Tax reform is needed

[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.

[evince]

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?

we go back to what worked GREAT in the past


the rich taxed at a MUCH HIGHER LEVEL

[archives]

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?

"Only the richest 30% itemize?" Documentation?

I itemize and I'm surely not in the richest thirty percent of Americans, in fact, I know few people who don't itemize

[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 confused by your comment on state tax deduction on federal returns. The benefit currenty goes to the wealthy in high tax states. You're saying it doesn't?

[Getin the ring]

"Only the richest 30% itemize?" Documentation?

I itemize and I'm surely not in the richest thirty percent of Americans, in fact, I know few people who don't itemize

and with this new plan you won't itemize,

would you bother to read what he is proposing instead of flapping your gums as if you know what you're talking about.

[floridafan]

You still haven't told us why you support auditing a couple of trillion to our debt!!