Tax Cuts
POSTED BY: THGRRI
UPDATED: Thursday, April 17, 2025 01:12
VIEWED: 22355
PAGE 3 of 20
Quote:Luckily, Trump voters won't understand that when Trump Jr inherits real estate or stock and later sells it, he pays capital gains tax based only on the value of the property as of the date of Trump Senior's death. All those $billions capital gains during Trump's life will transfer tax free. Neither Senior nor Junior will ever pay income tax on those capital gains. It has been in the tax code forever and the latest "reform" did not repeal it. The reform could have placed an upper limit, like only the first $2 billion is tax free, but it did not.
Originally posted by 6IXSTRINGJACK:
Hope you've been investing in that moat that I suggested to you a while back, Second.
www.nolo.com/legal-encyclopedia/if-you-inherit-home-do-you-qualify-the
-home-sale-tax-exclusion.html
I'm perfectly safe because Trump voters, although they know something went wrong with their lives, will never understand in detail that it was the GOP's fault. The GOP will say it is Fake News and was really all Obama's fault and that's good enough explanation for them. The Democratic voters will be passive and unarmed, as is their way, and do nothing.
The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly
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Republicans Despise the Working Class, Continued
www.nytimes.com/2017/12/20/opinion/republicans-despise-the-working-cla
ss-continued.html
Republicans have developed a deep disdain for people who just work for a living, and this disdain shines through everything they do. Consider, in particular, the tweet Texas Senator John Cornyn put out about how the tax bill will help what he apparently imagines is an ordinary family:
Senator John Cornyn @JohnCornyn
Under #TaxCutsandJobsAct a married couple earning $100,000 per year ($60,000 from wages, $25,000 from their noncorporate business, and $15,000 in business income) will receive a tax cut of $2,603.50, a reduction of nearly 24 percent.
7:10 AM-19 Dec 2017
Yes, just your ordinary family that owns two businesses accounting for 40% of its income.
In reality, the vast majority of middle-class households have no business income . . .
The top 1% accounts for more than half of business income, and the top 5% for around 70% of the total. Since the value of the pass-through tax break depends on how high a marginal rate you pay on ordinary income, the benefits are even more skewed to the top.
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Quote:
Originally posted by second:
Republicans Despise the Working Class, Continued
www.nytimes.com/2017/12/20/opinion/republicans-despise-the-working-cla
ss-continued.html
Republicans have developed a deep disdain for people who just work for a living, and this disdain shines through everything they do. Consider, in particular, the tweet Texas Senator John Cornyn put out about how the tax bill will help what he apparently imagines is an ordinary family:
Senator John Cornyn @JohnCornyn
Under #TaxCutsandJobsAct a married couple earning $100,000 per year ($60,000 from wages, $25,000 from their noncorporate business, and $15,000 in business income) will receive a tax cut of $2,603.50, a reduction of nearly 24 percent.
7:10 AM-19 Dec 2017
Yes, just your ordinary family that owns two businesses accounting for 40% of its income.
In reality, the vast majority of middle-class households have no business income . . .
The top 1% accounts for more than half of business income, and the top 5% for around 70% of the total. Since the value of the pass-through tax break depends on how high a marginal rate you pay on ordinary income, the benefits are even more skewed to the top.
Insufficient data to make a determination here.
What would be the comparative tax break, if any, for a family making $100k of pure wage income?
I think "despise the working class" is a bit melodramatic, don't you? The Republicans use us to their great advantage, just as the Democrats do.
Do Right, Be Right. :)
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Quote:I don't agree that the Democrats take advantage of you. The thing that always trips up Republican voters is they are not humble. They have a mightily inflated sense of their worth to the world. It makes them extremely vulnerable to insincere flattery and lies. It makes them extremely sensitive to slights against their "dignity" and they lap up fake respect like a cat lapping up milk. None of these character traits serve them well. If they really were intrinsically useful, they'd be paid more. Think doctor, lawyer, basketball player. They are better compensated because they made themselves more useful. You can make yourself useful by understanding how the GOP is scamming you and stopping them with either a ballot or a bullet. Malcolm Reynolds can kill with style, not the average Joe. A bullet is much harder to pull off with panache than a ballot. If you hit the wrong target with either ballot or bullet, you have only made things worse.
Originally posted by 6IXSTRINGJACK:
I think "despise the working class" is a bit melodramatic, don't you? The Republicans use us to their great advantage, just as the Democrats do.
The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly
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Wow. I get it now. You're just insane. Like a rich Willie Wonka type.
What's your great and valuable skill? Winning the birth lottery and getting Daddy's oil?
Go fuck yourself, Second.
Do Right, Be Right. :)
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Quote:6ixStringJack, is your business making you cranky, bitter and estranged?
Originally posted by 6IXSTRINGJACK:
Wow. I get it now. You're just insane. Like a rich Willie Wonka type.
What's your great and valuable skill? Winning the birth lottery and getting Daddy's oil?
Go fuck yourself, Second.
My business is more natural gas than crude oil. My Father didn't have oil, except for what was in the deep fat fryers at Burger King. He called himself a "Restaurateur", which is a fancy name for a Burger King manager in the town of South Houston, not to be confused with Houston, a major city. You and Republicans in general share something with my Father about having fancy and pretensions ideas about yourselves that can't be supported by your actual livelihood.
