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Here's how your take-home pay could change if Trump's new tax plan is passed

Posted by $ nickursis 8 years, 4 months ago to Economics
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Hmm....I keep wanting to believe that a plain 10% "flat Tax" would be the best way to do this, since the looters ARE going to loot, no matter what. All of this "talk" keeps adding up to just making the smoke a different color and making the mirrors more polished. It still is a game where you have to try to "out loot the looters" using all their weird gambits and tricks. There is still way too much money to be taken by keeping the current system, and all the "donations" it causes to be made, to political campaigns.


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  • Posted by 1musictime 8 years, 3 months ago in reply to this comment.
    .Ragnar may be more real than lots of people. A number may aspire to adopt the traits. One of the people writing here agrees with his words.He writes the words with the present topic.People write here because of the book. A number may be pretenders.It's to develop characteristics like the characters in the book. Too much of a number of people are like fiction, not knowing fiction from non-fiction.It's one of the reasons of no accomplishments.It's not to believe most peoples' words writing here, or the words in the book?Too much of a number of people believe various people writing of the writer are the same, not distinct. They are distinct. The writer tops most people writing here.The characters' words in the books top most people with their words writing here.one can be independent concomitantly allowing character developments to emulate characters' characteristics in the books. Most are not.A number wish great characters in the books are outside the books, too.It's a part of the reasons the great cinemas sell. Lots of people wish they are among the good people on Earth and get to get and cause good things to occur.Who writes they are not and more are arriving?By certain ways Donald Trump arrives in a profession with words directing toward bold actions to steer away from the follies incorrect in the same profession.It may be more the requirements of various people not to believe fiction, but adopt the characteristics and make them non-fiction in a non-fictional world.
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  • Posted by CircuitGuy 8 years, 3 months ago in reply to this comment.
    "many millions of people did not take up ranching and drilling over the course of three generations."
    I model tax deductions as shifting the demand curve upward, causing the market to find a new equilibrium point with slightly higher quantity demanded/supplied and slightly higher price. How much the quantity demanded and price change is a function of the elasticity of demand.
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  • Posted by $ MikeMarotta 8 years, 3 months ago in reply to this comment.
    Thanks for fighting the good fight. The tax deduction for mortgage interest served several purposes, but mostly fed the desires of most people to own their homes. The tax code also gave breaks to cattle ranches and oil wells, but many millions of people did not take up ranching and drilling over the course of three generations.
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  • Posted by $ MikeMarotta 8 years, 3 months ago in reply to this comment.
    Well, yes, but it is never that simple. In the wake of a downturn as in 2005-2008, the selling point becomes that you can pick it up for less than the market value or some multiple of the appraised value. Either way, you get it for less. I just wanted to footnote ewv's otherwise cogent point, which is largely true nationwide.
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  • Posted by $ 8 years, 3 months ago in reply to this comment.
    The mortgage interst deduction DIRECTLY supports banks that loan, get fees, and make money off the churn. They sell the mortgages to large interests like investors and Freddy and Fannie and then make that money available again. If the mortgage interest deduction goes, so does their available market, so they contribute huge money to politics and buy the laws they want to protect that. There is NOBODY trying to lower taxes today, because that would mean cuts and a reduction in spending, which is the exact opposite of what is going on. They just make it SOUND like they want to lower taxes, and I have yet to find anything telling me that I will be paying less in any of the tripe proposals.
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  • Posted by $ 8 years, 3 months ago in reply to this comment.
    ewv, and you do not? They (the political elite rulers) have ulterior motives for EVERYTHING and none of it is for their constituents. That is the root of the problem we have, we no longer have a representative government of the people, it is representative of the donors. Money in politics and the fact they have the power, is inevitably leading to a special class of the 1% and the 99% who have to support it. The huge tax burden is reflective of this at every level in government down to your county.
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  • Posted by $ 8 years, 3 months ago in reply to this comment.
    Exactly, and that is indeed one of the driving forces in home price increases, no one ever wants to discuss. If they say it is worth more, then it must be...
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  • Posted by $ MikeMarotta 8 years, 3 months ago in reply to this comment.
    That's the time you said that and it is wrong in context. "Home prices have nothing to do with the total property taxes collected... " It may well be true in most places, here in Texas, things are a bit different. The local property tax is capped by state law. So, local assessors increase the "value" of your home. It still follows the "rule of three" you offered, but, again, the operation is a different here.
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  • Posted by term2 8 years, 3 months ago in reply to this comment.
    The country will collapse under collectivism anyway. It just a matter of how long prodtuctive people are willing to be used to keep collectivism solvent.

