WWTBAM Bored

A home for the weary.
It is currently Wed Nov 22, 2017 11:31 pm

All times are UTC - 6 hours




Post new topic Reply to topic  [ 17 posts ] 
Author Message
PostPosted: Tue Nov 07, 2017 4:22 pm 
Offline
Bored Moderator
User avatar

Joined: Mon Oct 08, 2007 12:02 pm
Posts: 15811
Location: By the phone
There's been a lot of press about how the Republican tax bill is stripping out the deduction for state and local income taxes. Here's the part that's not getting publicity. As the bill is currently written, those taxes will remain deductible when it's considered an expense of generating income. What does that mean in practice? It means business owners (such as my equity partners) will continue to enjoy the deduction, but employees (such as our staff) will not. As for me, I would probably be able to qualify for the deduction by forming a professional corporation and having the firm hire the corporation to do my work. In short, the rich will be able to keep the deduction. The poor will get screwed.

Here's another one I just learned about. Like most graduate students, when I was in grad school, I got a tuition waiver. Under the new bill, that waiver will suddenly be considered income. The practical impact will be to add thousands of dollars to the tax bills of many, many graduate students. And since a typical stipend for these students is in the low 20s (at most), that means an awful lot of people will find themselves priced out of graduate school entirely.

And all of this is to provide a tax cut for the rich that they don't need, and to blow a $1.2 trillion hole in the deficit. How can anyone think this is good public policy? How can anyone think this is anything but a naked political payoff?

I'm really looking forward to knocking on doors next fall to get out the vote in some presently Republican districts. Because absolutely every Republican Congressman in California voted to make this possible. --Bob

_________________
"Question with boldness even the existence of a God; because, if there be one, he must more approve of the homage of reason than that of blindfolded fear." Thomas Jefferson


Top
 Profile  
Reply with quote  
PostPosted: Tue Nov 07, 2017 5:56 pm 
Offline
User avatar

Joined: Mon Oct 08, 2007 8:07 pm
Posts: 2996
Location: Lacey, Washington
Bob78164 wrote:
There's been a lot of press about how the Republican tax bill is stripping out the deduction for state and local income taxes. Here's the part that's not getting publicity. As the bill is currently written, those taxes will remain deductible when it's considered an expense of generating income. What does that mean in practice? It means business owners (such as my equity partners) will continue to enjoy the deduction, but employees (such as our staff) will not. As for me, I would probably be able to qualify for the deduction by forming a professional corporation and having the firm hire the corporation to do my work. In short, the rich will be able to keep the deduction. The poor will get screwed.

Here's another one I just learned about. Like most graduate students, when I was in grad school, I got a tuition waiver. Under the new bill, that waiver will suddenly be considered income. The practical impact will be to add thousands of dollars to the tax bills of many, many graduate students. And since a typical stipend for these students is in the low 20s (at most), that means an awful lot of people will find themselves priced out of graduate school entirely.

And all of this is to provide a tax cut for the rich that they don't need, and to blow a $1.2 trillion hole in the deficit. How can anyone think this is good public policy? How can anyone think this is anything but a naked political payoff?

I'm really looking forward to knocking on doors next fall to get out the vote in some presently Republican districts. Because absolutely every Republican Congressman in California voted to make this possible. --Bob


TAX CUT FOR THE RICH. The dems are taught to say that in their sleep. Maybe it is, but most of us have a hard time believing anything that comes from the mouths of Pelosi, Schumer, et al. That is the big problem with your strategy of resisting everything. It is assumed that you will criticize whatever comes from the other side. So even if one time out of ten you are correct, we assume it's just your strategy and ignore it. Children will be children.

