Tax Reform

Halifax2TheMax

More tax reform brilliance, brilliantly written to check a box and pay back the donor class. Team Trump Treason at it again. What will Team Trump Treason’s personal benefit be? Anyone? 3D? Anyone at all?

https://finance.yahoo.com/news/corporations-may-dodge-billions-u-234153823.html

mrussel1

mcgruff10 said:

Tomorrow s pay day!! Will my paycheck go up or down?

Probably neither.  The IRS hasn't released the new with holding schedule.

unsung

rgambs said:

mrussel1 said:

unsung said:

Yeah, why not actually try it.

Well it was tried in the market, without regulation,  in the early 20th century.  It failed miserably.  All of these theories fail to account for the folly and corruption of humans. 

Expect crickets 

Only in your head.

Your logic...

Humans are corrupt.  They can't be trusted to make inportant decisions.

My logic...

Government is made of humans.  Let's take a generic Ms. Public Servant that enters the Senate worth $200k.  Someone on a salaray of less than that exits said Senate worth tens of millions of dollars.  How many laws were passed in her favor?

Want to get rich?  Become a politician.

unsung

I mean the funny thing here is you all bemoan the CEO of the 1900's but don't say shit about how people like the Clintons became multi-millionaires as PUBLIC SERVANTS.

Likely, quite likely, decisions made by modern politicians hurt more people around the globe than a now antiquated but then emerging industrial system did.

You wouldn't know irony if it slapped you on the backside.

rgambs

You've still got a perfect record on refusing to provide an example where your system even comes close to working or a legitimate reason why it could work.

mcgruff10

mrussel1 said:

mcgruff10 said:

Tomorrow s pay day!! Will my paycheck go up or down?

Probably neither.  The IRS hasn't released the new with holding schedule.

good call.   stayed the same.

rgambs

unsung said:

I mean the funny thing here is you all bemoan the CEO of the 1900's but don't say shit about how people like the Clintons became multi-millionaires as PUBLIC SERVANTS.

Likely, quite likely, decisions made by modern politicians hurt more people around the globe than a now antiquated but then emerging industrial system did.

You wouldn't know irony if it slapped you on the backside.

Does that piss me off? Yes it does.
But you expect me to be more angry at the rich person who's trying to protect my wages then the rich person who is trying to reduce my wages and erode my work conditions?

Not going to happen.
And I don't need to hear any bologna about the market handling issues of worker compensation and working conditions, because history has proven otherwise.

unsung

And no regard for your lost freedoms?

unsung

It's all about wages, huh?

rgambs

Not just wages, wages and conditions.

I have all the freedoms I could ever need?  What on Earth am I not free to do in this country??

mrussel1

rgambs said:

Not just wages, wages and conditions.

I have all the freedoms I could ever need?  What on Earth am I not free to do in this country??

Smoke weed here on the east coast.... but no worries, Sessions will fix that I'm sure.  He'll give me the freedom that actually matters to me.  

rgambs

True, though that's never stopped me.
I'm free to possess and smoke weed in amounts that are perfectly sufficient without risk of arrest.
That's good enough for now, but it's another reason I will always vote Democrat because that's the only chance we have at full legalisation.
Obama really let us down.

Halifax2TheMax

unsung said:

I mean the funny thing here is you all bemoan the CEO of the 1900's but don't say shit about how people like the Clintons became multi-millionaires as PUBLIC SERVANTS.

Likely, quite likely, decisions made by modern politicians hurt more people around the globe than a now antiquated but then emerging industrial system did.

You wouldn't know irony if it slapped you on the backside.

