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Never attempt to teach a pig to sing; it wastes your time and annoys the pig.
Robert Heinlein
Give a man an inch and right away he thinks he's a ruler
Groucho Marx
I love mankind…it’s people I can’t stand.
Linus, from the Peanuts comic
You cannot have liberty without morality and morality without faith
Alexis de Torqueville
Those who fail to learn from the past are condemned to repeat it.
Those who learn from the past are condemned to watch everybody else repeat it
A Zero Hedge comment
Never attempt to teach a pig to sing; it wastes your time and annoys the pig.
Robert Heinlein
Give a man an inch and right away he thinks he's a ruler
Groucho Marx
I love mankind…it’s people I can’t stand.
Linus, from the Peanuts comic
You cannot have liberty without morality and morality without faith
Alexis de Torqueville
Those who fail to learn from the past are condemned to repeat it.
Those who learn from the past are condemned to watch everybody else repeat it
A Zero Hedge comment
No they are a bunch of idiots running around smelling Trumps farts saying that they smell good. They have become dangerous because Trump is controlled opposition and there is nothing that Trump will do that they will not fight for. Trump could start war with China tomorrow and they would cheer.
Trump hasn't needed to start any wars, though he keeps threatening to start a few. And he has intensified the drone bombings that took place in the Obama years, killing four times as many innocent people than Obama managed in the same time. By your logic Obama was a great President because he never started a war, only bombed places.
Trump hasn't lowered taxes. No one effectively paid a 37% tax rate. Anyone with money enough to have to also had enough money to hire people to find them the legal loopholes out of doing so, as Trump knows so well form investing in real estate. Bringing that highest tier by 2% doesn't change anything. Everything else he did was simply fiddle with the tax thresholds. If anything large families will be punished because the Trump tax plan eliminates personal exemptions. People with more children will see their tax returns shrink and tax rates effectively rise. Single fathers will see their taxes increase as they are no longer able to get exemptions on the alimony they pay. They also limited exemptions and deductions for paying property taxes, meaning property owners will see their taxes rise and returns shrink. The only think that is a real tax cut is the corporate tax rate is lowered. This is a positive. But everything else is either not a cut or just fiddling with the color of the paint.
And whatever marginal benefits you or I might see is more than offset by the Trump budget, which increases government spending without limit. He proposed budget will lead to more government spending with less revenue. The only way to pay for such a plan is by increasing borrowing and printing more money, itself a hidden tax that destroys the wealth of the masses and especially harms the elderly and disabled living on fixed incomes as they see inflation eat away at the worth of their money.
The budget proposes to increase government spending from $4 trillion today to $5.7 trillion in 2027. That's $1.7 trillion more over the next decade, but in Washington this is described as "budget cuts." Any normal person, looking at an increase of this magnitude, would say that this constitutes an increase.
Looking at individual programs, it is misleading to state that spending on Medicaid programs will be cut, as many did this morning. The new budget proposes to increase federal Medicaid spending from $378 billion a year today to $524 billion a year in 2027. It shows how far removed Washington is from everyday Americans for this increase of $146 billion to be called a cut.
The fundamental problem is that special interests are addicted to the rising path of spending. Altering this path by increasing spending at a slower rate always opens change-makers to extraordinary attacks, as we have seen today.
Some other programs that are similarly described as cuts will also increase. Consider, for example, the Department of Agriculture's Child Nutrition Programs. The program had outlays of $23 billion in 2017, and President Trump has proposed for spending to rise to $34 billion in 2027, a 47% increase. True, this is less than the $29 billion increase that Congress has allocated. But it is still an increase.
Then, consider the Department of Health and Human Services' Child Support and Family Support Programs, which Trump proposes to increase from $4 billion in 2017 to $5 billion in 2027, a 25% increase. Yes, $840 million has been trimmed from Congress' prior plans, but the program is still getting more funding.
President Trump wants to increase funding from $61 billion in 2017 to $76 billion in 2027 for the Earned Income Tax Credit program, which supplements incomes of low earners and is administered by the Internal Revenue Service. Yes, $1 billion is cut from the baseline, but spending is still rising.
https://www.investors.com/politics/c...lly-increases/
As for another war or two, if you want to straw man, you defending Republicans must mean you think this is the way we should treat little children:
But then again, why should I be surprised, you're on here defending scum like Donald "Lets murder all the innocent family members of anyone we label a 'terrorist'" Trump and Mitch "Endless War" McConnell is somehow better in anyway.
