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The GOP Tax bill
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inkling7
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PostPosted: Mon Dec 25, 2017 12:25 am    Post subject: Lala Land Reply with quote

Ha ha you really are living in la la land if you think these new tax laws are going to have a trickle down affect and the US will not have a huge deficit soon....And that the poor are going to suffer even more and the most of the middle classes are going to end up worse off as well and if has been predicted by several leading economists.... what did you and your lady CPA have for breakfast? Whatever it was it made you both deluded....
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dzu
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PostPosted: Sun Jan 07, 2018 3:08 am    Post subject: Republicans Sold Out Americans To Support Trump Reply with quote

Republicans Sold Out Americans To Support Trump, They Will Regret That Very Soon
With 2018 officially underway, we can start gearing up for the midterm elections. We may still have ten months to go before we head to the polls, but Republicans and the voters who still claim to support them, need to reminded every day that they have sold out the American public and gone against our collective wishes in order to appease Donald Trump. They were more afraid of Trump than they were of their voters, and as Ring of Fire’s Farron Cousins explains, we can make them regret that in November.

https://youtu.be/-ggSaw3BaFc


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UnMask



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PostPosted: Tue Jan 09, 2018 9:11 pm    Post subject: It is getting interesting.... Reply with quote

For those of you from outside the U.S., there has been a real shake-up in taxes here.

While the tax rate was lowered from 12% to 10% for the lower earners, it doesn't sound like much.

But what happened is the tax free income (before taxes are levied) went from $12,000 a couple to $24,000. Then there is a fixed amount of $10,000 for a property tax/state income tax credit.

For most lower income couples, this is a large increase of income that is not taxed, up over $10,000! $1,800 savings right away.

When the taxes do kick in, the rates are lower. The people with the highest incomes don't have a rate reduction.

Examples: 12% to 10%.... 15% to 12%.... 25% to 22%... And so on fading out to the same tax rate for the very high earners. (What? You were told something else Question )

So the lowest earners really do better.

Then there's the small business owners. (C Corporations)

My client owns a building and she makes $100,000 over expenses. She was paying $35,000 in federal taxes. She will now pay $21,000. She was stunned when I told her. Over $1,000 a month in her pocket she never dreamed of a month ago.

So the big corporations Question What is happening with the greedy corporations?

Well, there are limited things corporations can do with after tax profits... They can grow the business with construction or hiring. They can hold the funds for later use. They can send out the money through dividends. Half of the Americans own stock and would be recipients of these dividends.

Some corporations are giving bonuses to employees, most about $1,000. So far reports are saying over $1,000,000,000 is being distributed. Some are bringing their lowest paid employees up to $15.00 an hour. No matter what, the funds have to go somewhere...

(The restaurant industry has many exceptions to the above) Crying or Very sad

Now about the stock market? The DOW-Jones measurement is up from 19,000 to 25,000...

The market is up due to an elimination of executive orders (rules not approved by Congress), a reduction of regulations that were restrictive but with-in the law, and a halting of regulations in progress. I'm sure there are more reasons... Cool

But now profits are up 20% just because of taxes alone! That alone pushes up stock prices.

Is there a bubble? I don't know, but the people are better off.

Oh, the lower taxes will mean money will come in from overseas. Gazillion$. More to the U.S. Government, and more to the people.

This is Fun Question Laughing Wink
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Angelina



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PostPosted: Tue Jan 09, 2018 10:56 pm    Post subject: Re: It is getting interesting.... Reply with quote

UnMask wrote:
For those of you from outside the U.S., there has been a real shake-up in taxes here.

[...]

This is Fun Question Laughing Wink

I'm in the US but I never had a head for figures and never understood anything about taxes, apart from the fact that you have to pay them and that in life the only sure things are death and taxes.

So this is all Greek to me... Sad Embarassed
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inkling7
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PostPosted: Wed Jan 10, 2018 2:54 am    Post subject: Clogged drains? Reply with quote

Well AT&T gave out $1000 bonuses to 200,00 workers but then proceeded to hand hundred workers just before Xmas and rumours are that a few thousand more will be laid off this year...

They are not the only compamy to lay off workers since the new tax laws were passes either apparently. I will have to try and find the article when I get more time and out the link.

So much for the trickle down effect.... the drain must be clogged up with greedy wankers at the top...
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Nowhere Man



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PostPosted: Tue Feb 06, 2018 3:42 am    Post subject: Paul Ryan REALLY Regrets Tweeting This... Reply with quote

Paul Ryan REALLY Regrets Tweeting This...
Paul Ryan really stepped in it this time…

"The school secretary cited in House Speaker Paul Ryan’s now-infamous tweet for making an additional $1.50 a week thanks to the Republican tax bill spoke to CBS News Monday, and she wasn’t exactly thrilled.
“I’m really surprised, actually. [People mentioned in] the paragraph above… my quote and the paragraph below my quote got hundreds more. Hundreds,” she said. “And I get a dollar-fifty more, so it shows me [Ryan] might not have read the whole article.”

