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1 joeyjojojunior   2017 Sep 28, 12:00pm   ↑ like (0)   ↑ dislike (0)     quote        
Did you read the article. Basically they're saying, "Holy Shit is this a great plan. I just can't believe it's true!"
2 me123   2017 Sep 28, 12:29pm   ↑ like (0)   ↑ dislike (0)     quote        
joeyjojojunior says
Did you read the article. Basically they're saying, "Holy Shit is this a great plan. I just can't believe it's true!"


You got that from reading that article, don't think so. You must have been reading something else.
3 Ceffer   2017 Sep 28, 1:24pm   ↑ like (1)   ↑ dislike (1)     quote        
The richest Americans won't win? What kind of offense to the Founding Fathers is this heresy?
4 iwog   2017 Sep 28, 3:01pm   ↑ like (0)   ↑ dislike (0)     quote        
There is actually nothing in that entire article to indicate why the richest Americans aren't going to win with a single exception.

It does state that with the intended plan of removing the state tax deduction, some people in some states (not states without an income tax) might pay a little more because the deduction was removed. However this will likely be more than 100% offset by the outright reduction of tax from 39.6% to 35% in the top tax bracket AND doesn't apply to the vast majority of billionaires who use income-tax-free states to prevent paying that tax in the first place. Also next to things like removing the estate tax, reducing pass through taxes, making capital investments expensible, and all the other outright giveaways to the rich, it's extremely minor.

This appears to be a propaganda piece with the sole purpose of lessening the impact of a massively regressive giveaway to the aristocracy.
5 Heraclitusstudent   2017 Sep 28, 3:16pm   ↑ like (1)   ↑ dislike (1)     quote        
Bloomberg is 100% propaganda and rationalizations offered to plutocrats.
6 bob2356   2017 Sep 28, 4:00pm   ↑ like (1)   ↑ dislike (1)     quote        

President Donald Trump’s tax plan suggests that wealthy Americans could be in line for a boatload of breaks.

Trump’s proposal could be a boon for the top 1 percent of U.S. earner

Owners of enterprises such as hedge funds, private equity or law firms that pay taxes on income passed through their businesses could get a windfall

Some of the wealthiest Americans have spent years lobbying Washington for favorable tax treatment. The new plan appears to grant many of the things they’ve asked for,

The Republican plan “does look like an overall benefit to the wealthy,”


Looks like someone put the wrong headline on the article to me. Since ironbrain only reads the headline I can see where he got all confused.
7 BayAreaObserver   2017 Sep 29, 1:48am   ↑ like (1)   ↑ dislike (1)     quote        
"My tax bill is really terrific, that I can tell you. And there will be winners in my tax bill. Believe me, I'm a winner, you're a winner, we'll all be fantastic winners. Aren't we winners? Win, win, win. Are you tired of winning yet?

Sure, there are losers too. Big losers, like those blue state democrats that acted unfairly and voted for Hillary. What losers. She's a big loser too. Those fake news losers at CNN are hiring her.

They treat me unfairly, that I can tell you. They should kneel around winners like... speaking of kneeling, those NFL guys. Believe me, they're losers, that I can tell you. Big losers, like Rocket Boy. He's a big loser in my tax bill.

My tax bill Alternative Minimums will hit him like a thermonuclear warhead. A big, fantastic, terrific alternative minimum tax nuclear warhead. Thermonuclear AMTs raining down on losers. And he has terrible hair. Loser hair. Not like me.

I'm winning, we're winning, that I can tell you. Gotta go, time to work on Repeal and Replace. Believe me, we have a terrific plan for that. A winning plan. Win, win, win."

8 BayAreaObserver   2017 Sep 29, 2:03am   ↑ like (1)   ↑ dislike (1)     quote        
Tax ‘reform’ for the rich: Trump’s plan abandons his working-class supporters.

The proposal, announced on Sept. 27, does none of these things. Instead, it is a scam not fit to become law of the land because it will enrich the rich, explode the deficit and hurt many middle-class Americans. This may sound like strong language, particularly for an economist, but I’m going to show you why this is no exaggeration.

