Ther American Age is Done

[JMR]

I think he shouldn't use offensive names for his political opponents. He and I don't correspond, so I don't say that to him. But if he ever asks me.....

So you agree his insulting name calling is detrimental to the country and speaks very poorly of his intellect....

 

[RetiredAtLast]

If you lost deductions you were previously entitled to that would be a negative.

Please identify any deductions that will be lost if the 2017 tax cuts are continued. In fact, ""Notably, the $10,000 cap on the deduction for state and local income taxes against federal taxes would be lifted, and interest on mortgages up to $1,000,000 would be deductible (up from $750,000 under the TCJA)." So those two deductions will be increased. https://www.jpmorgan.com/insights/wealth-planning/taxes/tax-cuts-and-jobs-act-tcja#section-header#0

MAGA doesn't like to understand this.

"MAGA" understands it at least as well as you do.

The result is many Americans are subsidizing your tax cut by paying more income tax.

Please explain to me how anyone except the top bracket will pay more income tax because of making the 2017 tax cut permanent. NOT how it could IF, but how it will.

 

[RetiredAtLast]

So you agree his insulting name calling is detrimental to the country and speaks very poorly of his intellect....

No, I said I don't think he should do it.

 

[JMR]

Please identify any deductions that will be lost if the 2017 tax cuts are continued. In fact, ""Notably, the $10,000 cap on the deduction for state and local income taxes against federal taxes would be lifted, and interest on mortgages up to $1,000,000 would be deductible (up from $750,000 under the TCJA)." So those two deductions will be increased. https://www.jpmorgan.com/insights/wealth-planning/taxes/tax-cuts-and-jobs-act-tcja#section-header#0

I have not suggested that more deductions will be lost if the 2017 tax cut is allowed to expire. I am also not believing Trump's promises to cancel the cap, he's been known to lie before. In any event, in the best of circumstances, and the cap is eliminated, is there a way to be compensated for being wrongfully taxed over the past several years?

SALT Cap Repeal? What to Expect in 2025 Tax Reform

Some lawmakers say it’s time to end or increase the $10,000 cap on state and local tax deductions, and President Trump seems to agree.

www.kiplinger.com

 

[Tangmo]

Because that is the recent high price. I suppose we could go back to 2013, but 2023 was at the peak of the present inflation cycle.

What I want to know is what happened on Day One that made nothing happen on Day One.

Except everything went up.

Instead of going down. Trump was right that the action on Day One happened fast. Now though Trump is America's new Wrong Way Corrigan.

Trump's running the ball in the wrong direction.

 

[RetiredAtLast]

I have not suggested that more deductions will be lost if the 2017 tax cut is allowed to expire.

The effort being made by Republicans now is to keep it from expiring; to make it permanent.

I am also not believing Trump's promises to cancel the cap, he's been known to lie before.

You purposely confuse lying with not being able to do something. Changes to the tax code must be approved by Congress. If Congress doesn't approve canceling the sales tax cap, there is nothing Trump can do about it.

In any event, in the best of circumstances, and the cap is eliminated, is there a way to be compensated for being wrongfully taxed over the past several years?

No. You haven't been wrongfully taxed. You've been legally taxed as Congress enacted the law.

 

[RetiredAtLast]

Trump's running the ball in the wrong direction.

Try to be patient. You'll feel better.

 

[Grand Mal]

I think he shouldn't use offensive names for his political opponents. He and I don't correspond, so I don't say that to him. But if he ever asks me.....

He's an idiot.
An idiot is someone who says and does stupid things, right? Would you agree?

 

[JMR]

The effort being made by Republicans now is to keep it from expiring; to make it permanent.


You purposely confuse lying with not being able to do something. Changes to the tax code must be approved by Congress. If Congress doesn't approve canceling the sales tax cap, there is nothing Trump can do about it.

No. You haven't been wrongfully taxed. You've been legally taxed as Congress enacted the law.

There are several Republicans in Congress who have vowed to not vote for any tax bill that does not eliminate the cap. Johnson will have his hands full with this one. We will see which side Trump steps in to support. You seem to think Republican Congress members vote independently of Trump's approval.

It is estimated that if the cap is eliminated revenues of 1.5 TRILLION dollars will be lost. That equals a lot of money raised on the backs of middle income citizens who are adversely affected by the cap. Who's going to make that up? Taxing the wealthy is out of the question, as is taxing corporations. So Musk will put 10's of thousands out of work to balance it all out?

 

[tshade]

If you pay personal income tax, your tax rate is lower than before the 2017 rate cuts.

?????????? okay, that's nice. But Trump's tariffs is the largest tax increase on average Americans in history

 

[tshade]

Ummm, "pro-active against foes" sounds like doing things to Europe's foes (mostly Russia).

Russia is our #1 foe---must be pro-active and deter, etc, etc

That sounds like a good way to invite hostility.

Ah, yes. You're right, but as Everett McKinley Dirksen once said, "A billion here, a billion there, and pretty soon you're talking about real money." Our troops and their weapons should be there to protect our interests and honor any treaties that we have. But they should not be a substitute for European troops and weapons.

fine line

 

[tshade]

I felt much the same about Biden, but made a conscious effort NOT to use cheap or degrading nicknames for him. I think such cheap insults are degrading to the country, and they don't enhance the user's apparent IQ.

