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The Trump Tax Plan is 180

https://assets.donaldjtrump.com/trump-tax-reform.pdf ...
Alpha Dog
  02/17/17
They get a new one page form to send the IRS saying, “I win,...
Alpha Dog
  02/17/17
If the plan is "revenue neutral" doesn't that mean...
"'''"'
  02/17/17
everyone > 50K and < 250K or something ljl everyone h...
Madison Twatter
  02/18/17
but will he simply the tax code? like he promised...
crafty prole cheating mcdonalds
  02/17/17
180...good part about getting rid of the death tax is it nea...
EXPLOSIVE diarrhea!!!!
  02/17/17
flame, boomers are going to spend it all on granite countert...
So we looked at the data,
  02/17/17
...
,.,.,.,..,.,..,:,,:,,.,:::,.,,.,:.,,.:.,:.,:.::,.
  02/17/17
The estate tax is meant for rich fucks like Trump who haven'...
froodfrood
  02/17/17
And those rich fucks structure their affairs in such a way t...
Main Force Patrol
  02/17/17
so why do they agitate so hard to get rid of it? they sti...
"'''"'
  02/17/17
(Guy who has never worked in T&E) wrong
lawmanir8
  02/18/17
they already can, up to $5.5 million per person. so your ric...
baby boomer espousing benefits of home ownership
  02/18/17
This. But the Rapetile propaganda against the estate tax has...
Madison Twatter
  02/18/17
why?
.;:..;:;.:.;.,,,.,.:,.;;,;;;..;,
  02/17/17
mostly because I'll pay a lot less in taxes
Alpha Dog
  02/17/17
his name in the header, 180
peterman
  02/17/17
...
,.,.,.,.,.,. , . . . , . . . . . . , . . . ;
  02/17/17
that plan is pure fantasy unless it's supplemented with othe...
exeunt
  02/17/17
...
whomjustjoined
  02/17/17
federal soda tax
tech founder disrupting concepts of human dignity
  02/17/17
Does this really "remove" nearly 75 million househ...
whomjustjoined
  02/17/17
I worry about the ability to generate sufficient tax income....
Judas Jones
  02/17/17
It will never pass. 39% approval Cheeto starts pushing a Cha...
,.,.,.,.,.,. , . . . , . . . . . . , . . . ;
  02/17/17
100% agree about death tax
Metal Up Your Ass
  02/17/17
No. It should be higher and subject to lower thresholds.
~~(>' ' )>
  02/17/17
Generational wealth is a cancer.
dr. joseph smith's rotting corpse, esq.
  02/17/17
...
Wilbur Mercer, permanently embarrassed millionaire
  02/17/17
Generational wealth is mostly flame.
Insane right-wing gun nut
  02/17/17
untrue
exeunt
  02/17/17
Then a high death tax won't affect anyone
Ciroc Obama
  02/17/17
This. Seriously LJL @ wah wah death tax is so oppressive for...
Madison Twatter
  02/18/17
...
Dr. David Diaper
  02/17/17
...
"'''"'
  02/17/17
...
crafty prole cheating mcdonalds
  02/17/17
...
killa cam
  02/18/17
I agree bequests should be taxed at huge levels
Wilbur Mercer, permanently embarrassed millionaire
  02/17/17
Have to encourage spending and lifetime gifts.
froodfrood
  02/17/17
...
"'''"'
  02/17/17
...
the Rudolph of shitcoins
  02/17/17
"Freelancer living job to job will pay no more than 15%...
Stringer Bell Gunning in Macroecon Class
  02/17/17
Fuck Glocap! But awesome that my boomer parents now don't ha...
trans faggot express
  02/17/17
It must be a lot of money if you even have to worry about th...
whomjustjoined
  02/17/17
...
"'''"'
  02/17/17
"All other Americans will get a simpler tax code with f...
~~(>' ' )>
  02/17/17
Correct. The real complication comes in the form of deductio...
.,.,...,..,.,.,:,,:,...,:::,....:,.,.:..:.,:.::,.
  02/17/17
things like mortgage interest deduction, 401k, etc. will nev...
there is no ethical consumption under capitalism
  02/17/17
which is why this tax plan is retarded.
.,.,...,..,.,.,:,,:,...,:::,....:,.,.:..:.,:.::,.
  02/17/17
...
there is no ethical consumption under capitalism
  02/17/17
The new TTP- NOWAG edition
Discerning Critic Critiquing Your Thread
  02/17/17
"You paid taxes on it when you earned it." This...
~~(>' ' )>
  02/17/17
All of those people are further earning it as income. Dumb ...
Jeff Blauser
  02/17/17
Holy shit, you do realize gifts over a certain amount are ta...
whomjustjoined
  02/17/17
holy shit you realize only if lifetime gifts exceed the life...
xt
  02/17/17
http://www.xoxohth.com/thread.php?thread_id=3529267&foru...
~~(>' ' )>
  02/17/17
"Should we start taxing birthday presents faggot?"...
~~(>' ' )>
  02/17/17
This "plan" is dumber than shit, and anyone who th...
~~(>' ' )>
  02/17/17
...
,.,.,.,.,.,. , . . . , . . . . . . , . . . ;
  02/17/17
TBF, it is dumb as shit, but if it can get passed I would li...
Alpha Dog
  02/17/17
