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MrsJoe 76F
17306 posts
12/6/2017 7:05 am

A tax cut is a tax cut. I want to know how it will affect me and I don't give a rat's azz how it affects those more wealthy than me. I have no rich envy or hate, and I laugh at those RICH lawmakers who say it is a benefit to the rich. So what?

BTW, I read that retired folks on SS will be getting a 2% raise ..... of course, Medicare rising premiums and other cost increases will use it up, but hey! This is the first COLA we have seen in a few years, so it must be a sign that the economy is improving for the first time in those years.


Be a prism, spreading God's light and love, not a mirror reflecting the world's hatred.


jiminycricket1 73M
13732 posts
12/6/2017 2:49 pm

Now is that Alternative Facts, or Alternative Math?

Someone who pays ten dollars in taxes will not have to pay anything..

so those who pay ten dollars will get a 100% reduction in tax!

Somewhere your math is off...
Lets take these two.

Average salary: $194,350
Current tax: $44,488
Tax under the Senate plan: $40,092
Percent tax cut: 9.9%

Average salary: $269,600
Current tax: $68,935
Tax under the Senate plan: $65,900
Percent tax cut: 4.4%

You can be that stupid to not know your own figures... It's a lie.

The difference in total income is $75, 000
The difference in tax savings is $25,000

That's a third of the increase of income in TAX SAVINGS! Now you're going to believe the guys making 269,000 when he complains he only gets a 4.4& tax reduction.
check your math!
there's is no such thing as alternative math?


jiminycricket1 73M
13732 posts
12/6/2017 4:09 pm

The effective tax rate is the rate that applies to the dollar added.
In the case above the effective tax of the higher income is 33%
The tax rate of the lower income is approximately 20%. So a 4.4 percentage deduction means nothing compared to the effective tax rate.

The direct tax rate reduction is not applicable.
the higher income is taking a 13% rise in taxes, not a 4.4 percent reduction..

That's seems real bad for the higher income. but in reality the higher income actually has a far less effective income..especially because the new tax cuts.

Things such as removing alternative minimum and having a capital gains tax rate reduces the 33% effect rate substantially. The reduction in alternative minimum tax alone can make up for the tax increase, and also the deduction can be applied to the highest tax rate, allowing the taxpayer to pay only the lower tax rate of capital gains.
In reality, for most in the income brackets you have done. the higher income will actually pay a lower rate than the 20% the lower income pays.

What you DON"T into consideration is the ability of higher incomes to reduce their taxable income, where the middle class can not. Taxable income is the key... not the rate The guy that has that taxable income of 269,000, may in actuality have an total dollar income of a million.

So a direct line % reduction in total tax really doesn't mean anything. Unless you can compare apples to apples and tax rates, and taxable income to total income.


jiminycricket1 73M
13732 posts
12/7/2017 3:56 am

    Quoting  :

Well...... rich people don't just make a salary.....

I virtually never see a person who has a 269,000 salary... make only 269,000

that's my point. so although you figure it's a 4% salary tax rate deduction. in reality. that never happens.

So you use erroneous figures to make a point . That rich get less of a % deduction. when in fact with taxable income, they pay far less than that.

It's just propaganda.


jiminycricket1 73M
13732 posts
12/7/2017 4:24 am

The repeal of the alternative minimum tax alone is significant.

alternative minimum tax, limits personal deductions.. It makes more income taxable.
Although it's significant, it's a drop in the bucket compared to other tax deductions for the rich. That reduce taxable income.

So here's what I'd be for....as we lower the tax rate to 20%, for corporation. also make the maximum/minimum personal tax, for people making over $250.000 a rate of 20%. All deductions for the rich are removed, all different tax rates are remove. and all income becomes taxable.
People who make over $250, 000 have an alternative minimum tax rate of 20%.

See how that flies? See how a 20% percent tax rate for the rich, gets the rich up in arms.

The actual tax percentage for most of the rich in this country is 15% and even that is not 15% of their total income.

