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A query
Posted: Tue Dec 19, 2017 8:34 pm
by Sangersteve
The tax bill looks like it will become law, without a single democrat vote. When I posted a link to how the new tax structure will affect you, the respondents, all indicated they would be better off under the new tax plan.
It was not a popular thread, but I did notice that the never Trumpers were oddly missing. I suspect it was because they ran the calculator and found that they too would be a bit richer. I suspect that because no one jumped in to point out how they would be hurt.
All that aside, if you do some research on your own you'll find that more than 80% will benefit. Companies will have more money to invest and the lower corporate rate will open our country to more business.
Why then are the democrats so opposed to giving us our money back? Are they really hoping beyond hope that blue states will be so incensed that they are losing the fed credit for the state taxes that are foisted on them by their democratic governments that they will rebel and vote democrat?
The real outcome may be that the losers might wake up and see that the tax and spend democrats might be the problem and not part of the solution.
Re: A query
Posted: Wed Dec 20, 2017 5:43 am
by grouchy
Let's all pray that it helps bring in new business. It still confuses me on why the individual rate cuts are only for eight years.
Re: A query
Posted: Wed Dec 20, 2017 6:03 am
by Mark
grouchy wrote:It still confuses me on why the individual rate cuts are only for eight years.
That's due to century old arcane senate rules that can be changed with a simple majority vote of the senate.
Re: A query
Posted: Wed Dec 20, 2017 6:05 am
by Mark
The Left fundamentally believes that the government owns everything and they are opposed to citizens keeping what they earn.
The Leftist idiots in Washington keep complaining that this is a tax cut for the "rich." The fact of the matter is that 50% of Americans already pay zero, and it is impossible to give a tax cut to somebody that pays zero.
Re: A query
Posted: Wed Dec 20, 2017 6:19 am
by grouchy
Mark wrote:grouchy wrote:It still confuses me on why the individual rate cuts are only for eight years.
That's due to century old arcane senate rules that can be changed with a simple majority vote of the senate.
So, we are supposed to have faith in those folks?
Re: A query
Posted: Wed Dec 20, 2017 6:50 am
by Mark
grouchy wrote:Mark wrote:grouchy wrote:It still confuses me on why the individual rate cuts are only for eight years.
That's due to century old arcane senate rules that can be changed with a simple majority vote of the senate.
So, we are supposed to have faith in those folks?
Not me.
Re: A query
Posted: Wed Dec 20, 2017 6:53 am
by Mark
Some of that stuff is explained here. The leaders in the Senate have no spine.
http://www.businessinsider.com/trump-go ... ry-2017-11
Re: A query
Posted: Wed Dec 20, 2017 8:02 am
by Sangersteve
The Daily Wire Runs Ten Scenarios In Which Poor & Middle-Class Americans Save Money After GOP Tax Plan
https://www.dailywire.com/news/24887/da ... frank-camp
Re: A query
Posted: Wed Dec 20, 2017 8:35 am
by LibraryLady2
I want a chart to show how the government programs to pay the military will be funded when all the cuts for business kick in.
The gov't will be taking in less money so how does Congress expect to pay for the improvements to infrastructure (roads/bridges) that Trump has promised?
Paul Ryan has been strutting his stuff with "Next year the cuts are to SS (which is MY money and not an entitlement) and to Medicare (which is the insurance I depend upon)."
Why is it a good thing to give me about $1,000 more per year and remove part of my income and my insurance? Not to mention that when that $1,000 more per year disappears, I'll still be looking for my SS money and my health insurance. For those who are not on Medicare--the elderly pay a monthly premium for that insurance also--it is not a free gift. Each year I/we pay monthly into Medicare and monthly for our supplement insurance. The supplement has jumped enormously for next year--not to mention the co-pays and cost of Rx has jumped.....just like 99% of those here, we will pay more and get less on the health insurance.
I didn't respond before because no one has ever changed their mind from an internet post.
You believe it will help--I don't. So, we both shall wait and see what the next 3 years bring.
Re: A query
Posted: Wed Dec 20, 2017 9:20 am
by John in Plano
grouchy wrote:Let's all pray that it helps bring in new business. It still confuses me on why the individual rate cuts are only for eight years.
It's because it adds to the deficit the way the Senate voted on the bill.
Re: A query
Posted: Wed Dec 20, 2017 9:40 am
by Mark
Somebody needs to tell me how tax cuts add to the deficit. The only way to believe that is to believe that the government owns all the fruits of your labor.
The only thing that creates deficits is spending. Don't like deficits? Then advocate spending cuts.
