TAXES - A Question for those who have completed.
gorgehiker wrote:
The huge deficit is a problem that all Americans should be concerned about. It is a debt that is owed by every Democrat and every Republican. Both parties are responsible for accumulating the debt. The problem will not be solved by pointing fingers at each other!
I sure as hell hope you are not just singling me out and you are telling everyone who is complaining about Trump spending too much. Then I hope you will make a pointed effort to tell the Liberals who seem to be going along with the stupidity of AOC wanting to correct every known and perceived wrong in nature in her misguided attempts to make the world a better place, the Liberal Democratic Utopia which I hope will never exist.
So yes I do agree with you but don't waste your time telling just me. You had better make it a general announcement without using my name. That is stupid and rude of you. At least, if you are singling me out, be kind enough to mention I am exactly right in that Obama spend more money than every other President combined since George Washington.
Dennis
ricardo7 wrote:
Last year Trump promised tax cuts for many middle income
Americans as part of his tax reform program. However, I've
seen many articles that have stated that the tax cuts are not
panning out and people are paying more taxes than before.
By now, many people on this forum have completed their tax
returns. What has been your experience. Did you indeed receive
a tax reduction or not.
I’m comfortably retired and have my taxes prepared by my CPA. The Ryan/Trump/republican tax cut cost me an additional $2000 this year. This comes as the deficit has grown to $22 TRILLION.
LWW wrote:
Sadly many Americans think their refund is a gift from the gubmint.
Almost 47% of Americans do not pay any income tax.
LWW wrote:
Sadly many Americans think their refund is a gift from the gubmint.
What we hear sometimes after asking
" How much taxes you paid?" the answer typical of AOC "
I didn't just get my check from them
Received the tax deduction earlier in the year.
If you applied for ssi and then found a job there is a one time thing. You give back all the money they gave you and reset the whole process as if you never started. Then pick a date to start taking benifit again
Sidwalkadtronomy wrote:
If you applied for ssi and then found a job there is a one time thing. You give back all the money they gave you and reset the whole process as if you never started. Then pick a date to start taking benifit again
The way that my jobs have ended up being short term over the last 6.5 years, I'm actually better off letting the payments ride.
If my unemployment benefits run out again, I'll only have to reapply again. It's one if the requirements of applying for State assistance in NH. You have to exhaust your retirement benefits before the state will work with you on things like Senior Housing assistance.
For the first year of SS Benefits, you don't have any limits on your earnings before you get hit with the "penalty" where they take $0.50 of your benefits away for every $1.00 earned above $17,xxx (I can't remember the exact figure) until you turn your full retirement age. Then with your additional earnings, and what they took away, your benefits are recalculated to a higher figure.
I was going to stop the SS payments last year, until I looked at how often my work "contracts" end and I find myself job hunting again. I decided that I was better off if I just let the checks keep coming. What I don't know is what will happen when I do have to apply for unemployment benefits. The earliest that will happen is in April.
LWW
Loc: Banana Republic of America
gorgehiker wrote:
While we rejoice over lower taxes, the national debt continues to escalate which weakens our country.
Where were you from 2009-16?
Plus, lower rates have generated more revenue ... we both know this.
The problem is that when you feed the state more money it spends it.
We have a spending problem and not a revenue problem.
At 65 those rates change to 1 back for every 3 earnèd instead 1 back for 2.
gorgehiker wrote:
The huge deficit is a problem that all Americans should be concerned about. It is a debt that is owed by every Democrat and every Republican. Both parties are responsible for accumulating the debt. The problem will not be solved by pointing fingers at each other!
Where was your concern when obummer put us in debt?????
Sidwalkadtronomy wrote:
At 65 those rates change to 1 back for every 3 earnèd instead 1 back for 2.
I'm well aware of that, but I still have 22 months to go before I get to that point.
FYI, if you use the "Quote Reply" button under a comment, we'll know who you're responding to.
LWW wrote:
... We have a spending problem and not a revenue problem.
And who created that "spending problem"?
Congress!
Who signed the legislation into law?
The President!
When was the last time that the budget produced a surplus?
2001
Who was the President in 2001?
Bill Clinton!
LWW
Loc: Banana Republic of America
Shutterbug1697 wrote:
And who created that "spending problem"?
Congress!
Who signed the legislation into law?
The President!
When was the last time that the budget produced a surplus?
2001
Who was the President in 2001?
Bill Clinton!
Try again.
Yes congress passes the budget, which the president can’t sign unless congress passes it.
Both are at fault and both parties are at fault, that you can’t see that is only proof of your serfdom.
Back to the Clinton era surplus ... pure mythology. The national debt rose each snd every year of the Clinton regime.
The deficit was lowered under Clinton because congress forced it upon him. He opposed it at every step, and has taken credit for the results ever since.
BTW, the last honest surplus was in 1957.
Call me on it. PLEASE.
wooden_ships wrote:
I’m comfortably retired and have my taxes prepared by my CPA. The Ryan/Trump/republican tax cut cost me an additional $2000 this year. This comes as the deficit has grown to $22 TRILLION.
Do you realize that you are being irrational. On the one hand you are complaining that your taxes have gone up. On the other hand you are claiming that Trump's tax cuts have contributed to the national debt.
You can't have it both ways. Either there was a tax cut which has impacted the national debt, or people are actually paying more in taxes, which would mean that Trump's tax reform has nothing to do with the national debt.
In the first place tax cuts have nothing to do with debt. Debt is solely a product of spending. Stop spending and the debt goes away. In the second place, where were you during the eight years of the Obama Administration where runaway spending was far beyond what it is now?
Yes, we are spending too much. Yes, the new tax plan has winners and losers, as do all tax plans. However, it is spending that is the big problem, not the "tax cut", and if you think that removing Trump and putting in someone like Ocasio-Cortez is going to slow spending then you are crazy.
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