Posted on 10/22/2017 11:44:11 AM PDT by newberger
What's better, having no job or getting taxed a bit more?
What Trump needs to do is link this to an executive order forbidding ALL hiring of non-citizens and the immediate expulsion of all foreign workers.
We'd have 20% GDP growth within 6 months.
None of this will change the fact that All Money is loaned in to society by the Federal Reserve Corporation with interest, and this will not change the perpetual debt cycle to complete collapse.
Only Abolishing Credit Money will cure the disease, the rest is just bandaids on a gunshot wound.
I’m in favor of cutting business taxes even if it means paying a bit more myself. Why? Something about a rising tide...
Nice way to tarnish your thoughts before the first word in the body of text is posted.
I want a decent tax cut across the board.
This doesn't makes sense.
This guy complains that if you don't pay more than $24k per year in interest on your home mortgage, you lose out.
No you don't. You simply don't need to itemize. You get the $24k deduction on the simple form.
If your mortgage interest and other deductions are larger than $24k, then itemize. Duh!
As for deductions for children, I think it would be stupid to take that away. If anything, we want to incentivize our middle class to have more kids.
Once again though, that $24k deduction per husband and wife is $12k more than it was. At $2k per child, that covers six of them.
It’s impossible to cut tax rates in any meaningful way without mostly cutting the rates of higher income people.
They are the ones paying most of the taxes.
I’ve seen three, now, Freepers who seem to see the loss of deductions but not the increased standard deduction and the lower tax rate (never mind the other effects).
Funny how people’s perceptions work.
He’s not arguing against cutting taxes for higher incomes. He’s arguing against RAISING them for middle incomes - and that seems to be a possible outcome of the current plan , though details are still sketchy. If it does turn out to be right, then the authors concerns are valid
Have a good deduction for children and get rid of the child tax credit.
We don’t need to be sending child tax credits to Mexico
The law hasn’t been written and already this site (ostensibly Christian) employs an author whose screed is one long complaint.
It’s not $2,000 per personal exemption (including parents *and* kids).
The exemption in 2016 was $4,050 per person. For a couple with two kids, that’s $16,200.
AND . . . personal exemptions are in addition to your deductions (standard or itemized).
This is huge hit for typical families.
Not sure how much money going to Mexico is in post tax dollars.
The child deduction is fine with me.
The same applies. The couple’s $12k is about to got to $24k.
That difference would certainly cover a few kids.
Only if you can afford a boat. How is raising my taxes going to make it easier for me to keep my head above water?
Scare tactics by the left. You can’t cut so much as a penny from any tax without them claiming we’re all going to die.
The fact is the individual/married deduction doubles, which covers losses otherwise.
This helps to make States with high taxes such as Kali and NY cut theirs too.
Come on! The is *being* written and these problems are in the proposal. NOW, is the time to object to problem areas.
“How is raising my taxes “
Because some left-wing nutjob says so you believe them?
Ye of little faith.
I remain unconvinced this is going to go south on the middle-class. It may, and if it does, I’ll oppose it.
Hang in there. We’ve seen the media game us at every turn this year.
“How is raising my taxes going to make it easier for me to keep my head above water? “
Make it easier to find work at a decent-paying job. When businesses grow - and when they are not chased overseas by high taxes - everyone is better off. Being able to switch jobs if you wish because there are plenty of jobs out there is more valuable, long term, than $500 in taxes.
Please note that personal exemptions ($4,050) and deductions are additive. You get *both* unless, of course, personal exemptions are eliminated as in the current proposal.
A couple with 2 kids would lose $16,200 in exemptions totally apart from deductions.
I am not sure how much money is going to Mexico either but any amount is too much.
There was a case where about 6 or more child credit payments were going to one household where only 2 kids lived. Money for the 4 or more was resent to Mexico. I doubt that is the only family doing that.
The child credit is a scam. A proper deduction is the only fair way.
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