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I bet most Americans do not notice the new tax code

Posted on 12/15/17 at 9:53 pm
Posted by iamAG
Member since Aug 2015
3517 posts
Posted on 12/15/17 at 9:53 pm
I can see it now. “Yo bro my check is the same amount as last year. Yo President didn’t save me any money with the new tax code.”

Yet they fail to realize that health insurance doubled and the only reason their check isn’t much less is because of the tax plan. It’s sad they I honestly believe many conversations similar to this will take place all over this great nation.
Posted by CelticDog
Member since Apr 2015
42867 posts
Posted on 12/15/17 at 10:09 pm to
Maybe They'll notice when trump has to cut medicare and social security to make up for giving the rich a tax break.
Posted by BBONDS25
Member since Mar 2008
47835 posts
Posted on 12/15/17 at 10:11 pm to
quote:

giving the rich a tax break.


Estate tax? Or something else you are referring to? Let's get specific, Otto. And let's see how much of a break it is.

Edit: I'll go through the calculations now since you won't reply. Roughly 32,000 families are worth over 11 million in the US. If all of them are worth 22 million (which they aren't. The vast majority are worth between 11 and 22). But let's say all of them are worth 22. That means "revenue" lost is 4.4 million times 32,000 or roughly 134.5 billion.

Now. The vast majority of families will be worth closer to 11 than 22. But let's cut it right down that middle. You're welcome. So 68.25 billion if they all die. Now let's assume half of them die in the next 10 years (again you are welcome)...34.125 billion "lost" because of estate tax. Yet the estimates are the total tax will save Americans over a trillion. Is the 34 billion more than a de minimis amount?


So I ask again. When discussing tax cuts for the rich. I hope you have more than the estate tax in mind.
This post was edited on 12/15/17 at 10:30 pm
Posted by SoulGlo
Shinin' Through
Member since Dec 2011
17248 posts
Posted on 12/15/17 at 10:12 pm to
They'd notice if they had to pay taxes qquarterly
Posted by Pelican fan99
Lafayette, Louisiana
Member since Jun 2013
34589 posts
Posted on 12/15/17 at 10:13 pm to
quote:

Maybe They'll notice when trump has to cut medicare and social security to make up for giving the rich a tax break.
As he should. Before they bankrupt this country
Posted by GeauxxxTigers23
TeamBunt General Manager
Member since Apr 2013
62514 posts
Posted on 12/15/17 at 10:13 pm to
quote:

when trump has to cut medicare and social security to make up for giving the rich a tax break.

Is there really a chance this happens? Because that would be fricking amazing.
Posted by Gray Tiger
Prairieville, LA
Member since Jan 2004
36512 posts
Posted on 12/15/17 at 10:18 pm to
quote:

Maybe They'll notice when trump has to cut medicare and social security to make up for giving the rich a tax break.



And all the senior citizens are so poor that they have to eat dog food?

If you are going to mindlessly parrot tired old liberal scares, don't forget some of the classics.
Posted by OleWarSkuleAlum
Huntsville, AL
Member since Dec 2013
10293 posts
Posted on 12/15/17 at 10:19 pm to
quote:

Is there really a chance this happens? Because that would be fricking amazing.


Marco is already on the record saying that’s the first thing he’s going after once tax reform is complete.
Posted by SLafourche07
Member since Feb 2008
9928 posts
Posted on 12/15/17 at 10:23 pm to
How great would it be if we had the option to opt out and have 15.3% put into individual accounts?
Posted by airfernando
Member since Oct 2015
15248 posts
Posted on 12/15/17 at 11:27 pm to
quote:

They'll notice when trump has to cut medicare and social security to make up for giving the rich a tax break.
Well, brilliant liberal, Trump doesn't make law. If you liberals are so smart, why do you not understand which branch makes law?
Posted by heatom2
At the plant, baw.
Member since Nov 2010
12809 posts
Posted on 12/15/17 at 11:54 pm to
quote:

Yet they fail to realize that health insurance doubled


You think people don't realize when their insurance premiums go up?
Posted by LSUconvert
Hattiesburg, MS
Member since Aug 2007
6229 posts
Posted on 12/15/17 at 11:59 pm to
quote:

Now. The vast majority of families will be worth closer to 11 than 22. But let's cut it right down that middle. You're welcome. So 68.25 billion if they all die. Now let's assume half of them die in the next 10 years (again you are welcome)...34.125 billion "lost" because of estate tax. Yet the estimates are the total tax will save Americans over a trillion. Is the 34 billion more than a de minimis amount?


So I ask again. When discussing tax cuts for the rich. I hope you have more than the estate tax in mind.


You're being intellectually dishonest and you know it.
Posted by BBONDS25
Member since Mar 2008
47835 posts
Posted on 12/16/17 at 12:12 am to
quote:

You're being intellectually dishonest and you know it.


Do tell.
Posted by Bison
Truth or Consequences
Member since Dec 2016
1235 posts
Posted on 12/16/17 at 12:34 am to
Many Americans may not notice but the economy will
This post was edited on 12/16/17 at 12:41 am
Posted by RedStickBR
Member since Sep 2009
14577 posts
Posted on 12/16/17 at 12:36 am to
Did Marco say that? I know Paul Ryan said he wants to rightsize SS, Medicare and Medicaid.
Posted by Tigerdev
Member since Feb 2013
12287 posts
Posted on 12/16/17 at 12:47 am to
quote:

I bet most Americans do not notice the new tax code

No doubt
Posted by ChexMix
Taste the Deliciousness
Member since Apr 2014
24730 posts
Posted on 12/16/17 at 2:31 am to
quote:

You're being intellectually dishonest and you know it.

and yet you provide not basis for your statement. No explanation. Nothing.

Its as if you have a limited knowledge of the subject and just wish to be a contrarian
Posted by Loserman
Member since Sep 2007
21855 posts
Posted on 12/16/17 at 2:42 am to
quote:

Maybe They'll notice when trump has to cut medicare and social security to make up for giving the rich a tax break


If only those damn rich people would leave this country, then it would be a utopia for people like you
This post was edited on 12/16/17 at 2:50 am
Posted by Loserman
Member since Sep 2007
21855 posts
Posted on 12/16/17 at 2:43 am to
over 40% of Americans don't pay any income tax.
Posted by gthog61
Irving, TX
Member since Nov 2009
71001 posts
Posted on 12/16/17 at 2:44 am to
Dream on you fricking morons

Take home pay will be more starting in January.

The economy growing 4% will be noticed by everyone.
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