Under New Plan- 85% of Americans Will take Standard IRS Deduction

The debt can't go down until we have a balanced budget first. Heck, they can't even write a budget without deficit spending.

The new tax bill doesn't affect me so I won't comment on that other than to say non-deductible state and local taxes are not going to save us.
yeah the tax "reform" just adds to the debt, and they'll increase defense spending even while cutting spending for terrorism defense.

I'm sure there are plenty of places to cut waste, but then it's political battle. We don't need bureaucracies. We don't need to be funding the arts, NPR, Planned Parenthood or PBS. There is no reason one out of every eight Americans need to be fed by the federal taxpayers.
I'm not arguing, but to address deficits, they gotta address soc sec, medicare AND defense. And Trump is not going there. Say what you will about Obama, but he was willing to address all three. So was Mitt, or at least the first two.

Oh please. Under DumBama, he took our debt from 10 trillion to 20 trillion in eight years. He had no intent on lowering the debt or deficit.

If people want to keep SS and Medicare, we have to fund the programs simple as that. When was the last time they increased deductions for either? I don't know either, but what I do know is that no bank stays open for very long when people deposit $500.00 checks and withdraw $600.00. While medical costs have skyrocketed, we have not funded those increased costs.
why is it that Social Security is always threatened with bankruptcy but Welfare never is?
Social Security is paid for from the checks of those who draw from it over their life times. Welfare should be a government assistance job where they go to work at a job to get payments. 4 hrs of work to help cities and counties and 4 hours to go looking for a job. no free ride!
 
yeah the tax "reform" just adds to the debt, and they'll increase defense spending even while cutting spending for terrorism defense.

I'm sure there are plenty of places to cut waste, but then it's political battle. We don't need bureaucracies. We don't need to be funding the arts, NPR, Planned Parenthood or PBS. There is no reason one out of every eight Americans need to be fed by the federal taxpayers.
I'm not arguing, but to address deficits, they gotta address soc sec, medicare AND defense. And Trump is not going there. Say what you will about Obama, but he was willing to address all three. So was Mitt, or at least the first two.

Oh please. Under DumBama, he took our debt from 10 trillion to 20 trillion in eight years. He had no intent on lowering the debt or deficit.

If people want to keep SS and Medicare, we have to fund the programs simple as that. When was the last time they increased deductions for either? I don't know either, but what I do know is that no bank stays open for very long when people deposit $500.00 checks and withdraw $600.00. While medical costs have skyrocketed, we have not funded those increased costs.

Well they sorta funded it by the associated tax of BOcare.

If anything, Commie Care took money out of Medicare.
780 billion to be exact..
 
so quit whining about your state and property tax being excluded from approved write-offs. States like Ca, NY etc, with high state taxes to pay for their liberal wasteful programs, can have at it. But the continued federal deduction for these policies should and likely will be eliminated

Smart policy is Mr Tumps tax plan

-Geaux
You keep hearing the left say that people need to pay their fair share, so the debt will go down, why should high taxed liberal states get to deduct their state and city taxes, just because of how high they are?

The debt can't go down until we have a balanced budget first. Heck, they can't even write a budget without deficit spending.

The new tax bill doesn't affect me so I won't comment on that other than to say non-deductible state and local taxes are not going to save us.

How are you going to balance a budget based on anticipated expenses?
How can you balance the budget when liberals who find a surplus in tax revenues, create new welfare programs to spend that surplus?
 
so quit whining about your state and property tax being excluded from approved write-offs. States like Ca, NY etc, with high state taxes to pay for their liberal wasteful programs, can have at it. But the continued federal deduction for these policies should and likely will be eliminated

Smart policy is Mr Tumps tax plan

-Geaux
You keep hearing the left say that people need to pay their fair share, so the debt will go down, why should high taxed liberal states get to deduct their state and city taxes, just because of how high they are?

The debt can't go down until we have a balanced budget first. Heck, they can't even write a budget without deficit spending.

The new tax bill doesn't affect me so I won't comment on that other than to say non-deductible state and local taxes are not going to save us.

How are you going to balance a budget based on anticipated expenses?
How can you balance the budget when liberals who find a surplus in tax revenues, create new welfare programs to spend that surplus?
Hand outs are how democrats get elected... take away that ability to give them and you end democrats reign of terror. We have spending problem not a revenue problem. we have to be smarter in how we use helping programs... no free rides...
 
so quit whining about your state and property tax being excluded from approved write-offs. States like Ca, NY etc, with high state taxes to pay for their liberal wasteful programs, can have at it. But the continued federal deduction for these policies should and likely will be eliminated

Smart policy is Mr Tumps tax plan

-Geaux

Currently 65%+/- American taxpayers don't qualify for itemized deductions because they don't make enough money and Trump wants to raise that to 85%?