Read more by clicking on the link (it won't work if you click on the embedded thumbnail):
https://youtu.be/xxcsvB8E6uM


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UnMask



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PostPosted: Tue Feb 06, 2018 10:40 am    Post subject: Re: Clogged drains? Reply with quote

inkling7 wrote:
Well AT&T gave out $1000 bonuses to 200,00 workers but then proceeded to hand hundred workers just before Xmas and rumours are that a few thousand more will be laid off this year...

They are not the only compamy to lay off workers since the new tax laws were passes either apparently. I will have to try and find the article when I get more time and out the link.

So much for the trickle down effect.... the drain must be clogged up with greedy wankers at the top...

The high income earners have essentially the same high tax rate. The lower income earners have an increase in take home pay.

You don't trickle down from the rich if the rich didn't gain that much. This is a direct increase to the lower folks on the income scale.


Those with IRAs and 401(k)s and 403(b)s get the gains from the stock market into their retirements. Now over 50% of the working people have these plans.

So this is not trickle-down economics. It is direct to the people, and instant. No waiting.

Very Happy ten peace
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Kerowyn
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PostPosted: Tue Feb 06, 2018 1:37 pm    Post subject: Ryan's ridiculous tweets about the Trump tax cuts Reply with quote

Stephen Colbert Goes Off on Paul Ryan: ‘I Would Like to Kick Him in the Ding Dongs’
The ‘Late Show’ host has had it with the House speaker and his ridiculous tweets about the Trump tax cuts.
BY Marlow Stern

On Saturday, House Speaker Paul Ryan took a page from the president’s book: He tweeted-and-deleted.

The perpetually sad-faced Wisconsinite, who was instrumental in getting the recent Trump tax cuts passed, tweeted, “A secretary at a public high school in Lancaster, PA, said she was pleasantly surprised her pay went up $1.50 a week... she said [that] will more than cover her Costco membership for the year.”

He was immediately pilloried for the out-of-touch statement—bragging about giving a working-class woman a $75 annual tax cut—and, realizing how ridiculous it was, decided to delete it. (Ryan himself is set to save about $19,000 annually from the tax cuts.)

“Cool! Now she’s just one historic tax cut away from a bus pass,” Stephen Colbert said of the tweet.

The Late Show host on Monday pointed out another tweet from Ryan: “These @TaxReform ‘crumbs’ are really starting to add up. After the tax overhaul, Hostess employees will (literally) get a sweet treat.” Ryan then linked to a story about how, once a week, Hostess employees will now be able to take home a “multipack of the product of the week.”

Video:


“No that is good news, everybody,” Colbert said to loud boos from the audience, “summed up by middle-class hero Marie Antoinette, who famously said, ‘Let them eat Ding Dong.’”

“It’s interesting that Paul Ryan would boast about somebody making an extra $1.50 a week seeing as how others are bringing home considerably more bacon,” the comedian added.

Colbert then threw to a story about how, 13 days after the tax cuts were passed, billionaire Charles Koch and his wife, Elizabeth, donated almost $500,000 to Ryan’s joint fundraising committee—and another nearly half a million to the NRCC.

To that, Colbert announced: “Oh, I would like to kick him in the Ding Dongs.”

The new tax bill will benefit Koch—and his company Koch Industries—greatly, considering that it reduces the corporate tax rate from 35 percent to 21 percent, saving him millions.

https://www.thedailybeast.com/stephen-colbert-goes-off-on-paul-ryan-i-would-like-to-kick-him-in-the-ding-dongs?via=newsletter&source=AMDigestOrig_ABTest
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inkling7
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PostPosted: Tue Feb 06, 2018 1:39 pm    Post subject: No trickle down effect, really? Reply with quote

So people waiting to get told they are being made redundant is not due the trickle down effect? Sheesh you are a bigger idiot than I was led to believe if you think that the tax cuts will benefit those lower down on the scale than others..... These punchable faces are now turning into smash able faces into pulps faces to me and am not even from the US.... super grin
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PostPosted: Tue Feb 06, 2018 2:46 pm    Post subject: Ryan Brags About $1.50 Raise, Gets Shut Down HARD Reply with quote

Paul Ryan Brags About $1.50 Raise, Gets Shut Down HARD
David Pakman Show
Published on Feb 5, 2018
--House Speaker Paul Ryan (R-WI) praised the Trump tax cuts on Twitter, celebrating a public high school secretary's raise of $1.50 per week; countless people berated Ryan on Twitter leading to his removal of the tweet

https://youtu.be/WuEUqjnONTY


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Last edited by Le NewYorkais on Tue Feb 06, 2018 2:57 pm; edited 1 time in total
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