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| Trumps tax plan; Tax reform | |
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| Tweet Topic Started: Apr 11 2017, 11:07 PM (666 Views) | |
| ringotuna | Dec 20 2017, 06:05 AM Post #21 |
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Actually I don't go to the bars anymore. But here's how I figure it. If I occasionally bag up a bunch of beer cans and sell them for scrap aluminum.....As a professional recycler, I should be able to deduct the original cost of the beer....Right? Makes sense to me.
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| Ringoism: Never underestimate the advantages of being underestimated. | |
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| nNeo | Dec 20 2017, 11:42 AM Post #22 |
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We're near what most economists consider full employment
8+ American jobs are being replaced by automation for every one that goes abroad. Most of the ones that have been outsourced are low wage, repetitive tasks that few Americans want to do.
Because wages have not kept pace with costs. This is not due to taxes.
Investors and corporations benefit from this plan, workers not so much, and the 'middle class cuts' are only temporary. By year 8 almost everyone is paying more, except the super rich.
It isn't any simpler, and the last minute additions are going to need revision, which will add millions in accounting costs and legal fees.
America is globally competitive in many areas. We aren't going to take back low wage manufacturing, and frankly, we don't want it. Global trade is the path to prosperity, not candy for real estate investors. It adds at least $1t, probably more. No one supporting this bill can claim fiscal responsibility. It's reckless self-interest by the .01% at the expense of citizens. Miserable failure. Edited by nNeo, Dec 20 2017, 11:54 AM.
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| “Strong people don’t need strong leaders.” | |
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| thoughtless | Dec 20 2017, 01:18 PM Post #23 |
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The middle class tax cuts are temporary, in order to keep the deficit within the $1.4T limit required for the senate to pass the bill under reconciliation. However, Republicans are claiming that the middle class doesn't have to worry, because the cuts will likely be renewed by a future congress. In other words, they have found a way to increase the deficit beyond the $1.4T, with a simple majority. And they wonder why the young people that will have to pay for this, don't like them. |
| Without geometry, life is pointless. | |
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8:46 PM Jul 10