The guy that won't show his taxes wants to "fix" ours???

[cawacko]

Because the changes since Reagan that are causing it were still in place; the Great Recession under Bush shifted trillions more to the rich; Obama helped a little when he let the Bush tax cuts for the top 2% expire, over Republican objections.

When you say trillions were shifted to the rich are you referring to the QE that followed and the asset bubble it created?

 

[Cancel 2018.1]

Óláfr heitir konungr. Hann á brand. Heitir brandrinn Tyrfingr. Úlf sér Óláfr ok segir: "Hér er úlfr!". Óláfr tekr brandinn ok vegr úlfinn. En hér er ok ormr. Óláfr sér hann eigi. Óláf vegr ormrinn. This is Norse. I do see any resemblance at all.

Amazing how if one completely understands German and English that can be deciphered without too much problem.

 

[Craig234]

When you say trillions were shifted to the rich are you referring to the QE that followed and the asset bubble it created?

Regarding the Great Recession, look at it as a black box - before it American had trillions more dollars across the board; inside it, everyone lost a lot; a decade later, the 1% are way ahead of where they were but the bottom 90% aren't close to recovering.

That has a lot of causes, but the bottom line is that things like the stock market, which is overwhelmingly owned by those at the top with a small fraction for the middle wit 401(k)'s and not at all for the bottom, recovered more than things like home values.

Look at the chart below about the changes before 2008:

http://i.huffpost.com/gen/2623654/original.jpg

And how the big change was in 1980:

https://4.bp.blogspot.com/-5nmWoEV2...0/productivity-v-wage-growth_EPI_original.jpg

Whose income rose after the crash?

http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/10/22/20171025_econ2.png

 

[crowonapost]

Remember, their's two kinds of people, those that have money, I mean ungodly amounts of money and those that don't, who think this clown show of a rebuild the swamp presidency can do whatever he wants cuz' 'leader/king and all the rest are sore losers for not sucking the shoes of success that this grifter n' chief sells them. They will justify any form of deception for the lost delusional hope that they too can be trust fund baby billionaires. While failing to grasp that the gated community of non showing tax return billionaires
Have the ONE kind of people, not them and hey look at the 'Liberul'/democrat, while they offshore their stupidity. The enablers are the problem. Amazing bate and switch for the gated club wanna' bees and they lap it up. It's a historical education moment. While all these dip shits have been focused on clinton this clinton that, Clinton & Trump and the Paul Ryans have been pulling a fast one on clear minded folks called Americans. I have no sympathy for the ever closing noose on the, 'If you ain't with me you're a RINO' group. Not only are they the cheer-leading problem but they bathe in it.

 

[crowonapost]

Because the changes since Reagan that are causing it were still in place; the Great Recession under Bush shifted trillions more to the rich; Obama helped a little when he let the Bush tax cuts for the top 2% expire, over Republican objections.

Absolutely correct.

 

[cancel2 2022]

When you say trillions were shifted to the rich are you referring to the QE that followed and the asset bubble it created?

You are asking him questions well above his paygrade!

Sent from my Lenovo K8 Note using Tapatalk

 

[anatta]

I agree, especially taxing the people who drive the economy -- the lower- and middle-class workers. Despite their insistence on calling the wealthy "job creators," Republicans got that wrong. It's the rest of us who spend and buy, and *that* is what enables the economy to grow and employers to have a reason to hire more workers. The wealthy tend to stash their extra cash and pass it along to their progeny. Notice how the (R)s want to get rid of the estate tax as well? Why's that?

appreciate your honesty as always whether we agree or not..

It still needs some tweaking for the high tax states who lose the state income tax deduction.
Nobody's taxes should go up. except the very rich who lose loopholes. They are the ones who will fight it.
( along w/the Dems of course)

The new mortgage deduction cap is 500k - million dollar houses can afford to lose part of that exemption.
No more hiring tax-preparers for the rest of us. list your incomes and take the 2x standard deduction
means simplification, and many less lower income tax payers

 

[MAGA MAN]

Because the changes since Reagan that are causing it were still in place; the Great Recession under Bush shifted trillions more to the rich; Obama helped a little when he let the Bush tax cuts for the top 2% expire, over Republican objections.

Wrong answer. The poor suffered under The Obama because he lorded over the worst economic "recovery" in US history.

 

[Althea]

Issue couldn't be simpler. The rich are at record levels of inequality and want to shift MORE money from the American people to them. That's the Republican plan, period.

