\
  The most prestigious law school admissions discussion board in the world.
BackRefresh Options Favorite

PSA: Tax Hikes Are Coming

Gas tax, income tax, property tax, sales tax are all going t...
bistre piazza
  12/14/14
the tea party governors are going to implement this full ret...
vibrant bronze station pisswyrm
  12/14/14
...
bistre piazza
  12/14/14
thankfully, the GOP is the anti-tax party, and they are in a...
180 violet depressive
  12/14/14
LOLz http://www.kansascity.com/news/government-politics/a...
bistre piazza
  12/14/14
only on the kids / SHIT BOOMERS will continue their generati...
Frisky roommate
  12/17/14
Hoping for Gas tax, property tax, sales tax and any other re...
bateful hell
  12/17/14
...
Chartreuse brunch double fault
  12/17/14
When the gas tax comes it will be huge because it's going to...
bistre piazza
  12/17/14
Republicans hate VAT's because of how much hidden taxation i...
purple demanding voyeur university
  12/17/14
...
indigo stimulating corner trump supporter
  12/17/14
Great book - Benefit and the Burden Bruce Bartlett (ex-GOPer...
bistre piazza
  12/17/14
No chance for a VAT though. The one thing Boomers will still...
bistre piazza
  12/17/14
good point. maybe a credit back for the VAT value of ss and...
purple demanding voyeur university
  12/17/14
As long as they keep their government hands off my ROTH acco...
cowardly brass dopamine rehab
  12/17/14
means testing is coming for previously promised tax advantag...
purple demanding voyeur university
  12/17/14
Sad, but true
bateful hell
  12/17/14
fair share motherfucker
purple demanding voyeur university
  12/17/14
I think they are going to do something about ROTH accounts i...
Hyperventilating toaster kitty cat
  12/17/14
Brother I am stacking paper as fast as possible, maxing out ...
purple demanding voyeur university
  12/17/14
My fair share is like 150-175k this year
bateful hell
  12/17/14
i think we can pass on to our kids just the same
Trip idea he suggested
  12/17/14
We would have to get out and politic like never before. Voti...
bistre piazza
  12/17/14
So... no shot they'll gut the AMT?
Amethyst Theater Famous Landscape Painting
  12/17/14
Brings in solid revenue, so if they get rid of it then taxes...
bistre piazza
  12/17/14
lol
bateful hell
  12/17/14
Medical costs have been increasing slowly.
Pale razzle resort giraffe
  12/17/14
gotta pay for all the third worlders we need to save
coral faggotry stag film
  12/17/14
http://lawprofessors.typepad.com/law_econ/2014/12/the-us-cru...
bistre piazza
  12/18/14


Poast new message in this thread



Reply Favorite

Date: December 14th, 2014 4:53 PM
Author: bistre piazza

Gas tax, income tax, property tax, sales tax are all going to skyrocket in near future to pay for the past 40 years of boomers giving gifts to themselves on credit. Once they stop working, driving, consuming, etc., they will immediately jack up all taxes.

I for one am trying to learn portuguese and plan for an escape to South America (and hopefully living cheaply enough to use § 911 election or renounce citizenship if my income is trending higher). If you aren't indirectly benefiting from this in the form of increased parental wealth, you are insane to stay. They will bleed you dry and work you to death. And this is just to get back to even, covering the huge hole they created. It won't benefit us or our kids.

(http://www.autoadmit.com/thread.php?thread_id=2756303&forum_id=2#26929264)



Reply Favorite

Date: December 14th, 2014 4:55 PM
Author: vibrant bronze station pisswyrm

the tea party governors are going to implement this full retard on the local level. "spreading the tax base", they all campaigned on that shit. yeah so boom boom warbucks doesn't have to pay squat but we have to get the deficit reduced RIGHT NAO on the backs of millennials. the police will be nothing but revenuers and it will cost 700 smackers for a drivers license renewal. trust.

(http://www.autoadmit.com/thread.php?thread_id=2756303&forum_id=2#26929282)



Reply Favorite

Date: December 14th, 2014 5:09 PM
Author: bistre piazza



(http://www.autoadmit.com/thread.php?thread_id=2756303&forum_id=2#26929346)



Reply Favorite

Date: December 14th, 2014 4:55 PM
Author: 180 violet depressive

thankfully, the GOP is the anti-tax party, and they are in ascent right now.

(http://www.autoadmit.com/thread.php?thread_id=2756303&forum_id=2#26929285)



Reply Favorite

Date: December 14th, 2014 4:57 PM
Author: bistre piazza

LOLz

http://www.kansascity.com/news/government-politics/article4443711.html ("Brownback's Kansas Budget Plan Mostly Pushes Shortfall Forward")

(http://www.autoadmit.com/thread.php?thread_id=2756303&forum_id=2#26929289)



Reply Favorite

Date: December 17th, 2014 8:42 PM
Author: Frisky roommate

only on the kids / SHIT BOOMERS will continue their generational rape

(http://www.autoadmit.com/thread.php?thread_id=2756303&forum_id=2#26952096)



Reply Favorite

Date: December 17th, 2014 8:49 PM
Author: bateful hell

Hoping for Gas tax, property tax, sales tax and any other regressive taxes. love that shit.

