Post: #51

(11-04-2017 02:28 PM)speculator Wrote:  This tax bill will make divorce rape even more painful. Currently, alimony payments are deductible and the recipient pays taxes on alimony received. According to the draft, alimony payments won't be deductible anymore and the recipient will be able to keep alimony income tax free.

This is the most anti-male piece of legislation I have seen in a long time. Fuck Trump if he was aware of this crap and let it pass through into the final draft. However, I think it's the GOP cucks who are trying to sabotage Trump's support withing the male population.

http://nypost.com/2017/11/03/gop-tax-pla...even-more/

It may push more men away from marriage. I was skeptical of the alimony claim (news is often inaccurate in describing legislation), so I looked it up, and its a plain fact. The section on alimony may be found in section 1309:
https://www.congress.gov/bill/115th-cong...BB81BAAF12

Post: #52

I would like to know why these assholes are keeping carried interest when this was suppose to be about fair taxes and the removal of these special interest tax deductions.

Donald has some explainin to do.

Post: #53

^^The Donald has done a great job with what he's had to work with in his presidency. Also, his influence on legislation is limited, so he may not be to blame for anything wrong with the tax bill.

Post: #54

(11-04-2017 04:06 PM)Laska Wrote:  ^^The Donald has done a great job with what he's had to work with in his presidency. Also, his influence on legislation is limited, so he may not be to blame for anything wrong with the tax bill.

Donald has more influence than you think. Ryan wanted a 25% corp rate and Donald said it had to be 20 or less.

There is no reason for keeping carried interest. We'll wait and see what happens in the Senate and if Donald puts pressure to remove that loop hole (which he campaigned on).

Post: #55

The tax bill will also tax tuition wavers for students in graduate programs. This seems like a terrible idea:

https://mobile.nytimes.com/2017/11/16/op...oogle.com/

If a school wants to not charge somebody for tuition, that should be their choice, the government shouldn't have anything to do with it. Someone correct me if this article is misleading.

This will really fuck over one of my family members going for his PHD.

Post: #56

(11-02-2017 06:32 PM)Razor Beast Wrote:  No one needs tens or even hundreds of millions of dollars when they didn't earn it themselves. That is just pure greed.

Until you have tens of millions right?

Post: #57

(11-20-2017 09:26 AM)Repo Wrote:  The tax bill will also tax tuition wavers for students in graduate programs. This seems like a terrible idea:

https://mobile.nytimes.com/2017/11/16/op...oogle.com/

If a school wants to not charge somebody for tuition, that should be their choice, the government shouldn't have anything to do with it. Someone correct me if this article is misleading.

This will really fuck over one of my family members going for his PHD.

It's one of those "loop-holes" in the tax code that they want to get rid of.

Post: #58

(11-20-2017 11:04 AM)Rush87 Wrote:  

(11-02-2017 06:32 PM)Razor Beast Wrote:  No one needs tens or even hundreds of millions of dollars when they didn't earn it themselves. That is just pure greed.

Until you have tens of millions right?

"The obscure millions of a great empire have much less to dread from the cruelty than from the avarice of their masters, and their humble happiness is principally affected by the grievance of excessive taxes, which, gently pressing on the wealthy, descend with accelerated weight on the meaner and more indigent classes of society." -Edward Gibbon.

Post: #59

The one thing I can say about the tax bill debate that I'm loving is the elimination of SALT deductions and watching the democrats doing their pee pee dance over protecting wealthy democrats in their own states.

And how now, the democrats have to actually confront the reality that taxing the shit out of people, even liberal people, with money to pay for inefficient/corrupt bullshit programs has limits.

The only concern I have is that the rich libtards will leave and further fuck up more once very conservative states; as has already happened in Colorado and Texas.

That said, the house passed version has some real monkey crap in it if the following is accurate (from the Wash Post so accuracy is highly questionable; feel free to correct):

Quote:The entire business tax system would also change from a worldwide system, in which money anywhere around the globe is taxed, to a territorial system in which it's mostly money made in the United States that is taxed. Businesses have long lobbied for this change

Is there gonna be changes to taxing worldwide personal income as well? If not, straight up bullshit.

Quote:To help out the small “mom and pops [busiesses]" the final bill has a 9 percent rate on the first $75,000 in income for business owners making $150,000 or less. But that tax break phases in, meaning it isn't fully available until 2022.

The pass through tax rate thing is a mess and they are gonna make small businesses wait 4 years to fully phase in the tax cuts? But big corporations only have to pay taxes on domestic profits now while getting a clean cut drop from 35% to 20% immediately? Get the fuck outta of here.

