This article says no. How about your own businesses?
http://www.nydailynews.com/opinion/ny-oped-the-tax-windfall-that-wasnt-20181101-story.html

They are working like a guy on welfare works. Sure, he may make some side hustle money, but the food stamps come from us.

tommie said:

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They are working like a guy on welfare works. Sure, he may make some side hustle money, but the food stamps come from us.

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the direction does reverse bottom to top is my impresssion. But are they working?

Waco1947 said:

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tommie said:

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They are working like a guy on welfare works. Sure, he may make some side hustle money, but the food stamps come from us.

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the direction does reverse bottom to top is my impresssion. But are they working?

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Yes they are.

https://www.zerohedge.com/news/2018-07-11/evidence-clear-tax-cuts-work

https://nypost.com/2018/05/29/economic-data-from-april-shows-the-tax-cuts-are-working/

https://thepoliticalinsider.com/trump-tax-cuts-working/

fadskier said:

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Waco1947 said:

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tommie said:

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They are working like a guy on welfare works. Sure, he may make some side hustle money, but the food stamps come from us.

---

the direction does reverse bottom to top is my impresssion. But are they working?

---

Yes they are.

https://www.zerohedge.com/news/2018-07-11/evidence-clear-tax-cuts-work

https://nypost.com/2018/05/29/economic-data-from-april-shows-the-tax-cuts-are-working/

https://thepoliticalinsider.com/trump-tax-cuts-working/

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. Thank you for citing those resources. The article I posted does indeed say the same thing but the latest article you cite is May 2018.
My articles is of Nov. 2018 with a longer view. For instance, we are on track for a 145% increase in the deficit for 2018.

My taxes have increased

Canada2017 said:

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Just yesterday my longtime gym buddy told me ....the Trump tax cuts were saving him 10's of thousands of dollars.

Gregg is a computer/ internet specialist for Colorado State and also does a lot private consulting work.

Probably pulls down about 250k per year.

My account says we will save a substantial amount of money as well....but I don't have any specifics yet.

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All that wonderful individual saving while the government collects record amounts of tax money each month.

contrario said:

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J.R. said:

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My taxes have increased

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Get a better accountant.

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I have the best, but thanks for the tip. When I can deduct only $10,000 from my property tax for starters, that's a big hit right off the bat, pal. Add to that, that dumb SOB tweeting at Saudi ramp production and not cut it, Oil price falls off a cliff to the tune of 30%....that's just great, there, Trumps. I thought the Trumps was pro business? Any free market person understands how bad an economic leader he is. He is in way over his head with Tariffs and picking winners and losers.

J.R. said:

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contrario said:

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J.R. said:

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My taxes have increased

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Get a better accountant.

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I have the best, but thanks for the tip. When I can deduct only $10,000 from my property tax for starters, that's a big hit right off the bat, pal.

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So, taxes went up on the rich?

Osodecentx said:

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J.R. said:

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contrario said:

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J.R. said:

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My taxes have increased

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Get a better accountant.

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I have the best, but thanks for the tip. When I can deduct only $10,000 from my property tax for starters, that's a big hit right off the bat, pal.

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So, taxes went up on the rich?

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Don't know about that blanket statement, but they went up on me.

Canada2017 said:

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Gruvin said:

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Canada2017 said:

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Just yesterday my longtime gym buddy told me ....the Trump tax cuts were saving him 10's of thousands of dollars.

Gregg is a computer/ internet specialist for Colorado State and also does a lot private consulting work.

Probably pulls down about 250k per year.

My account says we will save a substantial amount of money as well....but I don't have any specifics yet.

---

All that wonderful individual saving while the government collects record amounts of tax money each month.

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Don't know what the bottom line will be.....but so far JR is the only guy informing me his taxes are going up. Hey I believe it ....but everyone else seems pretty happy.

Regardless when the Dems regain power in 2020 they will resume taxing the hell out of the upper and middle class.

It's inevitable.

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Don't disagree with that.

J.R. said:

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contrario said:

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J.R. said:

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My taxes have increased

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Get a better accountant.

---

I have the best, but thanks for the tip. When I can deduct only $10,000 from my property tax for starters, that's a big hit right off the bat, pal. Add to that, that dumb SOB tweeting at Saudi ramp production and not cut it, Oil price falls off a cliff to the tune of 30%....that's just great, there, Trumps. I thought the Trumps was pro business? Any free market person understands how bad an economic leader he is. He is in way over his head with Tariffs and picking winners and losers.

---

Like I said, get a better accountant if all he/she is talking about is the reduction in the property tax deduction. There are so many legal ways to save taxes if you understand the new laws. I can't speak for your individual situation, but there is much more to the new tax laws than the property tax deduction limit.