_________________
Arkansas Gulls -2007 BBBL Champions


Top
 Profile  
Reply with quote  
PostPosted: Tue Nov 07, 2017 6:29 pm 
Offline
Bored Moderator
User avatar

Joined: Mon Oct 08, 2007 12:02 pm
Posts: 15811
Location: By the phone
flockofseagulls104 wrote:
Bob78164 wrote:
There's been a lot of press about how the Republican tax bill is stripping out the deduction for state and local income taxes. Here's the part that's not getting publicity. As the bill is currently written, those taxes will remain deductible when it's considered an expense of generating income. What does that mean in practice? It means business owners (such as my equity partners) will continue to enjoy the deduction, but employees (such as our staff) will not. As for me, I would probably be able to qualify for the deduction by forming a professional corporation and having the firm hire the corporation to do my work. In short, the rich will be able to keep the deduction. The poor will get screwed.

Here's another one I just learned about. Like most graduate students, when I was in grad school, I got a tuition waiver. Under the new bill, that waiver will suddenly be considered income. The practical impact will be to add thousands of dollars to the tax bills of many, many graduate students. And since a typical stipend for these students is in the low 20s (at most), that means an awful lot of people will find themselves priced out of graduate school entirely.

And all of this is to provide a tax cut for the rich that they don't need, and to blow a $1.2 trillion hole in the deficit. How can anyone think this is good public policy? How can anyone think this is anything but a naked political payoff?

I'm really looking forward to knocking on doors next fall to get out the vote in some presently Republican districts. Because absolutely every Republican Congressman in California voted to make this possible. --Bob


TAX CUT FOR THE RICH. The dems are taught to say that in their sleep. Maybe it is, but most of us have a hard time believing anything that comes from the mouths of Pelosi, Schumer, et al. That is the big problem with your strategy of resisting everything. It is assumed that you will criticize whatever comes from the other side. So even if one time out of ten you are correct, we assume it's just your strategy and ignore it. Children will be children.
Do your own research. I'm relying on economists and tax professionals, not politicians. --Bob

_________________
"Question with boldness even the existence of a God; because, if there be one, he must more approve of the homage of reason than that of blindfolded fear." Thomas Jefferson


Top
 Profile  
Reply with quote  
PostPosted: Tue Nov 07, 2017 6:46 pm 
Offline
User avatar

Joined: Mon Oct 08, 2007 11:21 pm
Posts: 13862
flockofseagulls104 wrote:
but most of us have a hard time believing anything that comes from the mouths of Pelosi, Schumer, et al. That is the big problem with your strategy of resisting everything.


First, let me thank you and BiT for the really nice things you said about my current problem. The support I've gotten from you and everyone on the Bored is greatly appreciated.

But the "most of us" you're talking about here doesn't seem to be most of the public, which is highly skeptical of the Republican tax bill:

https://www.npr.org/2017/11/02/56142272 ... x-overhaul

_________________
Check out our website: http://www.silverscreenvideos.com
Our Silver Screen Central blog is now live. Check it out (and join the discussion): http://www.silverscreenvideos.com/central


Top
 Profile  
Reply with quote  
PostPosted: Tue Nov 07, 2017 6:59 pm 
Offline
User avatar

Joined: Mon May 24, 2010 4:48 am
Posts: 2008
Location: Cincinnati, OH, USA
flockofseagulls104 wrote:
That is the big problem with your strategy of resisting everything. It is assumed that you will criticize whatever comes from the other side.


We're still waiting for you to explain the eight years that you've spent prejudicially criticizing PRESIDENT Obama, thou hypocrite.

_________________
"... the baseless self-serving persecution foisted upon the Bored by Beast, Estonut, jarnon, Bob#s, and Weasel [in June]. Nonetheless, my life and this game go on as scheduled. Both my life and this game MUST go on, full speed, in direct defiance of the prejudice. Otherwise, the terrorists win."


Top
 Profile  
Reply with quote  
PostPosted: Wed Nov 08, 2017 1:00 am 
Offline
User avatar

Joined: Mon Oct 08, 2007 11:58 am
Posts: 20700
Location: Oro Valley, Arizona
The company I contract to is going to make an offer to hire me as an employee. As it's actually my LLC that has the contract, I'd be able to continue to take the tax deduction unless I hired-on. That's something to factor into my negotiations. Thank for mentioning that, Bob.

