Replies: 35
| visibility 1
|
Orange Blooded [4365]
TigerPulse: 80%
Posts: 8370
Joined: 1/4/17
|
Thanks to the Trump tax cuts for the wealthy
Feb 24, 2020, 11:18 PM
|
|
|
the ultra-rich now pay a lower percentage of their money in taxes than do the poor.
|
|
|
|
Orange Blooded [4365]
TigerPulse: 80%
Posts: 8370
Joined: 1/4/17
|
Re: Thanks to the Trump tax cuts for the wealthy
Feb 24, 2020, 11:21 PM
|
|
|
Sorry, the first file went a bit haywire.
|
|
|
|
|
Orange Blooded [4365]
TigerPulse: 80%
Posts: 8370
Joined: 1/4/17
|
|
|
|
|
Orange Blooded [2370]
TigerPulse: 64%
Posts: 1291
Joined: 11/30/98
|
Thank goodness for Trump and the rich
Feb 25, 2020, 12:04 AM
|
|
The rich basically support America.
I hope they pay an ever lower percentage in taxes in the coming years.
America is a dying nation. Thank goodness for President Trump that he has stopped, at least temporarily, the downward slide of America. Hoping he can put 1-2 more Supreme Court justices on before he is gone. That will help. A little.
Take a GOOD look at the Democrat party today and who it is comprised of and what they espouse. Exactly....
Sadly, though, America is moving towards socialism. That is inevitable. Do the math. Demographics bring just one reason why.
The cry of, “Gimmie my free stuff” is strong now. Eventually, it will win out. Then, a Civil War.
I encourage everyone to prepare for what is coming to America. Arm yourselves. Trump may win in 2020 and I pray he does. But, after Trump, it is over.
Prepare now. It is coming...
|
|
|
|
|
CU Medallion [57156]
TigerPulse: 100%
Posts: 39697
Joined: 11/12/04
|
It actually looks fair for the first time with
Feb 25, 2020, 12:52 AM
|
|
those that pay paying about the same percentage. Even though this is ignoring the half of the US that pays no Federal income tax at all.
CBS news says the US income tax system is “supposed to be progressive.” Oh really. Is that what it says in the Constitution?
You think maybe these Berkeley tools might have a bias?
|
|
|
|
|
Varsity [233]
TigerPulse: 74%
Posts: 122
Joined: 9/27/18
|
Re: Thank goodness for Trump and the rich
Feb 25, 2020, 2:28 AM
[ in reply to Thank goodness for Trump and the rich ] |
|
Take a deep breath, bro. It’s all going to be ok...
I know the answer (just asking for my liberal friend) but, what are we “arming ourselves” for?
|
|
|
|
|
All-In [30836]
TigerPulse: 100%
Posts: 22880
Joined: 11/1/03
|
|
|
|
|
All-In [25008]
TigerPulse: 100%
Posts: 32316
Joined: 2/15/09
|
good grief
Feb 25, 2020, 5:31 AM
[ in reply to Thank goodness for Trump and the rich ] |
|
Fox News really has successfully brainwashed an entire demographic with the “socialism” scare word.
|
|
|
|
|
Orange Blooded [3507]
TigerPulse: 100%
Posts: 4149
Joined: 9/27/14
|
Re: good grief
Feb 25, 2020, 6:21 AM
|
|
Socialists have scared people with socialism, and the fact it has never worked anywhere it's been tried. Fox News hasn't said anything that Sanders hasn't said himself already.
|
|
|
|
|
Orange Blooded [4365]
TigerPulse: 80%
Posts: 8370
Joined: 1/4/17
|
Re: good grief
Feb 25, 2020, 11:15 AM
|
|
Could we try to come to some reasonable agreement about what socialism really means before we decide to be afraid of it?
