Our initial reaction to the Trump Tax Reform announcement.
Interesting way to announce a tax reform package. Here is how we feel about the announcement.
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Trump is beginning to appear more and more to be a bungling amateur politician.
Who wanted a politician anyway………The politicians have been the problem ….
Term limits and throw the bums out was what I thought the public wanted…. 🙂
I agree that taxes should be cut and simplified, but let’s be honest here. Trump’s tax cuts are very selfishly motivated. People like him and his family will benefit more from this than the average American worker.
A Danish ship transports Bulgarian made weapons to Saudi Arabia, where they are distributed to isis, al nusra those shammy guys etc
The U.S.,UK France Saudi Arabia and Qatar control the distribution.
(of course we can say…”no way thats not true”)
I dont understand why we try to hide the fact we support these scumbags, we support those pigs in Lybia now and they have open air slave markets, we dont mind that.
Why do we not just openly state we support these guys?
Its not like anyone gives a poop.
Games are more fun I guess.
ISIS getting weapons is bad, but what about the theft of Iridium 192 in Mexico?
That has about an 80 day half life, and could be used for a dirty bomb.
Funny, Im certain they will be as effective at keeping it out of the country as they are at keeping out cocaine.
Its perfect actually, they can blame it on N Korea and everyone will believe them.
voila, they have the war they want.
Trump cuts corporate taxes from 35% to 15%, and yet people manage to find a way to bitch about it. LMFAO….😂
Yes, Trump exposes everyone!
New tax plan should be……..O and 1%
the govt does not need our money , when they have the worlds biggest printing press… 🙂
I found this opinion piece from Market Watch interesting: http://www.marketwatch.com/story/trump-rushes-out-a-tax-plan-based-on-a-deception-2017-04-26
A couple points. Big losers are those that live in states with income taxes. Can’t see republican representatives supporting that feature. With the elimination of Sch. A, there goes medical write-offs. Probably not popular.
I believe tax policy should come from the House. Trump would be a lot smarter (I know, that’s difficult for him)to sit down with house members and hammer out something they could pass. Neither of his two lead guys have any experience in writing tax bills so I guess we might be expecting too much from this effort.
Seems to me they concentrate too much of ‘rates’ and not enough on the write-offs that encompasses 99% of the tax code. They will never fix the code as it now stands. Have to write a completely new, simpler code. Argue it out and then phase it in over perhaps a 3 years period and doing away with the old code. People forget, the tax code has been built over about 65 years or longer. Can’t fix that with a change in corporate rates. Again, jmo.
Eliminate the FED……and most of the tax problems will be gone…..
Eliminate the IRS and all income tax and the tax problems might be gone!
IRS….is just the enforcer…..you have to eliminate the Head so the arm does not function.
Bingo.
I find the following timeline suspicious: financial crash 1907; Federal Reserve; Income Tax; WW1; Bolshevik Revolution. Zionist bankers behind them all, it would appear.
Did Munchkin or any one else even indicate what incomes fall into what brackets? I didn’t hear or read anything about that.
One thing I did read was that based on what Munchkin said state income tax will no longer be deductible, so people in places like Colliefornia (as Ahnode calls it) could be paying more feral income tax.
In my opinion this announcement was like most everything else Trump has done as President, namely, poorly thought out and executed. In my opinion Trump is a poor executive and I don’t know how he has had so much success in the business world.
We have to pass the bill in order to see the plan…….
As best I can tell the brackets have been announced but not the incomes those brackets apply to.
If one assumes they are the same as what Trump originally proposed a fair number of people are in for a nasty tax increase, especially those who will no longer be able to deduct state income tax.
The 35% tax bracket would start at 112,000. Today 112,00 is in the 28% bracket. So with state income tax no longer being deductible many will have more income taxed at a higher rate than under Obammy and the Demonrats. Thanks, Trumpy!
Going to be Hugeeee surprise…….
Some people could be in for a bigly tax increase which would be yuge surprise. Sucks to be them. (But seriously, I can’t see Congress going along with that. On the other hand, stranger things have happened. Maybe enough Republoclowns can be bought off to get it through.)
