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Tax Cuts and Jobs Act

Discussion in 'The War Room' started by Lubaolong, Nov 2, 2017.

  1. kpt018

    kpt018 Gold Belt

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    Ok, but my point is the returns can be whatever we decide them to be. If the GOP is dead set on tax cuts they can simply cut taxes on the middle class and leave high income earners, large businesses and heirs to large fortunes alone. But of course that's not the proposal because their goal is upward redistribution of wealth. That is the big problem.
     
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  2. Lubaolong

    Lubaolong A natural consequence of gamma radiation

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    Sounds more like a reduction in the downward redistribution of wealth.
     
  3. kpt018

    kpt018 Gold Belt

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    And you'd argue that's a good thing?
     
  4. Thycidides

    Thycidides Banned Banned

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    I'm kind of surprised the GOP don't just take 2 or 3 points off all individual rates and reduce corporate tax to 30%. It would be easy to do and popular.

    Instead they are proposing a tax cut that is controversial for their own congressional members. Their incompetence is only matched by their greed on display and subservience to mage donors.

    I don't think McConnel or Ryan keep their leadership positons past 2018.
     
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  5. Lubaolong

    Lubaolong A natural consequence of gamma radiation

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    Probably good for me and mine. Good for everyone? Dunno.
     
  6. PolishHeadlock

    PolishHeadlock Putin Belt Platinum Member

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    The vast majority of people who find themselves in a net negative tax position are incapable of taking care of themselves due medical problems.

    When you take into account payroll/sales and property taxes (renters are paying that tax through their landlord and get no tax deduction for it) just about everyone capable of paying is paying.
     
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  7. 44nutman

    44nutman The Original Nut of Sherdog

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    nobody is paying zero taxes.
    There is taxes on everything, gas, sales tax, property tax, even you cell phone bill has taxes on it.

    My solution is get rid of federal taxes and do like a 6 cent sales tax. Even the illegals would be contributing taxes through stuff they bought.
     
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  8. kpt018

    kpt018 Gold Belt

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    Interesting. I do very well but I live in NY and I'll see an increase, but I am looking at this bill as it effects everyone.

    I don't see a reason why we should do this tax bill at all. I'm still waiting to hear one.
     
  9. PolishHeadlock

    PolishHeadlock Putin Belt Platinum Member

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    I think there are a lot of good reasons to for a corporate overhaul including a rate reduction.

    But you have to offset it with increasing taxes on individual passive income.
     
  10. kpt018

    kpt018 Gold Belt

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    Agree, but that's the key, an offset. When we look at this turd as a whole the (partial) offset is a rise in taxes on some people (currently estimated at 9%) and blowing a hole in deficits.

    What are some of the ways you think we can overhaul the corporate tax code for the better?
     
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  11. PolishHeadlock

    PolishHeadlock Putin Belt Platinum Member

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    Mainly just lower the rate to be competitive with other countries and end the Worldwide taxing of income. Just tax US source Income and allow corporations to move their cash around freely
     
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  12. Sohei

    Sohei Too swole to control

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    I still cant believe they are entertaining taxing higher education.

    I guess the GOP are really willing to let the whole country burn to the ground around them as long as they can stay toasty in their mansions hoarding their gold.
     
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  13. Limbo Pete

    Limbo Pete Hot Ham Water

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    Luba likes to pretend he is wealthy.
     
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  14. Limbo Pete

    Limbo Pete Hot Ham Water

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    The fuckery with graduate tuition wavers is gonna screw me real hard
     
  15. kpt018

    kpt018 Gold Belt

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    He's just temporarily middle class, but a future rich guy!!
     
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  16. Limbo Pete

    Limbo Pete Hot Ham Water

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    He's a rich doctor that blew through undergrad in less than 6 months, cruised through medical school just by cramming for tests and it was oh so easy, married an asian model and also used to beat up guys in smokers when he was in the service.
     
  17. Limbo Pete

    Limbo Pete Hot Ham Water

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    I'm looking down the barrel of a seriously problematic tax hike next year with the changes to graduate tuition, among other things. For fuck sake..... so frustrating. Almost everyone I know is getting screwed by this monstrosity of a shit show.
     
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  18. Lubaolong

    Lubaolong A natural consequence of gamma radiation

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    I'm a physician, and my wife makes pretty decent money. @Limbo Pete knows this, as I've send him pics of my office and prescription pad with his name written on it. He's just your typical angsty middle aged community college history major who externalizes blame, always feels wronged, resentful, disgruntled, and gets off trolling people more successful than him on internet forums.
     
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  19. Limbo Pete

    Limbo Pete Hot Ham Water

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    Classic Luba
     
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  20. Lubaolong

    Lubaolong A natural consequence of gamma radiation

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    That's so sad.
     

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