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Discussion Boards => Off-Topic => Topic started by: dwiley11 on December 14, 2017, 03:35:54 pm
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I can't understand why people protest against getting more of their money back. Unless they don't want to work.
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The tax reform is only really beneficial to the wealthy. People with lower incomes may technically get more money back but its going to cost them more in the long run because they won't be able to claim the same exemptions
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Ladavia covered part of the problem. Another problem is that this tax reform bill adds over a trillion dollars in debt over a ten year period. My children will have to deal with this. I have taught them how to be fiscally responsible and they have a better grasp on how to manage their debt than our government has for several decades. Unfortunately they will have to deal with the debt brought on by this act. The tax reform was supposed to pay for itself (like the southwest border wall) but, instead creates a larger burden. The government runs into a potential shut down, seemingly every year, but seems content in creating an even larger bill for our children to try and balance. The upper class/wealthy are certainly sane enough to want a tax cut (I do not believe any of the readers fall into this category) while the middle class/poor gain very little (if anything) from this move.
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The middle or lower class never get any benefit from tax cuts or any other so called savings
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Ppl want tax cuts and tax write offs on everything. I rent out parking spaces for 150.00 a month and one woman I give receipts to soi she can write it off on her taxes,while everyone else just want a place to park 24/7 in an area that from 6 pm - 6 am parking is insane. Good for her though if she can do both w/o problems.
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Even though it's complicated folks need to read about the tax bill. Like others have said, it will give more to the wealthy than the middle and lower classes. One thing to take note, owners of golf courses will still receive a large deduction by promising not to build on the property. Who do we think is going to benefit from that deduction?
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Because one side uses scare tactics. Over 50% of people in the USA don't even pay taxes.
80% of the people making less than 80,000 a year will see a tax cut.
Who cares if the rich don't pay taxes - they don't now... Warren Buffet who is worth $81 Billion states he has never paid taxes on it... there is so many loopholes & deductions now for them to not pay taxes.
If California, the state I am living in, can currently legislate $1 billion dollars for illegal/undocumented health care while owing 174 Billion in government pensions, then the people here are paying too much taxes. The state spends money they don't have, California is currently 400 Billion in debt.... the roads are falling apart, the dams are failing.... but sure spend more money & tax middle class people to death. About 76 cents tax on every gallon of gasoline.... just saying.
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Because it only helps the rich, and not the poor or the so call middle class.
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All sane people want tax reform/cuts but that is not the joke that is being discussed, this will benefit the large corporations and the billionaires. In fact the whole Trump presidency has been about benefiting large corporations, he has deregulated everything and anything without understanding what the regulations do. Basically the average middle class person doesn't matter or count.
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Doesn't really make sense to me either. I will take anything they want to give me.
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Most people just listen to the media when they say the rich get more. Well if it gets them more money then there are more jobs. But the bottom line is more money for me. This helps the economy because I can buy more.
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I haven't read the bill, lol, but only what others have said about it...taxes are just so confusing, it's always complicated to say who will get what...there are so many options for deductions, yet, most need certain criteria....
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they are often misinformed on what they think it will do. in my state our govenor at the time wanted to get rid of personal property taxes he thought it was dumb to continue to pay taxes on what you already own. my state was dumb enough to want to keep it in place.
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Bottom line...we need roads, schools, etc. That's what taxes are for. But the amount the wealthy get out of paying is ridiculous.
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i would love a tax cut but won't benefit because i am not a rich person !
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look people, if you get back 1000 this year you will double that next year unless you make over 75000. that is money that we earned, but if you don't want it you can give it to me. even if businesses get a break, your still getting more back. more taxes = BAD less taxes=GOOD . GET IT!
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I do not know everything about the tax cuts but i would think that people whom make $500,000 up should pay more tax
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look people, if you get back 1000 this year you will double that next year unless you make over 75000. that is money that we earned, but if you don't want it you can give it to me. even if businesses get a break, your still getting more back. more taxes = BAD less taxes=GOOD . GET IT!
so does that mean if I get 7,000 this year does that mean I will get back 14,000 next year because that would sure be great.
