Author Topic: The Trump Presidency  (Read 1027768 times)

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Offline Rage Against the McKee

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Re: The Trump Presidency
« Reply #3400 on: April 28, 2017, 04:33:16 PM »
Under the current tax code, that burden would be $11,663.75. That is taking the standard deduction in both cases.

that can't be right.  i'm in that neighborhood incomewise and i'm nowhere near that neighborhood tax burdenwise.  even (very roughly) accounting for me filing jointly with another person.

I just ran the math on a calculator. The actual tax table does a lot more rounding. 70,000 - 6,300 = 63,700 taxable income.

The total tax would be $11,703 for a single person earning that much. Filing jointly drops that to $7,686.

https://www.irs.gov/pub/irs-pdf/i1040tt.pdf
« Last Edit: April 28, 2017, 04:41:04 PM by Rage Against the McKee »

Offline camKSU

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Re: The Trump Presidency
« Reply #3401 on: April 28, 2017, 05:19:19 PM »
...it's just part of being young, dumb and full of redistributed ______.

Cute. Very creative. Nice job, good effort!
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Offline cfbandyman

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Re: The Trump Presidency
« Reply #3402 on: April 28, 2017, 06:19:34 PM »
45 has done a great job so far and will go down as one of our greatest presidents, I know you don't see it yet just like you didn't see him getting nominated or winning, it's just part of being young, dumb and full of redistributed ______.

By doing nothing? Gorsuch is the only real W I can see. The rest if a bunch of walking around going nowhere.
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Offline Fake Sugar Dick (WARNING, NOT THE REAL SUGAR DICK!)

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Re: The Trump Presidency
« Reply #3403 on: April 28, 2017, 07:09:50 PM »
Trickle down has worked for 250 years.  Saying it doesn't, doesn't make it so.

If you have concerns regarding the deficit, I'm all ears, but I don't give a eff how much money or taxes someone else makes or pays. Everyone should get paid as much as they can.  Rich people are not to blame for the plight of poor people, there's no coherent argument supporting that statement, only a preference for socialist redistributive policy--which nobody wants in case you haven't noticed.

Trickle down works for the very few, so wrong, it guess it "worked" but not in a way joe schmoe gets to enjoy the benefits of it. The times of the greatest amount of people succeeding have been when it hasn't been in effect. But w/e you don't understand that. I have zero problem with people being rich, or that rich people are to blame for people being poor, there are plenty of people who are stupid with their money. But when you propose and have but into effect a tax system that allows people to get paid away with literally eff you money, instead of forcing them to prioritize their performance and the performance of the company with bonuses and incentives, tons of people lose. But I guess that's unfettered capitalism for you.

If your company have you a big salary, and mild bonus and incentives, you don't care as much about performing and helping than if they paid you a lower salary, but gave the the prospect of a big ass bonus.

No, it undeniably works for everyone engaged in the economy. Again, this is not debatable. You just want more redistribution and can't understand the difference.

No, you don't understand it. It undeniable works, but only those for those at the top, it undeniable shafts the ones down the ladder. Trickle down creates an oligarchical system undeniably. It forces wealth, and thus power up to those at the top, and those people with always do more to gain more of it. Some maybe good individuals, but all will do things to consolidate more wealth. Untaxing the rich to have them to use their wealth to create jobs and wealth for the lower class has literally never ended well. Check Rome in the 100's BC, France in 1789, Russia 1917,  Reagan in the 80's, and what happened in 2007/8. Also check out the conditions people lived in during the industrial revolution as robber barons lived high on the hog and everyone else was crammed 20 people a tiny room in squalor conditions. That was a time of true trickle down, and no one but the top liked that, and now those same rich people have tricked you into thinking their way is better, and every time you say "well duh that makes sense to my dumb dumb baby brain" they cart off more wealth and jobs and leave you holding the bag, sitting there wondering why crap went to hell.

It's not their fault, it's human nature to want to keep getting more wealthy. When you force them to be taxed on their income, but lessen the burden on bonuses and incentives pursuant to the their effectiveness of their leadership, it raises the tide and lifts more boats together. People should be rewarded for their work, and we need the wealthy to be an active and positive influence on our country, they do harbor some of our smartest and brightest, but allowing tax wise them dodge diverts their interest away, as I said if you could read, eff you money, and people walking away from what society needs with the majority of it's wealth and power does not bode well.
 
And of course it's is redistribution, but it's redistribution the resources and investment back into sectors that grow everyone's account, not just theirs. And if you really humbly think about it, the most innovation comes from the bottom, it seldom comes from the top. Where did apple, google, microsoft and the like start, sure as crap wan't at IBM, who laughed at all of them.

