Helpful ReplyHot!Trump 2024
MyWar
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Re: Trump 2024
2024/09/11 20:28:29
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Let’s also never forget the valiant efforts and “fiscal responsibility” of Republican senators Rand Paul and Mike Lee, who fought to block the bill to extend benefits of 9/11 first responders. They would have gotten away with it too if it wasn’t for that commie dirtbag wannabe “comedian” John Stewart, who insisted that the federal government pay the healthcare costs of people who have been suffering for decades because of all the toxic crap they were exposed to on 9/11.
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r3g3
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Re: Trump 2024
2024/09/11 20:42:39
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Several months after getting home from there and standing in what seemed to be wet cement particles the soles of my boots -sitting in the basement since that day -rotted completely off, no other effect but that was not normal,
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DeadGator401
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Re: Trump 2024
2024/09/11 22:20:20
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Thanks for sharing r3, that's amazing. Thank you for lending a helping hand.
What an awful day that was.
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Porktown
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Re: Trump 2024
2024/09/12 07:44:20
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Thanks for the sacrifice R3. Glad to hear no long term issues. That is crazy about the boot soles.
I wish they would have scheduled this debate a bit further from 9/11. The top story every 9/11 should be remembrance of those lost, the constant threat we face, the sacrifice of first responders and most importantly that regardless of beliefs we are Americans that can come together. Probably a few other lessons that I missed noting.
I can understand life going on and being a Capitalist economy, not having our government tell business to alter what they do. But our politicians, especially at the top, should have realized how much of a distraction a debate the night before would create? Sort of shows the priorities of these two parties.
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r3g3
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Re: Trump 2024
2024/09/12 08:58:04
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Agree wholeheartedly--was a bit surprised at the debate date, Sadly some will try and use the day for venting present day political beliefs. Just remember where the attacks came from and that folks over there danced in the street and burned our flags. Now unfortunately some of their people and supporters now do that here --history matters.
post edited by r3g3 - 2024/09/12 09:35:55
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Porktown
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Re: Trump 2024
2024/09/12 09:36:58
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100% on turning this and just about everything into a political issue. The two parties have joined forces with far too many media sources that act as their propaganda wings. Those propaganda wings feel the need to politicize anything they can. They distort everything to a degree that what one person feels is common sense, the other side it is perceived as lunacy. Freedom of speech and freedom of press should not cover the ability to lie to people and claim it as fact. Until this is addressed, we will remain divided. Likely after it is too late and another 9/11 event happens that likely could have been prevented if two sides weren't blocking each other from action, so the other side wouldn't get "a win". Then we will come together again briefly, show we are all Americans. Then the propaganda wings will spin it as the other side being at fault and tear apart the unity again. Just the way our system seems to work. Although, to be fair, it seems like every government in the world does similar. Or, just flat out dictatorships, so we at least have some say, or at least perceived say.
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r3g3
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Re: Trump 2024
2024/09/12 10:03:01
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Porktown
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Re: Trump 2024
2024/09/16 17:00:53
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To actual policy in this election, I think a hybrid of both would be good. I like where each are going with some things, but how they are doing it, I'd love to see adjustments. Hopefully whatever one is in would have the ability in Congress for the adjustments. Which I know would NEVER happen, but just nice to think I guess. I like the concept of trying to get the uber wealthy to pay an equivalent tax rate as the average American on earnings. I do not like the Harris plan of going after the unrealized capital gains. I know, it is only those that have whatever ridiculous amount and would only target the top 1%. But it definitely opens the door for taxing this and other property taxes for the federal government. The state and local municipalities already hammer us with property taxes. When I lived in VA, they would go after the value of your car and other property. I'd much rather see legislation to curb "Buy, Borrow, & Die". I know some will say that you don't need to be uber wealthy to take advantage of this, but that really isn't the point. People are legally avoiding taxes doing it, take the legally out of the equation is the goal. I'd imagine talking to IRS attorneys would give hundreds of other suggestions of how to close loopholes that would mostly effect the uber wealthy. And not their actual businesses. Maybe some would pass it onto consumers, but then it really becomes a consumption tax, which in theory, I support. Although thousands of flaws in a full consumption tax concept. I agree with Trump on keeping business taxes lowered. Raising these would definitely just be passed along to consumers, again, would be basically a consumption tax as a result. Which that part, I am not too worried about, but slowing business growth, elevating inflation and GDP would be more of the concern. I'd love to see tax cuts be more on an incentive basis. Industry publications, IRS & Bureau of Labor Statistics all keep track of what is good compensation for what job. Set tax policy to incentivize higher pay for their workforce. Just cutting business taxes and relying on the top 1% to pass that along to the workforce, is laughable. I'm sure some do, but there is a reason the top 1% are the top 1%. Both are going to add a ton to the deficit with their plans. What happened to fiscal conservatism??? It seems to be extinct? At least with the Dems, you know there is going to be spending... On many programs that are maybe "nice objectives", but half of the country doesn't want their taxes raised to pay for. How can anyone that has considered themselves fiscally conservative even look in the mirror without vomiting looking at Trump's record of spending and plans to do more. His fiscal policy is to just print more money... I believe either 3rd or 4th on the list of our government spending, is interest payment on the deficit, not actually paying it down. We need to stop with billing our kids/grandkids for our horrible spending. I don't really want to pay higher taxes, but kicking the can is just making it even more of a burden for them.
