"trader_4" wrote in message
...
On Saturday, March 2, 2019 at 4:47:58 PM UTC-5, Rod Speed wrote:
wrote in message
...
On Sat, 2 Mar 2019 12:42:05 -0800 (PST), trader_4
wrote:

On Saturday, March 2, 2019 at 1:41:35 PM UTC-5, wrote:
On Sat, 2 Mar 2019 11:33:35 -0600, Mark Lloyd
wrote:

On 3/1/19 7:48 PM, Clare Snyder wrote:

[snip]

Whatever happened to "government of the people, by the people,
and
for the people" - I might have gotten the order wrong but - - - -

There is NO "the people". Some will always be left out, like all
those
who did NOT vote for Trump.

I didn't vote for Trump (Gary) but I wasn't left out of the tax cut.
It saved me about $600 compared to running the same return on the
2017
tax code.

Yes, and now the budget deficit, which was down to just $580 bil when
Trump
took office, is on track to be ~$1 tril this year, with total debt
exceeding
$22 tril. Trillion dollar deficits in a decent, expanding economy.
Nice work by Trump and I hope you enjoy your tax cut that someone
will have to pay for before too much longer. I'm sure Trump is
enjoying
his
tax cut and doesn't give a damn. Cohen related how in 2008 as Trump
was
cutting staff salaries by half, he was enjoying his $10 mil tax refund
and
commenting on how stupid the govt was to give it to him. So much for
today's
"conservatives" too. Obviously deficits only matter when Democrats run
them.


You never heard me say the tax cut was a good idea, I am just pointing
out it actually was a cut for a lot of working class people. Too bad
if you live in one of those high SALT states that didn't vote for
Trump.

Personally I would go for an across the board 2%
surtax on EVERYONE's taxes (based on your gross),

Basing on the gross has real downsides particularly with
small business that isnt operating as a corporate. They
end up paying a lot more than the average wage slave
and many of them don't necessarily have a higher
living standard than the average employee.

That's pure BS.

We'll see...

A small business today that isn't a
corporation isn't taxed on it's gross.

Thats what he was proposing the 2% surtax on, stupid.

It's taxed on it's net INCOME, which is passed through to the
owner. Business grosses $300K, has expenses of $200K, owner
has unadjusted taxable income of $100K. Then it's adjusted for
exemptions, deductions, etc. Final adjusted taxable income is $75K.

Thats not his GROSS, stupid.

A new additional 2% income tax like Fretwell is
proposing would hit them with a new tax of $1500,

Nope, $60K, thats 2% of his GROSS, stupid.

just like it would someone who earns $75K from a job.

Nope, because that wage slave has a gross of $75K, stupid.

meaning a lot of people who don't
pay any at all would have to chip in.

But its far from clear if it makes any sense to be making
those whose entire income is benefits or the aged pension
to be handing back 2% of what the govt has just given them.

I would only stipulate that every dime go to paying down the debt.

That doesn't necessarily make sense either in times of
severe recession when the govt has to pay out a lot
more to those who are temporarily between jobs etc.

It doesn't make any sense right now. The current deficit is ~$1 tril.
To pay down the debt, this new small tax increase would have to
generate over $1 tril in new revenue, which it can't. All it would
do is slightly lower the horrific deficits, the national debt would
keep increasing.

Again, just the simplest of facts.

You couldnt even work out what the word GROSS means.