permafrost Loc: Minnesota

About that "MAGA"..

Is that an excuse for robbing tax payer even more over this term and for all foreseeable future tax years??



http://www.msnbc.com/rachel-maddow-show/the-new-package-republican-tax-breaks-gets-price-tag?cid=sm_fb_maddow

A couple of weeks ago, Donald Trump announced the cancellation of scheduled pay raises for roughly 1.8 million federal employees. The president justified the move by arguing, “We must maintain efforts to put our nation on a fiscally sustainable course.”

The move would hurt those workers, obviously, but it would save the federal government $25 billion – all in the name of fiscal sustainability.

It’s against this backdrop that House Ways and Means Committee Chairman Kevin Brady (R-Tex.) and his Republican brethren have unveiled a new package of tax breaks – they’re calling it “tax reform 2.0,” which is silly given that neither this nor the previous tax plan constituted meaningful “reform” – which now has a price tag. The Washington Post reported:

Brady’s plan would add about $630 billion to the federal deficit by 2029, on top of the $1.9 trillion the law is already expected to cost when factoring for higher interest payments, Congress’ Joint Committee on Taxation said on Tuesday.

Beyond those three years, the costs would continue to pile up. Starting in 2026, the cuts could cost the federal government about $165 billion annually in today’s dollars, according to projections by the Tax Foundation, a conservative-leaning think tank. That annual cut would add up to a roughly $2.4 trillion additional to the federal deficit over a 10-year period, the Tax Foundation found.

So let me get this straight. Two weeks ago, the nation couldn’t afford $25 billion in pay raises for federal workers, but we now afford $630 billion in new tax breaks for the wealthy?

The timing of the new Republican tax plan could be better. After all, the Congressional Budget Office said this week the federal budget deficit is quickly approaching $900 billion, and the party of “fiscal sustainability” is apparently eager to make it vastly larger with more tax breaks.

But that’s not the only relevant angle here.

Lonewolf

Just another form of rape

archie bunker Loc: Texas

I'll ask you just as I've asked some of your l*****t buddies here, and never gotten a straight answer.

How much of every dollar that I earn should I be allowed by the government to keep for myself?
I've tried my best to figure out where I'm at now with the dozens, and dozens of taxes we pay, and the best I can figure, I'm allowed to keep about .60 cents of every dollar that I earn. So I figure I work four months out of every year to pay the government. Is that not enough?
I mean, I'm the one doing the work, and having my money taken at gunpoint to finance politicians, and their whims.
How much do you think I should be allowed to keep from my own labor?

And another question that I think is relevant.

What is the origin of my debt to foreign countries, wetbacks, deadbeats in other states, academemics, (double expletive) lobbyists, or any (double expletive) body else that I'm not mandated by the US CONSTITUTION to be in debt to? Why do I owe these people, countries, and states money? Why am I in debt to them? Please explain!!

Hell, I owe less on my mortgage than a lot of recipients of my tax dollars do on their vehicles! It won't be long before I owe nothing if I have my way, and I know the origin of that debt that I gladly pay!

Why in the (double expletive) do I owe a government of a foreign country part of my paycheck? I made no agreement, or deal with them.
And if little boogla boogla over in Africa, Pedro in Guatamala, or Habib in Iraq needs a few bucks, I'll send it to them. Why does the government get to decide that I owe Osama a bunch, take it from me, and give it to him? Why?
I work my ass off for my money for me, my family, and my community. I don't give two (expletive) about Shaniqua in Minnesota, I don't owe her baby factory self a dime! I could use that money to help someone here who actually NEEDS it!
Which brings up another question.

What is the origin of my debt to those other than my immediate family who have made crap life decisions? Why should the government steal my labor to support them? Why do I owe them?

I've worked my ass off since age 11. Had to pay rent in my mother's house at 14, and have only called in sick at work only 2 days in the last 20 years. And that was only because I was in the hospital, and my wife wouldn't let me leave.

I've worked damn hard for what little I have, and tried my best to do what's right by people, and with my money; but you want the criminal government to have more of my time, labor, and money. This (expletive ) pisses me off!

(One more expletive.!!!!!!!)
Am I nothing more than a (expletive) s***e to your beloved government?

Rant over. (Multi-expletive)

woodguru

We'd have to know how much you make to be able to answer it in a manner specific to you. Personally I'm of the opinion that working class people would not have to pay any taxes beyond the taxes on goods purchased, shift the tax burden toward those who can afford it. Just as a loose idea....
$0-$75k nothing
$75k-$250k slides in small increments from zero to maybe 10/12 percent
$250k-$1m slides in small increments from 10 percent out to 35% (which is a rate that has been around for a long time prior to recent tax cuts)
$1m-$5m slides in increments out to somewhere around 40% to 45%
$5m-up stays at the top rate, this country has had far higher in tough times and thrived

More important than higher rates that lean toward the wealthy would be an overhaul of tax exemptions and write offs that serve mainly the wealthy by reducing their rate to an effective rate that is much lower. Some that would make monster revenue differences would be...
...a cap on the mortgage interest write off somewhere around $600k, perhaps a sliding scale up to the cap so it doesn't have a sudden price point penalty
...true capital gains taxes that match the income point, income is income
...perks and benefits for upper management counting as personal taxable income
...no offshore tax havens

Corporations need to pay far more than they currently do, it is a fact that higher taxes on profits force huge infrastructure spending rather than paying it out on taxes.

