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Author Topic: So who else got fucked by Trump's tax cut  (Read 16595 times)

bigkid

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Re: So who else got fucked by Trump's tax cut
« Reply #100 on: April 12, 2019, 11:46:16 AM »
Quote from: Straw Man on April 12, 2019, 11:06:18 AM
It would be awesome if you could actually provide links to support all of those claims, especially tying them directly to the tax cuts

Keep in mind that unemployment has been dropping for 8+ years so you'll need to actually provide data on the marginal gain associated with the tax cut

Same goes for the claims about wage growth and tax revenue

I'm looking forward to reading that data
I don't have to tie them directly to tax cuts.  Tax revenue is up in FY 2018.    That's just a fact.  It's also projected to be 110 billion more in FY 2019. 
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Straw Man

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Re: So who else got fucked by Trump's tax cut
« Reply #101 on: April 12, 2019, 04:57:01 PM »
Quote from: bigkid on April 12, 2019, 11:46:16 AM
I don't have to tie them directly to tax cuts.  Tax revenue is up in FY 2018.    That's just a fact.  It's also projected to be 110 billion more in FY 2019. 

you can find a lot of info online refuting the fact that nominal tax revenue has gone up from baseline (prior to tax cuts)

If you actually bother to read these links and want to discuss it let me know
I'm not going to cut and paste a wall of text

https://www.nytimes.com/2019/01/11/business/trump-tax-cuts-revenue.html

https://www.politifact.com/texas/statements/2018/oct/19/ted-cruz/ted-cruz-said-gop-tax-cut-led-higher-revenues-did-/
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Kazan

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Re: So who else got fucked by Trump's tax cut
« Reply #102 on: April 12, 2019, 05:30:52 PM »
Quote from: Straw Man on April 12, 2019, 04:57:01 PM
you can find a lot of info online refuting the fact that nominal tax revenue has gone up from baseline (prior to tax cuts)

If you actually bother to read these links and want to discuss it let me know
I'm not going to cut and paste a wall of text

https://www.nytimes.com/2019/01/11/business/trump-tax-cuts-revenue.html

https://www.politifact.com/texas/statements/2018/oct/19/ted-cruz/ted-cruz-said-gop-tax-cut-led-higher-revenues-did-/

What is fucking funny about this whole thing is, this country was formed on some english C U N T imposing taxes the colonist didn't like, now we are arguing over weather we got enough penance from the crown, fucking pathetic.
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tres_taco_combo

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Re: So who else got fucked by Trump's tax cut
« Reply #103 on: April 12, 2019, 06:29:57 PM »
with federal taxes... sometimes you win, sometimes you use.

 just play hard and hustle and earn a good dollar is all you can do.
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Primemuscle

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Re: So who else got fucked by Trump's tax cut
« Reply #104 on: April 12, 2019, 11:46:56 PM »
Quote from: Kazan on April 12, 2019, 05:30:52 PM
What is fucking funny about this whole thing is, this country was formed on some english C U N T imposing taxes the colonist didn't like, now we are arguing over weather we got enough penance from the crown, fucking pathetic.

How is the weather?
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Primemuscle

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Re: So who else got fucked by Trump's tax cut
« Reply #105 on: April 12, 2019, 11:52:32 PM »
Quote from: tres_taco_combo on April 12, 2019, 06:29:57 PM
with federal taxes... sometimes you win, sometimes you use.

 just play hard and hustle and earn a good dollar is all you can do.

What's funny is that many of us spend more money on the deductions (such as mortgage interest), than we save on our tax bill.
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OlympiaGym

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Re: So who else got fucked by Trump's tax cut
« Reply #106 on: April 13, 2019, 06:03:03 PM »
$147K in federal taxes for ‘18. I also pay state taxes in about 15 different states b/c I derive income from there. God Bless America.
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bigkid

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Re: So who else got fucked by Trump's tax cut
« Reply #107 on: April 15, 2019, 05:22:14 AM »
Quote from: Straw Man on April 12, 2019, 04:57:01 PM
you can find a lot of info online refuting the fact that nominal tax revenue has gone up from baseline (prior to tax cuts)

If you actually bother to read these links and want to discuss it let me know
I'm not going to cut and paste a wall of text

https://www.nytimes.com/2019/01/11/business/trump-tax-cuts-revenue.html

https://www.politifact.com/texas/statements/2018/oct/19/ted-cruz/ted-cruz-said-gop-tax-cut-led-higher-revenues-did-/
But the point of tax cuts isn't to drive tax revenue higher.    When politicians talk about tax cuts "paying for themselves", they mean tax revenue won't being taking a hit and it's not.  It's continuing to grow.  Spending cuts need to come next.
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jude2

