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re: The only time in my lifetime that my taxes went up was under Trump

Posted on 8/9/24 at 6:01 pm to
Posted by Warboo
Enterprise Alabama
Member since Sep 2018
5644 posts
Posted on 8/9/24 at 6:01 pm to
I swear chicken must be paying retards to have auburn avatars and post the dumbest crap possible. I wish there was a “block team affiliation “ button. This mfer is making us look like a monkey fuking a foot ball. We have been doing that without dumbasses also making us look like that on the pt. I mean established dumb arses like Leto do enough damage. Please stop the insanity.
This post was edited on 8/9/24 at 6:06 pm
Posted by Jake88
Member since Apr 2005
78174 posts
Posted on 8/9/24 at 6:04 pm to
quote:

Everybody claims they're going to cut taxes for everyone, and reduce the debt. And not cut the military
They could cut handouts, drastically. The fraud on SSD/SSI and SNAP is rampant. There are other enabling programs that are designed to keep people sated and unwilling to risk trying for better...Section 8, Obama care. Cradle to grave is the goal.
Posted by Boudreauboudreaugoly
Land of the Rice n Son
Member since Oct 2017
2705 posts
Posted on 8/9/24 at 6:04 pm to
quote:

Warrior Count


Checks out.
Posted by Themicah86
Member since Jun 2023
2647 posts
Posted on 8/9/24 at 6:05 pm to
Are you currently wealthy? I'm middle of the road and I was doing the best I've ever done under trump. I bought a 300k house in 2019, refinanced when the interest rate dropped. My house payment with property taxes and it's inflated value would only be about 60% of the cost to buy that same house with today's interest rate . It would be a 4k monthly note.
Posted by tigeraddict
Baton Rouge
Member since Mar 2007
14429 posts
Posted on 8/9/24 at 6:05 pm to
quote:

The only time in my lifetime that my taxes went up was under Trump


The only way this could happen is if you lived in a deep blue state and were capped at how much local and state taxes you could write off

Why should us red state tax payers subsidize your high local property taxes and state taxes….

Posted by Hateradedrink
Member since May 2023
4045 posts
Posted on 8/9/24 at 6:06 pm to
Cutting handouts wouldn’t do much. May actually hurt.

50% of our income tax revenue goes to interest payments to debt. We could cut spending to 0 tomorrow and still only keep 50% of revenue.

The only way out of this without sending our economy to 1826 would be to inflate the debt away and replace high interest debt with lower interest debt.


This is actually Trumps plan. It could work. I just think it’s funny people think he is the “cut spending and return to gold standard RON PAUL” candidate. He isn’t.
Posted by SouthlakeTiger
Southlake, Texas
Member since Mar 2005
6626 posts
Posted on 8/9/24 at 6:06 pm to
quote:

Warrior Court


Make more money you bum.
Posted by Prometheus
Member since May 2012
6388 posts
Posted on 8/9/24 at 6:08 pm to
quote:

I swear chicken must be paying retards to have auburn avatars and post the dumbest crap possible. I wish there was a “block team affiliation “ button. This mfer is making us look like a monkey fuking a foot ball. We have been doing that without dumbasses also making us look like that on the pt. I mean established dumb arses like Leto do enough damage. Please stop the insanity.


Preach my brother...
Posted by Jake88
Member since Apr 2005
78174 posts
Posted on 8/9/24 at 6:12 pm to
quote:

Cutting handouts wouldn’t do much. May actually hurt


quote:

The United States’ welfare budget totaled $1.101 trillion in fiscal year 2023, or 18% of all federal outlays. Eight different federal agencies run welfare. 

That doesn't include Social Security disability
Posted by Warrior Court
Atlanta
Member since Apr 2022
3711 posts
Posted on 8/9/24 at 6:15 pm to
Government policy in recent decades has lifted many out of poverty and provided large tax cuts to the rich. The middle class has lost out. Tax cuts dressed up as help for the middle class should be labelled for what they are: welfare for the wealthy.
Posted by Hateradedrink
Member since May 2023
4045 posts
Posted on 8/9/24 at 6:16 pm to
Right. Cutting it 5% won’t suddenly save the economy.

Interest payments are almost 1 trillion a year and growing.
Posted by Fat Bastard
2024 NFL pick'em champion
Member since Mar 2009
89303 posts
Posted on 8/9/24 at 6:16 pm to
quote:

Warrior Court


lying POS. trump gave cuts to all. trump gave me the biggest tax cuts in my lifetime.

my taxes went up with democrats like clinton and obama. got cuts with bush but not like with trump. biggest cut under trump.

go peddle that BS elsewhere loser
Posted by the808bass
The Lou
Member since Oct 2012
125556 posts
Posted on 8/9/24 at 6:17 pm to
quote:

There is nothing left to cut for low/middle income workers.


Correct. The top 50% of earners pay 97.7% of the Federal income tax burden.
Posted by Warrior Court
Atlanta
Member since Apr 2022
3711 posts
Posted on 8/9/24 at 6:19 pm to
Extending the 2017 tax cuts that expire next year will cost roughly $5 trillion over 10 years, but, even with that hefty price tag, making the law permanent will still leave millions of U.S. households with bigger tax bills.

That’s according to a new analysis from the Tax Policy Center, which estimated that extending the Tax Cuts and Jobs Act would leave 13% of middle-income households with higher taxes than they would have if provisions expire as scheduled.

That’s because the 2017 tax-code revamp doubled the child tax credit to $2,000 and increased the standard deduction but eliminated or reduced personal exemptions and several other deductions that many middle-class households had relied on.

The analysis shows that the vast majority of the $5 trillion in tax cuts would go to households earning more than $450,000 and shift the overall burden of funding the U.S. government to middle- and lower-income Americans.
Posted by Prometheus
Member since May 2012
6388 posts
Posted on 8/9/24 at 6:20 pm to
Yep

Also, my 401k doubled in Trumps fours years and I'm sitting right about where I was when he left after riding the biden up and down wave.
This post was edited on 8/9/24 at 6:27 pm
Posted by TDTOM
Member since Jan 2021
24808 posts
Posted on 8/9/24 at 6:20 pm to
Warrior count doesn't pay taxes.
Posted by DMAN1968
Member since Apr 2019
12623 posts
Posted on 8/9/24 at 6:22 pm to
quote:

But they barely affect the bottom 60 percent of earners

That's low income bud. They get other benefits that the true middle class doesn't get to compensate...factor that shite in.
Posted by Crimson1st
Birmingham, AL
Member since Nov 2010
20826 posts
Posted on 8/9/24 at 6:22 pm to
quote:

The only time in my lifetime that my taxes went up was under Trump


So even if this IS true, which I doubt, that’s all that matters? frick everything else right? Your money isn’t going to be worth shite if our nation gets screwed with all the other stuff Kamala would do, including hyper-inflation. That’s a damned tax too ya know!
Posted by the808bass
The Lou
Member since Oct 2012
125556 posts
Posted on 8/9/24 at 6:22 pm to
quote:

Extending the 2017 tax cuts that expire next year will cost roughly $5 trillion over 10 years


Yeah. frick your numbers.

The budget for the National Endowment for the arts over the next 10 years is $2 trillion (at a static rate).

That should be billions.
This post was edited on 8/9/24 at 6:24 pm
Posted by Willie Stroker
Member since Sep 2008
15726 posts
Posted on 8/9/24 at 6:24 pm to
quote:

The only time in my lifetime that my taxes went up was under Trumpby Warrior Court

I noticed you failed to cite that change to tax law that led to an increase in the amount of taxes you paid.

Until you explain this, it’s easy to see you are full of shite.
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