How's that Obamacare Repeal Working Out For You?
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Re: How's that Obamacare Repeal Working Out For You?
Eliminating state/local/property tax deductions and other itemized deductions will fuck over a lot of the middle class.
I support tax simplification but this does nothing of the sort. Instead it will complicate it more as people who are 1099 will now be forced to turn themselves into an LLC and get into all kinds of creative accounting in order to still take advantage of available deductions
I support tax simplification but this does nothing of the sort. Instead it will complicate it more as people who are 1099 will now be forced to turn themselves into an LLC and get into all kinds of creative accounting in order to still take advantage of available deductions
No man's life, liberty, or property are safe while the legislature is in session
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Re: How's that Obamacare Repeal Working Out For You?
Just wipe the code and start from scratch.California wrote:Eliminating state/local/property tax deductions and other itemized deductions will fuck over a lot of the middle class.
I support tax simplification but this does nothing of the sort. Instead it will complicate it more as people who are 1099 will now be forced to turn themselves into an LLC and get into all kinds of creative accounting in order to still take advantage of available deductions
#NotOneRedCent
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Re: How's that Obamacare Repeal Working Out For You?
Absolutely agree.The Conservative wrote:Just wipe the code and start from scratch.California wrote:Eliminating state/local/property tax deductions and other itemized deductions will fuck over a lot of the middle class.
I support tax simplification but this does nothing of the sort. Instead it will complicate it more as people who are 1099 will now be forced to turn themselves into an LLC and get into all kinds of creative accounting in order to still take advantage of available deductions
Single page flat tax 15% for all.
And if you really had to pander to the Left to get it to pass make it progressive 5%-18% or something
No man's life, liberty, or property are safe while the legislature is in session
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Re: How's that Obamacare Repeal Working Out For You?
Offer 10%, then negotiate to 15% don't go past 20%. Always half what you're expecting, then when they think they are getting the upper hand, you are getting what you wanted in the first place.California wrote:Absolutely agree.The Conservative wrote:Just wipe the code and start from scratch.California wrote:Eliminating state/local/property tax deductions and other itemized deductions will fuck over a lot of the middle class.
I support tax simplification but this does nothing of the sort. Instead it will complicate it more as people who are 1099 will now be forced to turn themselves into an LLC and get into all kinds of creative accounting in order to still take advantage of available deductions
Single page flat tax 15% for all.
And if you really had to pander to the Left to get it to pass make it progressive 5%-18% or something
There are too many things out there that we can do to fix it if we are going to do a progressive tax, it needs to be on corporations of 50+ or larger. Small companies and individuals should be a flat tax.
#NotOneRedCent
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Re: How's that Obamacare Repeal Working Out For You?
Don't know a lot about it but watched Tucker Carlson last night, what I heard. People in Blue States with Expensive homes (million dollar value) are going to get hurt. It was argued this is a rebalancing of the system. Right now people with modest homes basically subsidize those expensive homes.California wrote:Eliminating state/local/property tax deductions and other itemized deductions will fuck over a lot of the middle class.
I support tax simplification but this does nothing of the sort. Instead it will complicate it more as people who are 1099 will now be forced to turn themselves into an LLC and get into all kinds of creative accounting in order to still take advantage of available deductions
Basically it will prevent people from righting off the High Taxes in their State.
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Re: How's that Obamacare Repeal Working Out For You?
I guess that creates some social engineering to vote state politicians out that create high income taxes and other taxes
I’ll admit, while I like the plan on paper I’m opposed because it fucks me multiple ways
I’ll admit, while I like the plan on paper I’m opposed because it fucks me multiple ways
No man's life, liberty, or property are safe while the legislature is in session
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Re: How's that Obamacare Repeal Working Out For You?
Sorry to hear it will hurt you.California wrote:I guess that creates some social engineering to vote state politicians out that create high income taxes and other taxes
I’ll admit, while I like the plan on paper I’m opposed because it fucks me multiple ways
Looks like it will hurt me a little. I guess my point is that why should the Federal Government subsidize people voting for High State Taxes. I Imagine the resident of places like NY and CA are immediately going to have some big calls for the State to reduce State Taxes.
PLATA O PLOMO
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Re: How's that Obamacare Repeal Working Out For You?
While you're correct with the calls to state government aspect, not being able to deduct property and state/local income taxes is insane . You would essentially be using income that has already been taxed to pay those taxesC-Mag wrote:Sorry to hear it will hurt you.California wrote:I guess that creates some social engineering to vote state politicians out that create high income taxes and other taxes
I’ll admit, while I like the plan on paper I’m opposed because it fucks me multiple ways
Looks like it will hurt me a little. I guess my point is that why should the Federal Government subsidize people voting for High State Taxes. I Imagine the resident of places like NY and CA are immediately going to have some big calls for the State to reduce State Taxes.
No man's life, liberty, or property are safe while the legislature is in session
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Re: How's that Obamacare Repeal Working Out For You?
Trying to force lower state taxes... genius.
How is Kansas doing these days? Still shitty?
How is Kansas doing these days? Still shitty?
HAIL!
Her needs America so they won't just take his shit away like in some pussy non gun totting countries can happen.
-Hwen
Her needs America so they won't just take his shit away like in some pussy non gun totting countries can happen.
-Hwen
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Re: How's that Obamacare Repeal Working Out For You?
Hanarchy Montanarchy wrote:Trying to force lower state taxes... genius.
How is Kansas doing these days? Still shitty?
A better question to ask yourself: How's Florida's economy doing these days.\
http://www.tax-rates.org/florida/income-taxQuickFact: The average family pays $0.00 in Florida income taxes.