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Forum » GOP unveils final $1.5T tax plan
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Thread: GOP unveils final $1.5T tax plan

post 1537764501 12-17-2017, 08:48 AM
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#121
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Originally Posted By SillieBazzillie⏩
I'm referring to total dollars saved. The group saving the most total dollars is the group that benefits the most.
You sound like a little kid crying because his dad got a bigger piece of cake than him.
post 1537764751 12-17-2017, 08:52 AM
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#122
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Originally Posted By SillieBazzillie⏩
I'm referring to total dollars saved. The group saving the most total dollars is the group that benefits the most.
Not if it's a smaller % for them, no they don't "benefit" the most, in simplistic terms the amount of benefit is tied to how big the % is that you are now getting to keep that you were having to give to the government before this bill. Someone suddenly getting to keep say net 10% more is way more impactful on their life then someone getting to keep 2%, regardless of the raw dollar value but the benefit is greater the closer you are to breaking even fiscally per year.

If you're in the top .01% making 100 million per year, 2 million extra isn't that big a deal or "beneficial", not gunna change your life at all.

If you're making 45-70k like most people and the standard deduction is doubled from 6 to 12k for individuals as well as your rate on the remainder dropping by 3-4% and the unaffordable healthcare act mandate being removed and the child tax credit doubling.....

What is it with the left and simple numbers god damn. Are you being purposely ignorant to avoid having to admit the middle/lower class are helped way more then the rich in this bill or can you just not wrap your brains around this stuff...
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post 1537766361 12-17-2017, 09:18 AM
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#123
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Originally Posted By SillieBazzillie⏩
It's the fed's job to curb high tax states?
It's certainly not their job to pick up the tab and subsidize your state taxes, thereby providing incentive for California politicians to jack up state taxes to the moon knowing residents of the state can just write them off.
Originally Posted By SillieBazzillie⏩
What if the residents of those states prefer a higher level of education and services that come from the higher taxes?
Then they should pay for those services with their state taxes. Stop expecting the rest of the country to foot the bill.
post 1537768001 12-17-2017, 09:51 AM
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Originally Posted By SillieBazzillie⏩
This bill has been classified as a middle class tax cut. When in fact the bill disproportionately reduces the taxes of the 1%. So while the middle class will get a modest tax cut, referring to the bill by this moniker is intellectually dishonest. It should be called a tax cut largely for the rich which will also benefit the middle class but to a much lower extent. That'd be much more accurate.
I can play this game too.

As a percentage of the population, who is this bill helping more? The "1%" or the 45-99% who make up the middle class? Wow, it's almost like it's a "middle class tax cut" because it's a cut for so many more people than just the 1%.
post 1537778731 12-17-2017, 12:25 PM
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#125
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This is why tax cuts are always good

“It’s the bill of rights, not the bill of requests. Rights are not up for negotiations.” Thomas Massie, MAGA enemy #1
post 1537788581 12-17-2017, 02:15 PM
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#126
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Originally Posted By Ephedra⏩
-Tax cuts for businesses allowing higher production of goods and/or services

-Tax cuts for consumers allowing more expendable money to buy from said businesses

moksha: BAD FOR THE ECONOMY!

Hot damn brah, econ 101 not even once.
Dont forget:
Not stealing = giving
Disagree with a Marxist and you will be targeted as part of the problem.
post 1537791561 12-17-2017, 02:50 PM
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#127
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Originally Posted By SillieBazzillie⏩
It's the fed's job to curb high tax states? What if the residents of those states prefer a higher level of education and services that come from the higher taxes?
They can keep paying higher state taxes. No reason they should pay a less effective federal tax rate because their state is taking more of their money.
post 1537791851 12-17-2017, 02:54 PM
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post 1537794611 12-17-2017, 03:27 PM
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#129
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The tax bill isn't that bad but stuff like this is ridiculous.

BREAKING: Sen. @JohnCornyn tells @ThisWeekABC that last-minute provision enriching @SenBobCorker & other GOP lawmakers was added to the tax bill as part of an effort to “cobble together the votes we needed to get this bill passed”https://t.co/5spNBNb8Vl
post 1537797821 12-17-2017, 04:00 PM
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#130
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Originally Posted By Stizzel⏩
This is why tax cuts are always good

my kind of woman. would consent.
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post 1537798001 12-17-2017, 04:03 PM
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#131
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Originally Posted By ceizer1985⏩
The tax bill isn't that bad but stuff like this is ridiculous.

