Redpill me on Trump's tax plan. As a middle class citizen is it better or worse for me...

Redpill me on Trump's tax plan. As a middle class citizen is it better or worse for me? What about the country as a whole?

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401k caps because fuck you

Are trumpfags waiting for their talking points on the tax cuts?

Yes.
It will be worse. If trumplets can think of a way to lie and make it seem like it will be better, they'll post, but I don't think they can.

So whats better/worse about it?

Lmao fuck top earners.

There is no tax plan, just a summary. There's nothing to talk about yet.

Why set deadlines if you can't meet them
>inept with a majority

youtu.be/bgZZrjURmKk

>everyone with (R) next to their name are all on the same team and are 100% with Trump
do you ever get tired of being brainlet?

>most people think trump is retarded
lol

yep them (D)s are all on the same page too right?
>What is a communist globalist liberal
>What is a globalist liberal
>What is a globalist conservative
>What is a national conservative
b--b-but there's onwy two teams whaaaaa

>the majority of people think Trump's bad ideas are retarded

I can tell you capping 401k contributions at $2,400 a year is short sighted. It will provide a one time tax revenue boost for the government and but fuck people who are not financially savvy and rely on their employers 401k plan as an easy wat to save and invest for retirement.

Keep more of your money and give less to lazy as people

What people? Also, you seem to have no clue of how the tax summary was written, ascribing it incorrectly to Trump. I bet it's nice under that benzo fog

>no wall, no repeal, no tax cuts
The state of trumpfags

So which is it, Trump is a dictator for doing all these things himself, or we're a democracy and globalist are holding Trump's plans back? Go ahead I'll wait

>reptilians
>people

Tax cuts are good.
Government is incompetent.
Less money going toward incompetence the better.
I’m fine with having the top earners investing more into their business.

Trump is a lame duck

Middle class is code word for slightly less poor,

How about you stop being lazy and make real money OP

...

I'm not even rich but I'm definitely ready to give up more money to make the top earner's richer, does that make me a cuck? I like it.

Here's the ultimate redpill/Bogpill on taxes: the government is taking money from people who earned it in order to fund the lives, poor choices, and mistakes that others who make less (or nothing at all) commit.

I like all these people in the thread who are saying "I don't know what it is and nobody will tell me, so it must be bad!" I'll tell you. It's a tax plan that must have been written when Calvin Coolidge's ghost came out and possessed The Don. The media's trying to get people to believe that it only helps the rich, but that's dead wrong. It's somewhere along the lines of a 0% tax rate for people who earn $12,000 individually or $24,000 jointly. The highest income tax is somewhere around 35%. That's if you're making six figures. Otherwise you'll be paying 12% or 25%. He also wants a 20% corporate tax rate and to abolish inheritance taxes. It's an ancap's dream come true. Makes the lefties mad because less taxes equates to oligarchy in their minds.

foxnews.com/politics/interactive/2017/09/27/read-gop-tax-plan-framework.html

Rich / corporates get tax cuts, you don't.
Trickle down may suddenly work, even if it didn't in the last 50 years.

WHAT IS SO HARD TO UNDERSTAND ABOUT
NATIONALISM + SOCIALISM?

I really don't care about taxing rich Jews and wealthy shabbos goyim traitors. Healthcare debate is totally irrelevant unless we begin to honestly address the demographic problems which are the causes of the healthcare and other problems.

there already exists a 401k cap. also, a 401k cap of 2400/year wont happen.

lmao why are you so bad at basic shit?
>3 branch government
>why can't the President just do whatever?

>I'm definitely ready to give up more money
so you have a flag representing limited government, but you're sad about losing your gibs?

there's three brackets...


12% - Single/$37,500 or under | Married/$75,000 or under
25% - Single/$112,500 or under | Married/$225,000 or under
35% - Single/$112,500+ | Married/$225,000+

Married people with no children always win. Fuck them.

>you don't
Do you even know what you're talking about? You're saying that the tax plan only helps the rich even though it adds a 0% income tax bracket for the poor. You're just making stuff up here.

More money for rich Jews less money for working Americans.

Government is mostly made of the rich, but they're educated.

You have two factions you have ones that have loyalty to the U.S. and the mechanism by which it works and floaters who believe they could get more out of not being tied to the U.S.

