Author Topic: The Trump Presidency  (Read 105609 times)

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Offline mocat

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Re: The Trump Presidency
« Reply #5100 on: October 12, 2017, 03:29:09 PM »
we need to discourage breeders, not give them my hard earned money for adding to the world's overpopulation smdh

Offline Rage Against the McKee

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Re: The Trump Presidency
« Reply #5101 on: October 12, 2017, 03:42:53 PM »
So basically the Republicans want to encourage families to have more kids (and penalize them if they don't). Probably a good way to offset all the labor we will be losing due to their immigration policies.

The difference in personal exemptions is a lot smaller if you don't have kids.

Offline Rage Against the McKee

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Re: The Trump Presidency
« Reply #5102 on: October 12, 2017, 03:51:29 PM »
Upper middle class HENRYs with 4 or 5 kids seem to be the real losers here. People with modest incomes and 0-2 kids should save quite a bit.

Offline SdK

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Re: The Trump Presidency
« Reply #5103 on: October 12, 2017, 03:59:21 PM »
we need to discourage breeders, not give them my hard earned money for adding to the world's overpopulation smdh
This. Tax breaks for kids is so stupid.

Offline catastrophe

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Re: The Trump Presidency
« Reply #5104 on: October 12, 2017, 03:59:45 PM »
So basically the Republicans want to encourage families to have more kids (and penalize them if they don't). Probably a good way to offset all the labor we will be losing due to their immigration policies.

The difference in personal exemptions is a lot smaller if you don't have kids.

You gotta explain that to me. I thought the personal exemption was a set amount per person. Why would it matter if you have kids or not?

Offline catastrophe

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Re: The Trump Presidency
« Reply #5105 on: October 12, 2017, 04:02:45 PM »
Upper middle class HENRYs with 4 or 5 kids seem to be the real losers here. People with modest incomes and 0-2 kids should save quite a bit.

Based on information ITT, HENRY's with 5 kids would get an extra $2,500 to take home. You're saying their effective tax rate goes up enough to negate that?

Offline Rage Against the McKee

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Re: The Trump Presidency
« Reply #5106 on: October 12, 2017, 04:04:08 PM »
Upper middle class HENRYs with 4 or 5 kids seem to be the real losers here. People with modest incomes and 0-2 kids should save quite a bit.

Based on information ITT, HENRY's with 5 kids would get an extra $2,500 to take home. You're saying their effective tax rate goes up enough to negate that?

Personal exemptions would go away, so people with 5 kids wouldn't get $20k in exemptions for them anymore. Increasing the child tax credit is a really good deal for poor people with lots of kids, because they are already not paying taxes anyway. Tacking on $20k to the 35% tax bracket adds $7000 to your bill while the extra $500 per kid only removes $2500.
« Last Edit: October 12, 2017, 04:08:24 PM by Rage Against the McKee »

Offline Phil Titola

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Re: The Trump Presidency
« Reply #5107 on: October 12, 2017, 04:08:27 PM »

The Big 6 plan would also increase the child tax credit by $500 each, resulting in a net tax reduction for that family of $722. Oops, Senator Bob Casey.
Don't personal exemptions go away though?

Btw tax breaks for having more kids is effing stupid. Cap it at 2 or something..want to have 15 kids...go for it...but you don't get to keep whacking off taxes because you can't keep it in your pants.

Offline catastrophe

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Re: The Trump Presidency
« Reply #5108 on: October 12, 2017, 04:10:07 PM »
Upper middle class HENRYs with 4 or 5 kids seem to be the real losers here. People with modest incomes and 0-2 kids should save quite a bit.

Based on information ITT, HENRY's with 5 kids would get an extra $2,500 to take home. You're saying their effective tax rate goes up enough to negate that?

Personal exemptions would go away, so people with 5 kids wouldn't get $20k in exemptions for them anymore. Increasing the child tax credit is a really good deal for poor people with lots of kids, because they are already not paying taxes anyway. Tacking on $20k to the 35% tax bracket adds $7000 to your bill while the extra $500 per kid only removes $2500.

Got it, so effective tax rate does increase especially if your income puts you toward the top of the bracket.  Love tax talk, we need a new thread for this.

Offline catastrophe

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Re: The Trump Presidency
« Reply #5109 on: October 12, 2017, 04:11:53 PM »
Man, Trump really wants to eff over KSUW.

Offline Rage Against the McKee

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Re: The Trump Presidency
« Reply #5110 on: October 12, 2017, 04:25:09 PM »
Man, Trump really wants to eff over KSUW.

