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Trump promised to remove SALT cap, will that happen?
Poast new message in this thread
Date: November 8th, 2024 11:23 PM Author: we are definitely claiming fraud trumpmos (http://www.autoadmit.com/thread.php?thread_id=5630648&forum_id=2#48313682) |
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Date: November 11th, 2024 11:17 AM Author: solace and wallace SALT cap set to expire. Has to be actively extended. Unlikely 5-10 conturds in ny and ca will vote yes for that (http://www.autoadmit.com/thread.php?thread_id=5630648&forum_id=2#48322015) |
Date: November 8th, 2024 11:28 PM Author: ,,,,.....,,,,...,........,,,.....,,...,... I'm begging bro. Would save me 40k in tax a year...
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Date: November 11th, 2024 10:56 AM Author: we are definitely claiming fraud trumpmos https://www.washingtonexaminer.com/news/house/3224610/slim-republican-house-majority-could-be-gift-to-salt-caucus/ (http://www.autoadmit.com/thread.php?thread_id=5630648&forum_id=2#48321912) |
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Date: November 9th, 2024 1:53 AM Author: .....,,,,,...,,,,,..,.,,,,,.,,. Hopefully not. Fuck Californians (I am a Californian btw). (http://www.autoadmit.com/thread.php?thread_id=5630648&forum_id=2#48313957) |
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Date: November 11th, 2024 10:56 AM Author: we are definitely claiming fraud trumpmos this goes well beyond Californians. Though they would be the biggest beneficiaries. (http://www.autoadmit.com/thread.php?thread_id=5630648&forum_id=2#48321911) |
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Date: November 11th, 2024 11:31 AM Author: AOC TEAM SIX New Yorkers, New Jerz, Conn, etc. We gotta help them! (http://www.autoadmit.com/thread.php?thread_id=5630648&forum_id=2#48322077) |
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Date: November 11th, 2024 12:13 PM Author: .....;;,,.........;.;.;.;.,;,;,;.;.;,; In Texas you could deduct your sales tax instead of income tax, so a UMC Texan with a million dollar home in one of their insanely high property taxed cities was also fucked by the SALT cap. I would still be down with a reasonable cap that fucks rich people like 50k or 80k, but 10k was idiotically low when they did it and became preposterous when every UMC house 2x’d in value in the 5 years after they did it. (http://www.autoadmit.com/thread.php?thread_id=5630648&forum_id=2#48322305) |
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Date: November 11th, 2024 12:18 PM Author: AOC TEAM SIX wait what about Texas and deductions? (http://www.autoadmit.com/thread.php?thread_id=5630648&forum_id=2#48322340) |
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Date: November 11th, 2024 1:34 PM Author: .....;;,,.........;.;.;.;.,;,;,;.;.;,; Not specific to Texas: https://turbotax.intuit.com/tax-tips/tax-deductions-and-credits/how-to-write-off-sales-taxes/amp/L5yt8TIJ2 (http://www.autoadmit.com/thread.php?thread_id=5630648&forum_id=2#48322753) |
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Date: November 11th, 2024 10:57 AM Author: snoot Wasn't it his tax plan that imposed it in favor of a higher standard deduction? (http://www.autoadmit.com/thread.php?thread_id=5630648&forum_id=2#48321916) |
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Date: November 11th, 2024 10:58 AM Author: we are definitely claiming fraud trumpmos yes. the 2017 tax plan capped it at 10k in the rushed tax bill.
but now he's promising to remove the cap when they renew the tax cuts.
I believe the cap is set to expire regardless. |
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Date: November 11th, 2024 11:03 AM Author: N904PD Everything expires so you go to Obamas tax rates
Bringing back SALT while keeping everything else blows a giant hole in budget. There’s like zero revenue proposals this time too besides “teh tariffs”
https://www.wsj.com/politics/republican-tax-cuts-congress-7b0eb428
I guess they could bump Corp tax a point or 2 |
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Date: November 11th, 2024 11:07 AM Author: AOC TEAM SIX sorry. they said they are going to cut corp taxes. (http://www.autoadmit.com/thread.php?thread_id=5630648&forum_id=2#48321974) |
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Date: November 11th, 2024 11:15 AM Author: ,,.,.,,,.,.,.,.,.,.,.,,.,,.,.,.,..,., just raise tariffs to infinity - everyone knows you can add endless tariffs without reducing revenue raised by them! lol (http://www.autoadmit.com/thread.php?thread_id=5630648&forum_id=2#48322006) |
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Date: November 11th, 2024 12:24 PM Author: BLACKED (http://www.autoadmit.com/thread.php?thread_id=5630648&forum_id=2#48322375) |
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Date: November 11th, 2024 11:27 AM Author: snoot Upping SALT, eliminating tax on SS benefits, eliminating tax on tips.