BREAKING: Sen. @JohnCornyn tells @ThisWeekABC that last-minute provision enriching @SenBobCorker & other GOP lawmakers was added to the tax bill as part of an effort to “cobble together the votes we needed to get this bill passed”https://t.co/5spNBNb8Vl
just heard McCain will miss the vote. Too bad for the Dems, as I'm sure they were counting on his vote (against it).
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post 1537799881 12-17-2017, 04:22 PM
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#132
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Originally Posted By tng83⏩
It's cute how libs pretend to give a **** about deficits all of a sudden.
Dems care about deficits when the GOP is in power.
The GOP cares about deficits when Dems are in power.

Both parties are willing to sell out our future generations to win elections. Telling the truth won't get you elected, so instead they construct elaborate lies to justify deficit spending when they do it, but cry when the other guy does it.
When all that says 'it is good' has been debunked, what says 'I want' remains.

- CS Lewis
post 1537800451 12-17-2017, 04:29 PM
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#133
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Originally Posted By ceizer1985⏩
The tax bill isn't that bad but stuff like this is ridiculous.

BREAKING: Sen. @JohnCornyn tells @ThisWeekABC that last-minute provision enriching @SenBobCorker & other GOP lawmakers was added to the tax bill as part of an effort to “cobble together the votes we needed to get this bill passed”https://t.co/5spNBNb8Vl
What’s ridiculous? That 95% of US businesses will benefit from these tax cuts, or that your ridiculous source hysterically & falsely rants about it only benefiting Republican politicians?

“Most business in the US are organized as one of these entities. According to the Brookings Institution, about 95 percent of businesses fall into that category.”
https://www.cbsnews.com/news/whats-a...hrough-income/
post 1537800721 12-17-2017, 04:32 PM
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#134
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Originally Posted By ZenBowman⏩
Dems care about deficits when the GOP is in power.
The GOP cares about deficits when Dems are in power.
Except... the last time Democrats controlled Congress, they consistently createdactual, annualdeficitsten times largerthen the projected total impact of this tax law over the next decade.
post 1537801051 12-17-2017, 04:36 PM
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Originally Posted By pUniCepts⏩
just heard McCain will miss the vote.Too bad for the Dems, as I'm sure they were counting on his vote (against it).
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post 1537801061 12-17-2017, 04:36 PM
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#136
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Just about everyone should start seeing bigger checks in February.

On a negative note personally, living in NJ and paying 18k in property tax, I'll now only be able to deduct 10k max. State and local taxes no longer deducted.

Can't complain though since so many people who make less are getting relief.
post 1537806301 12-17-2017, 05:27 PM
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#137
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Originally Posted By pUniCepts⏩
my kind of woman. would consent.
Definite wife potential
“It’s the bill of rights, not the bill of requests. Rights are not up for negotiations.” Thomas Massie, MAGA enemy #1
post 1537807631 12-17-2017, 05:42 PM
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#138
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Originally Posted By pUniCepts⏩
just heard McCain will miss the vote. Too bad for the Dems, as I'm sure they were counting on his vote (against it).
He's available to vote "yes" if necessary but they don't need him given corker is now onboard.
post 1537808921 12-17-2017, 05:53 PM
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#139
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Originally Posted By nutsy54⏩
What’s ridiculous? That 95% of US businesses will benefit from these tax cuts, or that your ridiculous source hysterically & falsely rants about it only benefiting Republican politicians?

“Most business in the US are organized as one of these entities. According to the Brookings Institution, about 95 percent of businesses fall into that category.”
https://www.cbsnews.com/news/whats-a...hrough-income/
Great because 95% of the businesses means 95% of the population will benefit from this.

Right?
post 1537809521 12-17-2017, 05:58 PM
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#140
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Originally Posted By SillieBazzillie⏩
Nutso, who benefits the most from this bill from a % and total dollars saved basis, the middle class or the 1%?
The 1%. So what?
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post 1537809541 12-17-2017, 05:58 PM
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#141
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Originally Posted By ceizer1985⏩
Great because 95% of the businesses means 95% of the population will benefit from this.