Agree-------when people stoop to Trump's level of discourse it can only hurt us (now do you get the problem....?)

 

[RetiredAtLast]

?????????? okay, that's nice. But Trump's tariffs is the largest tax increase on average Americans in history

It's predicted to be, but we have yet to see any actual price increases that I know of. Have you seen any?
Besides, it only costs more if you buy something with a higher price. Whether it "the largest tax increase" depends on what you buy and where it comes from.

 

[RetiredAtLast]

Agree-------when people stoop to Trump's level of discourse it can only hurt us (now do you get the problem....?)

I get a lot of problems, but I'm not sure which one you mean.

 

[PeacefulWarrior]

Because I don't know of anyone named Crooked Donnie.

You know, the fat **** that is your Reality TeeVee Messiah.

Don't you play COY with me fella LMAO.

 

[PeacefulWarrior]

I felt much the same about Biden, but made a conscious effort NOT to use cheap or degrading nicknames for him. I think such cheap insults are degrading to the country, and they don't enhance the user's apparent IQ.

Why do you hold an anonymous avatar on an Internet forum to a higher standard than you hold your Reality TeeVee Messiah?

 

[RetiredAtLast]

Why do you hold an anonymous avatar on an Internet forum to a higher standard than you hold your Reality TeeVee Messiah?

Assuming you're referring to the President, it's because I know of the President's educational and professional accomplishments. Anonymous avatars who use stupid epithets about a President have only exposed a seedy, not very bright, side.

 

[tshade]

Assuming you're referring to the President, it's because I know of the President's educational and professional accomplishments. Anonymous avatars who use stupid epithets about a President have only exposed a seedy, not very bright, side.

you are correct-------we should aspire to a higher level at all times. Trump is a very poor leader, however, and people slip. Trump himself has stooped very low and thus has given a terrible example to others through the years. In the last 10 years I have noticed democrats and "never-Trumpers" attempt to go at a high level, but the Trumpers did not care and countered negatively-----that is no good excuse, I agree, but it is much to ask the average person. Trump has been recently rated the worst president in history by nearly all historians so far, , so it stands to reason that name-calling will occur.....

 

[JMR]

Assuming you're referring to the President, it's because I know of the President's educational and professional accomplishments. Anonymous avatars who use stupid epithets about a President have only exposed a seedy, not very bright, side.

Care to expand on the President's educational accomplishments?

 

[Tangmo]

Try to be patient. You'll feel better.

Alas, it's a vacuous MagaMerican Bromide.

PeptoMaga.

MagaBrismol.

You guyz don't know whether the Fed should raise rates or lower 'em. Rates are moving lower on their own out of FEAR. You guys can't give a date for your supposed success -- you guys can't even give a season of the year for your success. You guyz can't say which year for your doomed project to succeed.

All you guyz have is your Cult, your posts and willy nilly tariffs by the fiat of a madman lunatic who's certain in the absolute he's right and the world's wrong. One Guy. A hundred million moron Americans.

 

[RetiredAtLast]

In the last 10 years I have noticed democrats and "never-Trumpers" attempt to go at a high level,

I haven't seen that. From my perspective, all I see of Democrats are lies about his intentions and, of course, scurrilous insults. The legal charges are marginal, at best, but inspire followers because they're obvious cases of using the law against a political opponent. ( I don't intend to relitigate the charges. I'm just giving you some views from my perspective.) And yes, he does things like call Elizabeth Warren, "Pochahontas," that I'd prefer he didn't. But, AFAIK, he hasn't called anyone a Nazi or likened political opponents to Hitler. In the current effort to find waste and fraud, Democrats accuse him of trying to steal taxpayer money for himself. On legislation, he's falsely accused of planning to kill Medicare and Social Security, just as Republicans have been every four years since Christ was a Corporal. And it all comes from all levels of the left, from high-ranking elected and appointed officials to people in "debate" forums.

Trump has been recently rated the worst president in history by nearly all historians so far,

Those same historians, if they're honest, will also tell you that the place of a President in history can't be evaluated for at least 20 years after he leaves office. (What if Trump's tariff moves do what he plans in terms of improving global commerce? What will "historians" say then?)

 

[Hamish Howl]

?????????? okay, that's nice. But Trump's tariffs is the largest tax increase on average Americans in history

Yes, but that tax will disproportionally fall on the working class, which is how rich bastards like it.

 

[Hamish Howl]

I haven't seen that. From my perspective, all I see of Democrats are lies about his intentions and, of course, scurrilous insults.

We don't have to. His intentions are bad and he's an asshole. Why make stuff up when you don't have to?

 

[RetiredAtLast]

Care to expand on the President's educational accomplishments?

Sure, He began college at Fordham University where he studied for two years. He then went to the prestigious Wharton School of Business at Pennsylvania University from which he graduated with a Bachelor's Degree in Economics.

 

[Tangmo]

Everyone's life matters. Whatever color; whatever race.

Things Trump never says.

But your posts don't say THAT.

Your posts virtue signal instead. As they give Trump a free ride. While towing his line.