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r3g3
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Re: Trump 2024
2024/09/16 18:57:57
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I never believe them when they say the tax will only affect certain people -somehow they always seem to creep out of John Qs pocket. Imagine paying an unrealized capitol gain tax every time they say your home went up in value. I think the last time there was an opportunity for a true cooperative Govt was when McCaine talked of picking his friend- and mine- Joe Leiberman for VP. (republican hierarchy was frantic lol) Never happened- he picked that Alaskan lunatic for VP and lost soundly,
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Porktown
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Re: Trump 2024
2024/09/16 19:44:49
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Yeah, doing that unrealized capital gains even with the ultra wealthy would be practicably impossible. The ability to assess assets would be overwhelming. One thing to look at stocks or bonds, but how do you find the real value of collectibles. From my very small experience watching the Mechum auctions, the value is what a buyer is willing to pay, beyond that is a relatively wild guess. It would be a massive invasion of privacy to find anyone’s full asset values. Court cases blocking it for years.
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psu_fish
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Re: Trump 2024
2024/09/18 09:18:30
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The IDF sent more to meet Muhammad . Exploding pagers, brilliant idea
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bingsbaits
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Re: Trump 2024
2024/09/18 10:27:31
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Says right there in your post he loves you. Why dis him. crappiefisher Darth Vader is even voting for Harris and 40++ people that served for Trump... His words, not mine
"There is a pleasure in Angling that no one knows but the Angler himself". WB
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Porktown
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Re: Trump 2024
2024/09/18 10:34:41
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Another thing that I would like to see is an adjustment to the standard deduction. I still do itemized, but often comes close to the standard. For many, having the standard is a time saver and nice, since tax filing is torture. But not being able to deduct certain things, especially charity contributions, has them on the chopping block when trying to cut back for many. I have read reports of 10%-20% reduction in charitable donations since the newest standard deduction was implemented. To note, high end donations are tax deductible, but most ordinary folks won't get them above the standard, so aren't. Granted other factors like inflation and recession play a factor. Just like noted about incentives for companies to increase on labor, deductions were made to incentivize many things. Those that feel strong enough to give to a certain organization, etc. get to pay for those items with tax free earnings. Seems to be me to be better than the government taking that money from everyone (that pays taxes) and giving it out to the causes they feel should have it? With TurboTax and other tax services, filing taxes aren't nearly the torture they used to be. The torture of paying them hasn't gone down...
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crappiefisher
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Re: Trump 2024
2024/09/18 11:38:32
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I'll be the first to admit my writing skills are terrible. I post on here to try and improve on it but just can't seem to get any better. Being dyslexic (sp) doesn't help any. Just have a thick skin to last so many years posting here and try my best to improve. Oh well, back to the drawling board. Reason why I post pictures and links https://www.tiktok.com/@j...eo/7415856251688504606
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r3g3
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Re: Trump 2024
2024/09/18 12:26:35
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Wont mean much if things get out of hand as they very may well. Read today where many sections of the border remain unmanned due to manpower issues--That means we have no idea whatsoever how many illegals are really here or who they really are. Too many photos of those walking in are of young military aged men although some will try and say they are families, Lots of potential issues coming up in the future over this and 4 more years of it will pretty much end things as they are. As they are given citizenship they will be able to bring in family members too thus multiplying the numbers greatly. Not like the old days of limited people and some family later --this will be a tidal wave far surpassing the present singles coming in.