_________________
I may not have gone where I intended to go, but I think I have ended up where I needed to be.
- Douglas Adams (1952 - 2001)

Si fractum non sit, noli id reficere.

Teach a child to be polite and courteous in the home and, when he grows up, he'll never be able to drive in New Jersey.


Top
 Profile  
Reply with quote  
PostPosted: Wed Nov 08, 2017 3:17 pm 
Offline
Bored Moderator
User avatar

Joined: Mon Oct 08, 2007 12:02 pm
Posts: 15811
Location: By the phone
I almost forgot about this one. The Republicans also want to repeal the deduction for student loan interest. Because, y'know, if your parents aren't rich enough to pay cash for your college education, you prolly don't deserve to go to college anyway.

There are a lot of Congressional districts within easy driving distance of me that bear strong resemblances to the Virginia districts that flipped last night, and each one of their Representatives has voted in lockstep with the Republican agenda. My biggest problem next fall will be choosing among them to spend my time. --Bob

_________________
"Question with boldness even the existence of a God; because, if there be one, he must more approve of the homage of reason than that of blindfolded fear." Thomas Jefferson


Top
 Profile  
Reply with quote  
PostPosted: Thu Nov 09, 2017 7:40 am 
Offline
User avatar

Joined: Tue Oct 09, 2007 8:03 am
Posts: 6424
Location: Federal Bureaucracy City
Bob78164 wrote:
There are a lot of Congressional districts within easy driving distance of me that bear strong resemblances to the Virginia districts that flipped last night, and each one of their Representatives has voted in lockstep with the Republican agenda. My biggest problem next fall will be choosing among them to spend my time. --Bob
My problem is that I'm in one of the bluest states in the country. All our reps and both senators have the (D) after their names. The state legislature (excuse me, General Court) is overwhelmingly (D). We have a tradition of electing (R) governors, going back at least into the 1960s and John Volpe through to Romney and our current leader. But they're moderates by necessity, if not inherently so. Even neighboring states are primarily (D). So I donate to the (D)'s as the alternative.

If I do manage to retire next year, I may look into being part of the phone banks making proselytizing calls around the country. Anyone have other suggestions that I haven't thought of and probably don't know about?

P.S. I got screwed in the 1986 tax reforms, and it'll happen again if the (R) plan passes in its current form. I'm okay with taxes in general, but this reverse Robin Hood bit is getting old. There is no economic theory - nay, no theory of any kind - more appropriately named than the Laffer curve.

_________________
"Part of the time we have to worry, between elections, about the country's government"
- Tom Foley, Speaker of the House, after being criticized by Democrats in his own caucus for being "insufficiently partisan"


Top
 Profile  
Reply with quote  
PostPosted: Thu Nov 09, 2017 8:32 am 
Offline
User avatar

Joined: Tue Oct 09, 2007 11:09 am
Posts: 6310
Please don't be in a phone bank. Or an e-mail bank. The DNC seriously has to get me off their lists. Yes, I know I could supposedly block the e-mail. Rather drastic. For phone & do-not-call list, if you ever gave they're allowed to call you.

I of course support their candidates & causes with my vote whenever I can, but I don't even have loose money right now for charities I used to give to.

I drop money in a bucket if I think it really is going to good cause, but I don't give out my phone # or e-mail or address, but the solicitations just keep on coming.

Door-to-door canvassing does work on me, & you might find you get some discussions going that way on things like national gun control even here in largely-D Mass.

And yes, I could get a landline that lights up better to tell me who a call is from, but I can't not pick up even "no name" calls for fear of missing emergency calls.


