1. The official Sherdog Store is back! Check it out! » Discuss it here! »
Violence/Genocide: Do not condone violence or genocide on a person or group of people. You are free to attack a person or groups ideas but you are crossing the line when calling for violence. This will be heavily enforced in threads with breaking news involving victims.

Who supports Trump's capital gains tax cut?

Discussion in 'The War Room' started by HeffDoesWant, Nov 1, 2020.

  1. HeffDoesWant Brown Belt

    Joined:
    Jun 13, 2012
    Messages:
    4,288
    Likes Received:
    1,761
    Haven't heard about this till now but apparently he has plans for another upper class tax cut but this time he wants to exclude even the highest paid workers and instead zero in on capital gains tax cuts.

    This will further increase the already excessive tax burden placed upon the upper middle class who derive the vast bulk of their wealth from work.

    This is simply bad policy. Who likes it and if so why?

    When responding please remember the revenue structure is separate to the expenditure structure.

    Just one source.
    https://www.google.com/amp/s/fortune.com/2020/10/03/trump-capital-gains-tax-cut/amp/
     
    tdluxon likes this.
  2. bdthrill William Wallace > Fedor

    Joined:
    Mar 15, 2006
    Messages:
    2,403
    Likes Received:
    145
    Location:
    CALI
    Rich people like it.
     
  3. hillelslovak87 Banned Banned

    Joined:
    Mar 17, 2017
    Messages:
    39,180
    Likes Received:
    9,546
    Care to address the topic?
     
  4. tenniswhiz Steel Belt

    Joined:
    Oct 29, 2009
    Messages:
    34,512
    Likes Received:
    1,049
    Location:
    Santa Monica
    The ONLY tax change I have noticed in the past 20 years was that I could no longer deduct purchases for tools of my trade after Trump became president. That was kind of a big deal for me.
     
  5. StoneColdSteveAustin Silver Belt

    Joined:
    Jul 29, 2020
    Messages:
    13,119
    Likes Received:
    15,861
    Uneducated, poor rural whites love this stuff. They vote for it al the time. And of course the rich people who duped them love the tax breaks as well
     
    Swoliosis and TheTimeIsNotNow like this.
  6. Trotsky Banned Banned

    Joined:
    May 20, 2016
    Messages:
    34,485
    Likes Received:
    15,766
    Racking up massive debt to give money to the rich is THE bedrock GOP policy. These guys would mortgage their supporters' homes to give more money to their billionaire donors.
     
  7. DivineMind Banned Banned

    Joined:
    Nov 11, 2019
    Messages:
    5,360
    Likes Received:
    4,337
    How else are they going to privatize everything without bankrupting the government ?
     
  8. DivineMind Banned Banned

    Joined:
    Nov 11, 2019
    Messages:
    5,360
    Likes Received:
    4,337
    To answer the topic, this is obviously shit policy. Yes, let's lower the tax rate for billionaires who already pay an effective rate of close to 15% while someone earning 80 k pays like 27-30% in federal, state, and local income taxes depending on the state.

    Trump never was a populist. That was Bannon. He was always a conman.
     
    Tobacco likes this.
  9. Graves The Elder Banned Banned

    Joined:
    Jun 8, 2009
    Messages:
    94,075
    Likes Received:
    14,070
    Location:
    The Land Before Tiime
    *Raises hand
     
  10. Fergelmince Red Belt

    Joined:
    Aug 9, 2012
    Messages:
    8,296
    Likes Received:
    3,076
    Why don't you post this question AFTER a tax cut on capital gains is enacted?
     
  11. Cooz Brown Belt

    Joined:
    Sep 22, 2002
    Messages:
    4,345
    Likes Received:
    565
    Location:
    Greatest Country on Earth!
    Is that how it works? We don't ask questions about what is planned, but rather what is done? How will I know what will be done then?
     
  12. cincymma79 Gold Belt

    Joined:
    Dec 15, 2013
    Messages:
    19,281
    Likes Received:
    3,278
    I give up on the debt so fuck it, cut taxes to 0
     
    Yehudim and PHATV like this.
  13. Prefect Double Yellow Card Double Yellow Card

    Joined:
    Oct 5, 2008
    Messages:
    8,191
    Likes Received:
    2,358
    Cutting taxes while running record deficits makes perfect sense.
     
  14. Starman Black Belt

    Joined:
    Apr 17, 2014
    Messages:
    6,033
    Likes Received:
    2,414
    Location:
    Mexico?
    "We have to pass the bill so that you can find out what is in it.+

    ~Nancy Pelosi
     
  15. Jackie Blue Gold Belt

    Joined:
    Jul 2, 2013
    Messages:
    23,292
    Likes Received:
    11,396
    Location:
    Richard Kern's Playhouse
    I would personally benefit from this, but it's horrible policy for society as a whole.
     
  16. keepemup Banned Banned

    Joined:
    Jul 7, 2018
    Messages:
    986
    Likes Received:
    463
  17. Fergelmince Red Belt

    Joined:
    Aug 9, 2012
    Messages:
    8,296
    Likes Received:
    3,076
    This is how "it" works - You said Trump is planning it, so if you want to consider Trump's plan now by asking questions, post a link to Trump's plan and then explain the following according to his plan:
    • what percent cut will be made?
    • at what income levels will each percentage be applied?
    • what are the legal challenges and how will Trump get past them?
    • how long will the legal challenges take to be rebutted and a final court decision made?
    • when will the tax cuts be officially enacted?
     
  18. HeffDoesWant Brown Belt

    Joined:
    Jun 13, 2012
    Messages:
    4,288
    Likes Received:
    1,761
    And you like this policy? Or you consider yourself rich?

    So you think people should vote first and then consider the merits of stated policy once they have no say in the matter?

    Seems silly
     
  19. Graves The Elder Banned Banned

    Joined:
    Jun 8, 2009
    Messages:
    94,075
    Likes Received:
    14,070
    Location:
    The Land Before Tiime
    Both tbh.
    Would be good until the next administration, obviously Dem, overturns it.
    A few years of respite from the fucking tax man.
     
  20. HeffDoesWant Brown Belt

    Joined:
    Jun 13, 2012
    Messages:
    4,288
    Likes Received:
    1,761
    Why?
     

Share This Page

  1. This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
    By continuing to use this site, you are consenting to our use of cookies.