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(Bloomberg)   Good news, everybody. The GOP Tax plan actually preserves a few popular deductions. All those middle class golf course owners can breathe a sigh of relief   ( bloomberg.com) divider line
    More: Obvious, golf course, golf courses, Barack Obama, Trump National Golf, President Donald Trump, commercial real estate, conservation easements, Easement  
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1325 clicks; posted to Politics » on 10 Nov 2017 at 7:20 AM (35 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



28 Comments     (+0 »)
 
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2017-11-10 02:47:47 AM  
They don't even give a shiat how any of this looks anymore.
 
2017-11-10 03:39:49 AM  
FTFA: He said that his own accountant told him he would be a "big loser" if the deal is approved as written, according to the Washington Post, which cited people in the room who heard the president on the phone.

Sorry, Donnie - you're a big loser whether the deal passes or not.

A big, fat, short-fingered, Cheeto-stained, vulgar, pussy-grabbing, loser.
 
2017-11-10 05:58:53 AM  

fusillade762: They don't even give a shiat how any of this looks anymore.


80% of Trump voters still support him. Their base doesn't give a shiat how badly republicans screw them over as long as it's in Jesus's name or those other people get screwed over harder.
 
2017-11-10 06:17:12 AM  
Hey libtards. When you and I become millionaire golf course owners through our hard work, we'll be thrilled we don't have to pay for some ill-eagle's cancer treatments.
 
2017-11-10 07:07:18 AM  

phrawgh: Hey libtards. When you and I become millionaire golf course owners through our hard work, we'll be thrilled we don't have to pay for some ill-eagle's cancer treatments.


You won't have to pay for anyone's cancer treatments!
 
2017-11-10 07:24:02 AM  
I was told the wealth would trickle down ...

Do I need to take even more showers?
 
2017-11-10 07:24:31 AM  

enry: phrawgh: Hey libtards. When you and I become millionaire golf course owners through our hard work, we'll be thrilled we don't have to pay for some ill-eagle's cancer treatments.

You won't have to pay for anyone's cancer treatments!


And since I plan to just go to the emergency room whenever I get sick, that includes my own!

Suck on that, soshalists.
 
2017-11-10 07:30:02 AM  

Farking Clown Shoes: FTFA: He said that his own accountant told him he would be a "big loser" if the deal is approved as written, according to the Washington Post, which cited people in the room who heard the president on the phone.

Sorry, Donnie - you're a big loser whether the deal passes or not.

A big, fat, short-fingered, Cheeto-stained, vulgar, pussy-grabbing, loser.


I know none of it matters, but this is such a stupid lie by Trump that I can't even begin to understand the purpose of it.

On what planet would this tax plan be bad for someone like Trump?  Repeal the estate tax?  His stupid brood stand to save a billion dollars (if Trump's net worth is remotely true).  Get rid of the AMT?  The only return we've ever seen by Trump would have been reduced by something like $130 million.  Reduce the corporate rate?  Huge windfall. etc. etc.

Also, it isn't like he is saying this lie to a room full of complete rubes who listen to Trump with no critical thinking.  He is telling it to people who hopefully have just a bit more of an understanding of the consequences and benefits of the proposed tax plan.  Oh, Trump said, "believe me!" then it is totally 100% true.

All this lie does is serve to bring Trump's tax returns to the forefront again.  Oh, it's soooo bad for you? Prove it and release your tax returns.
 
2017-11-10 07:32:08 AM  
Does it still describe people earning half a million a year as middle class?
 
2017-11-10 07:33:55 AM  
Neither of these plans is going to help the country. It'll help the rich only, and cost us a great deal further down the road. The fact that the House wants to remove medical deductions is par for the "fark anyone not rich, go ahead and die already" agenda they have. The Senate's "Let's just delay this a few years so it doesn't look so horrible until someone else is in office" plan is just as bad. Tax reductions like this won't work, because "trickle down" doesn't work. People won't create more jobs, they'll lord over employees with the Job Hammer. "Want to keep that job so you can afford food? Work overtime and don't complain." "We can find someone else willing to do your job for less." They'll keep the profits and buy another yacht.

WTF do  you stop taxing companies at a rate that produces revenue to cover expenses? And WTF do you expect people who are the poorest to pay for it? Oh, right Providence and Dominionist principles. Fark every one of you R's supporting these POS. They gleefully hurt people, just to add a few bucks to their own bottom line.
 
2017-11-10 07:42:34 AM  
I have long thought tax policy was to influence economic activity, growth, investment.  Relative popularity does not equate to justified tax incentives.  I am not accusing any member of the current administration of competence in tax policies or economics.  Or politics, even.
This is all a nightmare.
 
2017-11-10 08:12:42 AM  
This is a desperate attempt to pay off the big money donors for the GOP and it will cost you and I 1.5 trillion in debt. We all know that.

What is not as well known unless you watch financial news is that the money being brought back to the US by companies is not restrained in usage how it should be (it was in the past when this was done). The "investment" that the GOP talks about is the companies using these offshore profits to buy their own stock to shoot stock prices higher. CEO's are payed based on stock price, so rather then building new factories like the GOP claims, it is much easier to take this windfall and jack up your stock price artificially. No jobs, no real investment in the US, just a HUGE giveaway to the very wealthy.
 
2017-11-10 08:17:02 AM  
While Republicans are eliminating many write-offs, the House version of the bill allows golf-course owners to claim deductions for promising never to build on their links.