These are specific revenue cuts, but are there corresponding specific budget cuts aside from "fire tons of people and eliminate agencies"? |
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Date: November 11th, 2024 11:27 AM Author: .,.,....,.,.;,.,,,:,.,.,::,...,:,..;,.., tax cuts aren't revenue cuts (http://www.autoadmit.com/thread.php?thread_id=5630648&forum_id=2#48322057) |
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Date: November 11th, 2024 11:30 AM Author: snoot they reduce money collected by the government which is used to pay for things. (http://www.autoadmit.com/thread.php?thread_id=5630648&forum_id=2#48322070) |
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Date: November 11th, 2024 11:48 AM Author: .,.,....,.,.;,.,,,:,.,.,::,...,:,..;,.., except they don't. quite often the opposite is true, like in 2017. (http://www.autoadmit.com/thread.php?thread_id=5630648&forum_id=2#48322137) |
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Date: November 11th, 2024 12:01 PM Author: snoot Can you more clearly state your point? If you are saying a tax plan can cut a tax as part of an overall change and still collect the same amount or more, yes of course that's true.
If you are saying that, in a vacuum, a specific source of tax revenue can be be eliminated and the government still collects the same amount, I would ask for more info. |
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Date: November 11th, 2024 12:14 PM Author: .,.,....,.,.;,.,,,:,.,.,::,...,:,..;,.., maybe instead of asking cunty questions, you should explain why you think people keeping the money they earn that they then in turn spend and invest in a variety of ways that end up generating tax revenue in a variety of ways is automatically a "reduction in revenue" since you were the one who initially brought up that questionable point (http://www.autoadmit.com/thread.php?thread_id=5630648&forum_id=2#48322311) |
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Date: November 11th, 2024 12:20 PM Author: AOC TEAM SIX ask the CBO. its very clear that lowering taxes does not raise tax revenue. u are a stupid retard if u think otherwise. (http://www.autoadmit.com/thread.php?thread_id=5630648&forum_id=2#48322349) |
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Date: November 11th, 2024 12:20 PM Author: snoot Ok so people having more net income will result in the collection of higher corporate taxes and individual capital gains taxes? That's a logical argument. No idea if it's supported by proof. I mean for most middle class homeowners, they were itemizing anyway so the increase in the standard deduction didn't help while the cap on SALT hurt.
I didn't say anything cunty. I was genuinely trying to understand your cryptic comment and trying to have a discussion with you. |
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Date: November 11th, 2024 12:25 PM Author: BLACKED It's the laffer curve doofus The economy grows parabolically as taxes approach zero |
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Date: November 11th, 2024 12:15 PM Author: .....;;,,.........;.;.;.;.,;,;,;.;.;,; He’s claiming that the 2017 tax cuts were successful voodoo economics. (http://www.autoadmit.com/thread.php?thread_id=5630648&forum_id=2#48322315) |
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Date: November 11th, 2024 12:19 PM Author: .,.,....,.,.;,.,,,:,.,.,::,...,:,..;,.., i'm saying tax rate cuts aren't by definition reductions in tax revenue (http://www.autoadmit.com/thread.php?thread_id=5630648&forum_id=2#48322344) |
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Date: November 11th, 2024 12:20 PM Author: AOC TEAM SIX lol what. that is purely retarded (http://www.autoadmit.com/thread.php?thread_id=5630648&forum_id=2#48322351) |
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Date: November 11th, 2024 12:22 PM Author: ,,.,.,,,.,.,.,.,.,.,.,,.,,.,.,.,..,., never heard of the Laffer curve brother? (http://www.autoadmit.com/thread.php?thread_id=5630648&forum_id=2#48322366) |
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Date: November 11th, 2024 12:24 PM Author: AOC TEAM SIX sure. (http://www.autoadmit.com/thread.php?thread_id=5630648&forum_id=2#48322373) |
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Date: November 11th, 2024 12:25 PM Author: ,,.,.,,,.,.,.,.,.,.,.,,.,,.,.,.,..,., have scholarly criticisms of the concept? (http://www.autoadmit.com/thread.php?thread_id=5630648&forum_id=2#48322383) |
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Date: November 11th, 2024 12:21 PM Author: snoot By definition, they are. You can argue that it's part of a tax plan or policy that overall results in the collection of more tax revenue.