What would this do for a single earner who makes as much as ...
,.,.,.,.,.,. , . . . , . . . . . . , . . . ;
  02/17/17
you'd pay more lmfao
Madison Twatter
  02/18/17
Not flaming you, but can you explain the Pros and Cons of th...
"'""'"''""
  02/17/17
...
"'''"'
  02/17/17
Doesnt do enough if he doesnt get rid of FICA and medicare t...
Stringer Bell Gunning in Macroecon Class
  02/17/17
2018 and 2020 could be a GOP BLOODBATH if they go after the ...
dr. joseph smith's rotting corpse, esq.
  02/17/17
The doc says mortgage interest still deductible for all brac...
Stringer Bell Gunning in Macroecon Class
  02/17/17
yeah there is no way that gets eliminated
there is no ethical consumption under capitalism
  02/17/17
They should add rental deduction
So we looked at the data,
  02/17/17
Im worried this could be hostile to self employeds. Theres s...
Stringer Bell Gunning in Macroecon Class
  02/17/17
Tax Attorney here, these are my thoughts: The Trump Tax ...
Retired 6/18/17
  02/17/17
...
Stu Lantz
  02/17/17
...
Dickey Simpkins
  02/17/17
"I'm not necessarily opposed to dropping the corporate ...
Judas Jones
  02/17/17
If you wanna link me to some scholarship I will be happy to ...
Retired 6/18/17
  02/17/17
the complexity of taxes is NOT DUE to BRACKETs....why am i t...
crafty prole cheating mcdonalds
  02/17/17
Heard it will never pass Congress though because the budget ...
.........,,;,;,;,,,............,,;,;;,.;.
  02/17/17
His plan is to repatriate overseas corporate cash accounts
Stringer Bell Gunning in Macroecon Class
  02/17/17
Lol
,.,.,.,.,.,. , . . . , . . . . . . , . . . ;
  02/17/17
how will this close a $2,000,000,000,000 budget deficit?
Retired 6/18/17
  02/17/17
It wont. We're permafucked and everyone knows it. Thanks bo...
Stringer Bell Gunning in Macroecon Class
  02/17/17
No, it's a pretty solvable problem that nobody cares to solv...
trans faggot express
  02/17/17
Lol at balanced budget in the 90s. You realize all Bill did...
Stringer Bell Gunning in Macroecon Class
  02/17/17
(Yahoo! commenter)
.,.,...,..,.,.,:,,:,...,:::,....:,.,.:..:.,:.::,.
  02/17/17
(Freeper)
,.,.,.,.,.,. , . . . , . . . . . . , . . . ;
  02/18/17
i'm sure they'll claim they're going to tax imports and that...
corporate warrior poet
  02/17/17
5. No one will have to pay the federal income tax. You earne...
De( . ) ( . ) is
  02/17/17
In fact, the money was already taxed before it got to your e...
whomjustjoined
  02/17/17
Instead of responding to your naive point about money only b...
.,.,...,..,.,.,:,,:,...,:::,....:,.,.:..:.,:.::,.
  02/17/17
repeal of the death tax is 180, especially since i'm inherit...
.,.,..,,.:,,.,:.,:,...,:::,..:..,:,.,.:.:.,:.::,.
  02/17/17
(below average pumo)
De( . ) ( . ) is
  02/17/17
u mad?
.,.,..,,.:,,.,:.,:,...,:::,..:..,:,.,.:.:.,:.::,.
  02/17/17
I'm fucking irate. I wish I could be a pumo.
De( . ) ( . ) is
  02/17/17
but the $30 million you could do without, right?
.,.,..,,.:,,.,:.,:,...,:::,..:..,:,.,.:.:.,:.::,.
  02/17/17
that's barely enough to pay for one kid
De( . ) ( . ) is
  02/17/17
not every one ends up like you, and besides you're overestim...
.,.,..,,.:,,.,:.,:,...,:::,..:..,:,.,.:.:.,:.::,.
  02/17/17
I have a 180 IQ
De( . ) ( . ) is
  02/17/17
(below average sudo)
.,.,..,,.:,,.,:.,:,...,:::,..:..,:,.,.:.:.,:.::,.
  02/17/17
I used to be a pumo
De( . ) ( . ) is
  02/17/17
now look at you
.,.,..,,.:,,.,:.,:,...,:::,..:..,:,.,.:.:.,:.::,.
  02/17/17
lol
five frolicking faggots fucking fulano's face
  02/17/17
...
De( . ) ( . ) is
  02/17/17
good exchange
les
  02/18/17
...
Dr. David Diaper
  02/17/17
...
Wilbur Mercer, permanently embarrassed millionaire
  02/17/17
...
Libs died. 180!
  02/17/17
180 subthread
.....,.,,,..,,,,,,,,..,...
  02/17/17
I call it the "Trumped Up, Trickle Down" tax plan
Judas Jones
  02/17/17
jew here, 180.
"''"""'"'
  02/17/17
...
.,.,..,,.:,,.,:.,:,...,:::,..:..,:,.,.:.:.,:.::,.
  02/17/17
LOL, I love how it starts with bullet points before going in...
"'''"'
  02/17/17
2-3 bullet points, then got tired and got back to ranting on...
Alpha Dog
  02/17/17
"4. No family will have to pay the death tax. You earne...
baby boomer espousing benefits of home ownership
  02/18/17
...
"'''"'
  02/18/17
Is he still planning to drop the mortgage interest deduction...
Martin Prince
  02/18/17
i think it'd make banks and realtors very angry as well but ...
Madison Twatter
  02/18/17
the irony of appealing to losers by letting them write "...
sealclubber
  02/18/17


