The Accurate Reloading Forums THE ACCURATE RELOADING.COM FORUMS Guns, Politics, Gunsmithing & Reloading The Political Forum President Trump supported raising the SALT exemptionGo | New | Find | Notify | Tools | Reply | |
| One of Us |
So much for significant tax relief to the majority of American tax payers by the GOP. https://finance.yahoo.com/news...-hike-134052392.html Trump told lawmakers in a meeting on Tuesday not to let the SALT deduction or differences over social safety-net cuts impede the measure. But afterward members of warring factions told reporters they were still dug in in opposing the bill unless their changes are made. Trump urged Republicans from New York and other high-tax states to wait to try to raise the SALT limit further until after Congress is done with the tax legislation, the official said, a proposal that is likely to draw backlash from SALT lawmakers who see the president’s “one big, beautiful bill” as their sole shot to address a political priority that dates to 2017. Another source is reporting President Trump told NY GOP Congressman, “Just drop it.” What happened to not racing overtime and tips? Oh, President Trump ran on increasing the SALT exemption significantly. | ||
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| One of Us |
The Dems in the Senate just passed a bill exempting tips as income for tax purposes. | |||
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Moderator |
Yes, the dems did vote, in a rare near unanimous Senate vote to do so, and the bill is sent to the house. Which has structural issues of genesis opinions vary band of bubbas and STC hunting Club Information on Ammoguide about the416AR, 458AR, 470AR, 500AR What is an AR round? Case Drawings 416-458-470AR and 500AR. 476AR, http://www.weaponsmith.com | |||
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| One of Us |
Yep, unanimous vote; no filibuster; and the bill was introduced in January by Sen. Ted Cruz, R-Texas; and a bipartisan group of co-sponsors including Nevada's two Democratic senators, Jacky Rosen and Catherine Cortez Masto. Give the devil his do. I’ll give it to Sen. Cruz too. Now, watch the House GOP not vote on it. Worse, watch it get voted down. | |||
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| One of Us |
Great, call all of our income over minimum wage “tip income”… Income is income. The rates are supposed to take your relative amount into consideration. | |||
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| One of Us |
The multi-national corporations and investment class folks you advocate for get plenty of exemptions. I’m all for this. Instead of trying to balance the budget in poor people. Let us do what President Trump said during his debate w HRC, and fix the tax code so his class pays a more then single digit percentage. No, what the GOP will do led by the House is give those more tax insulation while exploding the deficit, and shifting more burden to everyone else. | |||
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| One of Us |
So you don’t see this as being yet another way folks will get around paying? If this goes through, fine, so be it. My tipping will go down substantially. | |||
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| One of Us |
I see it as average, Lowe income fold receiving tax relief that better served then more tax breaks to the economic class who is insulated from engaging in supporting our collective state. It is not lower wage folks getting too much stuff that is causing our economic concerns. It is the same problem that caused the French Revolution. Certain class of citizens being insulated from tax while the rest struggle to meet tax burden and daily necessities. Both things President Trump has made worse with his economic policies. My tipping will go up. | |||
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| One of Us |
All income should be taxed equally. Tips, overtime...... Another thing I disagree with president Trump on. | |||
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| one of us |
I always tip in cash. I assume income tax is not paid on this. Tips are a gift. Tax should be paid on overtime. Bill | |||
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| One of Us |
IIRC if the IRS thinks that tips are being underreported they may assme a cerain percentage. Give me a home where the buffalo roam and I'll show you a house full of buffalo shit. | |||
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| One of Us |
What percentage of income tax would be required in order to generate $6trillion in taxes? We all know that the "tax cuts will pay for themselves" is bullshit. Think about it. When you purchase something how much of that transaction goes to Uncle Sam? Mostly none. Depending on where you live your Governor adds sales tax, but Uncle Same gets nothing unless you pay FET on something like tires. If I buy a bundle of paper towels it's not likely that any jobs will be created by supplying a replacement. Someone paying $2500 in income tax on $25,000 of taxable income will likely have a decrease in their economic activity while the rich can from a practical standpoint spend only so much. Give me a home where the buffalo roam and I'll show you a house full of buffalo shit. | |||
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| One of Us |
It is not the average low income folks who get tip income. Most lower income workers are working salary (actually hourly) jobs. This only benefits a few, and generally younger folks who are doing it as an extra income source while going to school. All this is going to do is try and drive more jobs to tip based income. It will also see some creative accounting to call more things tips by individuals… hire a construction guy to fix your porch and he reports $50 as labor cost and $500 as tip. Given hourly rates for construction, these guys are definitely not lower income. I don’t disagree that the higher income folks like Buffett and Gates shouldn’t be paying as high a rate as I do… I disagree that increasing the marginal rate is a fair way to effect it. Getting rid of the accounting games and carve outs that congress does is the answer. A flat tax gets rid of ordinary income vs capital gains which is one of your peeves, LHeym. | |||
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| One of Us |
Never heard that a flat tax would be just on "earned income" and I expect that it would be on "taxable" income which includes capital gains. Give me a home where the buffalo roam and I'll show you a house full of buffalo shit. | |||
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The Accurate Reloading Forums THE ACCURATE RELOADING.COM FORUMS Guns, Politics, Gunsmithing & Reloading The Political Forum President Trump supported raising the SALT exemption
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