Politicspoliticstrumptaxcut

Sun Feb 10, 2019, 05:31 PM

 

Trump's tax cut saved us several thousand dollars this year.

As expected, Trump's tax cuts benefited my spouse and me this year. We have no mortgage interest and live in a low tax state. We are not small biz owners who have a lot of deductions like vehicle costs etc.

Our overall tax rate fell by 3.5 points.

Still, it's blowing up the national debt, folks. If we don't pay it down now, somebody else will have to in the future.

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Reply Trump's tax cut saved us several thousand dollars this year. (Original post)
JoeHill Feb 2019 OP
MumblyPeg Feb 2019 #1
JoeHill Feb 2019 #4
RCW2014 Feb 2019 #10
MumblyPeg Feb 2019 #12
JoeHill Feb 2019 #15
Paradigm Feb 2019 #35
imwithfred Feb 2019 #17
Daves Not Here Man Feb 2019 #28
Paradigm Feb 2019 #34
fools_gold Feb 2019 #2
JoeHill Feb 2019 #3
_eek Feb 2019 #7
JoeHill Feb 2019 #16
Jond414 Feb 2019 #44
_eek Feb 2019 #61
JoeHill Feb 2019 #69
_eek Feb 2019 #71
JoeHill Feb 2019 #73
_eek Feb 2019 #74
def_con5 Feb 2019 #11
JoeHill Feb 2019 #19
fools_gold Feb 2019 #20
JoeHill Feb 2019 #21
fools_gold Feb 2019 #24
JoeHill Feb 2019 #27
fools_gold Feb 2019 #33
JoeHill Feb 2019 #53
fools_gold Feb 2019 #55
JoeHill Feb 2019 #56
fools_gold Feb 2019 #59
JoeHill Feb 2019 #60
New Deal Democrat Feb 2019 #68
Solesurvivor Feb 2019 #39
JoeHill Feb 2019 #52
quad489 Feb 2019 #30
JoeHill Feb 2019 #54
quad489 Feb 2019 #63
Lira Feb 2019 #36
_eek Feb 2019 #5
freedumb2003 Feb 2019 #8
JoeHill Feb 2019 #29
Lira Feb 2019 #37
Solesurvivor Feb 2019 #40
JoeHill Feb 2019 #57
Solesurvivor Feb 2019 #58
freedumb2003 Feb 2019 #46
def_con5 Feb 2019 #6
shogun Feb 2019 #9
safestuffer Feb 2019 #13
JoeHill Feb 2019 #23
freedumb2003 Feb 2019 #47
Isidore Feb 2019 #42
JoeHill Feb 2019 #50
def_con5 Feb 2019 #14
JoeHill Feb 2019 #25
Solesurvivor Feb 2019 #41
safestuffer Feb 2019 #18
quad489 Feb 2019 #22
JoeHill Feb 2019 #26
quad489 Feb 2019 #31
JoeHill Feb 2019 #51
quad489 Feb 2019 #64
JoeHill Feb 2019 #65
quad489 Feb 2019 #66
JoeHill Feb 2019 #67
quad489 Feb 2019 #70
JoeHill Feb 2019 #72
quad489 Feb 2019 #75
Oldgeezer Feb 2019 #32
Carlos W Bush Feb 2019 #38
Charlie Mike Feb 2019 #43
Grumpy Pickle Feb 2019 #45
JoeHill Feb 2019 #49
Steelydamned Feb 2019 #62
FreeWheelBurning Feb 2019 #48

Response to JoeHill (Original post)

Sun Feb 10, 2019, 05:32 PM

1. well, stop complaining and write a donation check and give it back. whats the problem?

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Response to MumblyPeg (Reply #1)

Sun Feb 10, 2019, 05:39 PM

4. That's not a systematic solution, Loser Flag.

 

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Response to JoeHill (Reply #4)

Sun Feb 10, 2019, 05:43 PM

10. Alerted. Bad faith garnered my vote.

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Response to JoeHill (Reply #4)

Sun Feb 10, 2019, 05:46 PM

12. I'll listen to lefty whining about debt when everyone on the left gives back their extra cash from

the tax reductions.
But not a single dreadful one of the hypocrites ever would. Of course they WILL lie and say their taxes went up and all their uber-rich friends are raking it in.
So why wouldn't lefty give it back?
Well see, this is the telling part.
As we have always insisted: lefty expects to be on the RECEIVING end of all tax gains while the cash is extracted from OTHER people.
Most of us call this THEFT.
Morally and ethically bankrupt, every single person who votes dimocrat.