Re: A query
Posted: Wed Dec 20, 2017 9:50 am
by rusty
There definitely needs to be tax reform. Of course it remains to be seen if anyone will actually save any money, the tax calculator was designed by a Fox News guy, so who knows? Maybe he's right, more power to him if he is.
In general, a cut in the corporate tax rate doesn't bother me either. What does bother me in the corporate tax cut, is that it doesn't either, penalize the corps who send X number of jobs overseas, or reward the ones who don't.
If a company is outsourcing 50% of their jobs to India or Mexico, why should they pay the same tax rate as a company that's keeping 100% of their jobs in the U.S.?
Re: A query
Posted: Wed Dec 20, 2017 9:54 am
by ralph
Mark wrote:The Left fundamentally believes that the government owns everything and they are opposed to citizens keeping what they earn.
The Leftist idiots in Washington keep complaining that this is a tax cut for the "rich." The fact of the matter is that 50% of Americans already pay zero, and it is impossible to give a tax cut to somebody that pays zero.
---------------------------------------------------------------------- thanks for the explanation Mark .
Re: A query
Posted: Wed Dec 20, 2017 9:58 am
by rusty
Mark wrote:The Left fundamentally believes that the government owns everything and they are opposed to citizens keeping what they earn.
The Leftist idiots in Washington keep complaining that this is a tax cut for the "rich." The fact of the matter is that 50% of Americans already pay zero, and it is impossible to give a tax cut to somebody that pays zero.
That's because you have a rapidly shrinking middle class due to the "trickle down" that has never trickled down.
Re: A query
Posted: Wed Dec 20, 2017 10:36 am
by GFB
LibraryLady2 wrote:I want a chart to show how the government programs to pay the military will be funded when all the cuts for business kick in.
The gov't will be taking in less money so how does Congress expect to pay for the improvements to infrastructure (roads/bridges) that Trump has promised?
Paul Ryan has been strutting his stuff with "Next year the cuts are to SS (which is MY money and not an entitlement) and to Medicare (which is the insurance I depend upon)."
Why is it a good thing to give me about $1,000 more per year and remove part of my income and my insurance? Not to mention that when that $1,000 more per year disappears, I'll still be looking for my SS money and my health insurance. For those who are not on Medicare--the elderly pay a monthly premium for that insurance also--it is not a free gift. Each year I/we pay monthly into Medicare and monthly for our supplement insurance. The supplement has jumped enormously for next year--not to mention the co-pays and cost of Rx has jumped.....just like 99% of those here, we will pay more and get less on the health insurance.
I didn't respond before because no one has ever changed their mind from an internet post.
You believe it will help--I don't. So, we both shall wait and see what the next 3 years bring.
You're wrong there..about SS not being an entitlement because it's "your money."
There is no pot of money with "Library Lady" printed on it. Your checks continue to flow in because there are younger people working and paying for you to receive them.
They could be cut at any time. That doesn't happen simply because Congress fears the wrath of older people and groups like AARP.
I think we can expect SS to be cut this coming year for people who are not yet collecting it.
Re: A query
Posted: Wed Dec 20, 2017 10:55 am
by kent
GFB wrote:LibraryLady2 wrote:I want a chart to show how the government programs to pay the military will be funded when all the cuts for business kick in.
The gov't will be taking in less money so how does Congress expect to pay for the improvements to infrastructure (roads/bridges) that Trump has promised?
Paul Ryan has been strutting his stuff with "Next year the cuts are to SS (which is MY money and not an entitlement) and to Medicare (which is the insurance I depend upon)."
Why is it a good thing to give me about $1,000 more per year and remove part of my income and my insurance? Not to mention that when that $1,000 more per year disappears, I'll still be looking for my SS money and my health insurance. For those who are not on Medicare--the elderly pay a monthly premium for that insurance also--it is not a free gift. Each year I/we pay monthly into Medicare and monthly for our supplement insurance. The supplement has jumped enormously for next year--not to mention the co-pays and cost of Rx has jumped.....just like 99% of those here, we will pay more and get less on the health insurance.
I didn't respond before because no one has ever changed their mind from an internet post.
You believe it will help--I don't. So, we both shall wait and see what the next 3 years bring.
You're wrong there..about SS not being an entitlement because it's "your money."
There is no pot of money with "Library Lady" printed on it. Your checks continue to flow in because there are younger people working and paying for you to receive them.
They could be cut at any time. That doesn't happen simply because Congress fears the wrath of older people and groups like AARP.
