Trump tax plan is going to raise taxes on people from 150k to 300k

[mazrim]

He did? Or did Congress do that?

I haven't jumped off of Trump at all. Because I know what the outcome would have been for the 20+ other presidential candidates (except maybe Cruz)

Yep. Still by far the better option over every other viable candidate besides Cruz.

My guess is that those like Prime, Grasping, etc. don't understand that you can criticize and don't have to follow your "leaders" blindly/agree with them on everything.

[Soul Crusher]

http://www.latimes.com/business/la-fi-trump-tax-california-20170927-story.html


This idiotic tax plan does jack shit for people living in places like California, NY, etc.  What a waste. 

[Yamcha]

http://www.latimes.com/business/la-fi-trump-tax-california-20170927-story.html


This idiotic tax plan does jack shit for people living in places like California, NY, etc.  What a waste. 

It's going to take a lot more than a tax plan to help those assholes

[Soul Crusher]

It's going to take a lot more than a tax plan to help those assholes

I agree just posting out of self interest.  This doesn't do a damn thing for people like myself - same w the garbage ObamaCare repeal plan they wanted


The republicans suck almost as bad as the Dems

[Coach is Back!]

Not quite sure what everyone is looking for. No tax code that anybody will put together will be perfect the only thing that's perfect about this is that it's way better than what Obama had

[Straw Man]

Assuming Repubs can actually manage to pass any legislation my only question will be how will they blame the Dems when the tax cuts lead to lower revenue (hence greater deficits) with no increase in jobs.

Never forget that increase in jobs is always the PHONY sales pitch that Repubs bring up when they want to cut taxes and it's never worked (just ask the business owners in Kansas who explicitly said that giving them lower taxes didn't prompt them to create jobs because lower taxes don't created more demand for their goods/services)

So again, my only question will be how the Repubs will find a way to blame the Dems (and they will) when their tax cuts fail to deliver what they promised

[Straw Man]

Repubs are looking out for the middle class by proposing to get rid of the deduction for property taxes

Property taxes are really high in Texas too (higher % of property value than California)

http://www.foxnews.com/politics/2017/09/28/republican-call-to-strip-property-tax-deduction-spurs-outcry-from-blue-states.html

[Vince G, CSN MFT]

Repubs are looking out for the middle class by proposing to get rid of the deduction for property taxes

Property taxes are really high in Texas too (higher % of property value than California)

http://www.foxnews.com/politics/2017/09/28/republican-call-to-strip-property-tax-deduction-spurs-outcry-from-blue-states.html

Fuck off you commie bastard

[Straw Man]

Fuck off you commie bastard

LOL

I can see your titties jiggling as you scream that at your computer

I own real estate so that makes me a pretty lousy communist

how about you comrade

still dreaming of maybe owing a double wide someday (of course that doesn't actually count as real estate)

[TuHolmes]

Not quite sure what everyone is looking for. No tax code that anybody will put together will be perfect the only thing that's perfect about this is that it's way better than what Obama had

Please explain.

[Straw Man]

Please explain.

I wasn't even going to bother asking for an explanation

the only tax increase that Obama did for individuals was for some people via Obamacare penalty and and a 3.8 percent surtax on investment income for high earners

Other than that Obama actually temporarily lowered payroll taxes (during the early part of the recession) and then made the Bush tax cuts permanent except individuals making $400,000 a year or more and married filers earning $450,000 or more (about 1% of tax payers and almost certainly 0% of phony coaches)

[avxo]

Not quite sure what everyone is looking for. No tax code that anybody will put together will be perfect the only thing that's perfect about this is that it's way better than what Obama had

My god, you'll eat shit and chug sperm if someone tells you it's not Obama's shit and sperm, won't you, you blind, partisan fool?

[Top Poodle]

I wasn't even going to bother asking for an explanation

the only tax increase that Obama did for individuals was for some people via Obamacare penalty and and a 3.8 percent surtax on investment income for high earners

Other than that Obama actually temporarily lowered payroll taxes (during the early part of the recession) and then made the Bush tax cuts permanent except individuals making $400,000 a year or more and married filers earning $450,000 or more (about 1% of tax payers and almost certainly 0% of phony coaches)

fuck off you braindead commie idiot

[Soul Crusher]

IMHO everyone who is paying taxes is getting raped at all levels.  I want to see everyone get a massive cut wherever they are located.   

[Straw Man]

fuck off you braindead commie idiot

says the child who can't address or respond do any of the facts I just listed

btw - you're the self admitted Putin/Commie lover so whats with the commie comment

are you trying to come on to me you fucking queer

[Coach is Back!]

My god, you'll eat shit and chug sperm if someone tells you it's not Obama's shit and sperm, won't you, you blind, partisan fool?

Yeah, because everyone wants a mandated blackmail (tax, fine or whatever you want to call it). 

[Soul Crusher]

Trump's tax plan is ALREADY in trouble with his own party as plan to axe state(T)
dailymail.co.uk ^ | 9/29/2017 | David Martosko
Posted on 9/29/2017, 12:59:24 PM by rktman

As President Trump prepares to sell his tax plan to the nation's manufacturing lobby on Friday, his best-laid tax plans have already drawn objections from some fellow Republicans who are fuming over the decision to end deductions for state and local income taxes.

The situation will pit the White House against members of Congress from states that pile high income taxes on top of what the federal government takes from paychecks.

High-income Californians, for instance, pay as much as 13.3 per cent of their income to the state in addition to their federal taxes. New Yorkers can pay up to 8.82 per cent.

