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This is not a big win for most of us. It may be a marginal tax break for many -- but marginal doesn't help much -- it really doesn't -- and I'm usually a nickel and dime kind of person. Everything counts.
What I think I hate the most -- the way they make it sound like we are all so fortunate to get this deal.
WHAT?
It is marginal at best ...unless your a corporation or you need to wrroy about estate tax.
They're make signs and impede traffic while shouting about the 1% as they demand $15 an hour for a jobs you could train a monkey to do like making coffee or serving tables.
California is a big State... now if you zero in on areas with high cost real estate it will almost always have one of two factors... high paying jobs or unparalleled natural beauty like coastal area.
I was not old enough to have voted for Prop 13 but and thankful each and every day for those that did...
Your previous reply had no additional questions; enough with the grandstanding.
Your question is irrelevant if nothing but an attempt at deflection. OF COURSE it enters the economy, the key point being is that it stimulates the economy less than had it been spent, say, at the local hardware store (by hundreds of millions of Americans, in contrast to a tens of thousands of ultra-wealthy investing off-shore).
AGAIN: Read up on the Marginal Propensity to Consume, the Tax Multiplier, fiscal policy, and how it relates to economic expansion. I'm not going to explain to you why stagnant money has less of an affect on the economy relative to the exchange of money between consumers.
Your bashing an economic theory but cant answer such basic questions...
The poster answered your question, and did so very well. The poster laid out the case perfectly.
But worth adding.... if nobody is answering your "points' or questions it might be that they don't value them nearly as much as you do.
No they didnt.. they couldnt provide one single example as to how someone who is rich, and wants to make more money, can do so without putting money into the economy.
sounds like Trump does not care about anyone but himself.
Trump is set to reap huge savings through his roughly 500 pass through businesses.
i guess that is why he is so excited, He is likely to live long enough so that his estate pays NO estate tax on his death, and his businesses will now get to pay a much lower rate of 25% on the money he is actually taxed on..
great Tax cut for TRUMP. not so much for working Americans families.. i guess somebody has to pay for his tax windfall.
maybe trump will buy solid gold chairs instead of his gilded chairs.
American has more family business than the big corps...
Going through the business district of my East Oakland neighborhood you would be hard pressed to find much presence of large corp entities... they pulled up stakes and left back in the 1980's... even Walmart pulled out... what we have are many small businesses and many are corps with Mom and Pop ownership.
This is not a big win for most of us. It may be a marginal tax break for many -- but marginal doesn't help much -- it really doesn't -- and I'm usually a nickel and dime kind of person. Everything counts.
What I think I hate the most -- the way they make it sound like we are all so fortunate to get this deal.
WHAT?
It is marginal at best ...unless your a corporation or you need to wrroy about estate tax.
Do you have the link to a Trumps tax plan calculator or are you just saying this? I've tried to find a decent calculator but not one include deductions for 401K / IRA / HSA contributions
Sweet! Thanks for the link. It looks like we were right.
Quote:
Originally Posted by workingclasshero
omg...have you ever looked at the 1040???
lines 7-36 are all your incomes...wages...alimony etc
line 37 end side one of the form...it is you total adjusted gross income
lines 40-43 are the:
ln40 std or itemized deduction
line 41 ..line 38 minus line 40
line 42...your personal exemptions (4k x total in household)
line 43...line 41 minus line 42...this is your taxable income
line 44 see tax table ..... this is the tax owed (based on the taxable income) not based on what you already paid into the system
It's so funny how the media has made so many people tax experts and in lightening speed time lol <sarcasm>... so people like 1grin_g0 thinks
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