Current Events > So my paycheck is officially $227 a month larger now after Trumps tax cuts

(+) Yeah! (+)

What the fuck. I haven't been making any extra after tax cuts.

This is bullshit.
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DoGCyN posted...

What the fuck. I haven't been making any extra after tax cuts.

This is bullshit.

They went into effect 2/1/2018
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HypnoCoosh posted...

DoGCyN posted...

What the fuck. I haven't been making any extra after tax cuts.

This is bullshit.

They went into effect 2/1/2018

Oh.
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JustMyOpinion posted...

Will lose money on the deal overall since I own a house in a HCoL area.

This. Not sure how much more Im getting yet but I get paid tomorrow. But its hard to feel excited about it. Probably just going to adjust my withholdings anyway.

Mint went up about 300 a month, but my health insurance went up by about 150, so its still a net 150 gain a month.
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$60 a month is not worth this administration.
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Before this tax bill was passed, I saw expert after expert go on news shows and passionately explain how that the average american will NOT see a tax cut and people will be worse off and actually end up paying more in taxes. What happened with that?
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lww99 posted...

$60 a month is not worth this administration.

Dont forget about the 20+% we all got in our 401k last year.
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My check didn't get bigger at all :(
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i'm getting 140 more per month, but i'd rather be getting nothing and seeing people working minimum wage get that

FrenchCrunch posted...

i'm getting 140 more per month, but i'd rather be getting nothing and seeing people working minimum wage get that

Give your extra to someone you know?
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FrenchCrunch posted...

i'm getting 140 more per month, but i'd rather be getting nothing and seeing people working minimum wage get that

I am waiting to see proof of your donation this month. Either that or what you said is a complete lie.
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I'll probably see an increase due to my income but I'm happy everyone else is seeing more pay. Congrats! Invest it!
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Siaperaz posted...

I am waiting to see proof of your donation this month. Either that or what you said is a complete lie.

if you average my donations to different causes over the year I probably give up roughly that much every year

not that I said I would rather not get a tax cut
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I only got a two dollar difference LOL
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EnragedSlith posted...

Kazi1212 posted...

Liberals can complain how bad these tax cuts are all they want, the fact of the matter is struggling families will see a bigger paycheck thanks to it. When youre in that position youll gladly take what you can get. Its easy saying how bad these tax cuts are from the sidelines, but ~$100 extra a month can make a tangible difference for burdened families

And, in the long run, the cuts will further drive wages down

You know what drives wages down? Flooding the job market with cheap unskilled labor. If the Dems can get their heads out of their asses and get on board with curtailing illegal immigration, thats a big start. US citizens have dreams too.
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lww99 posted...

$60 a month is not worth this administration.

This administration is improving everything so this makes no sense. Extra money in our paychecks is only a bonus. This backwards thinking is going extinct.
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Wolf_J_Flywheel posted...

EnragedSlith posted...

Kazi1212 posted...

Liberals can complain how bad these tax cuts are all they want, the fact of the matter is struggling families will see a bigger paycheck thanks to it. When youre in that position youll gladly take what you can get. Its easy saying how bad these tax cuts are from the sidelines, but ~$100 extra a month can make a tangible difference for burdened families

And, in the long run, the cuts will further drive wages down

You know what drives wages down? Flooding the job market with cheap unskilled labor. If the Dems can get their heads out of their asses and get on board with curtailing illegal immigration, thats a big start. US citizens have dreams too.

Oh god here we go with this shit again
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KazumaKiryu posted...

lww99 posted...

$60 a month is not worth this administration.

This administration is improving everything so this makes no sense. Extra money in our paychecks is only a bonus. This backwards thinking is going extinct.

What you see as an improvement, is not necessarily what I see as an improvement.
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DezDroppedFreak posted...

Wolf_J_Flywheel posted...

EnragedSlith posted...

Kazi1212 posted...

Liberals can complain how bad these tax cuts are all they want, the fact of the matter is struggling families will see a bigger paycheck thanks to it. When youre in that position youll gladly take what you can get. Its easy saying how bad these tax cuts are from the sidelines, but ~$100 extra a month can make a tangible difference for burdened families

And, in the long run, the cuts will further drive wages down

You know what drives wages down? Flooding the job market with cheap unskilled labor. If the Dems can get their heads out of their asses and get on board with curtailing illegal immigration, thats a big start. US citizens have dreams too.

Oh god here we go with this shit again

He's right though...
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Wolf_J_Flywheel posted...

EnragedSlith posted...

Kazi1212 posted...

Liberals can complain how bad these tax cuts are all they want, the fact of the matter is struggling families will see a bigger paycheck thanks to it. When youre in that position youll gladly take what you can get. Its easy saying how bad these tax cuts are from the sidelines, but ~$100 extra a month can make a tangible difference for burdened families

And, in the long run, the cuts will further drive wages down

You know what drives wages down? Flooding the job market with cheap unskilled labor. If the Dems can get their heads out of their asses and get on board with curtailing illegal immigration, thats a big start. US citizens have dreams too.

