Are you going to accept your Trump tax cut? (NOT A POLITICS THREAD)

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:What a stupid thread. Who is stopping you from donating?? Tax was killing us so I am glad with any reduction.

Tax was killing who? The people in most economic peril aren't getting any relief here.

No one is stopping me from donating. I haven't decided what to do, in part because it's not clear how much of a winner I'll be. I'm curious if other wealthy people are considering doing it.

I am helping you decide what to do because, obviously, this is bothering you. Also, "not political" my a$$.

I don't want to talk about whether it was a good or bad idea to pass it.

I have my feelings and I'm not trying to debate them. I'm trying to talk about what people will really do with the money and if anyone who is opposed to the bill has qualms about taking their windfall given the extremley limited nature of who gets it.

You are such a good boy, or girl.

Girl, guarantee it. No sane male thinks this way.

[Anonymous]

Isn't this another "look at me, look at me" thread? I doubt OP will donate anything.

[Anonymous]

Absolutely. We'll take any tax cut we can get. HHI over $500K and we've been paying a fortune in taxes for decades.

[Anonymous]

Our income has gone down this year which was directly cause by the new administration. So we will certainly keep any tax benefit we get.

[Anonymous]

Anonymous wrote:Yes I will take any tax cut I get. I didn't vote for this, but I am going to use any tax savings to keep my family safe.

+100

So much uncertainty about how far our country, economy, and the rule of law may fall - trying to prepare myself and my family

[Anonymous]

Anonymous wrote:You don’t need to break it into Trump part and non Trump part. It is not like taxes before Trump are the gold standard. Feel free to donate any part of your income that you believe should go to less fortunate.

This is the rhetorical trick the dem party has pulled off for 30 years now. That the tax rates during the Clinton years are the “correct” rates and any tax rates below that at any time constitute an irresponsible “tax cut.”

Actually, no. These are now the tax rates, full stop.

At some point the dems will be back in power and they can raise taxes if they choose to. But the Clinton tax rates have not been proven to be some sort of magic elixir for the economy.

[Anonymous]

Why wouldn't I? You'd have to be pretty stupid to not take it.

[Anonymous]

Highly doubt there will be a tax cut, and even if there is, I will apply it to the many things her I now have to pay for -
Tariffs making my groceries 30% higher
Higher insurance premiums
Full price for vaccines
Bigger donation to keep my npr and pbs on the air
And the list goes on

[Anonymous]

Anonymous wrote:Isn't this another "look at me, look at me" thread? I doubt OP will donate anything.

It was actually a "look at this Washignton Post article, let's discuss" thread.

[Anonymous]

Anonymous wrote:Absolutely. We'll take any tax cut we can get. HHI over $500K and we've been paying a fortune in taxes for decades.

IF so, you've been doing it wrong.

Tax rates on high-income are not particularly high.

[Anonymous]

I was thinking of donating it, but with a HHI of 350k, we still can’t afford to buy a home in NW DC… and considering there seems to be a 50/50 chance the economy will completely tank, we’ll probably end up saving it.

[Anonymous]

Anonymous wrote:I was thinking of donating it, but with a HHI of 350k, we still can’t afford to buy a home in NW DC… and considering there seems to be a 50/50 chance the economy will completely tank, we’ll probably end up saving it.

Why do you think that?

[Anonymous]

Ours would have gone up a good amount if it reverted to 2017 levels but I doubt we will see much of an impact. I would have been very supportive of the rates going back up if it was focused on reducing the deficit.

[Anonymous]

Anonymous wrote:I was thinking of donating it, but with a HHI of 350k, we still can’t afford to buy a home in NW DC… and considering there seems to be a 50/50 chance the economy will completely tank, we’ll probably end up saving it.

OP, agreed. I think this is where I'm going to come down.

My understanding of the theory of why you should give tax cuts is the rich is to make them spend which will trickle down, but I can't imagine spending in this economy.

[Anonymous]

Anonymous wrote:Ours would have gone up a good amount if it reverted to 2017 levels but I doubt we will see much of an impact. I would have been very supportive of the rates going back up if it was focused on reducing the deficit.

I think the days of anyone caring about the deficit are long gone.