Here is a nice graph that I'll let you research the terms for yourself of why this is a worrisome problem, and check the dates, it all makes sense when you see this graph and the shrinking of the middle class.





Here's some more for you, FSD/Reno/Wacky, to peruse at your leisure... And it even uses Kansas as a case study!
http://www.cbpp.org/research/federal-tax/kansas-tax-cut-experience-refutes-economic-growth-predictions-of-trump-tax

Same post as above
goEMAW Karmic BBS Shepherd

Offline Fake Sugar Dick (WARNING, NOT THE REAL SUGAR DICK!)

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Re: The Trump Presidency
« Reply #3404 on: April 28, 2017, 07:11:44 PM »
Like, you can't understand that more is more than less. It's rough ridin' insane, and why only you two lunatics continue to press the false premise.

Look at that Fake Sugar Dick (WARNING, NOT THE REAL SUGAR DICK!) graph or that insane stream of consciousness. You aren't competent to comment on making change for a dollar, let alone extremely rudimentary macro economic concepts. Save your digits, it's making things worse for you.
« Last Edit: April 28, 2017, 07:29:01 PM by Fake Sugar Dick (WARNING, NOT THE REAL SUGAR DICK!) »
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Offline Fake Sugar Dick (WARNING, NOT THE REAL SUGAR DICK!)

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Re: The Trump Presidency
« Reply #3405 on: April 28, 2017, 07:31:23 PM »
We have the least oligarchal system in the world and you want to adopt the tax policy of an oligarchy. You are nuts, crazy, blatto, whackadoodle.
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Re: The Trump Presidency
« Reply #3406 on: April 28, 2017, 07:50:27 PM »
It must be a trifling bubble for those who think a dollar confiscated by the federal government results in a dollar paid to an unfortunate soul rearing to invent apple.

I can only imagine this is the thought process of someone who spends a great deal of personal time huffing glue and gas.
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Offline Fake Sugar Dick (WARNING, NOT THE REAL SUGAR DICK!)

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Re: The Trump Presidency
« Reply #3407 on: April 28, 2017, 07:53:58 PM »
Sign me up for the scarlet O, I want everyone to know I helped make America great again (before it went to crap)

Nobody doubts that, even though itt you acknowledged he was an idiot. Blissful ignorance?
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Offline Emo EMAW

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Re: The Trump Presidency
« Reply #3408 on: April 28, 2017, 08:28:58 PM »
45 has done a great job so far and will go down as one of our greatest presidents, I know you don't see it yet just like you didn't see him getting nominated or winning, it's just part of being young, dumb and full of redistributed ______.

By doing nothing? Gorsuch is the only real W I can see. The rest if a bunch of walking around going nowhere.

Precisely how I like my federal govt to work.  :)

Offline star seed 7

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Re: The Trump Presidency
« Reply #3409 on: April 28, 2017, 09:39:10 PM »
Enraged city
population: fsd
Hyperbolic partisan duplicitous hypocrite

The Big Train

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Re: The Trump Presidency
« Reply #3410 on: April 28, 2017, 09:41:48 PM »
radiation sickness is catching hold of everyone ITT

Offline sys

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Re: The Trump Presidency
« Reply #3411 on: April 29, 2017, 12:48:06 AM »
Filing jointly drops that to $7,686.

i paid like 2500.
"experienced commanders will simply be smeared and will actually go to the meat."

Offline steve dave

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Re: The Trump Presidency
« Reply #3412 on: April 29, 2017, 04:39:13 AM »
Like when lil sd grows up and asks me why a downgrade reality tv star was president I'll show him this thread and he should get it without me having to waste a lot of my valuable 1%'er time.

Offline chum1

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Re: The Trump Presidency
« Reply #3413 on: April 29, 2017, 06:39:56 AM »
Filing jointly drops that to $7,686.

i paid like 2500.

And that's without the child tax credit @ $1000 per kid. (I assume, although it just occurred to me how funny it would be if mrs. sys had like six kids from previous relationships.)
« Last Edit: April 29, 2017, 06:42:59 AM by chum1 »

Offline Dugout DickStone

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Re: The Trump Presidency
« Reply #3414 on: April 29, 2017, 10:46:30 AM »
Like when lil sd grows up and asks me why a downgrade reality tv star was president I'll show him this thread and he should get it without me having to waste a lot of my valuable 1%'er time.

This and then maybe tell him about the Nuge for 45 seconds.

Offline Rage Against the McKee

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Re: The Trump Presidency
« Reply #3415 on: April 29, 2017, 12:03:36 PM »
Filing jointly drops that to $7,686.

i paid like 2500.

