Home › Forums › MGTOW Central › The Tax Cut Is Here!
This topic contains 22 replies, has 17 voices, and was last updated by 
DarkRyu 2 years, 1 month ago.
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Finally, a tax cut on the POTUS desk today. I’m sure the guys who deal with this stuff as a living on here will have more to say about it and more informed opinions than I have.
But if you look at this article from the AP, you would think they just cut all taxes for the rich and raised taxes on the poor.
In the video, Pelosi is heard before the vote saying this is the worst piece of legislation in recent memory. This is coming from the woman that took the lead in passing Obamacare.
Like a bird on the wire, like a drunk midnight choir, I have tried in my way to be free.
I don’t think this tax cut helps me at all. Both parties are corrupt. They work for their donors. Trump is a politician and no different in my opinion. He can say that he is a businessman, but that was before he decided to run for office. He is part of the swamp now.
I don’t think this tax cut helps me at all.
Yeah, Gambit. But I’m looking forward to the final details being poured over by professional accountants and market guys, not media outlets that have an ax to grind.
Like a bird on the wire, like a drunk midnight choir, I have tried in my way to be free.
I tend to think of it in terms of principle. From that regard, I don’t care if my personal taxes are lowered, or if the rich got a bigger tax break than the poor. I do not care whether or not certain government programs can be funded properly or not. I don’t care if it increases or decreases the economy.
The reality is that the government is getting smaller today, or at least pointed in that direction. That can be nothing but a positive.
I understand that there is a wealth inequality problem in America today. That does not mean that the problem should be solved by taxation as normal (which has not done anything for wealth inequality) and certainly not by the government continuing to distribute wealth as it sees fit. The answer is to block ways of generating income that do accomplish any work or benefit society. That means to fix banking laws and regulations that allow monopolies to exist and make money for doing nothing.
I am glad for the tax cut, but I do not think it goes far enough. Taxes is less of a problem then the spending though. I would be happier with a 20-30% cut in spending then this cut in taxes. Hopefully cuts in spending will follow.
It really comes down to a change in mindset. If people are dependent on a government program, than the government program needs to go. Yes, people will suffer, and they will either learn to do without or continue to suffer.
Ok. Then do it.
A great day to be an American! MAGA!
The best part to me is the repeal of the individual mandate. F~~~ Hussein Obama!!!!!
Anonymous42I beat them to it! And I made the cuts much deeper! All the way through to the other side!
Like a guillotine!
President Donald Trump is the rarest of the rare. A politician whom KEEPS his campaign promises.
Let the salt mining commence.
This about whether Trump signs the bill this year or next year:
“The chief obstacle to Trump signing the bill, according to Cohn, is the statutory “pay as you go” budget rule. If the bill is signed in 2017, beginning in 2018, that rule would enforce a mandatory sequester on select government programs, including Medicare, because of the bill’s impact on the federal deficit.
However, if Trump delays signing the bill until early 2018, the pay-go sequester wouldn’t take effect until 2019.
The expectation, Cohn said, is that lawmakers will vote to waive the pay-go rule in a short-term continuing resolution, which is expected to be voted on later this week.
“If we can get pay-go waived in the CR, we will sign the tax bill this year,” Cohn said.”So, Congress needs to pass a pay-go waiver this year before the bill is signed or else they can’t come back and mess with Medicare next year. If the bill is signed this year, then you know they passed the waiver. If it’s signed next year then you know they couldn’t. Either way it’s a pretty clear signal that Congress and Trump are going after expenditures next year.
Order the good wine
President Donald Trump is the rarest of the rare. A politician whom KEEPS his campaign promises.
Let the salt mining commence.
I dig it. F~~~ the Dems. I won’t see much of a difference in my pay check but I’m happy for all those who have a business.
Peace is > piece.
This about whether Trump signs the bill this year or next year:
“The chief obstacle to Trump signing the bill, according to Cohn, is the statutory “pay as you go” budget rule. If the bill is signed in 2017, beginning in 2018, that rule would enforce a mandatory sequester on select government programs, including Medicare, because of the bill’s impact on the federal deficit.
However, if Trump delays signing the bill until early 2018, the pay-go sequester wouldn’t take effect until 2019.
The expectation, Cohn said, is that lawmakers will vote to waive the pay-go rule in a short-term continuing resolution, which is expected to be voted on later this week.
“If we can get pay-go waived in the CR, we will sign the tax bill this year,” Cohn said.”So, Congress needs to pass a pay-go waiver this year before the bill is signed or else they can’t come back and mess with Medicare next year. If the bill is signed this year, then you know they passed the waiver. If it’s signed next year then you know they couldn’t. Either way it’s a pretty clear signal that Congress and Trump are going after expenditures next year.
Of course it is over ten days to the new years, so if he waits it is pocket veto on Jan 1st.
Sign the bill.
Now for our military and disabled vets to get their raises!
No Wife - No Strife
A great day to be an American! MAGA!
The best part to me is the repeal of the individual mandate. F~~~ Hussein Obama!!!!!
Wait what? They got rid of the mandate?
Wait what? They got rid of the mandate?
Yup!!!!
https://www.cnbc.com/2017/12/20/congress-is-dealing-2-big-blows-to-obama-era-health-law.html
My favorite part of this tax cut is sending a message to States with big governments (California, New York, etc) that the rest of the country will no longer subsidize your big state government. Before this cut, people in California, New York, etc could deduct their state taxes, which means the Federal Government would increase taxes on the rest of the country to make up the shortfall from those deductions. Hence people in other States were effectively helping to pay the state taxes in California, New York, etc. NO MORE. Now people in California, New York, etc will have to pay more federal tax (since no more state tax deductions) which means the rest of us aren’t picking up the tab. Message I get from this?