Read the article. Tax cuts did not increase revenues and spending surged. A quick boost to the economy but like a sugar high

Waco1947 said:

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Read the article. Tax cuts did not increase revenues and spending surged. A quick boost to the economy but like a sugar high

---

And my point was we need more time to measure the effectiveness of the tax cuts. With any new policy like this there are short- and long-term benefits and consequences. We experienced the short term benefits, or sugar high as you put it, but may be 3-5 years before we can adequately measure the long-term benefits, keeping in mind there will be some milemarkers along the way. Tax payers still haven't even filed their 2018 income taxes, so one could even argue we still don't even know what the short-term benefits will be because all we know is that withholdings were adjusted for 2018, but that isn't the same as what the actual end of year tax bill will be. It could be worse than we think, or it could be better after people actually file and pay their 2018 taxes. We shall see.

All of this has nothing to do with the deficit though. The soaring deficit is caused by the enormous bipartisan spending bill that continues the long-standing policy of both parties to spend more than we bring in. We still aren't completely sure how the tax bill will impact federal tax revenue, but if history holds true, federal tax revenue will continue to rise over the long-term at a relatively stable rate, barring a major decline in the economy. So what we are left with is trying to control spending in order to reduce the annual deficit, something both parties have shown no interest in doing.

contrario said:

---

J.R. said:

---

contrario said:

---

J.R. said:

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My taxes have increased

---

Get a better accountant.

---

I have the best, but thanks for the tip. When I can deduct only $10,000 from my property tax for starters, that's a big hit right off the bat, pal. Add to that, that dumb SOB tweeting at Saudi ramp production and not cut it, Oil price falls off a cliff to the tune of 30%....that's just great, there, Trumps. I thought the Trumps was pro business? Any free market person understands how bad an economic leader he is. He is in way over his head with Tariffs and picking winners and losers.

---

Like I said, get a better accountant if all he/she is talking about is the reduction in the property tax deduction. There are so many legal ways to save taxes if you understand the new laws. I can't speak for your individual situation, but there is much more to the new tax laws than the property tax deduction limit.

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i think I understand tax really well, but thanks for the advise.

contrario said:

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Waco1947 said:

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Read the article. Tax cuts did not increase revenues and spending surged. A quick boost to the economy but like a sugar high

---

And my point was we need more time to measure the effectiveness of the tax cuts. With any new policy like this there are short- and long-term benefits and consequences. We experienced the short term benefits, or sugar high as you put it, but may be 3-5 years before we can adequately measure the long-term benefits, keeping in mind there will be some milemarkers along the way. Tax payers still haven't even filed their 2018 income taxes, so one could even argue we still don't even know what the short-term benefits will be because all we know is that withholdings were adjusted for 2018, but that isn't the same as what the actual end of year tax bill will be. It could be worse than we think, or it could be better after people actually file and pay their 2018 taxes. We shall see.

All of this has nothing to do with the deficit though. The soaring deficit is caused by the enormous bipartisan spending bill that continues the long-standing policy of both parties to spend more than we bring in. We still aren't completely sure how the tax bill will impact federal tax revenue, but if history holds true, federal tax revenue will continue to rise over the long-term at a relatively stable rate, barring a major decline in the economy. So what we are left with is trying to control spending in order to reduce the annual deficit, something both parties have shown no interest in doing.

---

You are right that it is bipartisan but the gop fiscal hawks collapsed after Obama. I find it suspicious.

Waco1947 said:

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This article says no. How about your own businesses?
http://www.nydailynews.com/opinion/ny-oped-the-tax-windfall-that-wasnt-20181101-story.html

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Sure. They're working for rich people.

cinque said:

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Waco1947 said:

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This article says no. How about your own businesses?
http://www.nydailynews.com/opinion/ny-oped-the-tax-windfall-that-wasnt-20181101-story.html

---

Sure. They're working for rich people.

---

Just curious......

How much income per year for a family of 4 ( Husband and Wife both working ) meets your definition of rich .

Canada2017 said:

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cinque said:

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Waco1947 said:

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This article says no. How about your own businesses?
http://www.nydailynews.com/opinion/ny-oped-the-tax-windfall-that-wasnt-20181101-story.html

---

Sure. They're working for rich people.

---

Just curious......

How much income per year for a family of 4 ( Husband and Wife both working ) meets your definition of rich .

---

Irrelevant to me point about the tax cut working for rich people.

Waco1947 said:

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contrario said:

---

Waco1947 said:

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Read the article. Tax cuts did not increase revenues and spending surged. A quick boost to the economy but like a sugar high

---

And my point was we need more time to measure the effectiveness of the tax cuts. With any new policy like this there are short- and long-term benefits and consequences. We experienced the short term benefits, or sugar high as you put it, but may be 3-5 years before we can adequately measure the long-term benefits, keeping in mind there will be some milemarkers along the way. Tax payers still haven't even filed their 2018 income taxes, so one could even argue we still don't even know what the short-term benefits will be because all we know is that withholdings were adjusted for 2018, but that isn't the same as what the actual end of year tax bill will be. It could be worse than we think, or it could be better after people actually file and pay their 2018 taxes. We shall see.

