Let's put a nice bow tie on this thread , since the discussion at 20k feet seems to get lost at the drivel within the weeds....
Our founding fathers would've wanted for each of us to keep more of what we earn. Period. Why ? Because they wanted federal government to be smaller.. any of you that paid more either needs to review the state they live in, or feel happy that they earned more money ( and thus paid more tax)
Let's put a nice bow tie on this thread , since the discussion at 20k feet seems to get lost at the drivel within the weeds....
Our founding fathers would've wanted for each of us to keep more of what we earn. Period. Why ? Because they wanted federal government to be smaller.. any of you that paid more either needs to review the state they live in, or feel happy that they earned more money ( and thus paid more tax)
Raiders, you are very insightful like I am, but we need to condense this stuff down into " bite size " portions that the other side can understand. Pretend They will not read more a couple paragraphs...seriously
Besides Wall, their responses are typically emojis.
Raiders, you are very insightful like I am, but we need to condense this stuff down into " bite size " portions that the other side can understand. Pretend They will not read more a couple paragraphs...seriously
Besides Wall, their responses are typically emojis.
@Rush51 None of what you suggest could cycle through and show itself in the span of his presidency, this is so economically absurd I cannot believe you would try to pass this crap off. 2017 tax cuts were smoke and mirror tactics that took from some and gave to the upper income brackets, the simplification of the tax code and changing of the brackets hurt the middle class and benefitted the higher income levels, its trickle down nonsense and nothing more, my taxes went up and I am middle class, what EXACTLY went down for the middle and lower class? Regulation is forced onto society when free markets and capitalism abuse the citizen, the government is forced into action due to complaints from the population and from corporate greed via PAC and lobby efforts to protect profits. The common person is not wealthy enough to engineer any regulation and corps are 100 years in front of underfunded government efforts, you act like regulation is some scheme to punish a corp when it is actually due to abuse and fraud given from corps. ISIS is never gone, it will never be gone because to rid that area of ISIS or AQ or whatever name you want to give it you have to destroy the religious forces which cause it to exist, Trump did zero to change the religious male dominated structure of society and nothing has changed, nothing will. What did he change exactly? Is that area free of religious factions and fighting, are women free and are minorities and gays free to live life there? You are funny. The border will never be secure even with a 100 foot wall costing 2 TRILLION to make and another 500B a year to maintain because what you want to KEEP out has more motivation to get IN than you do manpower and money to keep out, the border is not secure it was a political ploy to incite your group to vote and keep the party in power. Inflation began to bubble when Trump was in office, it was germinated for fifteen years due to the FED, not from a politician, what did TRUMP do to guide inflation exactly? It took a supply chain disruption and Russia crimping oil/natural gas to pop the FED induced inflation bubble, the FED tried for 5-7 years to manufacture 2% and it didnt happen, yet it took two events to go from near ZERO inflation to double digits, where before the FED tried everything but raising rates and they could not FORCE even 2 percent. Why is that? Trump has no power in four years to alter inflation and if anything inflation is a trailing measure, it is a bubble that is visible and you can watch it develop until it is too late and until supply returns this inflation will persist. What kind of economic growth will happen when the growth was funded by zero percent interest rates? Corps had risk free leveraged cash to use to ramp production and it cost literally nothing for doing so, even with lower margins it made sense. Now that free cash costs more than the lower margin revenues it produced so now supply on the marginal level is reduced because cost of capital is higher when the FED raised and keeps raising rates. What kind of growth do you expect when the cost of capital is higher? The real estate market is down because of mortgage rates, credit rates never went down but are high so how can you expect growth to be great when cost of capital is higher in such a short period AND supply chain is not functioning? Peace in the middle east, who says this? That area is seconds away from WWIII at every moment no matter who is in office, Trump was not a peace maker of any kind, he was a cheese burger and twitter dope who was more concerned about his image than anything you falsely credit him for.
