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Thread: The new tax plan ?

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    Default The new tax plan ?

    Is this the start of another plan that isn't finished before it's presented to the public ( and possibly congress ) and subject to changes and additions ?
    I will wait a little longer before I decide, but initially it looks to favor the wealthy and corporate America, not the middle class.
    Besides, why present a plan that isn't finished ?
    Incomes ranges for tax brackets aren't specified.
    Vague promises on retirement savings.
    Etc.

    This article is not the definitive story, but only outlines some of the proposal.

    On February 9, President Donald Trump told a gathering of manufacturing CEOs at the White House he would release something in "two or three weeks" that would be "phenomenal in terms of tax."

    Almost eight months later, that tax plan is finally here — most of it, at least.
    Key elements are still missing from the plan to avoid early pressure from industry groups and lobbyists.
    I am sure this thread will receive a lot of interest.


    Trump tax reform plan: Corporate rate, individual rate, deductions - Business Insider
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    Default Re: The new tax plan ?

    No interest for me..

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    Default Re: The new tax plan ?

    I will be waiting to see what is contained before I pass judgement. Vague information is not on the list of positives.

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    Default Re: The new tax plan ?

    I laughed so hard I almost fell out of my chair !
    I listened as Gary Cohn talked about the tax plan.
    He said with that ( WOW ) $1000 the average middle class family saves under the new tax plan ... they could remodel their kitchen
    Cohn said that tax break would up the standard of living for Americans and generate growth.

    "If we allow a family to keep another thousand dollars of their income, what does that mean? They can renovate their kitchen, they can buy a new car, they can take their family on vacation, they can increase their lifestyle."
    Please show me that kitchen remodel ... or the new car for a $1000.

    Yep ... clueless, out of touch with reality, and basically, an idiot.

    Besides, without the income limits in place to identify the tax bracket's, how can he even say how much any income earner would save ?

    https://www.cnbc.com/2017/09/28/gary...tax-break.html

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    Default Re: The new tax plan ?

    Now this is actually what I believe.
    Gary Cohn, the chief White House economic adviser, said Thursday that he "can't guarantee" middle-income families won't pay more in taxes under the new Republican tax proposal.

    "I can't guarantee anything. You can always find a unique family somewhere," Cohn told ABC's George Stephanopoulos in an interview that aired Thursday morning. Cohn said the tax proposal was "purely aimed at middle-class families."
    Words of wisdom from the silver spoon elitist. Another of the Goldman Sachs swamp creatures, who's net worth exceeds 200 MILLION.

    If they are cutting taxes, then it should be easy to say what, and who benefits from any cut.


    Gary Cohn on Trump tax plan, reform: 'Can't guarantee' no-middle class increases - Business Insider
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    Default Re: The new tax plan ?

    Quote Originally Posted by fxstc07 View Post
    I laughed so hard I almost fell out of my chair !
    I listened as Gary Cohn talked about the tax plan.
    He said with that ( WOW ) $1000 the average middle class family saves under the new tax plan ... they could remodel their kitchen

    Please show me that kitchen remodel ... or the new car for a $1000.

    Yep ... clueless, out of touch with reality, and basically, an idiot.

    Besides, without the income limits in place to identify the tax bracket's, how can he even say how much any income earner would save ?

    https://www.cnbc.com/2017/09/28/gary...tax-break.html
    Yeah you can say it was funny.. The guy most likely doesn't have a clue what a Kitchen costs today..

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    Default Re: The new tax plan ?

    Quote Originally Posted by fxstc07 View Post
    Now this is actually what I believe.


    Words of wisdom from the silver spoon elitist. Another of the Goldman Sachs swamp creatures, who's net worth exceeds 200 MILLION.

    If they are cutting taxes, then it should be easy to say what, and who benefits from any cut.


    Gary Cohn on Trump tax plan, reform: 'Can't guarantee' no-middle class increases - Business Insider
    The headline from this story is very misleading.. I watched the video more than a few times.. Here is the headline.

    Gary Cohn 'can't guarantee' Trump's tax plan will lower taxes for middle class


    During the video he NEVER said that.. Stephanopoulos was more interested if the so called wealthy would get a tax cut and the answer was NO.. But being the Clinton ass wiping liberal he is he pressed on about tax cuts for the wealthy..

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    Default Re: The new tax plan ?

    Quote Originally Posted by crazy View Post
    The headline from this story is very misleading.. I watched the video more than a few times.. Here is the headline.

    Gary Cohn 'can't guarantee' Trump's tax plan will lower taxes for middle class


    During the video he NEVER said that.. Stephanopoulos was more interested if the so called wealthy would get a tax cut and the answer was NO.. But being the Clinton ass wiping liberal he is he pressed on about tax cuts for the wealthy..
    The wealthy, under this plan, most certainly will get a tax cut.
    Anytime you eliminate a tax for people with over 5.3 million dollars, it is a tax cut.
    They were wealthy before the tax plan, and their heirs will be wealthy afterwards too.

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    Default Re: The new tax plan ?

    Quote Originally Posted by fxstc07 View Post
    The wealthy, under this plan, most certainly will get a tax cut.
    Anytime you eliminate a tax for people with over 5.3 million dollars, it is a tax cut.
    They were wealthy before the tax plan, and their heirs will be wealthy afterwards too.
    Personally I don't believe in the estate tax and I don't care how much one is worth. That money for the most part has already been taxed.. Now if I was to make a few good investments and left my kids with six million I don't think the government should take nearly half of it.. That is nothing more than a feather tax.. And I know there are many on here that will say they don't care because it won't affect them but that is IMO just plain jealously..
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    Default Re: The new tax plan ?

    Quote Originally Posted by crazy View Post
    Personally I don't believe in the estate tax and I don't care how much one is worth. That money for the most part has already been taxed.. Now if I was to make a few good investments and left my kids with six million I don't think the government should take nearly half of it.. That is nothing more than a feather tax.. And I know there are many on here that will say they don't care because it won't affect them but that is IMO just plain jealously..
    Do you know if it has been taxed ?
    This is why you should care.
    You and I pay while the wealthy avoid paying on their fair share.
    Rich individuals and their families have as much as $32 trillion of hidden financial assets in offshore tax havens, representing up to $280 billion in lost income tax revenues, according to research published on Sunday.
    https://www.reuters.com/article/us-o...86L03U20120722

 

 
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