Right?
Wow. You ignore the content of what I said, and the post I replied to, just to change your story and make up a ridiculously ignorant lie that implies every taxpayer owns a business.

As usual, I have to ask why people pushing your agenda need to hide behind so many lies and false claims? Why do you constantly change your story, instead of simply admitting you were wrong?
post 1537810701 12-17-2017, 06:10 PM
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#142
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Originally Posted By nutsy54⏩
Wow. You ignore the content of what I said, and the post I replied to, just to change your story and make up a ridiculously ignorant lie that implies every taxpayer owns a business.

As usual, I have to ask why people pushing your agenda need to hide behind so many lies and false claims? Why do you constantly change your story, instead of simply admitting you were wrong?
Interesting, you've done this a few times over the past week where you completely change the premise of your argument as soon as your caught and pretend the other person is at fault.

Corker went from a hard "no" to a "yes" for no real reason and even admitted he hadn't even read the bill yet. It was senator corryns admission about corraling votes that led reporters to find out what had happened.

You used the 95% number to try to suggest that a lot of voters outside the senators will benefit from this provision. Although that may be true, I suspect that the wealthiest among us are the ones who own the majority of such organizations.
post 1537812051 12-17-2017, 06:21 PM
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#143
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Originally Posted By ceizer1985⏩
Interesting, you've done this a few times over the past week where you completely change the premise of your argument as soon as your caught and pretend the other person is at fault.

Corker went from a hard "no" to a "yes" for no real reason and even admitted he hadn't even read the bill yet. It was senator corryns admission about corraling votes that led reporters to find out what had happened.

You used the 95% number to try to suggest that a lot of voters outside the senators will benefit from this provision. Although that may be true, I suspect that the wealthiest among us are the ones who own the majority of such organizations.
No... CBS cited the 95% number. Neither of us said anything about “voters”.

Meanwhile, you change your story to hide behind what you “suspect”.
post 1537812181 12-17-2017, 06:22 PM
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#144
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Originally Posted By nutsy54⏩
No... CBS cited the 95% number. Neither of us said anything about “voters”.

Meanwhile, you change your story to hide behind what you “suspect”.
Go to sleep. You need rest.
post 1537812191 12-17-2017, 06:22 PM
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#145
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Originally Posted By ceizer1985⏩
You used the 95% number to try to suggest that a lot of voters outside the senators will benefit from this provision. Although that may be true, I suspect that the wealthiest among us are the ones who own the majority of such organizations.
Of course people "more well off" own businesses. But a business getting a tax cut can now hire and give raises to veteran employees. For my company, we plan to hire 20+ entry level workers in manufacturing as well as three 40k-60k sales and marketing office employees. It's a snowball effect that helps ALL people.

And we're just a "smaller" family owned business with 125 employees. I imagine the larger corporations have greater expansion plans.

Don't believe the liberal talking point that the extra money businesses receive from tax cuts just gets shoved into Dr. Evil's pockets.
post 1537812421 12-17-2017, 06:23 PM
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#146
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wait a minute...

they are doing away with the $4050 exemption???

so now instead of $4050 plus $10k itemized deduction I only get a $12k standard deduction. lmao what a fukking joke.
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post 1537812581 12-17-2017, 06:24 PM
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#147
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Originally Posted By ceizer1985⏩
Go to sleep. You need rest.
Says the guy who can’t directly or intelligently respond to anything I’ve posted. Just keep hiding behind childish personal insults while avoiding facts at all costs...
post 1537813941 12-17-2017, 06:36 PM
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#148
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Originally Posted By pUniCepts⏩
wait a minute...

they are doing away with the $4050 exemption???

so now instead of $4050 plus $10k itemized deduction I only get a $12k standard deduction. lmao what a fukking joke.
Yes, it favors those filing standard deductions(plus the added child deductions for familys). But also the tax rates have changed, I have no idea where I will end up and will just wait and see when I file.
post 1537814041 12-17-2017, 06:37 PM
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#149
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Originally Posted By pUniCepts⏩
wait a minute...

they are doing away with the $4050 exemption???

so now instead of $4050 plus $10k itemized deduction I only get a $12k standard deduction. lmao what a fukking joke.
Still likely to make out better with the new tax brackets
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post 1537819051 12-17-2017, 07:26 PM
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#150
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John McCain returning home to AZ, and will miss the vote.
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