|
|
|
|
|
Oculus Spirit [93673]
TigerPulse: 100%
Posts: 95423
Joined: 12/25/09
|
You define it for us.***
Feb 25, 2020, 11:29 AM
|
|
|
|
|
|
|
Oculus Spirit [93673]
TigerPulse: 100%
Posts: 95423
Joined: 12/25/09
|
|
|
|
|
Rock Defender [53]
TigerPulse: 90%
Posts: 35
Joined: 11/30/98
|
|
|
|
|
CU Medallion [53246]
TigerPulse: 100%
Posts: 21824
Joined: 11/16/05
|
|
|
|
|
Orange Blooded [2420]
TigerPulse: 72%
Posts: 4108
Joined: 4/12/10
|
|
|
|
|
Recruit [98]
TigerPulse: 84%
Posts: 80
Joined: 12/22/19
|
Re: Thanks to the Trump tax cuts for the wealthy
Feb 25, 2020, 12:45 AM
|
|
Are you even familiar with these economists? Do you fully understand the basis behind the arguments on both sides of the fence here? The tax is not Income tax rates. Income Tax is progressive. Anyone and I mean you included can lower your tax burden in the same way the wealthy are depicted in this study. The opportunities are there for all. Take for example our great cross generational Warren Buffet who pays very little taxes compared to his wealth which is around $90 billion. He started a company that does not pay out dividends to the stock holders. His wealth and anyone that chose to invest with him is tax deferred. So his billions of growth in net wealth has basically never paid taxes and only when he sells his shares. Goes for most billionaires. All people have this choice but only the minority of those who wish to tighten their belt and invest over their life time starting at an early age typically can amass a fortune to skew the results but everyone has the opportunity. People in the US do not live below their means so they can invest. Is that my fault or your fault or Warren's ( democrat by the way) fault? People need to be economically responsible for their own future and not rely on the government. You each have a vote unless you are a convicted felon vote for change. We all have choices. Not everyone is entitled to make the same pay as it should be those that work harder and want to improve themselves have the opportunity to do great things in the US. Many of the wealthiest took great risk to make their fortunes which typically create jobs and improve the economy. The good they create can not only be judged on individual taxes. Bill Gates is wealthy and yet look at the amount of taxes are paid by Microsoft employees. Is this not a huge benefit to the country? Don't all studies are displayed to give a result of choice. Just be open minded.
|
|
|
|
|
CU Medallion [57156]
TigerPulse: 100%
Posts: 39697
Joined: 11/12/04
|
Go Tigers!!!***
Feb 25, 2020, 12:46 AM
|
|
|
|
|
|
|
All-In [30836]
TigerPulse: 100%
Posts: 22880
Joined: 11/1/03
|
Re: Thanks to the Trump tax cuts for the wealthy
Feb 25, 2020, 3:40 AM
|
|
|
|
|
|
|
Orange Blooded [2065]
TigerPulse: 100%
Posts: 2095
Joined: 9/4/09
|
Re: Thanks to the Trump tax cuts for the wealthy
Feb 25, 2020, 4:48 AM
|
|
This past week I visited one of my company’s sites in NC where the work force is primarily Mexican Immigrants. I was shocked to see that some of them wore MAGA hats and the vast majority are Trump supporters. When I ask them why, they said they are making more money now than they ever have and their 401ks are growing like wild fire. These guys aren’t wealthy by far, with the average salary being around 40-50k, but they definitely recognize they are financially better today than they were 4 years ago.
|
|
|
|
|
All-In [40936]
TigerPulse: 100%
Posts: 42955
Joined: 11/30/98
|
I'm an engineer in construction
Feb 25, 2020, 6:18 AM
|
|
I've been in business 26 years. My company is the smallest it has been since year 2. The last three years have been my best years ever. Most of my employees bonuses the last three years have been larger than the entire company's bonuses used to be.
We've been building industrial and manufacturing buildings that were just plain non existent 5 years to 20 years ago. Some of those jobs and businesses that we exported are coming back.
|
|
|
|
|
Trainer [35]
TigerPulse: 84%
Posts: 26
Joined: 7/16/19
|
Re: Thanks to the Trump tax cuts for the wealthy
Feb 25, 2020, 5:04 AM
|
|
Are you for real Dude? No where else in the world does the everyday blue collar man, woman have as great of an opportunity to make it big as in this wonderful country. Stop worrying about the rich, get off your ### and go for it. Its there for the taking unless of course, you want some rich man to give it to you.Maybe dignity for oneself is not your bag. Lol
|
|
|
|
|
110%er [5395]
TigerPulse: 100%
Posts: 3160
Joined: 9/25/18
|
Re: Thanks to the Trump tax cuts for the wealthy
Feb 25, 2020, 5:24 AM
|
|
So I switched my browsing to tigernet to check out what happened at Clemson yesterday. Was surprised to see this post. When talking about taxes, just remember that roughly 50 percent of people (the poor) do not pay any federal income taxes.
|
|
|
|
|
Orange Blooded [4745]
TigerPulse: 100%
Posts: 8641
Joined: 2/7/02
|
Amen, after typically only paying around $1-2K in federal
Feb 25, 2020, 5:40 AM
|
|
tax each April, the Trump Tax "Cut" turned my federal tax payment last April to $15,500. I still received an $800 refund in SC State tax.
