What the election could mean for your taxes

[LumRaiderFan]

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[CardinalBacker]

The long story made short is that trump’s plan will add more to the debt/deficit than Kamala’s by any explanation. 
 

Does that mean your taxes could go down? Perhaps. But I’d definitely means your dollar won’t be worth what it is now. 
 

Promising to cut taxes is no different than promising to increase entitlements. It’s just pandering to voters when we can’t afford it. 

[LumRaiderFan]

  On 10/29/2024 at 6:16 PM, CardinalBacker said:

The long story made short is that trump’s plan will add more to the debt/deficit than Kamala’s by any explanation. 
 

Does that mean your taxes could go down? Perhaps. But I’d definitely means your dollar won’t be worth what it is now. 
 

Promising to cut taxes is no different than promising to increase entitlements. It’s just pandering to voters when we can’t afford it. 

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Cutting taxes and allowing the American people and businesses to keep more money is the right thing to do.

The problem is getting someone in Congress that will actually try to cut spending, won't happen until it gets so bad it will have to happen.

Giving the federal government more money is never the right answer.

[thetragichippy]

  On 10/29/2024 at 6:16 PM, CardinalBacker said:

The long story made short is that trump’s plan will add more to the debt/deficit than Kamala’s by any explanation. 
 

Does that mean your taxes could go down? Perhaps. But I’d definitely means your dollar won’t be worth what it is now. 
 

Promising to cut taxes is no different than promising to increase entitlements. It’s just pandering to voters when we can’t afford it. 

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Weird, because under Trump's tax cut I seen a difference in my take home pay........and there was no inflation......

[CardinalBacker]

  On 10/29/2024 at 6:25 PM, LumRaiderFan said:

Cutting taxes and allowing the American people and businesses to keep more money is the right thing to do.

The problem is getting someone in Congress that will actually try to cut spending, won't happen until it gets so bad it will have to happen.

Giving the federal government more money is never the right answer.

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That time is already here. 
 

We cant afford to say “well, let me keep my money and let the kids worry about spending cuts when I’m dead.  That’s what the boomers did and look at the mess we’re in. 
 

That $2200 social security payment won’t mean a lot when a loaf of bread is $100. 

[CardinalBacker]

  On 10/29/2024 at 6:41 PM, thetragichippy said:

Weird, because under Trump's tax cut I seen a difference in my take home pay........and there was no inflation......

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The debt exploded and the inflation we experienced was a direct result of deficit spending that occurred on trump’s watch, plus the spending on Biden’s watch.  
 

Saying “you can have it all if the rich and greedy corporations paid their fair share” is a lie…. And so is “we can cut taxes-you can keep more of your money and the debt will shrink.”

Hundreds of hours of advertising, speeches, etc… and nobody will even mention attacking spending. Because freeloaders on the left and right will make sure you don’t get elected. 

[LumRaiderFan]

  On 10/29/2024 at 7:00 PM, CardinalBacker said:

That time is already here. 
 

We cant afford to say “well, let me keep my money and let the kids worry about spending cuts when I’m dead.  That’s what the boomers did and look at the mess we’re in. 
 

That $2200 social security payment won’t mean a lot when a loaf of bread is $100. 

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Here's the deal, if this exact plan was a DeSantis plan vs a Harris plan, you would be all in...and you know it.

Cutting taxes and cutting spending is our only way out, to punish the makers and continue to reward the takers is not sustainable.

[LumRaiderFan]

  On 10/29/2024 at 7:04 PM, CardinalBacker said:

The debt exploded and the inflation we experienced was a direct result of deficit spending that occurred on trump’s watch, plus the spending on Biden’s watch.  
 

Saying “you can have it all if the rich and greedy corporations paid their fair share” is a lie…. And so is “we can cut taxes-you can keep more of your money and the debt will shrink.”

Hundreds of hours of advertising, speeches, etc… and nobody will even mention attacking spending. Because freeloaders on the left and right will make sure you don’t get elected. 

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1/2 of Trump's debt was Covid, at least be honest.

[UT alum]

  On 10/29/2024 at 7:16 PM, LumRaiderFan said:

1/2 of Trump's debt was Covid, at least be honest.

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So? If he’d have led responsibly it wouldn’t have been a fraction of that.

[LumRaiderFan]

  On 10/29/2024 at 8:25 PM, UT alum said:

So? If he’d have led responsibly it wouldn’t have been a fraction of that.

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lol, ok

[Big girl]

  On 10/29/2024 at 6:41 PM, thetragichippy said:

Weird, because under Trump's tax cut I seen a difference in my take home pay........and there was no inflation......

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My take home pay was more but I owed money to the IRS. I claimed 0 dependants.

[CardinalBacker]

  On 10/29/2024 at 7:16 PM, LumRaiderFan said:

1/2 of Trump's debt was Covid, at least be honest.

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It was already exploding before COVID hit. 
 

I’ve provided the figures before… do you want me to go find them again?

[CardinalBacker]

  On 10/29/2024 at 7:14 PM, LumRaiderFan said:

Here's the deal, if this exact plan was a DeSantis plan vs a Harris plan, you would be all in...and you know it.

Cutting taxes and cutting spending is our only way out, to punish the makers and continue to reward the takers is not sustainable.

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But Trump didn’t cut spending last time, and hasn’t mentioned doing it this time. 
 

That’s why Kamala’s plan adds less to the debt than Trump’s. At least she’s trying to raise taxes to offset these current high levels of spending. 
 

Cutting corporate rates, no taxes on overtime or tips, etc…. Where will he make up for the lost tax revenue? Tariffs? Those will be passed directly on the consumers/taxpayers. 
 

None of us pay enough to support our current levels of spending.  Expecting to have your taxes cut is just greed, plain and simple. Do you know the difference between people who vote for politicians who promise gifts vs the people who vote for unsustainable tax cuts? 

NOTHING. They are the exact same… willing to vote for a turd in exchange for a larger tax refund.   

 

[LumRaiderFan]

  On 10/30/2024 at 1:07 AM, CardinalBacker said:

It was already exploding before COVID hit. 
 

I’ve provided the figures before… do you want me to go find them again?

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Not really, not too sure why you didn’t vote Harris since the choice is so clear to you.

You know I’m right, any other Republican with the EXACT same plan and you would be for it 100%.

[CardinalBacker]

  On 10/30/2024 at 1:48 AM, LumRaiderFan said:

Not really, not too sure why you didn’t vote Harris since the choice is so clear to you.

You know I’m right, any other Republican with the EXACT same plan and you would be for it 100%.

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The debt problem is bipartisan. Both parties are complicit.

It’s a way bigger problem than anything else we’re facing. But “conservatives” today are like “i don’t care… I just want to pay little to no taxes and somebody else can worry about our debt.”

 

 

[LumRaiderFan]

  On 10/30/2024 at 2:18 AM, CardinalBacker said:

The debt problem is bipartisan. Both parties are complicit.

It’s a way bigger problem than anything else we’re facing. But “conservatives” today are like “i don’t care… I just want to pay little to no taxes and somebody else can worry about our debt.”

 

 

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There are Republicans that bring up tax cuts but they’re always met with they’re taking food out of kids mouths or throwing grandma over the cliff nonsense.

I don’t care who caused the problem at this point but the answer is definitely not your way by saying oh well, we know we’re going to overspend so the only answer is to overtax.

Cutting the spending, whether taxes are cut or not is the only way out, but I’m not holding my breath.

The federal government is paying for way more crap than is was ever designed to pay for.