The problem with money is it must be circulated. Stowing away money that you will never spend takes it out of circulation. The government runs by taxing the flow of money as it continuously exchanges hands, if money stops flowing the fiat currency falls flat.

There has been an accrual by a few families with wealth that far exceeds their ability to spend, it serves no purpose other than a compulsion toward greed and bragging rights. The sole problem with this is that it starts to break the very system that enabled that cash to be saved.

People who are dedicated to this government and the system by which their money is made welcome increased taxation. People that do not understand this or feel no allegiance to the U.S. don't and want those with less money to foot the bill.

Who gives a fuck? Whoopdeedoo I get to keep a couple dollars a month while my people continue to be replaced by savages.

>less money for working Americans
You're talking about a tax plan which is expected to starve the government for the sake of small businesses.

Better for you and the country

Trump is against this. Some shit Republicans are trying to put that in there.

But that will incentivise children, what I think is ridiculous though is that gay "marriage" will leave a loop hole for any two people to successfully get a lower tax bracket.

gibs are going to exist but I understand how the system works, I'm not blinded by myopic ideologies. I'm pragmatic, no ideologue.

Ideologues are routinely responsible for the collapsing of powerstructures because it is an inflexible (though comfortable) lazy decision making mechanism. It does not readily combat the complexities of reality and the system by which it exists. It assumes an almost escaping and attainable utopia through itself. It has a christ complex.

No it doesn't. Many straight couples are greedy as hell. I should know. I was adopted and my adopted family used me and other kids for free government money. Many lgbt couples actually want to adopt and help children.

inflation via government borrowing is already a tax on savings

this is the single worst tax I've ever heard of

How does that change the fact that trump is a lame duck?
Trump is a republican

You can't be a lame duck in the first 8 months of office. I don't think you even know what you're talking about

It's Baby Boomer bullshit so far. As Boomers age into retirement, they will continue to push this shit through, fucking over our generation in favor of their own. Boomers already have fat-cat 401ks because they happened to live through decades of economic prosperity before pushing this country to the brink of collapse, they still collect actual pensions that are nonexistent for new people, they have mortgage deductions for their homes that no one can afford to buy anymore, of course they never had any substantial student loans (because they didn't have to take out a mountain of debt for a college degree), and they can collect social security comfortably for the rest of their lives.

Now the GOP wants to demolish our generation's pittance of a fucking tax benefit to continue to pay for Boomers' selfish lifestyles. People plan their entire financial lives around shit like 401k contributions. This is a disgrace and fuck Boomers.

Way to scapegoat brainlet.

He also raised the deductibles so we're taxed for less.

>Now the GOP wants to demolish our generation's pittance of a fucking tax benefit
I think that the current generation will be happy to pay a 0% income tax while living with their parents and selling anime figurines online for 10k a year.

depends on your current tax bracket and what new one you'll fall into. It'll either be great or hard;y affect you at all

Being unable to pass shit during the honeymoon phase with a party majority in both houses is embarrassing

It should only be embarrassing RINOs since they're literally the whole problem.

Trumpfags should be embarrassed they believed a retard like trump could accomplish anything

We just got done with Obama's fucking nothing of a presidency, and you're railing on Trump for not changing everything in the first year? Stop being dishonest just for an excuse to hate on Trump.

All you need to worry about is your own pockets. You will have more money. Do not be a commie bastard worrying about how much others will save.

Trump's been awesome so far. Showed foreign policy restraint as promised, fucked DACA by kicking it to Congress who couldn't agree on what day of the week it is, rattled ACA dickheads, continues to make Russophobe DNC hacks look like retards, etc.

Agreed man. I know not everyone shitting on Trump is a shill but if you look at what he's facing and are concerned with absolute truth (and care any about the survival of whites) then you can't give him much less of a grade than C+/B-. And it's still less than one year in . a lot could happen.

RAISE TAXES ON TOP EARNERS?

We should be glad just for getting to dodge the Paris climate bullshit.

A very simplified & juvenile view of the system.

>honeymoon phase
New to the US, user?

I hope that doesn't happen. My employer contributes $52k a year into my 401k.

Saving money is a trick by jews, who run the banks and create inflation which is a tax on savings. Wealth is property / durable goods. Savings is a meme that can be wiped out in a second when the jews decide it's time to consolidate by crashing the economy to gobble up small businesses' IP on the cheap and coincidentally ruin everyone's savings.

