what does that have to do with moving a soccer box?

BTW, Keed, remember how you were incredulous as to how Republican voters would not notice that their taxes are going up? And I told you the Republicans would just lie and all the slappies would buy it? Pay attention to the next few awval posts.

the richest people in this country are taxed as pass throughs

40% to 25% is like a 35% tax cut for the Kochs

In summary its not true and, hypothetically, if I were to describe someone who believes otherwise, the words might hypothetically constitute a personal attack

I'm surprised this comment didn't get any attention. Oh wait, no I'm not, cause it's obviously true unless I'm saying it.

I literally ran the numbers.

It’s a small tax benefit.

However, it was probably not worth risking the end of our species in voting TRUMP tho.

Good analysis except that Illinois is not a high income tax state.

No, I said that people would notice that large fractions of their retirement savings were effectively confiscated if Roth 401ks were abolished a few years after Republicans forced everyone to switch from traditional to Roth 401k. Which I still believe and is certainly and obviously true.

And I said that the intermediate and much smaller step of reducing traditional 401k contributions would probably not pass and would be very unpopular. And what do you know, that fairly minor change is not even in the plan.

Also-- let's say you're making $225k with a mortgage in NJ. Isn't there a huge chance you were paying the AMT anyway? So this might not be as murderous as it seems to that segment. (This is an earnest question BTW, could easily be wrong)

I'm old enough to remember when it was gonna be $4000

This is pretty lazy and ignores a whole bunch of second order effects.

US credit rating would crater. Retirees on fixed income would panhandle for food. You think you've eliminated debt but you've just made the next generation of Americans face even more astronomical prices and more of a debt burden.

people who have lots of money don’t just let it sit around, and inflation doesn’t destroy real value. they don’t care about inflation.

if governments who owe a lot of money sought to destroy the value of those bonds by letting go of inflation, those governments would quickly find themselves unable to find creditors to cover the budget deficits, and that’s not a crisis you can print your way out of.

The ultimate problem is if inflation is low, there is no incentive to invest it. That is because it doesn’t lose enough value to make it a worse bet than the risk of investment. So a large pool of money is on the sidelines. There is one country that’s experimenting with having a negative interest rate for this reason. However I feel like the gop and wall street would angle shoot the **** out of that idea in the USA.

So yeah, when republicans are talking about inflation, they are just trying to scare you into making an irrational choice.

Syler, you really think there isnt enough investment right now in 2017?

We are lowering the taxes, of course we gotta lower them the most on the 1%, they pay the most remember? And they only have 50% of the wealth in the country. Duh.

Schooled by Awval.....the shame.
I am self banning myself for one minute!

The bill was only 429 pages. Gotta be a very big postcard.

SALT taxes aren't limited to income tax.

>50% of all SALT deductions go to taxpayers in six states. And yes, Illinois is one of the six.

No one is talking about the pass through rate. It’s all a ****ing circus to distract to get that passed

So the capital class is pretty much the only ones benefiting from this. I mean I know that's stating the obvious, but it's sort of lol how flagrant the GOP tax bill is.

I suppose the upper middle class is the only cohort of plebes left with any meat on their bones and the owners of capital can't abide that so they're passing this bill to get every last morsel on the bone.

They need 60 to get it passed...

Yep. Every bit of it is a crock and a distraction to get the low pass through rate, no AMT, and no estate tax. Just a scam to benefit the rich. Nothing more than moving money around for the poor and middle class.

Had no idea. Thanks.

Source? If it raises the deficit by < $1.5T in 10 years, then they can do it with 51.
http://www.businessinsider.com/trump...budget-2017-11

Those new brackets look ok, and the removal of the AMT and the SALT deduction would be fine if this were a tax increase bill, and were paired with elimination of the carried interest loophole and an increase in the estate tax. Do these ****ers believe the **** they are selling -- that one so-called deficit hawk saying that a little deficit spending via tax cuts (?!) will stimulate the economy -- are they that stupid?

Pretty sure I heard one on NPR the other day