It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Thank you.
Some features of ATS will be disabled while you continue to use an ad-blocker.
originally posted by: JinMI
a reply to: BubbaJoe
Whether its (R) (D) (I) (C) (G) in that office, the rich will still get richer and the poor will stay there or fall lower in their bracket. Per your posts, your a tax man, you should understand this better than anyone. Every facet of income is subject to tax and everything keeps going up in price.
originally posted by: ValentineWiggin
a reply to: Annee
You can read it here
www.donaldjtrump.com...
That comes on top of a massive job loss
originally posted by: ketsuko
a reply to: Vector99
1% economic growth is bad. That's about what we've been averaging. That comes on top of a massive job loss. So lots of folks lost jobs and then we haven't been gaining them faster than we've been gaining new workers.
That's bad.
If we don't change that, the economy will bottom out because we keep subsidizing the ones who can't find work off the backs of the ones who are working. How long do you think working families and businesses can keep addiing extra, unproductive mouths to their bills before they are out of job or out of business? It's a death spiral.
That's Obama.
originally posted by: Teikiatsu
I'm voting for Trump because I believe he will downsize government, reduce overall spending, and reduce regulations.
I have no illusions about Trump's constitutional knowledge. It ain't much.
I like his list of judicial nominees.
After that, I like that the cocktail Republican establishment hates him.
originally posted by: BubbaJoe
originally posted by: ketsuko
a reply to: Vector99
1% economic growth is bad. That's about what we've been averaging. That comes on top of a massive job loss. So lots of folks lost jobs and then we haven't been gaining them faster than we've been gaining new workers.
That's bad.
If we don't change that, the economy will bottom out because we keep subsidizing the ones who can't find work off the backs of the ones who are working. How long do you think working families and businesses can keep addiing extra, unproductive mouths to their bills before they are out of job or out of business? It's a death spiral.
That's Obama.
No that is Bush, I think Obama's job numbers have grown almost every month. This recession wasn't Obama, we can lay this one at Bush's feet.
originally posted by: JinMI
a reply to: BubbaJoe
Exactly my point. You, me and I would assume most of ATS spends a very large chunk of their income for mostly sustaining reasons, if not all. Leaves very little room to have money for a retirement plan or investments. But oh hey, as long as were buying overpriced junk, corporations are happy. Banks are happy.
I am not happy.
originally posted by: ketsuko
originally posted by: BubbaJoe
originally posted by: ketsuko
a reply to: Vector99
1% economic growth is bad. That's about what we've been averaging. That comes on top of a massive job loss. So lots of folks lost jobs and then we haven't been gaining them faster than we've been gaining new workers.
That's bad.
If we don't change that, the economy will bottom out because we keep subsidizing the ones who can't find work off the backs of the ones who are working. How long do you think working families and businesses can keep addiing extra, unproductive mouths to their bills before they are out of job or out of business? It's a death spiral.
That's Obama.
No that is Bush, I think Obama's job numbers have grown almost every month. This recession wasn't Obama, we can lay this one at Bush's feet.
I didn't blame the recession on Obama. I blamed the crap recovery on him. Keep up.
originally posted by: ketsuko
a reply to: BubbaJoe
He wants to cut taxes across the board. Do you have tax liability? Then you will be paying less.
Why do you hate people who have more than you so much that you want a cut for yourself but can't stand the thought that they might get a cut too?
originally posted by: JinMI
a reply to: BubbaJoe
Trump and Clinton both share in the sentiment that if you ease up on their tax burden that they will in turn, turn that capital into jobs. THIS IS NOT THE CASE EVER! Happen to see the forfeiture of the Wells Fargo exec and his 41M?
My simplistic mind says if they are in fact "reigned in" and have a higher tax burden, the will turn that on the consumer or end user. If they are not and are free to make more money and work the market to raise prices they will reap the rewards.
In both cases middle and lower class loses.
originally posted by: Zanti Misfit
a reply to: MrSensible
One Reason that stands out the Most . Reducing the Capital Gains Tax from 35 Percent to 15 Percent . The Projected Economic Growth if Mr. Trump as President did that would see the U.S. Economy Grow Between 3.4 to 4.5 Percent Annually . We are talking about Trillions of Dollars there .
-Hillary
She said that as President she would look for responsible ways to do even more than the great start we’ve seen from the Obama administration – whether it’s providing tax cuts to new parents or grants to states targeted for infants and toddlers.
Trump
Americans will be able to take an above-the-line deduction for children under age 13 that will be capped at state average for age of child, and for eldercare for a dependent. The exclusion will not be available to taxpayers with total income over $500,000 Married-Joint /$250,000 Single, and because of the cap on the size of the benefit, working and middle class families will see the largest percentage reduction in their taxable income. The childcare exclusion would be provided to families who use stay-at-home parents or grandparents as well as those who use paid caregivers, and would be limited to 4 children per taxpayer. The eldercare exclusion would be capped at $5,000 per year. The cap would increase each year at the rate of inflation.
The Trump Plan would offer spending rebates for childcare expenses to certain low-income taxpayers through the Earned Income Tax Credit (EITC). The rebate would be equal to 7.65 percent of remaining eligible childcare expenses, subject to a cap of half of the payroll taxes paid by the taxpayer (based on the lower-earning parent in a two-earner household). This rebate would be available to married joint filers earning $62,400 ($31,200 for single taxpayers) or less. Limitations on costs eligible for exclusion and the number of beneficiaries would be the same as for the basic exclusion. The ceiling would increase with inflation each year.
All taxpayers would be able to establish Dependent Care Savings Accounts (DCSAs) for the benefit of specific individuals, including unborn children. Total annual contributions to a DCSA are limited to $2,000 per year from all sources, which include the account owner (parent in the case of a minor or the person establishing elder care account), immediate family members of the account owner, and the employer of the account owner. When established for children, the funds remaining in the account when the child reaches 18 can be used for education expenses, but additional contributions could not be made.
To encourage lower-income families to establish DCSAs for their children, the government will provide a 50 percent match on parental contributions of up to $1,000 per year for these households. When parents fill out their taxes they can check a box to directly deposit any portion of their EITC into their Dependent Care Savings Account. All deposits and earnings thereon will be free from taxation, and unused balances can rollover from year to year.