After two years, Trump's tax cuts have failed Americans

[dozu888]

The more important question is. What r u gonna do for the next 5 years. During which the SP gets to 5000.

If you believe maga is real you will likely take advantage and become rich like me. (I am waiting for certain losers to get triggered hahaha)

Or if you stay brain washed and believe this is all house of cards that will come crashing down any day then you will stay empty handed and butt hurt while watching the market goes up and you have nothing to show for.

 

[El OchoCinco]

....stay on topic.

Deregulation has been on going for many years. When I dealt with the government in early 2000s they already had a push with the Paperwork Reduction Act and even had policies about reviewing all CFR regs to streamline things. You are being brainwashed to believe this is a sudden new thing.

Anyone who I ask to show detailed analysis of a dereg that created jobs and money they all quote the brainwash stuff they hear on TV.

If you are only making money in last two years with SP500 moving higher then you are a bad trader since the market has been on an upward trajectory for past 10 years. Has nothing to do with MAGA or anything related to the Executive Branch.

Put down the kool aid and think for yourself and stop pulling the knee pads out for a President.

 

[ph1l]

You were lied to.

Yes, about the only thing Trump and Truth have in common is the letters, "T," "r," and "u."

Politicians around the world seem to have that problem too.

To win the 2020 Presidential Election, all the Democrats need to do is put up a not-too-radical candidate. But if the choices are between Trump and Sanders (or Warren), it would be like a deciding between Hitler and Stalin. Then the outcome would be harder to handicap.

 

[ph1l]

I'm curious...What would your financial penalty have been had you not bought the mandatory insurance?

According to
https://taxpayeradvocate.irs.gov/estimator/isrp/estimator.htm
my 2018 penalty would have been $4,410.03

So for 2018, having health insurance for my wife and myself cost me about $6,600 over the penalty amount.

My income depends solely on investments/speculation and is not easy to control mostly because of variable capital gains. This makes it hard to keep it below the Obamacare subsidy limits. And the unsubsidized health insurance premiums and deductibles are overly expensive.

 

[Overnight]

According to
https://taxpayeradvocate.irs.gov/estimator/isrp/estimator.htm
my 2018 penalty would have been $4,410.03

So for 2018, having health insurance for my wife and myself cost me about $6,600 over the penalty amount.

Fucking madness.

I remember the first 6 or so years after Obamacare was implemented, in MA the penalty was something like $90 if you had no insurance. That has of course changed, and it is now a percentage of your AGI, once MA had the "MA Heath Connector" fully implemented with the state's Medicaid (Romneycare) and ACA combined. It still rocks up here if you are a low-income worker, and even if you are low-middle-class, under a certain income limit.

 

[newwurldmn]

So the tax cut and the deregulation and the removal of the individual mándate all have zero effects. That sounds like denial.

That graph showing low wage workers saw thei pays shot up since 2017. MAGA is real. Don’t be brain washed by the left fake news.

In nov 2019 you will see a massive landslide even bigger than 2016 because the people have seen the benefits of the trump policies to their pocket books.

Correct, the tax cuts did nothing but inflate the stock market.



Their pay shot up because there is a shortage of hourly employees. I believe this is due to a combination of a strong economy and the growth of the gig economy. It was happening before trump took over but went hyperbolic in 2018, which anyone who has experience with our economic system understands the implications of.

I was at ground zero of it (in both blue and red states).

 

[newwurldmn]

Fucking madness.

I remember the first 6 or so years after Obamacare was implemented, in MA the penalty was something like $90 if you had no insurance. That has of course changed, and it is now a percentage of your AGI, once MA had the "MA Heath Connector" fully implemented with the state's Medicaid (Romneycare) and ACA combined. It still rocks up here if you are a low-income worker, and even if you are low-middle-class, under a certain income limit.

Mass health insurance is bonkers compared to other states

 

[dozu888]

Correct, the tax cuts did nothing but inflate the stock market.



Their pay shot up because there is a shortage of hourly employees. I believe this is due to a combination of a strong economy and the growth of the gig economy. It was happening before trump took over but went hyperbolic in 2018, which anyone who has experience with our economic system understands the implications of.

I was at ground zero of it (in both blue and red states).

lol I am speechless.

believe whatever you want... I just want to point out that having a wrong bias is very bad to a trader's account balance..

 

[El OchoCinco]

Yes, about the only thing Trump and Truth have in common is the letters, "T," "r," and "u."

Politicians around the world seem to have that problem too.

To win the 2020 Presidential Election, all the Democrats need to do is put up a not-too-radical candidate. But if the choices are between Trump and Sanders (or Warren), it would be like a deciding between Hitler and Stalin. Then the outcome would be harder to handicap.

This is the problem the Dems face. When confronted with an opposing side they disagree with so strongly the tendency is to swing so far to the other side you become your own worst enemy.

The fact that Sanders is still popular enough to be around again in the mix after 2016 shows the Dems have an identity issue that is covered up by their dislike for Trump but will be exposed next year.

 

[El OchoCinco]

According to
https://taxpayeradvocate.irs.gov/estimator/isrp/estimator.htm
my 2018 penalty would have been $4,410.03

So for 2018, having health insurance for my wife and myself cost me about $6,600 over the penalty amount.

My income depends solely on investments/speculation and is not easy to control mostly because of variable capital gains. This makes it hard to keep it below the Obamacare subsidy limits. And the unsubsidized health insurance premiums and deductibles are overly expensive.

What was the basis for your penalty? Were you a small business owner or independent contractor?