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06-29-2020, 03:02 PM
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#31
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Registered User
Join Date: Mar 2014
Location: Connecticut
Posts: 4,905
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Quote:
Originally Posted by JustRalph
I keep hearing this, but my taxes went down and I’m not rich at all.
My business taxes went down too. Which was the real goal Trump had. It actually worked.
Until China decided to play bio warfare.
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But, you're going to be told: "You're just one of a few." Wait for it!
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06-29-2020, 03:06 PM
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#32
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,640
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Quote:
Originally Posted by MargieRose
But, you're going to be told: "You're just one of a few." Wait for it!
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Or...he'll be told...he IS rich...by their crazy gorilla math...
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06-29-2020, 03:25 PM
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#33
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Registered User
Join Date: Sep 2007
Posts: 4,149
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Quote:
Originally Posted by thaskalos
I come to the Paceadvantage off-topic forum...and read all about the "evils" of Liberalism.
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You people  all complain about right wing bias here but just about everywhere else liberal hegemony holds and right of center voices are silenced. Reddit which I would imagine has a vastly higher traffic rate than PA is populated by left wing bullies. So this is one of the few sites that a somewhat right of center viewpoint holds sway. And there are no bullies here like on Reddit.
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06-29-2020, 03:35 PM
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#34
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Registered User
Join Date: Jan 2006
Posts: 28,564
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Quote:
Originally Posted by RunForTheRoses
You people all complain about right wing bias here but just about everywhere else liberal hegemony holds and right of center voices are silenced. Reddit which I would imagine has a vastly higher traffic rate than PA is populated by left wing bullies. So this is one of the few sites that a somewhat right of center viewpoint holds sway. And there are no bullies here like on Reddit.
https://twitter.com/disclosetv/statu...51728188530688 |
I didn't "complain"...all I did was answer MONEY's question. And I am quite happy to be here. In a liberal-dominated media world...I can come to Paceadvantage and get the "other" side of the story, in just one stop. It saves me time...and makes me a more "well-rounded" individual. 
__________________
"Theory is knowledge that doesn't work. Practice is when everything works and you don't know why."
-- Hermann Hesse
Last edited by thaskalos; 06-29-2020 at 03:37 PM.
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06-29-2020, 03:58 PM
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#35
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Veteran
Join Date: Mar 2009
Posts: 9,893
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Quote:
Originally Posted by JustRalph
I keep hearing this, but my taxes went down and I’m not rich at all.
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This doesn't disprove the prior poster's point. It just proves that you received a tax cut. Why do you say "you keep hearing it?" Do you deny the studies on the tax cuts? Isn't reality that "hard-working guys like Ralph received a tax cut, but in dollar terms the wealthy received a disproportionate portion of the cuts?" Why can't you just say that?
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06-29-2020, 04:01 PM
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#36
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Registered User
Join Date: Apr 2008
Location: Louisiana
Posts: 5,597
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Quote:
Originally Posted by Saratoga_Mike
This doesn't disprove the prior poster's point. It just proves that you received a tax cut. Why do you say "you keep hearing it?" Do you deny the studies on the tax cuts? Isn't reality that "hard-working guys like Ralph received a tax cut, but in dollar terms the wealthy received a disproportionate portion of the cuts?" Why can't you just say that?
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Because thats NOT what light said......
Go back and read! Light said that we pay MORE to fund the rich tax cuts which is NOT the case.
My taxes were reduced as well......
__________________
We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable rights, that among these are life, liberty and the pursuit of happiness. That to secure these rights, governments are instituted among men,deriving their just powers from the consent of the
governed.
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06-29-2020, 04:55 PM
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#37
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Veteran
Join Date: Dec 2003
Posts: 7,139
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Quote:
Originally Posted by JustRalph
I keep hearing this, but my taxes went down and I’m not rich at all.
My business taxes went down too. Which was the real goal Trump had. It actually worked.
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I've owned my business for 40 years and my wife has her own business. We do our own taxes.
Trump claimed that he increased the standard deduction for married filers with joint returns to $24K from $12.7K which was true. When I heard that I was excited. I thought "at least Trump is good for something", until I did my taxes.
What Trump did not say was that he also did away with personal exemptions of $4,050 for yourself, your spouse and any kids or dependents.
In 2017, if you were a family with 4 college age kids, you would have received, $12.7K in standard deductions for you and your wife plus $4050 x 6 for your 4 kids and you and your wife worth $24300. For a total of $36300.7.
In 2018 when the Trump taxes went into effect, with the same scenario you only got $24300 in tax deductions. Exemptions were eliminated. An increase of $12000 in taxes.
You can believe what you want to believe but I am sure there are many Republican voters who are intelligent enough to not vote again for someone who raises their taxes while claiming to lower them.
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06-29-2020, 05:16 PM
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#38
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The Voice of Reason!
Join Date: Mar 2001
Location: Canandaigua, New york
Posts: 112,875
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Quote:
Originally Posted by MargieRose
Is that meant as "too," or did you mean the demos?