Because their exemptions exceed the 12.5K standard deduction. Once the SD is doubled, it will benefit 20% more Americans. That is why this is a great plan for middle class.

-Geaux

Not if you have a large family. If your family has 4 or more people then the new standard deduction will be less than the old standard deduction and personal exemptions.

meh, someone has to be in the minority. Can't benefit everyone

-Geaux
 
so quit whining about your state and property tax being excluded from approved write-offs. States like Ca, NY etc, with high state taxes to pay for their liberal wasteful programs, can have at it. But the continued federal deduction for these policies should and likely will be eliminated

Smart policy is Mr Tumps tax plan

-Geaux
You keep hearing the left say that people need to pay their fair share, so the debt will go down, why should high taxed liberal states get to deduct their state and city taxes, just because of how high they are?

Anyone from any State that pays State and local/city tax can deduct it from their federal return.


Shouldn't be! No way should you be able to deduct state and local taxes from your federal income tax. Are you telling me that states who finance themselves with MORE sales taxes that their citizens get screwed!

PAY YOUR FAIR SHARE! Just because someone decides to live in a dtate that hoses its people in State income tax, doesn't mean they should NOT be paying less into the fed.

Again------>if you are rich enough to live in a high taxing authority, do NOT bitch! Pay YOUR FAIR SHARE-)

You pay the property taxes you pay whether you can deduct them or not. What this deduction does is allow those high tax blue states to get off the books welfare from Uncle Sam. By being able to cut your federal taxes by say a grand, the state can then raise theirs by a grand and leave you in the same spot.

That is why it benefits Americans to live in a no state income tax state, property tax not-withstanding

-Geaux
 
Under New Plan- 85% of Americans Will take Standard IRS Deduction

Smart policy is Mr Tumps tax plan

-Geaux
Not really, only 30% itemized their deductions in 2016 and every number Tramp gives is always at lease grossly exaggerated if not an out and out lie.

And under this beneficial plan for middle income folks, only 15% will file Schedule A

Excellent plan

-Geaux
 
That’s true, but it misses Geaux’s point. People who pay larger state taxes get a bigger federal deduction. The deduction is not uniform between the states, because state tax rates are not uniform.
Even so, they will STILL be double taxed under Tramp. They will be taxed on the money they already paid in state and local taxes.

And that has been taken into consideration by doubling the standard deduction.

-Geaux
 
so quit whining about your state and property tax being excluded from approved write-offs. States like Ca, NY etc, with high state taxes to pay for their liberal wasteful programs, can have at it. But the continued federal deduction for these policies should and likely will be eliminated

Smart policy is Mr Tumps tax plan

-Geaux
You keep hearing the left say that people need to pay their fair share, so the debt will go down, why should high taxed liberal states get to deduct their state and city taxes, just because of how high they are?

Anyone from any State that pays State and local/city tax can deduct it from their federal return.


Shouldn't be! No way should you be able to deduct state and local taxes from your federal income tax. Are you telling me that states who finance themselves with MORE sales taxes that their citizens get screwed!

PAY YOUR FAIR SHARE! Just because someone decides to live in a dtate that hoses its people in State income tax, doesn't mean they should NOT be paying less into the fed.

Again------>if you are rich enough to live in a high taxing authority, do NOT bitch! Pay YOUR FAIR SHARE-)

You pay the property taxes you pay whether you can deduct them or not. What this deduction does is allow those high tax blue states to get off the books welfare from Uncle Sam. By being able to cut your federal taxes by say a grand, the state can then raise theirs by a grand and leave you in the same spot.

That is why it benefits Americans to live in a no state income tax state, property tax not-withstanding

-Geaux
I am moving from VA a high tax state to FL a no tax state. I will end up with a $10,000 pay increase...
 
You keep hearing the left say that people need to pay their fair share, so the debt will go down, why should high taxed liberal states get to deduct their state and city taxes, just because of how high they are?

Anyone from any State that pays State and local/city tax can deduct it from their federal return.


Shouldn't be! No way should you be able to deduct state and local taxes from your federal income tax. Are you telling me that states who finance themselves with MORE sales taxes that their citizens get screwed!

PAY YOUR FAIR SHARE! Just because someone decides to live in a dtate that hoses its people in State income tax, doesn't mean they should NOT be paying less into the fed.

Again------>if you are rich enough to live in a high taxing authority, do NOT bitch! Pay YOUR FAIR SHARE-)

You pay the property taxes you pay whether you can deduct them or not. What this deduction does is allow those high tax blue states to get off the books welfare from Uncle Sam. By being able to cut your federal taxes by say a grand, the state can then raise theirs by a grand and leave you in the same spot.

That is why it benefits Americans to live in a no state income tax state, property tax not-withstanding

-Geaux
I am moving from VA a high tax state to FL a no tax state. I will end up with a $10,000 pay increase...

