How will Trump’s tax INCREASE affect you?

[Chef Jim]

42 minutes ago, BillStime said:

Now do abortion

 

thanks 

Abortion won’t affect me.  🤷🏻‍♂️

[BillStime]

 

[Chef Jim]

6 minutes ago, BillStime said:

 

Why are you against having our biggest entitlement programs brought up for review every 5 years?   Private firms review their plans at least annually if not quarterly.  Government sunsets things all the time. For instance the Trump tax cuts are set to sunset in 2026 which will raise EVERYONE’s taxes. 

 

And why are they lying about “scrapping” SS and Medicare?  Why lie to make a point. This is getting ridiculous Bill. 

[BillStime]

 

[SoCal Deek]

41 minutes ago, BillStime said:

 

1984????….and yet neither the world nor democracy came to an end. Thanks for proving the point. Classic! 😂😂😂

[B-Man]

How will the NEW GOP tax INCREASE affect you?

 

it won’t.

 

there isn’t any. 
 

that’s why the flailing, desperate OP has to go back 40 years. (and lie)  😂

 

 

 

[Chef Jim]

37 minutes ago, B-Man said:

How will the NEW GOP tax INCREASE affect you?

 

it won’t.

 

there isn’t any. 
 

that’s why the flailing, desperate OP has to go back 40 years. (and lie)  😂

 

 

 

Wait for it. Trump’s tax cuts will sunset in 2026.  That’s the only way they could get the Dems to go along.  If the GOP have the House/Senate/WH then the left will blame the GOP.  Mark my words. 

[BillStime]

Here you go folks

 

 

[Chef Jim]

9 minutes ago, BillStime said:

Here you go folks

 

 

You do realize Trump lowered ALL tax brackets right?  🙄

 

 

[Doc]

3 minutes ago, Chef Jim said:

You do realize Trump lowered ALL tax brackets right?  🙄

 

No.  They hear the Dem talking points and don't bother to get the real story.

[BillStime]

3 minutes ago, Doc said:

 

No.  They hear the Dem talking points and don't bother to get the real story.

oh shut it already

 

On 2/13/2022 at 9:56 AM, Doc said:

This is what will end up being worse than Watergate.

 

idiots 

 

[Chef Jim]

13 minutes ago, BillStime said:

oh shut it already

 

 

idiots 

 

Hate example #13

 

Why so mad?  Are you upset you got called out on the tax cuts for the rich BS.  
 

 

[Doc]

18 minutes ago, Chef Jim said:

Hate example #13

 

Why so mad?  Are you upset you got called out on the tax cuts for the rich BS.  

Obviously.  And I love that he keeps quoting the “Watergate” thing…considering it was me mocking them. 

[BillStime]

14 minutes ago, Doc said:

Obviously.  And I love that he keeps quoting the “Watergate” thing…considering it was me mocking them. 

On the first page of the thread… and now qDoc is changing his tune?

 

JFC

 

And @Chef Jim - yes tax brackets were adjusted for all but benefited the the wealthy the most as Trump intended… And it’s funny how those corporate tax cut are permanent - and nothing tricked down.

 

Why else was Conald promising and always failing to deliver that middle class tax cut?

 

Idiots 

[BillStime]

 

[Chef Jim]

1 minute ago, BillStime said:

On the first page of the thread… and now qDoc is changing his tune?

 

JFC

 

And @Chef Jim - yes tax brackets were adjusted for all but benefited the the wealthy the most as Trump intended… And it’s funny how those corporate tax cut are permanent - and nothing tricked down.

 

Why else was Conald promising and always failing to deliver that middle class tax cut?

 

Idiots 

Yup. Just like clockwork. How did I know you were going to say that the bracket adjustments would benefit the wealthy more. 
 

Let’s take a look at the math.  The highest bracket went from 39.6% to 37% a reduction of 6.6% while the second to lowest bracket went from 15% to 12% a reduction of 20%.  Yes the 10% bracket remained unchanged but those were for people making less than $10k single and $20k married filing jointly so not many people fall in that bracket. And with the standard deduction their income goes to $0 so their effective rate is 0% 
 

Billy stop reading the Twit for Brains post and look at reality. 

[BillStime]

10 minutes ago, Chef Jim said:

Yup. Just like clockwork. How did I know you were going to say that the bracket adjustments would benefit the wealthy more. 
 

Let’s take a look at the math.  The highest bracket went from 39.6% to 37% a reduction of 6.6% while the second to lowest bracket went from 15% to 12% a reduction of 20%.  Yes the 10% bracket remained unchanged but those were for people making less than $10k single and $20k married filing jointly so not many people fall in that bracket. And with the standard deduction their income goes to $0 so their effective rate is 0% 
 

Billy stop reading the Twit for Brains post and look at reality. 

Becuase the tax cuts DID benefit the wealthy and corporate America MOST.

 

And Jim - you live in California - the Trump tax scam hammered you and New Yorkers most. You are no longer able to deduct interest on your mortgage, or deduct your state and local sales and income taxes.

 

So funny watching idiots vote against their interests. Wait until they come for your Social Security, Jim. How old are you again?  

 

And guess what?