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Date: November 11th, 2024 12:23 PM Author: AOC TEAM SIX he's a retard. he is trying to argue that $100 in tax cuts that ends up reducing tax revenue by $70 because some of that $100 generated $30 more in tax revenue.
he thinks $100 in tax cuts will generate more than $100 in tax revenue when no economist or org or the CBO has never found to be true ever |
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Date: November 11th, 2024 12:22 PM Author: .....;;,,.........;.;.;.;.,;,;,;.;.;,; You are also claiming that the 2017 cuts did not reduce federal revenue, which is demonstrably false and extremely stupid.
https://www.americanprogress.org/article/the-trump-tax-cuts-led-to-record-low-not-high-revenues-outside-of-a-recession/ |
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Date: November 11th, 2024 12:25 PM Author: AOC TEAM SIX pls, no evidence in this thread. we rely on flame here (http://www.autoadmit.com/thread.php?thread_id=5630648&forum_id=2#48322379) |
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Date: November 11th, 2024 12:26 PM Author: .,.,....,.,.;,.,,,:,.,.,::,...,:,..;,.., https://www.irs.gov/statistics/soi-tax-stats-irs-data-book
increases seem pretty even until Biden's money printing began. thx tho for at least linking lib propaganda that isn't paywalled this time. |
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Date: November 11th, 2024 12:30 PM Author: .....;;,,.........;.;.;.;.,;,;,;.;.;,; You should write this up as a paper and publish it. You will be world famous! First supply side success ever!! This changes everything!!! (http://www.autoadmit.com/thread.php?thread_id=5630648&forum_id=2#48322403) |
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Date: November 11th, 2024 12:35 PM Author: .,.,....,.,.;,.,,,:,.,.,::,...,:,..;,.., yea I trust like actual real numbers vs. cumfarter CBO "projected" numbers curated by even bigger cumfarters at "americanprogress.org". I guess that makes me a nazi.
"As a percentage of GDP, revenues are historically low" was a nice additional cumfart |
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Date: November 11th, 2024 11:30 AM Author: ,,.,.,,,.,.,.,.,.,.,.,,.,,.,.,.,..,., you forgot no tax on overtime lol
in terms of revenue, i think the plan is "we're gonna do tremendous things on regulation" |
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Date: November 11th, 2024 11:32 AM Author: snoot lol i've never seeen a more obvious lie just to get a segment of the vote (i.e. union workers) than "overtime will be tax free".
