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Senate passes tax reform bill

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posted on Dec, 3 2017 @ 05:46 PM
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originally posted by: TheRedneck
Maybe if something else goes down... like TAXES.


Taxes don't impact take home pay. If taxes go down and people have more money, the cost of goods will increase. It doesn't result in additional purchasing power.




posted on Dec, 3 2017 @ 05:47 PM
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originally posted by: TheRedneck
Exactly. You plan to do nothing about it. Except complain.


No, I plan to either get involved in getting the law changed, or go elsewhere. We'll see which one happens.



posted on Dec, 3 2017 @ 05:50 PM
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originally posted by: Aazadan

originally posted by: face23785
Can you do everything you want to do in retirement on that kind of money? Probably not.


Then why settle for less and do it?


You may not have to settle for it. But society doesn't owe you a guarantee that you'll be able to do everything you want. Time to grow up.



posted on Dec, 3 2017 @ 05:55 PM
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a reply to: Aazadan


Taxes don't impact take home pay.

A-B-C=D

Reduce B and D increases.

Engineer my hiney...


I plan to either get involved in getting the law changed, or go elsewhere.

Either talk about it or run away.

TheRedneck



posted on Dec, 3 2017 @ 06:05 PM
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originally posted by: TheRedneck
Most people will never SEE a million dollars, cumulative, in their lifetime.


Yes they will. $1 million is not much money, and it gets to be less and less every single day. Even people working minimum wage their entire lives will pass through $1 million.


You don't get it both ways... poor little rich guy on government assistance, surviving on Ramen Noodles and Vienna sausage to hear you tell it, desperately trying to make ends meet on the meager $60 an hour wage from five college degrees, and now you are a philanthropist?

Something smells rotten about your whole story, and it ain't the cheese.


I'm not rich, I'm just starting out and I'm getting an entry level wage for the work I do, it's a relatively good wage compared to flipping burgers but it's still on the lower end of entry level for software development, Google for reference starts juniors at an average of about $160k/year with more perks. I'm also no longer on assistance, I was until a couple months ago though. Up until 6 months ago I had spent the previous 15 years on $750 or less per month. I've had times where I had to ration a couple packs of ramen to last weeks. No sausage for me, I could barely afford meat.

Until getting my internship this was my budget
Income - 750
Rent (utilities included) - 450
Gas - 50
Internet - 50
Food+misc expenses - 200

Zero savings. Partially because I had no money to obtain them, and partially because assistance is means tested and requires you to have zero assets, so saving would only hurt me.

I'm glad my budget isn't quite so tight anymore.

And yes, I still paid taxes, not much, but with so little money even a small amount was a lot.

This year, since I'm doing a lot of part time work (hence giving my salary in hours rather than annual) I'll be paying more. I still have x2 being withheld though so that I can pay double. That's not philanthropy, that's just being a responsible citizen.

TheRedneck



posted on Dec, 3 2017 @ 06:18 PM
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a reply to: Aazadan


Even people working minimum wage their entire lives will pass through $1 million.

$7.25 per hour at 40 hours/week = $290 per week
$290 per week at 52 weeks per year = $15,080 per year
Assume a starting position at age 18 and retirement at 65, that's 47 years.
$15,080 per year for 47 years is $708,760 gross
$708,760 is less than $1,000,000

Most people are well older than 18 now, which means that at at an earlier time in their life, minimum wage was less.

If you have anything that states you are any kind of engineer, you need a refund.

Your inability to do the simplest calculations despite your claim of technological adeptness means the rest of your post is poppycock.

TheRedneck



posted on Dec, 3 2017 @ 06:21 PM
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You're 35 and just starting out? You should be ashamed. I'm tired of supporting your a$$....get off the tit and get productive. You've milked the system long enough.


edit on 3-12-2017 by queenofswords because: (no reason given)



posted on Dec, 3 2017 @ 07:11 PM
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a reply to: TheRedneck

You're assuming ones income stops at retirement. You're also failing to take into consideration additional bumps to the minimum wage over time.



posted on Dec, 3 2017 @ 07:13 PM
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originally posted by: queenofswords
You're 35 and just starting out? You should be ashamed. I'm tired of supporting your a$$....get off the tit and get productive. You've milked the system long enough.



Sorry, education and experience takes time.

