|
Read the rules in the OP before posting, please.In order to ensure that this thread continues to meet TL standards and follows the proper guidelines, we will be enforcing the rules in the OP more strictly. Be sure to give them a re-read to refresh your memory! The vast majority of you are contributing in a healthy way, keep it up! NOTE: When providing a source, explain why you feel it is relevant and what purpose it adds to the discussion if it's not obvious. Also take note that unsubstantiated tweets/posts meant only to rekindle old arguments can result in a mod action. |
On November 03 2017 01:24 Mohdoo wrote:Wow. This would severely blow ass for a lot of people. That college interest one in particular is huge. This is directly taking money out of the middle class. what in the god damn world is this pile of shit.
Younger people dont vote so fucking them is a viable strat
|
United States43761 Posts
At a certain point the only reasonable conclusion that can be reached is that anyone saying "Uranium One scandal" unironically is either deliberately arguing in bad faith or a colossal moron.
|
On November 03 2017 01:25 IyMoon wrote:Show nested quote +On November 03 2017 01:24 Mohdoo wrote:Wow. This would severely blow ass for a lot of people. That college interest one in particular is huge. This is directly taking money out of the middle class. what in the god damn world is this pile of shit. Younger people dont vote so fucking them is a viable strat
The way student loans are going, middle age voters are going to be impacted by that one too. This tax plan is a dumpster fire that will likely get passed because the Republicans need to pass something.
But then again, the Senators that can kill the bill are either not running for re-election or immune to being challenged in a primary.
|
On November 03 2017 01:29 KwarK wrote:
At a certain point the only reasonable conclusion that can be reached is that anyone saying "Uranium One scandal" unironically is either deliberately arguing in bad faith or a colossal moron.
Third theory:
https://en.wikipedia.org/wiki/Big_lie
Just bring it up enough times and it becomes a real issue.
|
On November 03 2017 01:30 Plansix wrote:Show nested quote +On November 03 2017 01:29 KwarK wrote:
At a certain point the only reasonable conclusion that can be reached is that anyone saying "Uranium One scandal" unironically is either deliberately arguing in bad faith or a colossal moron. Third theory: https://en.wikipedia.org/wiki/Big_lieJust bring it up enough times and it becomes a real issue.
That's not a third theory, it's arguing in bad faith
|
On November 03 2017 01:29 Plansix wrote:Show nested quote +On November 03 2017 01:25 IyMoon wrote:On November 03 2017 01:24 Mohdoo wrote:Wow. This would severely blow ass for a lot of people. That college interest one in particular is huge. This is directly taking money out of the middle class. what in the god damn world is this pile of shit. Younger people dont vote so fucking them is a viable strat The way student loans are going, middle age voters are going to be impacted by that one too. This tax plan is a dumpster fire that will likely get passed because the Republicans need to pass something. But then again, the Senators that can kill the bill are either not running for re-election or immune to being challenged in a primary.
I think a big thing will be how many young people turn out in VA. if you get a large group of them R might not want to fuck over a block that starts voting
|
United States43761 Posts
I've explained this infinity times but it's worth repeating that increasing the standard deduction while removing exemptions is effectively class warfare against blended and single parent households. The previous system was a tax deduction based on household size. The proposed system is to give individuals a $12,200 deduction and married couples $24,400, regardless of the number of dependents. Combined with an increase in the lowest bracket from 10% to 12% this is a "fuck you" to single parents, larger families, and anyone supporting elderly parents and the like. There are no longer any tax benefits to dependents.
|
On November 03 2017 01:51 KwarK wrote:
I've explained this infinity times but it's worth repeating that increasing the standard deduction while removing exemptions is effectively class warfare against blended and single parent households. The previous system was a tax deduction based on household size. The proposed system is to give individuals a $12,200 deduction and married couples $24,400, regardless of the number of dependents. Combined with an increase in the lowest bracket from 10% to 12% this is a "fuck you" to single parents, larger families, and anyone supporting elderly parents and the like. There are no longer any tax benefits to dependents.
It is going to be nice as a single man though. All of trumps tax plans dont hurt me in the slightest and will actually give me more money.
