Political Forums  

Go Back   Defending The Truth Political Forum > Political Issues > Money and Finance > Economics


Thanks Tree1Thanks
  • 1 Post By Supposn
Reply
 
LinkBack Thread Tools Display Modes
Old November 6th, 2017, 07:36 AM   #1
Senior Member
 
Join Date: Oct 2009
Location: Cliffside Park, NJ
Posts: 412
H.R. 1, “Tax cuts and jobs act”

H.R. 1, “Tax cuts and jobs act”:

Within the proposed “Tax Cuts & Jobs Act”, the populist proposal doubling the standard deduction is of conspicuous merit, and eliminating the alternative minimum tax would be contemptible.
(Increasing the standard deduction would be further improved if it were subject to annual cost of living adjustments).

[Consider the alleged pages of Donald Trump's 1040 tax return for 2005 published by the NY Times.
It was conceivable for his effective tax rate upon a $49, 592, 825 adjusted gross income to be less than $5, 310, 616. (Trump then instead had to pay the alternative minimum tax).
The working-poors' wages do not contribute income tax revenues and cannot fund or their dependents' medical insurance, but they contribute 7.65% FICA taxes upon their entire wages. It should be conceivable that some millionaires will be obliged to pay an effective income tax rate of less than 11%, (i.e. 10.7%)?]

Elimination of the alternative minimum tax would effectively reduce our tax revenues and act as a tax boon for only the financially favored. Accusations that FDR was “a traitor to his class” served to enhance his reputation. Elimination of the AMT would enhance president Trump's and Republicans' reputations among the wealthy.

If sufficient numbers of Republicans do not oppose eliminating the AMT, Democrats should be able to hang it, (as the “albatross”), around president Trump's and all Republican candidates' necks.
But there's a difference between “should be” and “will be”. The incompetent Democratic National Committee couldn't defend the reputation of a presidential candidate. John Kerry served in the military with distinction that went beyond simply honorable.

Respectfully, Supposn
Thanks from McCoy
Supposn is offline  
Old November 6th, 2017, 07:44 AM   #2
Senior Member
 
Join Date: Apr 2017
Location: Sweden
Posts: 1,240
Kerry former VP is real when he supports the military force. Not since Bush Jr someone having supports the Army. The talibans and Iraq Army got hot on fire when US of America bomb therefore the US where under attack by terrorism and Saddam Hussein they treathening the US civilians were under attack in NYC september 2001 and last 15 years the military force are in Afghanistan.
McCoy is offline  
Reply

  Defending The Truth Political Forum > Political Issues > Money and Finance > Economics

Tags
act, act”, cuts, jobs, tax, “tax



Thread Tools
Display Modes


Similar Threads
Thread Thread Starter Forum Replies Last Post
Trump tells Black citizens he will protect their jobs and create new jobs johnwk Current Events 10 August 26th, 2016 04:10 AM
Jobs? We Don't Need No Stinkin' Jobs Podium Pentothal Current Events 163 February 7th, 2013 10:14 AM
Republican Leader Finally Admits that Federal Spending Cuts, Kills Jobs waitingtables Current Events 1 September 14th, 2012 11:02 AM
Boehner: Good Jobs Data Due To Tax Cuts (Not Obama Stimulus) npr Current Events 0 March 4th, 2011 06:02 AM
Cuts Upon Cuts Leave Georgia With 'Budget Fatigue' npr Current Events 0 January 30th, 2011 04:00 AM


Facebook Twitter RSS Feed



Copyright © 2005-2013 Defending The Truth. All rights reserved.