Excellent points, WallStreet
Quote Originally Posted by wallstreetcappers:
@Rush51 None of what you suggest could cycle through and show itself in the span of his presidency, this is so economically absurd I cannot believe you would try to pass this crap off. 2017 tax cuts were smoke and mirror tactics that took from some and gave to the upper income brackets, the simplification of the tax code and changing of the brackets hurt the middle class and benefitted the higher income levels, its trickle down nonsense and nothing more, my taxes went up and I am middle class, what EXACTLY went down for the middle and lower class? Regulation is forced onto society when free markets and capitalism abuse the citizen, the government is forced into action due to complaints from the population and from corporate greed via PAC and lobby efforts to protect profits. The common person is not wealthy enough to engineer any regulation and corps are 100 years in front of underfunded government efforts, you act like regulation is some scheme to punish a corp when it is actually due to abuse and fraud given from corps. ISIS is never gone, it will never be gone because to rid that area of ISIS or AQ or whatever name you want to give it you have to destroy the religious forces which cause it to exist, Trump did zero to change the religious male dominated structure of society and nothing has changed, nothing will. What did he change exactly? Is that area free of religious factions and fighting, are women free and are minorities and gays free to live life there? You are funny. The border will never be secure even with a 100 foot wall costing 2 TRILLION to make and another 500B a year to maintain because what you want to KEEP out has more motivation to get IN than you do manpower and money to keep out, the border is not secure it was a political ploy to incite your group to vote and keep the party in power. Inflation began to bubble when Trump was in office, it was germinated for fifteen years due to the FED, not from a politician, what did TRUMP do to guide inflation exactly? It took a supply chain disruption and Russia crimping oil/natural gas to pop the FED induced inflation bubble, the FED tried for 5-7 years to manufacture 2% and it didnt happen, yet it took two events to go from near ZERO inflation to double digits, where before the FED tried everything but raising rates and they could not FORCE even 2 percent. Why is that? Trump has no power in four years to alter inflation and if anything inflation is a trailing measure, it is a bubble that is visible and you can watch it develop until it is too late and until supply returns this inflation will persist. What kind of economic growth will happen when the growth was funded by zero percent interest rates? Corps had risk free leveraged cash to use to ramp production and it cost literally nothing for doing so, even with lower margins it made sense. Now that free cash costs more than the lower margin revenues it produced so now supply on the marginal level is reduced because cost of capital is higher when the FED raised and keeps raising rates. What kind of growth do you expect when the cost of capital is higher? The real estate market is down because of mortgage rates, credit rates never went down but are high so how can you expect growth to be great when cost of capital is higher in such a short period AND supply chain is not functioning? Peace in the middle east, who says this? That area is seconds away from WWIII at every moment no matter who is in office, Trump was not a peace maker of any kind, he was a cheese burger and twitter dope who was more concerned about his image than anything you falsely credit him for.
I never saw a rationale on why certain deductions got wiped off and some did not, why this even happened in the first place it seems like a total shell game and a way to force middle class brackets higher and act as if it is better which it is not in my case. And this.
Have to agree
Quote Originally Posted by fubah2:
Quote Originally Posted by wallstreetcappers:
I never saw a rationale on why certain deductions got wiped off and some did not, why this even happened in the first place it seems like a total shell game and a way to force middle class brackets higher and act as if it is better which it is not in my case. And this.
Quote Originally Posted by wallstreetcappers: @Rush51 None of what you suggest could cycle through and show itself in the span of his presidency, this is so economically absurd I cannot believe you would try to pass this crap off.
Trump was not a peace maker of any kind, he was a cheese burger and twitter dope who was more concerned about his image than anything you falsely credit him for.
Excellent points, WallStreet
agreed !
"I'm the MOST HONEST human being that GOD EVER created!" - Donald "the felon" Trump
Quote Originally Posted by Zeus4par:
Quote Originally Posted by wallstreetcappers: @Rush51 None of what you suggest could cycle through and show itself in the span of his presidency, this is so economically absurd I cannot believe you would try to pass this crap off.
Trump was not a peace maker of any kind, he was a cheese burger and twitter dope who was more concerned about his image than anything you falsely credit him for.
Quote Originally Posted by wallstreetcappers: @Rush51 None of what you suggest could cycle through and show itself in the span of his presidency, this is so economically absurd I cannot believe you would try to pass this crap off.
Trump was not a peace maker of any kind, he was a cheese burger and twitter dope who was more concerned about his image than anything you falsely credit him for.
Excellent points, WallStreet
agreed !
"I'm the MOST HONEST human being that GOD EVER created!" - Donald "the felon" Trump
Quote Originally Posted by Zeus4par:
Quote Originally Posted by wallstreetcappers: @Rush51 None of what you suggest could cycle through and show itself in the span of his presidency, this is so economically absurd I cannot believe you would try to pass this crap off.
Trump was not a peace maker of any kind, he was a cheese burger and twitter dope who was more concerned about his image than anything you falsely credit him for.
My comment was from someone being middle class who had SOME deductions, not all the odd ball ones out there but SOME, I still passed over the standard deduction since the tax increases went into effect but my AGI went way up because although I barely passed the bar and not by much, I used to pass that SD bar by much more and thus my marginal tax responsibility has been HIGHER since Trump pulled off the switch-aroo..
I know exactly what he did and how it was packaged to the lemmings as something good, well for some it is likely a MARGINAL improvement and if you were not really moving past the SD by a reasonable ammt then it it could be better but for some families who had SOME deductions and were in that middle group of being over the SD but under the AMT pain threshold and are just middle class average folks, taxes are higher and for me that is the case.
Rush,
My comment was from someone being middle class who had SOME deductions, not all the odd ball ones out there but SOME, I still passed over the standard deduction since the tax increases went into effect but my AGI went way up because although I barely passed the bar and not by much, I used to pass that SD bar by much more and thus my marginal tax responsibility has been HIGHER since Trump pulled off the switch-aroo..
I know exactly what he did and how it was packaged to the lemmings as something good, well for some it is likely a MARGINAL improvement and if you were not really moving past the SD by a reasonable ammt then it it could be better but for some families who had SOME deductions and were in that middle group of being over the SD but under the AMT pain threshold and are just middle class average folks, taxes are higher and for me that is the case.
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