(http://www.autoadmit.com/thread.php?thread_id=2756303&forum_id=2#26952156)



Reply Favorite

Date: December 17th, 2014 10:20 PM
Author: Chartreuse brunch double fault



(http://www.autoadmit.com/thread.php?thread_id=2756303&forum_id=2#26952894)



Reply Favorite

Date: December 17th, 2014 10:30 PM
Author: bistre piazza

When the gas tax comes it will be huge because it's going to go from 1981 flat rate to 20xx rate with inflation-adjustments in the future.

(http://www.autoadmit.com/thread.php?thread_id=2756303&forum_id=2#26952970)



Reply Favorite

Date: December 17th, 2014 8:54 PM
Author: purple demanding voyeur university

Republicans hate VAT's because of how much hidden taxation it results in; Democrats hate VAT's because they're regressive. The day that Republicans realize a VAT is regressive and Democrats realize how much hidden taxing they can do is the day we'll finally have a VAT.

Or whatever the quote is.

(http://www.autoadmit.com/thread.php?thread_id=2756303&forum_id=2#26952190)



Reply Favorite

Date: December 17th, 2014 8:54 PM
Author: indigo stimulating corner trump supporter



(http://www.autoadmit.com/thread.php?thread_id=2756303&forum_id=2#26952200)



Reply Favorite

Date: December 17th, 2014 9:15 PM
Author: bistre piazza

Great book - Benefit and the Burden Bruce Bartlett (ex-GOPer who WENT OFF on GWB)

(http://www.autoadmit.com/thread.php?thread_id=2756303&forum_id=2#26952398)



Reply Favorite

Date: December 17th, 2014 9:27 PM
Author: bistre piazza

No chance for a VAT though. The one thing Boomers will still be doing is consuming.

(http://www.autoadmit.com/thread.php?thread_id=2756303&forum_id=2#26952480)



Reply Favorite

Date: December 17th, 2014 9:31 PM
Author: purple demanding voyeur university

good point. maybe a credit back for the VAT value of ss and pension payments?

(http://www.autoadmit.com/thread.php?thread_id=2756303&forum_id=2#26952515)



Reply Favorite

Date: December 17th, 2014 8:54 PM
Author: cowardly brass dopamine rehab

As long as they keep their government hands off my ROTH accounts

(http://www.autoadmit.com/thread.php?thread_id=2756303&forum_id=2#26952194)



Reply Favorite

Date: December 17th, 2014 8:58 PM
Author: purple demanding voyeur university

means testing is coming for previously promised tax advantages, i'd bet my life on it.

(http://www.autoadmit.com/thread.php?thread_id=2756303&forum_id=2#26952238)



Reply Favorite

Date: December 17th, 2014 9:16 PM
Author: bateful hell

Sad, but true

(http://www.autoadmit.com/thread.php?thread_id=2756303&forum_id=2#26952403)



Reply Favorite

Date: December 17th, 2014 9:21 PM
Author: purple demanding voyeur university

fair share motherfucker

(http://www.autoadmit.com/thread.php?thread_id=2756303&forum_id=2#26952437)



Reply Favorite

Date: December 17th, 2014 9:42 PM
Author: Hyperventilating toaster kitty cat

I think they are going to do something about ROTH accounts in the next 10-15 years. It's getting crazy how much you can get in a ROTH these days through after-tax 401k contributions and roth conversions.

Since flat out taxing distributions and growth (again) will be too obvious, they are going to pull something sneaky.

My idea is that that the govt will basically start stacking other income on top of a ROTH distributions to push people into higher tax brackets. Combine this with narrower tax brackets to really screw people.

Most of the country will not even be able to figure out what hit them.

(http://www.autoadmit.com/thread.php?thread_id=2756303&forum_id=2#26952578)



Reply Favorite

Date: December 17th, 2014 9:48 PM
Author: purple demanding voyeur university

Brother I am stacking paper as fast as possible, maxing out DAT roth 401k, maxing out DAT IRA, and hoarding cheddar besides. There is a fucking storm coming. I advise all xo brothers to get fat while the slop is good.

I like that idea about stacking other income on top of distributions, that way they aren't ACTUALLY taxing roth money. There's juuuuuuuust enough truthiness in there to make it work.

