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Started By
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1
Posted on 9/28/17 at 9:39 am to Iosh
quote:
Wealthy people, who own the lion's share of stocks,
Is there any evidence of this? Because I'm pretty sure this in completely wrong.
quote:
The rich would benefit from a new preferential rate for business income — while high-income workers could pay tax at rates as high as 35%, business owners would have tax on their profits capped at 25%.
From what I read, this would apply to people who claim business income as personal income, basically moms selling crafts out of their garage. Seems a good thing to me for the middle class.
No one making millions on a real business is actually marking their business profit as personal income.
quote:
And the estate tax would be abolished altogether.
This is such a fricking stupid tax for the GOP to champion. All their major donors are already using living trusts to get around this. The only people that get screwed are people who are too dumb or short sighted to use the existing loopholes. But the GOP paints a big target on their back to entice democrats.
Posted on 9/28/17 at 9:40 am to 90proofprofessional
quote:Woke alpha's don't fear anything, and in this case, they know that its popularity is imminent, only because it will be a fake popularity perpetuated by the globalist MSM in coordination with the same people who are behind all of the false flag attacks that have occured over the previous 8 years.
maybe he is rightly in fear of the movement's imminent popularity
Posted on 9/28/17 at 9:43 am to cokebottleag
quote:
This is such a fricking stupid tax for the GOP to champion.
Totally disagree. Little Johnny and Little Mary should not have to hire lawyers and tax consultants today just to save the farm because their dad died yesterday.
Posted on 9/28/17 at 9:43 am to el Gaucho
quote:
Do you thrive on gmos and vaccines?
and taco trucks manned by immigrants
Posted on 9/28/17 at 9:44 am to Eli Goldfinger
flat tax of 17% with a $25,000 deduction for single $50,000 for joint filing.NO OTHER DEDUCTIONS.
a married couple making $100,000 would pay 17% of the remaining $50,000, for an effective rate of 8.5%
a married couple making $70,000 would pay 17% of the remaining $20,000, for an effective rate of 4.86%
a married couple making $200,000 would pay 17% of the remaining $150,000, for an effective rate of 12.8%
income is income, doesn't matter how it is made it is taxed the same
a married couple making $100,000 would pay 17% of the remaining $50,000, for an effective rate of 8.5%
a married couple making $70,000 would pay 17% of the remaining $20,000, for an effective rate of 4.86%
a married couple making $200,000 would pay 17% of the remaining $150,000, for an effective rate of 12.8%
income is income, doesn't matter how it is made it is taxed the same
Posted on 9/28/17 at 9:44 am to buckeye_vol
quote:
buckeye_vol
did ThinePreparedAni teach you this stuff?
Posted on 9/28/17 at 9:47 am to 90proofprofessional
This post was edited on 9/28/17 at 9:48 am
Posted on 9/28/17 at 9:48 am to Iosh
On a actual serious note about this tax plan.
Isn't one of the main goals to simplify the tax code, which is one if the reasons they are proposing fewer brackets? Maybe I'm alone in this, but given all of the complexities of the tax code, the brackets themsleves are pretty simple so going from 7 to 3 only makes a simple thing a little bit simpler.
Isn't one of the main goals to simplify the tax code, which is one if the reasons they are proposing fewer brackets? Maybe I'm alone in this, but given all of the complexities of the tax code, the brackets themsleves are pretty simple so going from 7 to 3 only makes a simple thing a little bit simpler.
Posted on 9/28/17 at 9:49 am to Iosh
But what does Trad Zcholtsky think of the plan?
Posted on 9/28/17 at 9:52 am to 90proofprofessional
quote:
taco trucks manned by immigrants
Legal ones?
Posted on 9/28/17 at 9:55 am to buckeye_vol
one rare bit of agreement btwn myself & IowaGolfer is on the fact that the real complexity in our tax code is driven by the myriad of shite you have to account for to determine your taxable income
once you have navigated all that, the number of brackets don't contribute shite to the overall complexity
once you have navigated all that, the number of brackets don't contribute shite to the overall complexity
Posted on 9/28/17 at 9:56 am to roadGator
quote:
Legal ones?
question neither answered nor asked
the only requirement is "good ones"
Posted on 9/28/17 at 9:58 am to 90proofprofessional
quote:I'm not in his level of understanding in my wokeness yet. I learned it from GoldenNugget. I'm just anxiously waiting for my guru's Clayton Kershaw prediction to come to fruition.
did ThinePreparedAni teach you this stuff?
Looks like Kershaw is going the way of Prior/Lincecum after all
Even though Cershaw has gone 44-8 with an ERA of 1.77 since his thread, I am confident the guru's prediction is going to he proven accurate, just like all of his false flag arguments have been.
Posted on 9/28/17 at 9:58 am to 90proofprofessional
Posted on 9/28/17 at 10:01 am to buckeye_vol
Posted on 9/28/17 at 10:02 am to Iosh
oh that's a good one
"just like abuela"
"just like abuela"
Posted on 9/28/17 at 10:03 am to dantes69
quote:
flat tax of 17% with a $25,000 deduction for single $50,000 for joint filing.NO OTHER DEDUCTIONS.
a married couple making $100,000 would pay 17% of the remaining $50,000, for an effective rate of 8.5%
a married couple making $70,000 would pay 17% of the remaining $20,000, for an effective rate of 4.86%
a married couple making $200,000 would pay 17% of the remaining $150,000, for an effective rate of 12.8%
income is income, doesn't matter how it is made it is taxed the same
SIGN ME UP
Edit: Can we get rid of FICA too? I am not going to see any of it!
This post was edited on 9/28/17 at 10:08 am
Posted on 9/28/17 at 10:04 am to 90proofprofessional
quote:Yeah. That's exactly how I feel. Once I know the final figure, all it takes is a few seconds to look at a tax table, which already provides the taxes owed up until the final bracket. Then I just take a couple more seconds to calculate the final amount in that bracket and added it to the rent and viola. I would still have to do that with 3 brackets, or even 2. Besides, the software already does it and there a myriad of websites that do it too.
one rare bit of agreement btwn myself & IowaGolfer is on the fact that the real complexity in our tax code is driven by the myriad of shite you have to account for to determine your taxable income
once you have navigated all that, the number of brackets don't contribute shite to the overall complexity
So is this just meant to make it seem like it's making it simpler to say they made it simpler, like typical political deception, or is there another practical reason altogether for it?
Posted on 9/28/17 at 10:04 am to Iosh
Haha that is shockingly accurate amigo!
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