Also the TPP bullshit.

Agreed.
People got so retard strong about that, but throwing money at other countries (fucking China) doesn't help make the world a better place.

Lose property tax deduction. Lose state income tax deduction. Lose 401k / 503b deduction.

Because who gives a fuck about your retirement or your kids college? Am I right?

Except they add $1.5 TRILLION to the deficit which we would eventually have to pay.

Trump's supposed to manage the state governments and their tax rates too? I thought we only called him God Emperor as a joke.

It's pretty shit, my family is going to lose 80k a year now. And I voted for this shithead. Hopefully we'll get to see his head explode live on TV within the next 3 years

>Oy vey, my family is losing 6 million a year!

Did you just insinuate that Trump is simultaneously taxing too little and too much at the same time? You said that all he's going to do is lose us tax deductions, then you went on to say that he'll also add a deficit through this plan.

People really become lunatics about this sort of thing.

Just about everyone gets cuts

Drudge has backstabbed Trump at every opportunity. Pretty lol how certain establishment dinosaurs think he still commands respect among the little people. The reddit of online 1.0 news.

ANY TAX CUTS DURING DEFICIT SPENDING WILL RESULT IN A LARGER DEFICIT, HOW CAN YOU FAIL TO UNDERSTAND THIS?

WE CAN'T AFFORD $700 BILLION FOR THE MILITARY ANY MORE THAN WE CAN AFFORD TO CUT TAXES SO FUCK YOU YOU SELFISH PRICK

I know I am. Get fucked wagecucks.

nice digits but for real man wage cucking isn't so bad. It gives you a way to climb the hierarchy. I'm autistic as fuck but I work in marketing and I've pretty much used the shit I learned here and Jordan Peterson archetypes to excel at my job and It's much more comfy than when I started.

Get started in real estate at a medium to large firm and be willing to do bitch work (take photos, place lock boxes/signs, bring in donuts, etc.) you can make a ton of connections and if you are smart can get your license and be set up pretty well.

That's just my advice I know I'm a bit off topic but I'm a little drunk while still at work actually. Love you guys.

Sieg Heil

I don't know, but I feel like these idiots are taking fucking crazy pills.

> 401k - ponzi scheme
> Social Security - ponzi scheme
> Medicare/Medicaide - ponzi scheme

SS & med have been in an unrecoverable deficit since the 70's, because money meant for these programs was appropriated for some other bullshit.

Boomers aren't the problem.

FDR & socialism are the fucking problem.

Obama sucked and trump is worse.
Obama had to deal with a global financial meltdown when he had a majority and was still able to pass landmark legislation. Trump has a good economy and can't do shit

401K caps, so fuck everyone who wants to save for retirement.
Most tax cuts going to the ultra wealthy
Trickle down 2.0. Open your mouths you filthy prols, piss comin down.

Enjoy feudalism dumbass.

I'm a debt slave, assmunch. Just like you and everybody else on Sup Forums who went to college.

Feudalism isn't by choice, and socialism isn't progress.

A 401(k) isn't a "scheme," it's a type of retirement fund with a specific sort of tax treatment. The current proposals want to reduce the amount of money you can contribute tax-free annually into a 401(k) account. That only punishes middle-class/UMC individuals who need that money to retire.

Boomers are the problem because the reason the government wants to raid 401(k) contributions is to keep the system going long enough to pay Boomer entitlements. Everything for the Boomers; nothing for the later generations. And cucked Gen-X faggots like Paul Ryan are volunteering their generations to take it up the ass so that Boomers can live large.

>only the rich get a tax cut
>eliminate SALT while doubling the standard deduction

This is going to put real money in the hands of most taxpayers, because only a tiny fraction itemized their returns. Knocking 4% off the top rate is nothing because the reduction in deductions means that they’ll be paying close to that “lowered” 35% rate as opposed to now when NOBODY is even close to paying 39%. If you make 200+k in income and are paying 39% to the Feds you deserve a medal to go with your dunce cap.

A 401k is dummy investing.

They basically gave wealthy investors a guaranteed market by encouraging laborers to contribute to an index fund.

You think that money will be there when you retire?

Think again.

The money will be there to the extent that the stock market still exists. That has nothing to do with the federal government's tax treatment of existing and future 401(k) contributions.