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The "big" Tax Reform. Where's the truth in this country? As people hide their advantages and look to take advantages. First let me say there's is no such thing as tax reform. It's not going to happen. What there is....... is just lowering or increasing tax rates. The truth is our system has protected itself from. increases or decrease of tax rates and for the majority, it means nothing, It's all rhetoric to incite. when actually doing it has virtually no effect. Tax reform is not about tax rates, it about two things. The fairness as to WHAT is taxable, and the distribution of taxes dollar, to those who Do Not Pay. People need to deal with this, understand this. This is what it's all about. All one has to do to find out what rich people have hidden under the rug. lower the current tax rate, significantly for the wealthy, and corporation, say by 50% Then take away, capital gains, dividends, interest, and reinvestment. Tax all the money that is earned regardless of how it is earned, or how it is spent. It this idea far fetched, Is it Un-American? If we are going to tax, shouldn't we tax all the money that is earned. The fact is we have the higher tax rates than most other countries, because we have reduced what is the taxable dollar. WE have been forced to take more from that which is taxable. Let's do it, let's talk about it. See what happens then...See who supports that...See if something like that can pass. Lower the tax rate, and takeaway the loopholes We have become a country of loopholes, of people taking advantage, and hiding advantages. |
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big did a blog...since I can't respond on his, this is my response.
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You bought into the great lie. Investment money is not double tax now, never has been.. You're just stupid for even saying it. In fact, investment money that has been taxed already, never gets taxed again, Never ever.......... And it gets even worse, the tax code even will refund the tax dollar on the original investment if you sustain a loss. So taxes act to assume risk Capitalism is based on risk Our capitalism which you support, no longer does that Tell me you're not fascist. tell me you're not elitist, tell me you are educated. and I will tell you, like I told big....... our education system is for shit.
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"Not when you earn it, then again when you leave it to your kids", Maisie This is a tougher one. but if you had any brains you would understand the problem. Unrealized gains are not taxed. For example you get to take depreciation on your house, but don't pay taxes on the gain from your house until you realize the gain. So many houses are fully depreciated for tax saving, yet the value of the gain has never been taxed Same with investment, retirement funds, trust funds, etc cetera, etc ceter. it may seems difficult but most inheritances are based on investment gains that have not already been taxed. For the person inheriting, it really the only time that one can think in terms of the original investment being re-taxed Where your faulting thinking lies..... it's not the money being taxed, it's the person earning or acquiring the money that is being taxed. Double taxed always means the SAME PERSON, taxed twice.....not the same money being taxed Again do we need to refer to YOUR education, as being for shit.
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Who the hell cares who put them there.. It's was not any real liberal... you idiot. You are right, getting rid of them, is not going happen. The collusion of the right and left as far making money goes. The lobbyists and the people we send to Washington, and the people who make the choice of our choices, will make sure it doesn't happen. Trump's tax reform will be tax cuts, tax cuts for the wealthy. You talk about things and never understand what you are talking about, you're just ignorant. Lets see..... 2% of the people pay 90% of the taxes. isn't that unfair? Now lets talk about tax cuts........They only way to see it, based on your statements...... is that 98% of the people will receive, just 10% of the tax cuts. So logic say tax cuts will help the middle class????????? Oh Oh, I forgot........ IT WILL TRICKLE DOWN Or is that "trickle down" like the middle class will get pissed on as usual. Donald Trump for the middle class...???????? people actually believe that????? The one thing you are right about..... is our education system is for shit.
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11/20/2016 8:52 am |
As I understand it, Mr. Trump's tax reforms will largely benefit the already rich. Sounds like business as usual.
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What are you agreeing with me? is this a first? I can't stand it.......... I'm so confused. WTF do you mean. What's your point. I can't wait for your explanation of something this obvious. To see how you narrowmindedly twist it, with your stupidity.
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Well I just figured it out... Let me say this..... Money does not get taxed. People get taxed. Money gets taxed six times a year, at least A person gets taxed once Double taxed is not double taxed of the money, it's double taxed of the person who has earned it, spent it, or invested it. The PERSON who invests money that has already been taxed, does not pay taxes on that same money again. Never ever.