My taxes are going down in the four figure range, so are specs.. Did you see the thread with the link that had the tax savings calculator? I'll bet you are getting a tax break, too.
Trump never said anything about murdering innocent family members of terrorists.
"He's talkin' to his gut like it's a person!!" -me
"dumpster diving isn't professional." - angelatc
"You don't need a medical degree to spot obvious bullshit, that's actually a separate skill." -Scott Adams
"When you are divided, and angry, and controlled, you target those 'different' from you, not those responsible [controllers]" -Q
"Each of us must choose which course of action we should take: education, conventional political action, or even peaceful civil disobedience to bring about necessary changes. But let it not be said that we did nothing." - Ron Paul
"Paul said "the wave of the future" is a coalition of anti-authoritarian progressive Democrats and libertarian Republicans in Congress opposed to domestic surveillance, opposed to starting new wars and in favor of ending the so-called War on Drugs."
A married couple with 3 kids that gross 45k would have 7.35% of their wages withheld totaling $3307.50. When they file their return they get a $6000 child credit. They have a zero tax liability and get a refund that exceeds what they paid.
Summary Table
Estimated Tax Analysis
Gross income
(subject to personal rates) $45,000
Taxable Pass-Through Income + $0
Qualified plan contributions - $0
Adjusted gross income = $45,000
Standard/Itemized deductions - $24,000
Taxable income = $21,000
Tax liability before credits
(includes taxes on pass-through income) $2,139
Child tax credits - $6,000
Family tax credits - $0
Estimated tax liability = $0
Refundable Child Tax Credit $3,861
https://www.calcxml.com/calculators/...r?skn=#results
Pfizer Macht Frei!
Openly Straight Man, Danke, Awarded Top Rated Influencer. Community Standards Enforcer.
Quiz: Test Your "Income" Tax IQ!
Short Income Tax Video
The Income Tax Is An Excise, And Excise Taxes Are Privilege Taxes
The Federalist Papers, No. 15:
Except as to the rule of appointment, the United States have an indefinite discretion to make requisitions for men and money; but they have no authority to raise either by regulations extending to the individual citizens of America.
FICA & Medicare are what add to the 7.35% mentioned. The employer pays half employee pays the other half.
With that scenario, the worker gets back every penny paid in and a couple of hundred extra dollars.
**Edit**Looks like that might have gone up a little since I remembered.
a 6.2 percent Social Security tax; and
a 1.45 percent Medicare tax (the “regular” Medicare tax).
Total would be 7.65% each for both employer and employee.
So in the illustration mentioned total withholding for the employee would be $3442.5 @ the rate of 7.65%
They pay no tax and receive a Refundable child tax credit of $3861
The pay absolutely no tax of any kind and get paid $418.5
Last edited by Schifference; 01-09-2018 at 03:43 PM.
Pfizer Macht Frei!
Openly Straight Man, Danke, Awarded Top Rated Influencer. Community Standards Enforcer.
Quiz: Test Your "Income" Tax IQ!
Short Income Tax Video
The Income Tax Is An Excise, And Excise Taxes Are Privilege Taxes
The Federalist Papers, No. 15:
Except as to the rule of appointment, the United States have an indefinite discretion to make requisitions for men and money; but they have no authority to raise either by regulations extending to the individual citizens of America.
Pfizer Macht Frei!
Openly Straight Man, Danke, Awarded Top Rated Influencer. Community Standards Enforcer.
Quiz: Test Your "Income" Tax IQ!
Short Income Tax Video
The Income Tax Is An Excise, And Excise Taxes Are Privilege Taxes
The Federalist Papers, No. 15:
Except as to the rule of appointment, the United States have an indefinite discretion to make requisitions for men and money; but they have no authority to raise either by regulations extending to the individual citizens of America.
Never attempt to teach a pig to sing; it wastes your time and annoys the pig.
Robert Heinlein
Give a man an inch and right away he thinks he's a ruler
Groucho Marx
I love mankind…it’s people I can’t stand.