Cutting write off exemptions is worth so much that the deficit would be reduced if not eliminated. BS on the narrative that dems will just spend it. They might go back to infrastructure spending like Trump could be doing if it was a priority rather than giving tax dollars to the wealthy.

archie bunker Loc: Texas

What I make is none of your (triple expletive) business. It doesn't matter if I make my money collecting garbage, or trading stocks.

I have a LOT more than many do because I've WORKED for it.
Besides the fact that I wasn't responding to you, and you jumped in.
How about if YOU explain the origin of my debt to all of this.
Will I be in debt to California when yall fail?
If so, why?

lpnmajor Loc: Arkansas

History clearly shows that the GOP is only a "smaller Govt., fiscal responsibility" party.............................when Democrats are in charge.
I think the theory is, give the dems a s**tload of stuff to repair for when they take over - then blame them for the s**tload.

archie bunker Loc: Texas

That seems kind of two sided from where I sit.

currahee

From the perspective of one who "follows the money" I see that the enemies of the President Trump Administration are really enemies of America and they will use anything they can to try and thwart his efforts at wresting our country, monetarily speaking, away from those who comprise groups like the CFR and Trilateral Commission, both of which, ever since Wilson's usurpation of the office of our presidency,have stolen, along with the print shop of the FED. billions, if not trillions of dollars in establishing Rockefeller's "globalism," both in reality and in our minds through the "reeducation system of the "public screwals." President Trump, using his own money, is an American citizen who believes in the free market, is trying to rid our country of the thieves who, like Zuckerburg, have stolen our heritage of "freedom." Let's "nationalize the FED" and put these usurpers, like John Kerry, in prison where they can't hurt themselves or us.

lpnmajor Loc: Arkansas

Of course it is, both sides use the same crap to perpetuate the s**m.

grace scott

I seldom read rants such as yours. I'm glad I made an exception. My response: "AMEN".

permafrost Loc: Minnesota

Gee, Nice rant archie.. Been trying to think of a reply, but then find I agree with much of you tax overview.. I h**e taxes if you recall.

All the being put aside, we have to pay, at least to cover what has been spent already or we only wind up paying more.. the Dems are tax and spend? OK, I will not debate that yet.

But is it any better to spend and use a credit card? Pay later is always more costly.. So I sure do not like the way the GOP spends..

IN our great big plan to send your money as well as my money to Washington and then have Washington in turn send money back to MN and TEX as they see fit, one of your dollars may well end up in Minnesota,
as well as one of my dollars ending up in Texas..

why do we send so much money overseas.. I think it goes back to the Marshall plan, to rebuild the world after WWll, we made, (the banks) a fortune lending money for the task and the idea of give them money to our
stuff has lasted for allthis time.. but I think the money now stops with the banks and only a very little affects the rest of America..

I used to observe "tax day" which is the day that a person has earned his taxes for the year and can start putting that money in his won pocket..

But as kicking the dog and flushing the cat got later and later in the year, I got so disgusted that I gave it up for more recreational things to cuss about..

My life with taxes goes back to when i was a teen, one winter I shoveled driveways for a guy who contracted snow removal all over the city..

I wound up with $10 for and afternoon of shoveling, the jerk took out tax from my money, even I knew that he would never forward my money to the tax man in govt..

Never have moved beyond that view of my taxes..

But, we have to pay for govt.. have to pay what has been spent. It is now a patriotic duty to pay taxes, even if the very rich work year round to avoid paying.. we are stuck..

So why are we, the working and middle class given a small and temporary tax cut, while the tax load is raised to ridicules heights?

why are we given temporary relief when the rich, who have always had ways to shelter themselves from taxes, given permanent cuts and gifts?

We all have our own opinion of what is the most trying programs. overspending and unaccounted spending by the D o D, social programs, foreign aid, on and on..

But nearly everyone of all parties seems to agree, we get very little for our dollar and govt spending is out of control..

So, this may not be a reply to all of your post, but I am done with it..

archie bunker Loc: Texas

You did a pretty good job Permi. We are real close to being on the same page regarding taxes.
And, you know, when I was on the road, and listened to the comedy channels on Serius/XM radio; there was a guy who had a genius way of explaining taxes to kids using their Halloween candy. I can't for the life of me remember his name. I'll try again to find it. It's brilliant, and I'm sure many here will dig it.

permafrost Loc: Minnesota

buffalo Loc: Texas

For people to really get fed up and realize the rich do not pay their fair share we need a war tax to finance the continual, illegal, unConstitutional, immoral warmongering of the US. Unlike the 12.4% Social Security tax levied on incomes less than $128,700/year, make it on ALL incomes above that amount and see what happens. After all it is the wealthy banksters and military industrial corporations that profit from the racket that is war.