I think we can expect SS to be cut this coming year for people who are not yet collecting it.
I beg to differ, it IS my money. For the past 40 years, I have had nearly 8% taken out of my check along with the employer paying 8%. that's my money. Yes, it was used to fund older folks, fine. The problem is, Congress "borrowed" the SS money to fund their pet, feel good projects.
Democrats don't like the revamping of the tax code because it doesn't punish corporations or "the rich"; it doesn't set earning limits.
As for outsourcing jobs, it's pretty interesting that the same people complaining about that are FOR open borders and illegals getting full government benefits!
Re: A query
Posted: Wed Dec 20, 2017 10:58 am
by rusty
SS and Medicare are not entitlements.
Medicaid is an entitlement.
Re: A query
Posted: Wed Dec 20, 2017 11:06 am
by GFB
kent wrote:GFB wrote:LibraryLady2 wrote:I want a chart to show how the government programs to pay the military will be funded when all the cuts for business kick in.
The gov't will be taking in less money so how does Congress expect to pay for the improvements to infrastructure (roads/bridges) that Trump has promised?
Paul Ryan has been strutting his stuff with "Next year the cuts are to SS (which is MY money and not an entitlement) and to Medicare (which is the insurance I depend upon)."
Why is it a good thing to give me about $1,000 more per year and remove part of my income and my insurance? Not to mention that when that $1,000 more per year disappears, I'll still be looking for my SS money and my health insurance. For those who are not on Medicare--the elderly pay a monthly premium for that insurance also--it is not a free gift. Each year I/we pay monthly into Medicare and monthly for our supplement insurance. The supplement has jumped enormously for next year--not to mention the co-pays and cost of Rx has jumped.....just like 99% of those here, we will pay more and get less on the health insurance.
I didn't respond before because no one has ever changed their mind from an internet post.
You believe it will help--I don't. So, we both shall wait and see what the next 3 years bring.
You're wrong there..about SS not being an entitlement because it's "your money."
There is no pot of money with "Library Lady" printed on it. Your checks continue to flow in because there are younger people working and paying for you to receive them.
They could be cut at any time. That doesn't happen simply because Congress fears the wrath of older people and groups like AARP.
I think we can expect SS to be cut this coming year for people who are not yet collecting it.
I beg to differ, it IS my money. For the past 40 years, I have had nearly 8% taken out of my check along with the employer paying 8%. that's my money. Yes, it was used to fund older folks, fine. The problem is, Congress "borrowed" the SS money to fund their pet, feel good projects.
Democrats don't like the revamping of the tax code because it doesn't punish corporations or "the rich"; it doesn't set earning limits.
As for outsourcing jobs, it's pretty interesting that the same people complaining about that are FOR open borders and illegals getting full government benefits!
This is why it is an entitlement.
You and LL believe it is your money, and are entitled to it.
It could be cut at any time to whatever Congress thinks it should be.
Re: A query
Posted: Wed Dec 20, 2017 11:21 am
by kent
GFB wrote:kent wrote:GFB wrote:
You're wrong there..about SS not being an entitlement because it's "your money."
There is no pot of money with "Library Lady" printed on it. Your checks continue to flow in because there are younger people working and paying for you to receive them.
They could be cut at any time. That doesn't happen simply because Congress fears the wrath of older people and groups like AARP.
I think we can expect SS to be cut this coming year for people who are not yet collecting it.
I beg to differ, it IS my money. For the past 40 years, I have had nearly 8% taken out of my check along with the employer paying 8%. that's my money. Yes, it was used to fund older folks, fine. The problem is, Congress "borrowed" the SS money to fund their pet, feel good projects.
Democrats don't like the revamping of the tax code because it doesn't punish corporations or "the rich"; it doesn't set earning limits.
As for outsourcing jobs, it's pretty interesting that the same people complaining about that are FOR open borders and illegals getting full government benefits!
This is why it is an entitlement.
You and LL believe it is your money, and are entitled to it.
It could be cut at any time to whatever Congress thinks it should be.
and they would be stealing the money they took from my paycheck. Simple.
Re: A query
Posted: Wed Dec 20, 2017 11:31 am
by John in Plano
Mark wrote:Somebody needs to tell me how tax cuts add to the deficit. The only way to believe that is to believe that the government owns all the fruits of your labor.
The only thing that creates deficits is spending. Don't like deficits? Then advocate spending cuts.
Uncle Sam will borrow more money.
Uncle Sam didn't cut spending when they cut taxes.
I want spending cuts, the fool's we elected don't.