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Propaganda Works: Majority of Americans Now Believe the GOP Bill Will Raise Their Taxes.
Townhall.com ^
| December 13, 2017
| Guy Benson
Posted on 12/13/2017 12:25:07 PM PST by Kaslin
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To: Rome2000
I want the same goddamned deductions that corporations can take
Then hire some people, provide them with healthcare, Workers Comp benefits, extended disability benefits and a pension plan. Then pay their payroll taxes and state unemployment taxes and you will get your Christmas wish! LOL!
And I didn't even mention the property taxes on the huge corporation you intend to create nor the cost involved in the environmental studies required on the property you intend to build on............LOL!
101
posted on
12/13/2017 3:45:45 PM PST
by
Hot Tabasco
(My cat is not fat, she is just big boned........)
To: itsahoot
"How is that different from ...I particular get amusement from the my taxes are going down, even though we dont have a final Bill. 🤡 ",,,,,,,,,,,,,,,,, ....................A little common sense and a pinch of logical thinking, mixed with reading about the two bills would lead most to realize that both plans cut tax rates and both plans increase child tax credits. What the bills disagreed upon was the state and local tax issue. What key Senators got for their vote was a look at that issue. So, that is up in the air. But chicken littles are screaming "higher taxes", while having no clue about how that issue will be resolved. It may be that they might be correct, in the end. But at this point the crying about it is inaccurate noise leading to the majority of people false believing their taxes are going up. In reality, this is not the case, even if SALT are no longer deductible.
102
posted on
12/13/2017 3:54:35 PM PST
by
rbmillerjr
(Reagan conservative: All 3 Pillars)
To: Vermont Lt
What do you mean they don't pay income taxes, besides Social Security taxes, (which FICA is) and Medicare.
You still pay for medicare once you are on social security because it gets deducted from your Social security check
103
posted on
12/13/2017 4:00:17 PM PST
by
Kaslin
(Quid est Veritas?: What Is Truth?)
To: Kaslin
I mean most workers in the country do not pay income tax.
It’s actually pretty simple. If you receive SS, you are not usually in the workforce.
104
posted on
12/13/2017 4:09:08 PM PST
by
Vermont Lt
(Burn. It. Down.)
To: WilliamIII
We dont have a final bill.
“But thats not stopping you from defending it”
Your damn right.
The Tax Foundation states that even as written on the Senate version, the vast majority of middle class Americans will get fairly large tax cuts, amounting to about $180-220 per month added to their wallets.
105
posted on
12/13/2017 4:19:39 PM PST
by
rbmillerjr
(Reagan conservative: All 3 Pillars)
To: AdmSmith; AnonymousConservative; Berosus; Bockscar; cardinal4; ColdOne; Convert from ECUSA; ...
106
posted on
12/13/2017 4:19:58 PM PST
by
SunkenCiv
(www.tapatalk.com/groups/godsgravesglyphs/, forum.darwincentral.org, www.gopbriefingroom.com)
To: rbmillerjr
So, how do you label a couple expected to earn $70k with one on social security (which at this income level is mostly taxed), one with a modest non-union pension, and interest income?
Not counting the deduction for state income taxes (which wouldn't be much any because California doesn't tax SS yet!), we're looking at $50-75 less each month. For a couple on fixed income sources, this is not trivial.
To: Vermont Lt
Because most of those on SS are usually senior citizen as I am one of them.
108
posted on
12/13/2017 4:36:48 PM PST
by
Kaslin
(Quid est Veritas?: What Is Truth?)
To: CatOwner
Cat, I don’t know you specific situation, but the largest percentage tax rate cuts are from people making 75k and lower - and 100K and lower.
109
posted on
12/13/2017 4:42:34 PM PST
by
rbmillerjr
(Reagan conservative: All 3 Pillars)
To: rbmillerjr
We fall into a group of retirees who live in a high property tax state (CA, NY, TX, FL, etc.) who also have modest to extreme medical costs. In our case, we're looking at a touch over $10k in just the premiums (one of us is under 65 and doesn't qualify for ACA subsidies - in that respect, I am grateful we've avoided signing up for ACA so far). Just the property taxes and medical costs beyond the AGI threshold would create an itemized deduction under the current tax system.
With the proposed plans, the standard deduction would eliminate itemizing for most seniors in this group. Along with the removal of the personal exemptions, this results in higher federal taxes for us, even with the lower tax rates.
If the wanted true tax reform, they should have implemented a flat tax.