So someone make $75,000 and pay 15%
And someone else makes 1 million and pays 15 %.
that's what happen .. that's the truth.


jiminycricket1 73M
13732 posts
12/7/2017 2:51 pm

    Quoting  :

no not everyone, but most.. i see it everyday


jiminycricket1 73M
13732 posts
12/7/2017 2:59 pm

    Quoting  :

It's really not doubling.... it is more and that is good, but it's not doubling.

It's a bone to the people so they can agree. but it won't work when it all comes out it wash.
think of it this way if there is to be a trillion dollar deficit... who gets the money. where Does the money go?
comparatively speaking the middle class gets bupkis


jiminycricket1 73M
13732 posts
12/11/2017 5:08 am

    Quoting  :

We live in a capitalist country.
Run by Capitalists
Serving Capitalists.
Allowing the Capitalists the privilege under the system to make as much money as they can.
A Capitalist's Government. That in the true sense of Capitalism.... Capitalist's don't want to pay for, Let someone else pay....

Where Liberal think money grows on Trees, Capitalists think money that pays for government shouldn't grow on THEIR tree. Paying for government should conform to Capitalism and the tenet that capitalists have the right to make money, but someone else should pay for it. Workers, investments, and Government..should MAKE them Money.... But the greatest DEAL, the unbelievable DEAL, is to make a make a DEAL.. Where those others pay for it willingly. The greatest capitalists sheep theory...of pulling the wool over their eyes... Where else, but in this country can that happen? Just ask TRUMP.

The people of this country.. Pay for government.. that's what they are suppose to do. but isn't it ironic... that those who pay the the most encumbrances, and some of those who can't pay, end paying with their lives. To protect the rights and privileges afforded to wealthy, to continue making as much as they possibly can. While the wealthy.. don't want to pay,. don't want the encumbrance, want to maneuver themselves out of it....
The poor are not grateful, for the government gifts, for "entitlements", and for their survival..... Nor are the rich grateful for the privilege of being rich, Yet, they wallow in the greed that made them so. It's seems having too much..is never enough.

Who should pays for it... Maisie? Or maybe it just shouldn't get paid. Who, then do you think will pay.. for the privilege of capitalists, and our form of government.
Who's going to pay then.....As everybody struggle to make as much as they can. Who's going to protect them from themselves?
It's typical about they way you think about everything....that you never see..that what you want...... destroys what you have.


jiminycricket1 73M
13732 posts
12/11/2017 8:56 am

    Quoting  :

I put it in a separate blog....maybe someone else will understand it, or at least try.

On this blog, I'm only talking to myself.


jiminycricket1 73M
13732 posts
12/11/2017 12:27 pm

    Quoting  :

Okay,

metaphorically speaking..

You know you can't get blood from a stone,

but with a stone you can make someone else bleed.
You can get someone else's blood from a stone.

Now, if you can't get it in plain language...I might as well purposely make it more difficult. Because no matter what I say.. it's guaranteed you'll be confused. We are are on different "planes", and "plain" language does not work.

if you don't get it.. the "...", are interchangeable. no matter what i say, you can't understand it...If you can't see it both ways.


dusty117 73M

12/18/2017 4:20 pm

I would call it Math as seen through the eyes of a 5 time bankrupt loser.

Considering Donald Trump can't talk, I find it hard to believe he wrote a book.

That being said, whoever wrote the art of the deal for him should be asking you the most obvious question. Why the hell would President Grubber want to sign a bill giving away billions to corporate America and get squat in return regarding JOBS IN THE USA, job training, job outsourcing etc. etc. etc. etc........etc.!

The obvious answer is Trump wants nothing in return. Might be inconvenient after he's done playing president?


dusty117 73M

12/18/2017 7:12 pm

I call it math as seen through the eyes of a 5 time bankrupt loser.

Considering Donald Trump can't talk, I find it hard to believe he wrote a book.

That being said, whoever wrote the art of the deal for him should be asking you the obvious question. Why the hell would President Money Grubber want to sign a bill giving away billions to corporate America and ask for squat in return regarding jobs, job training, job outsourcing etc. etc. etc. etc........etc.!

Obvious answer is Trump wants nothing in return.

Might be inconvenient for him after he's done playing president?