post edited by r3g3 - 2024/09/18 12:30:35
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MyWar
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Re: Trump 2024
2024/09/18 12:43:25
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Porktown Another thing that I would like to see is an adjustment to the standard deduction. I still do itemized, but often comes close to the standard. For many, having the standard is a time saver and nice, since tax filing is torture. But not being able to deduct certain things, especially charity contributions, has them on the chopping block when trying to cut back for many. I have read reports of 10%-20% reduction in charitable donations since the newest standard deduction was implemented. To note, high end donations are tax deductible, but most ordinary folks won't get them above the standard, so aren't. Granted other factors like inflation and recession play a factor. Just like noted about incentives for companies to increase on labor, deductions were made to incentivize many things. Those that feel strong enough to give to a certain organization, etc. get to pay for those items with tax free earnings. Seems to be me to be better than the government taking that money from everyone (that pays taxes) and giving it out to the causes they feel should have it? With TurboTax and other tax services, filing taxes aren't nearly the torture they used to be. The torture of paying them hasn't gone down...
The EITC should be permanent. If republicans actually cared about tax relief for working people with families, they wouldn’t have blocked it in the senate. Democrats also need to bring back Obama’s first time homebuyer tax credit. You can quibble over deductions or whatever all you want. But this is the kind of tax policy that makes a HUGE difference for people that are either struggling or just starting out.
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MyWar
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Re: Trump 2024
2024/09/18 12:45:42
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r3g3 Wont mean much if things get out of hand as they very may well. Read today where many sections of the border remain unmanned due to manpower issues--That means we have no idea whatsoever how many illegals are really here or who they really are. Too many photos of those walking in are of young military aged men although some will try and say they are families, Lots of potential issues coming up in the future over this and 4 more years of it will pretty much end things as they are. As they are given citizenship they will be able to bring in family members too thus multiplying the numbers greatly. Not like the old days of limited people and some family later --this will be a tidal wave far surpassing the present singles coming in.
You forgot to mention all those illegals eating all the dogs and cats. I mean let’s not lose sight of the real issues here.
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r3g3
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Re: Trump 2024
2024/09/18 13:53:30
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I knew someone would bring that up when I wrote my piece, Ya cant take one small thing that is quite questionable and apply it to this entire mess of millions of illegals. Deflection wont work here its just too big of an issue for that. Next will come the fact that Trumps wife's family came too- another non issue under the old quite limited immigration rules all of which have been completely abandoned in the last 4 years. Ever wonder if Biden would have even been elected if he said he was going to do this before the last election??
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Porktown
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Re: Trump 2024
2024/09/18 14:16:06
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MyWar The EITC should be permanent. If republicans actually cared about tax relief for working people with families, they wouldn’t have blocked it in the senate.
Democrats also need to bring back Obama’s first time homebuyer tax credit.
You can quibble over deductions or whatever all you want. But this is the kind of tax policy that makes a HUGE difference for people that are either struggling or just starting out.