Poast new message in this thread



Reply Favorite

Date: February 17th, 2017 12:36 PM
Author: Alpha Dog

https://assets.donaldjtrump.com/trump-tax-reform.pdf

The Trump Tax Plan Achieves These Goals

1. If you are single and earn less than $25,000, or married and jointly earn less than $50,000,

you will not owe any income tax. That removes nearly 75 million households – over 50% –

from the income tax rolls. They get a new one page form to send the IRS saying, “I win,”

those who would otherwise owe income taxes will save an average of nearly $1,000 each.

2. All other Americans will get a simpler tax code with four brackets – 0%, 10%, 20% and 25%

– instead of the current seven. This new tax code eliminates the marriage penalty and the

Alternative Minimum Tax (AMT) while providing the lowest tax rate since before World

War II.

3. No business of any size, from a Fortune 500 to a mom and pop shop to a freelancer living job

to job, will pay more than 15% of their business income in taxes. This lower rate makes

corporate inversions unnecessary by making America’s tax rate one of the best in the world.

4. No family will have to pay the death tax. You earned and saved that money for your family,

not the government. You paid taxes on it when you earned it.

(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32643773)



Reply Favorite

Date: February 17th, 2017 1:03 PM
Author: Alpha Dog

They get a new one page form to send the IRS saying, “I win,”

(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32643923)



Reply Favorite

Date: February 17th, 2017 3:53 PM
Author: "'''"'

If the plan is "revenue neutral" doesn't that mean that taxes will be hiked for some and lowered for others? Who gets tax hikes?

(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32645019)



Reply Favorite

Date: February 18th, 2017 11:46 AM
Author: Madison Twatter (playing with gay dog boners since 2013)

everyone > 50K and < 250K or something

ljl everyone here is going to get FUCKED

(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32649288)



Reply Favorite

Date: February 17th, 2017 5:42 PM
Author: crafty prole cheating mcdonalds

but will he simply the tax code? like he promised...

(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32645768)



Reply Favorite

Date: February 17th, 2017 12:39 PM
Author: EXPLOSIVE diarrhea!!!!

180...good part about getting rid of the death tax is it nearly certainly also means getting rid of the yearly cap on non-taxed gifts. That was basically only in place to stop people from giving away their estate right before they die. So now your boomer parents can give you as much as they want tax free.

(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32643785)



Reply Favorite

Date: February 17th, 2017 1:18 PM
Author: So we looked at the data,

flame, boomers are going to spend it all on granite countertops, 1960's nostalgia cars, and caribbean cruises

(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32644035)



Reply Favorite

Date: February 17th, 2017 5:46 PM
Author: ,.,.,.,..,.,..,:,,:,,.,:::,.,,.,:.,,.:.,:.,:.::,.




(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32645795)



Reply Favorite

Date: February 17th, 2017 3:32 PM
Author: froodfrood ( )

The estate tax is meant for rich fucks like Trump who haven't paid any income tax in 20 years, and will not realize any capital gains tax upon transferring their assets to their children upon death.

(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32644898)



Reply Favorite

Date: February 17th, 2017 3:46 PM
Author: Main Force Patrol (“Tony, sit down. We need to talk.”)

And those rich fucks structure their affairs in such a way to avoid paying estate taxes. The estate tax is little more than a "gotcha" for unsophisticated small business owners.

(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32644964)



Reply Favorite

Date: February 17th, 2017 3:47 PM
Author: "'''"'

so why do they agitate so hard to get rid of it?

they still pay billions of dollars in estate taxes, that's why.

(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32644973)



Reply Favorite

Date: February 18th, 2017 11:10 AM
Author: lawmanir8

(Guy who has never worked in T&E)

wrong

(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32649125)



Reply Favorite

Date: February 18th, 2017 1:30 AM
Author: baby boomer espousing benefits of home ownership

they already can, up to $5.5 million per person. so your rich boomer parents can give you $11 million before they have to even think about gift tax.

(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32648035)



Reply Favorite

Date: February 18th, 2017 12:56 PM
Author: Madison Twatter (playing with gay dog boners since 2013)

This. But the Rapetile propaganda against the estate tax has been insanely successful. My dad is CONVINCED that if my grandmother has an estate larger than $1M that each of her three child heirs will have to pay like 40% of it in estate tax

i tried telling him it's per person and the cap is much higher than he thinks and he was like WRONG

(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32649702)



Reply Favorite

Date: February 17th, 2017 12:41 PM
Author: .;:..;:;.:.;.,,,.,.:,.;;,;;;..;,


why?