It kind of looks that way, but to be fair, I don't think we have income ranges for the new proposed tax brackets yet. It's a little too early to tell.

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

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Re: The Trump Presidency
« Reply #5111 on: October 12, 2017, 05:37:27 PM »
we need to discourage breeders, not give them my hard earned money for adding to the world's overpopulation smdh

Without kids there's nobody to fund the SS and Medicare ponzi scheme, tho  :ohno: And you'll starve or die of shingles when old

LOL at the world being overpopulated
goEMAW Karmic BBS Shepherd

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

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Re: The Trump Presidency
« Reply #5112 on: October 12, 2017, 05:39:26 PM »
Dear Poors,

The child tax credit phases out way before you get to the 35% marginal bracket.

Signed,
Non-poor
goEMAW Karmic BBS Shepherd

Offline mocat

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Re: The Trump Presidency
« Reply #5113 on: October 12, 2017, 05:41:59 PM »
we need to discourage breeders, not give them my hard earned money for adding to the world's overpopulation smdh

Without kids there's nobody to fund the SS and Medicare ponzi scheme, tho  :ohno: And you'll starve or die of shingles when old

LOL at the world being overpopulated

idk man, where is this line going to level off?


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

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Re: The Trump Presidency
« Reply #5114 on: October 12, 2017, 05:46:57 PM »
It looks like back in 2025 the hyperbola (?) started to level off
goEMAW Karmic BBS Shepherd

Offline catastrophe

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Re: The Trump Presidency
« Reply #5115 on: October 12, 2017, 05:58:47 PM »
Why are you talking about 2025 like it already happened?

Offline bucket

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Re: The Trump Presidency
« Reply #5116 on: October 12, 2017, 05:59:41 PM »



Offline The Big Train

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Re: The Trump Presidency
« Reply #5117 on: October 12, 2017, 06:06:01 PM »
Why are you talking about 2025 like it already happened?

You have to understand FSD lives in a fantasy world 24/7/365
KU football is a sleeping giant and always has been - beems

If LHC Bill Snyder had been hired at KU years ago, we'd have a national championship in football and a couple more BCS bowls. - beems

Offline mocat

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Re: The Trump Presidency
« Reply #5118 on: October 12, 2017, 06:08:43 PM »
Why are you talking about 2025 like it already happened?

You have to understand FSD lives in a fantasy world 24/7/365
Read the graph closer

Offline The Big Train

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Re: The Trump Presidency
« Reply #5119 on: October 12, 2017, 06:10:21 PM »
Why are you talking about 2025 like it already happened?

You have to understand FSD lives in a fantasy world 24/7/365
Read the graph closer

What am I reading wrong?  It goes to 2050 and is not leveling off
KU football is a sleeping giant and always has been - beems

If LHC Bill Snyder had been hired at KU years ago, we'd have a national championship in football and a couple more BCS bowls. - beems

Offline mocat

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Re: The Trump Presidency
« Reply #5120 on: October 12, 2017, 06:11:26 PM »
If you took the derivative of that line, it would switch from positive to negative around 2025

Offline catastrophe

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Re: The Trump Presidency
« Reply #5121 on: October 12, 2017, 06:13:26 PM »
Why are you talking about 2025 like it already happened?

You have to understand FSD lives in a fantasy world 24/7/365
Read the graph closer

I mean, it looks like a projection of the world population growth.  I'm assuming up to a certain point is based on historical data, but the rest is obviously a prediction.  You cannot talk about a future projected dip in population as if it is evidence of an eventual decline.

Offline mocat

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Re: The Trump Presidency
« Reply #5122 on: October 12, 2017, 06:14:46 PM »
iirc back in '25 we used drones to drop bottles of birth control water off all over the world.  Best thing trump ever did in his 3rd term

Offline The Big Train

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Re: The Trump Presidency
« Reply #5123 on: October 12, 2017, 06:15:57 PM »
If you took the derivative of that line, it would switch from positive to negative around 2025

Show me an equation and I’ll prove you wrong.  Just from a spot check I can tell you the tangent line from 2025 is not decreasing it’s angle.  :lol:  math
KU football is a sleeping giant and always has been - beems

If LHC Bill Snyder had been hired at KU years ago, we'd have a national championship in football and a couple more BCS bowls. - beems

Offline Phil Titola

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Re: The Trump Presidency
« Reply #5124 on: October 12, 2017, 06:49:20 PM »
Dear Poors,

The child tax credit phases out way before you get to the 35% marginal bracket.

Signed,
Non-poor

Well this is a bummer...FSD has kids.