EPTUS Politics Mega-thread - Page 9184
| Forum Index > Closed |
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. | ||
|
ticklishmusic
United States15977 Posts
| ||
|
mozoku
United States708 Posts
Have you guys ever heard the phrase "the plural of 'anecdote' is not 'data'"? There's plenty of good reasons to hate this bill. I'm not sure why so many people feel the need to perform this level of mental gymnastics to confirm their worldview that every GOP tax bill is purely a handout to the 1%, when they could just hate the bill for being unaccommodating to those with kids or with injuries or whatever and that would be a perfectly reasonable stance Ticklish: I know my marginal rate is going from 28% to 35%. The cut is generally in how the brackets are structured. Out of curiosity, what incomes are you seeing where the marginal rate is dropping? | ||
|
Plansix
United States60190 Posts
And then there is that estate tax, which is firmly targeted at rich people. | ||
Liquid`Drone
Norway28923 Posts
| ||
|
JonnyBNoHo
United States6277 Posts
On November 09 2017 11:08 mozoku wrote: In terms of regressive vs progressive, the deductions don't matter. Regressive vs progressive relative to status quo is a simple matter of where the tax burden is shifting. You're free to hate the tax bill because it eliminates deductions for dependents, but you're incorrect in claiming it's regressive when the tax burden is shifting towards the rich despite the elimination of whatever deductions you're a fan of. I haven't looked too close... The tax burden seems to be shifting away from the rich, no? They could fix that by taxing muni's.. | ||
|
Wulfey_LA
932 Posts
On November 09 2017 12:26 mozoku wrote: Wulfey: Already did in an above post, which actually looked at the bill in aggregate (excluding estate tax), which is corroborated by every other study that looks at the bill in the aggregate that I've seen. Again, the tax burden shift is measured in the aggregate. Whether or not taxes are raised for families with multiple dependents in the 30-75k bracket is not how you try and answer the question of "Is this regressive relative to the status quo?" Have you guys ever heard the phrase "the plural of 'anecdote' is not 'data'"? There's plenty of good reasons to hate this bill. I'm not sure why so many people feel the need to perform this level of mental gymnastics to confirm their worldview that every GOP tax bill is purely a handout to the 1%, when they could just hate the bill for being unaccommodating to those with kids or with injuries or whatever and that would be a perfectly reasonable stance Ticklish: I know my marginal rate is going from 28% to 35%. The cut is generally in how the brackets are structured. Out of curiosity, what incomes are you seeing where the marginal rate is dropping? Only your dollars over the bracket line are going to 35%. And no, that the 30-75k bracket sees tax increases while the 1000+ bracket sees tax decreases is proof positive that the tax plan is regressive. Working and professional class W2 earners get tax increases, while the idle wealthy get tax breaks. EDIT: you can maybe play a semantic dodge here and pretend like you mean regressive in absolute percentages. The Republican tax plan as written and as shown in the CBO scoring is a 100% regressive shift in taxation. The shift might not be enough to throw federal level taxes into absolute regressiveness. https://en.wikipedia.org/wiki/Regressive_tax | ||
|
Liquid`Drone
Norway28923 Posts
| ||
|
{CC}StealthBlue
United States41117 Posts
| ||
|
Plansix
United States60190 Posts
This will translate poorly. Fuck, it will play poorly in the US. | ||
|
Zambrah
United States7393 Posts
On November 09 2017 13:44 Plansix wrote: https://twitter.com/DavidNakamura/status/928478768678785024 This will translate poorly. Fuck, it will play poorly in the US. ugh | ||
KwarK
United States44439 Posts
On November 09 2017 13:44 Plansix wrote: https://twitter.com/DavidNakamura/status/928478768678785024 This will translate poorly. Fuck, it will play poorly in the US. .... I think Chinese people may think that a nation that openly exploits another to generate an artificial trade imbalance may be acting immorally. I mean that's basically the defining point in China's century of humiliation. That's why the Opium Wars happened. It's hard to explain this in layman's terms but it's like he went to Israel and said "you guys are gassing us over in America, like totally gassing us, but it's cool, I understand, sometimes it's the right thing to do'. | ||
|
Nevuk
United States16280 Posts
| ||
|
Wulfey_LA
932 Posts
EDIT: wait, no, this is a distraction play. Big Mueller dump on Friday incoming. | ||
|
Plansix
United States60190 Posts
| ||
|
IgnE
United States7684 Posts
On November 09 2017 12:07 Wulfey_LA wrote: You need to show your work on this one. At the 10 year mark the 30-75k bracket sees a net tax increase based on CBO projections. Here is the chart again at the 10 year mark. + Show Spoiler + ![[image loading]](https://pbs.twimg.com/media/DOItd4ZX0AAf_rw.jpg:large) Don't worry they will renew the incentives before the 10 year mark. When was the last time we went 10 years on the same tax plan? | ||
|
KwarK
United States44439 Posts
| ||
|
IgnE
United States7684 Posts
On November 09 2017 14:00 Plansix wrote: It will play well with his base, which is increasingly proving to be a group that only wants to be told what they want to hear. But Jesus, we need China to do things like deal with NK and not fight over the south China sea. You've got the causality all wrong. They want to hear whatever Trump says. | ||
|
Nyxisto
Germany6287 Posts
On November 09 2017 14:00 Plansix wrote: It will play well with his base, which is increasingly proving to be a group that only wants to be told what they want to hear. But Jesus, we need China to do things like deal with NK and not fight over the south China sea. The South China Sea is the geopolitical centre of the 21st century, you can be pretty sure that China will try to assert itself there. | ||
|
Wulfey_LA
932 Posts
On November 09 2017 14:21 Nyxisto wrote: The South China Sea is the geopolitical centre of the 21st century, you can be pretty sure that China will try to assert itself there. Good thing DJT pulled us out of any massive multilateral trade deals that would have dollarized that area. America First! | ||
|
mozoku
United States708 Posts
On November 09 2017 13:51 KwarK wrote: .... I think Chinese people may think that a nation that openly exploits another to generate an artificial trade imbalance may be acting immorally. I mean that's basically the defining point in China's century of humiliation. That's why the Opium Wars happened. It's hard to explain this in layman's terms but it's like he went to Israel and said "you guys are gassing us over in America, like totally gassing us, but it's cool, I understand, sometimes it's the right thing to do'. Don't you think this a more than a little hyperbolic? This is pretty misleading for those who aren't really familiar with Chinese culture. I'm pretty sure the century of humiliation is known as that much more because of the lost wars, forced treaties, and massed induced addictions than the Britain's strategy to artificially reverse its trade deficit. | ||
| ||