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Re: So who else got fucked by Trump's tax cut
« Reply #108 on: April 15, 2019, 06:51:02 PM »
Quote from: OlympiaGym on April 13, 2019, 06:03:03 PM
$147K in federal taxes for ‘18. I also pay state taxes in about 15 different states b/c I derive income from there. God Bless America.
Very nice.
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gmflex

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Re: So who else got fucked by Trump's tax cut
« Reply #109 on: April 15, 2019, 10:13:27 PM »
Quote from: che on March 03, 2019, 01:36:22 PM
I did not get over $4000 on my pay checks ,not  even close ,keep sucking Trump's cock you fucking sheep .

 ;D  ;D
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Soul Crusher

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Re: So who else got fucked by Trump's tax cut
« Reply #110 on: April 16, 2019, 11:35:15 AM »
Quote from: Straw Man on April 12, 2019, 04:57:01 PM
you can find a lot of info online refuting the fact that nominal tax revenue has gone up from baseline (prior to tax cuts)

If you actually bother to read these links and want to discuss it let me know
I'm not going to cut and paste a wall of text

https://www.nytimes.com/2019/01/11/business/trump-tax-cuts-revenue.html

https://www.politifact.com/texas/statements/2018/oct/19/ted-cruz/ted-cruz-said-gop-tax-cut-led-higher-revenues-did-/

So did you send back what you saved to Uncle Sam?
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Prudence

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Re: So who else got fucked by Trump's tax cut
« Reply #111 on: April 17, 2019, 04:29:38 PM »
As of March 29, total tax refunds were about $6 billion lower than over the same period in 2018
http://nymag.com/intelligencer/2019/04/heres-why-your-tax-refund-is-lower-in-2019-trump-economy-tax-cuts-2020.html
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Coach is Back!

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Re: So who else got fucked by Trump's tax cut
« Reply #112 on: April 17, 2019, 05:36:31 PM »
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PTB

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Re: So who else got fucked by Trump's tax cut
« Reply #113 on: April 17, 2019, 10:52:08 PM »
In short, living in NJ, despite the lower tax rate and higher child tax credits, I lost almost $30000 in deductions ($8000 in SALT, $22000 in exemptions - Line 42 from 2017 1040 form).. It resulted in a tax increase of $5000 over 2017.

Fortunately I got solar panels in 2018 and I got a nice credit that offset the tax balance and I still got a refund.

I also lowered my exemptions on my W4 so I can be more reasy for 2019 returns.
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Primemuscle

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Re: So who else got fucked by Trump's tax cut
« Reply #114 on: April 17, 2019, 11:40:02 PM »
Quote from: Coach is Back! on April 17, 2019, 05:36:31 PM
https://www.nytimes.com/2019/04/14/business/economy/income-tax-cut.html?fbclid=IwAR11RzZVq7XAbWXWIefk4cbXb8UeB6goCq9BceEl8rlt-GnAM38mp-82qhA

Can't help but notice that the higher the income bracket the more likely it is that folks believe they got a tax cut according to the article you linked.
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2ND COMING

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Re: So who else got fucked by Trump's tax cut
« Reply #115 on: April 18, 2019, 05:54:14 AM »
Quote from: OlympiaGym on April 13, 2019, 06:03:03 PM
$147K in federal taxes for ‘18. I also pay state taxes in about 15 different states b/c I derive income from there. God Bless America.

Any jobs for getbiggers  ???
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Powerlift66

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Re: So who else got fucked by Trump's tax cut
« Reply #116 on: April 18, 2019, 05:57:45 AM »
Libbies want muzzies and others to get handouts non-stop, so people who work have to pay.

Pretty obvious problem.
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oldgolds

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Re: So who else got fucked by Trump's tax cut
« Reply #117 on: April 22, 2019, 01:26:46 PM »
80% of Americans got a tax cut. Anyone who can't understand this is hopelessly dumb. Has nothing to do with your tax return.
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oldgolds

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Re: So who else got fucked by Trump's tax cut
« Reply #118 on: April 22, 2019, 01:30:33 PM »
Quote from: che on March 03, 2019, 02:20:02 PM
OK , I just checked my pay stubs from 2017 and 2018 , in 2018 I was getting $50 more per pay check (40/hours) than I did in 2017 ,
$50x 52 = $ 2600

$2600 + $2500 refund = $5100

2017 refund = $6700

$6700 - $5100 = $1600

So this year I get $1600 less than I did in 2018















80% of Americans paid less taxes under Trumps bill. Google it...

Where is my middle class  tax cut  ???
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