McCarthy Plans To Cut Debt By Gutting Funds For Veterans

[ALF]

15 hours ago, Over 29 years of fanhood said:

Have you never found it odd that he vehemently supports democrats, funds them while he gripes about his lack of taxation, then when they win he still has these tax loopholes?? Do you think he is forced to exploit the loopholes? Do you think he’s buying these Democrats because he hopes they tax him more? 😂 

Warren Buffett :

First, my pledge: More than 99% of my wealth will go to philanthropy during my lifetime or at death.

https://givingpledge.org/pledger?pledgerId=177#:~:text=First%2C my pledge%3A More than,my lifetime or at death.

Edited May 18, 2023 by ALF

[Over 29 years of fanhood]

48 minutes ago, ALF said:

Warren Buffett :

First, my pledge: More than 99% of my wealth will go to philanthropy during my lifetime or at death.

https://givingpledge.org/pledger?pledgerId=177#:~:text=First%2C my pledge%3A More than,my lifetime or at death.

exactly charity of his choosing. Like all these wealthy frauds speaking from both sides of their mouth, they could pay more taxes or stop avoiding taxes. 

key highlights; 

1) buffet makes his money from investment income, the dems buffet rule didn’t attack investment income. (This whole schtick is a lie) 

2) irs tables don’t substantiate that a 60k income gets taxed at 30 percent. Also a lie

 

 I don’t love the source but the presentation is compelling. 

 

https://www.glennbeck.com/content/blog/stu/eleve-ways-warren-buffett-is-lying-about-warren-buffett/

 

so to recap, these guys donate millions to politicians who get in power talking about how wealthy people need to pay more taxes. Their people win, tax code changes, then they continue not paying more taxes. 
 

how can you not see this pattern. 

[Tiberius]

20 minutes ago, Over 29 years of fanhood said:

exactly charity of his choosing. Like all these wealthy frauds speaking from both sides of their mouth, they could pay more taxes or stop avoiding taxes. 

key highlights; 

1) buffet makes his money from investment income, the dems buffet rule didn’t attack investment income. (This whole schtick is a lie) 

2) irs tables don’t substantiate that a 60k income gets taxed at 30 percent. Also a lie

 

 I don’t love the source but the presentation is compelling. 

 

https://www.glennbeck.com/content/blog/stu/eleve-ways-warren-buffett-is-lying-about-warren-buffett/

 

so to recap, these guys donate millions to politicians who get in power talking about how wealthy people need to pay more taxes. Their people win, tax code changes, then they continue not paying more taxes. 
 

how can you not see this pattern. 

At least he doesn't want programs that help people cut. 

[Over 29 years of fanhood]

27 minutes ago, Tiberius said:

At least he doesn't want programs that help people cut. 

 

2 minutes ago, SUNY_amherst said:

Remember when Republicans threw a party at the Rose Garden because they gave some tax cuts to rich folks

 

coming back to hurt us now

Why don’t you pay more taxes? You don’t have to pay the minimum. 

[Tommy Callahan]

17 minutes ago, Over 29 years of fanhood said:

 

Why don’t you pay more taxes? You don’t have to pay the minimum. 

LOL, you must have struck a nerve.  

 

Last I knew the 2017 cuts were across the board and would have even lowered his.

 

 

Edited May 18, 2023 by Chris farley

[SoCal Deek]

25 minutes ago, SUNY_amherst said:

 

why dont you STFU. you have no idea how much I pay in taxes

With all due respect, I think you missed the point of the response. Think about it. Why haven’t we gotten to the point where if you’re a big fan of a centralized Washington power base that supporters would willingly donate more than the minimum to it? Why isn’t it like any other private charity that people donate to. I believe it’s time to change the national conversation on taxation. 

[SoCal Deek]

Just now, SUNY_amherst said:

I didn’t miss his point, he posted the same thing over and over.
 

It’s just a stupid point, everyone that posts here could give our entire salaries to the government and it would still be $31 TRILLION in debt

Thanks…but that doesn’t change what I said. The question is why don’t people give more than the minimum? If the government wants to get into the charity business, handing out money to people in need, then shouldn’t certain taxpayers want to give them more of their money to do so? It’s all a write off. 

[BillStime]

1 hour ago, Over 29 years of fanhood said:

 

Why don’t you pay more taxes? You don’t have to pay the minimum. 

Then don’t B about the deficit bro 

[Over 29 years of fanhood]

21 minutes ago, SUNY_amherst said:

I didn’t miss his point, he posted the same thing over and over.
 

