Horse Racing Forum - PaceAdvantage.Com - Horse Racing Message Board

		Horse Racing Forum - PaceAdvantage.Com - Horse Racing Message Board > Search Forums
Search Results

Page 1 of 2

Showing results 1 to 25 of 27
Search took 0.01 seconds. Search: Posts Made By: AndyC

Forum: Off Topic - General

12-03-2017, 03:50 PM

Replies: 343

Tax Reform

Views: 26,505

Posted By AndyC

What exactly are the poor transferring? It's...

What exactly are the poor transferring? It's hard to cut taxes from negative to more negative.

Forum: Off Topic - General

12-03-2017, 11:03 AM

Replies: 343

Tax Reform

Views: 26,505

Posted By AndyC

What I don't like is that it narrows the tax base...

What I don't like is that it narrows the tax base once again. When the majority of voters are not paying any income taxes the welfare state will be unstoppable.

Forum: Off Topic - General

12-02-2017, 08:47 PM

Replies: 343

Tax Reform

Views: 26,505

Posted By AndyC

The lenders aren't keeping your mortgage...

The lenders aren't keeping your mortgage insurance so I am not sure why the banks are the evil party.

Forum: Off Topic - General

11-30-2017, 11:02 PM

Replies: 343

Tax Reform

Views: 26,505

Posted By AndyC

Apparently this rocket scientist Simon Maloy...

Apparently this rocket scientist Simon Maloy suffers from the same malady most liberals suffer from....ignorance. He actually retweeted this nonsense "I made a regrettably ghoulish remark about John...

Forum: Off Topic - General

11-29-2017, 05:01 PM

Replies: 343

Tax Reform

Views: 26,505

Posted By AndyC

Typical liberal fear-mongering. The writer...

Typical liberal fear-mongering. The writer assumes the most unlikely scenario and then claims that will be the result of the tax package.

Forum: Off Topic - General

11-28-2017, 09:27 PM

Replies: 343

Tax Reform

Views: 26,505

Posted By AndyC

If being in the catbird seat means spewing...

If being in the catbird seat means spewing falsehoods about what the tax bill does or doesn't do then you are correct. Where do you read nonsense that the tax bill likely only help the top 1%. ...

Forum: Off Topic - General

11-20-2017, 01:03 PM

Replies: 343

Tax Reform

Views: 26,505

Posted By AndyC

Would a fiscal conservative believe that capital...

Would a fiscal conservative believe that capital is better allocated through the private sector or through government spending? My view is that corporations will have more cash and will make...

Forum: Off Topic - General

11-20-2017, 10:59 AM

Replies: 343

Tax Reform

Views: 26,505

Posted By AndyC

We don't need spending cuts just a spending...

We don't need spending cuts just a spending freeze. Tax cuts do create more tax revenue through economic growth.

There is just so much juice in the lemon. Our competitors could squeeze more...

Forum: Off Topic - General

11-19-2017, 01:02 PM

Replies: 343

Tax Reform

Views: 26,505

Posted By AndyC

How can anybody sit there with a straight face...

How can anybody sit there with a straight face and say that tax cuts are the problem? Could it be that spending is the problem?

Forum: Off Topic - General

11-16-2017, 02:47 PM

Replies: 343

Tax Reform

Views: 26,505

Posted By AndyC

The real story on taxes

In this article is a breakdown of taxes paid by income levels for 2014. Not exactly supporting the claims made above.

https://taxfoundation.org/summary-latest-federal-income-tax-data-2016-update/

Forum: Off Topic - General

11-16-2017, 01:32 PM

Replies: 343

Tax Reform

Views: 26,505

Posted By AndyC

In 2016, a single person with no dependents...

In 2016, a single person with no dependents earning $14,065 would have paid $311 in tax. In 2017 under either the house or senate plan they would pay zero.

If your statement above is correct the...

Forum: Off Topic - General

11-07-2017, 11:36 AM

Replies: 343

Tax Reform

Views: 26,505

Posted By AndyC

No netting. I haven't seen sessions reporting...

No netting. I haven't seen sessions reporting utilized in horse betting too much, I believe that was allowed for slots (IRS Advice Memorandum 2008-011) due to the difficulty of record keeping. No...

Forum: Off Topic - General

11-06-2017, 08:42 PM

Replies: 343

Tax Reform

Views: 26,505

Posted By AndyC

Yes.

