Isn't it false to say that the new tax laws will hurt most people is states like NJ?

[Jezcoe]

@calirepub

@Eagle-Keeper

@calirepub

Do you feel you’re entitled to lower taxes than I do because you chose to have children?

I don’t feel entitled to anything. Furthermore tax advantages for families has been part of tax laws for decades and has been supported by BOTH parties and even more so by Democrats. Are you not aware of that.

I just don’t feel we should be exploding the deficit so that breeders can get a tax break. I’m fiscally responsible in my own life (part of the reason I don’t have children). I expect more out of our government. It makes me cringe when certain people laud policies which actively damage our society, simply because it benefits them in the short term.

Boy oh boy do I agree with that one.

I have come to realize that there is a large segment of the citizenry that wants all of the niceties that come with civilization but they don’t want to have to pay for it.

[Jezcoe]

@Eagle-Keeper

@Jezcoe

Borrowing a TRILLION AND A HALF DOLLARS from the future so you can get a small chunk of it is really really easy for the GOP to do when they are in power.

Once they are out of power the drumbeat of deficit spending will be heard even louder than last time.

I respect everyone who has a concern about the deficit. But the purpose of this thread was to discuss whether the new tax laws was going to hurt people in states like NJ.

In the short term… no.

In the long term… you bet it will.

[Eagle-Keeper]

@Jezcoe

In the short term… no.

In the long term… you bet it will.

Are you heavily invested in gold?

[WuWei]

@PAmoderate37

And? You got to deduct additional money from what is taxable than your childless neighbor is not allowed to simply for having kids.

Heck, personally I am not against a child tax credit, but I do call it what it is, a socialist policy. Just proves my point that we have been a socialist country since all of us been a live and we just fight over how much and what kind of socialism is acceptable.

All tax law is socialist, including taxes themselves.

[calirepub]

@Eagle-Keeper

@Jezcoe

In the short term… no.

In the long term… you bet it will.

Are you heavily invested in gold?

I thought everyone here did that. I’ve been hearing that I should invest in gold for ages now from the talk radio man.

[Eagle-Keeper]

@Jezcoe

Boy oh boy do I agree with that one.

I have come to realize that there is a large segment of the citizenry that wants all of the niceties that come with civilization but they don’t want to have to pay for it.

What state do you live in and what are your taxes? NJ residents pay heavily in taxes.

[PAmoderate37]

@WuWei

All tax law is socialist, including taxes themselves.

Cool! just makes my point stronger! Once people accept that socialism actually exists in American then maybe we can have an actual rational discussion on what kind and how much.

[Jezcoe]

@Eagle-Keeper

@Jezcoe

In the short term… no.

In the long term… you bet it will.

Are you heavily invested in gold?

Real estate.

Because of the new tax law really really really rewards passive ownership of rental generating income and shifts more burden on to selling ones labor, I have in the past year become the proud owner of three separate LLC’s to take as much advantage of the tax law as possible.

Is it stupid? Yes.

And the vague rules that were pushed through without any hearings or details is going to be a real mess for a very long time.

[calirepub]

@Jezcoe

Because of the new tax law really really really rewards passive ownership of rental generating income and shifts more burden on to selling ones labor, I have in the past year become the proud owner of three separate LLC’s to take as much advantage of the tax law as possible.

I wish I could do that. I wouldn’t even know where to start. Probably would be impossible though given my income, even with a GI loan.

[Jezcoe]

@Eagle-Keeper

@Jezcoe

Boy oh boy do I agree with that one.

I have come to realize that there is a large segment of the citizenry that wants all of the niceties that come with civilization but they don’t want to have to pay for it.

What state do you live in and what are your taxes? NJ residents pay heavily in taxes.

NYC with property in Maine.

So yeah… I pay taxes. My problem is that the taxes haven’t been allocated to infrastructure projects adequately for a very long time… so the city was falling apart before Sandy… Sandy really exposed just how bad the infrastructure has become.

[calirepub]

We haven’t really invested in infrastructure like we could have. Think about what the government could have done with more tax revenue.

[zantax]

@calirepub

We haven’t really invested in infrastructure like we could have. Think about what the government could have done with more tax revenue.

Or maybe they invade Iraq with it instead.

[calirepub]

@zantax

@calirepub

We haven’t really invested in infrastructure like we could have. Think about what the government could have done with more tax revenue.

Or maybe they invade Iraq with it instead.

Too bad the Supreme Court decided to throw the election to the guy who had daddy issues.

[WuWei]

@PAmoderate37

Cool! just makes my point stronger! Once people accept that socialism actually exists in American then maybe we can have an actual rational discussion on what kind and how much.

That has been the actual discussion for over 230 years and it will never be rational.

[mobulis]

@WuWei

@PAmoderate37

And? You got to deduct additional money from what is taxable than your childless neighbor is not allowed to simply for having kids.

Heck, personally I am not against a child tax credit, but I do call it what it is, a socialist policy. Just proves my point that we have been a socialist country since all of us been a live and we just fight over how much and what kind of socialism is acceptable.

All tax law is socialist, including taxes themselves.

Except its not.

[Eagle-Keeper]

@Jezcoe

NYC with property in Maine.

Would you agree that most people in NY and NJ are not going to be hurt by the new tax law?

[WuWei]

@calirepub

We haven’t really invested in infrastructure like we could have. Think about what the government could have done with more tax revenue.

The government had more tax revenue.

[Jezcoe]

@calirepub

We haven’t really invested in infrastructure like we could have. Think about what the government could have done with more tax revenue.

Yep… all of the problems with infrastructure or entitlements that we have have been coming for decades… and it isn’t like it was a big surprise that some things are falling apart.

We all saw it coming from miles away. It is just that it always becomes someone else’s problem.

[WuWei]

@Jezcoe

Yep… all of the problems with infrastructure or entitlements that we have have been coming for decades… and it isn’t like it was a big surprise that some things are falling apart.

We all saw it coming from miles away. It is just that it always becomes someone else’s problem.

Why didn’t you fix it?

[zantax]

@WuWei

@calirepub

We haven’t really invested in infrastructure like we could have. Think about what the government could have done with more tax revenue.

The government had more tax revenue.

You can’t seriously expect them to maintain infrastructure on a paltry six and a half trillion a year. (total tax revenue collected, federal, state and local)