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The trump tax cuts have given us 4, 5, 6 % growth and paid for themselves

Conservative said:
The average wealthy blue state citizens are used to deducting their high state and local taxes fully from their Federal returns meaning they pay less in federal income taxes than red states without those high state and local taxes. Ignorance by the left on this issue is staggering
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That is simply wrong.

Let's take the example of New Jersey.

The median household income in New Jersey is $80,000 a year.

Average federal funding per resident in New Jersey is $2300 a year.

For every dollar a New Jersey resident pays in Federal Income taxes, the state get's back 61 cents in Federal Spending.

Now, let's compare that to Mississippi:

The median household income in Mississippi is $44,000 a year.

Average federal funding per resident in Mississippi is: $6600

The average taxpayer in Mississippi pays in federal taxes less than half what the average taxpayer in New Jersey pays in federal taxes. Yet, the average resident of Mississippi gets 3 times the federal spending than the average resident of New Jersey.

This is not a difficult concept. I am surprised its hard for you.
 
Conservative said:
Your problem--FIT+CIT+Excise tax DOES NOT fund SS and Medicare. FICA does!!
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Conservative said:
Unified budget, learn what it means and learn what taxes you pay and their purpose
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The CBO already projected increased budget deficits of this magnitude as a result of the Tax Cuts and Jobs Act of 2018. You reject the analysis because you cannot bend it to your partisan desires.
 
SouthernDemocrat said:
Since you have to grasp two different variables in your head at once to understand that, its a concept that requires at least average intelligence to grasp, so maybe that is the issue? ;)
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and he doesn't have anything near average intelligence in order for him to have avg. intell. his IQ level would have to increase a lot.
Have a nice day
 
SouthernDemocrat said:
That is simply wrong.

Let's take the example of New Jersey.

The median household income in New Jersey is $80,000 a year.

Average federal funding per resident in New Jersey is $2300 a year.

For every dollar a New Jersey resident pays in Federal Income taxes, the state get's back 61 cents in Federal Spending.

Now, let's compare that to Mississippi:

The median household income in Mississippi is $44,000 a year.

Average federal funding per resident in Mississippi is: $6600

The average taxpayer in Mississippi pays in federal taxes less than half what the average taxpayer in New Jersey pays in federal taxes. Yet, the average resident of Mississippi gets 3 times the federal spending than the average resident of New Jersey.

This is not a difficult concept. I am surprised its hard for you.
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Again, you have no understanding that tax revenue collected by the gov't has NO impact on the federal mandates being paid to the states. You simply are clueless when it comes to federal income taxes and federal mandates. just like you are clueless when it comes to deductions from your federal tax returns. Do you know what a deduction is? Do you not understand that state and local taxes were deductible in their entirety from the Federal Returns until the Trump tax cuts? How do you explain your statement that red states pay less in federal taxes than blue states when high state and local taxes were deductible?

You obviously still have no understanding of what a mandate is, that FIT is paid by income earners and population plays a role in what the state citizens pay in FIT. It probably is shocking to you to know that the most federal tax dollars going to the states goes to the BLUE STATE OF CALIFORNIA!!

http://knowledgecenter.csg.org/kc/system/files/2017_CFFR_Report_3.pdf
 
Kushinator said:
The CBO already projected increased budget deficits of this magnitude as a result of the Tax Cuts and Jobs Act of 2018. You reject the analysis because you cannot bend it to your partisan desires.
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CBO makes PREDICTIONS, TREASURY REPORTS THE FACTS. In your world the Unified budget treats every dollar the same, in the real world taxes were created to fund actual line items in the budget. It doesn't matter what CBO predicts as reality tells a different story, Keep dodging the facts

FIT+CIT+EXCISE REVENUE of over 2 trillion dollars to fund 1.42 trillion in discretionary line items doesn't create trillion dollar deficits!! your cheerleading liberal friends are as poorly informed and educated on this issue as you
 
Hari Seldon said:
Created a huge deficit as well.
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Shh!

"Conservatives" only care about that when someone else is in charge. Until then, they are full speed ahead on tax cuts and spend more anyway right to explosive deficits.

And consider, we have this "great great" and "best economy ever" yet we need Trillion dollar deficits to prop it up.
 
Conservative said:
Again, you have no understanding that tax revenue collected by the gov't has NO impact on the federal mandates being paid to the states. You simply are clueless when it comes to federal income taxes and federal mandates. just like you are clueless when it comes to deductions from your federal tax returns. Do you know what a deduction is? Do you not understand that state and local taxes were deductible in their entirety from the Federal Returns until the Trump tax cuts? How do you explain your statement that red states pay less in federal taxes than blue states when high state and local taxes were deductible?

