Trump Tax Cuts to Expire in 2025

originally posted by: WeMustCare

What's ironic is that it will be DEMOCRATS hammering President Trump and the Republican Congress to extend the puny little tax cuts for another 7 years.

That puny amount for me has been about 6k.

Why does the government push for 15 hour minimum? More Taxes. Do any of you really think it is a live changer now to go from 12 to 15 or even 20 an hour. No.

originally posted by: Annee
a reply to: CriticalStinker
How many jobs will be lost?

Jobs? Most of them (federal work force) are just leeches on the taxpayers.

originally posted by: DBCowboy
The tax cuts are not "puny".

It's MY MONEY!

There weren't really any tax cuts unless you make over $200k a year. Less came out of our checks, but we paid for it when we filed taxes.

a reply to: Xtrozero

If we keep electing the same uniparty they’ll keep increasing spending.

The spending increase has been a constant, there’s been plenty of tax cuts in between.

originally posted by: JinMI
a reply to: CriticalStinker

Unfortunately they have to go up unless congress can reduce spending.

The irony.

Those that are ostensibly there to represent the voters will not, as a long standing principle, not reduce spending and also increase taxes.

It’s the same outcome either way.

One reduces taxes and increases spending, and one increases taxes and spending.

The former forces printing of money which causes inflation (hidden tax), the latter pisses off the public leading to the former. Rinse and repeat. Decades of trends support that theory.

originally posted by: Euronymous2625

originally posted by: DBCowboy
The tax cuts are not "puny".

It's MY MONEY!

There weren't really any tax cuts unless you make over $200k a year. Less came out of our checks, but we paid for it when we filed taxes.

No.

My checks were bigger.

a reply to: CriticalStinker

Which is why the country is in the shape it's in and anyone who bucks that trend...


Well, just visit your local search engine.

originally posted by: DBCowboy
No.

My checks were bigger.

That's what I said.

originally posted by: Euronymous2625

originally posted by: DBCowboy
No.

My checks were bigger.

That's what I said.

No.

My checks were bigger and what I got back after filing taxes was better, though not much but that's because I work with my accountant and make sure I get to keep almost everything.

I hate giving the government a no-interest loan.

originally posted by: matafuchs
Why does the government push for 15 hour minimum? More Taxes. Do any of you really think it is a live changer now to go from 12 to 15 or even 20 an hour. No.

Most Working Americans would Need to Make at Least 30 Dollars an Hour just to Keep Up with this Insane Fooking Deliberately Manipulated Inflation we are seeing Right Now ............

I was happy to get the the tax break, but now I am worried I am going to be hit hard while the wealthy and the corporations have been given permanent protection.

Why couldn’t Trump have made both permanent or at least protected the individual people better?

originally posted by: matafuchs
Why does the government push for 15 hour minimum? More Taxes. Do any of you really think it is a live changer now to go from 12 to 15 or even 20 an hour. No.

12 to 15 is a 20% increase

12 to 20 is a 40% increase

So I’d imagine it would be a difference. Though, we could argue the cost of goods would go up if all employers paid people more.

I was a young adult before Obama. I can tell you the prices of things that mattered at the time.

I could get 80/20 ground beef on sale for 99¢ a pound at the time. A 24 rack of cheap beer for $9.99. A pack of Marlboros (albeit in VA a big producer) for $2.50. Rent was $850 For a decent 1br apartment, $650 all in with utilities if you had roommates.

Rent alone is 1,000 plus utilities if you’re alone, and roommates or family you’re not really getting much of a discount because of single family house prices.

Food is much more, but wages/salary for jobs outside of tech haven’t changed much, or at least at pace with purchasing power.

I myself have done well, and I’m not too worried about my future. But I’d be lying if I said things haven’t gotten worse, or the difference of 20-40% wasn’t a big deal for people living paycheck to paycheck.

SPAM

originally posted by: CriticalStinker

If we keep electing the same uniparty they’ll keep increasing spending.

The spending increase has been a constant, there’s been plenty of tax cuts in between.

It's really about Congress and people just want to reelect the same duds decade after decade, so we do it to ourselves. There isn't anything to bitch about it all as we do not want to change.

How can any person with the intelligence of a potato or greater, choose Joe Biden over any Republican candidate?

www.foxnews.com...

a reply to: CriticalStinker

My point was it does not allow them to break out of the economic cycle they are in. If you have a job and get no assistance from the government you cannot live on 15 an hour. It was for tax purposes. However, most of them can do Sec 9 and get EBT,etc.

A person making 18 did not got to 21. But a person making up too about 23 an hour single with two kids. This is all what you consider lower class now. Imagine a family of four making 50k a year is eligible for EBT and other things.

It is all about killing the middle class. Those people did not get raises but it is their taxes that pay for the benefits that those below them use who ALSO pay taxes.

Bottom line. It is all about taxes. Record Taxes taken in.

I can tell you that with the Trump Tax cuts you could make up to about 17 an hour and you paid no Federal Income Tax. Corporate Tax was also lower but bringing in more because of production and jobs coming back to America. First week Biden got rid of all of it.

When people are living paycheck to paycheck, not living outside their means and making 100k a year there is a major prblem.

Wait till the CC companies cry bankrupt after this Christmas....

originally posted by: WeMustCare
How can any person with the intelligence of a potato or greater, choose Joe Biden over any Republican candidate?

It's interesting they looked at every word or movement Trump made ready to scream the 25th and here we have old Joe... OMFG

People are in total deniability. I know really smart people who still take jabs at Trump, and I just say that with old Joe in office, they have nothing to talk about, and they look at me strangely saying with 100% belief there is nothing wrong with Joe. They say the economy is great, or world politics is fine, the border is perfect, no issues with drugs, homelessness, crime, the woke...it goes on and on.

It's like they are now living in this perfect world as the world burns down around them and they can't see it. There isn't even a debate in it all as they can't even suggest the economy sucks even a little to start something off at least.

originally posted by: matafuchs


My point was it does not allow them to break out of the economic cycle they are in. If you have a job and get no assistance from the government you cannot live on 15 an hour. It was for tax purposes. However, most of them can do Sec 9 and get EBT,etc.

You can easily live on 15 per hour, my first question is why are you only making 15 per hour? Now if you also have 4 kids I might ask why have you been having kids and only make 15 per hour, and so on and so forth, but 15 per hour is doable.

originally posted by: Euronymous2625
There weren't really any tax cuts unless you make over $200k a year. Less came out of our checks, but we paid for it when we filed taxes.

Can you show me the math on that?