Owe the bankers more than they can collect …….rule #1
Yup, and it’s why he appointed Munchkin
After 100 days of watching, listening and failing to understand, I thought this quote appropriate:
“In a nation run by swine, all the pigs are upwardly mobile, and the rest of us are fucked until we can put our acts together: not necessarily to win, but mainly to keep from losing completely.” Hunter S. Thompson
Trump said he wanted to reduce taxation to filling out a postcard.
Some possibilities:
1. Write down your income.
Send it all in.
2. Write down your income.
Divide that amount by 10.
Send it in.
3. Write down your income.
Divide it by 4.
Send it in.
I know which I prefer.
Is there any logical, FAIR, ethical reason why there should NOT be a flat tax?
Ya, they dont need tax, whatever is needed can just be printed.
Logical, fair, and ethical doesn’t apply to any government. Individuals can’t steal; so, logically, where do governments get the right to steal? How can voters delegate to politicians rights that they don’t possess themselves. How can they give what they don’t have?
I know a Romanian guy with his own business. Flat 16% tax, very easy, and he’s very content with it.
The problem is not the Tax…..the problem is the politicians ……eliminate the politicians and 99% of the govt…..then we could have a flat tax of 1%
No matter how high taxes are they are never high enough to meet the spending of the politicians. They could take every cent we make and it would not be enough. That’s why they need the Feral Reserve. (It ain’t a reserve but it is feral…bankersters gone wild.)
ditto
serfdom at its best….
Stefan Molyneux on immigration, excellence, etc.
https://www.youtube.com/watch?v=IivIvop_VPg
Food for thought on concentration of wealth.
OFF TOPIC:
Korea: White House official statements Today:
Today, along with Chainnan of the Joint Chiefs of Staff Gen. Joe Dunford, we briefed members of Congress on the review. The president’s approach aims to pressure North Korea into dismantling its nuclear, ballistic missile, and proliferation programs by tightening economic anctions and pursuing diplomatic measures with our allies and regional partners.
We are engaging responsible members of the international community to increase pressure on he DPRK in order to convince the regime to de-escalate and return to the path of dialogue. We will maintain our close coordination and cooperation with our allies, especially the Republic of Korea and Japan, as we work together to preserve stability and prosperity in the region.
The United States seeks stability and the peaceful denuclearization of the Korean peninsula. We remain open to negotiations towards that goal. However, we remain prepared to defend ourselves and our allies.
Who knows what is happening . TOTAL incompetance in new administration . Some of the new cabinet secretarys are Sane , but Trump himself is just an incompetant businessman . Running a closed corporation is not like running a major publicly reported company. Your local Plumber could run the USA gov. better than Trump. They should give him some tranquilizers , and let Ivanka and Jered run the WH . Pray for sanity. S
The LAST thing I would pray for would be Ivanka and Jared running the White House.
You people don’t understand that your president is giving you back “your” republic. But hey, you never knew it was stolen from you either.. ( pay attention!
Donald Trump’s Tax Plan Would Turn the Whole U.S. Into Kansas
http://www.slate.com/blogs/moneybox/2017/04/26/donald_trump_s_tax_plan_would_turn_the_whole_u_s_into_kansas.html
Trump’s Tax Plan: We’ve Seen This Before, And It Doesn’t Make Any More Sense Now
https://www.forbes.com/sites/beltway/2017/04/26/trumps-familiar-tax-plan-that-would-add-trillions-to-the-debt
Just heard Bob say gold is expensive right now.
Yesterday, I listened to an interview that said gold in relation to our debt is the cheapest its been for a millennium or 2.
hhmmm
Both are correct. Bob was likely referring to gold vs commodities.
My own models have forecast CPI inflation in the USA to peak in Feb or Mar 2017. However I had to massage the models to achieve a trend the matched the CPI inflation figures. Basically if you make an inflation model that is as conservative as possible, you get an answer similar to the published CPI – but if you choose a simpler model then the upside to CPI should have been much greater – somewhere between 3.0 and 3.5% for Feb and Mar 2017. Even so, inflation was due to peak then because of the peak in year over year oil price changes which occurred in February, plain and simple.
Oh b*gger I posted this on the wrong page.
To not be able to deduct property taxes will never pass Congress.
The democrats will never allow earned income credit to die.
He announced a tax rate of 10% on repatriated corporate money, didn’t he?