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hardnox
Advisor

How's about this

Under the GOP tax plan, the repeal of AMT, the estate tax, and reduction in corporate rates is permanent.*

 

The things that permit them to claim that there's a tax cut for the middle class expire in 5 years.

 

For starters, let's not even talk about this until they reverse this and make it 4 years.

 

*Anything can be changed but expiration makes it a whole lot easier. It also permits fuzzy math since you can leave revenue projections in future years even more flexible.

 

25 Replies
hardnox
Advisor

The family of 4 making $59 K

which, supposedly gets a (temporary) $1000 tax cut.

 

First, they would pay $400 per year in fed income tax, placing them dangerously near that point where, according to many here, they need to be disenfranchised because they don't pay taxes.

 

Math and science literacy is a big problem but I'd even hope that a few of them are cussed enough to say "keep your thousand bucks" when they figure out that about .01% get a couple $T* out of it and it is permanent.

 

 

*a trillion is a thousand billions, that's 12 zeroes.

hardnox
Advisor

Re: The family of 4 making $59 K

Maybe this would be more understandable-

 

$2T/50M households is $40K per.

 

Now lets talk. 

 

And I'd submit that doing it this way would really, really give us a red hot economy. The .01% would also benefit from that and I don't really think they're missing the money that they've been paying. It is just the way they roll.

hardnox
Advisor

UBI made simple

150ish million taxed units over 18, they all get $2K* back from the government and the high end rates, inheritance taxes AMT stay in place to fund it.

 

There's a significantly better chance that this would actually increase revenue and partly, or totally, "pay for itself" than making false assertions through dynamic scoring that high end and corporate cuts will.

 

*better, make it $2500 but subject to income tax. Low end people wouldn't pay any more income tax but it would also count against ITC, food stamp schedules etc. so quite a lot of money would be saved there.

 

It is just that easy. Really is actually, if you cut through the crap.

AllenJwi
Senior Contributor

Re: UBI made simple

Talking to yourself again?

r3020
Senior Advisor

Re: How's about this

There's no time to talk about tax cuts, border security, national security, or health care. Too busy with impeachment. First order of business for the establishment is to overthrow the election results.

bruce MN
Advisor

Who is trying to overturn or reverse the election?

Oh, I suppose a few whacked out liberal or Hillary worshipping bloggers are. 

 

You aren’t trying to say that the Special Prosecutor investigation or any of the Congressional panels are, are you, that it is an objective to reverse the election?

 

If the Presidency should somehow be vacated the VP would move up. There is no provision for the 2nd place vote getter to be considered. 

 

Canuck_2
Senior Contributor

Re: Who is trying to overturn or reverse the election?

Of course you have to remember that the one that was in second place of popular vote is in office now.

r3020
Senior Advisor

Re: Who is trying to overturn or reverse the election?

Hillary stole the primary. She should not have been on the ballot.

r3020
Senior Advisor

Re: Who is trying to overturn or reverse the election?

Whacked out is right. But main stream dem politicians. The election has to be overthrown.

 

snip-

Rep. Luis Gutierrez said Tuesday that he was working with others in Congress to draft articles of impeachment to remove President Donald Trump from office.

Speaking at the City Club of Chicago Tuesday morning, the Near Northwest Side Democrat said he was working with other members of the House Judiciary Committee to draft the impeachment articles and introduce them before Thanksgiving, according to Doug Rivlin, a spokesman for the congressman.

 

https://chicago.suntimes.com/news/gutierrez-articles-of-impeachment-against-trump-before-thanksgivin...