I did that 16 months ago. Took my pension from a high tax state of Commiefornia, and rolled down to Tennessee. Essentially, I moved back to America

-Geaux
 
Something strange about the Trump tax plan

Only the middle class are expected to "give back" tax deductions

Eliminate state tax deduction, eliminate personal exemptions, end 401ks as we know them

Most of the existing tax code is comprised of exemptions for the wealthy....yet they don't seem to be the ones being eliminated
 
Something strange about the Trump tax plan

Only the middle class are expected to "give back" tax deductions

Eliminate state tax deduction, eliminate personal exemptions, end 401ks as we know them

Most of the existing tax code is comprised of exemptions for the wealthy....yet they don't seem to be the ones being eliminated

- Its a small majority who give up some deductions
- Quit worrying about someone who has more money than you. Were you ever taught to not try and keep up with the Jones'?
- The 401K thing is non-sense. ROTH IRA's are very popular. Pay the tex now, which unarguably, is less than it will be in the out years when the monies are withdrawn

-Geaux
 
so quit whining about your state and property tax being excluded from approved write-offs. States like Ca, NY etc, with high state taxes to pay for their liberal wasteful programs, can have at it. But the continued federal deduction for these policies should and likely will be eliminated

Smart policy is Mr Tumps tax plan

-Geaux


yup it is time to end spending on wasteful and often dangerous ideas
 
It is wrong to force people to pay taxes on taxes. One of the reasons that they pay higher taxes is because they have higher per capita incomes. They should not be eliminated.

Who pays taxes on taxes?


You are disingenuous. The left do NOT call them taxes, they call them INVESTMENTS. Being as that you are a 1%, you should be excited to have MORE investments!

Answer the question; Who pays taxes on taxes?


Good question, to bad I have an answer-)

Do you drink beer or any kind of alcohol? Do you smoke cigarettes? Do you use toilet paper-)

WELL, if you use any of these products, and a HOST of others, the government TAXES it significantly as a SIN tax, or as a NOT REQUIRED product. (yes, even toilet paper has a BUILT IN TAX) So when you go to the store and buy these products, YOU are paying a TAX on a TAX! That is correct Mr One Percenter, YOU ARE paying a tax on a tax.

And then, let us all NOT forget all those products and commodities our lobbyists have our government putting a TARIFF on. What is a TARIFF? It is a tax! And when the product or commodity is sold to us, does the price go up because of the TARIFF? Why yes it does! *and don't give me some hocus-pocus it doesn't. Nobody here is dumb enough to believe that someone lobbied to have a tariff so as their products could compete with them, and the price didn't go up, lolol.......and if you are honestly a ONE PERCENTER, you already know this) So therefore, price goes UP, then you pay sales tax, ergo.......you are paying a TAX on a TAX.

I have made my point, so shall rest my case-)
 
so quit whining about your state and property tax being excluded from approved write-offs. States like Ca, NY etc, with high state taxes to pay for their liberal wasteful programs, can have at it. But the continued federal deduction for these policies should and likely will be eliminated

Smart policy is Mr Tumps tax plan

-Geaux
You keep hearing the left say that people need to pay their fair share, so the debt will go down, why should high taxed liberal states get to deduct their state and city taxes, just because of how high they are?

Anyone from any State that pays State and local/city tax can deduct it from their federal return.
That’s true, but it misses Geaux’s point. People who pay larger state taxes get a bigger federal deduction. The deduction is not uniform between the states, because state tax rates are not uniform.

People who itemize get a bigger federal deduction. What's the point?
 
You keep hearing the left say that people need to pay their fair share, so the debt will go down, why should high taxed liberal states get to deduct their state and city taxes, just because of how high they are?

The debt can't go down until we have a balanced budget first. Heck, they can't even write a budget without deficit spending.

The new tax bill doesn't affect me so I won't comment on that other than to say non-deductible state and local taxes are not going to save us.
yeah the tax "reform" just adds to the debt, and they'll increase defense spending even while cutting spending for terrorism defense.

I'm sure there are plenty of places to cut waste, but then it's political battle. We don't need bureaucracies. We don't need to be funding the arts, NPR, Planned Parenthood or PBS. There is no reason one out of every eight Americans need to be fed by the federal taxpayers.

What about K-12 education?

That’s is a State issue, or at least should be.

But it's not so that what you have to work with. BTW, answering a pointed question with an opinion isn't an answer.
 
What about K-12 education?

That's locally funded for the most part.

Please list which States that receive no federal funds for K-12 education.

I don't have time to look up all that, and I'm sure there are some schools who do receive federal aid.......perhaps lower income areas, but I know where over half of my property taxes go to.

ALL taxed based services receive federal funds.

No, not all, and only for federal funding like school vouchers or free and discounted lunch.

Please list which States that receive no federal funds for K-12 education.
 

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