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Thread: Are the Trump tax only for the rich?

  1. #321
    User BahamaBob's Avatar
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    Re: Are the Trump tax only for the rich?

    Quote Originally Posted by MauiMan View Post
    The republicans want to gut Medicare and Social Security. When the deficit continues to balloon—which it is doing right now—the republicans will once again become budget hawks and will decry the “entitlement” programs as bankrupting America, when in actuality it is military spending that is bankrupting America.
    You don't even know what an entitlement program is. Social Security and Medicare are not entitlements. Both are paid for by the recipients. Get a clue before you babble your total nonsense.

    Beyond that, Trump has done nothing to hamper either of these programs. It was Obama who robbed $713 billion from Medicare to hide the true cost of Obama Care.

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    Re: Are the Trump tax only for the rich?

    Quote Originally Posted by BahamaBob View Post
    You don't even know what an entitlement program is. Social Security and Medicare are not entitlements. Both are paid for by the recipients. Get a clue before you babble your total nonsense.
    I'm baffled by how much people don't know, and then talk as though they are an authoritative voice.

    SS and Medicare are entitlements by definition. So are food stamps, medicaid, unemployment, etc....

    Some require contributions to be entitled where as others do not.

    Beyond that, Trump has done nothing to hamper either of these programs. It was Obama who robbed $713 billion from Medicare to hide the true cost of Obama Care.
    This level of ignorance isn't worth addressing other than to point out inadequacy.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

  3. #323
    User BahamaBob's Avatar
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    Re: Are the Trump tax only for the rich?

    Quote Originally Posted by Kushinator View Post
    I'm baffled by how much people don't know, and then talk as though they are an authoritative voice.

    SS and Medicare are entitlements by definition. So are food stamps, medicaid, unemployment, etc....

    Some require contributions to be entitled where as others do not.



    This level of ignorance isn't worth addressing other than to point out inadequacy.
    Blattering more ignorance will not make you appear correct. It only highlights your lack of intelligence. If it were an entitlement program everyone could collect it. Because you have to "qualify" it is not an entitlement. To qualify for Social Security you have to have paid into it for 40 quarters. The amount you paid in also determines how much you can receive. No entitlement all earned.

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    Educator MauiMan's Avatar
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    Re: Are the Trump tax only for the rich?

    Quote Originally Posted by Conservative View Post
    Have seen no such cuts to Medicare and SS but have seen proposed cuts to Medicaid which should be a state issue anyway.
    The Medicare exclusions, eliminations, and reductions are on page 117. Page 118 has the totals.

    I don’t think you read it! Here you are accusing me of fear mongering and lack of proof. Then, I point to an example in the actual budget document that supports my claim, and then you claim you don’t see it! Who’s the one that has “no clue”?
    “Donald Trump was the dumbest goddam student I ever had.” — Professor William T. Kelley, Wharton School of Business. (Emphasis is Dr. Kelley’s)

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    Educator MauiMan's Avatar
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    Re: Are the Trump tax only for the rich?

    Quote Originally Posted by BahamaBob View Post
    You don't even know what an entitlement program is. Social Security and Medicare are not entitlements. Both are paid for by the recipients. Get a clue before you babble your total nonsense.

    Beyond that, Trump has done nothing to hamper either of these programs. It was Obama who robbed $713 billion from Medicare to hide the true cost of Obama Care.
    Wrong! Entitlement Programs of the federal government include Medicaid, Medicare, Social Security, Unemployment and Welfare Programs. Entitlement programs are rights granted to citizens and certain non-citizens by federal law. Entitlement programs can be broken into non-contributory and contributory programs. Non-contributory programs are free handouts - they equal "something for nothing". Contributory programs must be earned - they equal "something for something".

    Also, defend your claim that Obama “robbed $713 billion from Medicare to hide the true cost of Obama Care”.
    “Donald Trump was the dumbest goddam student I ever had.” — Professor William T. Kelley, Wharton School of Business. (Emphasis is Dr. Kelley’s)

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    Educator MauiMan's Avatar
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    Re: Are the Trump tax only for the rich?

    Quote Originally Posted by Kushinator View Post
    I'm baffled by how much people don't know, and then talk as though they are an authoritative voice.

    SS and Medicare are entitlements by definition. So are food stamps, medicaid, unemployment, etc....

