It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Thank you.
Some features of ATS will be disabled while you continue to use an ad-blocker.
originally posted by: FamCore
a reply to: ketsuko
this has nothing to do with the MSM or how they reported it. Just because on face value some are saying "they are closing loopholes", doesn't mean they aren't also at the same time (and intentionally) also creating other loopholes or "technical opportunities" for them to urther exploit the tax system.
Trump and the WH can claim whatever they want, until there is an actual bill or law, we won't have any clue about how this tax plan will actually work. Yet you believe from your sources that their unsubstantiated claims are as good as gold and don't need to know the details since you "trust that this is a good plan". Yeah ok, good luck with that.
until there is an actual bill or law, we won't have any clue about how this tax plan will actually work.
"until we see the plan, we don't know"
originally posted by: burdman30ott6
a reply to: Byrd
1. Yeah, I'm sure it will save me money. Unless the 35% threshold is sub $100k (which it certainly won't be), I'll make out a hell of a lot better than I am now. Remember, I don't live in a state with income tax.
2, It's cute that anyone is willing to throw the VA disasterpiece onto the current administration. The VA wouldn't have been impacted by the hiring freeze if it had been properly staffed and funded for the past 8-12 years... it wasn't and, as a result, it is in tatters. The culling of government I'm talking about is in the HLS, health, regulatory, welfare, and social program venues (yes, including the Department of Education). I'm cool with us maintaining massive defense budgets, and the VA is part of that important spending.
originally posted by: BlueAjah
a reply to: Phage
Went down a bit in the last hour.
The market does not like change, and any kind of significant change can cause a downturn.
After the changes sink in and investors have a chance to analyze - then we will see what happens.
It is too soon today to jump to conclusions.
originally posted by: Phage
Wall Street doesn't seem to like the outline.
www.nasdaq.com...
originally posted by: MOMof3
a reply to: xuenchen
I don't own a business. What I have is a disabled husband with a disease. We have a lot of medications, medical procedures, and doctor visits out of our pocket. And state and property taxes. And still paying loans for education for three kids. I was hoping to get a supplement to medicare but not if my taxes go up. All our wealth is in our home. Taking away the deduction for property taxes, I believe, will hurt the sales value of homes.
originally posted by: BubbaJoe
The banksters will like it because it protects their wealth. You do realize this "death tax" has a 5 mil exemption, so unless someone's estate was over 5 mil, they paid no "Death tax"
originally posted by: BubbaJoe
Not to mention Trump's 24% tariff on Canadian softwood lumber, they are saying this alone will remove the ability of many to buy homes. Go Trump, screw the middle class.
That $5 Mil catches most small business owners.
The Tax Policy Center estimates that the estate executors for only 11,000 people who die in 2017 will end up having to file for the estate tax and that only 5,200 of them will end up having to pay anything.
originally posted by: burdman30ott6
originally posted by: BubbaJoe
The banksters will like it because it protects their wealth. You do realize this "death tax" has a 5 mil exemption, so unless someone's estate was over 5 mil, they paid no "Death tax"
That $5 Mil catches most small business owners. On a related note, why should death be taxed ever? If a man made the money, and already paid taxes on the money, what manner of sour grapes is it for Uncle Sam to shove one of his filthy paws into that man's pockets after he's breathed his last?
originally posted by: burdman30ott6
originally posted by: BubbaJoe
Not to mention Trump's 24% tariff on Canadian softwood lumber, they are saying this alone will remove the ability of many to buy homes. Go Trump, screw the middle class.
...the beauty of the free market will manifest itself on this in due time, allowing America's timber industry to operate as it should with fewer choking restrictions and less federal legislation. Homes will be built with American lumber, as they should have been all along.