Politics "Don't be fooled" by Trumps economy

Welcome to our community

Be a part of something great, join today!

Register Log in

Users who are viewing this thread

Total: 1 (members: 0, guests: 1)
BrianFromWA said:
Without reading the article, is there anything in it that discusses the impact (both on income tax revenue and buying power) in having a million or so more people in the workforce than in 2016?

(Disclosure, my take-home has gone up slightly and I'm estimated--per the calculators, so I'll believe it when I see it--to save about $5k in taxes over last year.)
Click to expand...

It's not a long article. You should read it.
 
SlyPokerCat said:
They are not doubling exemptions. They got rid of them. They increased the standard deduction, which screws those of us that itemized because we no longer get exemptions.

You are correct that the middle class is different. Bob the middle class dude in Iowa where cost of living is low is gonna be fine. The middle class that gets fucked are people in Oregon, California, Washington where cost of living and housing is substantially higher and 100k/year isnt that much.

Btw, I didnt know deducting mortgage interest, property taxes and state and local income taxes was "everything under the sun."
Click to expand...
No, but for most people it's the lion's share.
 
aqAuDp1.jpg
 
BrianFromWA said:
Without reading the article, is there anything in it that discusses the impact (both on income tax revenue and buying power) in having a million or so more people in the workforce than in 2016?

(Disclosure, my take-home has gone up slightly and I'm estimated--per the calculators, so I'll believe it when I see it--to save about $5k in taxes over last year.)
Click to expand...

Many ways to take advantage of the new code.
I was getting nothing for write offs for mortgage interest, property tax, and energy investments credit. So I sold my home to my daughter. Now she pays the tax and gets the credit. The wife and I get the double standard and the energy tax credit combine to
enough so , I told my wife to convert her IRA account (a big chunk) to and actual interest paying account at the Navy Credit Union.
There will be no taxes due. :cool2:
 
MarAzul said:
Many ways to take advantage of the new code.
I was getting nothing for write offs for mortgage interest, property tax, and energy investments credit. So I sold my home to my daughter. Now she pays the tax and gets the credit. The wife and I get the double standard and the energy tax credit combine to
enough so , I told my wife to convert her IRA account (a big chunk) to and actual interest paying account at the Navy Credit Union.
There will be no taxes due. :cool2:
Click to expand...
A tax avoider?!? Holy shit! That's not american!
 
[QUOTE="SlyPokerCat, post: 4545151, membe]How can you live with yourself paying zero this year for all the great benefits you get to reap. That's welfare![/QUOTE]

Wonder if i should mention to him that i have 2 very good friends that are lawyers for the IRS.:bgrin:
 
SlyPokerCat said:
They are not doubling exemptions. They got rid of them. They increased the standard deduction, which screws those of us that itemized because we no longer get exemptions.

You are correct that the middle class is different. Bob the middle class dude in Iowa where cost of living is low is gonna be fine. The middle class that gets fucked are people in Oregon, California, Washington where cost of living and housing is substantially higher and 100k/year isnt that much.

Btw, I didnt know deducting mortgage interest, property taxes and state and local income taxes was "everything under the sun."
Click to expand...
I meant they double deductions.
 
SlyPokerCat said:
A tax avoider?!? Holy shit! That's not american!
Click to expand...

It just reoccurred to me an old memory, Tax avoidance is your responsibility as an American. Tax evasion it a criminal act to be avoided by all Americans. All Americans needs to learn this principle.
 
MarAzul said:
It just reoccurred to me an old memory, Tax avoidance is your responsibility as an American. Tax evasion it a criminal act to be avoided by all Americans. All Americans needs to learn this principle.
Click to expand...
I didn't know you were totally for welfare. Getting benefits without paying for them. Good on you Marzy.
 
SlyPokerCat said:
That's great! You're living off the govt. I approve.
Click to expand...

Well I don't see it that way. The SS is dreadful ponzi scheme that will never work. It is also over loaded with other social do good burdens that insure it can never work. But when you must play, you have no choice, no recourse. They take but they do not repay in like kind.
But you have no choice but to play. I began paying before you could imagine, way back when, it was a grand deal for those collecting at that time.
I see people all over complain of needing a raise in pay, to keep with the cost of living. Ha! it never happens when you collect Social Security.
What a scheme!

I do not consider any VA benefits as a "living off of" valid observation. If you do then that is really worth another discussion.
 
Last edited:
The Marzy Plan

Step 1: receive govt benefits through the VA

Step 2: pay no taxes

Step 3: receive checks from the govt every month.
 
So many of my small business clients are adding employees, adding employee benefits and raising salaries. That is good for them and good for the families of the new hires as well as the current employees they already have.

People can hate all they want but it has had real meaning to real families and I get to see that in their statements every month.
 
You must log in or register to reply here.
Back
Top