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Response to MumblyPeg (Reply #12)

Sun Feb 10, 2019, 05:51 PM

15. Hey, why don't you take up arms against your country, Traitor Flag, and win the Civil War this time?

 

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Response to JoeHill (Reply #15)

Sun Feb 10, 2019, 07:09 PM

35. I voted to leave this one as well. Ill never vote hide.

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Response to JoeHill (Reply #4)

Sun Feb 10, 2019, 05:53 PM

17. Whoops, alerted on.

I voted it breaks the rule, because one's not supposed to call other members denigrating names.

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Response to imwithfred (Reply #17)

Sun Feb 10, 2019, 06:19 PM

28. voting to hide is such a primitive thing to do.

some rectal apertures will clutch their pearls and vote to hide anything at all.

sooooo nice to see you are above all that.

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Response to JoeHill (Reply #4)

Sun Feb 10, 2019, 07:06 PM

34. I voted leave it. I never vote a hide. No matter what.

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Response to JoeHill (Original post)

Sun Feb 10, 2019, 05:34 PM

2. Can you show me the evidence that

the national debt is increasing due to declining tax revenue and not increased spending? Thanks.

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Response to fools_gold (Reply #2)

Sun Feb 10, 2019, 05:38 PM

3. The biggest unfunded program we spend federal money on is the military.

 

Soc. Security has a dedicated tax which covers all or nearly all the cost (depending on the year).

So if you want to seriously cut gov't spending, you have to seriously cut the 1 Trillion dollars we spend on the military.

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Response to JoeHill (Reply #3)

Sun Feb 10, 2019, 05:40 PM

7. Agreed, what do YOU propose we cut?

Please be specific with the savings and effects, and do it in a thinking manner, not your usual childish simplicity.

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Response to _eek (Reply #7)

Sun Feb 10, 2019, 05:52 PM

16. All foreign military bases would be a helluva good start.

 

Get the hell out of South Korea, Germany, Okinawa etc.

We also don't need a new fighter--the F35--on top of the new fighters we already have.

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Response to JoeHill (Reply #16)

Sun Feb 10, 2019, 11:56 PM

44. Yep.

I couldn’t agree more.

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Response to JoeHill (Reply #16)

Mon Feb 11, 2019, 01:03 PM

61. So, abandon treaty obligations.

Our footprint outside CONUS is tiny.

" new fighters we already have." Are you talking about the F22.. Are you really so simple to think that the F22 is a ground attack aircraft?

I was pretty specific in asking you for realistic ideas, not childish whining. I guess it's my fault for thinking you could actually think.

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Response to _eek (Reply #61)

Mon Feb 11, 2019, 09:19 PM

69. You think we need 800 bases around the world, and the costs to pay for them?

 

Looks like the thinking problem is all yours.

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Response to JoeHill (Reply #69)

Tue Feb 12, 2019, 09:56 AM

71. 800 bases.

Ranging in size from? to?

Please list the bases you think need closed, including nominal military bases that serve mainly as research..

Please list the savings, Again you offer childish ideas and spit out the pablum you are being fed.

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Response to _eek (Reply #71)

Tue Feb 12, 2019, 10:45 AM

73. So, that's a yes then.

 

Despite recently closing hundreds of bases in Iraq and Afghanistan, the United States still maintains nearly 800 military bases in more than 70 countries and territories abroad—from giant “Little Americas” to small radar facilities. Britain, France and Russia, by contrast, have about 30 foreign bases combined.

By my calculation, maintaining bases and troops overseas cost $85 to $100 billion in fiscal year 2014; the total with bases and troops in warzones is $160 to $200 billion.

https://www.politico.com/magazine/story/2015/06/us-military-bases-around-the-world-119321

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Response to JoeHill (Reply #73)

Tue Feb 12, 2019, 10:50 AM

74. Don't try and play your games with me.

I am asking the questions, and if you want to continue to attempt to leave your childish mindset behind, you'll answer my questions, and stop playing baby games with words.