Just seven U.S. states have no personal income taxes, including Texas, Florida and Nevada

(Excerpt) Read more at dailymail.co.uk ...

[Straw Man]

Trump's tax plan is ALREADY in trouble with his own party as plan to axe state(T)
dailymail.co.uk ^ | 9/29/2017 | David Martosko
Posted on 9/29/2017, 12:59:24 PM by rktman

As President Trump prepares to sell his tax plan to the nation's manufacturing lobby on Friday, his best-laid tax plans have already drawn objections from some fellow Republicans who are fuming over the decision to end deductions for state and local income taxes.

The situation will pit the White House against members of Congress from states that pile high income taxes on top of what the federal government takes from paychecks.

High-income Californians, for instance, pay as much as 13.3 per cent of their income to the state in addition to their federal taxes. New Yorkers can pay up to 8.82 per cent.

Just seven U.S. states have no personal income taxes, including Texas, Florida and Nevada

(Excerpt) Read more at dailymail.co.uk ...

It also removes the deductibility of property taxes and that big red state in the middle of the country has one of the highest property tax rates in the nation (much higher than CA)

the Trump plan also proposes to raise the lowest income bracket from 10% to 12% (thus a 20% tax increase for your average low income Trumptard)

[Soul Crusher]

It also removes the deductibility of property taxes and that big red state in the middle of the country has one of the highest property tax rates in the nation (much higher than CA)

the Trump plan also proposes to raise the lowest income bracket from 10% to 12% (thus a 20% tax increase for your average low income Trumptard)

Like I said - just out of personal interest - this plan doesnt do shit for people like me. 

[Straw Man]

Like I said - just out of personal interest - this plan doesnt do shit for people like me. 

They also want to get rid of the estate tax

I'm sure this will benefit most of the posters on this board

It definitely doesn't benefit the Trump family

http://www.politifact.com/truth-o-meter/statements/2017/sep/28/donald-trump/donald-trumps-pants-fire-claim-about-estate-tax-sm/

[Straw Man]

Like I said - just out of personal interest - this plan doesnt do shit for people like me. 

doesn't do shit = totally fucks you

If they have  their way you will  no longer be able to write off your property tax or state income tax (you'll effectively be paying taxes on taxes) and of course raising the lowest tax bracket will effect everyone as well

[Soul Crusher]

Drudge rips Trump tax plan: Difference between Dems and GOP is an 'illusion'
The Hill ^

Posted on 9/27/2017, 3:58:39 PM

Drudge rips Trump tax plan: Difference between Dems and GOP is an 'illusion'

By Josh Delk - 09/27/17 12:16 PM EDT

The Drudge Report's Matt Drudge sent out a rare tweet Wednesday morning criticizing the GOP for making concessions to Democrats on taxes and health care, saying there is no longer an "illusion" of difference between the two major parties.

"First keep Obamacare, now raise taxes on top earners? At least illusion there is difference between parties is finished once and for all!" Drudge said, taking aim at proposals in the new GOP tax plan.

The website also led with a scathing headline: "More Betrayal Republican Plan to Raise Taxes."

Republicans Wednesday unveiled their framework for a major tax overhaul, which includes big cuts to corporate taxes and lowering individual tax rates, and completely nixing the estate tax.

But the plan also says that "an additional top rate may apply to the highest-income taxpayers to ensure that the reformed tax code is at least as progressive" as the current one.

It also would raise the lowest individual tax bracket from 10 to 12 percent, while nearly doubling the standard tax deduction.

Drudge's tweet also bashes Republicans for another recent failure at repealing ObamaCare, a major GOP campaign platform, with party leaders in Congress deciding not to vote on the latest bill proposed by Sens. Lindsey Graham (R-S.C.) and Bill Cassidy (R-La.).

(Excerpt) Read more at thehill.com ...

[Primemuscle]

I agree just posting out of self interest.  This doesn't do a damn thing for people like myself - same w the garbage ObamaCare repeal plan they wanted


The republicans suck almost as bad as the Dems

How do you know the present tax revision proposal being discussed won't affect you? I read in today's Oregonian that the tax plan/cut will not help middle income earners who have children. It will benefit single filers with no children and of course it cuts income taxes for the wealthy, including inheritance tax. Frankly, the whole business is confusing, but then income tax is about as clear as mud.

As for cutting out inheritance tax, this only affects really large inheritances. Before levying an inheritance tax, the IRS lets a portion of a person's estate go without being taxed at all. As of 2014, the exclusion is $5.34 million. This means that if someone dies and leaves you an entire estate worth $5.33 million, the estate will owe exactly nothing in inheritance tax.

[Soul Crusher]

How do you know the present tax revision proposal being discussed won't affect you? I read in today's Oregonian that the tax plan/cut will not help middle income earners who have children. It will benefit single filers with no children and of course it cuts income taxes for the wealthy, including inheritance tax. Frankly, the whole business is confusing, but then income tax is about as clear as mud.

As for cutting out inheritance tax, this only affects really large inheritances. Before levying an inheritance tax, the IRS lets a portion of a person's estate go without being taxed at all. As of 2014, the exclusion is $5.34 million. This means that if someone dies and leaves you an entire estate worth $5.33 million, the estate will owe exactly nothing in inheritance tax.

It would cost me more. A lot more

[SOMEPARTS]

I'm not going to lie. It's a pretty lousy tax plan considering they have both houses and executive.