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Enough Tax Cut Lies

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posted on Apr, 24 2018 @ 06:24 AM
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a reply to: Lab4Us

Wait. A debate?

All I see is a pathetic OP with politicized drivel. Care to expand on said debate, and where can we find it?




posted on Apr, 24 2018 @ 06:45 AM
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a reply to: PublicOpinion


The biggest share doesn't go to the rich, thus it isn't a cut "for them"?


That's not what I said, nor what you said which I rebutted.


Impressive reasoning going on there.


This would be good sarcasm if you had used reason in your previous statement. But you didn't, so it makes you look like a fool.
edit on 24-4-2018 by Dfairlite because: (no reason given)



posted on Apr, 24 2018 @ 06:46 AM
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a reply to: Lab4Us

You don't pay income taxes or corporate taxes on your expenses (labor is an expense).
edit on 24-4-2018 by Dfairlite because: (no reason given)



posted on Apr, 24 2018 @ 06:54 AM
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a reply to: PublicOpinion

Well, there's not really anything to debate. The OP empirically proves who got the tax cut and how much. The rest is just 'politicized drivel' as you would say.



posted on Apr, 24 2018 @ 06:58 AM
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50-k is nothing in today’s world. Pay for 4 employees, work Mens comp, other BStaxes, Obama’s care, all that leaves you broke as a small business owner.a reply to: Dfairlite



posted on Apr, 24 2018 @ 07:01 AM
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a reply to: WUNK22

But these are income tax rates, not revenue rates. After all expenses including labor, the business and individual would need to rake in more than 500k to take home, in order to owe the top rate and then they'd only owe that 37% on every dollar above that 500k mark.
edit on 24-4-2018 by Dfairlite because: (no reason given)



posted on Apr, 24 2018 @ 07:13 AM
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a reply to: Dfairlite

These sorts of threads are funny.

You guys argue about a percentage here and a percentage there on taxes, all so you can bash your political opponents over the head with it, while not realizing that you still have a government that is spending incredibly foolishly and your debt will keep increasing due to that spending.

You're getting screwed in the backside, but as long as Trump gave us 2% less of the shaft in the ass, it's all good.

"Thank you sir, may I have another"...

Suckers.



posted on Apr, 24 2018 @ 07:26 AM
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originally posted by: PublicOpinion
a reply to: Lab4Us

Wait. A debate?

All I see is a pathetic OP with politicized drivel. Care to expand on said debate, and where can we find it?






A debate would probably begin when you and your ilk drop the 'pathetics' and the 'drivels' from your posts. Until then, a debate is unlikely.



posted on Apr, 24 2018 @ 07:35 AM
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originally posted by: Dfairlite
a reply to: Lab4Us

You don't pay income taxes or corporate taxes on your expenses (labor is an expense).


Point missed entirely...

Point is that after you pay out 20 or so 20k-40k salaries to your employees the 500k-1m small businesses aren’t making what all the socialists think they are. No reason in the world why they should pay taxes on the “value” of their small business or operating expenses. Should only pay taxes on profits (after expenses), which, again, is NOT the value of the business.
edit on 24-4-2018 by Lab4Us because: Added comment for those that miss point.



posted on Apr, 24 2018 @ 07:55 AM
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originally posted by: PublicOpinion
a reply to: Dfairlite

The biggest share doesn't go to the rich, thus it isn't a cut "for them"?

Impressive reasoning going on there. Really great to have you guys on board! Someone has to crawl into The Leaders ass for pimping up the oligarchy, right?


So since the rich get a tax cut I should be against my own tax cut? Why should I give my Incompetent government more of my hard earned money?



posted on Apr, 24 2018 @ 08:04 AM
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a reply to: Dfairlite

It's amusing to see the big-government types getting upset because we get to keep more of what we earn.

Perhaps the tax cuts will shape the focus to the piss-poor ways government actually spends the money they do take.



posted on Apr, 24 2018 @ 08:40 AM
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originally posted by: introvert
a reply to: Dfairlite

These sorts of threads are funny.

You guys argue about a percentage here and a percentage there on taxes, all so you can bash your political opponents over the head with it, while not realizing that you still have a government that is spending incredibly foolishly and your debt will keep increasing due to that spending.

You're getting screwed in the backside, but as long as Trump gave us 2% less of the shaft in the ass, it's all good.

"Thank you sir, may I have another"...

Suckers.


The only sucker is you thinking raising taxes will do anything other than just take more money from individuals. You're argument is self-defeating considering before the tax cut we were still going further into debt. Obama's admin doubled the debt basically from what, 10T to almost 20T. So yea, I'll take the $2000 in crumbs...thank you very much! Nobody is stopping you from donating your money to the government, so they can buy more bombs.



posted on Apr, 24 2018 @ 08:57 AM
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a reply to: Middleoftheroad



The only sucker is you thinking raising taxes will do anything other than just take more money from individuals.


Can you quote where I said anything of the sort, please?



You're argument is self-defeating considering before the tax cut we were still going further into debt.


