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That means even Trump approval people don't approve (it's not 40%)....
But you approve. Glad to hear it.
Of course, that money is out of debt and deficit that our kids and grand-kids will have to pay off. Surely you know that?
People like Toyman see the here and now. I got 3K more this year than last year and I'm not crowing about it. The American people are not going to give up Social Security and Medicare when interest rates go back to 8% and the payments on the national debt goes to 750 billion.
Hey Donny, keep stacking the FED with loyal idiots and my prediction above will become a reality.
People like Toyman see the here and now. I got 3K more this year than last year and I'm not crowing about it. The American people are not going to give up Social Security and Medicare when interest rates go back to 8% and the payments on the national debt goes to 750 billion.
Hey Donny, keep stacking the FED with loyal idiots and my prediction above will become a reality.
First-we pay SS and Medicare taxes separately from federal income taxes. The tax rates for those programs did not, sadly, change. I don't expect to see anything approaching a reasonable rate of return from the ~15% of my income that has been taken by the Feds to put towards SS all my working life. I have never put in more than half that into 401Ks and IRAs-but expect to see far more in income from them once I retire. Hopefully SS is enough to supplement that.
The second point? In spite of tax cuts-Federal tax revenue is UP. If you are concerned about the deficit (or far more importantly the debt) be happy the economy is generating the revenue it now is, rather than being saddled under our previous tax law and regulatory schemes.
As far as "stacking the FED with loyal idiots"-you do realize that it was under Obama when the FED was handing out nearly interest-free money under "Quantitative Easing" to hide the disastrous results of his economic policies....and "buy" a better economic outlook than actually existed? And that under Trump, the FED has raised interest rates several times, "throttling" growth.
I've been putting it off-I adjust my withholding so I always pay. I refuse to give the government an interest free loan all year long. Finally tackled income taxes yesterday. 2 great comments-it literally took about 5 minutes, since I didn't have to find receipts and deal with itemizing and was able to use the $24,000 standard deduction. And second-in spite of a higher income, I paid $1800 less than the previous year. Extra money in MY pocket, rather than the governments, is always a good thing. Nice to have a president that is looking out for working class people for a change.
This is pretty much my story exactly, except I was able to do a comparison over the last five years and saw steady increase in income, decrease in tax paid over last two years, and still more return over last two years.
I pay a gal to do my taxes, 100.00 well spent imo, and she commented it's a win win for my wife and I.
Don't understand these lying fools trying to convince us Orange Man Bad on this issue.
Y'all just throw dung on the wall 24/7 trying to make something stick. Just can't stand seeing Trump soar.
Quote:
Originally Posted by rebeldor
Typical NPC logic, and yet another example of why conservatives are just progressives driving the speed limit.
It doesn't answer the question though; why should anyone be forced to relinquish a huge portion of their income to the State?
For some tax dodger like you trying to find your LaLa Land, shouldn't you try leaving heavily taxed Denver Colorado and maybe move to Nevada?
First-we pay SS and Medicare taxes separately from federal income taxes. The tax rates for those programs did not, sadly, change. I don't expect to see anything approaching a reasonable rate of return from the ~15% of my income that has been taken by the Feds to put towards SS all my working life. I have never put in more than half that into 401Ks and IRAs-but expect to see far more in income from them once I retire. Hopefully SS is enough to supplement that.
The second point? In spite of tax cuts-Federal tax revenue is UP. If you are concerned about the deficit (or far more importantly the debt) be happy the economy is generating the revenue it now is, rather than being saddled under our previous tax law and regulatory schemes.
As far as "stacking the FED with loyal idiots"-you do realize that it was under Obama when the FED was handing out nearly interest-free money under "Quantitative Easing" to hide the disastrous results of his economic policies....and "buy" a better economic outlook than actually existed? And that under Trump, the FED has raised interest rates several times, "throttling" growth.
Unless you were in business for yourself, your burden was 6.2% of your salary for Social Security.
Numbers don't lie. The Bush depression spilled over into the Obama administration. Things were getting better under Obama in 13, 14, 15, and 16. Worse under Trump.
Like the bailouts of the major financial institutions, quantitative easing was necessary to get the economy healthy again.
Throw in a little Keynes with your Friedman philosophy and we won't argue so much. Fox University is no place to get an economics degree.
Last edited by Tonyafd; 04-15-2019 at 11:05 AM..
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