I and my older sister (occasionally my mother, too) worked at Burger King because of nepotism; I took advantage of my family connections to start working weekends when I was 13. (Later, my younger sister worked at Dairy Queen because we are a family of Restaurateurs.) I really liked my hamburger job, too. The other employees asked many times if I wanted to manage a Burger King just like my Father. I had a different plan. Having written that true story for 6ixStringJack's amusement, I'll get to taxes.
I am of two minds about the tax bill.
1) One half of me thinks it is bad because it is solely supported by Republicans. Republicans will keep voting Republican because that is all they can think to do, even if they think the bill is unfair. Kind of like my Father, stuck in a rut at Burger King until he died. My sister inherited when my Mother died the old Burger King sign (a king seated upon a burger) that decorated the "dining room" at the "restaurant". She is not displaying the sign with the respect it deserves. I think I'll ask for it so I can have proof of my origins and inheritance.
2) The other half of me thinks the tax bill is great for me. Senator Corker was rather offended about what people were saying about his character and morals since he had previously claimed he absolutely would not vote for the tax bill. But then the bill was modified in a way that cut Corker's taxes on real estate income. Also cut Trump's tax bill. Corker's local paper politely covered the story: www.tennessean.com/story/news/politics/2017/12/17/sen-bob-corker-says-
he-had-no-role-tax-bill-provision-could-benefit-him-financially/959543001/
The whole affair inspired an editorial cartoon that went like this: www.gocomics.com/tomtoles/2017/12/20
Senator Corker: "They're saying I only support the Tax Bill because it enriches me personally."
Trump: "Don't worry about it, Bob."
The GOP: "That's why we all support it. You'll feel better when you start cashing your checks."
I, too, will feel better when I start cashing my checks. I voted for Hillary, but she would never have delivered the money, making me delightfully giddy that Trump won.
The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly
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Quote:
Originally posted by THGRRI:
Republicans Bet Tax Cuts Would Help Their Political Fortunes. They May Have Misread That
Therez a chart on this page, http://www.slate.com/articles/business/moneybox/2014/09/americans_have
_no_idea_how_bad_inequality_is_new_harvard_business_school.html , that comparez wut Americanz think the welth distribution shoud be, wut they think it iz and wut it really iz.
Rachel had it on her show the other day to help explain how rediculous the tax cut for the welthy iz.
The more you think about it, the scarier ut gets.
----------------------------
DUZ XaT SEM RiT TQ YQ? - Jubal Early
http://www.7532020.com
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Quote:
Originally posted by second:
Having written that true story for 6ixStringJack's amusement, I'll get to taxes.
Completely ignoring your autobiography since I don't believe anything you have to say about politics or the real world in the first place. I still suspect you're 23 years old and living in your mom's basement.
Quote:
I am of two minds about the tax bill.
Do tell...
Quote:
1) One half of me thinks it is bad because it is solely supported by Republicans. Republicans will keep voting Republican because that is all they can think to do, even if they think the bill is unfair.
Oh... you mean, just like Democrats.
Quote:
I, too, will feel better when I start cashing my checks. I voted for Hillary, but she would never have delivered the money, making me delightfully giddy that Trump won.
So you've said at least three times before. You're a shitty and duplicitous person who doesn't really want any change. You can be a Democrat and get the best of both worlds since nothing ever changes.
Do Right, Be Right. :)
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Quote:Darn it, and I believed everything you wrote about yourself. All your writings hanged together beautifully and were very consistent.
Originally posted by 6IXSTRINGJACK:Quote:
Originally posted by second:
Having written that true story for 6ixStringJack's amusement, I'll get to taxes.
Completely ignoring your autobiography since I don't believe anything you have to say about politics or the real world in the first place. I still suspect you're 23 years old and living in your mom's basement.Quote:
I am of two minds about the tax bill.
Do tell...Quote:
1) One half of me thinks it is bad because it is solely supported by Republicans. Republicans will keep voting Republican because that is all they can think to do, even if they think the bill is unfair.
Oh... you mean, just like Democrats.Quote:
I, too, will feel better when I start cashing my checks. I voted for Hillary, but she would never have delivered the money, making me delightfully giddy that Trump won.
So you've said at least three times before. You're a shitty and duplicitous person who doesn't really want any change. You can be a Democrat and get the best of both worlds since nothing ever changes.
http://fireflyfans.net/mthread.aspx?bid=18&tid=61333&mid=10434
41#1043441
I consistently believe that altering the tax code will NOT actually boost the economy. The tax rates were much higher in the past and the economy boomed wayback then, you know, from WWII to the last lunar landing. It boomed because the Federal government was spending freely on all kinds of things that the GOP did not approve of.
The fastest way for the US to get back to those boom years again would be to freely spend on all kinds of things that the GOP does not approve of but the Democratic Party does approve. That would require taxes to be raised on the wealthy, rather than lowered. But 6ixStringJack has made his choice for lower taxes and therefore America will NOT boom for the bottom 50% of Americans. Too bad for them, but what can I do about the GOP? Nothing more than cash the checks the GOP sends me with their new tax bill. I'm not too proud to accept free money.
The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly
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Quote:how you thinking?
Originally posted by THGRRI:
Will or won't the bill pass? I'm thinking probably not.
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