run with the wom wrote:
$190 per month. Going to put it into 401k
Make sure you do it in pre tax dollars. When that's used up, go to after tax dollars
run with the wom wrote:
$190 per month. Going to put it into 401k
Make sure you do it in pre tax dollars. When that's used up, go to after tax dollars
nokidding wrote:
I'm a fiscal conservative. I usually get to choose between
GOP - tax cuts and massing overspending
Democrats - tax increases and massing overspending
The latter is the wrong idea, but the former is truly stupid.
That you Flagpole? We know Trump's an idiot and yer gal Hillary would have made the country better for everyone, right!?
Keeping $277 more a month. Still paying off a student loan so that should speed it up a bit
Between Obama's "affordable healthcare" and Trump's "largest tax cut in American history" I wenr from receiving $1500 to owing $3500.
I doubt they'll ever get it from me. Siya-fuckn-nara
wonder what Flagpole thinks wrote:
nokidding wrote:
I'm a fiscal conservative. I usually get to choose between
GOP - tax cuts and massing overspending
Democrats - tax increases and massing overspending
The latter is the wrong idea, but the former is truly stupid.
That you Flagpole? We know Trump's an idiot and yer gal Hillary would have made the country better for everyone, right!?
No I think what he meant was is Trump's an idiot and so is Hillary. Massive tax cuts with no decrease in spending is a fiscally irresponsible thing to do as is tax increases and massive increases in spending.
NOnpartisan wrote:
wonder what Flagpole thinks wrote:
That you Flagpole? We know Trump's an idiot and yer gal Hillary would have made the country better for everyone, right!?
No I think what he meant was is Trump's an idiot and so is Hillary. Massive tax cuts with no decrease in spending is a fiscally irresponsible thing to do as is tax increases and massive increases in spending.
Except for the fact that virtually every time there are tax cuts revenue actually increases.
$97. But at the expense of my children and grandchildren's future.
Um, but history tells us... wrote:
Rainy Day wrote:
In theory I’m okay with tax cuts if we can also eventually get to govt spending cuts.
Brah, the important part of your statement is highlighted above. This is the major problem with tax cuts. They NEVER “get to govt spending cuts”.
How dumb are people? Why do they forget so quickly? The modern GOP is NOT fiscally conservative. They have cut taxes before—several times in most of our lifetimes—and they NEVER get to cutting spending.
I suppose a tax cut would be fine IF they passed a legislation slashing government spending FIRST. In other words, cut spending by X amount so they know how much less revenue they’l be taking in and then give X amount back to tax payers. But that’s not what happens. We’ve seen this playbook before—recently.
The GOP controlled both houses of Congress AND the had a GOP POTUS for 6 of the 8 Bush II years—this was not that long ago, the early 2000s. They passed a massive tax cut. What else did they do? Well they 1) said the tax cuts would “pay for themselves by driving economic growth 2) they then MASSIVELY INCREASED government spending!
What happened? We had a short term boom followed by a MASSIVE economic collapse AND a MASSIVE increase in the national debt. But since the economic collapse happened several years later dumb people with short attention spans that are obsessed with tax cuts who think that the minute tax legislation is passed the full effect of said tax legislation is felt—are and were mentally unable to connect the collapse to very bad tax & spend policies of the GOP.
So, what is happening now? 1) the GOP is saying the same thing about “tax cuts paying for themselves” by driving economic growth (sound familiar?) 2) CEOs are smart and know if they throw peons short term benefits (peanuts) that they can connect that to the tax cuts and say “see trickle down works! What’s good for corporations is good for individuals”...meanwhile they pocket > 90% of the benefit from the cut 3) the GOP proposes MASSIVE increases in defense spending, infrastructure spending, and spending for a border wall with no plan to pay for any of it.
These tax cuts will have the same effect as prior cuts—a very short term boom followed by a huge increase in the national debt and an eventual economic collapse that disproportionately effects individuals (who, yeah, got a short term increase in $) while corporations make out like bandits (their cuts are permanent). Plus, all the benefits (short term) will be attributed to the current admin, while the long term bad effects will be blamed on whomever is in office when the $hit hits the fan in several years.
Why do you tax obsess Morans not understand that at this point the ONLY rational approach is an INCREASE in taxes coupled with a DECREASE in spending. We owe too much already to get tax cuts, they are a bad idea.
^This. There will be no cuts in entitlement programs and yes that is the fault of both parties. But, republican voters need to realize that GOP members of Congress don’t actually want to cut entitlement benefits (social security and medicare) any more than the Dems because they know that despite the fact that some voters in their party say they want these cuts those same voters mean they want to cut OTHERS benefits not their personal benefits. Once voters realize that entitlement cuts actually effect them personally they change their tune, get pissed, and blame whomever is doing the cutting—which in this case would be republicans. Cutting benefits is politically toxic for either party which is why it never happens.
So, we seem to be in this cycle where the GOP takes over cuts taxes, increases spending (defense spending or starts an unnecessary war like Iraq), promises entitlement cuts but doesn’t do it, loses the next election cycle so the cuts really don’t happen, and then we have an economic crisis. Wash, rinse, and repeat over and over again. The result being a very, very dumb fiscal policy overall by the US.