Feel lucky I deem your silly persona worthy to try and educate.

Now back to the topic at hand, and the basis of this entire branch of discussion.

I refer you to the beginning, and ask that you quit being a child, and give your plan.

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Response to JoeHill (Reply #3)

Sun Feb 10, 2019, 05:45 PM

11. We're not spending $1t on defense

It was $590B in 2017, Trump is proposing $686B in 2019.

https://en.wikipedia.org/wiki/Military_budget_of_the_United_States

It is all the automatic spending programs, from food stamps to SS, etc. You could eliminate all the discretionary spending and still not balance the budget.

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Response to def_con5 (Reply #11)

Sun Feb 10, 2019, 05:57 PM

19. That's just part of it.

 

2019 US military budget
The US authorized $717 billion defense budget for 2019. There is a base defense budget of $639 billion and overseas contingency operations funding total of another $69 billion.

It does not include about $181.3 billion. The Department of Veterans Affairs ($83.1 billion), the State Department ($28.3 billion), Homeland Security ($46 billion), FBI and Cybersecurity in the Department of Justice ($8.8 billion) and the National Nuclear Security Administration in the Department of Energy ($21.9 billion).

https://www.nextbigfuture.com/2018/09/us-military-says-75-billion-per-year-needed-to-match-future-china-military.html

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Response to JoeHill (Reply #3)

Sun Feb 10, 2019, 05:57 PM

20. Thats not what I asked.

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Response to fools_gold (Reply #20)

Sun Feb 10, 2019, 06:03 PM

21. I know . . .

 

and I don't know the answer to your question.

One would have to look at budgets vs. income tax revenue over time, and I don't have access to that right now.

I do know that after WW2, we paid down the national debt from 120 percent of GDP to about 30 percent of GDP under Carter, and it has skyrocketed under every president except Clinton (it held steady).

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Response to JoeHill (Reply #21)

Sun Feb 10, 2019, 06:07 PM

24. You said Trumps tax plan was blowing up the national debt

You didn’t have the facts to assert that, did you?

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Response to fools_gold (Reply #24)

Sun Feb 10, 2019, 06:12 PM

27. It stands to reason that if revenue goes down, and spending stays the same, then debt goes up.

 

We can agree on that, can't we.

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Response to JoeHill (Reply #27)

Sun Feb 10, 2019, 07:05 PM

33. What makes you think revenue went down?

We're back to my original question. What leads you to believe tax revenue is down due to the Trump tax bill?

You don't really get this, do you?

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Response to fools_gold (Reply #33)

Mon Feb 11, 2019, 10:42 AM

53. I get that if tax revenue does not keep pace with spending--even if it goes up--

 

our debt will rise.

Our debt IS rising so prima facie revenue is not keeping pace with spending.

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Response to JoeHill (Reply #53)

Mon Feb 11, 2019, 10:58 AM

55. You said Trump's tax cut

" ... it's blowing up the national debt ..."

Now you say it's " ... revenue is not keeping up with spending." Two entirely different things. Spending is not correlated to the tax cut.

No matter how much you try to wiggle and squirm, you have not provided evidence for your original assertion.

I am done with this discussion. Good day.

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Response to fools_gold (Reply #55)

Mon Feb 11, 2019, 11:00 AM

56. You are extremely tiresome.

 

https://www.bloomberg.com/news/articles/2018-12-13/trump-s-tax-cuts-had-an-impact-but-not-the-one-backers-hoped-for

One of the most easily disproved claims Trump made about his tax cut plan is that it wouldn’t swell the budget deficit: As a share of gross domestic product, the deficit rose to 4 percent in October, up from 3.4 percent in October 2017 and 2.6 percent in October 2016.

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Response to JoeHill (Reply #56)

Mon Feb 11, 2019, 11:28 AM

59. And you are extremely dense

And you can't see the difference between the effects of a tax adjustment on revenue and increased spending and how they affect the budget.

And now you're talking about the budget deficit whereas before you were talking about the national debt. There is a difference.