I agree on the EITC. For the first time homebuyer, let me say that I feel for them. Anyone buying a home right now for that matter. I think that first time homebuyer tax credit right now would end up being devastating for most people taking it in the long run though. The housing market is in a clear bubble that will eventually burst, probably soon. Which would end up trapping thousands of younger Americans in homes that aren't worth their mortgages. A $5-$10K credit would be nothing to how much down they would be after interest rate accrual. Which is the case of just about anyone buying a house right now IMHO, minus getting that credit. That program would artificially push values even higher for a while too, from even more demand and less supply. Just about every home in the USA is currently overvalued, following historical trends, due to fall out from the pandemic. Maybe since the pandemic was truly an enormous economic altering event, residential home values may buck historical value trends? Increased remote work possibilities had many people moving to larger homes increasing demand, interest rates rose to stunt inflation, corporations and others buying residential property for investment, especially with the boom of short term rentals. Add that to the aging population, with many elderly holding onto the in demand larger family homes due to what they would get in return if sold. People don't want to sell their homes that they have maybe 10-15 years left of a 3% rate to pick up a 7% rate. I am sure you know the difference in terms of a monthly payment of those rate differences on the same value home. Sure, they may make a killing on their capital gains, but when they look at trying to upgrade, the costs with higher mortgages aren't even close to being worth it. Also factor in that many areas of the country, average homes go over the capital gains limit of $500K primary residence and lose a lot of their profit in taxes. Even in PA, Grandma sells her 4 bedroom home for $400K to get a 2 bedroom. But then finds out that the lovely $300K 2 bedroom ranch after closing fees, realtor, etc. eats up most if not all of her $400K. If she didn't fully own the last home and ending her 3% mortgage to take on a 7%, then she is actually paying more to downsize. The market just needs to sort this out and will eventually. I think a program like this would be throwing gas on a fire, to be completely honest. I would like to see more of a push to banning corporate ownership of residential homes and possibly apartment buildings under a certain size. Limits on short term rental properties (with incentives for those owning to sell). Something that goes at the root of the problem. Edit (meant to say apartments under a certain size for corporate ownership). I also think the short term rentals would need to be handled on a localized basis. I see nothing wrong with them at vacation destinations, as many already had been. A lake house, beach house, place to stay near amusement parks or other attractions, cabin in the woods, etc. I really don't know what a cutoff could be, but handled locally with help through the federal government on tax incentives. I just know they are factoring into the shortage of residential housing. For incentives, capital gains removed or reduced (since not primary residence) and possibly some form of incentive to sell if at a loss. Those putting up the risk and effort to buy these investment properties shouldn't have the rug pulled from under them.
post edited by Porktown - 2024/09/18 14:33:09
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FishinGuy
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Re: Trump 2024
2024/09/18 15:21:39
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r3g3 Wont mean much if things get out of hand as they very may well. Read today where many sections of the border remain unmanned due to manpower issues--That means we have no idea whatsoever how many illegals are really here or who they really are. Too many photos of those walking in are of young military aged men although some will try and say they are families, Lots of potential issues coming up in the future over this and 4 more years of it will pretty much end things as they are. As they are given citizenship they will be able to bring in family members too thus multiplying the numbers greatly. Not like the old days of limited people and some family later --this will be a tidal wave far surpassing the present singles coming in.
Blame Trump for that. He killed the border bill. Everyone knows this. https://youtu.be/F9wAlYMuvg8
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Porktown
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Re: Trump 2024
2024/09/18 15:27:09
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Lindsey, you weren't supposed to say that out loud...
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r3g3
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Re: Trump 2024
2024/09/18 17:09:36
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Trump was building the wall and had a stay in Mexico agreement-many still got through but it was a problem being addressed, Around a couple of thousand a day got through as i recall,, Biden opened the gates and sold the wall sections as scrap and the stay in Mexico agreement ended,, Now we are in the millions--4 more years ???? Its up to the voters, PS- has anyone been to the SR yet this season???
post edited by r3g3 - 2024/09/18 17:11:21
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MyWar
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Re: Trump 2024
2024/09/18 19:50:54
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Porktown
MyWar The EITC should be permanent. If republicans actually cared about tax relief for working people with families, they wouldn’t have blocked it in the senate.
Democrats also need to bring back Obama’s first time homebuyer tax credit.
You can quibble over deductions or whatever all you want. But this is the kind of tax policy that makes a HUGE difference for people that are either struggling or just starting out.
