A Plea to Republican Voters

Discussion in 'General Discussion' started by Mygas, Dec 2, 2017.

  1. Mygas

    Mygas Administrator

    Joined:
    Jul 30, 2005
    Messages:
    424
    I'm not sure if there are any republican voters on the forums, but assuming there are...

    I want to ask that you seriously take a look at the platforms you are supporting. The pass of the republican driven Senate Bill this morning will NOT be giving you the $850 relief that's being touted on average when you do the math. Between this and net neutrality repeal that'll happen in two weeks, your party does not have you as an individual as their interest.

    To everyone in the states, please dear god vote in midterms this next month...regardless if you are Republican or Democrat.
     
  2. Paladin_girl

    Paladin_girl Between the Chapters of a Dream Staff Member

    Joined:
    Dec 4, 2004
    Messages:
    6,334
    Well-said, Ken.
     
  3. WPaladin

    WPaladin Administrator Staff Member

    Joined:
    Dec 1, 2004
    Messages:
    699
    It looks like they are loosening the pass through taxes so Katika can keep more of her author profits? Right now every bit of her sales is taxed about 46% on what she makes. Which isn't much to begin with. My brother starting his own business is in a similar boat and has the ability to pay for a few more employees with the capital investment he was given if the new tax plan goes through.

    Though we are from no income tax states and most of what we pay to the state and county is based off the house we have there which is fairly comparable. Still my family is going to do much better because our state (one of the top 5 in population) has been able to maintain a balanced budget through its tax plan. We are getting exactly what is promised.

    Now I have friends who are in New York and similar income or higher than I have and they are only breaking even in this tax plan. They aren't happy about it but, one of them is now looking to start a private practice that is looking much more affordable due to the pass through tax shift.

    The plan is going to change a lot of things but if you are someone looking to start a business of your own things are looking much better over all with the proposed plan. I understand how and what is going on and while I think they are releasing the gates on the corporations too quickly and forcing individuals to pay an equal share of federal tax burden which will cause a knee jerk in the economy. From my perspective it is no where near the doom and gloom that has been pushed forward. Especially not when I have worked through individual taxes with friends regardless of politics so far when we get down to numbers.


    As for net-neutrality. I personally require a far less corrupt inside advantaged government organization to even consider trying to make the internet not maintain a net-neutrality standard. Isa and I have discussed this at length and while I would love to have faith in oversight to keep corporations from blindly taking advantage of consumers in an age when information (the internet) needs to be freely available. The reality is if it happens now with the current organizations proposed it is handing the chicken ranch to the wolves overnight. I can't support dropping net-neutrality at this time. Not until they get a strong and just person with no personal interest as head of the oversight.
     
  4. Isa

    Isa Dovie'andi se tovya sagai

    Joined:
    Nov 7, 2005
    Messages:
    1,099
    The problem Ray is that Katika wouldn't be able to take write off things like notebooks, bookmarks, or any advertising supplies as business expenses. Your brother would be in the same boat as he wouldn't be able to write off any of his business expenses- but he could take 20% of his profits and claim them as personal income instead and pay taxes on that.

    On the one hand it looks like your paying less but when you consider that you can't deduct business expenses on pass through companies, as a property owner you are now paying property taxes for both the state and the government for the states where it's applicable (i.e. California, New York, New Jersey, Illinois, Texas, and Pennsylvania) you can no longer write off your state and local income taxes which significantly increases the tax burden on states that are already disadvantaged by federal taxes (california as it stands only get's about 28 cents in federal funding and grants for every dollar it pays in taxes). If your a Grad student having your student debt waived counts as income under the house bill, so if you're still in school working on your degree and not required to pay off your student loans yet you now have to pay taxes on money your not paying- because Grad students have so much money to spend on anything beyond essentials.

    Ultimately though even right now we don't know the full impact of the bill because they were still making changes and additions to it up until the time it was voted on which makes its nature extremely dubious. For all we know the bill when it was passed could declare all incorporated entities free of tax and require citizens to pay 80% of their income in tax- I mean I doubt even politicians are that stupid but given the human habit of proving they are in fact as stupid as you assumed they couldn't be I don't want to ignore the possibility.

    The thing is overall both political parties have taken hits to their credibility over the last few years and kissed the mat a couple times in the past few months alone so at this point if I woke up tomorrow to discover that congress was trying to pass a bill making the presidents term a life term and trump declaring the louisiana purchase as being a rip off and giving the land back to france until he negotiated for a better price I wouldn't be all that surprised.
     
    Last edited: Dec 4, 2017
  5. WPaladin

    WPaladin Administrator Staff Member

    Joined:
    Dec 1, 2004
    Messages:
    699
    The problem you express at the beginning is already in the calculation for the current version of the bill. You somehow have either been misinformed or misled to believe that self-employed or small business owners are losing write-offs for expenses. That doesn't actually change at all. The fact of the matter people like Katika and your sister will technically be taxed even less because they don't have an employer.

    https://www.snopes.com/tax-bill-small-business-deductions/

    As for the they can change it a million times. Yes they can do that. They are already handing over more than I would like to the corporations too fast but, the new rates are well within the European standard model. The high tax on individual and low on corporations is actually extremely common in western countries. Some examples as France, Germany, Canada, and Sweden for instance. I wish the transition was slower but, it looks incredibly unlikely.

    However, there is a crazy amount of leeway for people to start their own business now as it will be the cheapest in decades to start working for yourself. There is a huge amount of opportunity for everyone who dreamed of forging their own path forward. While I prefer security of working for a larger organization. That life isn't for everyone and it definitely will help Katika as she is growing her brand which I will do all I can to support.
     
  6. Mygas

    Mygas Administrator

    Joined:
    Jul 30, 2005
    Messages:
    424
    lol, I wrote a long post with my opinions on this, went out to get reference statistics, etc. Then I deleted it all, purely because there really is no point in having the discourse between ourselves. The likelihood of any person willing to change their stance on enough issues to influence how they vote is so small nowadays. Rather than playing those odds on the forum here, I just want to reiterate the original message...PLEASE VOTE IN NOVEMEBER!
     
  7. WPaladin

    WPaladin Administrator Staff Member

    Joined:
    Dec 1, 2004
    Messages:
    699
    I agree we should vote. We should discuss. I think I surprise more people than not with how I vote. There are too many terrible, corrupt, or foolish people on both sides of the isle who are too rooted in the system as it is to try and make any real change. The system is broken and cycle goes in circles. We should all vote. Especially in the primaries to get the deep rooted worst offenders out.

    A fresh set of faces is the only idea I can see to bring compromise and adaptation back to the government.