From CRFB from a few years ago:

Quote:The Tax Foundation estimates that if the Child Tax Credit was eliminated and the revenue was used to reduce rates, all tax rates could decrease by 4.8 percent (so the top 39.6 bracket would become 37.7 percent).

Both the house and senate apparently want to increase the child tax credit significantly; like a 50 to 100% increase. No thanks. Way too abused by lower income people already who pump out more kids than they can afford. I rather that money be use to give IUDs to baby making hoodrats and other trash. Leave child tax credits to states only. If California and New York want to incentivize deadbeat single moms, let them pay for it.

Post: #60

(11-20-2017 11:20 AM)Laska Wrote:  

(11-20-2017 09:26 AM)Repo Wrote:  The tax bill will also tax tuition wavers for students in graduate programs. This seems like a terrible idea:

https://mobile.nytimes.com/2017/11/16/op...oogle.com/

If a school wants to not charge somebody for tuition, that should be their choice, the government shouldn't have anything to do with it. Someone correct me if this article is misleading.

This will really fuck over one of my family members going for his PHD.

It's one of those "loop-holes" in the tax code that they want to get rid of.

Yeah, I don't see that as a loophole. This is like saying if a public speaker gives a speech for free, everyone who heard it should have to claim on their income taxes the regular price of that speech.

Post: #61

(11-20-2017 12:27 PM)Repo Wrote:  

(11-20-2017 11:20 AM)Laska Wrote:  

(11-20-2017 09:26 AM)Repo Wrote:  The tax bill will also tax tuition wavers for students in graduate programs. This seems like a terrible idea:

https://mobile.nytimes.com/2017/11/16/op...oogle.com/

If a school wants to not charge somebody for tuition, that should be their choice, the government shouldn't have anything to do with it. Someone correct me if this article is misleading.

This will really fuck over one of my family members going for his PHD.

It's one of those "loop-holes" in the tax code that they want to get rid of.

Yeah, I don't see that as a loophole. This is like saying if a public speaker gives a speech for free, everyone who heard it should have to claim on their income taxes the regular price of that speech.

Exactly. That's why no one should trust simplified talking points from politicians, you end up with crap like this.

Post: #62

False metaphor. No one would put up with those grad student programs without the tuition waiver, hence it is defacto income.

Unis are the center of PoZ. Fck 'em.

Post: #63

Quote:Both the house and senate apparently want to increase the child tax credit significantly; like a 50 to 100% increase. No thanks. Way too abused by lower income people already who pump out more kids than they can afford. I rather that money be use to give IUDs to baby making hoodrats and other trash. Leave child tax credits to states only. If California and New York want to incentivize deadbeat single moms, let them pay for it.

Single deadbeat moms don't pay taxes. The Child tax credit may be one of the single best changes for the middle class in this bill, and has the potential to dramatically improve our negative birth rates.

Quote:The tax bill will also tax tuition wavers for students in graduate programs. This seems like a terrible idea:

https://mobile.nytimes.com/2017/11/16/op...oogle.com/

If a school wants to not charge somebody for tuition, that should be their choice, the government shouldn't have anything to do with it. Someone correct me if this article is misleading.

This will really fuck over one of my family members going for his PHD.

Why can't schools just claim tuition as "gifts" to their grad students, which aren't taxable under federal law?

I think they removed this loophole because of other reasons in the code not mentioned in the NYT article. Probably something to do with the school claiming the tuition under total students enrolled to meet some other quotas.

But if the schools are forced to "gift" the tuitions, then the schools will not be able to claim these students are enrolled for other tax purposes.

Looks to me like the GOP is just fucking over big education, which is sorely needed because of the deep left-wing communist corruption inside of the schools.

Post: #64

(11-20-2017 01:15 PM)scrambled Wrote:  False metaphor. No one would put up with those grad student programs without the tuition waiver, hence it is defacto income.

Unis are the center of PoZ. Fck 'em.

Nobody is being paid. The degree has no intrinsic value. Therefore it is not defacto income.

How about this metaphor then, this is like considering scholarships taxable income.

@Samseau

"Gifting" seems reasonable, if this is allowed.

Post: #65

I still can't get over how retarded this bill is. Tax cuts are supposed to make you go "fuck yeah!" if you're a hard working, even moderately successful individual. This fucking bill? Unless you're a globohomo multinational corporation or waiting for Grandpa Warbucks to croak and get your millions in inheritance, you're standing there scratching your head and wondering whether you're going to pay less taxes, the same, or even more than before. The congress faggots have got to go, this level of fuckery and or incompetance is inexcusable.