(http://www.autoadmit.com/thread.php?thread_id=2756303&forum_id=2#26952616)



Reply Favorite

Date: December 17th, 2014 10:03 PM
Author: bateful hell

My fair share is like 150-175k this year

(http://www.autoadmit.com/thread.php?thread_id=2756303&forum_id=2#26952739)



Reply Favorite

Date: December 17th, 2014 8:55 PM
Author: Trip idea he suggested

i think we can pass on to our kids just the same

(http://www.autoadmit.com/thread.php?thread_id=2756303&forum_id=2#26952206)



Reply Favorite

Date: December 17th, 2014 9:21 PM
Author: bistre piazza

We would have to get out and politic like never before. Voting does you no good because you're choosing Red or Blue. Then Boomer comes in and hands red/blue the legislation they want and a huge check. Plus they vote way more. They're going to do it out of a what they honestly perceive as a legitimate fear that if they don't, the country will collapse. And that fear will reach the necessary point right after they retire.

(http://www.autoadmit.com/thread.php?thread_id=2756303&forum_id=2#26952435)



Reply Favorite

Date: December 17th, 2014 9:01 PM
Author: Amethyst Theater Famous Landscape Painting

So... no shot they'll gut the AMT?

(http://www.autoadmit.com/thread.php?thread_id=2756303&forum_id=2#26952260)



Reply Favorite

Date: December 17th, 2014 9:17 PM
Author: bistre piazza

Brings in solid revenue, so if they get rid of it then taxes elsewhere have to go up.

(http://www.autoadmit.com/thread.php?thread_id=2756303&forum_id=2#26952407)



Reply Favorite

Date: December 17th, 2014 9:17 PM
Author: bateful hell

lol

(http://www.autoadmit.com/thread.php?thread_id=2756303&forum_id=2#26952408)



Reply Favorite

Date: December 17th, 2014 9:17 PM
Author: Pale razzle resort giraffe

Medical costs have been increasing slowly.

(http://www.autoadmit.com/thread.php?thread_id=2756303&forum_id=2#26952415)



Reply Favorite

Date: December 17th, 2014 9:19 PM
Author: coral faggotry stag film

gotta pay for all the third worlders we need to save

(http://www.autoadmit.com/thread.php?thread_id=2756303&forum_id=2#26952420)



Reply Favorite

Date: December 18th, 2014 12:18 AM
Author: bistre piazza

http://lawprofessors.typepad.com/law_econ/2014/12/the-us-crude-oil-export-ban-is-a-simple-transfer-payment-from-motorists-to-domestic-refiners.html

The United States can end the export ban and simultaneously stabilize the insolvent Highway Trust Fund. Bridges are collapsing and 18-wheelers are falling into potholes the size of Rhode Island, and we complain that Congress has not raised the gasoline tax since 1993. That tree-hugging pit of Marxism, the US Chamber of Commerce, has called for a gas tax increase.

IHS Energy, a consulting group headed by energy writer and wonk Daniel Yergin, released a report earlier this year advocating for an end to the domestic crude oil export ban. The IHS report, downloadable from this IHS page, reports that lifting a crude oil ban would create an average of almost 400,000 jobs between 2016 and 2030.

Surprisingly, and importantly ending the ban would lower gasoline prices by an average of 8 cents per gallon. This is because US gasoline prices are set by global crude oil prices not domestic production costs, and lifting a US export ban would add to the world supply by a significant amount. The only losers would be domestic refiners such as Valero, which has opposed lifting the ban. The Crude Oil Export Ban is a simple transfer payment from American motorists to domestic refiners.

So here is an idea: lift the ban, and at the same time impose a gas tax of 8 cents per gallon. The gasoline consumer is no worse off, because the gas tax only counteracts the lower gas prices resulting from ending the export ban, and generate about $9.7 billion annually for the Highway Trust Fund (135 billion gallons of gasoline were consumed in the United States last year, 13 billion of which were ethanol). Ideally, the crude oil export ban should be accompanied by an $9 per ton of CO2 carbon tax, but that's another story.

Enacted as part of the Energy Policy and Conservation Act of 1975, the crude oil export ban was meant to secure energy supplies in the wake of the 1973 oil embargo that shocked an energy-complacent United States. The actual legislation just provides that "[t]he President may, by rule, under such terms and Export conditions as he determines to be appropriate and necessary to carry out the purposes of this Act, restrict exports of -- ... coal, petroleum products, natural gas, or petrochemical feedstocks. .." Section 103 goes on to provide that the "President shall exercise the authority provided for in Exemption, subsection (a) to promulgate a rule prohibiting the export of crude oil and natural gas produced in the United States, except that the President may, ... exempt from such prohibition such crude oil or natural gas exports which he determines to be consistent with the national interest..." So it is pretty clear that the ban is a matter of executive discretion. It is just that Presidents Ford, Carter, Reagan, Bush, Clinton, Bush, and Obama have all decided that exporting oil was not in the national interest.

But that was 1975, and the United States is now one of the major oil producers of the world today. Much of the EPCA's provisions, aimed at insulating the United States from volatile global energy prices, still seem useful today, like the Strategic Oil Reserve and fuel efficiency standards for motor vehicles. But lifting the crude oil ban now has bipartisan interest.

(http://www.autoadmit.com/thread.php?thread_id=2756303&forum_id=2#26953867)