To: Blood of Tyrants
For a family of four, they raise the standard deduction from $12,000 to $24,000 and then take $16,200 of it back by eliminating the personal exemption so your taxable income INCREASES by $4200. Large families are hit even harder. A family of 6 would have their taxable income increased by $12,300...not quite - the new House bill raises the child tax CREDIT from $1000 to $1600, and the Senate bill from $1000 to $2000 - that's an additional $600 or $1000 taken directly from the tax owed - not the income on which that tax is computed - for each kid - a family of four (2 children) with around $80k in taxable income to report would get to take about $8k off in exemptions for the 2 kids and pay taxes on about $72k at the marginal rate of 15% under the current system - about $9200 - under the proposed system more or less, they'd pay on the whole $80k because they couldn't take the exemptions for the kids at the new 12% rate, owing about $9000, and then get to take the increased (differential) credit of at least $600 per kid - in comparison they'd end up owing about $7800 - quite a reduction all else being equal.......
To: Hot Tabasco
This bill strips away deductions from W-2 working Americans who ACTUALLY ALREADY PAY TAXES every year instead of paying zero or getting free money from the IRS, but leaves the deductions in place for corporations.
This is fundamentally unfair and a bigger scam than Obamacare, as anyone getting a tiny tax cut now will lose it in a few years when the rates are jacked up.
Homeowners with children and mortgages will pay more taxes, because their taxable income will be higher due to the loss of the deductions.
This is true even in States that dont have State and Local income taxes.
112
posted on
12/13/2017 5:49:25 PM PST
by
Rome2000
(SMASH THE CPUSA-SIC SEMPER TYRANNIS-CLOSE ALL MOSQUES)
To: Kaslin
I’m not sure where you are diverging from what I was saying?
113
posted on
12/13/2017 5:53:03 PM PST
by
Vermont Lt
(Burn. It. Down.)
To: Intolerant in NJ
Starting figure should have been $75k taxable income, not $80k, although results are about the same....
To: Alberta's Child
Trump invented ways over the media, under the media and around their BS. They still haven’t figured him out.
115
posted on
12/13/2017 6:22:41 PM PST
by
GOPJ
(Men put up w/lots of crazy for a hot woman. Women put-up w/ugly for a wealthy man. McAllister)
To: Jane Long
Thats it, mostly. Its also hard to sell things to the general public when even our own leadership FAILS miserably at presenting and fighting for OUR causes, legislation, candidates, etc. The propagandists come in all stripes. Just ask Midge & The RINOs. You're so right on this... our guys have left us down... they fail us.
116
posted on
12/13/2017 6:25:08 PM PST
by
GOPJ
(Men put up w/lots of crazy for a hot woman. Women put-up w/ugly for a wealthy man. McAllister)
To: Kaslin
And when they go down the fools won’t even notice.
Most people we totally stupid when it comes to taxes. Because of that and that most pay nothing they don’t deserve to be citizens or vote
117
posted on
12/13/2017 6:28:06 PM PST
by
Sequoyah101
(It feels like we have exchanged our dreams for survival. We just have a few days that don't suck.)
To: rbmillerjr
It’s also raising taxes on millions of people. More “read my lips” tax raising
To: Intolerant in NJ
119
posted on
12/13/2017 6:29:54 PM PST
by
Blood of Tyrants
(Conservatives love America for what it is. Liberals hate America for the same reason.)
To: CatOwner
>>>When retirees in high property tax states (CA, NY, TX, FL, etc.)<<<
CA isn’t a high Property Tax State. It is a high cost of living State, especially along the Coast. If you are a Retiree with a modest Income who has your Home paid off, CA is the place to be of you can stand the Liberal Politics. It also has the best Weather in the Country.
Proposition 13 restricts Property Taxes to 1% of Assessed Value in CA which can only rise 2% a year. The only added costs are for any Voter approved Bond indebtedness which pushes our Property Tax to 1.25% of Assessed Value.
For instance, we bought our Home in 1991 for about $240,000. Our Property Taxes were $2,500 a year. Now, 16 Years later our Home is worth about $750,000 and our Property Taxes are $3,600.
The State of NY has high Income Taxes and high Property Taxes and is bleeding Residents. All our Relatives left there years ago and ended up in FL.
My understanding is TX is you get more House for your Money, but the Property Taxes are outrageous. Not a good place to be if you are a Retiree.
I have no idea what the situation is in FL outside of Watching Beachfront Bargain Hunt on HGTV. They never mention Property Taxes or Flood Insurance costs though.
120
posted on
12/13/2017 6:57:48 PM PST
by
Kickass Conservative
( THEY LIVE, and we're the only ones wearing the Sunglasses.)
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