Richard Mondale Loc: Montana

The new Tax Reform Bill will not effect the savings that it could. Every one is focused on the length of the form and the difficulty of filling it out. That is not the major cost. The major cost is the obligation to know what you earned, what it was spent on, and whether that could be deductible. This costs us $1 Trillion per year. Imagine if we had that cash for our selves. What a fabulous stimulant that would be, every year.

steve66613

Uh....what am I missing here? What “costs us $1 Trillion per year”? We’re not paying the government....it’s a reduction in taxes....you know: like you’re not paying them. The government was never going to give anyone a trillion dollars. Well, not regarding the subject of a tax cut.

Hemiman Loc: Communist California

I think but am not completely sure he is referring to lost deductions we could have used and claimed for an extra trillion.

Richard Mondale Loc: Montana

I am referring to the Calculation cost, which is $500 Billion, plus the fact that Income Tax is a business cost, and so appears in the bottom line price of the product (embedded cost) which is then carried with it into the export market where it devastates our order book. Our products carry a price 30% or so higher than products from countries that use Value added Tax. Plus VAT is added to our products when they arrive in such a foreign country. (tax upon our tax) I am guessing that the profit lose on this is another $500 Billion for a total of $1 Trillion. The tarp fund, which was supposed to be large enough to head off the Obama Depression was a massive $700 Billion, to be applied to the Grass Roots, to stimulate the economy by accessing the multiplier effect. The above described savings would be realized by the citizens (grass roots) every year. It is the worlds largest unfunded Federal Mandate, and no body is talking about it.

Floyd Brown Loc: Milwaukee WI

Of course you are right.

The real cost to us is in the tax laws that favor taxes on money.

Radiance3

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This is a dummy left political assessment to ruinning the merits of this tax reform.
1. First dumb LIE stated here is, it will cost a $1 trillion per year.
2. The second lie is asking what you've earned and what you've spent, whether deductible. Double standard deduction benefits the lower income, mostly the middle class. Property taxes, and state income taxes are still deductible to $10,000. While mortgage interest are deductible up to a loan of $1 million. That is a generous benefit for the upper middle income, including double standard deduction.

Facts: Analysis on this tax reform of lowering taxes to the Middle Class, and corporate tax, will result to $1.5 trillion deficit for a period of 10 years, NOT 1 year as this dummy had reported. Next, assessment of what you earned versus what you've spent.
First, legally, not all expenses are deducted from your income for tax purposes. There are specific guidelines of what are deductible expenses from income and what are not. If you earn money then spend most of it for anything you've desired, not all your expenses cannot be deducted from your income for taxable purposes.

It is a DUMB democrat assessment. Because they are used to handouts and free loading not knowing what are the legal laws of taxation, because they never pay any taxes.

The deficit result of $1.5 trillion for 10 years, will be offset by the growth of employment, and corporate income resulting to more tax revenue collected because the employed will be paying taxes, as opposed to the policy of the democrats of feeding them and raising them like hordes of useless people sucking money from those who pay taxes.

Corporations and other businesses will grow thus resulting to paying more taxes. In addition, those US companies now in foreign countries will be coming home induced by low taxes, thus they pay income taxes to the IRS, and employ people to run their businesses. These added employed will then earn money paying taxes, which are Federal Income tax, Social Security Tax, Medicare Tax, Unemployment tax, and on the state and city level, they pay sales tax or state income tax. It is a chain movement of development where the people, the companies, and everybody will be productive contributing to the economy. When they have work and have money, they buy or spend more thus stimulating our economy.
Medicare and Social Security for retirees will be solvent again because more employed pay taxes.

Whereas policies of the democrats is by spending government money, expanding government, expanding millions of free loaders including those corrupt illegal aliens and terrorists Islam to be feed by us. That is what the democrats expand because these people are their VOTERS. The only way they could win the election. They don't care of whether these people produce or not, or develop and use any potential of their lives. The democrats make them dependent, useless, complainers and rioters. Their lives are not used to produce, thus living with no dignity, and respect, but complainers of racism, to satisfy their greed of being hungry suckers. Violence follow!

The more democrats have these free loader kinds of people, and depending on those who work, the better for the democrats for winning the election.

