80,000 pages of tax regulations, and I seriously believe that deductions serve the lower economic classes because I qualify for two or three of them. Gnaw the bones you are thrown, I guess.
A fair tax rate without deductions wouldn’t be fair to the lobbyists writing the language for inclusion that becomes our laws. Better to levy at 90% and allow deductions to make it an effective 12% plus tax lawyer fees, where the lower classes pay at 10% to 28% and have deductions to make their effective rates 9.5% to 25%.
It isn’t actual fairness we seek. We only seek the ability to assert that we are being fair in a way that the common folk can be made to believe. They will fight for a higher cost of living as long as they think they are punishing the rich.
“Sounds true?” It IS true-but the good news is that newly richer CEOs and investors are gonna pass down some of the money to suffering Americans. Really. Honestly. Just ask any republican senator who’s gonna vote for this giveaway. But all this pass-through money is gonna create new high-paying jobs that will help ease the suddenly higher national debt and reduce it, magically. Really. Honestly. Trust me on this.
And by cracking down on those freeloading teachers, we can preserve the needed deduction for (cough, cough) golf course owners (true fact about the Republiklan tax scam).
Sure, this Tax Scam…er…PLAN is great for Middle Class Americans! Sure it is! Yeah, THAT’S the ticket! While we are at it, I have a bridge for sale with a GREAT VIEW of Brooklyn! Not to mention some FINE oceanfront land in Kansas. Any takers???
Chew on this. The fiscally conservative Republicans, who have screamed for decades about lowering government debt, are – if their current TAX REFORM scheme passes today – about to add over a TRILLION Dollars in debt to the Federal Government within the next ten years, thanks to their trickle down voodoo and tax breaks for the rich.
- Goldman Sachs, for its part, sounded the alarm Thursday in a note to clients that the national debt is on track to hit unsustainable levels in coming years. The Wall Street bank noted that America’s debt is already at the highest level since 1950 as a fraction of the economy: “The tax reform bill and spending increases that are making their way through Congress should increase the deficit further, raising it from 3.2% of GDP in 2016 to 5.1% in 2021.”
The whole rush to pass this kidney stone of a bill is to give Trump a “win.” The only “win” Trump deserves would be to have President Mike Pence pardon him, and Ivanka, and Donald Jr. , and Eric. (Probably not Jared Kushner, of course, because who the hell likes HIM?)
Why would the Republicans want teachers to buy supplies for the classroom? They don’t want our children to get a good education, then they would question the authoritarian right-wingers.
Meanwhile we will choke on this tax cut bill and deficits that will bury our grandchildren, having already killed off the middle class. The irony of it is that who’s going to support the elite 1% when the rest of us are so poor that we don’t have any money anyway?
As I said before. If this tax farrago passes, and it will, the best guess for the major U.S. Stock Market balloon burst, is Feb. 2018 – and it’s going to make the Crash of 1929 look like a Wall Street hiccup !
Don’t laugh. I predicted, right in this comment section back in 2015 that tRUMP would get himself elected Emperor…er…President.
Brass Orchid Premium Member almost 7 years ago
80,000 pages of tax regulations, and I seriously believe that deductions serve the lower economic classes because I qualify for two or three of them. Gnaw the bones you are thrown, I guess.
A fair tax rate without deductions wouldn’t be fair to the lobbyists writing the language for inclusion that becomes our laws. Better to levy at 90% and allow deductions to make it an effective 12% plus tax lawyer fees, where the lower classes pay at 10% to 28% and have deductions to make their effective rates 9.5% to 25%.
It isn’t actual fairness we seek. We only seek the ability to assert that we are being fair in a way that the common folk can be made to believe. They will fight for a higher cost of living as long as they think they are punishing the rich.
boydpercy Premium Member almost 7 years ago
The rich get richer and everyone else gets squat.
Ontman almost 7 years ago
It’s sad how true this sounds.
Serial Pedant almost 7 years ago
“Sounds true?” It IS true-but the good news is that newly richer CEOs and investors are gonna pass down some of the money to suffering Americans. Really. Honestly. Just ask any republican senator who’s gonna vote for this giveaway. But all this pass-through money is gonna create new high-paying jobs that will help ease the suddenly higher national debt and reduce it, magically. Really. Honestly. Trust me on this.
Cozmik Cowboy almost 7 years ago
And by cracking down on those freeloading teachers, we can preserve the needed deduction for (cough, cough) golf course owners (true fact about the Republiklan tax scam).
Masterskrain almost 7 years ago
Sure, this Tax Scam…er…PLAN is great for Middle Class Americans! Sure it is! Yeah, THAT’S the ticket! While we are at it, I have a bridge for sale with a GREAT VIEW of Brooklyn! Not to mention some FINE oceanfront land in Kansas. Any takers???
Linguist almost 7 years ago
Chew on this. The fiscally conservative Republicans, who have screamed for decades about lowering government debt, are – if their current TAX REFORM scheme passes today – about to add over a TRILLION Dollars in debt to the Federal Government within the next ten years, thanks to their trickle down voodoo and tax breaks for the rich.
Funny_Ha_Ha almost 7 years ago
Now kids believe all planets look like golf balls.
Radish... almost 7 years ago
Republicans only service the donor class.
Linguist almost 7 years ago
- Goldman Sachs, for its part, sounded the alarm Thursday in a note to clients that the national debt is on track to hit unsustainable levels in coming years. The Wall Street bank noted that America’s debt is already at the highest level since 1950 as a fraction of the economy: “The tax reform bill and spending increases that are making their way through Congress should increase the deficit further, raising it from 3.2% of GDP in 2016 to 5.1% in 2021.”
- Washington Post 01/12/2017
steverinoCT almost 7 years ago
So with Justice Scalia gone, we have to settle for Trump: Man Of Action!
Masterskrain almost 7 years ago
Flynn just copped a guilty plea to lying to the F.B.I.! The noose is getting tighter…
Godfreydaniel almost 7 years ago
The whole rush to pass this kidney stone of a bill is to give Trump a “win.” The only “win” Trump deserves would be to have President Mike Pence pardon him, and Ivanka, and Donald Jr. , and Eric. (Probably not Jared Kushner, of course, because who the hell likes HIM?)
Jesy Bertz Premium Member almost 7 years ago
Brilliant!
Mr. Blawt almost 7 years ago
Why would the Republicans want teachers to buy supplies for the classroom? They don’t want our children to get a good education, then they would question the authoritarian right-wingers.
Sadandconfused9 almost 7 years ago
Meanwhile we will choke on this tax cut bill and deficits that will bury our grandchildren, having already killed off the middle class. The irony of it is that who’s going to support the elite 1% when the rest of us are so poor that we don’t have any money anyway?
Teto85 Premium Member almost 7 years ago
Truck Fump
Linguist almost 7 years ago
As I said before. If this tax farrago passes, and it will, the best guess for the major U.S. Stock Market balloon burst, is Feb. 2018 – and it’s going to make the Crash of 1929 look like a Wall Street hiccup !
Don’t laugh. I predicted, right in this comment section back in 2015 that tRUMP would get himself elected Emperor…er…President.
Kip W almost 7 years ago
“Chinese technology is wiping the floor with us! Quick, make it harder to get any sort of education!!”