(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32643797)



Reply Favorite

Date: February 17th, 2017 1:01 PM
Author: Alpha Dog

mostly because I'll pay a lot less in taxes

(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32643911)



Reply Favorite

Date: February 17th, 2017 12:42 PM
Author: peterman

his name in the header, 180

(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32643805)



Reply Favorite

Date: February 17th, 2017 12:43 PM
Author: ,.,.,.,.,.,. , . . . , . . . . . . , . . . ;



(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32643811)



Reply Favorite

Date: February 17th, 2017 12:43 PM
Author: exeunt

that plan is pure fantasy unless it's supplemented with other taxes

(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32643806)



Reply Favorite

Date: February 17th, 2017 12:43 PM
Author: whomjustjoined



(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32643810)



Reply Favorite

Date: February 17th, 2017 1:50 PM
Author: tech founder disrupting concepts of human dignity

federal soda tax

(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32644313)



Reply Favorite

Date: February 17th, 2017 12:43 PM
Author: whomjustjoined

Does this really "remove" nearly 75 million households from the tax rolls? Don't most of those households already pay no income tax? Seems misleading.

(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32643807)



Reply Favorite

Date: February 17th, 2017 12:47 PM
Author: Judas Jones

I worry about the ability to generate sufficient tax income. I think you could maintain the spirit of it with a corp rate of 20% and a further bracket on ultra high individual earners (say individual income above $500k) and generate some more tax revenue.

(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32643832)



Reply Favorite

Date: February 17th, 2017 12:51 PM
Author: ,.,.,.,.,.,. , . . . , . . . . . . , . . . ;

It will never pass. 39% approval Cheeto starts pushing a Chamber of Commerce tax bill and he will lose the Trumpenproletariat

(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32643859)



Reply Favorite

Date: February 17th, 2017 12:55 PM
Author: Metal Up Your Ass

100% agree about death tax

(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32643883)



Reply Favorite

Date: February 17th, 2017 1:01 PM
Author: ~~(>' ' )>

No. It should be higher and subject to lower thresholds.

(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32643916)



Reply Favorite

Date: February 17th, 2017 1:18 PM
Author: dr. joseph smith's rotting corpse, esq.

Generational wealth is a cancer.

(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32644024)



Reply Favorite

Date: February 17th, 2017 1:18 PM
Author: Wilbur Mercer, permanently embarrassed millionaire (Wilbur Mercer)



(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32644033)



Reply Favorite

Date: February 17th, 2017 2:46 PM
Author: Insane right-wing gun nut

Generational wealth is mostly flame.

(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32644649)



Reply Favorite

Date: February 17th, 2017 4:24 PM
Author: exeunt

untrue

(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32645244)



Reply Favorite

Date: February 17th, 2017 5:41 PM
Author: Ciroc Obama (autist-in-residence)

Then a high death tax won't affect anyone

(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32645764)



Reply Favorite

Date: February 18th, 2017 12:57 PM
Author: Madison Twatter (playing with gay dog boners since 2013)

This. Seriously LJL @ wah wah death tax is so oppressive for the zero people who pay it!

(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32649716)



Reply Favorite

Date: February 17th, 2017 3:10 PM
Author: Dr. David Diaper



(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32644774)



Reply Favorite

Date: February 17th, 2017 3:48 PM
Author: "'''"'



(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32644983)



Reply Favorite

Date: February 17th, 2017 5:42 PM
Author: crafty prole cheating mcdonalds



(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32645771)



Reply Favorite

Date: February 18th, 2017 9:16 AM
Author: killa cam (ggtp)



(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32648678)



Reply Favorite

Date: February 17th, 2017 1:18 PM
Author: Wilbur Mercer, permanently embarrassed millionaire (Wilbur Mercer)

I agree bequests should be taxed at huge levels

(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32644028)



Reply Favorite

Date: February 17th, 2017 3:32 PM
Author: froodfrood ( )

Have to encourage spending and lifetime gifts.

(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32644903)



Reply Favorite

Date: February 17th, 2017 3:48 PM
Author: "'''"'



(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32644984)



Reply Favorite

Date: February 17th, 2017 11:29 PM
Author: the Rudolph of shitcoins (she can't wait to tell the field hockey team about this)



(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32647488)



Reply Favorite

Date: February 17th, 2017 12:56 PM
Author: Stringer Bell Gunning in Macroecon Class

"Freelancer living job to job will pay no more than 15% of business income"?

Is this in addition to personal income? Most freelancers use passthrough entities

(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32643886)



Reply Favorite

Date: February 17th, 2017 12:58 PM
Author: trans faggot express

Fuck Glocap! But awesome that my boomer parents now don't have to worry about the already high "death tax" so I can inherit an even more ridiculous sum of money.

(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32643894)



Reply Favorite

Date: February 17th, 2017 12:59 PM
Author: whomjustjoined

It must be a lot of money if you even have to worry about the "death tax"

(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32643898)



Reply Favorite

Date: February 17th, 2017 3:49 PM
Author: "'''"'



(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32644988)



Reply Favorite

Date: February 17th, 2017 1:00 PM
Author: ~~(>' ' )>

"All other Americans will get a simpler tax code with four brackets."