That hasn't changed in decades, but the reason trump couldn't allow us to see his corporate taxes, is because we would see who his creditors are.

 

[Althea]

Did you notice how he conveniently put the term 'private tax documents' in there? We don't want to see his private taxes. We want to see his corporate taxes.

 

[Althea]

I agree, especially taxing the people who drive the economy -- the lower- and middle-class workers. Despite their insistence on calling the wealthy "job creators," Republicans got that wrong. It's the rest of us who spend and buy, and *that* is what enables the economy to grow and employers to have a reason to hire more workers. The wealthy tend to stash their extra cash and pass it along to their progeny. Notice how the (R)s want to get rid of the estate tax as well? Why's that?

Early in his campaign, trump told the crowd at one of his Klan rallies that the first thing he would do as POTUS was to get rid of the carried interest tax loophole.

Have you heard anything about that in the last year?

 

[MAGA MAN]

Did you notice how he conveniently put the term 'private tax documents' in there? We don't want to see his private taxes. We want to see his corporate taxes.

Unless they are publically traded, they are still private. Still burning over Shitlery losing?

 

[PostmodernProphet]

I know... remember when it was appalling when Obama did it?

which is worse.....adding $1.5T over ten years or adding $1.5T EVERY year.......

 

[ThatOwlWoman]

appreciate your honesty as always whether we agree or not..
It still needs some tweaking for the high tax states who lose the state income tax deduction.
Nobody's taxes should go up. except the very rich who lose loopholes. They are the ones who will fight it.
( along w/the Dems of course)

Already several (R) Senators are against the new tax scheme so it doesn't look likely to pass, and especially not before Twittler's Xmas deadline.

The removal of the state and local tax exemption and student loan interest exemption is going to particularly hurt younger taxpayers. My two youngest daughters are good examples. They both live in high-tax states (IL and VT), both carry student loan debt, and both have mortgages. As it is now, they get a small refund (IL) or owe a small amount (VT). They both itemize. Remove those two exemptions and both will end up paying quite a large amount. They are ages 30 and 32 -- the prime demographic that retailers and advertisers covet because they tend to spend more of their discretionary income than we oldsters do. People like my husband and I won't pay more since we don't itemize; but we also don't spend much because at our age we have already procured household goods, car(s), clothes, etc.

If you want to wreck the economy in the most efficient manner, raise taxes on those who actually are job creators -- the people who buy products and services.

 

[PostmodernProphet]

Already several (R) Senators are against the new tax scheme so it doesn't look likely to pass, and especially not before Twittler's Xmas deadline.

if not, like Obamacare repeal, it will happen after the 2018 elections.....

 

[PostmodernProphet]

As it is now, they get a small refund (IL) or owe a small amount (VT). They both itemize. Remove those two exemptions and both will end up paying quite a large amount. .

not likely, since the new $24k standard deduction is probably higher than the itemized deductions they currently take, personal deductions are doubled and rates are lower.....

 

[CFM]

Issue couldn't be simpler. The rich are at record levels of inequality and want to shift MORE money from the American people to them. That's the Republican plan, period.

When the poor are unwilling to provide for themselves, why do you expect them to have what those doing for themselves have?

 

[CFM]

Did you notice how he conveniently put the term 'private tax documents' in there? We don't want to see his private taxes. We want to see his corporate taxes.

I'm still waiting to see Obama's college records. Can you provide them? He refused.

 

[CFM]

We are not Mueller...... They have not been released, & probably FOR VERY GOOD REASONS-the crooked bastard.........

Is that why Obama didn't release his college record, the lying bastard?

 

[MAGA MAN]

Already several (R) Senators are against the new tax scheme so it doesn't look likely to pass, and especially not before Twittler's Xmas deadline.

The removal of the state and local tax exemption and student loan interest exemption is going to particularly hurt younger taxpayers. My two youngest daughters are good examples. They both live in high-tax states (IL and VT), both carry student loan debt, and both have mortgages. As it is now, they get a small refund (IL) or owe a small amount (VT). They both itemize. Remove those two exemptions and both will end up paying quite a large amount. They are ages 30 and 32 -- the prime demographic that retailers and advertisers covet because they tend to spend more of their discretionary income than we oldsters do. People like my husband and I won't pay more since we don't itemize; but we also don't spend much because at our age we have already procured household goods, car(s), clothes, etc.

If you want to wreck the economy in the most efficient manner, raise taxes on those who actually are job creators -- the people who buy products and services.

Why should my children subsidize yours?