All of this has nothing to do with the deficit though. The soaring deficit is caused by the enormous bipartisan spending bill that continues the long-standing policy of both parties to spend more than we bring in. We still aren't completely sure how the tax bill will impact federal tax revenue, but if history holds true, federal tax revenue will continue to rise over the long-term at a relatively stable rate, barring a major decline in the economy. So what we are left with is trying to control spending in order to reduce the annual deficit, something both parties have shown no interest in doing.

---

You are right that it is bipartisan but the gop fiscal hawks collapsed after Obama. I find it suspicious.

---

No they don't. The republicans have been spending out of their arses for decades. They just spend money in different places than democrats. And any appearance of fiscal responsibility republicans demonstrated during the Obama administration was to get votes so they could get back in power and then spend money in the places they want to. The same goes for the democrats. They will act like they care about the deficit as long as Trump is in office so they can regain power and spend money where they want to spend it. Don't you see this? This is the stupid game the two parties play: gain power, abuse power, lose power, obstruct the opposition party when they are in power, regain power and then repeat. It's so fcking mindless and the sheep on both sides fall for the stupid games every time. And the system is rigged so that a legitimate 3rd party could never make a serious run at gaining power, so we are stuck in this hamster wheel of death while the two parties spend us into oblivion.

Dems ask these kind of questions because they think governments should spend the $ and not individuals.

cinque said:

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Waco1947 said:

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This article says no. How about your own businesses?
http://www.nydailynews.com/opinion/ny-oped-the-tax-windfall-that-wasnt-20181101-story.html

---

Sure. They're working for rich people.

---

All tax brackets were cut so they are working for everyone. BTW, what tax cuts do libs support?

cinque said:

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Canada2017 said:

---

cinque said:

---

Waco1947 said:

---

This article says no. How about your own businesses?
http://www.nydailynews.com/opinion/ny-oped-the-tax-windfall-that-wasnt-20181101-story.html

---

Sure. They're working for rich people.

---

Just curious......

How much income per year for a family of 4 ( Husband and Wife both working ) meets your definition of rich .

---

Irrelevant to me point about the tax cut working for rich people.

---

Just curious what you think is 'rich' for a family of 4 ?

There is no right or wrong answer .

contrario said:

---

Waco1947 said:

---

contrario said:

---

Waco1947 said:

---

Read the article. Tax cuts did not increase revenues and spending surged. A quick boost to the economy but like a sugar high

---

And my point was we need more time to measure the effectiveness of the tax cuts. With any new policy like this there are short- and long-term benefits and consequences. We experienced the short term benefits, or sugar high as you put it, but may be 3-5 years before we can adequately measure the long-term benefits, keeping in mind there will be some milemarkers along the way. Tax payers still haven't even filed their 2018 income taxes, so one could even argue we still don't even know what the short-term benefits will be because all we know is that withholdings were adjusted for 2018, but that isn't the same as what the actual end of year tax bill will be. It could be worse than we think, or it could be better after people actually file and pay their 2018 taxes. We shall see.

All of this has nothing to do with the deficit though. The soaring deficit is caused by the enormous bipartisan spending bill that continues the long-standing policy of both parties to spend more than we bring in. We still aren't completely sure how the tax bill will impact federal tax revenue, but if history holds true, federal tax revenue will continue to rise over the long-term at a relatively stable rate, barring a major decline in the economy. So what we are left with is trying to control spending in order to reduce the annual deficit, something both parties have shown no interest in doing.

---

You are right that it is bipartisan but the gop fiscal hawks collapsed after Obama. I find it suspicious.

---

No they don't. The republicans have been spending out of their arses for decades. They just spend money in different places than democrats. And any appearance of fiscal responsibility republicans demonstrated during the Obama administration was to get votes so they could get back in power and then spend money in the places they want to. The same goes for the democrats. They will act like they care about the deficit as long as Trump is in office so they can regain power and spend money where they want to spend it. Don't you see this? This is the stupid game the two parties play: gain power, abuse power, lose power, obstruct the opposition party when they are in power, regain power and then repeat. It's so fcking mindless and the sheep on both sides fall for the stupid games every time. And the system is rigged so that a legitimate 3rd party could never make a serious run at gaining power, so we are stuck in this hamster wheel of death while the two parties spend us into oblivion.

---

We are agreed.

Canada2017 said:

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cinque said:

---

Canada2017 said:

---

cinque said:

---

Waco1947 said:

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This article says no. How about your own businesses?
http://www.nydailynews.com/opinion/ny-oped-the-tax-windfall-that-wasnt-20181101-story.html

---

Sure. They're working for rich people.

---

Just curious......

How much income per year for a family of 4 ( Husband and Wife both working ) meets your definition of rich .

---

Irrelevant to me point about the tax cut working for rich people.

---

Just curious what you think is 'rich' for a family of 4 ?

There is no right or wrong answer .

---

. Enough is the answer. For many the money is never enough. 10% to God 10% to self and live on 80%. But it depends on the size of house and car and the costs of healthcare. We can control house and car. Healthcare only somewhat.