Go back and look at 20 years of Hillary’s tax returns, maybe borrow a couple of books they’ve both written and read up on how they both came from middle class backgrounds, got themselves educated through hard work and intelligence and rose to the level they did. Real Horatio Alger stories that you repubes love to talk about but always damn and do everything you can to prevent. Congress or government should be made up of Joe the Plumber types or welfare recipients, eh Unsung? Somebody sounds jealous of “success.”

mrussel1

rgambs said:

True, though that's never stopped me.
I'm free to possess and smoke weed in amounts that are perfectly sufficient without risk of arrest.
That's good enough for now, but it's another reason I will always vote Democrat because that's the only chance we have at full legalisation.
Obama really let us down.

Okay fine.  Well you're not free to purchase and drive a fully operational Sherman tank through your city while wielding a Street Sweeper.  That's the very definition of 1984 right there.  

Gern Blansten

unsung said:

I mean the funny thing here is you all bemoan the CEO of the 1900's but don't say shit about how people like the Clintons became multi-millionaires as PUBLIC SERVANTS.

Likely, quite likely, decisions made by modern politicians hurt more people around the globe than a now antiquated but then emerging industrial system did.

You wouldn't know irony if it slapped you on the backside.

How did she make money?  Mostly from speeches right? (edit) AND FROM SELLING BOOKS...she's a self employed author, an entrepreneur...you should love that.

What does she do with the money?  How much does she donate?

Compare that to your boy tRump and the tRump Foundation that is closing due to being a bullshit non profit

mrussel1

Gern Blansten said:

unsung said:

I mean the funny thing here is you all bemoan the CEO of the 1900's but don't say shit about how people like the Clintons became multi-millionaires as PUBLIC SERVANTS.

Likely, quite likely, decisions made by modern politicians hurt more people around the globe than a now antiquated but then emerging industrial system did.

You wouldn't know irony if it slapped you on the backside.

How did she make money?  Mostly from speeches right?

What does she do with the money?  How much does she donate?

Compare that to your boy tRump and the tRump Foundation that is closing due to being a bullshit non profit

Yeah, that's right.  The Clinton's forcefully extracted speaking fees from disadvantaged corporate executives in a truly deplorable way.  

BTW - I actually attended one of these speeches in about 2003, by Bill.  I can tell you it was expensive and I went with a Mormon Bishop.  He was obviously very socially conservative, 9 kids, etc.  Anyway, the speech was amazing and he was absolutely dazzled by Bill's speech.  It reminds me, in retrospect, of that Family Guy episode where Bill Clinton ends up sleeping with both Lois and Peter (the cankle episode).  

stuckinline

UnitedHealth Group, the country’s largest insurer, will gain $1.7 billion in additional earnings in 2018 because of the GOP tax bill, the company’s CEO said Tuesday.
http://thehill.com/policy/healthcare/369147-unitedhealth-expects-17b-windfall-from-tax-law

POS GOP tax bill.

PJ_Soul

unsung said:

You're*

Finally I agree with you about something. Yay!

RiotZact

mrussel1 said: 

that Family Guy episode where Bill Clinton ends up sleeping with both Lois and Peter (the cankle episode).  

“Wow, you are GOOD.”

JC29856

Another great piece, sums up the main problem in Washington.
 

How Hedge Funds (Secretly) Get Their Way in Washington

Fake grass roots. An inflatable rat. Testimony with hidden ties. Billionaires are using DCI Group to make their bets pay off—while keeping the public in the dark.

https://www.bloomberg.com/news/features/2018-01-25/how-hedge-funds-secretly-get-their-way-in-washington

CM189191

unsung said:

rgambs said:

mrussel1 said:

unsung said:

Yeah, why not actually try it.

Well it was tried in the market, without regulation,  in the early 20th century.  It failed miserably.  All of these theories fail to account for the folly and corruption of humans. 

Expect crickets 

Only in your head.

Your logic...

Humans are corrupt.  They can't be trusted to make inportant decisions.

My logic...

Government is made of humans.  Let's take a generic Ms. Public Servant that enters the Senate worth $200k.  Someone on a salaray of less than that exits said Senate worth tens of millions of dollars.  How many laws were passed in her favor?