Did you take the standard deduction or itemize? I also wasn't taking credits into account.
« Last Edit: April 29, 2017, 12:10:52 PM by Rage Against the McKee »

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Re: The Trump Presidency
« Reply #3416 on: April 29, 2017, 12:32:18 PM »
Talking about taxes has to be like the most boring topic in history

Offline sys

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Re: The Trump Presidency
« Reply #3417 on: April 29, 2017, 02:41:32 PM »
Filing jointly drops that to $7,686.

i paid like 2500.

Did you take the standard deduction or itemize? I also wasn't taking credits into account.

standard deduction.  joint file.  no kids.

start with ca. 70k, ignore some dividends and cap gains stuff that mostly cancels out.

- ca. 4k for something that's deducted for me on the w4, might be my contribution to my wife's health insurance (through my employer), might be some california tax, dunno
- 18k 401k contribs
- 12.6k st. deductions
- 8.1k personal exemptions

= taxable income ca. 29k

- credits = 2.8k tax obligation.



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"experienced commanders will simply be smeared and will actually go to the meat."

Offline Fake Sugar Dick (WARNING, NOT THE REAL SUGAR DICK!)

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Re: The Trump Presidency
« Reply #3418 on: April 29, 2017, 05:04:43 PM »
Would def take the double standard deduction in exchange for state and local tax deduction. Fed govt shouldn't be subsidizing high tax states.

Student loan interest should not be capped or phased out, neither should the kid tax credit.
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Offline Phil Titola

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Re: The Trump Presidency
« Reply #3419 on: April 29, 2017, 05:06:34 PM »
Would def take the double standard deduction in exchange for state and local tax deduction. Fed govt shouldn't be subsidizing high tax states.

Student loan interest should not be capped or phased out, neither should the kid tax credit.

Student Loan I agree with...not kid credit.  That should def be limited...at like 1 if you ask me.

Offline kim carnes

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Re: The Trump Presidency
« Reply #3420 on: April 29, 2017, 05:13:06 PM »
Filing jointly drops that to $7,686.

i paid like 2500.

Did you take the standard deduction or itemize? I also wasn't taking credits into account.

standard deduction.  joint file.  no kids.

start with ca. 70k, ignore some dividends and cap gains stuff that mostly cancels out.

- ca. 4k for something that's deducted for me on the w4, might be my contribution to my wife's health insurance (through my employer), might be some california tax, dunno
- 18k 401k contribs
- 12.6k st. deductions
- 8.1k personal exemptions

= taxable income ca. 29k

- credits = 2.8k tax obligation.



-

You're going to get arrested

Offline Fake Sugar Dick (WARNING, NOT THE REAL SUGAR DICK!)

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Re: The Trump Presidency
« Reply #3421 on: April 29, 2017, 05:23:30 PM »
Would def take the double standard deduction in exchange for state and local tax deduction. Fed govt shouldn't be subsidizing high tax states.

Student loan interest should not be capped or phased out, neither should the kid tax credit.

Student Loan I agree with...not kid credit.  That should def be limited...at like 1 if you ask me.

If you make decent money they take it from you. They should only take it from people who neglect their kids, or can't afford them. we need future ss payees to keep the system going.
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Offline kim carnes

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Re: The Trump Presidency
« Reply #3422 on: April 29, 2017, 05:50:14 PM »
Would def take the double standard deduction in exchange for state and local tax deduction. Fed govt shouldn't be subsidizing high tax states.

Student loan interest should not be capped or phased out, neither should the kid tax credit.

Student Loan I agree with...not kid credit.  That should def be limited...at like 1 if you ask me.

If you make decent money they take it from you. They should only take it from people who neglect their kids, or can't afford them. we need future ss payees to keep the system going.

Yea totally, people should have kids for a tax deduction

Offline Phil Titola

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Re: The Trump Presidency
« Reply #3423 on: April 29, 2017, 06:05:40 PM »
Would def take the double standard deduction in exchange for state and local tax deduction. Fed govt shouldn't be subsidizing high tax states.

Student loan interest should not be capped or phased out, neither should the kid tax credit.

Student Loan I agree with...not kid credit.  That should def be limited...at like 1 if you ask me.

If you make decent money they take it from you. They should only take it from people who neglect their kids, or can't afford them. we need future ss payees to keep the system going.

How about tax credits/deductions for not owning cars....let's try and drive some real social policy!

Offline Rage Against the McKee

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Re: The Trump Presidency
« Reply #3424 on: April 29, 2017, 06:10:16 PM »
We want people to own cars, though.