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The Presidency of Donald J. Trump: No smocking guns. The Presidency of Donald J. Trump: No smocking guns.

04-26-2017 , 02:56 PM
JFC. Stock market triples, unemployment halved = malaise - because you watch FoxNews.

Translation: I feel better with Trump in charge, and that's all that really matters.

Borders matter. Sure ok - if ICE picking off grandmothers and DREAMERs because they're easy targets floats your boat - I guess you have a valid point. The wall is never getting built though and Mexico sure as hell isn't paying for whatever token section they put up for photo ops.

How has America acting like a superpower worked out since Korea? Feels good to say though.

WTF do you call the last 7 years if not economic growth?

Quote:
A good strong America should be the Normal.
Lol Trump is affecting your brain.

Last edited by suzzer99; 04-26-2017 at 03:03 PM.
04-26-2017 , 02:57 PM
But I'm already falling for the propaganda. When we argue about farms instead of The Waltons and Kochs they have already won.
04-26-2017 , 02:58 PM
Quote:
Originally Posted by shpanko
It just boggles my mind how the GOP is able to sell to the American people that the estate/death tax is some terrible thing that affects the average joe when in reality it only affects the super wealthy. How are they able to get away with this when the issue has been around for decades?
That is a holdover from 15 years ago when the exclusion amount was $1 million. The estate tax was a huge problem for family farms etc back then.

By 2011, the exclusion amount was up to $5 million, though, but the "family farm" argument never went away because most people don't know that the amount is 5x what it was 15 years ago.
04-26-2017 , 02:58 PM
Quote:
Originally Posted by poconoder
Trump's big success is redefining what America is about and what our principles are going to be going forward.

America's borders matter. Immigration is a good thing but WE will have it on our terms, we have the right to control our borders.

America will act like a superpower again. Our general impotency is over and the rest of the world is beginning to understand that now.

America will have strong economic growth and that means sometimes competing directly with foreign competitors. And reforming economic policy and taxation to spur that growth.

etc.

Trump's success is in restoring what America stands for, getting over the malaise of the past ten years.



We know you and others are against principles like those listed above, but we don't care about what you anti-Trumpers want. Making America strong domestically and internationally is what most of us want. A good strong America should be the Normal.
The cray cray is strong in you. I'll give you that.
04-26-2017 , 02:59 PM
Quote:
Originally Posted by Riverman
But I'm already falling for the propaganda. When we argue about farms instead of The Waltons and Kochs they have already won.
Right. Remember the utility of talking points isn't always to convince you but to shift the debate onto a convenient playing field. So we can all agree the family farm stuff is a complete ****ing sideshow and rolling back the estate tax is ultimately servile to like the top .01% or whatever but so long as we're busy wasting our time talking about the expense of maintaining heavy farm machinery then the job is done.
04-26-2017 , 03:01 PM
As a compromise, I'm willing to use the term "death tax," but only as relates to taxes on funeral homes and graveyards.
04-26-2017 , 03:04 PM
if you think america will have strong economic growth with these policies, then you'll have to explain why Kansas and Russia economies are dumpster fires with them.
04-26-2017 , 03:07 PM
Why can't Democrats or progressive find anyone to call it the Aristocracy tax or Aristocrat tax or something else instead of just accepting the Republican terms of the debate?
04-26-2017 , 03:09 PM
Quote:
Originally Posted by suzzer99
JFC. Stock market triples, unemployment halved = malaise - because you watch FoxNews.

Translation: I feel better with Trump in charge, and that's all that really matters.

Borders matter. Sure ok - if ICE picking off grandmothers and DREAMERs because they're easy targets floats your boat - I guess you have a valid point. The wall is never getting built though and Mexico sure as hell isn't paying for whatever token section they put up for photo ops.

How has America acting like a superpower worked out since Korea? Feels good to say though.

WTF do you call the last 7 years if not economic growth?



Lol Trump is affecting your brain.
poconoder isn't american, but he occasionally pretends to be in order to support donald trump and trash hillary clinton online
04-26-2017 , 03:12 PM
04-26-2017 , 03:13 PM
So that first bullet point:

Eliminate tax breaks that mainly benefit the wealthy

Was there any discussion of what these tax breaks were that they'd eliminate? Like they threw that one in and didn't even bother to make up a lie of what specifically that would be.
04-26-2017 , 03:14 PM
That's all the poconders of the world need though. Who are you going to believe, the lying FAKE NEWS media?
04-26-2017 , 03:27 PM
Quote:
Originally Posted by poconoder
Trump's big success is redefining what America is about and what our principles are going to be going forward.
We used to pay at least lip service to the integrity of our president, Trump's redefined the **** out of that.

Quote:
America's borders matter. Immigration is a good thing but WE will have it on our terms, we have the right to control our borders.
We used to be unafraid, everything about the boarder tightening is fear based.

Quote:
America will act like a superpower again. Our general impotency is over and the rest of the world is beginning to understand that now.
You don't understand what this means. Trump campaigned on an isolationist policy and is stumbling into foreign affairs like a 12 year old.

Quote:
America will have strong economic growth and that means sometimes competing directly with foreign competitors. And reforming economic policy and taxation to spur that growth.
When? What has he actually done other than take credit for the results from the Obama administration? What legislation or EO has he passed or signed is going to lead to this and how? My impression is that he has weakened regulations to the point that the environment may be harmed for decades to come.

Quote:
etc.

Trump's success is in restoring what America stands for, getting over the malaise of the past ten years.