It’s just a stupid point, everyone that posts here could give our entire salaries to the government and it would still be $31 TRILLION in debt

you miss the point. The government steals and spends too much money, very wastefully and mostly at the expense of the group between 50% > 98%.  Below it are getting a free ride and paid off for their votes, the ones above are the super elites with the cynical grin saying ‘oh please tax me more’ meanwhile avoiding with all the loopholes their corrupt political buddies created. 

so my point is this, if you support the federal government spending more and think taxes are too low, man up, pay your 30% and stop voting for people who want to lift SALT caps which is tax avoidance for wealthy homeowners. 
 

the debt ceiling is just a political tool. It might as well be 100 trillion once our currency becomes worthless because of these corrupt idiots in charge. 
 

my position is not about the debt ceiling, but the McCarthy deal as I i understand it, is to lock the fed budget at 2022 levels and cap the annual increase. And a government with capped spending is less likely to try and steal more of my income. 
 

mid your are in favor of them stealing more of my income, then you should certainly be ok providing more of your own. 

[SoCal Deek]

28 minutes ago, SUNY_amherst said:

uhh what? The discussion was surrounding policies related to tax cuts, not hand outs

 

donald trump paid practically nothing for years, he hasn’t done shite for charity by the way. And then hosted a party at the rose garden when he gave his rich friends more tax cuts 

 

and now we wonder why the balance sheet is off in the red 

 

You seem desperate to avoid the point. Donald Trump payed exactly what the law said he was supposed to pay. As did his ‘wealthy friends’ and as do almost every single American taxpayer. Trump didn’t write the tax code. Heck, he wasn’t even in government when you seem to be claiming thathe wasn’t paying the appropriate amount. 
 

So the question remains….if you support the seemingly forever expanding role of the federal government, why don’t you donate more than the prescribed minimum to the cause? Hmmm? 

[All_Pro_Bills]

10 minutes ago, SoCal Deek said:

You seem desperate to avoid the point. Donald Trump payed exactly what the law said he was supposed to pay. As did his ‘wealthy friends’ and as do almost every single American taxpayer. Trump didn’t write the tax code. Heck, he wasn’t even in government when you seem to be claiming thathe wasn’t paying the appropriate amount. 
 

So the question remains….if you support the seemingly forever expanding role of the federal government, why don’t you donate more than the prescribed minimum to the cause? Hmmm? 

Yes!  There are no "loopholes".  They're exclusions and exceptions typically written into the tax code for the purpose of providing specific interests more favorable tax treatment than that applied to other tax filers. 

 

Big hedge fund donors get special "carried interest" treatment. 

Business gets depreciation, amortization, and depletion treatment for equipment and assets. 

Individuals and joint filers with children get credits and deductions along with preferential tax treatment on certain expenses.  

Home owners get to deduct points and interest on mortgages.

EV buyers (mostly high income individuals that don't really "need" it, I might add) can qualify for $7,500 tax credit for buying an electric vehicle.

And so on.  

 

 

Edited May 18, 2023 by All_Pro_Bills

[Precision]

4 minutes ago, All_Pro_Bills said:

Yes!  There are no "loopholes".  They're exclusions and exceptions typically written into the tax code for the purpose of providing specific interests more favorable tax treatment than that applied to other tax filers. 

 

Big hedge fund donors get special "carried interest" treatment. 

Business gets depreciation, amortization, and depletion treatment for equipment and assets. 

Individuals and joint filers with children get credits and deductions along with preferential tax treatment on certain expenses.  

Home owners get to deduct points and interest on mortgages.

EV buyers (mostly high income individuals that don't really "need" it, I might add) can qualify for $7,500 tax credit for buying an electric vehicle.

And so on.  

 

 

A lot of people watch MSM and see a headline that someone rich paid little in taxes for a particular year.  Due to incomplete/misleading reporting and the stupidity of the viewers they infer that everyone rich doesn't pay their fair share in taxes.    

 

The truth is the top 10% of earners pay 74% of federal taxes.

[SoCal Deek]

18 minutes ago, All_Pro_Bills said:

Yes!  There are no "loopholes".  They're exclusions and exceptions typically written into the tax code for the purpose of providing specific interests more favorable tax treatment than that applied to other tax filers. 

 

Big hedge fund donors get special "carried interest" treatment. 

Business gets depreciation, amortization, and depletion treatment for equipment and assets. 

Individuals and joint filers with children get credits and deductions along with preferential tax treatment on certain expenses.  

Home owners get to deduct points and interest on mortgages.

EV buyers (mostly high income individuals that don't really "need" it, I might add) can qualify for $7,500 tax credit for buying an electric vehicle.

And so on.  

 

 

Correct. Virtually every American gets some sort of a tax break. That’s partly why so many get a refund. In essence they are given a break for something they did, paid for, or donated. But people don’t want to look at the breaks they themselves get. They only want to point figures at the ‘breaks’ that other people get. 
 

My point still remains. Why aren’t we having a national conversation about paying more than the minimum? For example, in California right now they’re debating the topic of reparations. But the Governor has explained that the State doesn’t have the money in the budget. So why not set up a special fund where so-inclined citizens can freely donate to this cause? Seems like it would be a nice thing…no? 