That is exactly my argument. We were going further in to debt before this tax plan and we will continue to do so after it. Watching fools over argue the little breadcrumbs we were thrown in this plan is comical.



Obama's admin doubled the debt basically from what, 10T to almost 20T. So yea, I'll take the $2000 in crumbs...thank you very much!


I know. It doesn't take much to please fools.

In fact, it appears your argument is self-defeating and contradictory.



Nobody is stopping you from donating your money to the government, so they can buy more bombs.


Ridiculous and irrelevant to my point.



posted on Apr, 24 2018 @ 09:22 AM
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a reply to: Dfairlite



Yes and a lot of deductions have changed, in the long run this is not good for the middle class or lower. The allowed write offs for medical alone have gone up, in other words you have to accumulate more out of pocked cost to write it off. That is just one example. There are more. Many will be in for a rude awakening when they file their 2018 tax returns.

Also the deficit is going to go way up, and that is a fact.



edit on 24-4-2018 by kurthall because: add



posted on Apr, 24 2018 @ 10:45 AM
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originally posted by: Lab4Us

originally posted by: Dfairlite
a reply to: Lab4Us

You don't pay income taxes or corporate taxes on your expenses (labor is an expense).


Point missed entirely...

Point is that after you pay out 20 or so 20k-40k salaries to your employees the 500k-1m small businesses aren’t making what all the socialists think they are. No reason in the world why they should pay taxes on the “value” of their small business or operating expenses. Should only pay taxes on profits (after expenses), which, again, is NOT the value of the business.


Let me see if I can explain.

Taxes are based on (Adjusted) Gross Income.

For a corporation it's expense are deducted from the gross to find the (Adjusted) Gross. There are other write offs for capital expenditures and such but this is the basics.

So the only people affected are businesses which are profiting (Net) over $500,000 annually.

Anyone making over $500,000 can afford to kick back a few extra dollars into the community that affords them such a quality lifestyle.


edit on 24-4-2018 by Isurrender73 because: (no reason given)



posted on Apr, 24 2018 @ 10:55 AM
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a reply to: Dfairlite

It doesn't matter what you pay in taxes. What does matter is the purchasing power of your take home pay.



posted on Apr, 24 2018 @ 10:57 AM
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originally posted by: Isurrender73

originally posted by: Lab4Us

originally posted by: Dfairlite
a reply to: Lab4Us

You don't pay income taxes or corporate taxes on your expenses (labor is an expense).


Point missed entirely...

Point is that after you pay out 20 or so 20k-40k salaries to your employees the 500k-1m small businesses aren’t making what all the socialists think they are. No reason in the world why they should pay taxes on the “value” of their small business or operating expenses. Should only pay taxes on profits (after expenses), which, again, is NOT the value of the business.


Let me see if I can explain.

Taxes are based on (Adjusted) Gross Income.

For a corporation it's expense are deducted from the gross to find the (Adjusted) Gross. There are other write offs for capital expenditures and such but this is the basics.

So the only people affected are businesses which are profiting (Net) over $500,000 annually.

Anyone making over $500,000 can afford to kick back a few extra dollars into the community that affords them such a quality lifestyle.



$500k is not a huge amount of money, particularly in urban areas. Yes, it is good money, but hardly popping bottles with Jay-Z and P Diddy money. Someone making $500k a year has far more in common with people making say $100k than they do with people making $2 million or even more.

You also have to realize that as a small business owner, that person may have worked years making hardly anything growing their business. Also, as a business owner, you may go from making $500k one year to needing to HELOC your home to make payroll.

We haven't even gotten into the debts and other sacrifices that these "working rich" often make. For a lot of us who hit that tax bracket, being able to keep our money is important because it allows us to save for a rainy day.

I guarantee I have a more modest lifestyle than many people several income brackets below me.

If anything, I think there should be some higher tax brackets... a bracket for people making say $2 million or more and then even a super bracket above $10,000,000.



posted on Apr, 24 2018 @ 01:40 PM
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a reply to: Dfairlite

My tax program does a what if for next year's taxes showing the effect of the Trump Tax cuts. For the vast majority of my clients, they will save significant amounts on their taxes, due to the Trump cuts.

I especially liked showing it to people who I assumed were Democrats from my interactions with them.



posted on Apr, 24 2018 @ 08:01 PM
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a reply to: dfnj2015

Wait, we have to choose lower taxes or purchasing power? I must have missed that part in all of my econ classes.



posted on Apr, 24 2018 @ 08:04 PM
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a reply to: kurthall

You should have kept reading the OP, I covered that. You have to itemize for that to matter, guess who itemizes: The rich. Guess who doesn't: The middle and working classes. So by doubling the standard deductions this lopsidedly helps the middle and working class, but closing deductions or raising their thresholds affects the rich in a more negative way. IMO this is an unfair portion of the tax bill, but if the dems had passed it they would be touting how they soaked the rich.
edit on 24-4-2018 by Dfairlite because: (no reason given)




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