While some details remain up in the air, Trump has proposed three main changes to our tax code. He wants to repeal the estate tax, simplify the individual tax code and slash the rates corporations pay. Let’s consider each in turn.

Even if Trump’s tax cuts did manage to achieve the 3 percent growth his treasury secretary is currently touting, this would not nearly be enough to offset the cost of the tax cuts. By my calculations, growth would have to be double that to result in enough additional revenue to offset the Trump tax cuts.

Given that economic growth at its best sustained level over the past 75 years averaged only 4 percent (from the 1950s to the 1970s), getting to 6 percent (from the current 2 percent) is unlikely.

That leaves spending cuts and borrowing to pay for a large tax giveaway to the wealthy – both of which would come at the expense of the middle class, a group Trump promised to protect.

If Trump were to choose to cut spending to pay for some or all of it, he would inevitably have to take the money from programs like subsidized student loans and children’s health insurance programs that benefit middle-class Americans. And if he were to borrow the money, the increased debt levels would likely drive up borrowing costs on everything from car loans to mortgages, which would also hurt the middle class.


Full Article: http://theconversation.com/tax-reform-for-the-rich-trumps-plan-abandons-his-working-class-supporters-84871
9 Tenpoundbass   2017 Sep 29, 9:36am   ↑ like (0)   ↑ dislike (0)     quote        
Why is Democracy a Competitive sport with you people?

All you idiots do is bitch that someone might benefit from a policy that you don't qualify for, nor were the intended target of.
Why don't you fuckers just try to get polity accomplished that addresses your concerns and leave those that are getting theirs alone?

I don't get it, we've been a very petty shallow nation for a long long time. Had I known the Millennials were going to turn out like they did, I would have beaten you Idiots back sooner.

Just like the Trump hate, I used to say throughout the 90's everyone loves it when they Hear Trump is going bankrupt and then bitch like hell when he rebounds. Worry about your own finances assholes.
10 joeyjojojunior   2017 Sep 29, 9:38am   ↑ like (1)   ↑ dislike (1)     quote        
Tenpoundbass says
Just like the Trump hate, I used to say throughout the 90's everyone loves it when they Hear Trump is going bankrupt and then bitch like hell when he rebounds. Worry about your own finances assholes


OK--this tax plan sucks because it will kill US growth and that will eventually affect my finances.

Does that work for you?
11 iwog   2017 Sep 29, 9:39am   ↑ like (1)   ↑ dislike (1)     quote        
Tenpoundbass says
Why is Democracy a Competitive sport with you people?


Oh god the irony!!!

Tenpoundbass says
All you idiots do is bitch that someone might benefit from a policy that you don't qualify for, nor were the intended target of.


It's a zero sum game dipshit. Are you going to create another continent in the middle of the Pacific ocean so all the land and natural resources can be doubled? No? Then giving the rich more means you get less. I wasn't kidding and you should take this to heart; I will pay ZERO TAXES over at least the next 10 years if Trump gets his tax plan. None. Zero. Nada. It wasn't even hard figuring out, just apply my new right to expense capital investments to my income and PRESTO!

So how does it feel knowing that someone who lives in a $2 million house will not have to pay a penny in federal taxes if you get your way? How much will you pay?
12 me123   2017 Sep 29, 1:45pm   ↑ like (0)   ↑ dislike (0)     quote        
joeyjojojunior says
this tax plan sucks because it will kill US growth and that will eventually affect my finances.


You're confusing that with the 8 years of Obama. That was the GDP those 8 years?
13 iwog   2017 Sep 29, 2:28pm   ↑ like (0)   ↑ dislike (0)     quote        
me123 says
You're confusing that with the 8 years of Obama. That was the GDP those 8 years?


No Piggy. You're too stupid to know this but the GDP rose every year Obama was president.
14 anonymous   2017 Oct 3, 6:10am   ↑ like (0)   ↑ dislike (0)     quote        
Heh, heh, Poxxy, what ya gonna cry about now?

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