You obviously still have no understanding of what a mandate is, that FIT is paid by income earners and population plays a role in what the state citizens pay in FIT. It probably is shocking to you to know that the most federal tax dollars going to the states goes to the BLUE STATE OF CALIFORNIA!!

http://knowledgecenter.csg.org/kc/system/files/2017_CFFR_Report_3.pdf
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That argument is so terrible it's embarrassing.
 
SouthernDemocrat said:
That argument is so terrible it's embarrassing.
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What is embarrassing is the FACT that you don't understand what a deduction is and how deductions reduce the amount of FIT you pay. I really am embarrassed for you and the radical left has you brainwashed.

Why don't you explain how my post is embarrassing? You cannot seem to grasp that state and local taxes were fully deductible from the Federal tax returns and those high taxed Blue states thus had greater FIT deductions that Red States so how is it that Blue states are paying more in FIT that Red states?

You cannot seem to grasp what funds go back to the state and totally ignored the link as well as the requirement that ALL federal expenses incurred at the state and local level are part of those funds you claim are going back to the Red States. Should Red State taxpayers pay for federal expenses like military bases? You might want to research why retirees are moving to Red States from Blue States!
 
OrphanSlug said:
Shh!

"Conservatives" only care about that when someone else is in charge. Until then, they are full speed ahead on tax cuts and spend more anyway right to explosive deficits.

And consider, we have this "great great" and "best economy ever" yet we need Trillion dollar deficits to prop it up.
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Interest rates are extremely low as well. All those retired and soon to be retired who wish to stay out of the stock market are up a creak.. It also leaves little room to maneuver in case of a recession. Oh well, negative rates like Europe could be interesting. The 10 year at 1.60%, I remember when 3.0% was low. When Reagan was president and rates neared 70% I agree they needed to be cut. But we have gone too far in the opposite direction and its now anathema to raise any kind of tax.
 
Mycroft said:
LOL!!

You just can't accept that people and businesses are doing better since the tax reform, can you? "scraps" LOL!!

No problem. I'll leave you to your unending rage.

You are dismissed. (see my sig)
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Of course small business owner's are happy, the tax cut had special provisions benefiting them. 20% cut for businesses that pass profits through to their income.
 
OrphanSlug said:
Shh!

"Conservatives" only care about that when someone else is in charge. Until then, they are full speed ahead on tax cuts and spend more anyway right to explosive deficits.

And consider, we have this "great great" and "best economy ever" yet we need Trillion dollar deficits to prop it up.
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Conservatives aren't the ones complaining about what someone else earns or pays in taxes. There is no class envy or jealousy among conservatives as that is all your. Trump came into power for four things

1. Improve the economy, CHECK RealClearPolitics - Election Other - President Trump Job Approval - Economy
2. Stopping illegal Immigration- CHECK MINUS Illegal Migration Down Again in November | U.S. Customs and Border Protection
3. Defeating Radical Islamic terrorism- CHECK ISIS Leader eliminated and power base destroyed
4. Prevent foreign countries from exploiting America financially CHECK, Tariffs working and China agreeing to stop manipulating currency and stealing intellectual properties
 
Conservative said:
Conservatives aren't the ones complaining about what someone else earns or pays in taxes. There is no class envy or jealousy among conservatives as that is all your. Trump came into power for four things

1. Improve the economy, CHECK RealClearPolitics - Election Other - President Trump Job Approval - Economy
2. Stopping illegal Immigration- CHECK MINUS Illegal Migration Down Again in November | U.S. Customs and Border Protection
3. Defeating Radical Islamic terrorism- CHECK ISIS Leader eliminated and power base destroyed
4. Prevent foreign countries from exploiting America financially CHECK, Tariffs working and China agreeing to stop manipulating currency and stealing intellectual properties
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1. Economy was already growing when Trump took office. His tax cut stimulus rests on borrowed money passed to tax payers who then have to pay for the interest on the extra debt plus the stimulus didn't work. GDP is down not up.
2. Illegal immigration is currently slower however there are still 10 million undocumented immigrants living and working in this country and he has done virtually nothing about that. His wall is not being paid for by Mexico and he has barely built any of it.
3. He didn't defeat ISIS, the Kurds did, then Trump betrayed them.
4. The tariffs are not working, the economy is slowing, farmers are in dire straits, and there is no indication of any change in China's behavior.
 
manofknowledge;1071346579]1. Economy was already growing when Trump took office. His tax cut stimulus rests on borrowed money passed to tax payers who then have to pay for the interest on the extra debt plus the stimulus didn't work. GDP is down not up.
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WE have been over this and still you post no data to support your claims, the economy was slowing when Trump took office, 1.6% GDP growth and less than 500 billion in dollar growth, down from 2015. You buy what you are told and refuse to do any research, why?