Why is overtime special? in fact, people jump on overtime because it pays a higher rate. What possible policy benefit could there be to making overtime wages tax free? |
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Date: November 11th, 2024 11:34 AM Author: ,,.,.,,,.,.,.,.,.,.,.,,.,,.,.,.,..,., policy benefit is more people voting for Republicans hth ;p (http://www.autoadmit.com/thread.php?thread_id=5630648&forum_id=2#48322085) |
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Date: November 11th, 2024 11:52 AM Author: .,.,....,.,.;,.,,,:,.,.,::,...,:,..;,.., i never saw no tax on overtime being pushed seriously. getting rid of tax on tips seems more of a throwback to the days of cash vs. CC tips where it was pretty much a given that no one was declaring that shit. (http://www.autoadmit.com/thread.php?thread_id=5630648&forum_id=2#48322165) |
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Date: November 11th, 2024 11:54 AM Author: ,,.,.,,,.,.,.,.,.,.,.,,.,,.,.,.,..,., https://www.nytimes.com/2024/09/12/us/politics/trump-debate-tucson-rally-arizona.html (http://www.autoadmit.com/thread.php?thread_id=5630648&forum_id=2#48322179) |
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Date: November 11th, 2024 11:56 AM Author: .,.,....,.,.;,.,,,:,.,.,::,...,:,..;,.., i don't have a nyt sub. any non-dnc propaganda links out there? like I said, I heard no tax on tips flung around all the time but never this. (http://www.autoadmit.com/thread.php?thread_id=5630648&forum_id=2#48322191) |
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Date: November 11th, 2024 10:47 PM Author: ,,.,.,,,.,.,.,.,.,.,.,,.,,.,.,.,..,., https://www.youtube.com/watch?v=p-Gq7UCYflQ (http://www.autoadmit.com/thread.php?thread_id=5630648&forum_id=2#48325329) |
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Date: November 11th, 2024 12:18 PM Author: .....;;,,.........;.;.;.;.,;,;,;.;.;,; That’s the most silly part of that entire talking point as policy, before you get to the fact that back in the day when most people paid cash every menu items was 1/4 of its current cost. This is one issue that the euro commies have right. Ban tipping and just add a flat charge to the bill. (http://www.autoadmit.com/thread.php?thread_id=5630648&forum_id=2#48322339) |
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Date: November 11th, 2024 12:26 PM Author: BLACKED The tip/overtime thing is a giveaway to Sheldon Adelson (who spent more than Musk) so he can pay his Vegas and Reno wagies less (http://www.autoadmit.com/thread.php?thread_id=5630648&forum_id=2#48322384) |
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Date: November 11th, 2024 12:29 PM Author: .....;;,,.........;.;.;.;.,;,;,;.;.;,; I know, but they of all people STILL GET TIPPED MOSTLY IN CASH. Ie they can already cheat on their taxes and declare on 8% tip rates ie the card portion and pretend that every cash tipper stiffed them. Its been common practice for decades, there’s a whole rant in Reservoir Dogs and everything. (http://www.autoadmit.com/thread.php?thread_id=5630648&forum_id=2#48322400) |
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Date: November 11th, 2024 12:32 PM Author: .,.,....,.,.;,.,,,:,.,.,::,...,:,..;,.., however true that is, ppl spend way more on cards now than they did in the 1990s when RD came out. it obviously was a play to win AZ and NV so whatever. (http://www.autoadmit.com/thread.php?thread_id=5630648&forum_id=2#48322408) |
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Date: November 11th, 2024 12:36 PM Author: ,,.,.,,,.,.,.,.,.,.,.,,.,,.,.,.,..,., he spent money from the grave? (http://www.autoadmit.com/thread.php?thread_id=5630648&forum_id=2#48322419) |
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Date: November 11th, 2024 12:40 PM Author: BLACKED Sorry, MIRIAM (http://www.autoadmit.com/thread.php?thread_id=5630648&forum_id=2#48322434) |
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Date: November 11th, 2024 11:00 AM Author: .,.,....,.,.;,.,,,:,.,.,::,...,:,..;,.., given Biden's intentionally manufactured inflation, it would make sense to raise both of these (http://www.autoadmit.com/thread.php?thread_id=5630648&forum_id=2#48321934) |
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Date: November 11th, 2024 11:27 AM Author: snoot that's fair (http://www.autoadmit.com/thread.php?thread_id=5630648&forum_id=2#48322056) |
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Date: November 11th, 2024 11:09 AM Author: AOC TEAM SIX I can't wait for the deficit to be 10% of GDP annually and when Trump leaves, we can have a Greek style economy! (http://www.autoadmit.com/thread.php?thread_id=5630648&forum_id=2#48321985) |
