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Tax Reform: In the Long Run the Middle Class Will Be Taxed More. I am greatly concerned about this tax reform!

Posted on | November 29, 2017 | 7 Comments

Comments

7 Responses to “Tax Reform: In the Long Run the Middle Class Will Be Taxed More. I am greatly concerned about this tax reform!”

  1. Bob68
    November 29th, 2017 @ 9:16 am

    Maybe everyone should be taxed more at some point.

    How are we supposed to pay off, or even on, a 20 trillion dollar debt, still growing at about 800 billion/yr., without more revenue? The intent of this bill is to promote economic growth, which it will do. Without this bill or something similar, the day of reckoning will be reached sooner…..it could be argued that would be a good thing.

    It the Dems get their the way the only people who will get a tax cut are these who already don’t pay any federal income taxes, and many of whom get a tax, “refund”, for the taxes they never paid. They are not interested in jobs, just more federal dependency, i.e,,votes. There is no such thing as a “perfect” bill but doing nothing and continuing the status quo will prove to be much worse that passing this bill……now.

  2. KBB
    November 29th, 2017 @ 11:33 am

    right on, bob68. plus the bad luck of all the fires, hurricanes and floods made debt worse.

  3. JD Collier
    November 29th, 2017 @ 12:17 pm

    Need to start selling off non essential govt properties, restructure all government salaries and benefits, end entitlements, end any and all payments to all countries and other non essential payouts to international or domestic orgs.etc, etc.

    Set the debt on fire.

  4. Analyst
    November 29th, 2017 @ 2:22 pm

    Well, let’s see…

    If we write an executive order and eliminate the Fed…and close them down…which is legal, since they are illegal in the first place…

    Then, we stop the debt, and audit the Fed, and make them pay back all the trillions that have been sent to them…

    Which would be proper, since the Fed is NOT listed anywhere in the Constitution, nor the Bill of Rights!

    Then, we don’t need to continue to make payments to the Fed, we save a hell of a lot of money, and we keep this in a “hell or high water” account at the Treasury…

    And we can start taking care of America, finally, so that we keep:
    1. Our dollar
    2. Our currency
    3. And our economy…

    Without any other nation trying to destroy us!

    America needs to come First and NOT 2nd!

    President Trump can do this…to correct about 108 years of treason!

  5. X-Files
    November 29th, 2017 @ 10:55 pm

    Well, things could get kind of strange come this holiday season…

    all the way to the new year.

    I’ve kept track of the info from the Fed and several very experienced veteran investors that I have contacted and they have replied to my inquiry…

    Now, I don’t know if or when the Fed plans on {freezing} bank accounts!

    But found that this may only be happening in various states????

    And if they do this, they are also saying that social security will be frozen, too, if you have this sent “direct deposit!”

    And I also found that if you see a strange warning at any ATM machine, in these states, you won’t be able to get $$ out of the ATM???

    Now, this is something that Trump has not discussed with Americans.

    As he has told us that his reboot will make the dollar stronger!

    So the trick is…(have $$ sent to you, supposedly-? from various institutions) in a check!

    So that there (MAY) be a possibility that one could still get a certain amount back…IF you go to your banking location????

    This is getting out of hand, in my opinion.

    The talk is…the Fed wants to retire the national debt, in some fashion???

    So my advice would be…keep a close watch on what you have and (maybe) get in touch with Social Security, to have them send you a check???

    Or at least ask them to give you any vital info on what may be transpiring????

  6. X-Files
    November 29th, 2017 @ 11:01 pm

    As well…

    I plan on speaking to someone where I bank and find out if there’s anything in the wind…!

  7. W
    November 30th, 2017 @ 12:50 am

    Trump and many senators and representatives are aware: there is No mechanism to encourage people to become wealthy. The democrats should be happy this bill keeps the rabble poor. The lowest rates should be at the top not the bottom. If you want to stay poor then you will pay the most percentage. But at a tax rate of even only 1 %, the top earners still pay more than the poor in total dollars. Stop trying to fool everyone about this. Also no cut to capital gains. Those who run businesses do not pay income tax they pay capital gains. And if you make money buying a stock low and selling high, which is unearned income, what right does the government have to even one penny? And how can we abolish the IRS? No plans for that? No punishment for Lois Lerner or thousands of others who violated our rights to suck up to their god Obama? This bill will fix very little.

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