Tax Reform

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. 

HesCalledDyer

EdsonNascimento said:

uh Oh!    Bonuses and wage raises being announced by companies based on anticipated savings.   Were Trump and Ryan right?  It’s a conspiracy!

i think the Dems’ boat is starting to leak.

I'll say this until I'm blue in the fucking face.  NONE of these companies needed the tax bill to pay their employees more.  It's nothing but bullshit posturing.

P.S. If it weren't for Ronald fucknut Reagan, we never would've gotten into this mess in the first place.

HesCalledDyer

Jeff Bezos could give every single Amazon employee a check for $200,000 and he'd still be a multi-billionaire.

Halifax2TheMax

HesCalledDyer said:

EdsonNascimento said:

uh Oh!    Bonuses and wage raises being announced by companies based on anticipated savings.   Were Trump and Ryan right?  It’s a conspiracy!

i think the Dems’ boat is starting to leak.

I'll say this until I'm blue in the fucking face.  NONE of these companies needed the tax bill to pay their employees more.  It's nothing but bullshit posturing.

P.S. If it weren't for Ronald fucknut Reagan, we never would've gotten into this mess in the first place.

Who is Ronald Reagan? Is he one of the guys on Mt. Rushmore?

HesCalledDyer

Halifax2TheMax said:

HesCalledDyer said:

EdsonNascimento said:

uh Oh!    Bonuses and wage raises being announced by companies based on anticipated savings.   Were Trump and Ryan right?  It’s a conspiracy!

i think the Dems’ boat is starting to leak.

I'll say this until I'm blue in the fucking face.  NONE of these companies needed the tax bill to pay their employees more.  It's nothing but bullshit posturing.

P.S. If it weren't for Ronald fucknut Reagan, we never would've gotten into this mess in the first place.

Who is Ronald Reagan? Is he one of the guys on Mt. Rushmore?

The way republicans act, the men on Mt. Rushmore aren't even worthy of Reagan's presence.

Gern Blansten

I won't lie.....I love the savings that I will get from this new tax bill.  

But I will never let a republican call themselves the party of fiscal responsibility....not fucking ever again.

While I think that everyone making below $500K needed a tax cut, those making more than that should pay more to keep the tax bill revenue neutral.

mrussel1

mcgruff10 said:

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. 

Was that post tax, 401k, etc?

mcgruff10

mrussel1 said:

mcgruff10 said:

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. 

Was that post tax, 401k, etc?

I have a 403b and a pension. So the paycheck went up post all that great stuff. 

mrussel1

mcgruff10 said:

mrussel1 said:

mcgruff10 said:

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. 

Was that post tax, 401k, etc?

I have a 403b and a pension. So the paycheck went up post all that great stuff. 

Are you the last person left with an active pension? Congrats .

mcgruff10

mrussel1 said:

mcgruff10 said:

mrussel1 said:

mcgruff10 said:

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. 

Was that post tax, 401k, etc?

I have a 403b and a pension. So the paycheck went up post all that great stuff. 

Are you the last person left with an active pension? Congrats .

yeah who knows if it'll be there when I retire, that's why I send as much as I can into my 403b.

tweedyfanjen

mrussel1 said:

mcgruff10 said:

mrussel1 said:

mcgruff10 said:

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. 

Was that post tax, 401k, etc?

I have a 403b and a pension. So the paycheck went up post all that great stuff. 

Are you the last person left with an active pension? Congrats .

I have one and it was a big reason why I went into my field. It's nice to know that if for any reason I needed to (health, my mom's health,etc) I could retire in a couple of years.