This page is no longer updated, and is the old forum. For new topics visit the New HOL forum.
Register | Edit Profile | Subscriptions | Forum Rules | Log In
CambridgeEagle Sydenham 21 Dec 17 6.09pm | |
---|---|
Originally posted by Ray in Houston
Here's a better tax calculator, as it puts the old law and new law side by side. [Link] Using this calculator, my taxes are reduced by 1,022 in 2018 as the temporarily reduced personal tax rates outweigh the hit I take from not being able to offset all of my property tax bill. This saving will erode over time as the brackets fail to keep up with inflation and - unlike the corporate tax rate cut - these personal rate reductions sunset over time. Meanwhile, if my health insurance goes up by 10% each year as a result of the Obamacare tweaks, that will cost me 0 extra next year, ,050 extra the following year...and there goes my tax saving. 1,655 additional health insurance premium in the third year and I'm starting to fall into the red overall, from where it will not return. So, by year three, I will be losing money under this bill and my losses will only accelerate over time. This bill is a craven giveaway to the Republican doner class. Individual tax savings are geared such that almost everyone gets something in 2018 - an election year - but any benefits start to disappear rapidly after that until the majority of Americans are paying more taxes while only the top 1% and corporations get any sustained, meaningful savings (and boy are they meaningful).
The tax cut for US Virgin Island hedge fund managers of $600k odd a year is my personal favourite part.
|
|
Alert a moderator to this post |
Penge Eagle Beckenham 21 Dec 17 6.48pm | |
---|---|
Originally posted by CambridgeEagle
The tax cut for US Virgin Island hedge fund managers of 0k odd a year is my personal favourite part. Yeah, the one that fits your anti-Republican agenda. Well obviously the more you earn, the more you save – that's how percentages work! The high earners also pay the most tax overall. In 2014, people earning above $250,000 paid 51.6% of all individual income taxes, even though they accounted for only 2.7% of tax payers. Edited by Penge Eagle (21 Dec 2017 6.49pm)
|
|
Alert a moderator to this post | Board Moderator |
Ray in Houston Houston 21 Dec 17 7.48pm | |
---|---|
Originally posted by Penge Eagle
Yeah, the one that fits your anti-Republican agenda. Well obviously the more you earn, the more you save – that's how percentages work! The high earners also pay the most tax overall. In 2014, people earning above 0,000 paid 51.6% of all individual income taxes, even though they accounted for only 2.7% of tax payers.
But Gary Cohn says that you can buy a new car or remodel your kitchen for a thousand bucks, so go ahead and do that and let me know how you get on. [Link]
We don't do possession; we do defense and attack. Everything else is just wa**ing with a football. |
|
Alert a moderator to this post |
Ray in Houston Houston 21 Dec 17 7.54pm | |
---|---|
Originally posted by CambridgeEagle
I'm pleased that some US citizens can see the tax bill for what it is. The tax cut for US Virgin Island hedge fund managers of 0k odd a year is my personal favourite part.
What's really interesting is that the Governor of PR has vowed to mobilise the "diaspora" of Puerto Ricans on the mainland against any politician who voted for this bill. He reckons he has enough votes to swing districts in 14 states, notably in Florida where displaced Puerto Ricans are settling in large numbers right now. All they need to do is register to vote a their new home address. Trump won Florida by 112,911 votes... Edited by Ray in Houston (21 Dec 2017 8.07pm)
We don't do possession; we do defense and attack. Everything else is just wa**ing with a football. |
|
Alert a moderator to this post |
Stirlingsays 23 Dec 17 7.14am | |
---|---|
Originally posted by wordup
In addition to the examples I gave, just today in fact the Trump administration banned Centers for Disease Control from using the terms “entitlement,” “diversity,” “transgender”, “fetus” "evidence-based” and “science-based” [Link] These are now forbidden words on official documents. I mean this stuff is an attempt to diminish people and even science and really no different or less political than anything from the left like certain words being off limits as 'hate speech'. One group may well cheer the former action and one the latter, but no-one wins as they just meld together to restrict the population as a whole and put all of the power in the hands of those in government. I've looked into this since. It's fake news. The director of the CDC came out and stated that it was inaccurate and there are no banned words. The Washington Post made this inaccurate story and all the left news organizations just reported it like that....because that's what happens in news...they piggy back on what they perceive is a 'trusted' news source and echo the story.....people assume it's from them and falsehoods are spread. Tim Pool covers this news story here starting at 3:10. Fake news comes at us from all directions.....less so from some outlets but it will still happen. The only solution is an imperfect one and is to read widely and take a 'wait and see' attitude to totally trusting something.
