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Posted on 9/27/17 at 11:43 am to Iosh
You expect them to comprehend that their Tax Religion is built on a lie?
Posted on 9/27/17 at 11:47 am to Iowa Golfer
quote:
Single persons continue to get screwed.
Agreed. Although I'm curious why you omitted childless couples? We get screwed as well.
Posted on 9/27/17 at 11:47 am to TBoy
quote:
Putting $1,000 in my pocket is not sufficient justification for putting debt borrowing and spending into hyper drive.
But if spending is going to hyper drive regardless, don't you want that $1000?
Posted on 9/27/17 at 11:49 am to Ace Midnight
quote:
But if spending is going to hyper drive regardless, don't you want that $1000?
Those beltway mansions aren't going to build themselves
Posted on 9/27/17 at 11:50 am to GFaceKillah
quote:The question is moot! Republicans aren’t going to pass isht.
Honest question: Would you support these tax cuts knowing that they will increase the federal deficit?
Posted on 9/27/17 at 11:50 am to Tigerdev
a lie?
There is no consensus that taxes always raise revenue nor that they always lower revenues
There are examples of states and nations raising taxes and seeing a decline/no change in revenue
There are examples of states and nations lowering rates and seeing steep declines in receipts
There are examples of nations and states lowering rates and seeing increases in receipts
North Carolina lowered rates a few years ago and us since seen more receipts and now a decent budget surplus
Kansas lowered rates and saw a steep decline in receipts
Connecticut raised rates and saw receipts plunge and now big deficit
Minnesota raised rates and saw an increase in receipts
There is no consensus that taxes always raise revenue nor that they always lower revenues
There are examples of states and nations raising taxes and seeing a decline/no change in revenue
There are examples of states and nations lowering rates and seeing steep declines in receipts
There are examples of nations and states lowering rates and seeing increases in receipts
North Carolina lowered rates a few years ago and us since seen more receipts and now a decent budget surplus
Kansas lowered rates and saw a steep decline in receipts
Connecticut raised rates and saw receipts plunge and now big deficit
Minnesota raised rates and saw an increase in receipts
Posted on 9/27/17 at 11:51 am to GFaceKillah
Great so I'll be hit with a 7% increase, not 5%
Posted on 9/27/17 at 11:51 am to GFaceKillah
quote:
* allow more people to qualify for the child tax credit
My wife and I don't want kids so I firmly believe this should be eliminated.
quote:
* preserves mortgage and charitable deductions, but promises to gut many others
I want to know a lot more about what they are gutting. Since I already get screwed on the child deductions, if they take away the deductions that I do get then I will get double screwed.
Posted on 9/27/17 at 11:53 am to HailHailtoMichigan!
quote:
90proof, you spent months on here 4 years ago arguing in favor of Romney's tax plan
i don't remember that, but i don't really doubt it either
to be honest, i bought into Paul Ryan's presence on the ticket as an endorsement of Roadmap-style long-term spending reform being part of the Romney package
although i took issue with claims that there is 0 impact on GDP growth from structural tax changes, i don't believe that i ever bought into the "tax cuts pay for themselves through faster growth" theory. spending reductions were always going to be needed
Posted on 9/27/17 at 11:53 am to Jeff Boomhauer
d.
Thats rich. You don't want kids so you want the deduction taken from those who do?
quote:
My wife and I don't want kids so I firmly believe this should be eliminated.
Thats rich. You don't want kids so you want the deduction taken from those who do?
Posted on 9/27/17 at 11:53 am to Taxing Authority
quote:
The question is moot! Republicans aren’t going to pass isht.
This is where I'm at right now, too.
The best thing that comes out of this is that, hopefully, both main parties implode (one on the altar of their identity politics and increasingly "anti-American" stance and the other on that, "We run saying one thing, but do the exact opposite" credibility gap.) That will be good for a few laughs.
Posted on 9/27/17 at 11:54 am to 90proofprofessional
Lowering public spending by a dollar in order to get a dollar increase in private spending is net 0 for economy
Posted on 9/27/17 at 11:55 am to HailHailtoMichigan!
quote:Taxes I like (relatively):
Iosh, what are your ideological views on taxes? What do you think is a fair rate for ilhighest earners?
Pigouvian taxes
Property taxes
Estate taxes
Sales/VAT
Taxes I (especially) don't like:
Payroll taxes
Corporate taxes
Capital gains taxes
Tariffs
Plus the usual paeans to fewer deductions. Income tax isn't the best but we're kind of stuck with it structurally so I didn't put it in either category.
"Fairness" isn't really a consideration for me here, there's no magical numeric threshold of justice that turns the social contract into unconscionable theft. A 50% rate would be fine with me in theory if it came with massive cuts to the stuff in my dislike list. In general I think taxes should be high enough to pay for what government does. I'm not offended by progressive taxation but would prefer a flat tax iff it came with a muscular EITC credited monthly as a foundation for a future NIT/UBI.
This post was edited on 9/27/17 at 11:57 am
Posted on 9/27/17 at 11:57 am to HailHailtoMichigan!
It doesn't take much looking to unravel claims of boosting revenue correlating to tax cuts. North Carolina for example was experiencing economic growth at that time that was in proportion to national trends at that time...During 2016, 90000 jobs were added in NC (in line with national job gains)...90000 jobs will increase tax revenue. But they were in line with the national average and had little to do with local tax policy...
Posted on 9/27/17 at 11:57 am to HailHailtoMichigan!
pretty sure we've been over this. you have to make some strong assumptions about the (economic) efficiency of both types of spending to conclude that. you also have to assume that the dollar of private spending would have in fact been spending, and not something else like investment
Posted on 9/27/17 at 12:00 pm to GFaceKillah
Show the fricking brackets already. Enough with the salesman shite.
Posted on 9/27/17 at 12:00 pm to 90proofprofessional
Apparently Drudge has the redass over this tax plan and I'm not sure why
Posted on 9/27/17 at 12:02 pm to Iosh
even if I can't see how they are raising taxes...But not enough info yet.
Posted on 9/27/17 at 12:04 pm to Tigerdev
I think drudge is melting over the surcharge on the wealthiest income earners
And maybe the lowest income rate increasing from 10 to 12%
And maybe the lowest income rate increasing from 10 to 12%
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