Thanks Trump! This year I have added a $700 extra deduction for all 26 paychecks every two weeks, just to ease the April 15th pain this year.
|
|
|
|
|
All-In [40936]
TigerPulse: 100%
Posts: 42955
Joined: 11/30/98
|
you need a new accountant
Feb 25, 2020, 6:24 AM
|
|
or you made a lot more money. Tax rates went down, that is a fact. If elimination of your itemized deductions caused an increase in tax of $15,500, then you have a lot of "stuff".
|
|
|
|
|
Orange Blooded [4745]
TigerPulse: 100%
Posts: 8641
Joined: 2/7/02
|
I have a tax attorney. Nothing changed in my
Feb 25, 2020, 6:56 AM
|
|
income from paying $1k in federal tax in April before the Trump tax cut to the year after, other than the tax cut.
I max out my 401K each year and give to charities.
|
|
|
|
|
All-In [40936]
TigerPulse: 100%
Posts: 42955
Joined: 11/30/98
|
There are no income brackets that had increased tax rates
Feb 25, 2020, 9:32 AM
|
|
using a tax attorney instead of an accountant is not a good idea.
|
|
|
|
|
Oculus Spirit [81078]
TigerPulse: 100%
Posts: 56152
Joined: 9/13/04
|
I had a similar outcome.
Feb 25, 2020, 11:18 AM
|
|
Not a $15.5K outcome, but about a $5K payment in April, when it years past it was only $1-2K in April. Basically, what I found the tax cut to do was to eliminate all my deductions (except for teh standard deduction), and simply redistribute when I had to pay for them. So essentially, my tax bill did go up.
|
|
|
|
|
All-In [31907]
TigerPulse: 100%
Posts: 37199
Joined: 11/22/03
|
|
|
|
|
Orange Blooded [3507]
TigerPulse: 100%
Posts: 4149
Joined: 9/27/14
|
As they should. They are the ones employing the "poor."***
Feb 25, 2020, 6:22 AM
|
|
|
|
|
|
|
Orange Blooded [4754]
TigerPulse: 100%
Posts: 5125
Joined: 9/14/02
|
Re: Thanks to the Trump tax cuts for the wealthy
Feb 25, 2020, 6:35 AM
|
|
Absolutely the wrong board for political whining. Most folks come to Tigernet to escape all the nonsense we see and hear all day long. There are plenty of other places for you to whine about the rich getting richer; just don't make it here.
|
|
|
|
|
All-In [27366]
TigerPulse: 100%
Posts: 26233
Joined: 9/19/11
|
|
|
|
|
110%er [6982]
TigerPulse: 100%
Posts: 6355
Joined: 9/21/04
|
I don’t normally chime in on this sort of stuff
Feb 25, 2020, 6:38 AM
|
|
But I feel like an offer a different perspective . By any measure I am a wealthy American and a business owner . I currently pay a lower tax rate my employees . However the overall amount of tax I pay is more than three times the amount my employees pay. If taxes were in the crease, say 10% on the wealthy, then I would pay almost 5 times more overall than my employees pay. How is this fair?
No one should confuse this republican tax cut with a “ Trump” tax cut. Any modern Republican is going to cut taxes for the wealthy, that is what they do. Trump is a deplorable human being and a tyrant, And if you support him because he put a little more money in your pocket, then you have no moral compass. Unfortunately his clown show is what the republican party wanted in 2016
|
|
|
|
|
110%er [5436]
TigerPulse: 88%
Posts: 11913
Joined: 9/23/01
|
Re: I don’t normally chime in on this sort of stuff
Feb 25, 2020, 6:56 AM
|
|
You such a moron. Did bush cut taxes like trump ? I guess you would love to see obummer or the killing Clinton’s in office ?? Deplorable lol yep that’s a Clinton word
|
|
|
|
|
All-In [40936]
TigerPulse: 100%
Posts: 42955
Joined: 11/30/98
|
Very interesting
Feb 25, 2020, 9:36 AM
[ in reply to I don’t normally chime in on this sort of stuff ] |
|
I too am a business owner. My salary is actually higher than any of my employees and that puts me in a higher tax bracket than any of them. At the end of the year, whatever profit is made is given out in bonuses that are taxed as well.
|
|
|
|
|
All-TigerNet [10871]
TigerPulse: 100%
Posts: 12937
Joined: 4/18/12
|
I’d imagine no one voted Trump in because he reminded them of
Feb 25, 2020, 11:38 AM
[ in reply to I don’t normally chime in on this sort of stuff ] |
|
Mother Teresa. They voted a billionaire in that hopefully wouldn’t be swayed by lobbyists. They didn’t want another politician posing for the camera, lining their pockets and family’s pockets with money. Sound familiar?
At the very least, they wanted to put a bull in a China shop and let the azhats helping run the country get a taste of their own medicine.
|
|
|
|
|
Oculus Spirit [93673]
TigerPulse: 100%
Posts: 95423
Joined: 12/25/09
|
Self righteousness gone wild up in here.***
Feb 25, 2020, 9:39 AM
|
|
|
|
|
|
Replies: 35
| visibility 1
|
|
|