As a right-wing businessman who likes to play a round now and again, my logical half is happy with any development that ensures that golf courses are plentiful and costs are left low. As a left-wing, nature-loving hippy who enjoys green spaces, my emotional half is happy that some of our countryside is being preserved as open area rather than being built up with dirty industry, half-empty strip malls, or crime-ridden apartment complexes.  So, generally, I think I'm ok with this deduction in principle.
 
2017-11-10 08:24:04 AM  

Yakk: This is a desperate attempt to pay off the big money donors for the GOP and it will cost you and I 1.5 trillion in debt. We all know that.

What is not as well known unless you watch financial news is that the money being brought back to the US by companies is not restrained in usage how it should be (it was in the past when this was done). The "investment" that the GOP talks about is the companies using these offshore profits to buy their own stock to shoot stock prices higher. CEO's are payed based on stock price, so rather then building new factories like the GOP claims, it is much easier to take this windfall and jack up your stock price artificially. No jobs, no real investment in the US, just a HUGE giveaway to the very wealthy.


They are planning to buy their own island which they will call, "Mexico" whereupon they will turn around and pay for the wall. Prittee clever.
 
2017-11-10 08:35:00 AM  

AquaTatanka: I was told the wealth would trickle down ...

Do I need to take even more showers?


Wait til you find out it is a golden shower.
 
2017-11-10 08:41:26 AM  

AquaTatanka: I was told the wealth would trickle down ...

Do I need to take even more showers?


Yeah, that's not wealth trickling down.
 
2017-11-10 08:41:59 AM  
How does this law prevent someone from claiming the lower value for decades then selling to a housing developer anyway?
 
2017-11-10 08:50:00 AM  
All taxable income is subject to tax at 34% or 35% where taxable income exceeds $335,000 yet we have companies in the Fortune 500 like GE who have paid ZERO federal taxes. It really makes no sense to reduce the rate if that is not what companies pay. Even small corps don't pay that rate unless they don't put any energy or thought into their tax prep so the chant of "small business is the backbone of America" and we are giving the small business owner a much needed break is just empty rhetoric yet if you watch the major news outlets from ABC to Fox you would never hear anyone challenge the basis of the GOP claims, at most we hear "there are some on the left who disagree"
 
2017-11-10 08:53:52 AM  

Ambivalence: fusillade762: They don't even give a shiat how any of this looks anymore.

80% of Trump voters still support him. Their base doesn't give a shiat how badly republicans screw them over as long as it's in Jesus's name or those other people get screwed over harder.


You can't raise their taxes. You can destroy the planet, take away their healthcare, defund government programs that help them, but you can't raise their taxes.
 
2017-11-10 08:58:59 AM  

ElwoodCuse: Ambivalence: fusillade762: They don't even give a shiat how any of this looks anymore.

80% of Trump voters still support him. Their base doesn't give a shiat how badly republicans screw them over as long as it's in Jesus's name or those other people get screwed over harder.

You can't raise their taxes. You can destroy the planet, take away their healthcare, defund government programs that help them, but you can't raise their taxes.


You can raise their taxes all you like, you just have to lie to them about it or convince them you're going to use all that money to bomb brown people.
 
2017-11-10 09:24:13 AM  
Donnie really has to be salivating over this bill. Paul Ryan is literally trying to give his family every conceivable. tax break. It boggles the imagination.
 
2017-11-10 09:44:30 AM  

Yakk: This is a desperate attempt to pay off the big money donors for the GOP and it will cost you and I 1.5 trillion in debt. We all know that.

What is not as well known unless you watch financial news is that the money being brought back to the US by companies is not restrained in usage how it should be (it was in the past when this was done). The "investment" that the GOP talks about is the companies using these offshore profits to buy their own stock to shoot stock prices higher. CEO's are payed based on stock price, so rather then building new factories like the GOP claims, it is much easier to take this windfall and jack up your stock price artificially. No jobs, no real investment in the US, just a HUGE giveaway to the very wealthy.


Not restraining the money from the tax holiday is a moot point. The 2004 tax holiday did restrain its use from funding dividends and buy backs, but the companies just violated the law with no consequnces. 92% of the money went to dividends and buybacks.

http://www.nytimes.com/2009/06/05/bus​i​ness/05norris.html
 
2017-11-10 09:51:49 AM  

Scoobie: Donnie really has to be salivating over this bill. Paul Ryan is literally trying to give his family every conceivable. tax break. It boggles the imagination.


I think it's safe to say that the Republican Party is little more than an Organized Crime family, if it wasn't already.

It seems like now would also be a ripe time to found a new party that is socially liberal, fiscally conservative, and more centrist than the Democrats. You know, like the Republicans used to be.  Start the new party, court all the actually-centrist people that the Democrat party doesn't really want, let the Democrats go farther to left, let the old-school Republicans go to prison. Win-win.
 
2017-11-10 10:34:27 AM  
In Texas you just foster a herd of longhorns. Your big real estate investment gets an ag classification leaving you time to sink that test oil well.  A great state doesn't need your money, encourages you to become wealthy without being a dick head.
 
2017-11-10 11:45:18 AM  
Yup now I can write off my putt-putt course, suck it poors and don't touch my windmill!
 
2017-11-10 11:59:55 AM  
img.fark.netView Full Size
 
2017-11-10 12:08:00 PM  
The House tax bill looks like it was written by and for wealthy real estate developers. I'm sure that has nothing to do with Trump though. It's a coincidence. Yep.
 
2017-11-10 01:04:02 PM  
i.dailymail.co.ukView Full Size
Repealing the Alternative Minimum & Estate Taxes wasn't a big enough perk to the Trump family, so this had to be added to the tax bill.
 
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