'Who are you and how did you get in here? I'm a locksmith. And, I'm a locksmith.' (Leslie Nielsen) |
|
Alert a moderator to this post |
wordup 23 Dec 17 2.40pm | |
---|---|
Originally posted by Stirlingsays
I've looked into this since. It's fake news. The director of the CDC came out and stated that it was inaccurate and there are no banned words. The Washington Post made this inaccurate story and all the left news organizations just reported it like that....because that's what happens in news...they piggy back on what they perceive is a 'trusted' news source and echo the story.....people assume it's from them and falsehoods are spread. Tim Pool covers this news story here starting at 3:10. Fake news comes at us from all directions.....less so from some outlets but it will still happen. The only solution is an imperfect one and is to read widely and take a 'wait and see' attitude to totally trusting something. This CDC statement is partly damage limitation I'd say. Once this leaked, there is going to be a denial of sorts or as close as is possible. The original article suggested they "should avoid using certain words or phrases in official documents being drafted for next year’s budget". Quote I want to assure you there are no banned words at CDC. We will continue to talk about all our important public health programs.
You may be understandably concerned about recent media reports alleging that CDC is banned from using certain words in budget documents. I want to assure you that CDC remains committed to our public health mission as a science- and evidence-based institution. As part of our commitment to provide for the common defense of the country against health threats, science is and will remain the foundation of our work. CDC has a long-standing history of making public health and budget decisions that are based on the best available science and data and for the benefit of all people—and we will continue to do so. Below is the full HHS statement addressing the media reports. "The assertion that HHS has 'banned words' is a complete mischaracterization of discussions regarding the budget formulation process. HHS will continue to use the best scientific evidence available to improve the health of all Americans. HHS also strongly encourages the use of outcome and evidence data in program evaluations and budget decisions.”
This goes on to say that the CDC is committed to science. In a carefully worded manner it goes out of its way not to deny that certain words are avoided. Nothing here denies that certain words were suggested to be avoided in the budget and for good reason, since that did happen. It denies something that wasn't in the original piece and leaves this well alone. But yes, the 'banned' angle that caught on on other sites, may have been a misrepresentation, it depends how much pressure is or was applied. I appreciate that the original article may have been turned into a headline elsewhere which in affect didn't accurately represent the situation. You're right to say that it's easy to get taken in by the headline rather than the reality. It appears that instead the agency may be fearful of using certain words preempting consequences of doing so. The CDC should be free to use any language that accurately reflects their findings without fear of consequence. For months, climate change reference have been cleansed from government websites in the Environmental Protection Agency and the Interior Department department. Other similar pushes regarding language have happened too and so this is not new. Much in the same way, the 'guidance' document, obtained by the washington post, did indeed list specific words as ones to avoid when drafting the budget document including “vulnerable,” “diversity” and “entitlement”. "HHS spokesman Matt Lloyd confirmed that agency officials created the document but said they did not ban any words outright. The document was distributed to budget offices in the department’s operating divisions, including the Centers for Disease Control and Prevention, National Institutes of Health and the Food and Drug Administration, an HHS official said. At a budget meeting last week at the CDC in Atlanta, employees were also told to avoid four additional words and phrases: “fetus,” “transgender,” “evidence-based” and “science-based.” The origin and intention of that verbal direction remains murky. In an email, Lloyd said that “HHS and its agencies have not banned, prohibited or forbidden employees from using certain words.” Instead, Lloyd said, employees have “misconstrued guidelines provided during routine discussions on the annual budget process. It was clearly stated to those involved in the discussions that the science should always drive the narrative.” But an official at another HHS agency who was briefed last week on use of “vulnerable,” “diversity” and “entitlement” said the message was clear. “It was interpreted as ‘you are not to use these words in the budget narrative,’ ” said the official, who spoke on the condition of anonymity to discuss internal agency communications.