What is this retarded shit?

Brackets have virtually nothing to do with making the tax code simpler.

(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32643904)



Reply Favorite

Date: February 17th, 2017 1:05 PM
Author: .,.,...,..,.,.,:,,:,...,:::,....:,.,.:..:.,:.::,.


Correct. The real complication comes in the form of deductions and AMT.

To have tax rates this low and not explode the deficit, Trump would have to eliminate nearly all deductions. This includes home mortgage interest, 401ks, health insurance (ie, you'll be taxed at ordinary income on the cost your employer provided healthcare).

Per the usual, this plan probably fucks people making 100-500k. But its great if you make less than 50k and more than 500k.

(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32643940)



Reply Favorite

Date: February 17th, 2017 1:21 PM
Author: there is no ethical consumption under capitalism

things like mortgage interest deduction, 401k, etc. will never ever get eliminated.

(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32644054)



Reply Favorite

Date: February 17th, 2017 1:42 PM
Author: .,.,...,..,.,.,:,,:,...,:::,....:,.,.:..:.,:.::,.


which is why this tax plan is retarded.

(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32644241)



Reply Favorite

Date: February 17th, 2017 1:46 PM
Author: there is no ethical consumption under capitalism



(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32644267)



Reply Favorite

Date: February 17th, 2017 1:00 PM
Author: Discerning Critic Critiquing Your Thread

The new TTP- NOWAG edition

(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32643909)



Reply Favorite

Date: February 17th, 2017 1:06 PM
Author: ~~(>' ' )>

"You paid taxes on it when you earned it."

This is a fucking retarded argument. The clients paid taxes on their income. Then they paid their lawyer. The lawyer paid taxes on the income. Then he bought lunch and paid taxes on the meal. Then the restaurant owner paid taxes on the profit.

(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32643947)



Reply Favorite

Date: February 17th, 2017 1:15 PM
Author: Jeff Blauser

All of those people are further earning it as income. Dumb analogy.

Should we start taxing birthday presents faggot?

(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32644010)



Reply Favorite

Date: February 17th, 2017 2:22 PM
Author: whomjustjoined

Holy shit, you do realize gifts over a certain amount are taxed right?

(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32644507)



Reply Favorite

Date: February 17th, 2017 3:32 PM
Author: xt

holy shit you realize only if lifetime gifts exceed the lifetime credit against gift and estate tax, right? which is basically 0.01% of people

(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32644899)



Reply Favorite

Date: February 17th, 2017 5:40 PM
Author: ~~(>' ' )>

http://www.xoxohth.com/thread.php?thread_id=3529267&forum_id=2#32645125

(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32645757)



Reply Favorite

Date: February 17th, 2017 5:45 PM
Author: ~~(>' ' )>

"Should we start taxing birthday presents faggot?"

Of what size?

There are personal exemptions for income.

And I'm ok with reasonable exemptions for gifts.

But, at bare minimum, I can't think of any good reason to give a more favorable exemption to gifts over income.

(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32645790)



Reply Favorite

Date: February 17th, 2017 1:07 PM
Author: ~~(>' ' )>

This "plan" is dumber than shit, and anyone who thinks otherwise is dumber than shit.

(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32643952)



Reply Favorite

Date: February 17th, 2017 1:11 PM
Author: ,.,.,.,.,.,. , . . . , . . . . . . , . . . ;



(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32643979)



Reply Favorite

Date: February 17th, 2017 1:12 PM
Author: Alpha Dog

TBF, it is dumb as shit, but if it can get passed I would literally save like $75k+ in taxes each year....so it is 180.

(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32643992)



Reply Favorite

Date: February 17th, 2017 1:18 PM
Author: ,.,.,.,.,.,. , . . . , . . . . . . , . . . ;

What would this do for a single earner who makes as much as a big law first year

(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32644029)



Reply Favorite

Date: February 18th, 2017 1:01 PM
Author: Madison Twatter (playing with gay dog boners since 2013)

you'd pay more lmfao

(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32649729)



Reply Favorite

Date: February 17th, 2017 1:19 PM
Author: "'""'"''""


Not flaming you, but can you explain the Pros and Cons of this plan?

(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32644042)



Reply Favorite

Date: February 17th, 2017 3:49 PM
Author: "'''"'



(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32644989)



Reply Favorite

Date: February 17th, 2017 1:20 PM
Author: Stringer Bell Gunning in Macroecon Class

Doesnt do enough if he doesnt get rid of FICA and medicare taxes altogether. End the ponzi scheme. Stop using tax dollars to fund foreign proxy wars.

(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32644052)



Reply Favorite

Date: February 17th, 2017 1:23 PM
Author: dr. joseph smith's rotting corpse, esq.

2018 and 2020 could be a GOP BLOODBATH if they go after the mortgage interest deduction.