Edited May 18, 2023 by SoCal Deek

[Over 29 years of fanhood]

27 minutes ago, SoCal Deek said:

You seem desperate to avoid the point. Donald Trump payed exactly what the law said he was supposed to pay. As did his ‘wealthy friends’ and as do almost every single American taxpayer. Trump didn’t write the tax code. Heck, he wasn’t even in government when you seem to be claiming thathe wasn’t paying the appropriate amount. 
 

So the question remains….if you support the seemingly forever expanding role of the federal government, why don’t you donate more than the prescribed minimum to the cause? Hmmm? 

I’ve never met a democrat who thinks taxes should be raised that don’t actually mean ‘taxes should be raised on everyone else, but not me’. 
 

I’ve also never met a democrat who thinks taxes should be raised, that themselves don’t do everything they can to limit their tax burden and payment. 

I’ve met plenty who are more than generous donating more of other peoples money to the government 

[SoCal Deek]

2 minutes ago, Over 29 years of fanhood said:

I’ve never met a democrat who thinks taxes should be raised that don’t actually mean ‘taxes should be raised on everyone else, but not me’. 
 

I’ve also never met a democrat who thinks taxes should be raised, that themselves don’t do everything they can to limit their tax burden and payment. 

I’ve met plenty who are more than generous donating more of other peoples money to the government 

Thanks

I say it every tax season. Are TurboTax and HR Block running running all of those advertisements so that people will pay MORE in taxes? They don’t even run ads that claim they’re going to help you be more accurate in your filing. Nope, every single advertisement is about getting you a bigger REFUND! 

[Over 29 years of fanhood]

6 minutes ago, SoCal Deek said:

Thanks

I say it every tax season. Are TurboTax and HR Block running running all of those advertisements so that people will pay MORE in taxes? They don’t even run ads that claim they’re going to help you be more accurate in your filing. Nope, every single advertisement is about getting you a bigger REFUND! 

If you really want to expose democrats’ ideals, suggest that you think only tax payers should be able to vote or their vote should count more, even if they aren’t citizens since they are net contributors to the system nonetheless. 😂

 

xenophobia will ooze from their pores. 

[SoCal Deek]

7 minutes ago, Over 29 years of fanhood said:

If you really want to expose democrats’ ideals, suggest that you think only tax payers should be able to vote or their vote should count more, even if they aren’t citizens since they are net contributors to the system nonetheless. 😂

 

xenophobia will ooze from their pores. 

I’m far less cynical. I’m being completely honest when I say we need a national conversation on this topic. As an example, we no longer have a military draft, and everyone just accepts that some young people are going to voluntarily sign up. Why not have that conversation around taxes? If you feel real strongly about funding a government program then volunteer to pay more into it! We had a Buffalo Bills player go down on the field last season and people immediately rushed to donate to causes he supported. Why is it that we all have to donate to every left wing social cause, even when those causes are most definitely NOT the role of the federal government?

Edited May 18, 2023 by SoCal Deek

[SoCal Deek]

Just now, SUNY_amherst said:

 

well the signature (only) accomplishment from trump's time as president was a significant overhaul of the tax code that gave breaks to rich billionaires like himself.

 

notice he didn't campaign on that, but it was right away the first thing they worked on

 

--

 

Surely there are better options than "hey bro, why don't you pay a little more then huh?" when it comes to discussing policymaking. I think we are smarter than that here

And so let’s go over this again, for some of our posters who were either too young, or asleep, during the Great Recession. President Obama raised the tax rate on the top earners on the principle that the country needed their financial assistance during the recession. With the recession clearly over President Trump simply restored the rate to pre-recession levels…and then gave an additional tax break to EVERYONE else. Sheeessh! 

[SoCal Deek]

4 minutes ago, SUNY_amherst said:

 

yeah, okay, lol

 

 

Facts are nasty things....huh? LOL

[Over 29 years of fanhood]

30 minutes ago, SoCal Deek said:

I’m far less cynical. I’m being completely honest when I say we need a national conversation on this topic. As an example, we no longer have a military draft, and everyone just accepts that some young people are going to voluntarily sign up. Why not have that conversation around taxes? If you feel real strongly about funding a government program then volunteer to pay more into it! We had a Buffalo Bills player go down on the field last season and people immediately rushed to donate to causes he supported. Why is it that we all have to donate to every left wing social cause, even when those causes are most definitely NOT the role of the federal government?

 
Im pretty cynical…  still only a handful of weeks since the annual document submission of the legalized pillaging.

 

love the idea…  how about being able to opt out of SS, have options to buy a private post career Medicare, and have a line item checklist of which government service we wish to donate to or not. And the more dollars we offer the more say we get in what is done with the money.