Tax reform is needed

[Cancel 2020.1]

you act like removing tax breaks will not hurt the rich. Who benefits from salt deductions? The upper 30% of the country who itemize.

According to studies the actual tax rate of corporations is 15-17% with all the deductions. But only the rich companies benefit from those deductions the small dont have the lawyers to exploit them. The rich corporations will actually pay more.

You guys try REALLY hard to believe Trump is all about the working folks.

 

[Getin the ring]

Which tax reforms are needed? Can you list the most important ones?

yea goofy, how about letting us keep more of our money,

that work for you?

 

[cawacko]

False choice. It's not about ONLY helping the middle class.

It's about this plan being a massive giveaway to the very rich, w/ a few crumbs for the middle class.

You said we need tax reform. What tax reform will help the middle class and not be a give away to the rich?

 

[Русский агент]

LITTLE THINGY WINGY WANTS TO PADDLE HIS LITTLE DINGHY UPON THE STORMY POND OF TAXES (OF WHICH HE'S FOND). LITTLE THINGY WINGY THINKS IT IS A SIN THAT THE PEOPLE WHO PAY THE TAXES SHOULD GET A BREAK ON THEM. LITTLE THINGY WINGY IS CRYING ABOUT THE RICH, BUT THINGY IS DOING WHAT HE ALWAYS DOES - CRY AND MOAN AND BITCH.

 

[floridafan]

Not if it adds a trillion or two to our national debt. Never!

 

[Cancel 2020.1]

You said we need tax reform. What tax reform will help the middle class and not be a give away to the rich?

Well, we can certainly start w/ NOT eliminating the state tax. The main benefit for that goes to those w/ over $11 million. That, to me, signals the intention of this plan more than anything.

The whole plan itself is a revisit of trickle-down. A plan that helps the middle class but is not an inordinate giveaway to the rich is just that - I'm not sure what you're asking.

 

[Getin the ring]

You guys try REALLY hard to believe Trump is all about the working folks.

look, it's your own fault for starting a thread on a subject you obviously didn't bother to research.
But here I'll give you the basics 101.
But afterwards, please stfu

The tax cuts for the so called "rich" is to stimulate job growth, job growth, higher wages, more people working for if not higher wages at least wages they were working for before the recession means more money not only back into the economy, but also more tax revenue.

And any tax "reform" had better include me keeping more of my money, would we not ALL agree on that?
please. And his plan does just that.

Bash Trump on other things but don't question his business savvy.
that just makes you look even more ridiculous, as if that was possible, I know I know.

 

[evince]

we need to tax the rich more

the actaul taxes they pay is NOT enough

 

[archives]

Without a doubt.

But Trump's plan IS a plan for the rich. Every single surrogate I have seen has been confronted about that, and the answer is the same: well, the middle class will see a reduction, too.

But the rich get 80% of the benefit. 80%. The thinking is clearly that if they throw the middle class a bone, they'll ignore a massive redistribution geared to the top earners.

Oh - and some aren't even earners. Eliminating the estate tax? My goodness. Trump wants to help create a new aristocracy.

Tax reform is needed, but your not going to get it from this Administration, at best they'll deliever a tax cut, which at the moment looks like a tax benefit for those least needing it

 

[cawacko]

source? links? where is this 80%..Estate tax is small potatos-Congress can work it out -
this is a proposal.

Of course the Dems and The Republican establishment will never actually DO ANYTHING -but that's a given.

Good for you for at least understanding reform ( not just tax cuts) are needed

It's not an establishment thing. To reform taxes there has to be spending cuts they have to come from entitlements to be meaningful. Trump ran on not touching entitlements and increasing military spending. That's the ultimate insider/establishment position

 

[Cancel 2020.1]

look, it's your own fault for starting a thread on a subject you obviously didn't bother to research.
But here I'll give you the basics 101.
But afterwards, please stfu

The tax cuts for the so called "rich" is to stimulate job growth, job growth, higher wages, more people working for if not higher wages at least wages they were working for before the recession means more money not only back into the economy, but also more tax revenue.

And any tax "reform" had better include me keeping more of my money, would we not ALL agree on that?
please. And his plan does just that.