And share of tax revenue as a percentage of GDP is an entirely different thing and is not relevant to this discussion.

I think we are all convinced of your level of knowledge of economics.

Again, good day.

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Response to fools_gold (Reply #59)

Mon Feb 11, 2019, 11:30 AM

60. I gave you a link supporting my position. Where's your link, smart guy?

 

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Response to JoeHill (Reply #60)

Mon Feb 11, 2019, 09:15 PM

68. Hit and run.

Tax cuts pay for themselves, yada yada yada.

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Response to JoeHill (Reply #27)

Sun Feb 10, 2019, 10:08 PM

39. Every year for the last 5 at least weve taken

In record tax revenue

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Response to Solesurvivor (Reply #39)

Mon Feb 11, 2019, 10:41 AM

52. Link it or sink it?

 

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Response to JoeHill (Reply #3)

Sun Feb 10, 2019, 06:27 PM

30. Bummer that having a functional military is a basic responsibility of the federal govt per...

...the US Constitution else your ''unfunded'' whining would mean something. And why did you only start caring about govt spending after Trump was elected???

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Response to quad489 (Reply #30)

Mon Feb 11, 2019, 10:45 AM

54. WAIT A MINUTE . . . you're knowingly distorting my argument.

 

Nobody said that we don't need a functional military. I and many others believe we don't need a military that costs more than all the other militaries in the world combined (or close to it). We don't need some 800 foreign bases to keep America safe.

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Response to JoeHill (Reply #54)

Mon Feb 11, 2019, 01:24 PM

63. ''cut the 1 Trillion dollars we spend on the military''...and WHEN did we start spending that much??

And comparing our military spending to other nations is total bullshit, especially given that the defense budgets for other nations like Germany, UK, France, Spain, etc are artificially low because of the US military bases/troops that are located there. Those nations get to use all the $$$$$ that they are saving (thanks US taxpayers) towards other things...like the FREE healthcare, FREE college, FREE housing, FREE childcare, etc. You really believe your Hillary would be closing down all our military bases in Germany, UK, France, Spain, etc., now....if ever???

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Response to JoeHill (Reply #3)

Sun Feb 10, 2019, 07:14 PM

36. How is something unfunded,

if we spend money on it and why is the left always looking to cut military spending? Do you have any idea how much of that spending is pork that Dem representatives and senators would would cut off your tallywags before eliminating? You need a new song and dance.

BTW I voted it was a bad faith alert.

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Response to JoeHill (Original post)

Sun Feb 10, 2019, 05:39 PM

5. Still, it's blowing up the national debt, folks

Spending is doing that.

You continue to exhibit childish thinking.

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Response to _eek (Reply #5)

Sun Feb 10, 2019, 05:41 PM

8. The "national debt" thing is new to lefty -- it is their latest lie

 

lefty lies.

Always.

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Response to freedumb2003 (Reply #8)

Sun Feb 10, 2019, 06:21 PM

29. Not at all . . . Clinton-Gore made it a center piece of their policy

 

and in large part succeeded. National Debt vs. GDP went down for the first time since Reagan-Bush blew it up on military spending.

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Response to JoeHill (Reply #29)

Sun Feb 10, 2019, 07:17 PM

37. That was Newt Gingrich and the

Republicans. Clinton got the credit but you certainly must know that it is the House that controls spending and Clinton had 6 years of Rs.

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Response to JoeHill (Reply #29)

Sun Feb 10, 2019, 10:09 PM

40. The house controls the purse strings not the President

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Response to Solesurvivor (Reply #40)

Mon Feb 11, 2019, 11:08 AM

57. Good point. Why didn't the REPUBLICAN House pay down the debt when they could have?

 

2014-2016

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Response to JoeHill (Reply #57)

Mon Feb 11, 2019, 11:13 AM

58. Or the dems 2006 to 2008

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Response to JoeHill (Reply #29)

Mon Feb 11, 2019, 09:38 AM

46. and your guy obozo blew it away worse than any other POTUS

 

show us links where you called for obozo to stop doing that.

Or admit your newly-founds "concern" is just because of "orange man bad" and your mendacity,.

