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Thread: Trump Tax Cuts Are (Probably) About to Become a Political Disaster

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    Re: Trump Tax Cuts Are (Probably) About to Become a Political Disaster

    Quote Originally Posted by Greenbeard View Post
    The GOP's greatest strategist once again offers up a master class in one-dimensional chess.

    Trump Tax Cuts Are (Probably) About to Become a Political Disaster
    Democrat voters are too stupid to figure out that if you PAY LESS TAXES, you get LESS REFUNDS?


    This should surprise no one.

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    Re: Trump Tax Cuts Are (Probably) About to Become a Political Disaster

    Quote Originally Posted by Helix View Post
    even though it's probably not a great investment, most people in my socioeconomic class and lower sort of count on the refunds as a windfall to be used to catch up on bills. if the refund drops significantly, people are going to be pissed off, so it might not be great PR for the Trumpist party. his core base will remain loyal, however.
    Paying your fair share really sucks when it is you paying it.

    What a crock!

    I will be more than happy to trade tax returns with you. ( get your ****ing check book ready)
    “It’s easier to run for office than to run the office.”
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    Re: Trump Tax Cuts Are (Probably) About to Become a Political Disaster

    Quote Originally Posted by independentusa View Post
    From what I read that the tax tables were set up to make it seem like most people got big tax cuts, but once they do their taxes they will find out that not enough tax was taken out of their paychecks and now they will have to pay in rather than get a tax refund. Made it look good a year ago, but now as they say, the chickens are coming home to roost.
    That was supposed to make it look good. But it didn't work. People never really warmed to the tax plan, it remained unpopular, and the GOP got demolished in the midterms.

    The gambit appears to have failed. This part happening now is just the final insult to the middle class.

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    Re: Trump Tax Cuts Are (Probably) About to Become a Political Disaster

    Quote Originally Posted by Rogue Valley View Post
    So much #winning for the middle class!

    Corporations and the wealthiest Americans are
    Highest % of personal income tax, BY FAR was to the middle earners...3-4%.

    Try REALITY.


    If you live in a HIGH TAX STATE, and were used to SADDLING THE REST OF US WITH YOUR TAX BILL....TOUGH ****.

    You don't get to foist your state's onerous taxation onto the rest of our backs anymore.


    It's called YOUR FAIR SHARE.

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    Re: Trump Tax Cuts Are (Probably) About to Become a Political Disaster

    Quote Originally Posted by Greenbeard View Post
    It's been a year. If people didn't feel them in 2018 and their refund this year is smaller or nonexistent, the GOP is going to have to give up on that "the tax plan can't be unpopular forever!" pipe dream.

    This ill-advised under-withholding strategy is just the icing on the cake of widespread middle class disappointment in the GOP's tax giveaway to the wealthy. And that cake's been baked for many months.
    The under-withholding thing isn't new. If you every filled out a W-4 and followed the instructions you'd have been GUARANTEED to under-withhold unless you were getting refundable EIC or something. The principles didn't change. The new tax law simply didn't address that issue.

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    Re: Trump Tax Cuts Are (Probably) About to Become a Political Disaster

    Quote Originally Posted by Lutherf View Post
    The under-withholding thing isn't new. If you every filled out a W-4 and followed the instructions you'd have been GUARANTEED to under-withhold unless you were getting refundable EIC or something. The principles didn't change. The new tax law simply didn't address that issue.
    This was the White House instructing the IRS on withholding for purely political purposes.

    I realize you're a Trump supporter, but doesn't that rile your feathers, even a little bit?


    • If we had confidence that the president clearly did not commit obstruction of justice, we would so state. •
    • Based on the facts and the applicable legal standards, however.... we are unable to reach that judgment. •

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    Re: Trump Tax Cuts Are (Probably) About to Become a Political Disaster

    Quote Originally Posted by Rogue Valley View Post
    This was the White House instructing the IRS on withholding for purely political purposes.

    I realize you're a Trump supporter, but doesn't that rile your feathers, even a little bit?
    O...it gave you the SAME OPTION YOU ALWAYS HAD; you determine your withholding...NOT THE IRS.


    Never filled out a W2?

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    Re: Trump Tax Cuts Are (Probably) About to Become a Political Disaster

    Quote Originally Posted by Helix View Post
    you are one of his constant defenders, and probably will be no matter what he does. some people aren't. the problem for the Trumpist party is that they need his entire 2016 coalition to stay intact for 2020, or they need the Democrats to make a massive mistake when choosing a candidate. if i were you, i'd hope for the latter.
    I am a defender of Trump and I have no problem saying that. Do I approve of all of his antics? Hell no. Do I approve of every policy he has put forward? Yes. Do I think he colluded with Russia? No. Do I think that the liberal obsession with all thing Russia is just a new form of Trutherism? Absolutely.
    "The Special Counsel's investigation did not find that the Trump campaign or anyone associated with it conspired or coordinated with Russia in its efforts to influence the 2016 U.S. presidential election"

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    Re: Trump Tax Cuts Are (Probably) About to Become a Political Disaster

    Quote Originally Posted by Rogue Valley View Post
    This was the White House instructing the IRS on withholding for purely political purposes.

    I realize you're a Trump supporter, but doesn't that rile your feathers, even a little bit?
    The White House is not allowed to "instruct" the IRS on tax issues. Taxes are legislative matters and, as such, are directed by the legislative branch and then implemented by the treasury department under the executive branch. The executive branch can certainly express their opinion on how final regs should be implemented but they are not allowed to make up rules not already in place via legislation.

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    Re: Trump Tax Cuts Are (Probably) About to Become a Political Disaster

    Quote Originally Posted by Lutherf View Post
    The reduced withholding was a bad idea but, on the whole, people are paying less tax. Contrary to the author's opinion that people are idiots, most will figure this out before long.
    Maybe you've never been poor. I grew up poor. My parents counted on that tax refund. It was a big deal. People notice when it gets smaller.

    And no, people don't understand taxes at all. For example, they don't understand progressive taxation. If you told most people that income above $10 million would be taxed at 70% they would expect someone who makes $10 million to pay $7 million in taxes. Most people don't understand that it's only the money beyond the first $10 million that's taxed at 70%.

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