Linus, from the Peanuts comic
You cannot have liberty without morality and morality without faith
Alexis de Torqueville
Those who fail to learn from the past are condemned to repeat it.
Those who learn from the past are condemned to watch everybody else repeat it
A Zero Hedge comment
Agreed.
I highly doubt that if that tax was eliminated employers would give employees a 7.65% raise.
I think Rand wanted to eliminate the employee portion and charge a flat percentage tax to everyone. I don't know the particulars his plan entailed. As you can see in the scenario I presented the employee got back all the FICA tax that was withheld on their behalf and then some and paid zero tax. They are also eligible to collect Social Security if the program still exists.
Another factor that could exist in that scenario is the family would be considered pretty darn low income/poor. If they pursued it they could probably get free health care, food stamps, heating assistance, and possibly housing.
All those entitlements become enticing. Do people want to pull the cart or ride in it?
Last edited by Schifference; 01-09-2018 at 03:53 PM.
Rand would shift that portion to businesses and he would raise the retirement age.
Mine is unique in the sense that my tax plan actually gets rid of the payroll tax as well. It shifts it to the business, and it would allow middle class people to get a tax cut.http://www.ontheissues.org/Economic/...l_Security.htmI've chosen to get rid of the whole thing, and have one single rate, 14 and a-half percent for everybody, business, and for corporate income, and personal income.
If business is picking up the half you were paying, they don't have any more money to pass along to you (assuming they would want to and not retain any higher profits to themselves).
Last edited by Zippyjuan; 01-09-2018 at 04:06 PM.
Pfizer Macht Frei!
Openly Straight Man, Danke, Awarded Top Rated Influencer. Community Standards Enforcer.
Quiz: Test Your "Income" Tax IQ!
Short Income Tax Video
The Income Tax Is An Excise, And Excise Taxes Are Privilege Taxes
The Federalist Papers, No. 15:
Except as to the rule of appointment, the United States have an indefinite discretion to make requisitions for men and money; but they have no authority to raise either by regulations extending to the individual citizens of America.
Your taxes aren't going down. You're getting a Keynesian government "investment" to be paid off by increased debt spending, money printing, and borrowing- all of which Ron Paul has called the most insidious tax of all because it is a hidden tax that destroys the wealth and degrades the worth of every person.
As for Trump talking about murdering families of terrorists:
Which he promptly began to do, murdering and slaughtering women and children in drone attacks and military bombings.“The other thing with the terrorists is you have to take out their families, when you get these terrorists, you have to take out their families,” Trump said during an appearance on Fox News' “Fox and Friends” in December 2015. “They care about their lives, don't kid yourself. When they say they don't care about their lives, you have to take out their families.”
https://www.washingtonpost.com/news/...=.92183d9dbabd
But you keep apologizing, supporting, and defending him. Apparently you hav eno problem with supporting a person who purposefully targets and kills civilians, women, and children.
Start off, everything said I was true irregardless of the additional Keynesian multipliers you are able to get. Your actual taxes aren't going down. You're getting a Keynesian government "investment" to be paid off by increased debt spending, money printing, and borrowing- all of which Ron Paul has called the most insidious tax of all because it is a hidden tax that destroys the wealth and degrades the worth of every person. It is all smoke and mirrors.
"He's talkin' to his gut like it's a person!!" -me
"dumpster diving isn't professional." - angelatc
"You don't need a medical degree to spot obvious bullshit, that's actually a separate skill." -Scott Adams
"When you are divided, and angry, and controlled, you target those 'different' from you, not those responsible [controllers]" -Q
"Each of us must choose which course of action we should take: education, conventional political action, or even peaceful civil disobedience to bring about necessary changes. But let it not be said that we did nothing." - Ron Paul
"Paul said "the wave of the future" is a coalition of anti-authoritarian progressive Democrats and libertarian Republicans in Congress opposed to domestic surveillance, opposed to starting new wars and in favor of ending the so-called War on Drugs."
To be fair, Pence reportedly had planned to team up widely respected neocon Condi Rice.
Pence told RNC he could replace Trump on ticket after 'Access Hollywood' tape came out: report
Vice President Pence reportedly told the Republican National Committee (RNC) that he could replace President Trump on the ballot after the "Access Hollywood" tape surfaced last year.
The Atlantic reported that Pence made clear to the RNC that he could assume the position of the party's nominee.