Still trying to figure out what is wrong with you and others. How does keeping more of what you earn cause the gov't to borrow money? Revenue is up as I have pointed out and the following shows. You obviously have no understanding of the budget and buy what the left tells you

US Federal Budget Breakdown


2. Illegal immigration is currently slower however there are still 10 million undocumented immigrants living and working in this country and he has done virtually nothing about that. His wall is not being paid for by Mexico and he has barely built any of it.
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how do you know his wall isn't being paid for by Mexico? where do you think the taxes on Mexico go or the money that isn't going back to Mexico because of the cuts in illegal immigration? You continue to buy what you are told simply because of pure hatred and that doesn't do your credibility any good

3. He didn't defeat ISIS, the Kurds did, then Trump betrayed them.
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LOL, so the Kurds took out the leader of ISIS? You have a very selective memory based upon what you want to believe

4. The tariffs are not working, the economy is slowing, farmers are in dire straits, and there is no indication of any change in China's behavior.
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Old news and partisan spin, the tariffs led to a landmark agreement with China one you want to ignore. You also want to ignore the data being generated by the Trump economy as you never post any. Let me help you understand what the American people think about the Trump economy

There are 10 polls represented here

RealClearPolitics - Election Other - President Trump Job Approval - Economy
 
Bullseye said:
I don't recall him setting any time table on when that was going to happen - he still has five years.
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No way the recipients of those tax cuts will continue to juice the economy that long.

If he wins re-election the party for the rest of us will be over. Our tax cuts will expire on schedule. All those IRA's and such will see their gains evaporate as wall street "corrects".

And the rich will he richer and the poor will be poorer. Which is the republican party's sole raison de etre.
 
Bullseye said:
With all due respect, I don't wish to continue tolerating your insults and blind homage to Obamanomics. A simple observation of the state of the economy and people's satisfaction with it and their personal affairs proves everything I've said. I have nothing further to say to you.
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There's a reason "consumer confidence" includes the same word as "confidence man".

It is psychological and has little to do with economic reality.
 
What if...? said:
There's a reason "consumer confidence" includes the same word as "confidence man".

It is psychological and has little to do with economic reality.
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Thanks for your valuable input; I can't tell you how valuable it is. :roll:
 
Digger said:
Oh no, they didn't. It's almost like giving tax cuts to rich people doesn't help the economy very much.
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Yup, and people ignore the 40 years of history prior to it showing it doesn't help the economy. All it does is line the pockets of the rich
 
Conservative said:
Still seeking attention I see, what a waste of time. anyone that claims that people keeping more of what they earn is an expense to the federal gov't and has to be paid for has zero credibility as they are totally void of even basic accounting and reality

Exaggerations aren't lies, they are predictions designed to make headlines, Think the American people give a damn about 4-5-6% GDP growth or the fact that the Trump GDP Growth is higher than anything Obama ever generated and was created through the private sector not Federal gov't spending? Keep showing that liberal ignorance on the components of GDP and actual results
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You miss the point. The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States;

U.S. National Debt Clock : Real Time
 
What if...? said:
No way the recipients of those tax cuts will continue to juice the economy that long.
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You do know the tax cuts apply every year, right? People will continue to find the extra money in their accounts.
What if …? said:
If he wins re-election the party for the rest of us will be over. Our tax cuts will expire on schedule. All those IRA's and such will see their gains evaporate as wall street "corrects".
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Trump has talked about making tax cuts permanent. With stocks up 69-70% even a correct will still leave significant gains in accounts.
What...if said:
And the rich will he richer and the poor will be poorer. Which is the republican party's sole raison de etre.
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Congratulations - an entire bull**** post.
 
Where is the Tea Party?
 
danielpalos said:
You miss the point. The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States;

U.S. National Debt Clock : Real Time
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I

Hey, I've missed seeing this. Thanks for posting it. :cool:
 
Sampson Simpson said:
Yup, and people ignore the 40 years of history prior to it showing it doesn't help the economy. All it does is line the pockets of the rich
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What do you think they do with that money? Fill their swimming pools with it?

scrooge mcduck.jpg
 
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