have given so much and should receive in return, like Wounded Warriors and the like. But able bodied lazy bums are whole different category.

Can you name some of the "important actions" that I should be burdened with paying for? Can you name them? Specifically? I just don't see all the desperate need you do. Life is pretty good here... notwithstanding the endless illegal aliens overrunning us, the cowardly surrender in Afghanistan, and now your desire to burden us with huge taxes.

 

Coming from someone who blindly defends a criminal like Trump, blindly attacks Democrats with lies of omission, and blindly does the bidding of your Republican overlords, your statements are, by default, false until proven true.

And you have no proof.

Please continue, as it shows undecided voters how truly bankrupt and corrupt Republican and Trump supporters are on so many levels.