Top
 Profile  
Reply with quote  
PostPosted: Thu Nov 09, 2017 11:45 am 
Offline
User avatar

Joined: Mon Oct 08, 2007 8:07 pm
Posts: 2996
Location: Lacey, Washington
I can't think of anything that would be more annoying, off-putting, or counter-productive than to have some stranger knocking at my door and trying to persuade me to vote for one candidate or another. (Well, actually I can, but not too many.)

Anywhere you look these days, you get emails, phone calls, Facebook posts, TV, radio all spewing out their talking points that skewer the other side, none of which tell the whole truth. "We're the good guys, they want to murder people in their sleep." "My candidate is a super-hero with a darling little family, the other guy takes lollipops from little kids." Any candidate that allows ads in their name that personally disparages their opponent is automatically put into the 'creep' category for me. Unfortunately, most of the time you only have creeps to choose from. Our last Presidential election was the perfect example. Trump is way up in the creep category, and that was his main campaign strategy. But, luckily for him, he was up against one of the few people who is a bigger creep than he is. I could not vote for either of them. And I didn't.

From my point of view, very few people that run for public office, especially national offices, are very concerned about what's in the long-term best interests of the country. They are concerned with consolidating individual and party power. Who else would willingly put themselves through the process of getting elected? That is all well and good, and it's what we have come to. Just look at some of the people we have put in positions of power who have been exposed for the creeps that they really are. And then think of the possibility of how many others there are that are just as corrupt that have NOT been exposed. I never donate money to either party, because it just encourages them, and I know that will make them start sending me their propaganda. I know that's not going to have much of an effect, because they will always get big money from people who want them to do something specific for them.

The main thing that we can do is to try and elect the candidate that might be the least corrupt and then make sure that they do not consolidate any more power over our rights, our tax money and our lives than they already have. Do not support anyone who wants MORE government control over things. Assume that they will abuse their power.

Just my opinion.....

_________________
Arkansas Gulls -2007 BBBL Champions


Last edited by flockofseagulls104 on Thu Nov 09, 2017 12:02 pm, edited 1 time in total.

Top
 Profile  
Reply with quote  
PostPosted: Thu Nov 09, 2017 11:54 am 
Offline
User avatar

Joined: Tue Oct 09, 2007 11:09 am
Posts: 6310
Gee, I've voted for local candidates for alderperson just because they knocked on my door & discussed local issues with me. None of them dissed the competition. One just won.


Top
 Profile  
Reply with quote  
PostPosted: Thu Nov 09, 2017 12:05 pm 
Offline
User avatar

Joined: Mon Oct 08, 2007 8:07 pm
Posts: 2996
Location: Lacey, Washington
ghostjmf wrote:
Gee, I've voted for local candidates for alderperson just because they knocked on my door & discussed local issues with me. None of them dissed the competition. One just won.

I would welcome the opportunity to talk with the actual candidate, but not one of their surrogates. But how often would that happen? I would gladly have talked to Hillary if she came to my door. That would be interesting. If bob came to my door, I'd politely tell him to go run along.

_________________
Arkansas Gulls -2007 BBBL Champions


Top
 Profile  
Reply with quote  
PostPosted: Thu Nov 09, 2017 1:06 pm 
Offline
Bored Moderator
User avatar

Joined: Mon Oct 08, 2007 12:02 pm
Posts: 15811
Location: By the phone
ghostjmf wrote:
Gee, I've voted for local candidates for alderperson just because they knocked on my door & discussed local issues with me. None of them dissed the competition. One just won.
That's been my experience as well. Herb Wesson first got my attention because someone who described himself as a friend (of Wesson's) knocked on my door and explained why Wesson was getting his support for Assembly. Wesson was elected (I liked what I had heard and voted for him), eventually became Speaker of the Assembly, and currently sits on the City Council.