If you live in State with big government like New York or California:
(A) Get the hell out, or
(B) Force your State Government to downsizeI don’t care if my personal taxes are lowered, or if the rich got a bigger tax break than the poor.
Oh…but the people who pay the least seem to care the most someone else got a tax cut, as they turn around and demand the most in handouts.
I am glad for the tax cut, but I do not think it goes far enough. Taxes is less of a problem then the spending though. I would be happier with a 20-30% cut in spending then this cut in taxes. Hopefully cuts in spending will follow.
Agreed. I was hoping while Republicans controlled both houses and the presidency they’d take a bite out of spending…so far that hasn’t seemed to be a priority. I guess if we go broke enough we’ll have to slow up on spending but I’d rather we do it now in a more controlled and less painful manner than let the s~~~ hit the fan and do it because we have no choice.
I understand that there is a wealth inequality problem in America today. That does not mean that the problem should be solved by taxation as normal (which has not done anything for wealth inequality) and certainly not by the government continuing to distribute wealth as it sees fit. The answer is to block ways of generating income that do accomplish any work or benefit society. That means to fix banking laws and regulations that allow monopolies to exist and make money for doing nothing.
I don’t think most people realize this. Wealth inequality increased by a greater amount during 8 years of Obama, the redistributor in chief, than it did under Bush, who as all Republicans are was constantly accused of being only for the 1%. Are those policies helping or just making people more dependent? Yeah you can always point out a rags to riches story that some welfare program helped them get back on their feet…but the people who want to use stories like that to try to act like these programs are working turn a blind eye when someone else points out dozens of cases of fraud, abuse, and people making a career out of milking the system.
The thing that I always laugh at is income taxes are always the hot topic, and capital gains rates rarely make the debate. Well…the super rich aren’t really paying income taxes…they’re paying capital gains taxes. I can make 150k a year punching a clock and after I factor in social security, medicare, state, and federal income taxes my I’m effective tax rate is probably around 30-35%, where as if I had a few mil sitting in the market and was just collecting 150k in dividends as my sole source of income, my effective tax rate would work out to about 10%. Maybe those numbers should meet in the middle somewhere. I’m not just saying that because I’m a broke joker not benefiting from capital gains rates, I’m shooting to retire before 40 thanks to them being so low, but I just don’t see the point in our current “progressive” tax brackets when the wealthiest are basically excluded and get lower rates than the worker bees.
My favorite part of this tax cut is sending a message to States with big governments (California, New York, etc) that the rest of the country will no longer subsidize your big state government. Before this cut, people in California, New York, etc could deduct their state taxes, which means the Federal Government would increase taxes on the rest of the country to make up the shortfall from those deductions. Hence people in other States were effectively helping to pay the state taxes in California, New York, etc. NO MORE. Now people in California, New York, etc will have to pay more federal tax (since no more state tax deductions) which means the rest of us aren’t picking up the tab. Message I get from this?
If you live in State with big government like New York or California:
(A) Get the hell out, or
(B) Force your State Government to downsizeHell yeah man…I live in a s~~~ty high tax blue state, and I’m happy about this lol. The thing that cracks me up is you always get to listen to them talk about how red states get more federal money spent on them than they pay in, hence they had to subsidize stupid red states…yet here they are…crying about what is probably the biggest federal subsidy in existence that heavily benefits high tax blue states going away lol. It would be interesting if to see how the numbers on federal spending shifted if they accounted for those subsidies in the past.
I understand that there is a wealth inequality problem in America today. That does not mean that the problem should be solved by taxation as normal (which has not done anything for wealth inequality) and certainly not by the government continuing to distribute wealth as it sees fit. The answer is to block ways of generating income that do accomplish any work or benefit society. That means to fix banking laws and regulations that allow monopolies to exist and make money for doing nothing.
As you said in previous paragraph, less government is better. The crony corporations who are receiving government subsidies and avoiding government regulation due to $$$ in lobbying (Google, Facebook) are the real problem. When government gets smaller and gets its hands out of EVERYTHING except:
(1) military to protect us from foreign enemies
(2) border protection to prevent illegals entering
(3) justice system to settle legal disputes and punish criminals
we’ll be in good shapeThe prop. tax limit is going to hurt home values for anything over 750k I believe. Doesn’t effect me, but I am sure some will. Aside from that, I get a nice little tax cut. I like money. I like it even better when it stays in my bank account.
While I wish it was a permanent cut for individuals, I can understand the Republicans making it only 7 years long…in 2024 when Trump leaves their pitch to voters is “You like that tax cut? You better keep us in power!”
This about whether Trump signs the bill this year or next year:
“The chief obstacle to Trump signing the bill, according to Cohn, is the statutory “pay as you go” budget rule. If the bill is signed in 2017, beginning in 2018, that rule would enforce a mandatory sequester on select government programs, including Medicare, because of the bill’s impact on the federal deficit.
However, if Trump delays signing the bill until early 2018, the pay-go sequester wouldn’t take effect until 2019.
The expectation, Cohn said, is that lawmakers will vote to waive the pay-go rule in a short-term continuing resolution, which is expected to be voted on later this week.
“If we can get pay-go waived in the CR, we will sign the tax bill this year,” Cohn said.”So, Congress needs to pass a pay-go waiver this year before the bill is signed or else they can’t come back and mess with Medicare next year. If the bill is signed this year, then you know they passed the waiver. If it’s signed next year then you know they couldn’t. Either way it’s a pretty clear signal that Congress and Trump are going after expenditures next year.
I’m Dutch, and English isn’t my first language, AND I don’t follow politics and laws and rules, so could you please break it down to a level a child could understand and explain this to me? I want to know exactly what’s happening before I form my opinion on this (liberals would call me a nazi here, hah).
"One of the best things internet exposed is just how insane women are." - Freeman_K
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