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11-06-2017, 08:42 PM
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#76
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Registered User
Join Date: Dec 2011
Posts: 4,285
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Quote:
Originally Posted by garyscpa
Well, I didn't read it yet, but are all winnings still supposed to be reported on page 1?
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Yes.
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11-06-2017, 10:18 PM
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#77
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Registered User
Join Date: Nov 2007
Location: Houston, TX
Posts: 1,517
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And no netting of wins and losses, or sessions?
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11-07-2017, 01:38 AM
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#78
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Registered User
Join Date: Oct 2007
Location: North Riverside, Il.
Posts: 16,103
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Quote:
Originally Posted by Clocker
More fun with carefully selected numbers.
The richest 1% will get half the Trump tax cuts. Duh! The richest 1% pay half of all federal income taxes.
Last I saw, about 47% of Americans pay no federal income tax. I'm surprised the geniuses on Twitter aren't whining about them not getting any benefit from the tax bill.
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They pay 35% according to the Tax Foundation. But they are probably a bunch of lying liberals.
Also according to the Tax Foundation, that same richest 1% had an average Annual Gross Income (AGI) of $1,138,992. The bottom 50% had an average Annual Gross Income (AGI) of $14,065.
That means the rich guy made 81 times what the poor guy made. However he only paid 12 times as much in Federal income tax.
And we are supposed to feel sorry for these guys?
__________________
"When you come at the King, You'd best not miss." Omar Little
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11-07-2017, 08:06 AM
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#79
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The Voice of Reason!
Join Date: Mar 2001
Location: Canandaigua, New york
Posts: 112,858
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Quote:
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And we are supposed to feel sorry for these guys?
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I wouldn't feel sorry for them.
Maybe they would earn more if they had any get up and go, or didn't waste their time on a liberal arts degree.
__________________
Who does the Racing Form Detective like in this one?
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11-07-2017, 09:28 AM
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#80
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Registered User
Join Date: May 2011
Posts: 22,641
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Quote:
Originally Posted by mostpost
They pay 35% according to the Tax Foundation. But they are probably a bunch of lying liberals.
Also according to the Tax Foundation, that same richest 1% had an average Annual Gross Income (AGI) of $1,138,992. The bottom 50% had an average Annual Gross Income (AGI) of $14,065.
That means the rich guy made 81 times what the poor guy made. However he only paid 12 times as much in Federal income tax.
And we are supposed to feel sorry for these guys?
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Are we supposed to subsidize the 25% that do not work because they can get just as much from the government for doing nothing?
Why do you say rich guy only paid 12 times as much in Federal when the poor guy pays nothing but gets paid?
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11-07-2017, 09:57 AM
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#81
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Registered User
Join Date: Jul 2013
Posts: 17,095
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Quote:
Originally Posted by mostpost
They pay 35% according to the Tax Foundation. But they are probably a bunch of lying liberals.
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They pay over 45% according to the non-partisan Tax Policy Center.
__________________
A man's got to know his limitations. -- Dirty Harry
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11-07-2017, 10:31 AM
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#82
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gelding
Join Date: Oct 2008
Posts: 8,883
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11-07-2017, 10:32 AM
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#83
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Registered User
Join Date: Jun 2008
Posts: 10,171
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Quote:
Originally Posted by mostpost
they are probably a bunch of lying liberals.
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We finally agree on something, but your sentence is a tad redundant. For example, if you take out the word "lying" it doesn't change the meaning at all.
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11-07-2017, 11:36 AM
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#84
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Registered User
Join Date: Dec 2011
Posts: 4,285
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Quote:
Originally Posted by garyscpa
And no netting of wins and losses, or sessions?
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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 mention that racing will be allowed to use the method.
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11-07-2017, 03:27 PM
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#85
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The Voice of Reason!
Join Date: Mar 2001
Location: Canandaigua, New york
Posts: 112,858
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Quote:
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A short video that explains America’s tax code.
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Taxes for Dummies.
__________________
Who does the Racing Form Detective like in this one?
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11-14-2017, 04:18 PM
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#86
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Registered User
Join Date: Jul 2013
Posts: 17,095
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Rand Paul is looking to give the Dems a taste of their own ObamaCare medicine. OCare was declared Constitutional because SCOTUS ruled that the individual mandate was a tax. So Paul is offering an amendment to the tax bill to repeal the mandate tax.
Mitch McConnell announced that he will support the mandate repeal. The repeal will count as part of the tax cuts provided by the bill, and Dems who vote against it are voting against tax cuts for the middle class.
Who knows, it might even save the average family $2500 a year. 
__________________
A man's got to know his limitations. -- Dirty Harry
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11-14-2017, 06:56 PM
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#87
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Registered User
Join Date: Mar 2013
Posts: 5,414
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Quote:
Originally Posted by Clocker
Rand Paul is looking to give the Dems a taste of their own ObamaCare medicine. OCare was declared Constitutional because SCOTUS ruled that the individual mandate was a tax. So Paul is offering an amendment to the tax bill to repeal the mandate tax.
Mitch McConnell announced that he will support the mandate repeal. The repeal will count as part of the tax cuts provided by the bill, and Dems who vote against it are voting against tax cuts for the middle class.
Who knows, it might even save the average family $2500 a year. |
geniu  s
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11-16-2017, 11:33 AM
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#88
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gelding
Join Date: Oct 2008
Posts: 8,883
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Kudos to Rep. John Larson for his scathing rebuke of the "process" (or lack of same) which led to the GOP's bill..
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11-16-2017, 12:55 PM
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#89
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Registered User
Join Date: Jul 2013
Posts: 17,095
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Quote:
Originally Posted by FantasticDan
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Didn't watch, because all of that stuff from both sides of the aisle is "theater".
Since Larson was a Democratic member of the House that passed ObamaCare, he has no credible standing to be criticizing "process".
I haven't been paying attention to this one, but I'm sure the GOP process on the tax cut is as partisan as what Pelosi was doing when she had the hammer. Some times you just get hoist on your own petard.
__________________
A man's got to know his limitations. -- Dirty Harry
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11-16-2017, 12:59 PM
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#90
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gelding
Join Date: Oct 2008
Posts: 8,883
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Quote:
Originally Posted by Clocker
Didn't watch, because all of that stuff from both sides of the aisle is "theater".
Since Larson was a Democratic member of the House that passed ObamaCare, he has no credible standing to be criticizing "process".
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Watch it. Seems like you have five minutes to spare. 
Then we can compare the Obamacare process (did that have zero hearings and expert testimonies too?) to this bill..
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