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Old 11-27-2017, 09:58 AM
 
Location: Crooklyn, New York
27,624 posts, read 24,832,767 times
Reputation: 11185

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To Make It Great Again, don't we need to go back to 1950s tax rates when America experienced the greatest peacetime economic expansion ever witnessed?



http://forbestadvice.com/Money/Taxes...es_History.jpg
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Old 11-27-2017, 10:00 AM
 
Location: Crooklyn, New York
27,624 posts, read 24,832,767 times
Reputation: 11185
Also, why give tax cuts to the Globalists who have been exporting American jobs for decades? Weren't they the enemy?

Why do you guys support the Globalist Tax Cut?
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Old 11-27-2017, 10:05 AM
 
Location: Just over the horizon
6,448 posts, read 2,269,030 times
Reputation: 3408
Quote:
Originally Posted by sammy87 View Post
Im ok with a flat tax, but every proposal i see they do away with deductions. I think doing away with mortgage interest deductions would kill the home industry and put the US back into recession. All of a sudden people will actually have to write a check instead of get a refund.
Well, if you don't do away with deductions, it's not really a "flat" tax is it?

And a flat tax simplifies things so that most people would not need an accountant and no one would either owe or get a refund.

Your employer takes out "X" % to pay federal and that's that.
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Old 11-27-2017, 10:09 AM
 
Location: Crooklyn, New York
27,624 posts, read 24,832,767 times
Reputation: 11185
Good article on Trump's Globalist Tax Cut.

Quote:
Reports this weekend indicated that Steve Bannon, the White House chief strategist and Friend to the Sith, was pushing a tax hike on the very richest among us. Bannon wants to raise the rate on income over $5 million a year to 44 percent, according to The Intercept, in order to pay for tax cuts for the middle class.

But further reports on Monday indicated this is not under any serious consideration. In fact, according to The Daily Beast, conservative groups have essentially "laughed" at the idea.

Herein lies the problem with conquering a political party because the multitudes of establishment candidates they put up were easily stuffed in lockers: The rest of the party apparatus is still there after the fact. Bannon might want to raise taxes on the rich. Trump might even be open to it; he said he was, for what that's worth, as recently as last week.

But the network of donors and large corporations and interest groups and lobbying outfits who pay the campaign bills don't want that. So the congressmen and senators beholden to them don't want that...So any tax hike, particularly for the party's real shot-callers, is dead in the water. That's despite the fact that it would be good politics. Last year, 61 percent of Americans told Gallup the rich pay too little in taxes, including 45 percent of Republicans and 62 percent of independents.
Why Conservatives Are Laughing at Steve Bannon

So Bannon wants to raise taxes on the rich. But Trump has decided to go along with the Globalists and the Swamp.
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Old 11-27-2017, 10:11 AM
 
Location: Crooklyn, New York
27,624 posts, read 24,832,767 times
Reputation: 11185
Quote:
Originally Posted by FatBob96 View Post
Well, if you don't do away with deductions, it's not really a "flat" tax is it?

And a flat tax simplifies things so that most people would not need an accountant and no one would either owe or get a refund.

Your employer takes out "X" % to pay federal and that's that.
They need to decide whether raising taxes on the rich is "America First" or not. Bannon wants to do it. The Establishment clearly does not. So who's right here...Bannon or the Swamp?
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Old 11-27-2017, 10:23 AM
 
Location: Crooklyn, New York
27,624 posts, read 24,832,767 times
Reputation: 11185
Looks like all the Swamp Creatures have slithered away. All true Patriots know that raising taxes on the rich is one of the most America First things you can do.

https://www.vox.com/policy-and-polit...trump-tax-rich

The people in favor of the Trump Globalist Tax Cut are part of the Swamp. Drain the swamp by raising taxes on the rich and Globalist corporations.
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Old 11-27-2017, 10:28 AM
 
62,562 posts, read 27,822,421 times
Reputation: 7897
Quote:
Originally Posted by FirebirdCamaro1220 View Post
Because it punishes lower earners simply because they are lower earners
Paying the same tax rate doesn't punish them, living beyond their means and their own failure to improve upon their life circumstances does so.
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Old 11-27-2017, 10:33 AM
 
Location: Downtown Phoenix, AZ
15,832 posts, read 5,416,245 times
Reputation: 4643
Quote:
Originally Posted by InformedConsent View Post
Paying the same tax rate doesn't punish them, living beyond their means and their own failure to improve upon their life circumstances does so.
Anyone who earns less than about $30k/year HAS to "live beyond their means" just to make it, maybe lower that to $20k in a rural area
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Old 11-27-2017, 10:41 AM
 
Location: Crooklyn, New York
27,624 posts, read 24,832,767 times
Reputation: 11185
Quote:
Originally Posted by InformedConsent View Post
Paying the same tax rate doesn't punish them, living beyond their means and their own failure to improve upon their life circumstances does so.
Why do you support a Globalist Tax Cut that was designed in the deepest and darkest recesses of the D.C. Swamp?
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Old 11-27-2017, 11:01 AM
 
1,157 posts, read 843,889 times
Reputation: 1337
Quote:
Originally Posted by Feltdesigner View Post
50K for 20 years so and she will get raises and retire.

not bad IMO.
Not if you dont start working till you're 28 and you racked up 100k+ in loans. You will never get ahead. Pretty dumb IMO.
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