At the time, there was reportedly talk about making Pence the nominee and former secretary of State Condoleezza Rice his running mate.
http://thehill.com/homenews/administ...t-after-access
MAGA Allies: 'Bully Israel with undeclared nukes steals land'
Dangerous conspiracy theories on Right claim MAGA fake frontgroup
Poll: Should US apologize for financing radicalization of Afghan children in 80s?
Obama-Clinton Years: A Violent Chapter in World History
Trump: If (Neocon) Adelson Backs Rubio "He'll Have Total Control" Over Him
Delta variant, death of 9 Chinese engineers in terror attack led to airport chaos & quick Kabul fall?
Hard to tell, but if it did happen, probably would be over "corruption" or "obstruction of justice". His ties to Kushner could cost him if reports about his financial dealings are factual.
Trump-Kushner corruption ‘will move front and center this year,’ reporter tells MSNBC
Travis Gettys
11 Jan 2018
Michael Duffy (MSNBC)
President Donald Trump has raised alarms with his authoritarian tendencies — but maybe there’s another word that could be used to describe his anti-democratic urges.
MSNBC’s “Morning Joe” hosted Time deputy managing editor Michael Duffy, who wrote the magazine’s cover story this week on Trump’s first year in office, and USA Today senior politics reporter Heidi Przybyla asked him about the president’s business dealings.
“We’ve talked a lot about 2017, things being autocracy, authoritarianism, but looking forward to 2018, how much do you think the word kleptocracy should start to become part of this discussion?” Przybyla said.
She pointed to her newspaper’s new report Trump companies selling $35 million in real estate last year — mostly to secretive shell companies that Przybyla said opened the president up to influence peddling.
https://www.rawstory.com/2018/01/tru...r-tells-msnbc/
Last edited by enhanced_deficit; 01-13-2018 at 12:09 PM.
MAGA Allies: 'Bully Israel with undeclared nukes steals land'
Dangerous conspiracy theories on Right claim MAGA fake frontgroup
Poll: Should US apologize for financing radicalization of Afghan children in 80s?
Obama-Clinton Years: A Violent Chapter in World History
Trump: If (Neocon) Adelson Backs Rubio "He'll Have Total Control" Over Him
Delta variant, death of 9 Chinese engineers in terror attack led to airport chaos & quick Kabul fall?
Yet he is still spending billions more than the government has.
The Tax Cuts and Jobs Act (TCJA) signed into law on December 22, 2017 promises no relief from one big tax on income — the inflation tax. Quite the contrary, there are strong grounds to expect this burden to increase as new and unannounced methods of collection evolve further.
https://mises.org/wire/gops-tax-refo...-inflation-tax
"He's talkin' to his gut like it's a person!!" -me
"dumpster diving isn't professional." - angelatc
"You don't need a medical degree to spot obvious bullshit, that's actually a separate skill." -Scott Adams
"When you are divided, and angry, and controlled, you target those 'different' from you, not those responsible [controllers]" -Q
"Each of us must choose which course of action we should take: education, conventional political action, or even peaceful civil disobedience to bring about necessary changes. But let it not be said that we did nothing." - Ron Paul
"Paul said "the wave of the future" is a coalition of anti-authoritarian progressive Democrats and libertarian Republicans in Congress opposed to domestic surveillance, opposed to starting new wars and in favor of ending the so-called War on Drugs."
REVIEW: GRAMMYS Tone-deaf, out of touch mess...
DID HILLARY POISON SHOW?
This is crazy merger of politics and entertainment by hollywood.
https://www.youtube.com/watch?v=-Tk65hgjTwM
MAGA Allies: 'Bully Israel with undeclared nukes steals land'
Dangerous conspiracy theories on Right claim MAGA fake frontgroup
Poll: Should US apologize for financing radicalization of Afghan children in 80s?
Obama-Clinton Years: A Violent Chapter in World History
Trump: If (Neocon) Adelson Backs Rubio "He'll Have Total Control" Over Him
Delta variant, death of 9 Chinese engineers in terror attack led to airport chaos & quick Kabul fall?
Where'd you hear that? Spending for CY 2016 = 3.82T, CY 2017=4.02T
https://fred.stlouisfed.org/series/MTSO133FMS
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