I like the IDEA of tax cuts and I definitely am in favor of some sort of law that forces spending cuts PRIOR to any tax cuts being made.
We cannot sustain this cycle.
There are a lot of valid points that have been stated here....BUT isn't this really a way for the Republicans to earn your vote in November?
Tax Man wrote:
There are a lot of valid points that have been stated here....BUT isn't this really a way for the Republicans to earn your vote in November?
Absolutely!
If my local GOP candidates where able to accomplish (not just promise) the following I would vote for them but the same list is true for Dem candidates....
1) pushes for legislation and/or pushed for a constitutional amendment requiring any tax cut to be tied to a dollar for dollar cut in spending OR alternatively tied any big government spending program (like infrastructure or increased defense spending) to be tied to a tax INCREASE (basically I want to eliminate un-funded mandates on both the tax side and the spending side)
2) pushes for a constitutional amendment that essentially invalidates the SCOTUS Citizens United decision
3) found a way to not deport DACA recipients via a compromise
4) found a compromise that allowed for tougher immigration enforcement and border security WITHOUT building a physical wall
5) removed marijuana from schedule one designation and allowed states to regulate the drug as they see fit
Guy who sometimes gives +1 or says ^This wrote:
Tax Man wrote:
There are a lot of valid points that have been stated here....BUT isn't this really a way for the Republicans to earn your vote in November?
Absolutely!
If my local GOP candidates where able to accomplish (not just promise) the following I would vote for them but the same list is true for Dem candidates....
1) pushes for legislation and/or pushed for a constitutional amendment requiring any tax cut to be tied to a dollar for dollar cut in spending OR alternatively tied any big government spending program (like infrastructure or increased defense spending) to be tied to a tax INCREASE (basically I want to eliminate un-funded mandates on both the tax side and the spending side)
2) pushes for a constitutional amendment that essentially invalidates the SCOTUS Citizens United decision
3) found a way to not deport DACA recipients via a compromise
4) found a compromise that allowed for tougher immigration enforcement and border security WITHOUT building a physical wall
5) removed marijuana from schedule one designation and allowed states to regulate the drug as they see fit
This makes too much sense! Will never happen. certainly not with trump in the white House. By the way, Pay actually went down by $38 per fortnight. Combine that with state adjusting their cut, gas tax going up 6% and new tolls, I stand to lose quite a bit. In addition, Cobra plan for health insurance predicts our costs will go up by $200-$250 per month because of a decrease in the number of "healthy" people in the pool. Overall, particularly as these "massive tax cuts for the middle class" are phased out, I'm pretty much screwed. But, hey, if I had put hundreds of thousands into an IRA over the last 45 years instead of putting 4 kids through college I'd be ok.
Nothingburger wrote:
asdfe wrote:
What's your situation that you saw a 4% tax increase?
Pretty middle class and standard income and deductions. I did get a 2% raise at the end of the year. But let's wait until Feb checks roll in before casting final judgement.
I think we work at the same place.
NOnpartisan wrote:
wonder what Flagpole thinks wrote:
That you Flagpole? We know Trump's an idiot and yer gal Hillary would have made the country better for everyone, right!?
No I think what he meant was is Trump's an idiot and so is Hillary. Massive tax cuts with no decrease in spending is a fiscally irresponsible thing to do as is tax increases and massive increases in spending.
Dude, with the expected growth in the GDP from the new tax bill our deficit will be whittled down very fast....Much faster than under the moron who just spent 8 years in the White House....And who DOUBLED the deficit....
A whopping $12.32... $320 for the year if it holds true.
IMO, pooled and directed toward a national need would be a better fate for that money. What comes to mind is a quote from the Swiss friend of a travel writer:
[Travel writer] “How can you Swiss people be so docile about paying such high taxes?” Without missing a beat, he replied, “Well, what’s it worth to live in a country where there’s no hunger, no homelessness, and where everyone — regardless of the wealth of their parents — has access to quality healthcare and education?”
Europe is in disarray from it's failed experiment with Liberal socialism....You leftists never learn....
truthseakr wrote:
Europe is in disarray from it's failed experiment with Liberal socialism....You leftists never learn....
I see ex-thrower is back with a different name. I thought you moved on to something else by now.
Poxtow wrote:
$97. But at the expense of my children and grandchildren's future.
Really? You don't plan to pass any of your wealth onto your kids?
$105 more. But I work in a sector of health care highly dependent on fed government funding, in a deep blue state, so sooner or later will start feeling the hurt. Unless Wall Street bonuses can provide a life line to the state budget. It feels good now, but long term is going to suck for me.
Yeah...I'm getting more money but, but, but.....I'm still a sad, depressed liberal who wonders why the World is so unfair...
TAA wrote:
Mine went up $70. Pretty nice I suppose.
I must make a lot more than shmucks like you. I rarely look at my monthly take home, but this thread inspired me to do so. I'm up several hundred thanks to the tax cut. Trump should still be deported, in my opinion, and this will all end badly, but I'll go buy a nice leather jacket now.