(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32644072)



Reply Favorite

Date: February 17th, 2017 1:24 PM
Author: Stringer Bell Gunning in Macroecon Class

The doc says mortgage interest still deductible for all brackets

(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32644078)



Reply Favorite

Date: February 17th, 2017 1:24 PM
Author: there is no ethical consumption under capitalism

yeah there is no way that gets eliminated

(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32644082)



Reply Favorite

Date: February 17th, 2017 1:48 PM
Author: So we looked at the data,

They should add rental deduction

(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32644280)



Reply Favorite

Date: February 17th, 2017 1:33 PM
Author: Stringer Bell Gunning in Macroecon Class

Im worried this could be hostile to self employeds. Theres some language in there like "reasonable cap on business interest expenses" and "freelancers paying no more than 15% of business income" that could portend different treatment of passthroughs and caps on business expenses other than interest

(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32644148)



Reply Favorite

Date: February 17th, 2017 2:19 PM
Author: Retired 6/18/17 (Hayden van Persie tp)

Tax Attorney here, these are my thoughts:

The Trump Tax Plan Achieves These Goals

"1. If you are single and earn less than $25,000, or married and jointly earn less than $50,000,you will not owe any income tax. That removes nearly 75 million households – over 50% – from the income tax rolls. They get a new one page form to send the IRS saying, “I win,” those who would otherwise owe income taxes will save an average of nearly $1,000 each."

I'm curious how this will be achieved. Are they just saying that the first $25,000 is subject to a 0% tax bracket? And then adding standard/itemized deductions and/or personal exemptions on top of that? Or setting it up in such a way that $x + the standard & one exemption = no taxes? If they modify the standard/itemized deductions and/or exemptions for these low income brackets, are higher earners affected? If so, this actually makes the code moar complex, not less.

Also, while I don't have exact numbers, a shit-ton of these taxpayers pay negative tax, that is they actually get more back in refunds than they put in, thanks to all sorts of refundable credits (many of which are robustly abused). So it's not really accurate to say that, right now, a married family making $40,000 and raising two kids under 17 pays any tax under the present system because they don't. In fact they get over $3,000 back that they did not pay in due to refundable credits. If you simply remove their tax obligation while allowing them to continue claiming refundable credits, that refund goes up to ~$5,000. If you remove or reduce some of those refundable credits in conjunction with this they may or may not come out ahead.

"2. All other Americans will get a simpler tax code with four brackets – 0%, 10%, 20% and 25% – instead of the current seven. This new tax code eliminates the marriage penalty and the Alternative Minimum Tax (AMT) while providing the lowest tax rate since before World War II."

The tax code is not complicated because of tax brackets. Honestly tax brackets are day one shit. You can teach utter idiots to master the concept of tax brackets. So going from 7 to 4 in no way simplifies the code, especially in a era where the majority of people use software to perform the calculations anyway. So this really doesn't achieve simplification.

What it does achieve, however, is an enourmous break in taxes for the wealthy. If you had 1 million dollars in taxable income for 2016 you'd owe over $350,000 in federal taxes. Under this plan that would drop to less than $250,000 (assuming the new brackets are marginal as the current ones are). So who does this benefit more? Not the little guy.

As far as AMT, I believe that it needs to be there as a tax floor. People do really ridiculous shit to try to drive their tax liabilities down, and AMT helps to ensure that there is a floor. I do agree that it needs to be adjusted but to remove it completely is not something I agree with. Again this will disproportionately (almost exclusively) benefit higher income earners.

"3. No business of any size, from a Fortune 500 to a mom and pop shop to a freelancer living job to job, will pay more than 15% of their business income in taxes. This lower rate makes corporate inversions unnecessary by making America’s tax rate one of the best in the world."

Freelancers pay income tax and medicare tax, as do all self-employed people. So what happens if a successful freelancer is in a 20% tax bracket? Do they get bumped down to a 15% cap due to this? And what about the employer share of medicare taxes?

I'm not necessarily opposed to dropping the corporate income tax rate but part of why corporate taxes are lower elsewhere is because the difference is made up through a VAT. Without that this plan will just drop reciepts by a shit-ton. And the theory is that corporations will have more money with which to invest by paying less taxes. But the reality is that they will just either pocket it or issue it as dividends. Again helping those with capital, who tend to be well off.

"4. No family will have to pay the death tax. You earned and saved that money for your family, not the government. You paid taxes on it when you earned it."

I get the theoretical arguments for abolishing the death tax. I'm not necessarily opposed to it. But again you are talking about eliminating a revenue stream (although it is small, I believe estate and gift taxes are about 4% of tax receipts) and replacing it with nothing. If all of these changes were enacted and no significant spending decreases came along with it, you'd be looking at over $2 trillion in borrowing every year just to make budget.

(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32644487)



Reply Favorite

Date: February 17th, 2017 2:49 PM
Author: Stu Lantz



(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32644672)



Reply Favorite

Date: February 17th, 2017 2:51 PM
Author: Dickey Simpkins



(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32644688)



Reply Favorite

Date: February 17th, 2017 3:31 PM
Author: Judas Jones

"I'm not necessarily opposed to dropping the corporate income tax rate but part of why corporate taxes are lower elsewhere is because the difference is made up through a VAT. Without that this plan will just drop reciepts by a shit-ton. And the theory is that corporations will have more money with which to invest by paying less taxes. But the reality is that they will just either pocket it or issue it as dividends. Again helping those with capital, who tend to be well off."