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Response to JoeHill (Original post)

Sun Feb 10, 2019, 05:40 PM

6. It's not blowing up the national debt

Tax revenue is rising and continues to rise. It's not accurate to say revenues have fallen due to the tax cuts.

Spending as always is out of control. Conservative Trump, has added whole bunch of spending,and plans on adding more.

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Response to JoeHill (Original post)

Sun Feb 10, 2019, 05:42 PM

9. I commend your honest post

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Response to JoeHill (Original post)

Sun Feb 10, 2019, 05:49 PM

13. "Still, it's blowing up the national debt, folks."

No its not.
Expenditures are blowing up the national debt.
Federal income has been better than it ever has. Its not the state of federal taxes...its expenditures by the federal government that need to be brought under control
Federal Income from taxation is fine, literally never has been better. Trumps tax plan has worked as far as that is concerned. He proved that lowering taxes can raise Federal income.

https://www.investors.com/politics/editorials/trump-tax-cuts-federal-revenues-deficits/

"The Treasury Department reported this week that individual income tax collections for FY 2018 totaled $1.7 trillion. That's up $14 billion from fiscal 2017, and an all-time high. And that's despite the fact that individual income tax rates got a significant cut this year as part of President Donald Trump's tax reform plan."

We need to cut spending. Now
And that includes entitlement spending;.

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Response to safestuffer (Reply #13)

Sun Feb 10, 2019, 06:07 PM

23. Entitlement spending helps to pay DOWN the debt,

 

because for 40 years, it has taken in more than it paid out.

You want your Soc. Security to be cut to build a fighter we don't need, go for it.

But not me. I want what I earned by paying in all my working life.

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Response to JoeHill (Reply #23)

Mon Feb 11, 2019, 09:49 AM

47. Another fool who thinks SS is welfare/entitlement

 

It is a forced retirement savings plan at the point of a gun.

It also is NOT part of the National Debt.

But if they want to give me back all my "investment" with a reasonable ROI and dissolve the program I am cool with that.

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Response to safestuffer (Reply #13)

Sun Feb 10, 2019, 10:15 PM

42. For the last nine months of FY2018 federal revenues were down $15 billion compared to FY2017.

Federal revenues were up $29 billion for the first three months of FY2018 compared to FY2017.

https://www.fiscal.treasury.gov/files/reports-statements/mts/mts0918.pdf#page=2

When did the tax plan go into effect?

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Response to Isidore (Reply #42)

Mon Feb 11, 2019, 10:35 AM

50. You're just confusing them now.

 

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Response to JoeHill (Original post)

Sun Feb 10, 2019, 05:50 PM

14. In addition

The SALT (State and Local Taxes) and mortgage interest deduction still exist. They were not eliminated in the tax law that became effective in 2018.

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Response to def_con5 (Reply #14)

Sun Feb 10, 2019, 06:08 PM

25. They're still there, but as I understand it, they're worth a lot less now.

 

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Response to JoeHill (Reply #25)

Sun Feb 10, 2019, 10:11 PM

41. Why should the federal govt take a hit because people

Vote in state govts that charge high SALT ?

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Response to JoeHill (Original post)

Sun Feb 10, 2019, 05:54 PM

18. Joe,

Given that federal income is at an all time high due to Trumps tax plan, and your own situation has been drastically improved by Trumps tax plan,

What is your opinion of its success or failure?



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Response to JoeHill (Original post)

Sun Feb 10, 2019, 06:07 PM

22. ''As expected, Trump's tax cuts benefited my spouse and me this year''...love the hypocrisy, LOL!!!

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Response to quad489 (Reply #22)

Sun Feb 10, 2019, 06:10 PM

26. I knew as soon as I heard about it that it would benefit me personally.

 

Because it devalued or eliminated itemized deductions for a bigger standard deduction that I always take.

Where's the hypocrisy? I hate Trump with the white-hot intensity of a thousand burning suns, but his tax plan did save me money.

Big deal. He's still a corrupt asshole.

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Response to JoeHill (Reply #26)

Sun Feb 10, 2019, 06:34 PM

31. ''He's still a corrupt''...link it up.