Bash Trump on other things but don't question his business savvy.
that just makes you look even more ridiculous, as if that was possible, I know I know.

Yep - as I said.

Trickle down.

 

[evince]

I'm not a libertarian, and I haven't backed a plan like this before.

ok

but you do remember the thread in which you said you leaned more that way than the democratic plans remember?


keep up the decent posting even during thennext election and see how much I praise you.


The Democratic plans are the ones that have actually worked in practice


dont forget that

 

[floridafan]

Tax cuts do not stimulate growth, or higher wages, or more people working. They never have and they never will. Do you want to keep more of your own money if it adds a trillion or two to our debt?

 

[tsuke]

Well, we can certainly start w/ NOT eliminating the state tax. The main benefit for that goes to those w/ over $11 million. That, to me, signals the intention of this plan more than anything.

The whole plan itself is a revisit of trickle-down. A plan that helps the middle class but is not an inordinate giveaway to the rich is just that - I'm not sure what you're asking.

the majority of americans dont take the salt deduction. 70% of Americans use standardized deductions so they dont apply the salt deduction. Only the richest 30% itemize. I thought you did not want the tax reform to benefit them?

 

[evince]

WICHITA, Kan. — In December 2014, the University of Kansas agreed to pay David Beaty $800,000 a year, plus incentives, to be the football program’s head coach, but with an interesting structure: More than two-thirds of that pay would be channeled to an organization called DB Sports L.L.C.
DB Sports is what accountants call a pass-through entity, and it pays all of its profits directly to Mr. Beaty. As a result of a tax law that Kansas lawmakers passed in 2012, ostensibly to benefit beleaguered small businesses in the state, that contract structure allowed Mr. Beaty to avoid paying about $37,000 a year in state income taxes, nearly enough to fund a first-year teacher’s salary in the Wichita school district.


With the state hemorrhaging government revenue, Kansas lawmakers rolled back the tax law this year, but congressional Republicans and President Trump are trying to take the experiment with pass-through preferences national, beyond Wichita and Topeka to cities with residents who measure incomes in seven, eight or nine figures.


http://www.msn.com/en-us/news/politi...AtgNpM?ffid=gz

it never works when its implimented



the cons dont care they seek then failure of this nation

 

[Cancel 2020.1]

I reject the notion that the only way to help the middle class is to give a huge tax break to the wealthy.

I believe in fair taxation, but I don't see anything in this plan except for an acceleration of the pattern we have seen for decades - relating to the growing gap between the rich & poor.

 

[evince]

the majority of americans dont take the salt deduction. 70% of Americans use standardized deductions so they dont apply the salt deduction. Only the richest 30% itemize. I thought you did not want the tax reform to benefit them?

and who has 90 % of all the money

 

[cawacko]

Well, we can certainly start w/ NOT eliminating the state tax. The main benefit for that goes to those w/ over $11 million. That, to me, signals the intention of this plan more than anything.

The whole plan itself is a revisit of trickle-down. A plan that helps the middle class but is not an inordinate giveaway to the rich is just that - I'm not sure what you're asking.

I'm saying any major tax reform is going to help/hurt the rich the most because they pay the most.

But if you are arguing we need a plan that benefits the middle class and isn't a give away to the rich what would that entail?

 

[evince]

I reject the notion that the only way to help the middle class is to give a huge tax break to the wealthy.

I believe in fair taxation, but I don't see anything in this plan except for an acceleration of the pattern we have seen for decades - relating to the growing gap between the rich & poor.

because we live on a normal amount of income


the wealthy hold MOST of the assets


they need to pay the MOST taxes

period

 

[Getin the ring]

Yep - as I said.

Trickle down.

you're just really really clueless by using that term.

So how do you think economies like ours works.

People with the money own businesses, they in-turn hire people to put out a product, this product produces a profit, without this profit what incentive would these people with the money have to continue?
And without these people running these for profit businesses where would you and I work?

They continue to be rich, you and I have a job to take care of our families and try and enjoy what's left of our free time.

I'd love to hear another approach if you have one, but before you propose the stupid thing you are about to say, remember I offered as friendly advice for you to just stfu.