Edited by wordup (23 Dec 2017 5.53pm)
|
|
Alert a moderator to this post |
black eagle. south croydon. 23 Dec 17 4.42pm | |
---|---|
I hate Trump.racist buffon.
|
|
Alert a moderator to this post |
Penge Eagle Beckenham 23 Dec 17 5.04pm | |
---|---|
Originally posted by black eagle.
I hate Trump.racist buffon. Thanks for your contribution.
|
|
Alert a moderator to this post | Board Moderator |
CambridgeEagle Sydenham 28 Dec 17 10.55am | |
---|---|
Originally posted by Penge Eagle
Yeah, the one that fits your anti-Republican agenda. Well obviously the more you earn, the more you save – that's how percentages work! The high earners also pay the most tax overall. In 2014, people earning above 0,000 paid 51.6% of all individual income taxes, even though they accounted for only 2.7% of tax payers. Edited by Penge Eagle (21 Dec 2017 6.49pm) That stat only goes to highlight the terrible inequality in the US. It's shocking how unequal the income distribution has become in the States, completely disconnected from the actual contributions and productivity of the individuals within that distribution.
|
|
Alert a moderator to this post |
CambridgeEagle Sydenham 28 Dec 17 11.03am | |
---|---|
This article shows that the narrow classical economic model favored by tax cut proponents demonstrates that the recently well publicised pay bumps announced in the wake of this policy are nothing more than political messaging and not due to the impact of the economics. The reality is only a small gain by companies will end up in the pockets of employees who will lose their meagre tax cuts in a couple of years and end up worse off in the long run. It's Political junk as it's very unpopular but republicans will lie and use their favourite cards of race, guns and religion to try and divert the attention of the electorate come the midterms next year. One interesting point to note is that about one third of the benefit will go to foreign shareholders so Trump is actually giving more away to foreigners than to the vast majority of US citizens. He's a liar and a hypocrite.
|
|
Alert a moderator to this post |
Penge Eagle Beckenham 28 Dec 17 2.22pm | |
---|---|
Originally posted by CambridgeEagle
This article shows that the narrow classical economic model favored by tax cut proponents demonstrates that the recently well publicised pay bumps announced in the wake of this policy are nothing more than political messaging and not due to the impact of the economics. The reality is only a small gain by companies will end up in the pockets of employees who will lose their meagre tax cuts in a couple of years and end up worse off in the long run. It's Political junk as it's very unpopular but republicans will lie and use their favourite cards of race, guns and religion to try and divert the attention of the electorate come the midterms next year. One interesting point to note is that about one third of the benefit will go to foreign shareholders so Trump is actually giving more away to foreigners than to the vast majority of US citizens. He's a liar and a hypocrite. You're a socialist, so you'll never believe in tax cuts – especially for corporations! The fact of the matter is the US economy under Trump is booming DESPITE what all the 'experts' said.
|
|
Alert a moderator to this post | Board Moderator |
Kermit8 Hevon 28 Dec 17 2.35pm | |
---|---|
Originally posted by Penge Eagle
You're a socialist, so you'll never believe in tax cuts – especially for corporations! The fact of the matter is the US economy under Trump is booming DESPITE what all the 'experts' said. You're over-exaggerating his role. The downward trend in joblessness started in 2010 and the growth forecasts that have been fulfilled were projected before he became President.
Big chest and massive boobs |
|
Alert a moderator to this post |
Registration is now on our new message board
To login with your existing username you will need to convert your account over to the new message board.
All images and text on this site are copyright © 1999-2024 The Holmesdale Online, unless otherwise stated.
Web Design by Guntrisoft Ltd.