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Response to JoeHill (Reply #51)

Mon Feb 11, 2019, 01:48 PM

64. Why hasn't the IRS and/or the NYSTA filed any ''tax fraud'' charges against Mr Trump yet?? It's been

over four (4) months now since your totally unbiased source (lol) came out with their story.

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Response to quad489 (Reply #64)

Mon Feb 11, 2019, 03:01 PM

65. Statues of limitations, duh.

 

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Response to JoeHill (Reply #65)

Mon Feb 11, 2019, 07:36 PM

66. There's no ''Statues of limitations, duh'' when the IRS goes after someone for civil tax fraud......

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Response to quad489 (Reply #66)

Mon Feb 11, 2019, 08:52 PM

67. Hey, Linkless . . .

 

https://tax.findlaw.com/tax-problems-audits/what-is-the-irs-statute-of-limitations-or-deadline-for-action-on-.html

"Generally, the statute of limitations for the IRS to assess taxes on a taxpayer expires three (3) years from the due date of the return or the date on which it was filed, whichever is later."

*****

Stop trusting your Fox-based knowledge. It is crap.

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Response to JoeHill (Reply #67)

Mon Feb 11, 2019, 10:32 PM

70. Thanks for the link, you should've read it first before posting your little childish insult.........

"False, Fraudulent, or Missing Returns: No IRS Statute of Limitations

It is also important to note that no deadline applies where the IRS can establish that a taxpayer has: 1) filed a false or fraudulent return; 2) willfully attempted to evade tax; or 3) failed to file a return. Unlike the circumstances above where tax returns are filed (even with errors), these are cases in which a taxpayer is willfully or intentionally not filing taxes or is filing fraudulent return(s). Not only will there be no time limit on IRS action against such taxpayers, but heightened interest fees and penalties will apply."

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Response to quad489 (Reply #70)

Tue Feb 12, 2019, 10:45 AM

72. You should write for the New York Times and set them straight.

 

Obviously, they don't have the deep insights you have.

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Response to JoeHill (Reply #72)

Tue Feb 12, 2019, 01:25 PM

75. Your own source proved you wrong, so tell me again how I used ''Fox-based knowledge'' for it????????

"67. Hey, Linkless . . .

https://tax.findlaw.com/tax-problems-audits/what-is-the-irs-statute-of-limitations-or-deadline-for-action-on-.html

"Generally, the statute of limitations for the IRS to assess taxes on a taxpayer expires three (3) years from the due date of the return or the date on which it was filed, whichever is later."

*****

Stop trusting your Fox-based knowledge. It is crap."

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Response to JoeHill (Original post)

Sun Feb 10, 2019, 06:55 PM

32. You tried this yesterday and was roundly whopped.."Still, it's blowing up the national debt, "

"9. It didn't blow up National Debt....spending did.
Tax revenue increased over fiscal 17.......unfortunately so did RINO spending."

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Response to JoeHill (Original post)

Sun Feb 10, 2019, 07:28 PM

38. You could save hundreds more by switching to GEICO.

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Response to JoeHill (Original post)

Sun Feb 10, 2019, 10:17 PM

43. You stole that money from Salaam. He wants it back.

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Response to JoeHill (Original post)

Mon Feb 11, 2019, 01:26 AM

45. So, send your refund back if it bothers you that much.

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Response to Grumpy Pickle (Reply #45)

Mon Feb 11, 2019, 10:34 AM

49. You Cons have a difficult time with the notion of systematic solutions.

 

It all comes down to individual choices for you people.

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Response to JoeHill (Reply #49)

Mon Feb 11, 2019, 01:10 PM

62. But, why is a.....

....systematic solution required? The tax cuts were passed; you, like most, benefitted. If you feel guilty about your windfall, you can send the ill gotten gains back, no questions asked.

If you don't like the 'individual' aspect of it: start a petition and seek out those who feel as you do and, en masse, make a political statement on your dissatisfaction, and return the monies to the Treasury; thus your guilt will be assuaged.

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Response to JoeHill (Original post)

Mon Feb 11, 2019, 09:50 AM

48. The tax cut is not blwoing up the national debt

Tax revenues were actually up last year. Unfortunately the increases in spending consumed every penny of the increased tax revenues and then some.

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