![]() |
Quote:
|
How many people here watched the speech?
|
Quote:
I worked in management all my life. The only thing that I have received from the government is social security, and Medicare. My last year of college, I was supporting my wife, and a baby. I had 20 hours days between work, and college. We qualified for the WIC program. You try existing on 4 hours of sleep a night with a new baby in the house. There is nothing wrong with the current tax rate system. The reason that I brought up the estate tax was that he said all things should be equal. I don't believe for one second that you shouldn't be able to pass your estate to your children. even with the graduated rates, the tax system as is benefits the rich, and powerful. The money that they are paying is coming from their disposal income, which they have a hard time spending now. You are talking about increasing taxes on at least 47% of the people in the U. S, most of which couldn't afford a tax increase. I think Trump threw a number 45% of a two person working family sending their children to daycare. These people have very little, if any, disposal income. You are talking money out of their fixed expenses, and putting it in peoples' pockets that don't need it. 45% daycare, say 18% federal and 5% state income tax, and 8% SS, and Medicare, that is 76% in taxes. The only number that could drop is daycare. You think that this is a way to live, and work. It is great, if you don't intend eat. Maybe you can go out bare ass, so you can save on clothing. Maybe as an act of common decency, the government can provide people clothing. Of course, the clothing would all have to be the same, so we will know who the deadbeat freeloaders are. Let's talk about a flat tax. The contention is everybody should pay the tax rate as if all things are equal. They are not. So, my post was to level the field. There has a graduated income forever. You don't change that overnight, and now say all things are equal. How do you make up for the past injustices by punishing the people that can least afford it? The flat tax would have to be gross income with no deductions. Everyone, and everything has to be equal. That eliminates all the itemized deductions, and the child tax credit. The housing market, and the stock market would collapse. It would be a lot worse than 2008. Banks and mortgage companies would look at the losses in 2008 as the good old days. The rich would lose more in the stock market than they would gain by having a lower tax rate. What do you say to people that need the mortgage interest, and property tax deduction, and all other itemized deductions to pay for the mortgage? Sorry! We have to give the rich more money. Sure, that would fly. As far as the estate tax, the death tax is a term Republican's use demonize it. It affects 2 out of 1,000 people in the U.S. These people have excellent accountants, and attorneys. They are getting around a portion of the tax. If it is within the law, there is no problem. Don't go out there and give the impression that elimination of the estate tax will benefit everyone. By the way, I gave my daughter, and my three grandchildren $125,000. as a down payment on a house. You don't have to wait until you die to help your children. They appreciate it more, when the gift is given when you are living. I guess when you said I was one of the needy ones, you hit the nail right on the head. A flat tax will never happen. It is a beyond stupid idea. Simple solutions to complex problems never work. |
Quote:
Hardly anyone reads. |
People read and hear what they want to.
the other day Hillary said in error she was raising taxes everyone cheered, they heard "lower" I'm sure millions watched it. I'm sure many in TV watched, it was a major policy speech. yes I watched it and saw it as CHANGE. |
Quote:
I did watch the speech, and my first post was more about details of the speech rather than his appearance, which all the respondents were to that point. Then, I got attacked by the flat taxers. AP fact check: How does Donald Trump's economic plan hold up? | PBS NewsHour Trump might have changed his tone, but he still lives in his own fact free zone. Independent government agencies have put numbers on his economic proposals, as well as Hillary's. They have projected that his plan will add between 7-10 trillion to the national debt over ten years. Hillary would add less than 1 trillion over ten years. Reagan, Bush Sr., and Clinton all cut taxes, but they were all revenue neutral. The cut expense to offset the loss of revenue. That was Republican 101. You don't add to the debt. Trump, and Hillary didn't cut any of the existing programs. Trump is relying totally on a doubling of the GDP. That is an incredible roll of the dice. This is for Mr. Libtard also, who mentioned the recent recovery under Obama. Things have changed with the world economy. This last recovery took time, because of changes in the world economy. Blaming Obama for the changes are just Republican talking points to the undereducated that care less about details. Production jobs in great number have left the U.S. Making the assumption that cutting taxes will put more money in people's pockets; therefore, everything will be peachy keen again. The tax rate cuts that he is proposing are going to the wealthy. Middle class aren't going to see much more in their pockets. The tax rate cuts will benefit the upper classes you would expect coming from the advisors that he used. He intends to cut the corporate tax for 35% to 15%. There is a real big problem there. Professional organizations (ie. attorneys, accountants, Wall Street ) have been using the LLC laws to reduce their tax burden. Instead of paying the 39.% rate as an individual, they are paying the corporate rate 35%, and get to deduct expense they wouldn't have been able to do as a private citizen. As corporations these people that add little production to the economy will have their tax rate lowered by 20% with no benefit to the economy. Trump didn't or include in his proposal how he was going to pay for the inter structure changes he wants to make. It has been estimated that it would cost three trillion over ten years to correct. They estimated that only 1/3 of the changes made sense due to the cost. Again given the state of the world economy, relying of an doubling of the GDP just isn't smart. He will probably upset many countries with his renegotiations of the existing trade agreements. The trade deal were Republican inspired that backfired for the common working man, but major corporation did just fine. I done! |
Quote:
The best response is the one that we were taught as a child. I am rubber. You are glue. Everything that you say about me bounces off me, and sticks to you. |
Quote:
|
Quote:
It does however, create a problem. Per some people, I am the only left-leaning person here. I guess you just disabused them of that hope. :D While taking credit for your well written and time consuming post refuting some right-wingnuts simplistic screeching, would be an honor...no way my integrity and ethics would allow that. Once again...outstanding job! :thumbup: :wave: CNM |
Quote:
|
Quote:
|
Quote:
You are so transparent. In all your guises. |
Quote:
Anyway-- Here's my favorite part of the speech that helps people like us: "Trump presented his pledge to repeal the estate tax, worth an estimated $25bn a year, as a boon for the working class, but it only applies applies to estates larger than $5.45m for individuals, or $10.9m for married couples – in effect, people like himself and his children." Now I will be able to give my kids the $11 million I've been saving up. |
Quote:
|
Quote:
I guess that makes me a perv. |
All times are GMT -5. The time now is 03:58 AM. |
Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2025, vBulletin Solutions Inc.
Search Engine Optimisation provided by
DragonByte SEO v2.0.32 (Pro) -
vBulletin Mods & Addons Copyright © 2025 DragonByte Technologies Ltd.