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bigalbert 06-19-2023 02:52 PM

Quote:

Originally Posted by AlwaysSunnyinIndy (Post 268153)
I agree that it wasn't in the thousands, but it was definitely more than "only about 100 documents."

I find it funny that you complain about others not being 100% accurate and then follow that up with inaccurate statements yourself. Much like your earlier comments about the tax cuts.


You’re wrong about the tax cuts but you wouldn’t admit it if you were.
https://uploads.tapatalk-cdn.com/202...1275a4f079.jpg


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AlwaysSunnyinIndy 06-19-2023 03:05 PM

Quote:

Originally Posted by bigalbert (Post 268165)
You’re wrong about the tax cuts but you wouldn’t admit it if you were.
https://uploads.tapatalk-cdn.com/202...1275a4f079.jpg


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I am wrong about the tax cut?

You were the one who stated:

Quote:

Trump tax cuts benefited the middle class more than any other cut in history

I asked for you to find any article to support that claim - and you haven't been able to find one.

This is the third time that you have tried - and you still haven't found anything to support your statement.


Again, I am not disputing that the Trump tax cut provided reductions across many different income levels.

What I am disputing is that this was the biggest middle class tax cut in history - which you presented as a "fact."

JAFF 06-19-2023 04:11 PM

Quote:

Originally Posted by AlwaysSunnyinIndy (Post 268158)
Your statement would have been more accurate if you wrote that Trump hoarded hundreds of classified documents, not thousands.

It was definitely more than "only about 100"

https://apnews.com/article/biden-cla...c1c5e227b1da53

Sorry about the thousands. I was thinking about total pages. Its a lot of boxes.

bigalbert 06-20-2023 10:31 AM

Quote:

Originally Posted by AlwaysSunnyinIndy (Post 268166)
I am wrong about the tax cut?

You were the one who stated:




I asked for you to find any article to support that claim - and you haven't been able to find one.

This is the third time that you have tried - and you still haven't found anything to support your statement.


Again, I am not disputing that the Trump tax cut provided reductions across many different income levels.

What I am disputing is that this was the biggest middle class tax cut in history - which you presented as a "fact."


It was for me in my lifetime. So it’s a fact for me I guess. If you like higher taxes then so be it. I’m dam sick of this “temporary” tax.


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JAFF 06-20-2023 05:13 PM

Quote:

Originally Posted by bigalbert (Post 268200)
It was for me in my lifetime. So it’s a fact for me I guess. If you like higher taxes then so be it. I’m dam sick of this “temporary” tax.


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Make it simple, flat tax on everything. Rich people have more money, they get to pay more.

No more crazy ass exceptions. Less paperwork, that means the IRS shrinks. Simplify the tax code, let the rich carry a burden they can afford.

Racehorse 06-20-2023 05:14 PM

Quote:

Originally Posted by JAFF (Post 268223)
Make it simple, flat tax on everything. Rich people have more money, they get to pay more.

No more crazy ass exceptions. Less paperwork, that means the IRS shrinks. Simplify the tax code, let the rich carry a burden they can afford.

I could get behind a flat tax. I would agree to replacing it with a national sales tax, except it would erode the 401k accounts of retirees.

JAFF 06-20-2023 05:48 PM

Quote:

Originally Posted by Racehorse (Post 268224)
I could get behind a flat tax. I would agree to replacing it with a national sales tax, except it would erode the 401k accounts of retirees.

There maybe some financial items, like 403 B, for educators that will require a grandfathering or adjustments so they are not harmed. That is a job of the financial minds of the nation.

Here is the crazy part of a flat tax. Successful people are punished for being successful. Go onto IMBD, and look at the number of movies the best actors made from the 30s into the 60s. You will see that they never made more than 4 movies in a year. If you did, all that money from the fifth movie went to taxes. There needs to be a mechanism took take the govt cut and allow the successful to see the rewards of their efforts.

omahacolt 06-20-2023 07:33 PM

Quote:

Originally Posted by JAFF (Post 268223)
Make it simple, flat tax on everything. Rich people have more money, they get to pay more.

No more crazy ass exceptions. Less paperwork, that means the IRS shrinks. Simplify the tax code, let the rich carry a burden they can afford.

absolutely not on the flat tax

Racehorse 06-20-2023 09:38 PM

Quote:

Originally Posted by JAFF (Post 268229)
There maybe some financial items, like 403 B, for educators that will require a grandfathering or adjustments so they are not harmed. That is a job of the financial minds of the nation.

Here is the crazy part of a flat tax. Successful people are punished for being successful. Go onto IMBD, and look at the number of movies the best actors made from the 30s into the 60s. You will see that they never made more than 4 movies in a year. If you did, all that money from the fifth movie went to taxes. There needs to be a mechanism took take the govt cut and allow the successful to see the rewards of their efforts.

It would be impossible to have a sales tax that would not undo the tax advantages of Roth IRAs. Seniors would feel the biggest impact.

I know most disagree with this idea, but social security needs to be more fair when it comes to taxation and benefits. The upper cap on how much income is taxed is too low, and the idea that Bill Gates would receive social security is ludicrous.

JAFF 06-20-2023 09:45 PM

Quote:

Originally Posted by Racehorse (Post 268239)
It would be impossible to have a sales tax that would not undo the tax advantages of Roth IRAs. Seniors would feel the biggest impact.

I know most disagree with this idea, but social security needs to be more fair when it comes to taxation and benefits. The upper cap on how much income is taxed is too low, and the idea that Bill Gates would receive social security is ludicrous.

Who knew the economy would go so high after what happened in the 1930’s and the depression?

Racehorse 06-20-2023 10:08 PM

Quote:

Originally Posted by JAFF (Post 268240)
Who knew the economy would go so high after what happened in the 1930’s and the depression?

Not sure how this is relevant, but okay

JAFF 06-21-2023 09:42 AM

Quote:

Originally Posted by Racehorse (Post 268241)
Not sure how this is relevant, but okay

Yeah, it was a fail.

AlwaysSunnyinIndy 06-22-2023 12:56 PM

Quote:

Originally Posted by bigalbert (Post 268200)
It was for me in my lifetime. So it’s a fact for me I guess. If you like higher taxes then so be it. I’m dam sick of this “temporary” tax.


But are you making a good comparison between this latest tax cut and the previous reductions?


Sure, the $3700 tax reduction for you may have been the "largest" from a dollars/cents standpoint.

But if you wish to compare this tax reduction to the prior tax reductions during your lifetime, you should calculate the % reduction in taxes for each tax cut - because I doubt that your earnings / tax liability remained fixed and was the same over the last 20 or 30 or 40 years.

And unless you have some type of life event happen - going full time to part time, changing careers, etc - the money you earned and tax liability was probably the highest during this last tax reduction vs the prior tax reductions.

So unless you went back and calculated the % reductions for every single tax cut during your lifetime, your comment doesn't really mean that much because if you had the highest earnings with the highest tax liability (when compared to prior years), then it makes sense that the "largest" reduction from a dollars/cents perspective was from this latest tax cut.


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