Author Topic: Taxes (GOP 2017 edition) (Read 140780 times)

Phil Titola · « **Reply #1675 on:** February 04, 2019, 12:41:26 PM »

what do you propose those states change their funding to away from SALT? Or is this another one of your mythical "they just need to spend less" theories with no real substance or logic?

You know exactly why SALT deductions were limited, to get at the "costal elite" states that aren't Trump bases. Much like everything else trump tries to implement it wasn't thought through so yes it now impacts a more Trump'y state like NE.

K-S-U-Wildcats! · « **Reply #1676 on:** February 04, 2019, 12:53:04 PM »

Quote from: Phil Titola on February 04, 2019, 12:41:26 PM

what do you propose those states change their funding to away from SALT? Or is this another one of your mythical "they just need to spend less" theories with no real substance or logic?

You know exactly why SALT deductions were limited, to get at the "costal elite" states that aren't Trump bases. Much like everything else trump tries to implement it wasn't thought through so yes it now impacts a more Trump'y state like NE.

There you go. And btw, if you go back and read this thread you’ll see that I supported simplifying our tax code by eliminating all kinds of credits and deductions, including ones I benefit from like mortgage interest and SALT, and offsetting these eliminations by reducing the marginal rates. Stop being so bitter. All you want to do is whine about people keeping more of their money. Not everybody won under this tax reform, but most did. How about you?

steve dave · « **Reply #1677 on:** February 04, 2019, 12:57:57 PM »

Quote from: K-S-U-Wildcats! on February 04, 2019, 12:20:31 PM

Quote from: steve dave on February 04, 2019, 09:51:11 AM
16.15% this year with KSU-Dubs formula and I have several dozen kids

No you don't.

I have only 2. I'm rough ridin' owned.

Rage Against the McKee · « **Reply #1678 on:** February 04, 2019, 12:59:49 PM »

Credits for kids don't make sense to me. You should pay more for each kid, not less.

Phil Titola · « **Reply #1679 on:** February 04, 2019, 12:59:56 PM »

Quote from: K-S-U-Wildcats! on February 04, 2019, 12:53:04 PM

Quote from: Phil Titola on February 04, 2019, 12:41:26 PM
what do you propose those states change their funding to away from SALT? Or is this another one of your mythical "they just need to spend less" theories with no real substance or logic?

You know exactly why SALT deductions were limited, to get at the "costal elite" states that aren't Trump bases. Much like everything else trump tries to implement it wasn't thought through so yes it now impacts a more Trump'y state like NE.

There you go. And btw, if you go back and read this thread you’ll see that I supported simplifying our tax code by eliminating all kinds of credits and deductions, including ones I benefit from like mortgage interest and SALT, and offsetting these eliminations by reducing the marginal rates. Stop being so bitter. All you want to do is whine about people keeping more of their money. Not everybody won under this tax reform, but most did. How about you?

still waiting on forms but yes my rate went down like we all knew it would. Party!

Not bitter at all, I just don't buy into lets chop down the tax rate and increase our deficit when the economy is chugging along thinking. I'm sure there is spending that could be reduced but not in a material way that isn't going to impact the welfare of the public the government is here to serve.

Rage Against the McKee · « **Reply #1680 on:** February 04, 2019, 01:00:47 PM »

My rate didn't go down as much as I thought it might, but it still dropped by about 1 percentage point.

Phil Titola · « **Reply #1681 on:** February 04, 2019, 01:02:09 PM »

Quote from: Rage Against the McKee on February 04, 2019, 12:59:49 PM

Credits for kids don't make sense to me. You should pay more for each kid, not less.

Agreed. I'd go hogwild on changing the tax code to influence how the public acts. Deductions for kids is going out the door first. Maybe after like 2 or something.

star seed 7 · « **Reply #1682 on:** February 04, 2019, 01:03:59 PM »

Quote from: Rage Against the McKee on February 04, 2019, 12:59:49 PM

Credits for kids don't make sense to me. You should pay more for each kid, not less.

Yes. Totally backwards

steve dave · « **Reply #1683 on:** February 04, 2019, 01:05:24 PM »

Quote from: libstradamus on February 04, 2019, 01:03:59 PM

Quote from: Rage Against the McKee on February 04, 2019, 12:59:49 PM
Credits for kids don't make sense to me. You should pay more for each kid, not less.

Yes. Totally backwards

I agree with this. And I have several dozen.

CHONGS · « **Reply #1684 on:** February 04, 2019, 01:12:31 PM »

Quote from: steve dave on February 04, 2019, 01:05:24 PM

Quote from: libstradamus on February 04, 2019, 01:03:59 PM
Quote from: Rage Against the McKee on February 04, 2019, 12:59:49 PM
Credits for kids don't make sense to me. You should pay more for each kid, not less.