Floyd Brown Loc: Milwaukee WI

The real dummies here are the ones that think Trump is going to help them.

I glad you are happy with the bone they keep throwing you while they keep the meat for them self.
Big Money is so happy with how little they have to give you to keep you happy.
What you don't get they keep for them self.
But if you are happy with that. Join the rest of us here in the real World.
We may not be happy but we have learned how to get by with less.

Richard Mondale Loc: Montana

I am glad you know that. You have outlined the new tax system and a few other things, but what I am talking about is the fact that it cost $1 to collect $3. My advocacy is that we should adopt a system with a lower, hopefully zero, cost. What is your complaint about that? Additionally you called me a lib. Don't do that. I wish to bridge the divide between left and right. I wish to usurp the lib voter base.

Richard Mondale Loc: Montana

Taxes on money...you know what, I like that. the Fed is trouble. It is a private entity. It works for itself. Is that good? Well, if we tax transfers?
What I propose is when money is removed from FDIC Insured instrument the tax is taken. What that does is, the entire budget is paid for by the money system so the rest of the economy does not have to, and the FED is suppressed by the load.

Radiance3

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'Learn how to get by with less" quote from Floyd Brown.
That is one of the objectives of the Republican party under president Trump. Shrink the bloated Federal Government spending that expanded so much during the Democrat administration under Mr. Obama, Hillary, Pelosi, and Schummer, and Reid. Their expansions covered their own personal agenda, and those elements who voted for them.

What they did in order to expand their voter base, multiplying millions of free loaders, food stampers, and influx of tens of millions of illegals including terrorists for strengthening their support, armies, and voters for their lifetime political agenda.

The democrats the people who enlarged our bloated government spending. To the democrats, that's compassion. But I tell you, it is the wrong kind of compassion. Because they nurture these people to dependency, instead of developing them to become productive, with self-respect, and dignity of living.

For Republicans under president Trump, these non-productive people will have the choice of being productive, having self-respect, dignity, and self-worth.

What the Lord Jesus said was right. "Those who don't work, don't eat.". Of course He was referring to the strong bodied human being now made useless by the democrats, the fact that they could also have the potential to develop and use the gifts that God gave them.

Unless we the people, are able to make most of our lives productive, we could NOT diminish government spending. Taxes taken from us allow the government to operate on those necessities according to priorities.

Richard Mondale Loc: Montana

This is what the tax cut is all about. It still does not stop the bleeding.
http://thehill.com/opinion/finance/366880-tax-bill-is-the-rising-tide-that-will-lift-all-americans-boats?utm_source=ods&&utm_medium=email&&utm_campaign=1600d

Radiance3

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You must be afraid of this new tax bill that will remove your food stamps and BO care. You still have that Medicaid though.

Radiance3

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President Kennedy was a conservative democrat. He said like this. "Ask not what your country can do for you, but what you can do for your country". I like that.

But on the contrary, the leaders of current democrats like Obama, Hillary Clinton, multiplied their base of hundreds of millions of FREE LOADERS, FOOD STAMPERS, like illegal aliens, including terrorists, and those BLM AND ANTIFA destroying our country on various means killing of innocent white people, destroying public and private properties, looting, stealing, burglarizing, drug dealers, rapists, drug addicts, abortionist liberal women, gays/lesbians wanting to have sex change at the expense of taxpayers, All these people are their armies destroying our country and the Republican conservatives.

THESE PEOPLE I'VE MENTIONED HERE ARE ALL DEMOCRAT VOTERS. That is the only way the democrats win. By continue defrauding and corrupting the American people, to satisfy their greed of power, and wealth in order to continue power and control for the rest of their lives.

President Kennedy did not like that. The only thing I regret in him was being a womanizer. But he was a conservative democrat based on his policies.

Floyd Brown Loc: Milwaukee WI

You don't have a real clue to what has happened, is happening & will continue to happen with the government controlled by the Political Parties.

Richard Mondale Loc: Montana

I was a Kennedy Democrat. When I heard he had been shot I tuned in the best TV station in the area, Salt Lake City. They patched the live local feed from Dallas. What I watched was 20 minutes of ballistic information. It was the shooting couch talking the shooter through the shot. Salt Lake City TV made a copy, but they are not showing it to anybody.