The American Middle-Class is Shrinking

ChesusRice said:
So taking away my deduction for mortgage interest is not a tax hike?
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It depends. The answer to this question is dependent upon the actual implementation of a new tax law.

To be clear, I have a couple of horses in this race, ie, two homes where the deduction is applicable. And keep in mind the home mortgage deduction does not apply to investment props under sch e. So what happens there?

My point is that candidates don't make law and neither do presidents. Because the whole process is so dysfunctional I find it difficult to believe any serious tax reform will happen during this next round.
 
god1 said:
It depends. The answer to this question is dependent upon the actual implementation of a new tax law.

To be clear, I have a couple of horses in this race, ie, two homes where the deduction is applicable. And keep in mind the home mortgage deduction does not apply to investment props under sch e. So what happens there?

My point is that candidates don't make law and neither do presidents. Because the whole process is so dysfunctional I find it difficult to believe any serious tax reform will happen during this next round.
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Reagan got rid of the credit card interest deduction.
That was also not a tax hike
 
ChesusRice said:
Then why was letting the Bush tax cuts that had an expiration date expire called a tax Hike?
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Definately shouldn't have been.

Republican politicians ARE retarded tho, they just hide it less well than Democrat politicians.

It's 90% about sniping each other and less than 10% about actual common sense policy.
 
Harrekin said:
Definately shouldn't have been.

Republican politicians ARE retarded tho, they just hide it less well than Democrat politicians.

It's 90% about sniping each other and less than 10% about actual common sense policy.
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"Common sense policy" doesn't exist anymore. It went out the window when republicans started voting against their own ideas when Obama became the POTUS.
 
bearkat42 said:
"Common sense policy" doesn't exist anymore. It went out the window when republicans started voting against their own ideas when Obama became the POTUS.
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WTF?!

Washington has been catering to the fattest wallet in town for decades- the only difference nowadays is how blatant and entrenched it is.

It's made prefect sense the whole time, once it's viewed through the lens of the highest bidder- errr, 'largest donor'.
 
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NLXSK1 said:
And you dont understand if we had a flat tax code for individuals and corporations of say 20% then businesses would not have any incentive to donate to either party's campaigns regarding the tax code. You do not understand that?
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You have a fundamental misunderstanding of how tax codes or campaign finance works

ctj_tax_chart-jpg.preview.jpg


http://ctj.org/ctjreports/2011/06/t..._in_profits_reap_624_billion.php#.VmyRLUq2m70

If all they want is a 20% flat tax (or something similar), then why do they still spend billions lobbying congress when they get a negative tax rate?

Here's a list of the top 100 donors for 2012: https://www.opensecrets.org/orgs/list.php

According to your reasoning, since those twelve corporations receive a negative effective tax rate, none of them should make that second list because they would have no other reason to lobby congress


You go down the list and see for yourself

They lobby congress because they expect to get something back for their investment. How the hell do you think they end up paying no taxes and receiving huge government subsidies in the first place? Do congressmen just grant that sort of shit out of the kindness of their hearts?


You're the one that has the solution to the problem completely backwards
 
Good Question,

Why do congressmen give out these perks? You dont think they have kind hearts right? But you dont hold them accountable. Again, why is that?

Yes, your solution is for a bunch of lawyers to make laws that hurt their efforts to get re-elected. And you are soooo disappointed when they dont do it... Maybe I should call you Charlie Brown.
 
NLXSK1 said:
Why do congressmen give out these perks?
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Because corporate interests pay them to in the form of campaign contributions

-special interests pay politicians "campaign contributions"

then

-politicians then give gov. subsidies to those special interests at the expense of the American people

Therefore, the obvious solution is to limit or eliminate the ability of special interests to corrupt the democratic process in that way by eliminating the 'corporations are people' loophole created by Citizens United and enacting a 28th amendment to the constitution to ensure it can't happen again


Your pea-brained solution of "just give everyone a regressive tax code, that'll solve it!" is beyond retarded and doesn't actually solve a goddamned thing
 
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