Also, how come nothing has been done to incentivize domestic manufacturing and disincentivize offshoring via this tax code reorganization? If you're going to slash corporate tax rates nearly in half and completely shake up the territorial system, why wouldn't you use this opportunity to bake incentives for domestic manufacturing into the tax code? I know it's been a year since the election, but I still seem to remember that trade and manufacturing was one of the twin pillars in Trump's platform alongside immigration. We've seen no changes to the tariff regime and now Trump has personally intervened with the congressional cucks to lower the corporate tax rate from 25% to 20% but he's done nothing to discourage offshoring? GTFO.

Post: #66

(11-20-2017 04:16 PM)Higgs Bosun Wrote:  I still can't get over how retarded this bill is. Tax cuts are supposed to make you go "fuck yeah!" if you're a hard working, even moderately successful individual. This fucking bill? Unless you're a globohomo multinational corporation or waiting for Grandpa Warbucks to croak and get your millions in inheritance, you're standing there scratching your head and wondering whether you're going to pay less taxes, the same, or even more than before. The congress faggots have got to go, this level of fuckery and or incompetance is inexcusable.

Also, how come nothing has been done to incentivize domestic manufacturing and disincentivize offshoring via this tax code reorganization? If you're going to slash corporate tax rates nearly in half and completely shake up the territorial system, why wouldn't you use this opportunity to bake incentives for domestic manufacturing into the tax code? I know it's been a year since the election, but I still seem to remember that trade and manufacturing was one of the twin pillars in Trump's platform alongside immigration. We've seen no changes to the tariff regime and now Trump has personally intervened with the congressional cucks to lower the corporate tax rate from 25% to 20% but he's done nothing to discourage offshoring? GTFO.

Do you not understand that Trump can't do two things at one time?

Right now he's lowering domestic taxes, next up will be increasing international taxes. He obviously wanted to do the tax cuts first because that is the only thing the current GOP congress can agree upon.

Trump already has access to some very powerful tariffs from previous trade laws, and I suspect it's just a matter of time before Trump implements them. He's waiting for this tax bill to pass first before he starts up trade wars and pissing off other GOP members.

Trump knows what he's doing, and the people who keep criticizing this bill with Democratic talking points are going to look foolish in two years from now.

Post: #67

Rand Paul is planning to support the bill:

http://www.foxnews.com/opinion/2017/11/2...ign=buffer

Post: #68

(11-20-2017 11:04 AM)Rush87 Wrote:  

(11-02-2017 06:32 PM)Razor Beast Wrote:  No one needs tens or even hundreds of millions of dollars when they didn't earn it themselves. That is just pure greed.

Until you have tens of millions right?

You took me out of context. And how can you possibly judge from an internet post what I value or don't value in life? Do you realize the very people who have achieved those massive fortunes used their money to influence corruption and crony capitalism to serve their own financial interests over the common good?

Once you have enough money to not have to worry about your basic needs money won't buy you happiness. Someone's always going to have nicer things, hotter girls, and a better social life than you. If you live life with that attitude you will spend your whole life miserable blinded by greed and unable to see the blessings you are surrounded by.

In the end it doesn't look like it will matter. If this country pursues policies (like this tax plan) than furthers the mal-distribution of wealth in the country by catering to corporate interests and the wealthy over the middle class, you're going to see the wealthy continue to park their increasing net worth in investments outside the real economy. The money isn't being reinvested into the real economy to create jobs (better paying ones) and real economic growth. You can only do so much to financially engineer growth like corporations have done the last 10 years. The middle class is dying, the lower classes have little disposable income. People are getting squeezed out of the real economy. The path we are on is unsustainable. People are becoming more polarized politically and hostile across racial and economic lines. Expect escalating political radicalism, tensions, and violence from each side going forward.

Post: #69

(11-21-2017 12:56 AM)Samseau Wrote:  

(11-20-2017 04:16 PM)Higgs Bosun Wrote:  I still can't get over how retarded this bill is. Tax cuts are supposed to make you go "fuck yeah!" if you're a hard working, even moderately successful individual. This fucking bill? Unless you're a globohomo multinational corporation or waiting for Grandpa Warbucks to croak and get your millions in inheritance, you're standing there scratching your head and wondering whether you're going to pay less taxes, the same, or even more than before. The congress faggots have got to go, this level of fuckery and or incompetance is inexcusable.

Also, how come nothing has been done to incentivize domestic manufacturing and disincentivize offshoring via this tax code reorganization? If you're going to slash corporate tax rates nearly in half and completely shake up the territorial system, why wouldn't you use this opportunity to bake incentives for domestic manufacturing into the tax code? I know it's been a year since the election, but I still seem to remember that trade and manufacturing was one of the twin pillars in Trump's platform alongside immigration. We've seen no changes to the tariff regime and now Trump has personally intervened with the congressional cucks to lower the corporate tax rate from 25% to 20% but he's done nothing to discourage offshoring? GTFO.