21 years programming experience, 10 years unity, 8 years 3d modeling, to start with... how else am I supposed to get those qualifications before getting a job?
edit on 3-12-2017 by Aazadan because: (no reason given)



posted on Dec, 3 2017 @ 07:24 PM
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a reply to: Aazadan

Cry me a river. All the education in the world isn't going to help with what is wrong with you.



posted on Dec, 3 2017 @ 07:26 PM
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a reply to: queenofswords

And what is wrong with me? I graduated at 18, got sick, around 23 I was well enough to either start trying to improve my life, or just sit around all day. Over the next couple years I ramped up to full time studies, then got the basics of an education. I would like to complete it some day (I don't think highly of Bachelors degrees). I suppose we'll see what the future holds. The field I would like a Masters in isn't actually well developed enough to offer good programs yet.

What would you have me do instead, sit around doing nothing other than collect disability and listen to people like you say that I'm lazy and should get less? Instead, I got the tools to do what I want to do in life... it took time, but anything worth doing does. Less than 1% escape and get off through their own merits.
edit on 3-12-2017 by Aazadan because: (no reason given)



posted on Dec, 3 2017 @ 07:30 PM
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a reply to: Aazadan

never mind.
edit on 3-12-2017 by queenofswords because: (no reason given)



posted on Dec, 3 2017 @ 07:36 PM
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originally posted by: Aazadan

originally posted by: TheRedneck
Maybe if something else goes down... like TAXES.


Taxes don't impact take home pay. If taxes go down and people have more money, the cost of goods will increase. It doesn't result in additional purchasing power.


What?
Take home pay would be a LOT more if it weren't for taxes.
After your pay is taxed first, then it won't affect it additionally because it already affected your take home pay.

And your second premise is also wrong.
The cost of goods only increases when supplies are lower or demand is higher or both, plus inflation and other factors.

So in your view nobody needs more of their own money because it won't help them. Wow
(might as well just donate it to liberals in advance)
edit on 3-12-2017 by NoCorruptionAllowed because: (no reason given)



posted on Dec, 3 2017 @ 07:43 PM
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a reply to: NoCorruptionAllowed




So in your view nobody needs more of their own money because it won't help them. Wow (might as well just donate it to liberals in advance)


That's why I am disgusted with his whole "poor poor pitiful me" tirade by this poster.

We, the working taxpayers of this country, have supported him, educated him, fed him, and he's still whining that he needs more. He still thinks We, The Taxpayers, should get him past his 5 bachelor's degrees because, as he put it, he "doesn't think highly of Bachelor's Degrees".

It is time that We, the working taxpayers, the small business owners, and yes, even the corporations get some Tax Relief. People like this poster DISGUST me with their selfish socialist me me me attitude, crying and whining about being poor and they need you to pay more and more taxes because.....their list is endless.

Enough already!



posted on Dec, 3 2017 @ 07:46 PM
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a reply to: NoCorruptionAllowed

It's the same argument as why adding welfare benefits or a minimum wage increase is inflationary. It puts more money in some peoples hands, but with the additional money in the system, prices rise and any additional purchasing power disappears.

In this case, not only are they inflating the system, but adding more expenses you'll have to pay for. It is not a good bill for the bottom half of Americans.

And all of that doesn't even address the last point. Tax revenues are not going to drop, your wages are not going to increase. The government still needs to get it's money... 2 years from now when deficits are high, where do you think they'll be looking?



posted on Dec, 3 2017 @ 07:49 PM
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originally posted by: queenofswords
We, the working taxpayers of this country, have supported him, educated him, fed him, and he's still whining that he needs more. He still thinks We, The Taxpayers, should get him past his 5 bachelor's degrees because, as he put it, he "doesn't think highly of Bachelor's Degrees".


I do, but not necessarily government provided anymore in my case. Plenty of people in my old position need the opportunity I was given though.



posted on Dec, 3 2017 @ 07:51 PM
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a reply to: Aazadan

You don't have a clue about anything. Are you sure that one of those degrees isn't in Bulls#it Baffling?

The bottom don't pay taxes. We want tax relief for the working people, small businesses, and corporations. The rest of you will always be taken care of. Hell!!! You got 5 damn degrees off the taxpayers and got fed and housed while doing it. Give the rest of us producers a break.


edit on 3-12-2017 by queenofswords because: (no reason given)



posted on Dec, 3 2017 @ 07:53 PM
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a reply to: Aazadan

Well, don't we all need opportunities. Your deep insight is underwhelming.

Some of us just find our own and don't rely on our fellow taxpayers for eternity to provide them.



posted on Dec, 3 2017 @ 07:55 PM
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a reply to: queenofswords

And what do you produce?



posted on Dec, 3 2017 @ 07:56 PM
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originally posted by: queenofswords
a reply to: Aazadan

Well, don't we all need opportunities. Your deep insight is underwhelming.

Some of us just find our own and don't rely on our fellow taxpayers for eternity to provide them.




Then why haven't you found one?



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