More than any president before, I think Trump actually does care about "individuals," and of course, about the country as a whole. Many of his instituted policies absolutely reflect his commitment to "individuals":
- lower cost of insulin
- prison reform
- Tax Cuts and Jobs Act
- vocational education
- rolled back unnecessary job-killing regulations
- reformed the Medicare program to stop hospitals from overcharging low-income seniors for their drugs
- signed Right-To-Try
- secured $6 billion in NEW funding to fight the opioid epidemic
- signed VA Choice Act and VA Accountability Act
- etc., etc.
All this and more amid constant bedevilment. What have the demos accomplished?
Trump Administration Accomplishments January 2020 |
Trump is not a republican. 
__________________
Who does the Racing Form Detective like in this one?
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06-29-2020, 05:19 PM
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#39
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The Voice of Reason!
Join Date: Mar 2001
Location: Canandaigua, New york
Posts: 112,875
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Quote:
Originally Posted by MargieRose
But, you're going to be told: "You're just one of a few." Wait for it!
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Mine went down too. 
__________________
Who does the Racing Form Detective like in this one?
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06-29-2020, 05:19 PM
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#40
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Veteran
Join Date: Mar 2009
Posts: 9,893
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Quote:
Originally Posted by newtothegame
Because thats NOT what light said......
Go back and read! Light said that we pay MORE to fund the rich tax cuts which is NOT the case.
My taxes were reduced as well......
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He said: "Most of Trumps tax cuts went to the richest five percent, and more to the richest one percent." That's what I was referencing, which I thought was clear from context, perhaps not. I broadened his comment to "the wealthy," as I didn't confirm the 5% statement.
You received a tax cut. Okay. You and Ralph make that statement, as if it's somehow dispositive. I'm not sure why. There isn't mutual exclusivity between the middle class receiving a tax cut and the wealthy receiving a larger tax cut.
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06-29-2020, 05:21 PM
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#41
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The Voice of Reason!
Join Date: Mar 2001
Location: Canandaigua, New york
Posts: 112,875
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Quote:
Originally Posted by Saratoga_Mike
This doesn't disprove the prior poster's point. It just proves that you received a tax cut. Why do you say "you keep hearing it?" Do you deny the studies on the tax cuts? Isn't reality that "hard-working guys like Ralph received a tax cut, but in dollar terms the wealthy received a disproportionate portion of the cuts?" Why can't you just say that?
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Forget dollar terms, what did the tax rates go to?
__________________
Who does the Racing Form Detective like in this one?
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06-29-2020, 05:30 PM
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#42
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Veteran
Join Date: Mar 2009
Posts: 9,893
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Quote:
Originally Posted by Tom
Forget dollar terms, what did the tax rates go to?
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About the same - for married filers with over roughly $600k in income, their marginal rate was reduced by 2.6 percentage points. For married filers making approximately $20k to $170k, their marginal rate went down 3 percentage points. In dollars terms, the wealthy received a disproportionate portion of the cut. That isn't a political statement. It's just a fact. Across the board almost everyone received a reduction, no doubt. That's another fact. I'm not why it's controversial or in dispute.
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06-29-2020, 09:28 PM
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#43
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Registered User
Join Date: Jul 2003
Location: central fla.
Posts: 4,874
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Quote:
Originally Posted by Light
I've owned my business for 40 years and my wife has her own business. We do our own taxes.
Trump claimed that he increased the standard deduction for married filers with joint returns to $24K from $12.7K which was true. When I heard that I was excited. I thought "at least Trump is good for something", until I did my taxes.
What Trump did not say was that he also did away with personal exemptions of $4,050 for yourself, your spouse and any kids or dependents.
In 2017, if you were a family with 4 college age kids, you would have received, $12.7K in standard deductions for you and your wife plus $4050 x 6 for your 4 kids and you and your wife worth $24300. For a total of $36300.7.
In 2018 when the Trump taxes went into effect, with the same scenario you only got $24300 in tax deductions. Exemptions were eliminated. An increase of $12000 in taxes.
You can believe what you want to believe but I am sure there are many Republican voters who are intelligent enough to not vote again for someone who raises their taxes while claiming to lower them.
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crickets around here...not surprised....thanks for sharing...
__________________
got handed a lemon...make lemonade....add sugar or brown sugar or stevia or my personal favorite....miracle fruit....google it...thank me later...
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06-29-2020, 09:51 PM
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#44
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Registered User
Join Date: May 2011
Posts: 22,652
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Quote:
Originally Posted by JustRalph
I keep hearing this, but my taxes went down and I’m not rich at all.
My business taxes went down too. Which was the real goal Trump had. It actually worked.
Until China decided to play bio warfare.
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Do you live in a Nirvana state that charges an additional third in state income tax?
The ones that were using state taxes paid as a big deduction are the ones hurt because now they are limited.
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06-30-2020, 03:03 AM
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#45
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Registered User
Join Date: May 2004
Location: New Hampshire
Posts: 14,483
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Things would calm down if. . . . . . .
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