Do you not understand that Trump can't do two things at one time?

Right now he's lowering domestic taxes, next up will be increasing international taxes. He obviously wanted to do the tax cuts first because that is the only thing the current GOP congress can agree upon.

Trump already has access to some very powerful tariffs from previous trade laws, and I suspect it's just a matter of time before Trump implements them. He's waiting for this tax bill to pass first before he starts up trade wars and pissing off other GOP members.

Trump knows what he's doing, and the people who keep criticizing this bill with Democratic talking points are going to look foolish in two years from now.

He should backtrack on the stock market pumping before its too late.

And before championing the tax plan why don't you watch the video at the link below. Business leaders have no faith in the real economy. The only thing they have confidence in is their ability to artificially inflate asset prices, so long as the Fed allows them to do so. Even that will be coming to an end in the near future.

You want real economic growth? Focus on de-regulation, not tax cuts. Hit back at China hard on their unfair trade practices and theft of IP from U.S. companies. Corporate Tax Cuts => Corporate Buybacks (leveraged or re-invested) => Stock prices go up => Stockholders realize profits. The wealthiest Americans own a massive chunk of the stock market. This money will never see the real economy. Years from now the middle class will of course foot the bill for the ballooning government deficit. Focusing on cutting corporate taxes is an indirect tax cut on the wealthiest Americans, while the middle class gets thrown a few table scraps to keep them from revolting. But then again, they have no idea what's actually going on lol. The election of Trump shows they know they are getting taken advantage of somehow by Washington but they can't quite put all the puzzle pieces together.

http://www.zerohedge.com/news/2017-11-15...y-disaster

Post: #70

(11-20-2017 04:16 PM)Higgs Bosun Wrote:  I still can't get over how retarded this bill is. Tax cuts are supposed to make you go "fuck yeah!" if you're a hard working, even moderately successful individual. This fucking bill? Unless you're a globohomo multinational corporation or waiting for Grandpa Warbucks to croak and get your millions in inheritance, you're standing there scratching your head and wondering whether you're going to pay less taxes, the same, or even more than before. The congress faggots have got to go, this level of fuckery and or incompetance is inexcusable.

Also, how come nothing has been done to incentivize domestic manufacturing and disincentivize offshoring via this tax code reorganization? If you're going to slash corporate tax rates nearly in half and completely shake up the territorial system, why wouldn't you use this opportunity to bake incentives for domestic manufacturing into the tax code? I know it's been a year since the election, but I still seem to remember that trade and manufacturing was one of the twin pillars in Trump's platform alongside immigration. We've seen no changes to the tariff regime and now Trump has personally intervened with the congressional cucks to lower the corporate tax rate from 25% to 20% but he's done nothing to discourage offshoring? GTFO.

The incongruency to me looks like he was running on someone else's platform (Bannon/Miller) and realized he couldn't take the heat on him and his family anymore once he got elected and found out how deep the rabbit hole goes. I think he cares about the American people but I'm not convinced he believes everything he ran on. He seems easily influenced by those who happen to be closest to him at the time.

Post: #71

(11-20-2017 04:16 PM)Higgs Bosun Wrote:  I still can't get over how retarded this bill is. Tax cuts are supposed to make you go "fuck yeah!" if you're a hard working, even moderately successful individual. This fucking bill? Unless you're a globohomo multinational corporation or waiting for Grandpa Warbucks to croak and get your millions in inheritance, you're standing there scratching your head and wondering whether you're going to pay less taxes, the same, or even more than before. The congress faggots have got to go, this level of fuckery and or incompetance is inexcusable.

The problem nobody will talk about is that hard-working, "moderately successful" individuals have been given tax breaks to the point that nobody with an average income is actually a net payer. On top of this, most Americans are unaware of how much deficit spending is hidden by federal "cash"-like accounting methods, and that we're still going to have to pay it eventually.

We could tax the highest earners at 100% and we're still not going to catch up with this. If we're never going to reform Social Security - a Republican commitment that Trump has sworn to abandon - it's the hard-working, moderately-successful people who rely on it who are ultimately going to be made to cover it.

Either way, I haven't scoured it in detail, but this NYT analysis actually seems pretty even-handed:

https://www.nytimes.com/interactive/2017...ilies.html

Post: #72

What happened

John McCain will support Senate tax bill, boosting its chances of passing

Quote:"After careful thought and consideration, I have decided to support the Senate tax reform bill," McCain said in a statement. "I believe this legislation, though far from perfect, would enhance American competitiveness, boost the economy, and provide long overdue tax relief for middle class families."