    Some require contributions to be entitled where as others do not.



    This level of ignorance isn't worth addressing other than to point out inadequacy.
    I agree. I feel like I’m trying to convince blathering idiots. It’s shocking how little people actually know, or are willing to even research with a simple Internet search!
    “Donald Trump was the dumbest goddam student I ever had.” — Professor William T. Kelley, Wharton School of Business. (Emphasis is Dr. Kelley’s)

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    Re: Are the Trump tax only for the rich?

    Quote Originally Posted by code1211 View Post
    Well, I just completed my taxes for the 2018 tax year.

    My income was pretty much the same year to year- only about a 2% increase year over year. Poor me!

    My Federal Taxes owed reduced by 22%. Refund was down a bit. Taxes withheld for the year were down about 17%. I got a little more in every paycheck and still got a refund of about the same size: down 5% year over year.

    Thank you, President Trump!

    I've read posts from many of the Never Trumpers here that the tax cuts were only for "The Rich". I'm am decidedly NOT in that group of folks and yet I got a 22% cut in taxes.

    As we all do our taxes here, how about we all post our personal experiences and outcomes?

    Might be interesting to review the real world facts as opposed to the partisan hackery that has dominated the conversation through the year after the Trump Tax Cut was signed into law.

    Estimates of Federal Tax income are that it will increase by 192 billion this year over last. The increase last year was 129 Billion and the year before that was 164 Billion.

    The 192 Billion increase is the biggest one since the jump logged in 2009 based on the 2008 economy. In 2011, Federal Tax Revenue actually dropped.

    I paid less and the Feds get more. Sounds pretty good! More work of the guy with the magic wand.

    Federal Receipt and Outlay Summary | Tax Policy Center
    No, the cuts are not only for the rich—they’re mostly for the rich!

    And, since I’m rich—hurrah for me! My children and grandchildren especially like the elimination of the estate tax. The reduction of corporate income tax boosts business growth, and the capital gains tax is remaining low, so I’m happy! Middle class will pay more in the long run, but I’m good with that. So—thank you President Trump and Republicans!
    “Donald Trump was the dumbest goddam student I ever had.” — Professor William T. Kelley, Wharton School of Business. (Emphasis is Dr. Kelley’s)

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    Re: Are the Trump tax only for the rich?

    Quote Originally Posted by BahamaBob View Post
    Blattering more ignorance will not make you appear correct. It only highlights your lack of intelligence. If it were an entitlement program everyone could collect it. Because you have to "qualify" it is not an entitlement. To qualify for Social Security you have to have paid into it for 40 quarters. The amount you paid in also determines how much you can receive. No entitlement all earned.
    How you personally choose to define terminology is of zero importance to this discussion.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

  9. #329
    Sage



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    Re: Are the Trump tax only for the rich?

    Quote Originally Posted by BahamaBob
    You don't even know what an entitlement program is. Social Security and Medicare are not entitlements. Both are paid for by the recipients. Get a clue before you babble your total nonsense.

    Beyond that, Trump has done nothing to hamper either of these programs. It was Obama who robbed $713 billion from Medicare to hide the true cost of Obama Care.
    The item of reducing the cost of Medicare, is more complicated than your sound-bite and detailed here. It's also worthy to note that the Republican plan reduced the cost of Medicare by exactly the same amount.

    You also misunderstand the term "entitlement." They are not only programs that have their own dedicated funding source. They are also programs which one must meet eligibility requirements, such as low income. Thus, CHIP and SNAP are every bit an entitlement as Medicare.
    Last edited by MTAtech; 03-15-19 at 07:03 AM.
    "I never meant to say that the Conservatives are generally stupid. I meant to say that stupid people are generally Conservative. I believe that is so obviously and universally admitted a principle that I hardly think any gentleman will deny it." --J.S. Mill

  10. #330
    Sage
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    Re: Are the Trump tax only for the rich?

    Quote Originally Posted by MauiMan View Post
    The Medicare exclusions, eliminations, and reductions are on page 117. Page 118 has the totals.

    I don’t think you read it! Here you are accusing me of fear mongering and lack of proof. Then, I point to an example in the actual budget document that supports my claim, and then you claim you don’t see it! Who’s the one that has “no clue”?
    You made the claim, prove it by posting the link and the statement that supports your claim

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