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Business, Economics & Tax Policy 6.0: Nope, it only found woven strands

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Re: Business, Economics & Tax Policy 6.0: Nope, it only found woven strands

Who knew the Net Nutrality comments were held in Cook County, Illinois.

Dead people were able to post technically detailed support for the repeal of Net Nutrality.

@MackenzieAstin: Hey, @AjitPaiFCC, today my mom would have turned 71. But she didn't. Because she died in March of 2016. Can you please take the time to explain to me how she made three separate comments in support of ending #NetNeutrality more than a year after she died?

cc: @SeanAstin
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Re: Business, Economics & Tax Policy 6.0: Nope, it only found woven strands

Fox News Sunday. All the Republicans and Steve Mnuchin creaming over the tax cut. The two Democrats telling the truth. Now we get to wait and see. Meanwhile some of us will have our taxes increase or get a pittance in the meantime while watching the safety net disappear and the strain on government get worse.
 
Re: Business, Economics & Tax Policy 6.0: Nope, it only found woven strands

McCain isn’t doing well and is going home. He’ll miss the tax vote. Won’t matter.
Meanwhile corker is pulling a pathetic stunt- now demanding to know how the last minute provision that greatly benefits him got in there
 
Re: Business, Economics & Tax Policy 6.0: Nope, it only found woven strands

Ran a back of the envelope calculation on the new tax act. I'll save a few K.

I think we'll be taking the standard deduction rather than itemize, particularly with the 10K limit on state and local taxes.

So will the rich and powerful in high tax states flee to cheaper alternatives?
 
Re: Business, Economics & Tax Policy 6.0: Nope, it only found woven strands

joecct said:
Ran a back of the envelope calculation on the new tax act. I'll save a few K.

I think we'll be taking the standard deduction rather than itemize, particularly with the 10K limit on state and local taxes.

So will the rich and powerful in high tax states flee to cheaper alternatives?
Click to expand...

Will Wall St ever move from New York?

(which happens to be my standard response to claims that people will move their investments off shore if Capitol Gains was treated like normal income)
 
joecct said:
Ran a back of the envelope calculation on the new tax act. I'll save a few K.

I think we'll be taking the standard deduction rather than itemize, particularly with the 10K limit on state and local taxes.

So will the rich and powerful in high tax states flee to cheaper alternatives?
Click to expand...

Yes. It’s a vicious cycle and it will be unpleasant for a lot of states. They should make small modifications to the pension plans now so people don’t get completely screwed later.
 
Re: Business, Economics & Tax Policy 6.0: Nope, it only found woven strands

alfablue said:
Will Wall St ever move from New York?

(which happens to be my standard response to claims that people will move their investments off shore if Capitol Gains was treated like normal income)
Click to expand...

They'll live in New Jersey. ;)
 
Re: Business, Economics & Tax Policy 6.0: Nope, it only found woven strands

joecct said:
Ran a back of the envelope calculation on the new tax act. I'll save a few K.

I think we'll be taking the standard deduction rather than itemize, particularly with the 10K limit on state and local taxes.

So will the rich and powerful in high tax states flee to cheaper alternatives?
Click to expand...

I find it an interesting back door way to get the states to become more resourceful: Put pressure on them to lower taxes, which would then require a cut in spending.
 
Re: Business, Economics & Tax Policy 6.0: Nope, it only found woven strands

It's interesting how the percentage tax cut you get goes up the more you earn. So, it's not enough that it's the dollars it also has to be the size of the cut. Even the Child Tax Credit. You get $4000 if you make 4000,000 a year. You get $75 if you're in poverty. Makes total sense.
 
Re: Business, Economics & Tax Policy 6.0: Nope, it only found woven strands

ScoobyDoo said:
It's interesting how the percentage tax cut you get goes up the more you earn. So, it's not enough that it's the dollars it also has to be the size of the cut. Even the Child Tax Credit. You get $4000 if you make 4000,000 a year. You get $75 if you're in poverty. Makes total sense.
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They could use any system of reduction, and you'd still find a problem with it. You're basically proving Mrs. Sanders' beer analogy.
 
Re: Business, Economics & Tax Policy 6.0: Nope, it only found woven strands

FlagDUDE08 said:
They could use any system of reduction, and you'd still find a problem with it. You're basically proving Mrs. Sanders' beer analogy.
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I can think of about a thousand different ways to do this tax cut that would have been acceptable to me. Instead, they did the worst possible thing. And all polling indicates that people agree with me and not you. I find it most interesting that you continually spend all this time here carrying a man's water that has no interest in actually helping the people that elected him. It's astonishing.
 
Re: Business, Economics & Tax Policy 6.0: Nope, it only found woven strands

ScoobyDoo said:
I can think of about a thousand different ways to do this tax cut that would have been acceptable to me. Instead, they did the worst possible thing. And all polling indicates that people agree with me and not you. I find it most interesting that you continually spend all this time here carrying a man's water that has no interest in actually helping the people that elected him. It's astonishing.
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And they consistently do the opposite of what they run on- fiscal conservatism.

Taking this big of a chance on economic growth is anything but a conservative move. Past trials of cuts like this have not produced the desired result- some even going the opposite direction. So this is HUGE risk taking in the overall economy.

How can that ever be considered conservative?

And how does that fly in the face of not upping the debt/deficit? How do members who are so "hawkive" over spending see this as a good thing?? The math just does not work out, and the theory hasn't ever come close to working out.
 
Re: Business, Economics & Tax Policy 6.0: Nope, it only found woven strands

joecct said:
Ran a back of the envelope calculation on the new tax act. I'll save a few K.

I think we'll be taking the standard deduction rather than itemize, particularly with the 10K limit on state and local taxes.

So will the rich and powerful in high tax states flee to cheaper alternatives?
Click to expand...

How will you fare in year 10?
 
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