    Every tax I pay enables collectivism in this environment. I don’t feel good about that at all. That’s why Galt withdrew from supporting collectivism and convinced others to do the same. Every tax today that productive people pay seems to be used to further enslave and control us more. It’s pretty obvious and not fiction at all
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  • Posted by term2 8 years, 3 months ago
    Didn’t say that. Businesses wants tax loopholes and anti competitive advantages where possible cities want federal subsidies, and leftist politicians want to bribe the citizens to vote for them and give them more power

    This is the age of the swamp., whether we recognize it or not. Use government powers to grant me or my business special favors but don’t admit publicly WHY. The most honest are regular people who will admit to wanting special tax breaks so they can keep more of what they make. I get that. I wish liberals and businesses were as honest about why they support laws
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  • Posted by term2 8 years, 3 months ago in reply to this comment.
    You are correct that I see ulterior motives in the part of politicians and businesses primarily. I see them because they are there, not that u imagine them. Leftist politicians are the worst. They hardly ever admit why they want wasn’t some law passed. Kbsmacarc was promoted by politicians to get more voters to go democratic. The individual mandate was to force people who didn’t want Obamacare to pay anyway for it, even though they would never use it. The medical industry generally supported it because they got a raft of bailouts pretty much hidden from citizens even though taxes paid for them

    I am tired of being told one thing but the real reasons are hidden. I would suggest that I you might be overlooking what’s ready going on relative to government today
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  • Posted by ewv 8 years, 3 months ago in reply to this comment.
    I don't think in terms of race at all.

    Galt only gave one public speech in the novel. It doesn't make any difference what he did in a fictional plot. It's not a reason to collapse the country. Ayn Rand was very clear about what she thought was needed and why. You should read that instead of projecting fiction.
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  • Posted by term2 8 years, 3 months ago in reply to this comment.
    You are missing my point. I would like tax deduction for my entire mortgage payment and toss in my car payment too. Banks would prob like defuctibity of car loans too, and so would vCard dealers. That’s not a conspiracy, but that’s how taxes today keep going up
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  • Posted by term2 8 years, 3 months ago in reply to this comment.
    So u really think entitled blacks are going to understand or be interested in philosophy? They want their free ibamaphined. It’s only when the bankrupted socialist system CANT ptovide anymore that these people will be open to change

    Why do u think Galt waited until the collapse to start preaching to the masses? As long as they are being bought off by the leftists with goodies provided by the producers, things stay as they sre
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  • Posted by ewv 8 years, 3 months ago in reply to this comment.
    So what? People want lower taxes because so they can do more with their own money, except "cities" have nothing to do with it. You see ulterior motives everywhere.
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  • Posted by term2 8 years, 3 months ago in reply to this comment.
    My point isn’t that it’s a conspiracy as such., but rather a whole series of individuals supporting legislation resulting in advantages for each of them, such as with the mortgage deduction. Look just at the variety of groups fighting any change in the current law

    I want lower taxes and more deductions so I don’t have to pay so much. So I would argue for the mortgage deduction. I would argue that the whole mortgage payment should be deductible while we are at it. Banks would like because it will increase the number of loans they can write. Cities would like the mortgage deduction because they can spend more when they realize what their permissible total theft will be
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  • Posted by ewv 8 years, 3 months ago in reply to this comment.
    A collapse means things are much worse than they are now. You cannot persuade people living in fear of chaos around them to change their minds. Statists exploit emergencies for more power. Not liking something does not tell anyone what is right. People who don't know what a premise is are not going suddenly know what do just because they don't like the results of failed premises. This continued perversion of Atlas Shrugged to try to bring the country down is anti-intellectual and anti-civilized. No one should follow this nonsense.
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  • Posted by term2 8 years, 3 months ago in reply to this comment.
    Agreed that home valuations are not the cause of increased tax revenue. Spending determines required tax revenue. They estimate tax revenue and then adjust spending to use up the money. They are highly sophisticated thieves. Plus they support any changes in the laws with result in increased house prices and more and bigger houses
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  • Posted by term2 8 years, 3 months ago in reply to this comment.
    Agreed that Hillary and sanders supporters won’t automatically change their premises because of a collapse. That takes a lot of education. But a collapse may help sway a lot of people to not go along with failed premises.

    Venezuela has collapsed. The people still support Madura. The majority still believe in socialism and support Madurai as their leader The movers and shakers have moved and shake elsewhere. But I think there is an increasing minority about to rise up against socialism and are more receptive to changing their views. Maybe a Galt will cone along. I disagree that this is not the world works. People do what they have do to survive even if they don’t have philosophical roots for it Galt could appear in SF and just get booed
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  • Posted by ewv 8 years, 3 months ago in reply to this comment.
    Home values do not make property taxes go up. They are not why your taxes go up. People who want lower Federal taxes are not "swamp interests". The mortgage deduction is not why your property taxes go up. The mortgage deduction is not a conspiracy to make your property taxes go up.
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  • Posted by term2 8 years, 3 months ago in reply to this comment.
    Swamp interests are personal interests expressing themselves by trying to use government power to further them

    As home values goes up the cities spend more and therefore need to take in more. My tax bill always goes up
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