Lmao
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It amazes me that the GOP watched Kansas make similar tax cuts a couple of years ago and then watched Kansas go bankrupt because of said cuts.

Cant wait for the US to go bankrupt and start slashing education and infrastructure budgets. But hey, at least the 1% saved millions on their taxes!!!!!
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http://www.washingtonexaminer.com/your-government-will-run-out-of-money-in-march-or-april/article/2642176

You'll run out of money even faster now
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https://www.npr.org/2017/10/25/560040131/as-trump-proposes-tax-cuts-kansas-deals-with-aftermath-of-experiment

Any conservative want to make a rebuttal or are they going to continue to ignore the truth?
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The amount you are going to see on your paycheck depends highly on what your exemptions filed are. You may see your increase on your refund depending on what you have claimed.
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sktgamer_13dude posted...

https://www.npr.org/2017/10/25/560040131/as-trump-proposes-tax-cuts-kansas-deals-with-aftermath-of-experiment

Any conservative want to make a rebuttal or are they going to continue to ignore the truth?

Trump's totally gonna win reelection because people are getting more money tho
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sktgamer_13dude posted...

Any conservative want to make a rebuttal or are they going to continue to ignore the truth?

Kansas has been a sinkhole state for quite a while now. The average tax burden for the average taxpayer in Kansas is -$7800. The state doesn't even have enough assets ($4 Billion) to cover its debt ($11.2 Billion) so of course that experiment was going to fail. If they did the same experiment in California or Texas, the experiment would have been a success, not a state that has been hemorrhaging debt for a while now.
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Just imagine if TC didn't make minimum wage how big they'd be.

Or better yet imagine how big they'd be if he was in the super rich category. Like I dunno, Comcast.
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daftpunk_mk5 posted...

And what's really genius is that the tax plan completely screws over blue states... which werent going to vote for him anyway.

How did they do this?
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DirkDiggles posted...

sktgamer_13dude posted...

Any conservative want to make a rebuttal or are they going to continue to ignore the truth?

Kansas has been a sinkhole state for quite a while now. The average tax burden for the average taxpayer in Kansas is -$7800. The state doesn't even have enough assets ($4 Billion) to cover its debt ($11.2 Billion) so of course that experiment was going to fail. If they did the same experiment in California or Texas, the experiment would have been a success, not a state that has been hemorrhaging debt for a while now.

Does the US have enough assets to cover its debt?
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Doctor Foxx posted...

Does the US have enough assets to cover its debt?

Oil and gas resources on and offshore alone are worth $128 trillion.
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Mine went up $95 a month, and it would be even more than that if I hadn't just upped my 401k contribution by an additional 1%.
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DirkDiggles posted...

Doctor Foxx posted...

Does the US have enough assets to cover its debt?

Oil and gas resources on and offshore alone are worth $128 trillion.

Yes but you cannot harvest all of those resources. The more fossil fuels used today, the more of a shitshow the future will be. The cost to the planet and to the future economy would dwarf that reserve amount.
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sktgamer_13dude posted...

It amazes me that the GOP watched Kansas make similar tax cuts a couple of years ago and then watched Kansas go bankrupt because of said cuts.

Cant wait for the US to go bankrupt and start slashing education and infrastructure budgets. But hey, at least the 1% saved millions on their taxes!!!!!

It's not like we don't already neglect education and infrastructure. People simply don't care about improving the country rather than seeing short term personal benefit.
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The US spends so much money on K-12 education on a per-student basis. Just look at Baltimore. The Democratic Party needs to start coming up with solutions that don't involve throwing more money at the problem.

Right now, there is no Democratic Party platform, maybe with the exception of the Bernie Sanders wing of the party. The mainstream Democrats, like Joe Kennedy? Their entire platform is just to constantly whine about Trump.
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Sativa_Rose posted...

daftpunk_mk5 posted...

And what's really genius is that the tax plan completely screws over blue states... which werent going to vote for him anyway.

How did they do this?

The $10k cap on SALT and mortgage interest deductions.

My cousins are both die hard republicans in $1-2 million dollar homes and they feel so betrayed lol.

I get paid every 2 weeks.
Mine went up $15.
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Cleo_II posted...

Sativa_Rose posted...

daftpunk_mk5 posted...

And what's really genius is that the tax plan completely screws over blue states... which werent going to vote for him anyway.

How did they do this?

The $10k cap on SALT and mortgage interest deductions.

My cousins are both die hard republicans in $1-2 million dollar homes and they feel so betrayed lol.

So they are sad Uncle Sam isn't subsidizing their home anymore. Home purchases shouldn't be subsidized by the government in the first place.
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Giant_Aspirin posted...

daftpunk_mk5 posted...