McCain's stance, as well as an expected "yes" vote from Sen. Lisa Murkowski, R-Alaska, all but erases potential GOP opposition to the plan. Republican leaders are currently tweaking the bill to appease other skeptical senators, including Sens. Bob Corker, R-Tenn., James Lankford, R-Okla., Jeff Flake, R-Ariz., Susan Collins, R-Maine, Ron Johnson, R-Wis., and Steve Daines, R-Mont.

Post: #73

(11-03-2017 11:11 AM)8ball Wrote:  This is an anti California/NY tax plan. couples making a combined over 200k will have a tough time trying to afford homes in "good" neighborhoods. It doesn't affect those that already have a house.

Good. That's what those states get for voting for Hillary Clinton.

If they don't like the GOP's tax plan, they can vote for politicians who will lower their state tax burdens.

Federal taxation should redirect wealth away from blue states---whose economies are based on speculation, graft, and theft---towards red states, where the productive sectors of the American economy, namely agriculture and manufacturing, are based.

Post: #74

(12-01-2017 11:04 AM)Matt Forney Wrote:  

(11-03-2017 11:11 AM)8ball Wrote:  This is an anti California/NY tax plan. couples making a combined over 200k will have a tough time trying to afford homes in "good" neighborhoods. It doesn't affect those that already have a house.

Good. That's what those states get for voting for Hillary Clinton.

If they don't like the GOP's tax plan, they can vote for politicians who will lower their state tax burdens.

Federal taxation should redirect wealth away from blue states---whose economies are based on speculation, graft, and theft---towards red states, where the productive sectors of the American economy, namely agriculture and manufacturing, are based.

But California actually has more manufacturing and agricultural jobs then every other state. And it already receives less money back from the government than it gives. The largest takers are already red states.

Post: #75

(12-01-2017 03:32 PM)Repo Wrote:  

(12-01-2017 11:04 AM)Matt Forney Wrote:  

(11-03-2017 11:11 AM)8ball Wrote:  This is an anti California/NY tax plan. couples making a combined over 200k will have a tough time trying to afford homes in "good" neighborhoods. It doesn't affect those that already have a house.

Good. That's what those states get for voting for Hillary Clinton.

If they don't like the GOP's tax plan, they can vote for politicians who will lower their state tax burdens.

Federal taxation should redirect wealth away from blue states---whose economies are based on speculation, graft, and theft---towards red states, where the productive sectors of the American economy, namely agriculture and manufacturing, are based.

But California actually has more manufacturing and agricultural jobs then every other state. And it already receives less money back from the government than it gives. The largest takers are already red states.

Not true. California is a net leech on the American government. The "receiv[ing] less money back from the government than it gives" argument is a fake metric invented by left-wing economists in order to justify bigger government.

California (and New York) cause massive negative externalities through their love of illegal aliens and unskilled immigrants, who drive down wages and hurts the middle and working classes. This is evident in the fact that California is broke, despite having so many wealthy industries/individuals and such high taxes: a increasingly larger share of their population is using government services and paying nothing in (and also trashing their local municipalities, causing them to declare bankruptcy). Let's add in crime and demographic disruption, which also inflict visible and hidden costs on communities, particularly the middle class (which is why the Californian middle class now resides in Nevada and Arizona, leaving behind the very rich and their illegal Latino helots).

The amount of poz California has unleashed on the country is another major cost they've inflicted on us. Would gay "rights" be as advanced as they are without California? (See: CA State Sen. Scott Wiener recently decriminalizing giving someone HIV.) Gay men are massive drains on the healthcare system due to their degenerate lifestyles, and they also die far younger than the average American.

California agriculture is a joke. The entire state would be (and was) a desert before it started siphoning water from the Colorado River. The states that are further upstream could choke off the river and Californians would be dehydrating, starving, and dying within days.

The most useful and profitable industry California has---the tech industry---is not dependent on California per se, and would likely be relocated should the state ever secede. In fact, some tech companies are already moving to Nevada in order to save money on taxes.

If California is "receiv[ing] less money back from the government than it gives," it's because they're socializing the costs of their Brazil-style economics and pozzed progressive politics among the rest of the country. To hell with them. I hope the GOP tax plan leaves them utterly destitute.

Why should states like Wisconsin and Indiana that manage their finances prudently and safeguard their residents have to suffer so Hollywood perverts and Silicon Valley bugmen can save a few bucks on their gardening bills?