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Basically because liberals have managed to swindle some people for decades into believing that any time a Republican offers you a tax cut, it's only going to benefit "the wealthiest among us".
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Basically because liberals have managed to swindle some people for decades into believing that any time a Republican offers you a tax cut, it's only going to benefit "the wealthiest among us".
It's more like the conservatives must think something is good because the other "side" is against it. Have you actually read the proposed plan? The plan is really only beneficial to corporations and the wealthy in the long run. The biggest cuts are for the top income bracket and businesses. It's eliminating personal exemption deductions, taxing graduate students' income, making the child care credit too high for people to utilize and temporarily lowering the tax rate for low and middle class . It doubles the estate tax deduction and is lowering the corporate tax rate to the lowest it would be since 1939. So yes its actually mainly beneficial to the wealthiest and will actually add a trillion to the deficit
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Very valid. Makes no sense to me either
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I can't understand why people protest against getting more of their money back. Unless they don't want to work.
Well most people don't want to work. But the issue is the dumocrats are going to go against anything Trump or the Republicans want to do. And they are jealous because people who make more money will get a bigger tax cut. It's like the idiots who think people who are rich aka have more money should pay more taxes. NO. You should pay a flat rate. x percent of your income. They will pay more any way but should not have to pay a higher percentage. This world doesn't owe you anything. And the freebies need to stop altogether. Work or do without.
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Basically because liberals have managed to swindle some people for decades into believing that any time a Republican offers you a tax cut, it's only going to benefit "the wealthiest among us".
It's more like the conservatives must think something is good because the other "side" is against it. Have you actually read the proposed plan? The plan is really only beneficial to corporations and the wealthy in the long run. The biggest cuts are for the top income bracket and businesses. It's eliminating personal exemption deductions, taxing graduate students' income, making the child care credit too high for people to utilize and temporarily lowering the tax rate for low and middle class . It doubles the estate tax deduction and is lowering the corporate tax rate to the lowest it would be since 1939. So yes its actually mainly beneficial to the wealthiest and will actually add a trillion to the deficit
The problem with crying "The rich get the biggest tax cut" is- yeah, no kidding- because the rich pay the most taxes. So obviously, whoever is paying the most is gonna benefit the most. But the Libs work their audience to believe they're sticking it to "the man" by denouncing tax cuts, when all it really does is keep tax cuts from all parties.
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Basically because liberals have managed to swindle some people for decades into believing that any time a Republican offers you a tax cut, it's only going to benefit "the wealthiest among us".
It's more like the conservatives must think something is good because the other "side" is against it. Have you actually read the proposed plan? The plan is really only beneficial to corporations and the wealthy in the long run. The biggest cuts are for the top income bracket and businesses. It's eliminating personal exemption deductions, taxing graduate students' income, making the child care credit too high for people to utilize and temporarily lowering the tax rate for low and middle class . It doubles the estate tax deduction and is lowering the corporate tax rate to the lowest it would be since 1939. So yes its actually mainly beneficial to the wealthiest and will actually add a trillion to the deficit
The problem with crying "The rich get the biggest tax cut" is- yeah, no kidding- because the rich pay the most taxes. So obviously, whoever is paying the most is gonna benefit the most. But the Libs work their audience to believe they're sticking it to "the man" by denouncing tax cuts, when all it really does is keep tax cuts from all parties.
The middle class actually pays the most in taxes comparably. There is nothing wrong with tax cuts. The issue is the current tax reform plan isn't equally beneficial to all. Maybe if I only paid attention to conservative news sources and didn't actually read things for myself I would be under the illusion that its beneficial for the majority and not the minority. The government is suppose to be working for the benefit of the country as a whole and not just those that give big donations to them.
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Of course everyone wants a tax cut because the government is robbing us dry.
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I would love more money back, lower my taxes, stimulate the economy!
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Taxes are everywhere you go.
Taxes, taxes and more taxes.
Who does like tax breaks or cuts?
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Most middle class taxpayers receive a tax cut with the bill. That's not from any news source, that's from actually reading the bill. This isn't Armageddon.