That being said holy shit is it a bad idea
|
So when would this tax shit actually happen? I'm planning to get married soon anyway so that my income is joint instead of individual, but I might make extra sure of it if I'll be losing like 2k just from this alone...
|
United States43761 Posts
Also lets talk about the child tax credit phase out being raised.
Previously if you're filing as an individual and make more than $75,000/year then the child tax credit started to phase out. Note that $75,000/year puts you in the top 14% of individual incomes. For filing as married the phase out began at $110,000, the top 10% of household incomes.
The proposed new phase out levels are $115,000 and $230,000, effectively expanding the credit for those in 14%-6% richest bracket. This is a refundable tax credit which means it's not really a tax credit at all, it's just an annual government contribution to people with children to help offset costs. It's intended to help children avoid poverty (again, this is why it's refundable), this expansion is pretty indefensible.
|
The Republican tax plan really is a despicable attempt at giving businesses and those who own them pretty much everything they want at the expense of everyone else.
|
United States43761 Posts
On November 03 2017 01:58 Mohdoo wrote:
So when would this tax shit actually happen? I'm planning to get married soon anyway so that my income is joint instead of individual, but I might make extra sure of it if I'll be losing like 2k just from this alone...
If you tell me what you makes and what the fiance makes I'll tell you how much better/worse off you'll be. It's likely that you'll want to adjust tax deferral strategies asaply to game this.
edit: We already did this, tax defer all the things you can. Have her recognize all the tax deferred liabilities she can. Max out that 401k contribution, Trad IRA rather than Roth for you this year, you can roll it over later.
|
United States43761 Posts
Abolition of the medical deduction isn't really important, given the increased size of the standard deduction btw. They could have left it in and nobody would have been able to use it anyway.
|
On November 03 2017 02:00 KwarK wrote:Show nested quote +On November 03 2017 01:58 Mohdoo wrote:
So when would this tax shit actually happen? I'm planning to get married soon anyway so that my income is joint instead of individual, but I might make extra sure of it if I'll be losing like 2k just from this alone... If you tell me what you makes and what the fiance makes I'll tell you how much better/worse off you'll be. It's likely that you'll want to adjust tax deferral strategies asaply to game this. edit: We already did this, tax defer all the things you can. Have her recognize all the tax deferred liabilities she can. Max out that 401k contribution, Trad IRA rather than Roth for you this year, you can roll it over later.
If I make 70k and the girlfriend makes 50k, what do we gain or lose by getting married?
|
I always enjoy it when the Republicans roll out a tax plan and Kwark goes into full Game the System mode, while also calling the entire thing bullshit.
|
On November 03 2017 01:58 Mohdoo wrote:
So when would this tax shit actually happen? I'm planning to get married soon anyway so that my income is joint instead of individual, but I might make extra sure of it if I'll be losing like 2k just from this alone...
Congratulations.
|
Jup, a joy to watch everytime.
|
So, cutting medical deductions while your forcing increased premiums so you hit people double as hard.
And fucking over students because the country doesn't have a big enough student debt problem yet.
Sounds very Republican.
Do we know if this has any chance of actually passing?
Also
@GH, yes you mentioned stuff like this Hillary story during the election, but you said a lot of shit without evidence. Being proven right after the fact doesn't make the claims at the time any better. Yes it looks shit and Hillary should not have done it.
@xDaunt.
"I linked a bunch of articles without going into specifics that you all debunked but i'm not going to commit to saying anything myself because then you disprove what I say with facts rather then fiction so I'm just going to randomly bring it up constantly like its an actual thing".
Also, you still haven't explained why Trump hasn't ordered Sessions to start an investigation with all this proof that now exists. Esp when it would discredit Mueller's investigation through his connection to the Uranium One report.
I wonder if its because he knows its complete and utter horseshit.
|
|
|
On November 03 2017 02:07 Danglars wrote:Show nested quote +On November 03 2017 01:58 Mohdoo wrote:
So when would this tax shit actually happen? I'm planning to get married soon anyway so that my income is joint instead of individual, but I might make extra sure of it if I'll be losing like 2k just from this alone... Congratulations.
Thanks! I should just have a TL meetup for a wedding.
|
|
|
|
|
|
EPT