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Well let me say... I"m sorry I'm sorry you think our education system is liberal and is for shit, and spend everyday proving it. I'm sorry your stupid, ignorant, and brainless I'm sorry that when you try and piss on me, you just piss on yourself. I'm sorry you're hateful I'm sorry, that you're not sorry, but are a sorry excuse. Will you accept my apology?
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People who do get double and triple taxed. one type I know of, are people on social security. who earn the limit they can earn, before their social security become taxable, and less than the amount earned where ALL social security becomes taxable. say between 10 and 30 thousand dollars a year. relatively low income people. A senior citizen enjoys going to the casino. The casino keeps track of their wins and losses. A person wins a jackpot of lets say 1200.00, but overall for year the casino shows they actually lost money. the 1200.00 is reported to the IRS. The money lost to casino was already taxed, and the money won was just a refund of money already taxed, it was not "new" money. 1200.00 must go on a person Adjusted Gross Income, when in reality it was not income at all, and is taxed that way by the state. and used by the federal government to determine eligibility for certain credits, and is also taxed if not subsequently deducted on a schedule A. Some seniors who don't have house payments or large medicals, and normally take a standard deduction cannot deduct the winning from a schedule A, because it would increase their taxes. Second time it's taxed, is if a person makes the limit allowable for non taxable social security. This non income will increase taxable social security income and will be doubled in the AGI. Without the deduction it will be double taxed, with the deduction it will be single taxed. The crazy part is not only will it be double taxed, but it's actually represents a loss of income that has already been taxed. Basically this non income., is being taxed wrong in the first placed, and then double taxed.
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what I find interesting is not a single person on the right that responded get this. Not a single one. TX gets it...... Now the question is... Is the thought, I am stating political? not to me it isn't.. it's not political, it not a differing political view to argue. It's fact, plain and simple fact. How come no one here on the Right comprehends facts. Interesting it's why I don't like most conservatives. It's not about ideology. It about how your brain works, or in my view doesn't work.
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I see you are one of those that comprehends ALL my responses to you. You need to tell what you would like me to think, from this response. What you are saying to me that you haven't already said..... and i haven't ready responded about. The only thing I am thinking is how stupid it is. keep saying this to yourself... People get taxed not money. Money doesn't get taxed People get taxed. Inheritance is a different person getting taxed, because of an exchange of money. of which some of that money for the granter has not been taxed and some of it has.
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What the heck does the following mean? "So taxes act to assume risk Capitalism is based on risk Our capitalism which you support, no longer does that Tell me you're not fascist Okay idiot face... Our tax code is design to assume risk for investors. That why certain codes came into being. It ancient history and no longer applies. let's try and get rid of that one? Our tax code is design to assume risk for investors. Our tax code is design to assume risk for investors. Our tax code is design to assume risk for investors. Our taxes which you happen to see as only advantages taken by the poor, are just the opposites, they are advantages taken by the rich. The fascist and elitist rich. You can't see it. your ignorant. the economic system should be separate from government. unless you are communist or fascist. Capitalism is designed to be separate from government to work apart from government interference. You agree to that, you believe that, and rightfully should. But your blind and stupid....... Because it's all changed, you think it's changed with liberal interference. You are totally wrong. It changed with capitalism interference... Government facilitating Capitalism. Where it should be separate capitalism now cannot exist without government assistance. Incentives, tax reductions, tariffs, protections, too big to fail bailouts, bribes, job creations, and most important... bailing out the economy. like Obama did.......... Try and take it away from them and see what happens. This isn't political being rich is both Liberal and Conservative, That's why it won't happen. Where once we were a democracy with a capitalist economic system. We are now a Capitalist State, Same as a Fascist State or a Communist State
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Lizst, Look at it this way, We are trillions of dollars in debt, we borrowed trillions of dollars. Where did it go? where did the money we borrowed go? Don't be stupid, and give a stupid answer like it went to the poor and then disappeared. It did not disappear, it went somewhere.
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Litzst let me help you out, with the answer. Okay some of it went to the poor, some of it to build infrastructure, military, subsidies, education, health etc etc.... That's where it was spent, but where did it go? From the poor to the farmer and manufacturer From the infrastructure to the contractor From the military to the weapon makers and developers From the healthcare to the hospitals and doctors. Due to our system.......that which did not go back oversees, ultimately ends up in the hands of the rich of this country. So the government borrows money to make the rich richer. That may not be the intent, but that's what happens.
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