Yes. Totally backwards

I agree with this. And I have several dozen.

No you don't you rough ridin' liar. You were just exposed a few posts ago, do you think people don't read?

JFC!

Phil Titola · « **Reply #1685 on:** February 04, 2019, 01:15:22 PM »

SD over here thinking we're a bunch of rubes believing his tall tails of breeding football teams.

CHONGS · « **Reply #1686 on:** February 04, 2019, 01:19:33 PM »

It just pissed me off to no end. I have been swallowing my tongue lately not wanting to rock the boat (the board backs SD), but it has to be called out. A man can only take so much.

steve dave · « **Reply #1687 on:** February 04, 2019, 01:21:01 PM »

crap, thought that was another thread. I only have 2. sorry again.

Dugout DickStone · « **Reply #1688 on:** February 04, 2019, 01:24:21 PM »

Yeah, I knew he was lying right to you rube's gross faces but didn't say anything. He even pm'd me begging me not to blow a huge hole in his story of having 24 kids. I have been keeping this secret for too long, it was a real burden

Phil Titola · « **Reply #1689 on:** February 04, 2019, 01:28:39 PM »

Quote from: Chingon on February 04, 2019, 01:19:33 PM

It just pissed me off to no end. I have been swallowing my tongue lately not wanting to rock the boat (the board backs SD), but it has to be called out. A man can only take so much.

you've been strong to make it this long in my humble opinion.

steve dave · « **Reply #1690 on:** February 04, 2019, 01:36:23 PM »

Quote from: steve dave on February 04, 2019, 09:51:11 AM

16.15% this year with KSU-Dubs formula and I have several dozen kids

Haven't done last year's formula yet so that may actually be better than last year though

15.88% last year

And that was BEFORE children 22, 23, and 24 were born.

Phil Titola · « **Reply #1691 on:** February 04, 2019, 01:37:28 PM »

t&ps to SD's vegas fund.

steve dave · « **Reply #1692 on:** February 04, 2019, 01:40:28 PM »

irl it was the massive SALT write offs that helped me so much last year. oh well.

Phil Titola · « **Reply #1693 on:** February 04, 2019, 01:47:49 PM »

Just don't pay all that SALT bud.

steve dave · « **Reply #1694 on:** February 04, 2019, 01:57:04 PM »

Quote from: steve dave on February 04, 2019, 01:40:28 PM

irl it was the massive SALT write offs that helped me so much last year. oh well.

also had a chunk from gE to write off last year. that prolly helped a tiny bit as well.

michigancat · « **Reply #1695 on:** February 04, 2019, 02:15:33 PM »

So last year was 17.1% and this year was 15.3%. I think the difference is pretty much all because of getting paid for breeding.

Side note: we adjusted withholding this year and ended up getting $8k back from Federal but still owed those liberal commie bastards in California $1100

K-S-U-Wildcats! · « **Reply #1696 on:** February 04, 2019, 02:28:19 PM »

Quote from: michigancat on February 04, 2019, 02:15:33 PM

So last year was 17.1% and this year was 15.3%. I think the difference is pretty much all because of getting paid for breeding.

Side note: we adjusted withholding this year and ended up getting $8k back from Federal but still owed those liberal commie bastards in California $1100

Yup. My 4 kiddos, and the CTC I didn't use to qualify for (and that Marco expanded from $1,200 to $2,000 per kid at the last minute) are a significant part of my tax savings. SD needs to have more kids. Also, I don't like tax credits, but to the extent we give credits for anything, creating future tax payers seems like a good bet.

star seed 7 · « **Reply #1697 on:** February 04, 2019, 02:32:00 PM »

If you need a tax credit as an incentive to procreate, you shouldn't be having children

catastrophe · « **Reply #1698 on:** February 04, 2019, 02:40:36 PM »

Yeah, it makes zero sense to support tax incentives to procreate while also discouraging legal immigration.

Assuming that’s why you support the credits. I just view them as a way to provide some monetary relief for parents who gotta feed those little guys.

steve dave · « **Reply #1699 on:** February 04, 2019, 02:47:22 PM »

Quote from: catastrophe on February 04, 2019, 02:40:36 PM

Yeah, it makes zero sense to support tax incentives to procreate while also discouraging legal immigration.

Assuming that’s why you support the credits. I just view them as a way to provide some monetary relief for parents who gotta feed those little guys.

Yes, it's this. With that in mind they should phase it out after a minimal income threshold.