Umm everyone is asking for term limits genius.

Is this where I suggest Trump should've pressured Congress and you say they would never go along with it anyway so Trump shouldn't be expected to fight for the little guy?

the point i was getting at is that no matter who signs the bills or writes them, it will result in the bigtime accounting forces figuring out what needs to be done to reduce tax burden. untill we do away with that part of American society then it will not change.

and im fairly liberal/progressive when it comes to taxes. it runs counter to my personal position in that i end up getting a lot more taken out taxwise, but so be it

okay so realistically there are a couple methods that can make this more “equitable” in terms of taxes:

no more carry forward losses (or severe restrictions on amounts and time it can be applied forward)
flat taxes no deductions

i would like these implemented

now some want to tax wealth which is a total non-starter. own a home? well have fun paying additional taxes on it Your portfolio of stocks you wisely invested in thanks to sagely advice of excellence@d2jsp? enjoy selling 10% of it each year to fulfill your tax obligation (oh and dont forget captain gains taxes on those as well!!)

This post was edited by excellence on Sep 28 2020 09:14am

The next logical point in conversation is:

does anyone believe trump was really wanted Or rather intended to change the tax code for the benefit of average Joe. Or rather, to have more accountability at the top which I think was more his claim
Obviously it was just a talking point.

If you try and fail, or even incompetent and fail, that’s one problem. Just selling lies is different, and America is too stupid to understand the difference.

Honestly we should all move to japan

My position on this hasn't changed from 2012 to now.

Trump is obligated to pay what he owes in accordance with the law. It's poor framing to use words "[take] advantage", he is either onside or he is not. If he did not make money, or he posted losses which offset income earned, then I don't have any fundamental issue with his tax bill.

It's fair to ask why Trump's tax reform bill did not do more to address some of the fundamental challenges with our tax law, and it's fair to expect an answer, but it has nothing to do with his personal finances. People who hate the man will feign outrage, and his supporters will cheer him on. It's a meaningless distraction.

Your initial statement was “Don’t compared Trump to other successful billionaires, because Trump has never run a stable profitable business,” This isn’t true. Now you’re adding the caveat of, well, he’s never run a billion-dollar company, only several that make hundreds of millions of dollars a year, ha!

Mk there buddy. It’s not a big deal, I just wanted to correct the platitude of “Trump has never ran a profitable business / they all went bankrupt!” that I see repeated a lot

Mostly. Is this somehow unique to Trump?





'pressure' people into doing something after they've opposed you at every level and have called you a rapist, Russian plant, etc?

In the US it's the voters job to pressure. You can call up your congress person and pressure. The president is not a king with absolute power able to force congress to change laws.

This post was edited by ofthevoid on Sep 28 2020 09:15am

Ya I’m not smart enough to know what specifically needs to be changed and how. I know it’s a very complex issue and know I don’t have the knowledge to have an informed conversation about. Objectively we can state that the wealth gap is widening at increasingly rates so whatever is occurring presently is unsustainable.

Like you in against asset taxes because you have already paid taxes on the funds used to acquire those assets in the first place. Additional profit ON existing assets is a different point which I agree with taxes on.



I never said it was. Only that he isn’t part of the working solution to the specific question at hand - tax reform

This post was edited by Bazi on Sep 28 2020 09:27am

I added no caveat

Name a billion dollar business that is still being successfully run by him as 2016

Trump organization is not a business

I will wait

How do you think he paid zero taxes? By running profitable billion dollar businesses? Oh I am sorry I will rephrase more specifically to your post. By having business that “make only several hundred million dollar late a year?” No. By having companies that show consistent losses. NOT profits

@excellence
@ofthevoid

Do you see the lack of insight into the issue here? Like why is this point even up for contention and why does it need explanation. This the level of insight demonstrated by his average supporter

This post was edited by Bazi on Sep 28 2020 09:38am

Thats profit defined as a transaction ie: i sold my house/stocks at a profit, which i pay taxes on. this is fine and how it is now and should be

the wealth tax will be like this: you own 500 shares of company xyz, which goes up 50% in stock price this year. you have to pay a tax on this balance because your net worth went up even though you conducted zero transactions to realize a profit

and yeah the tax system is so complicated which is why it boggles the mind when people argue against simplifying it for increased transparency