Welcome to City-Data.com Forum!
U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Politics and Other Controversies
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
Old 11-02-2017, 12:10 PM
 
9,837 posts, read 4,595,543 times
Reputation: 7292

Advertisements

Quote:
Originally Posted by lifeexplorer View Post
$35,000 is not "massive" to the rich. $35,000 to them is more like $350 to you.
35k is spitting in the eye of the middle class. Everything has been given to business and business owners.

and a few scraps thrown around. When the chairman's mark comes out i bet we see the state stuff improve.
Reply With Quote Quick reply to this message

 
Old 11-02-2017, 12:11 PM
 
52,433 posts, read 26,381,669 times
Reputation: 21092
Quote:
Originally Posted by evilcart View Post
nope .

the rich get a massive tax cut. .
This is your opinion.

But why do you think it is wrong for people to get to keep the money they earn?
Reply With Quote Quick reply to this message
 
Old 11-02-2017, 12:12 PM
 
52,433 posts, read 26,381,669 times
Reputation: 21092
Quote:
Originally Posted by reed067 View Post
This was to be expected though just like G.W gave tax breaks to the rich calling it trickle down economics.


Trumps calls it stick it to the poor working class tax break.
Incorrect.

Bush never used the term.
Reply With Quote Quick reply to this message
 
Old 11-02-2017, 12:14 PM
 
4,288 posts, read 2,040,821 times
Reputation: 2814
Quote:
Originally Posted by ColoradoOnMyMind View Post
Also, people who hoard multiple rental properties may not like the $500,000 mortgage interest deduction limit, lowering it from $1 million.
I have not read the proposal but I suspect the limit is on personal property not rental properties.
Reply With Quote Quick reply to this message
 
Old 11-02-2017, 12:15 PM
 
Location: Dallas, TX
1,187 posts, read 1,014,805 times
Reputation: 256
I am trying to understand property tax deduction vs standard deduction. Are they pushing us towards standard deduction. Our property tax + mortgage interest is more than standard deduction. With this plan, it is going to be other way if they increase standard deduction. Isn't it going to affect home prices / demand.
Reply With Quote Quick reply to this message
 
Old 11-02-2017, 12:15 PM
 
52,433 posts, read 26,381,669 times
Reputation: 21092
Quote:
Originally Posted by evilcart View Post
I can't help if you don't understand taxation Waldo. I do .
Ad hominem fallacy.

It was you who couldn't even get right what "fiduciary responsibility" means. The high opinion that you hold of yourself is irrelevant.

i.e. You are simply making stuff up as you did in the OP.
Reply With Quote Quick reply to this message
 
Old 11-02-2017, 12:16 PM
 
9,837 posts, read 4,595,543 times
Reputation: 7292
Quote:
Originally Posted by Eeyore1954 View Post
I have not read the proposal but I suspect the limit is on personal property not rental properties.
I agreed it would be rather odd to cap costs...
Reply With Quote Quick reply to this message
 
Old 11-02-2017, 12:17 PM
 
4,288 posts, read 2,040,821 times
Reputation: 2814
Quote:
Originally Posted by evilcart View Post
I can't help if you don't understand taxation Waldo. I do . This plan if passed as stated is a massive endless give away for the uber wealthy.

for start it kills estate taxes.
If true good in my opinion the top brackets are too much already.

Although taking away less is not the same as a massive give away.
Reply With Quote Quick reply to this message
 
Old 11-02-2017, 12:17 PM
 
69,368 posts, read 63,839,164 times
Reputation: 9383
Quote:
Originally Posted by ColoradoOnMyMind View Post
Also, people who hoard multiple rental properties may not like the $500,000 mortgage interest deduction limit, lowering it from $1 million. Rich pay the same rate, get their state tax deductions capped at 10k and mortgage interest deductions capped at 500k. Where they may benefit is lowering the corporate and pass thru rates but rich are hardly a big winner here.

The focus is clearing on the middle class through doubling deductions, increasing child tax credit and lower rates. Also obviously businesses will benefit.
Exactly true..
Reply With Quote Quick reply to this message
 
Old 11-02-2017, 12:17 PM
 
77,713 posts, read 59,858,282 times
Reputation: 49107
Quote:
Originally Posted by Ponderosa View Post
This bill is going to stick it good to anyone who makes over 90K a year where the 25% bracket kicks in.
Quote:
Originally Posted by EastwardBound View Post
The current rate is 25% for married couples at $75,900. Raising it to $90,000 is an improvement.
Typical P&C forum exchange with some of the regulars around here.

Ding ding ding 26 + 1 = 27
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Politics and Other Controversies
Similar Threads

All times are GMT -6.

© 2005-2024, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top