Posted on 12/02/2017 1:37:52 AM PST by Kaslin
Hmmmm....The Law of Unintended Consequences?
The fact that Blue State RATs will never vote for another Republican?
Ah! The Corksucker was good to his word....for the first time!
True, and they should have gotten a break as well. But people who elect irresponsible tax and spend dems in their states should pay for what they voted for.
“Kneel to your money masters”
I kneel only to Jesus Christ my Lord & Savior. I gladly forgive your for the disparagement.
“The problem isn’t with the states the problem is with the feds. “
I agree with that 100%. Fedzilla should not be paying for California’s or New York’s or any other state’s taxation on their citizens.
High taxation states will no longer be able to continue their exorbitant spending because over time people will migrate to other states decreasing the size of their tax base. Progressives, being morons by nature, will undoubtedly jack up their citizens taxes & fees creating more migration & that cycle will continue until voters in that state decide they’ve been taxed enough & take control of their state back from the RATs.
Reagan called it “voting with their feet”. Does that making him a “Hamilton follower” too?
States should be sending less of our money to Fedzilla. Fedzilla need to spend less of our $$$ as well. I believe this tax bill in the long term leads to this happening.
Amen!!! You nailed it.
great post!
And how are federal taxes any different? How is taking money away from someone at a rate of 35% while sending someone money they didn’t pay in taxes, an earned income tax credit, not redistributing wealth? In fact this tax plan is written to jettison only enough support to keep their power in Washington by choosing who will win and who will lose.
(The fact that Blue State RATs will never vote for another Republican?)
After witnessing the economic growth coming from these tax cuts they may just want the same for their own states and vote for the only party that will deliver those cuts. Might just as easily turn a blue state red.
I totally agree. The Earned Income Credit is crazy and IS a total Redistribution of wealth.
The argument I set out was over ‘deductions’ trying to some of our money ‘back’.
The fact that the Federal Government itself is overtaxing us is another fact. Including it being used as Redistributions.
As far as this tax plan not giving enough of our money back, like Reagan said (paraphrasing) get the best you can and try later for better.
478 pages. That makes me concerned. How much pork and special treatment for special interests was snuck in there? I want a simplified tax code, without ANY bs.
“The GOPe destroyed or capped almost every measly tax deduction we had (mortgage interest, SALT taxes, medical expenses, student loans, employment tuition benefits, etc.) all so the GOPe donors and corporations could make out like bandits. And someone had to “pay for” their huge tax cut in a revenue neutral budget - you and me. They soaked the middle class.”
How can one person (you) be so wrong so much of the time. Personally I would spend more time on research and less time letting on DU, oh, excuse me. I outed you.
” Might just as easily turn a blue state red.”
That is exactly my point too. If these overtaxed states had to actually answer to their people for overtaxing (people feeling it and not getting deductions for it), then they would be more informed and forced to be responsible in who they pick for their ‘leaders’ and decision makers.
FRiend, I am not part of the Trump cult, but a corporate tax rate cut was a campaign PROMISE. I think the package as a whole sucks, but it is NOT worse that what we have presently. We expected so much better.
“My taxes are going up thousands of dollars.”
That is likely solely because you live in a state and/or city run by true socialists...and exclusively by true socialists. I feel your pain, I truly do. But what we have to do in this country today with this government is work the art of the possible. There wouldn’t be 20 votes in the Senate and barely 100 in the House for a tax bill like what you are calling for. We have garbage for government, so what Trump accomplished here is dramatic.
I do sympathize with your anger...up until 12 years ago I lived in a high tax state - run for decades exclusively by socialists who raped the citizenry for their own personal profit. Today I work and live in one of the ten lowest tax states...I got a measly $1200 deduction each year for SALT. I make about 200K per year and this year i’ll make about 20K more than last year - and even with that 20K in added salary I will pay under this new bill more than $4K less in taxes. That’s about a 6K cut...so yes it is a middle class tax cut. And it will be fun to see those top ten tax states scurry to lower their taxes...and if they don’t, look at your neighbors for the reason.
Like people, States need to get off their drugs...their drugs are their high state taxes that benefit no one but the socialists who get elected in those states. Maybe those states need a hard dose of reality that will make them stop stealing from their own citizens. The answer for you is closer to home. If your state has to stop stealing your money, you too will be better off.
GREAT POST!
I wonder if the bit is still in there extending the length of time you have to live in a home before you can take the capital gains exemption. It’s always been 2, from what I can tell, that’s gone too.
Might not affect too many people, but I know of someone who took a job move, and since they had lived in it for more than 2 years, they’d be able to sell at their leisure. If that bit remained in the tax bill, if his house hasn’t sold by 12/31/17, they pay capital gains on the profit. Following the rules, but the rules change mid game, that’s what this tax bill looks like to me.
Exactly, you get the rubes hooked on the pretty giveaways and then you own them. That’s starting to break down only because of Donald Trump who administered unwelcome, doses of red pills.
Not a perfect bill by any means, but still. . . WINNING!
That is a wonderful promise. I believe The Trump Presidency will transform our economy, returning America to a land of opportunity for all with ambition, drive & the will to succeed. And we will have a wall, a secure voting system, a sensible immigration system and the rule of law.
AMT may be gone in the final bill. We will have to wait & see.
AMT is both unfair & adds complexity to filing. POTUS may push back. Also it is going to make sure a segment of Americans will have coal in their stockings. Depending on the level of income that triggers it the AMT can be effectively neutered so they do have ways to address the issue.
I do not know Sky Pilot, so I will not make any accusations; however, his/her post was copied and pasted on DU. Things that make me go Hmmmmmm?
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