Before law school, I did door-to-door political fundraising. You might call it community organizing. Some people, like flock, don't want to be bothered and that's fine. But many people value the opportunity to have a political discussion with someone who is both reasonably well informed and may have direct access to the candidate. --Bob

_________________
"Question with boldness even the existence of a God; because, if there be one, he must more approve of the homage of reason than that of blindfolded fear." Thomas Jefferson


Top
 Profile  
Reply with quote  
PostPosted: Thu Nov 09, 2017 1:08 pm 
Offline
Bored Moderator
User avatar

Joined: Mon Oct 08, 2007 12:02 pm
Posts: 15811
Location: By the phone
gsabc wrote:
Bob78164 wrote:
There are a lot of Congressional districts within easy driving distance of me that bear strong resemblances to the Virginia districts that flipped last night, and each one of their Representatives has voted in lockstep with the Republican agenda. My biggest problem next fall will be choosing among them to spend my time. --Bob
My problem is that I'm in one of the bluest states in the country. All our reps and both senators have the (D) after their names. The state legislature (excuse me, General Court) is overwhelmingly (D). We have a tradition of electing (R) governors, going back at least into the 1960s and John Volpe through to Romney and our current leader. But they're moderates by necessity, if not inherently so. Even neighboring states are primarily (D). So I donate to the (D)'s as the alternative.

If I do manage to retire next year, I may look into being part of the phone banks making proselytizing calls around the country. Anyone have other suggestions that I haven't thought of and probably don't know about?

P.S. I got screwed in the 1986 tax reforms, and it'll happen again if the (R) plan passes in its current form. I'm okay with taxes in general, but this reverse Robin Hood bit is getting old. There is no economic theory - nay, no theory of any kind - more appropriately named than the Laffer curve.
I think that one of New Hampshire's representatives is Republican. Perhaps you could manage a few days up there next fall. --Bob

_________________
"Question with boldness even the existence of a God; because, if there be one, he must more approve of the homage of reason than that of blindfolded fear." Thomas Jefferson


Top
 Profile  
Reply with quote  
PostPosted: Thu Nov 09, 2017 1:22 pm 
Offline
User avatar

Joined: Mon Oct 08, 2007 8:07 pm
Posts: 2996
Location: Lacey, Washington
Quote:
reasonably well informed and may have direct access to the candidate.


Right..... Reasonably well informed of the approved talking points. Gimmee a break, bob.

_________________
Arkansas Gulls -2007 BBBL Champions


Top
 Profile  
Reply with quote  
PostPosted: Thu Nov 09, 2017 1:28 pm 
Offline
Bored Moderator
User avatar

Joined: Mon Oct 08, 2007 12:02 pm
Posts: 15811
Location: By the phone
flockofseagulls104 wrote:
Quote:
reasonably well informed and may have direct access to the candidate.


Right..... Reasonably well informed of the approved talking points. Gimmee a break, bob.
How perceptive of you to know what people are going to say even before they've said it. --Bob

_________________
"Question with boldness even the existence of a God; because, if there be one, he must more approve of the homage of reason than that of blindfolded fear." Thomas Jefferson


Top
 Profile  
Reply with quote  
PostPosted: Thu Nov 09, 2017 3:41 pm 
Offline
Evil Genius
User avatar

Joined: Sat Oct 13, 2007 1:16 am
Posts: 8562
Location: Garden Grove, CA
Bob78164 wrote:
Herb Wesson first got my attention because someone who described himself as a friend (of Wesson's) knocked on my door and explained why Wesson was getting his support for Assembly. Wesson was elected (I liked what I had heard and voted for him), eventually became Speaker of the Assembly, and currently sits on the City Council.
This doesn't sound like doing independent research and deciding for yourself...

_________________
A child of five would understand this. Send someone to fetch a child of five.
Groucho Marx


Top
 Profile  
Reply with quote  
Display posts from previous:  Sort by  
Post new topic Reply to topic  [ 17 posts ] 

All times are UTC - 6 hours


Who is online

Users browsing this forum: No registered users and 7 guests


You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum

Jump to:  
Powered by phpBB® Forum Software © phpBB Group
Americanized by Maƫl Soucaze.