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White House Unveils Trump’s Opening Tax-Cut Bid

Conservative said:
Most states do not have a FEDERAL SALES tax which shows me just how young and how little you know about the taxes being paid. Both your state sales and income taxes stay in the state but your federal taxes do not. Tell me exactly what a Federal Sales Tax is?? I live in TX and have no Federal Sales Tax or State income taxes.
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Zero states have a federal sales tax. What are you talking about?

I am waiting for you to explain how income tax increases increase demand which seems to be the left argument in that belief we don't collect enough income taxes. In your case we apparently get none as your deductions prevent you from paying taxes and you give the Federal Govt. an interest free loan or use of your money for a year with withholding.
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Zero people on the left say that raising income tax increases demand.

People on the left say that raising income tax hurts demand less than raising sales tax, dollar-for-dollar.

In summary, try addressing the actual messages being written instead of typing random crap with no bearing on the discussion. Otherwise... Bye!
 
Conservative said:
You truly are a waste of time, keeping more of what you earn is never the problem for most except for you. Bush tax cuts are in place but 14 years later since implementation and Obama had a chance to eliminate them but didn't so stop blaming Bush and tax cuts for the problems Obama had.

Putting more money into the hands of the middle class how? You credit Obama for preventing a depression how? His stimulus took employment from 142 million down to 139 million two years later. TARP Saved us from a depression and TARP was initiated by Bush, not Obama.

I am waiting for you to explain why Obama is the first President in modern history not to have a 3% annual GDP growth especially coming off what you have called the worst recession since the Great Depression? Your hatred for conservative policies is simply liberal Bull**** that ignores big govt. policies that got us into this mess, not you keeping more of what you earn.

Bernie Sanders is from Vermont, name for me one positive economic policy he has gotten through the Congress? He is a multimillionaire that has sold you a bill of goods because of rhetoric you want to here. A small state Senator with no executive or management experience is something that this country cannot afford. i will judge Trump on his results and so far I am happy with my vote.
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Bernie Sanders is not a multimillionaire.
 
Rogue Valley said:
White House Unveils Trump’s Opening Tax-Cut Bid


What the White House released was an abbreviated outline. It is understood that changes will be made by Congress and there is nothing of substance in the WH release explaining the mechanics of how lost tax revenues would be replaced.

Have at it.
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One problem with the repatriation of the 2.6 trillion: we need to make sure companies don't just buy back their own stock like many did last time.
 
Gaea said:
Zero states have a federal sales tax. What are you talking about?



Zero people on the left say that raising income tax increases demand.

People on the left say that raising income tax hurts demand less than raising sales tax, dollar-for-dollar.

In summary, try addressing the actual messages being written instead of typing random crap with no bearing on the discussion. Otherwise... Bye!
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Maybe it is you that should be talking in English and read what you post before sending it. Trump has proposed a big tax cut and the left including you is against it. That is the topic of this thread. I support the Trump tax cuts and understand that putting more money in the hands of the people increases demand and economic activity. There is a difference between income taxes and sales taxes. You don't seem to understand the difference and have no problem giving the Federal Govt. an interest free loan on your money. Have a good day
 
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Kal'Stang said:
Except of course that in order to survive in this world you need an income in order to buy the goods you need to survive.
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There is no dilemma. In the U.S., 37% of the population is outside of the labor force and 45% do not pay federal income taxes.

So earning an income is not a choice.
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Of course it is!

It's a necessity.
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For some.

Buying a TV is not a necessity and as such is a choice. That is why your argument fails.
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Buying food, clothing, shelter, and the necessary items is a choice? You haven't even begun to address my actual argument, and jumped into this because you thought you could score some free throws.
 
jonny5 said:
The wealthy may be less in number, but they are greater in spending.
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You miss the point. The wealthy do not spend 100% of their income. Hence, their consumption possibilities are not reduced by a sales tax.

Those you make 200k and up spend on avg 140k. Below 70k, its about 34k.
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This does not accurately illustrate the situation accurately enough to negate the relationship between income and savings rates.

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Conservative said:
Spoken by someone who has no clue as to what sales taxes are collected on and how the money is used. Don't buy something don't pay the taxes. Food is not taxable. Earn income, pay withholding give the govt and interest free loan and get it back over a year later. Great strategy and leftwing logic
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Food is subject to sales taxes in some states like Tennessee. And the problem with the choice thing is the poor by necessity must spend nearly all their income (often more) just to get by. And they tend to buy sales taxable goods as opposed to the services (frequently not subject to sales tax) disproportionately consumed by the wealthy.

If we went to a national sales tax or something similar, the tax base should be nearly all goods AND services or else it will have a hugely disproportionate impact on the poor. Any sales tax is by definition regressive because the poor save a small or negative share of their income, but exempting most services make a sales tax even more regressive.
 
JasperL said:
Food is subject to sales taxes in some states like Tennessee. And the problem with the choice thing is the poor by necessity must spend nearly all their income (often more) just to get by. And they tend to buy sales taxable goods as opposed to the services (frequently not subject to sales tax) disproportionately consumed by the wealthy.

If we went to a national sales tax or something similar, the tax base should be nearly all goods AND services or else it will have a hugely disproportionate impact on the poor. Any sales tax is by definition regressive because the poor save a small or negative share of their income, but exempting most services make a sales tax even more regressive.
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The point remains, sales taxes are state issues and controlled by term limited politicians and people who if they don't like the sales taxes can revoke them through their legislature by changing it. Federal Income taxes are controlled by career politicians who buy votes with the money they receive. In addition state sales tax revenue remains in the state and is used for local services. Is it your belief that the poor have no personal responsibility to fund state programs?

Sales Taxes may be regressive but still are a choice issue. My state does not tax food and if yours does, change it. You seem to think only with your heart now try using your brain. A lot of poor people are wearing Michael Jordan sneakers, have cell phones, computers, and things they truly don't need to survive but rather want for convenience. Put taxing authority back where it belongs, in the states and let the states handle all their social problems
 
Conservative said:
The point remains, sales taxes are state issues and controlled by term limited politicians and people who if they don't like the sales taxes can revoke them through their legislature by changing it. Federal Income taxes are controlled by career politicians who buy votes with the money they receive. In addition state sales tax revenue remains in the state and is used for local services. Is it your belief that the poor have no personal responsibility to fund state programs?

Sales Taxes may be regressive but still are a choice issue. My state does not tax food and if yours does, change it. You seem to think only with your heart now try using your brain. A lot of poor people are wearing Michael Jordan sneakers, have cell phones, computers, and things they truly don't need to survive but rather want for convenience. Put taxing authority back where it belongs, in the states and let the states handle all their social problems
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OK, I know better than to follow you down ratholes. Thanks for your response!
 
JasperL said:
OK, I know better than to follow you down ratholes. Thanks for your response!
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Do you have any clue as to the role of the Federal Govt. vs. state and local governments and where the money goes? It is rather sad how so many have no clue and you seem to fit into that category. Every dollar that goes to the Federal Govt. is one dollar out of the state and local economies. What part of that don't you understand? You actually think we need a 4 trillion dollar budget?
 
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