I think you're kind of ignoring the effect of lowering the US corporate tax rate on increasing the amount of corporate earnings that will be taxed in America instead of being taxed overseas or deferred for years.

(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32644893)



Reply Favorite

Date: February 17th, 2017 3:33 PM
Author: Retired 6/18/17 (Hayden van Persie tp)

If you wanna link me to some scholarship I will be happy to read it

(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32644909)



Reply Favorite

Date: February 17th, 2017 5:44 PM
Author: crafty prole cheating mcdonalds

the complexity of taxes is NOT DUE to BRACKETs....why am i the only person in the FUCKING WORLD to say this????? the complexity of taxes is due to how the tax returns reach into every aspect of your life...the tax brackets have NOTHING TO DO WITH THIS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32645787)



Reply Favorite

Date: February 17th, 2017 2:48 PM
Author: .........,,;,;,;,,,............,,;,;;,.;.


Heard it will never pass Congress though because the budget has to be revenue neutral and Trump can't just cut taxes without increasing revenues.

(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32644663)



Reply Favorite

Date: February 17th, 2017 2:49 PM
Author: Stringer Bell Gunning in Macroecon Class

His plan is to repatriate overseas corporate cash accounts

(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32644674)



Reply Favorite

Date: February 17th, 2017 2:50 PM
Author: ,.,.,.,.,.,. , . . . , . . . . . . , . . . ;

Lol

(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32644681)



Reply Favorite

Date: February 17th, 2017 2:59 PM
Author: Retired 6/18/17 (Hayden van Persie tp)

how will this close a $2,000,000,000,000 budget deficit?

(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32644727)



Reply Favorite

Date: February 17th, 2017 3:03 PM
Author: Stringer Bell Gunning in Macroecon Class

It wont. We're permafucked and everyone knows it. Thanks boomers

(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32644743)



Reply Favorite

Date: February 17th, 2017 3:25 PM
Author: trans faggot express

No, it's a pretty solvable problem that nobody cares to solve. With the current deficit if we had a balanced budget going forward (as many countries, even super lib ones, strictly enforced) the payments would still suck but be manageable.

Problem is there is zero pressure to close it from the right or the left. This was the tea partys whole schtick and in the end they ended up being Reagan/Bush style notax and still spend standard Rs with basically no backlash. And we're developed to the point where booming our way to a balanced budget like the 90s isn't likely to happen again

(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32644866)



Reply Favorite

Date: February 17th, 2017 3:29 PM
Author: Stringer Bell Gunning in Macroecon Class

Lol at balanced budget in the 90s. You realize all Bill did to "balance the budget" was raid the SS trust?

Jfc libs are dumb and naive

(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32644879)



Reply Favorite

Date: February 17th, 2017 5:35 PM
Author: .,.,...,..,.,.,:,,:,...,:::,....:,.,.:..:.,:.::,.


(Yahoo! commenter)

(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32645733)



Reply Favorite

Date: February 18th, 2017 9:20 AM
Author: ,.,.,.,.,.,. , . . . , . . . . . . , . . . ;

(Freeper)

(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32648694)



Reply Favorite

Date: February 17th, 2017 3:37 PM
Author: corporate warrior poet

i'm sure they'll claim they're going to tax imports and that the tax cuts will SURGE the economy to somehow bring in more revenue

(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32644929)



Reply Favorite

Date: February 17th, 2017 3:20 PM
Author: De( . ) ( . ) is (¡Adios, America!)

5. No one will have to pay the federal income tax. You earned that money for your family, not the government. Your employer paid taxes when they earned it.

(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32644834)



Reply Favorite

Date: February 17th, 2017 3:41 PM
Author: whomjustjoined

In fact, the money was already taxed before it got to your employer in the first place. The people who bought services or goods from your employer paid sales tax, as well as income tax on the income they used to purchase. And that income was already taxed before THEIR employer paid it. Money should only be taxed one time ever.

Sincerely,

Guy who doesn't understand money.

(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32644947)



Reply Favorite

Date: February 17th, 2017 5:39 PM
Author: .,.,...,..,.,.,:,,:,...,:::,....:,.,.:..:.,:.::,.


Instead of responding to your naive point about money only being taxed once, I'll respond to your point about "double-taxation" of corporate earnings (i.e., corp earnings are taxed once at the corporate level and again when dividended to shareholders). The best way to solve this problem is a single layer of tax. Other countries do this and Senator Hatch's corporate integration tax plan would accomplish the same thing. Essentially corporations would be given a deduction for dividends to shareholders.

(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32645754)



Reply Favorite

Date: February 17th, 2017 3:23 PM
Author: .,.,..,,.:,,.,:.,:,...,:::,..:..,:,.,.:.:.,:.::,.


repeal of the death tax is 180, especially since i'm inheriting $30 million

(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32644842)



Reply Favorite

Date: February 17th, 2017 3:23 PM
Author: De( . ) ( . ) is (¡Adios, America!)