We know you and others are against principles like those listed above, but we don't care about what you anti-Trumpers want. Making America strong domestically and internationally is what most of us want. A good strong America should be the Normal.
America was never weak. You were sold a bunch of lies by the Republicans and now you are going to be sold more lies that destroy the middle class and give giant tax breaks to the rich.
04-26-2017 , 03:32 PM
poconoder_lol
04-26-2017 , 03:35 PM
Quote:
2. Increasing the standard deduction

Another way the Trump plan aims to reduce taxes for Americans -- particularly those in the lower income brackets -- is to increase the standard deduction to $30,000 for married joint filers and $15,000 for singles, a dramatic increase from $12,600 and $6,300, respectively.

The trade-off is that personal exemptions will be eliminated, but this still works out favorably for families with two or fewer children, and overall, should work out favorably for most families considering the plan's child care benefits (more on that shortly). Also, the favorable head-of-household filing status will no longer be available.

https://www.fool.com/retirement/2016...as-presid.aspx



Quote:
Not all taxpayers would benefit from Trump's proposals. His plan calls for repealing personal exemptions for taxpayers and their dependents as well as the head of household filing status.

If that happens, single parents with dependent children and most married households with at least three dependents would pay more in federal income taxes.
http://www.cnbc.com/2017/01/22/how-t...x-bracket.html



I know these are months old, but I don't see any reason he wouldn't cut the personal exemption if he's increasing the SD twofold



I mean for me, personally, if they don't cut the employee health insurance benefit, I'll pay less in taxes. But overall this is a giant FU to 90% of the country.
04-26-2017 , 03:48 PM
Quote:
Originally Posted by fuluck414
Every news outlet should get ahold of those 2 pages of tax returns and do nothing but slowly explain the AMT to people and how Trump would have paid a whopping 3% in taxes that year without it.

Sent from my XT1650 using Tapatalk
I think I need that explanation, I don't really know how AMT works or what the world looks like without it.
04-26-2017 , 03:51 PM
Quote:
Originally Posted by goofyballer
I think I need that explanation, I don't really know how AMT works or what the world looks like without it.

Quote:
The alternative minimum tax (AMT) is a supplemental income tax imposed by the United States federal government required in addition to baseline income tax for certain individuals, corporations, estates, and trusts that have exemptions or special circumstances allowing for lower payments of standard income tax.
.
Quote:
AMT is imposed at a nearly flat rate on an adjusted amount of taxable income above a certain threshold (also known as exemption). This exemption is substantially higher than the exemption from regular income tax.

Regular taxable income is adjusted for certain items computed differently for AMT, such as depreciation and medical expenses. No deduction is allowed for state taxes or miscellaneous itemized deductions in computing AMT income. Taxpayers with incomes above the exemption whose regular Federal income tax is below the amount of AMT must pay the higher AMT amount.

The purpose is to make sure that even if someone (cheeto) has a net loss carryforward, or other large deductions, they are still taxed at a normal rate.

Its a rich people tax.

Which is why its gone, along with estate tax, and gift tax.
04-26-2017 , 03:52 PM
Lol @ eliminating the estate tax. That **** should be at least 90% on anything above like $250k.
04-26-2017 , 03:53 PM
Quote:
Originally Posted by goofyballer
I think I need that explanation, I don't really know how AMT works or what the world looks like without it.
Mathew Iglesias had a discussion on it when they were talking about Trump's taxes on The Weeds. Basically there a ton of exceptions for people whose personal finances and business finances are intertwined. If you take all those exemptions and your tax rates comes to below a certain threshold and your income is above a certain amount the AMT kicks in and you pay a higher tax amount.

Basically they realized that rich people who do certain things where they're eligible for a lot of business/ personal deductions could game the system by claiming a lot of deductions and instead of trying to sort out each individual deduction and prevent all the gaming they just said if your taxes are too low you're going to pay a higher rate.

The AMT is usually complained about by people who are rich but not super wealthy because the super wealthy have low tax rates because of how we tax capital vs labor etc.

Last edited by Huehuecoyotl; 04-26-2017 at 03:58 PM.
04-26-2017 , 03:54 PM
poco, are you happy to have only the prospect* of those things you posted, at the expense of human rights? I mean, what price are you willing to pay through Trump and his goonies? Are human health, freedoms, and lives worth it? Trump is out for himself and his image, so he's willing to throw the majority of us under the bus. Are you?

*It's only the prospect because a lot of it is just talk so far. "Trump will" do this and "Trump plans on" doing that. The actions actually taken are mostly weak EOs that can be reversed or taken down in court. And most of those are half-assed talk as well.
04-26-2017 , 03:56 PM
Quote:
Originally Posted by miajag
Lol @ eliminating the estate tax. That **** should be at least 90% on anything above like $250k.
I feel there should be an estate tax, but instead of money heirs should be required to submit a video of themselves tap dancing in backface.
04-26-2017 , 04:01 PM
Quote:
Originally Posted by wheatrich
If the leaning tower of pisa is about to fall, blowing it up doesn't fix the problem.
So you don't understand the ACA of healthcare at all.

You said the ACA caused your premiums to skyrocket. A repeal would put things back in a pre-ACA state and thus your problems are solved.

Unless things are more complicated than that and the ACA is not actually the reason premiums have gone up.
04-26-2017 , 04:06 PM
Poco, the USA is the literal laughing stock of the world.
04-26-2017 , 04:11 PM
Quote:
Originally Posted by MyrnaFTW
wait, he wants to get rid of exemptions? wow,, and also, most single moms make under 30k, so under the current system , your scenario , the mom gets like 6-8k in EITC , which i dont think they are cutting
Allegedly there is no tax on first 24k either but I don't know how that ties in with the proposed exemptions. The reality is this will all be shredded by congress.
04-26-2017 , 04:15 PM
Quote:
Originally Posted by aoFrantic
Poco, the USA is the literal laughing stock of the world.
can confirm it wasnt as bad during obama!

      
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