Yes.

Forum: Off Topic - General

11-06-2017, 08:11 PM

Replies: 343

Tax Reform

Views: 26,505

Posted By AndyC

The author kind of missed the point of the law...

The author kind of missed the point of the law change. It doesn't apply at all to "other miscellaneous deductions" which limits deductions only to gambling losses. Ancillary costs of gambling cannot...

Forum: Off Topic - General

11-06-2017, 06:52 PM

Replies: 343

Tax Reform

Views: 26,505

Posted By AndyC

I love this line. "The poorest families, earning...

I love this line. "The poorest families, earning less than $10,000 a year, would see a minuscule tax cut of only $10 on average, or 0.1 percent of income."

Any family earning $10,000 per year is...

Forum: Off Topic - General

11-06-2017, 06:48 PM

Replies: 343

Tax Reform

Views: 26,505

Posted By AndyC

The process means unwinding all of the social...

The process means unwinding all of the social engineering and feel-good statutes that permeate the IRC. there are so many sacred cows in the IRC that making a wholesale change could never fly...

Forum: Off Topic - General

11-06-2017, 12:51 PM

Replies: 343

Tax Reform

Views: 26,505

Posted By AndyC

I completely disagree. The bill does a tremendous...

I completely disagree. The bill does a tremendous job of starting the process of simplification and reform. When I read the bill I was surprised at how comprehensive it is. There is a lot of...

Forum: Off Topic - General

11-02-2017, 11:31 PM

Replies: 343

Tax Reform

Views: 26,505

Posted By AndyC

The articles would have you believe that only...

The articles would have you believe that only rich people own stocks and get dividends. And because the dividends will be increased due to lower corporate taxes only the rich will benefit. Of course...

Forum: Off Topic - General

11-02-2017, 10:42 PM

Replies: 343

Tax Reform

Views: 26,505

Posted By AndyC

What provision in the bill makes you believe that...

What provision in the bill makes you believe that the wealthy and super-wealthy will be most benefited?

Forum: Off Topic - General

11-02-2017, 10:38 PM

Replies: 343

Tax Reform

Views: 26,505

Posted By AndyC

If I read the bill correctly the only change for...

If I read the bill correctly the only change for gambling losses would affect professional players. Under current law professional gamblers can create a net operating loss by deducting their costs of...

Forum: Off Topic - General

11-02-2017, 10:33 PM

Replies: 343

Tax Reform

Views: 26,505

Posted By AndyC

Personal service income will not be able to take...

Personal service income will not be able to take advantage of lower business rates. Income earned that would typically be equivalent to wages cannot be turned into "business income" at the lower...

Forum: Off Topic - General

05-04-2017, 10:01 PM

Replies: 343

Tax Reform

Views: 26,505

Posted By AndyC

You would be shocked by the amount of people...

You would be shocked by the amount of people having W-2s showing millions in earnings.

The top capital gains rate is 23.8%.

Forum: Off Topic - General

05-04-2017, 09:49 PM

Replies: 343

Tax Reform

Views: 26,505

Posted By AndyC

Your statement wasn't FedTax/AGI. It was total...

Your statement wasn't FedTax/AGI. It was total income tax/AGI. A person can absolutely pay a FedTax/AGI of 35%+.

To be fair with the flat tax, most proposals I have seen have a hefty exemption...

Forum: Off Topic - General

05-04-2017, 11:40 AM

Replies: 343

Tax Reform

Views: 26,505

Posted By AndyC

There many who pay more than the 35%.

There many who pay more than the 35%.

Forum: Off Topic - General

04-29-2017, 01:49 PM

Replies: 343

Tax Reform

Views: 26,505

Posted By AndyC

Ok, I own an apartment building as my only...

Ok, I own an apartment building as my only source of income, how do I determine how much I pay tax on? Can I write off depreciation, repairs, loan interest, property taxes, etc?

There is really...

Showing results 1 to 25 of 27

Page 1 of 2

Forum Jump

» Advertisement

» Current Polls
Wh deserves to be the favorite? (last 4 figures)
90; 89; 91; 90
67; 71; 82; 89

» View Poll Results » Comment On This Poll » This Poll Has 30 Replies

All times are GMT -4. The time now is 07:09 AM.