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Date: November 11th, 2024 12:10 PM Author: LathamTouchedMe two months into the new dem admin: "tax and spend liberals at it again!" (http://www.autoadmit.com/thread.php?thread_id=5630648&forum_id=2#48322287) |
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Date: November 11th, 2024 12:15 PM Author: .,.,....,.,.;,.,,,:,.,.,::,...,:,..;,.., also, let's print another $1T for Ukraine you cumfarter (http://www.autoadmit.com/thread.php?thread_id=5630648&forum_id=2#48322322) |
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Date: November 11th, 2024 12:20 PM Author: .....;;,,.........;.;.;.;.,;,;,;.;.;,; lol at any moron who seriously thinks Ukraine has any measurable impact on deficit or inflation. (http://www.autoadmit.com/thread.php?thread_id=5630648&forum_id=2#48322350) |
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Date: November 11th, 2024 12:20 PM Author: AOC TEAM SIX we have probably spent like $3b on Ukraine lol (http://www.autoadmit.com/thread.php?thread_id=5630648&forum_id=2#48322353) |
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Date: November 11th, 2024 12:23 PM Author: .,.,...,..,.,.,:,,:,.,.,:::,...,:,...:..:.,:.::,. (http://www.autoadmit.com/thread.php?thread_id=5630648&forum_id=2#48322370) |
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Date: November 11th, 2024 11:06 PM Author: PrestigeWhore Almost everything “spent on Ukraine” went to McConnell’s friends in the U.S. military industrial compex. (http://www.autoadmit.com/thread.php?thread_id=5630648&forum_id=2#48325387) |
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Date: November 11th, 2024 12:13 PM Author: Fratty McFratterson more SALT on mcdonalds fries (http://www.autoadmit.com/thread.php?thread_id=5630648&forum_id=2#48322310) |
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Date: November 11th, 2024 12:22 PM Author: .,.,...,..,.,.,:,,:,.,.,:::,...,:,...:..:.,:.::,. When was the last time he agreed to remove the SALT cap? By the way, I 100% oppose that. People who don't like it can vote for lower taxes in their state or move. Why would we reward blue fiscally irresponsible states? (http://www.autoadmit.com/thread.php?thread_id=5630648&forum_id=2#48322362) |
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Date: November 11th, 2024 12:24 PM Author: ,,.,.,,,.,.,.,.,.,.,.,,.,,.,.,.,..,., let's *lower* the SALT cap deduction to $312 (same as Trump's EVs) and encourage libs to rethink their life choices (http://www.autoadmit.com/thread.php?thread_id=5630648&forum_id=2#48322374) |
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Date: November 11th, 2024 12:27 PM Author: .....;;,,.........;.;.;.;.,;,;,;.;.;,; It doesn’t reward blue states or red states specifically at all like it did in 2017 you are many years behind the curve if your think that. The UMC in TX and GA are boned by hard by it as well at this point. It rewards the UMC for being industrious, high earning and hard working, and for taking on risk of buying an expensive house in order to make sure that UMC kids don’t go to shitty broken dindu thunderdome schools (which are a major problem in both blue and red states). This has significant positive externalities for the rest of the economy and society, especially in a tech-dominated Information Age. (http://www.autoadmit.com/thread.php?thread_id=5630648&forum_id=2#48322392) |
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Date: November 11th, 2024 12:35 PM Author: gibberish (?) 100% agree. SALT enables shitlib state taxes. (http://www.autoadmit.com/thread.php?thread_id=5630648&forum_id=2#48322418) |
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Date: November 11th, 2024 12:57 PM Author: N904PD Basically none of the NY/NJ/CA GOP reps voted for tax bill last time because of SALT. it was kabuki because they had like 240 seats but this time with like 220-22 every vote will matter. Especially if DRUMPF is appointing house reps to cabinet (http://www.autoadmit.com/thread.php?thread_id=5630648&forum_id=2#48322507) |
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Date: November 11th, 2024 1:36 PM Author: ''"'''"''"' Federal debt will be $50 trillion by end of Trump term (http://www.autoadmit.com/thread.php?thread_id=5630648&forum_id=2#48322764) |
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Date: November 11th, 2024 11:06 PM Author: Ass Sunstein *removes cap on salt shaker before seasoning McD's fries* (http://www.autoadmit.com/thread.php?thread_id=5630648&forum_id=2#48325390) |
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Date: November 11th, 2024 11:07 PM Author: PrestigeWhore They will probably amend it so the cap only applies to the “mega rich”, ie anyone making over $200k. (http://www.autoadmit.com/thread.php?thread_id=5630648&forum_id=2#48325393) |