And what's really genius is that the tax plan completely screws over blue states..

you sound happy that your fellow americans are being shafted, but its totally okay because they disagree with your political ideology.

sounds about right

Dude I live in NY and am about to graduate med school. This screws me over.
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Cleo_II posted...

Sativa_Rose posted...

daftpunk_mk5 posted...

And what's really genius is that the tax plan completely screws over blue states... which werent going to vote for him anyway.

How did they do this?

The $10k cap on SALT and mortgage interest deductions.

My cousins are both die hard republicans in $1-2 million dollar homes and they feel so betrayed lol.

Oh well that's their problem if they are no longer getting as large of a mortgage interest deduction. I don't know how I feel about the SALT thing though, I see how that could be problematic for states w/ high income taxes.
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Doctor Foxx posted...

Yes but you cannot harvest all of those resources. The more fossil fuels used today, the more of a shitshow the future will be. The cost to the planet and to the future economy would dwarf that reserve amount.

It's a natural resource on land that the US owns, therefore it's an asset.
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DirkDiggles posted...

Doctor Foxx posted...

Yes but you cannot harvest all of those resources. The more fossil fuels used today, the more of a shitshow the future will be. The cost to the planet and to the future economy would dwarf that reserve amount.

It's a natural resource on land that the US owns, therefore it's an asset.

?

Ok? That's a functionally useless asset if it can't be accessed or sold. It's theoretical. That shit should stay in the ground for the betterment of everyone. If the US followed the Paris agreement most of that would be off limits

Other than oil and gas are there things that come close to the debt amount that the US holds?
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And the healthcare of about 3 other people tripled to pay for it.

Selfish prick.
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Cleo_II posted...

Sativa_Rose posted...

daftpunk_mk5 posted...

And what's really genius is that the tax plan completely screws over blue states... which werent going to vote for him anyway.

How did they do this?

The $10k cap on SALT and mortgage interest deductions.

My cousins are both die hard republicans in $1-2 million dollar homes and they feel so betrayed lol.

>The rich should pay more in taxes
>People in million dollar homes can't deduct as much SALT anymore its unfair!
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Doctor Foxx posted...

?

Ok? That's a functionally useless asset if it can't be accessed or sold.

That car you drive, if it's not electric, what does it run on? What lubes up those pistons so your motor doesn't seize up? That computer you are using, what is it made of? That cup you are sipping your kool-aide out of? Do you know what plastic products are made of?

It's theoretical.

No, not really. We have technology that can pretty much measure anything.

That shit should stay in the ground for the betterment of everyone. If the US followed the Paris agreement most of that would be off limits

-- More than 900,000 separate real assets covering more than 3 billion sq. ft.
--Mineral rights, on and offshore, covering 2.515 billion acres of land, more than the total surface land in Canada
--45,190 underutilized buildings, the operating costs of which are $1.66 billion annually
--Oil and gas resources on and offshore worth $128 trillion, roughly eight times the national debt of the country

http://business.time.com/2013/02/05/the-federal-governments-128-trillion-stockpile-the-answer-to-our-debt-problems/

Your question was about assets, not some tree hugging bs.
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And what happens in a couple years

SK8T3R215 posted...

Cleo_II posted...

Sativa_Rose posted...

daftpunk_mk5 posted...

And what's really genius is that the tax plan completely screws over blue states... which werent going to vote for him anyway.

How did they do this?

The $10k cap on SALT and mortgage interest deductions.

My cousins are both die hard republicans in $1-2 million dollar homes and they feel so betrayed lol.

>The rich should pay more in taxes
>People in million dollar homes can't deduct as much SALT anymore its unfair!

It is unfair because it was obvious the cap on the deductions were a direct hit on blue states with a high cost of living and high state income taxes. They live in million dollar homes that are just the average price for a house around here.

DirkDiggles posted...

That car you drive, if it's not electric, what does it run on? What lubes up those pistons so your motor doesn't seize up? That computer you are using, what is it made of? That cup you are sipping your kool-aide out of? Do you know what plastic products are made of?

No really tell me more

I avoid plastic because I know what it is. I also avoid overly damaging things like animal agriculture. I actually put my money where my mouth is on this.

We need to reduce the reliance on fossil fuels and continue research and development on alternatives. And not extract 128 trillion in reserves.

The US is trying to do "clean coal" do they're clearly out to lunch on the environment

DirkDiggles posted...

-- More than 900,000 separate real assets covering more than 3 billion sq. ft.
--Mineral rights, on and offshore, covering 2.515 billion acres of land, more than the total surface land in Canada
--45,190 underutilized buildings, the operating costs of which are $1.66 billion annually
--Oil and gas resources on and offshore worth $128 trillion, roughly eight times the national debt of the country

http://business.time.com/2013/02/05/the-federal-governments-128-trillion-stockpile-the-answer-to-our-debt-problems/

Your question was about assets, not some tree hugging bs.

That was what I was asking about thanks. So basically nothing compared to the oil and gas which should not be extracted because of environmental concerns
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