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originally posted by: Edumakated
I agree with you in terms of what people should be doing financially, but that is not necessarily reality.
Unfortunately, for whatever reason, there is a large population of people who need that extra 50 a month no matter how insignificant it may seem to you and I.
originally posted by: shooterbrody
Nice
So now poor people cant have kids as well?
That is some world you live in.
originally posted by: shooterbrody
Had you stated this earlier, this discussion would have been vastly different.
originally posted by: Wardaddy454
And yes I own a side business. And in that business, everything I use is made in Chinese factories. I have no choice in my sector. But if i had the choice..
originally posted by: ketsuko
If all it took to fund infrastructure was the money we've been taxed for the last 8 years plus any extra that was also cut, then why on earth weren't they funding freakin' infrastructure with it already?
Can anyone answer that because none of that infrastructure was being funded and all that money was going to other things.
So does anyone in favor of this really, really think that this time, this one time it will actually be spent on infrastructure if you let them pick your pocket for it?
... because I don't.
originally posted by: Wardaddy454
Short term it will be expensive until we get manufacturing back up to meet demand.
And yes I own a side business. And in that business, everything I use is made in Chinese factories. I have no choice in my sector. But if i had the choice..
Trump is going to kill the fed. The fed is dead.
originally posted by: ketsuko
a reply to: Aazadan
If the states are supposed to do it, then the Democrat plan should be a non-starter and what Obama did was illegitimate.
There is no winning on this.
If infrastructure is a function of the fed, then you can't escape the fact that restoring the higher tax rates to pay for it is only begging the question as to why that money wasn't being used for it previously.
If infrastructure is *not* a function of the fed, then there is no reason to hike taxes to do something the fed is not empowered to do.
And if states aren't handling their budgets properly, then they should fail accordingly until they get it right.
originally posted by: ketsuko
a reply to: Aazadan
If the states are supposed to do it, then the Democrat plan should be a non-starter and what Obama did was illegitimate.
There is no winning on this.
If infrastructure is a function of the fed, then you can't escape the fact that restoring the higher tax rates to pay for it is only begging the question as to why that money wasn't being used for it previously.
If infrastructure is *not* a function of the fed, then there is no reason to hike taxes to do something the fed is not empowered to do.
And if states aren't handling their budgets properly, then they should fail accordingly until they get it right.
originally posted by: bulwarkz
Only one reason!!!
Manufacturing is coming back. 800,000 new workers who had previously dropped out of the labor market just reentered last month alone.
America is going back to work! Why?
What is the ONLY reason it can happen like this?
The 1.5 trillion is already in the US treasury appointed as money to rebuild USA infrastructure and is the hidden power behind all of Trumps current trade talks.
For the first time in a long time... America first Mutha luvas
Good news then. You don't have to worry about getting an additional $11/week the government has deemed you unworthy of getting that big a tax break.
If your household isn't even making $60,000 you are not paying an effective 47% tax rate.
Most people have been going backwards. There's several reasons for this, as I mentioned in my previous post I think that CPI is the biggest factor but there's also other reasons too such as individuals choosing to not update their job skills, move into better job sectors, and receive proper educations.
Wage stagnation is the biggest drain on the economy currently but talking about it tends to get shut down in bickering. The truth is, we could change the standard deduction to $60,000/year and let half the people in the US essentially dodge taxes and it wouldn't hurt anything because the $60k and under crowd despite making up 50% of the population only owns 2% of the wealth. They simply don't have any assets worth taxing.
If we want to fix this we need to start shrinking wealth inequality, but any time actions are taken to even look at that, there's cries of government interference in the free market. Taxes aren't taking your money, taking a 7% pay cut every year is however... 3.5% in inflation, 3.5% in the opportunity cost of lost raises.
originally posted by: SaturnFX
originally posted by: Wardaddy454
Short term it will be expensive until we get manufacturing back up to meet demand.
And yes I own a side business. And in that business, everything I use is made in Chinese factories. I have no choice in my sector. But if i had the choice..
It won't be expensive, because nothing will change. The tariff is symbolic. Again, this is specifically for aluminum and steel as raw resources...and again, draw a smiley face on it and it no longer is raw resource..its art. There are loopholes you can fly a 747 through...but people are gullible enough to think this will have some effect.
We are no longer a manufacturing nation. We are a consumer nation...time we face reality and work within those parameters as our specialty. Consumers do run the world, so there isn't even a real need to try to pretend we can get manufacturing jobs back. Those jobs will all be done by robots in 30 years anyhow regardless of what nation they are in.
originally posted by: Aazadan
originally posted by: Wardaddy454
And yes I own a side business. And in that business, everything I use is made in Chinese factories. I have no choice in my sector. But if i had the choice..
Remember, competition doesn't exist to create winners... it exists to create losers. There can be only one winner.
Most people working in factories are dirty, low education, no skilled drones...
The Supreme Court did not rule that all income taxes were direct taxes. Instead, the Court held that although generally income taxes are indirect taxes (excises) authorized by the United States Constitution in Article 1, Section 8, Clause 1, taxes on interest, dividends and rents in the 1894 Act had a profound effect on the underlying assets. The Court ruled that the tax on dividends, interest and rent should be viewed as a direct tax, as they fell on the property itself, rather than as an indirect tax. Direct taxes were required to follow the rule of apportionment found in Article 1, Section 2, Clause 3.
Three years after ratification of the Sixteenth Amendment, the United States Supreme Court rendered its decision in the case of Brushaber v. Union Pacific Railroad. In Brushaber, the Court reviewed the history of the dichotomy between excises (indirect taxes) and direct taxes. The Brushaber Court noted that the 1913 Income Tax Act was written as an indirect tax and did not violate the rule of uniformity and so it was not written as a direct tax and thus was not subject to the rule of apportionment. The Court summarized what it had decided in Pollock and then went on to state the effect of the Sixteenth Amendment with respect to income taxes:
[T]he command of the amendment that all income taxes shall not be subject to the rule of apportionment by a consideration of the source from which the taxed income may be derived forbids the application to such taxes of the rule applied in the Pollock case by which alone such taxes were removed from the great class of excises, duties, and imposts subject to the rule of uniformity and were placed under the other or direct class.[13]
The Sixteenth Amendment removed the requirement for those income taxes deemed to be direct in substance (such as taxes on income from property) to be apportioned among the states according to population. Thus, the effect of the Pollock decision has indeed been overturned by the Sixteenth Amendment.[11][14][15][16][17]
The Court in Brushaber also noted that before Pollock, taxes on income from professions, trades, employments, or vocations were excises. They were indirect in both form and substance and therefore had never been apportioned and so they were entitled to be so enforced afterwards.[18]
By contrast, with respect to taxes on income from property, the Pollock decision had disregarded form and considered substance alone. Justice White's decision in Brushaber shows how the Sixteenth Amendment was written to prevent consideration of the direct effects of any income tax laid by Congress.
Finally, the Progressive movement that implemented this is VERY important to where we are as a country today.
originally posted by: Wardaddy454
The consumer.
originally posted by: matafuchs
a reply to: Aazadan
Most people working in factories are dirty, low education, no skilled drones...
Really? Those are the people who will benefit from a tax break but since you think they are # on your shoe I guess it does not matter. Be careful no one causes an OSHA incident on your plant visit by 'accident'.