Want to get rich?  Become a politician.

Clintons got rich through paid public speeches, not by being politicians.

So...how many laws were passed?  Or is that just a loaded rhetorical question?

Gern Blansten

CM189191 said:

unsung said:

rgambs said:

mrussel1 said:

unsung said:

Yeah, why not actually try it.

Well it was tried in the market, without regulation,  in the early 20th century.  It failed miserably.  All of these theories fail to account for the folly and corruption of humans. 

Expect crickets 

Only in your head.

Your logic...

Humans are corrupt.  They can't be trusted to make inportant decisions.

My logic...

Government is made of humans.  Let's take a generic Ms. Public Servant that enters the Senate worth $200k.  Someone on a salaray of less than that exits said Senate worth tens of millions of dollars.  How many laws were passed in her favor?

Want to get rich?  Become a politician.

Clintons got rich through paid public speeches, not by being politicians.

So...how many laws were passed?  Or is that just a loaded rhetorical question?

and selling books...they came from humble upbringings and pulled themselves up by their bootstraps....doesn't Ayn Rand approve of that shit?

PJPOWER

CM189191 said:

unsung said:

rgambs said:

mrussel1 said:

unsung said:

Yeah, why not actually try it.

Well it was tried in the market, without regulation,  in the early 20th century.  It failed miserably.  All of these theories fail to account for the folly and corruption of humans. 

Expect crickets 

Only in your head.

Your logic...

Humans are corrupt.  They can't be trusted to make inportant decisions.

My logic...

Government is made of humans.  Let's take a generic Ms. Public Servant that enters the Senate worth $200k.  Someone on a salaray of less than that exits said Senate worth tens of millions of dollars.  How many laws were passed in her favor?

Want to get rich?  Become a politician.

Clintons got rich through paid public speeches, not by being politicians.

So...how many laws were passed?  Or is that just a loaded rhetorical question?

That’s a bit simplistic.  Here is a pretty good article on how they “earned” their $.

https://www.npr.org/2016/08/17/490102648/the-clintons-wrote-the-book-on-how-politicians-climb-out-of-middle-class

mcgruff10

My wife and I went up $65 per pay...so between us we get an additional $2600 a year (we get paid ten months a year).   Not too shabby.

rgambs

mcgruff10 said:

My wife and I went up $65 per pay...so between us we get an additional $2600 a year (we get paid ten months a year).   Not too shabby.

Assuming your withholding is correct, of course.

mcgruff10

rgambs said:

mcgruff10 said:

My wife and I went up $65 per pay...so between us we get an additional $2600 a year (we get paid ten months a year).   Not too shabby.

Assuming your withholding is correct, of course.

Fingers crossed it is!

Gern Blansten

mcgruff10 said:

My wife and I went up $65 per pay...so between us we get an additional $2600 a year (we get paid ten months a year).   Not too shabby.

the tables are pretty aggressive though...they might be eating into your normal refund if you typically get one.

Remember....personal exemptions are gone.  For a family of four that was a deduction of $16,400

CM189191

I got a 10% raise and a promotion because I'm an asset to my company.

It had nothing to do with the tax reform, good thing I don't have to rely on gov't tax policy to augment my income. 

Gern Blansten

I keep telling people that taxes are based on profit.  There is always incentive for more profit regardless of the tax laws (unless taxes are 100%).

So...profit is the motivator.  Bonuses to employees lower profit but possibly increase moral and benefit the company (and the company's profits) if there is less turnover.

mcgruff10

Gern Blansten said:

mcgruff10 said:

My wife and I went up $65 per pay...so between us we get an additional $2600 a year (we get paid ten months a year).   Not too shabby.

the tables are pretty aggressive though...they might be eating into your normal refund if you typically get one.

Remember....personal exemptions are gone.  For a family of four that was a deduction of $16,400

Good point. I m definitely going to stick it into my savings account.