 

We clearly couldn’t afford those tax cuts could we… a month into a pandemic Trump was doling out trillions to his friends with forgivable loans. 

 

IRS Files Reveal How Much the Ultrawealthy Gained by Shaping Trump’s “Big, Beautiful Tax Cut”

 

https://www.propublica.org/article/secret-irs-files-reveal-how-much-the-ultrawealthy-gained-by-shaping-trumps-big-beautiful-tax-cut/amp

 

Idiots 

[Chef Jim]

4 minutes ago, BillStime said:

Becuase the tax cuts DID benefit the wealthy and corporate America MOST.

 

And Jim - you live in California - the Trump tax scam hammered you and New Yorkers most. You are no longer able to deduct interest on your mortgage, or deduct your state and local sales and income taxes.

 

So funny watching idiots vote against their interests. Wait until they come for your Social Security, Jim. How old are you again?  

 

And guess what?

 

We clearly couldn’t afford those tax cuts could we… a month into a pandemic Trump was doling out trillions to his friends with forgivable loans. 

 

IRS Files Reveal How Much the Ultrawealthy Gained by Shaping Trump’s “Big, Beautiful Tax Cut”

 

https://www.propublica.org/article/secret-irs-files-reveal-how-much-the-ultrawealthy-gained-by-shaping-trumps-big-beautiful-tax-cut/amp

 

Idiots 

Hey Billy.  You don’t know much about me. I can no longer deduct my mortgage interest.  You know why?  I don’t have one.  And I’m 61 so no one is touching my SS.  No one has even discussed taking it way.  
 

Doling out trillions in loans to his friends?  Trillions??  Try $800b.  Those loans, by some estimates, saved 3,000,000 jobs.  Some say even more.  I guess you don’t remember how many businesses were shut down during the pandemic.  Was there abuse?  Hell yeah. Government programs are always abused because the government sucks at checks and balances.  But to bag in the program outright is pure political hackery on your part.  It was needed and saves a ton of businesses. 
 

And nice dodge about the tax brackets.  You were 100% wrong when you said the changes in the tax brackets benefited the wealthy the most.  Seeing I pointed that out can you put your big boy pants on and admit you were wrong?

[BillStime]

4 minutes ago, Chef Jim said:

Hey Billy.  You don’t know much about me. I can no longer deduct my mortgage interest.  You know why?  I don’t have one.  And I’m 61 so no one is touching my SS.  No one has even discussed taking it way.  
 

Doling out trillions in loans to his friends?  Trillions??  Try $800b.  Those loans, by some estimates, saved 3,000,000 jobs.  Some say even more.  I guess you don’t remember how many businesses were shut down during the pandemic.  Was there abuse?  Hell yeah. Government programs are always abused because the government sucks at checks and balances.  But to bag in the program outright is pure political hackery on your part.  It was needed and saves a ton of businesses. 
 

And nice dodge about the tax brackets.  You were 100% wrong when you said the changes in the tax brackets benefited the wealthy the most.  Seeing I pointed that out can you put your big boy pants on and admit you were wrong?

No one discussing taking away your SS except for Mike Lee, Rick Scott and republicans in Congress.

 

And when the GQP shuts down the government due to the debt limit what will they do w SS?

 

Im gonna laugh my a$$ off AT YOU when it happens. You just wait.

 

Regarding PPP - back up those stats - go do some busy work Jimmy. And while you’re finding out how many jobs were saved - look into how much of the PPP the Trump administration conveniently lost track of…

And yes - the Trump tax scam benefited the rich - ie. not you.

[Chef Jim]

1 minute ago, BillStime said:

No one discussing taking away your SS except for Mike Lee, Rick Scott and republicans in Congress.

 

And when the GQP shuts down the government due to the debt limit what will they do w SS?

 

Im gonna laugh my a$$ off AT YOU when it happens. You just wait.

 

Regarding PPP - back up those stats - go do some busy work Jimmy. And while you’re finding out how many jobs were saved - look into how much of the PPP the Trump administration conveniently lost track of…

And yes - the Trump tax scam benefited the rich - ie. not you.

Only a small person can’t admit when they were wrong.  Admit it…you were wrong about the tax brackets.  Be a man. 
 

There are plenty of resources that show the amount of the PPP loans but let’s go with that Uber right leaning NPR. 
 

https://www.npr.org/2022/10/12/1128207464/ppp-loans-loan-forgiveness-small-business

 

Quote

As COVID-19 shutdowns threatened businesses back in 2020, the U.S. government began issuing nearly $800 billion in potentially forgivable Paycheck Protection Program loans. The program was designed to help small businesses keep workers employed during the uncertain early days of the pandemic.

Now if you can show me a credible site that shows it was TRILLIONS I’ll admit I was wrong. Again the government lost track because the massive bureaucratic machine sucks with our money.  Left/Right/Center.  
 

Well I will not be losing my SS but even if I do not sure why you’ll laugh your ass off. I’ll be just fine. I have plenty to live off of without it.  And again no one is talking about taking it away.  As they have said “if it’s worth keeping Congress will find a way to keep it”.  And it’s worth keeping.  
 

And finally the Trump tax cuts benefited me.