I agree on the EITC. For the first time homebuyer, let me say that I feel for them. Anyone buying a home right now for that matter. I think that first time homebuyer tax credit right now would end up being devastating for most people taking it in the long run though. The housing market is in a clear bubble that will eventually burst, probably soon. Which would end up trapping thousands of younger Americans in homes that aren't worth their mortgages. A $5-$10K credit would be nothing to how much down they would be after interest rate accrual. Which is the case of just about anyone buying a house right now IMHO, minus getting that credit. That program would artificially push values even higher for a while too, from even more demand and less supply. Just about every home in the USA is currently overvalued, following historical trends, due to fall out from the pandemic. Maybe since the pandemic was truly an enormous economic altering event, residential home values may buck historical value trends? Increased remote work possibilities had many people moving to larger homes increasing demand, interest rates rose to stunt inflation, corporations and others buying residential property for investment, especially with the boom of short term rentals. Add that to the aging population, with many elderly holding onto the in demand larger family homes due to what they would get in return if sold. People don't want to sell their homes that they have maybe 10-15 years left of a 3% rate to pick up a 7% rate. I am sure you know the difference in terms of a monthly payment of those rate differences on the same value home. Sure, they may make a killing on their capital gains, but when they look at trying to upgrade, the costs with higher mortgages aren't even close to being worth it. Also factor in that many areas of the country, average homes go over the capital gains limit of $500K primary residence and lose a lot of their profit in taxes. Even in PA, Grandma sells her 4 bedroom home for $400K to get a 2 bedroom. But then finds out that the lovely $300K 2 bedroom ranch after closing fees, realtor, etc. eats up most if not all of her $400K. If she didn't fully own the last home and ending her 3% mortgage to take on a 7%, then she is actually paying more to downsize. The market just needs to sort this out and will eventually. I think a program like this would be throwing gas on a fire, to be completely honest. I would like to see more of a push to banning corporate ownership of residential homes and possibly apartment buildings under a certain size. Limits on short term rental properties (with incentives for those owning to sell). Something that goes at the root of the problem. Edit (meant to say apartments under a certain size for corporate ownership). I also think the short term rentals would need to be handled on a localized basis. I see nothing wrong with them at vacation destinations, as many already had been. A lake house, beach house, place to stay near amusement parks or other attractions, cabin in the woods, etc. I really don't know what a cutoff could be, but handled locally with help through the federal government on tax incentives. I just know they are factoring into the shortage of residential housing. For incentives, capital gains removed or reduced (since not primary residence) and possibly some form of incentive to sell if at a loss. Those putting up the risk and effort to buy these investment properties shouldn't have the rug pulled from under them.
Maybe. Maybe not. One thing about the Obama home buyer tax credit is that not all home buyers are eligible, only first time home buyers. So it wouldn’t have a broad impact across all segments of the housing market, it’s more aimed at younger people starting out. It may also provide incentive for people to buy a house that needs renovation instead of something flipped and more move in ready. That was definitely the case for me when I bought my place in 2009. Between the home buyer tax credit and some energy tax credits, I was able to replace almost every window in the house, get a new furnace and replace all my old knob and tube wiring at basically no out of pocket cost. To be fair, I did a lot of the work myself, but that cash helped ALOT with the cost of materials. I can honestly say that I don’t know if I would have ever bought a house if it wasn’t for that program, and it turned out to be one of the best decisions I ever made. You’re not wrong about a home buyer tax credit doing nothing to address the underlying housing supply shortage. But at the same time I don’t think it’s going to blow the market up by itself since it’s a bit more targeted. As part of a multi prong approach to address the housing crisis, I think it’s good policy. I think we need to do some other things like relax zoning restrictions, but your post was about tax policy, so I thought it was relevant
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Porktown
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Re: Trump 2024
2024/09/18 20:05:56
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I don’t think it would blow things up, but it would add to more demand on a limited supply. I think it would put a lot of young people in a bad situation if/when the bubble bursts. Those other factors noted are what is blowing it up already. It just needs to pop. Then maybe a time to put a program like that in place.
Now, if it was a more targeted incentive to buy and restore a fixer upper, where there isn’t a current supply shortage, that would make more sense now.
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psu_fish
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Re: Trump 2024
2024/09/19 14:11:39
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☄ Helpfulby r3g3 2024/09/19 16:52:26
Teamsters
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Porktown
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Re: Trump 2024
2024/09/19 18:21:15
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World Liberty Financial. Who’s in?
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crappiefisher
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Re: Trump 2024
2024/09/19 19:01:54
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crappiefisher
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Re: Trump 2024
2024/09/19 20:16:10
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900 pounds....
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MyWar
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Re: Trump 2024
2024/09/20 08:36:30
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Wow that NC lt governor. Republican candidates all over the country continue to prove again and again that they are indeed something special.
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r3g3
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Re: Trump 2024
2024/09/20 09:20:48
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