(below average pumo)

(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32644847)



Reply Favorite

Date: February 17th, 2017 3:24 PM
Author: .,.,..,,.:,,.,:.,:,...,:::,..:..,:,.,.:.:.,:.::,.


u mad?

(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32644851)



Reply Favorite

Date: February 17th, 2017 3:27 PM
Author: De( . ) ( . ) is (¡Adios, America!)

I'm fucking irate. I wish I could be a pumo.

(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32644876)



Reply Favorite

Date: February 17th, 2017 3:29 PM
Author: .,.,..,,.:,,.,:.,:,...,:::,..:..,:,.,.:.:.,:.::,.


but the $30 million you could do without, right?

(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32644881)



Reply Favorite

Date: February 17th, 2017 3:31 PM
Author: De( . ) ( . ) is (¡Adios, America!)

that's barely enough to pay for one kid

(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32644889)



Reply Favorite

Date: February 17th, 2017 3:32 PM
Author: .,.,..,,.:,,.,:.,:,...,:::,..:..,:,.,.:.:.,:.::,.


not every one ends up like you, and besides you're overestimating the cost of taking care of a retard

(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32644894)



Reply Favorite

Date: February 17th, 2017 3:37 PM
Author: De( . ) ( . ) is (¡Adios, America!)

I have a 180 IQ

(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32644926)



Reply Favorite

Date: February 17th, 2017 3:38 PM
Author: .,.,..,,.:,,.,:.,:,...,:::,..:..,:,.,.:.:.,:.::,.


(below average sudo)

(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32644932)



Reply Favorite

Date: February 17th, 2017 3:38 PM
Author: De( . ) ( . ) is (¡Adios, America!)

I used to be a pumo

(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32644935)



Reply Favorite

Date: February 17th, 2017 3:40 PM
Author: .,.,..,,.:,,.,:.,:,...,:::,..:..,:,.,.:.:.,:.::,.


now look at you

(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32644944)



Reply Favorite

Date: February 17th, 2017 3:44 PM
Author: five frolicking faggots fucking fulano's face

lol

(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32644955)



Reply Favorite

Date: February 17th, 2017 3:44 PM
Author: De( . ) ( . ) is (¡Adios, America!)



(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32644957)



Reply Favorite

Date: February 18th, 2017 12:26 PM
Author: les

good exchange

(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32649521)



Reply Favorite

Date: February 17th, 2017 3:32 PM
Author: Dr. David Diaper



(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32644895)



Reply Favorite

Date: February 17th, 2017 3:34 PM
Author: Wilbur Mercer, permanently embarrassed millionaire (Wilbur Mercer)



(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32644911)



Reply Favorite

Date: February 17th, 2017 5:41 PM
Author: Libs died. 180!



(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32645761)



Reply Favorite

Date: February 17th, 2017 10:03 PM
Author: .....,.,,,..,,,,,,,,..,...


180 subthread

(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32647157)



Reply Favorite

Date: February 17th, 2017 3:32 PM
Author: Judas Jones

I call it the "Trumped Up, Trickle Down" tax plan

(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32644905)



Reply Favorite

Date: February 17th, 2017 3:39 PM
Author: "''"""'"'


jew here, 180.

(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32644937)



Reply Favorite

Date: February 17th, 2017 3:41 PM
Author: .,.,..,,.:,,.,:.,:,...,:::,..:..,:,.,.:.:.,:.::,.




(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32644948)



Reply Favorite

Date: February 17th, 2017 3:52 PM
Author: "'''"'

LOL, I love how it starts with bullet points before going into the details. How far into the bullet points do you think Trump got before signing off on this?

(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32645004)



Reply Favorite

Date: February 17th, 2017 7:42 PM
Author: Alpha Dog

2-3 bullet points, then got tired and got back to ranting on Twitter about CNN ratings.

(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32646384)



Reply Favorite

Date: February 18th, 2017 1:28 AM
Author: baby boomer espousing benefits of home ownership

"4. No family will have to pay the death tax. You earned and saved that money for your family, not the government. You paid taxes on it when you earned it. "

LOL the exemption for a married couple is $11 million. already no one that isn't a wealthy motherfucker pays the death tax now. fuck politicians for making it sound like regular people pay estate taxes.

(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32648029)



Reply Favorite

Date: February 18th, 2017 9:56 AM
Author: "'''"'



(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32648839)



Reply Favorite

Date: February 18th, 2017 11:21 AM
Author: Martin Prince (A prancing scholar's scholar)

Is he still planning to drop the mortgage interest deduction? That would make me irate.

(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32649164)



Reply Favorite

Date: February 18th, 2017 1:02 PM
Author: Madison Twatter (playing with gay dog boners since 2013)

i think it'd make banks and realtors very angry as well but lol fuck them

(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32649739)



Reply Favorite

Date: February 18th, 2017 1:09 PM
Author: sealclubber

the irony of appealing to losers by letting them write "i win" is painful as fuck

(http://www.autoadmit.com/thread.php?thread_id=3529134&forum_id=2#32649774)