Now the Trump admin wants to bypass Congress

[Penelope]

and give a huge tax cut to the wealthy.

Trump weighs big tax cut for rich: report

 

[EvilCat Breath]

if the poor get a tax cut, if at all, it is very small. They pay very little in taxes and cannot get any kind of substantial tax cut.

 

[JGalt]

Why not give a tax cut to those who pay in most of the taxes, and who are the job creators?

I have no class envy against anyone who's been successful, and I've never been given a job by a poor person.

 

[EvilCat Breath]

Each and every day, 10 men go to a restaurant for dinner together. The bill for all 10 comes to $100 each day. If the bill were paid the way we pay our taxes, the first four would pay nothing; the fifth would pay $1; the sixth would pay $3; the seventh $7; the eighth $12; the ninth $18. The 10th man – the richest – would pay $59. Although the 10 men didn't share the bill equally, they all seemed content enough with the arrangement – until the restaurant owner threw them a curve.


"You're all very good customers," the owner said, "so I'm going to reduce the cost of your daily meal by $20. I'm going to charge you just $80 in total." The 10 men looked at each other and seemed genuinely surprised, but quite happy about the news.

The first four men, of course, are unaffected because they weren't paying anything for their meals anyway. They'll still eat for free. The big question is how to divvy up the $20 in savings among the remaining six in a way that's fair for each of them. They realized that $20 divided by six is $3.33, but if they subtract that amount from each person's share, then the fifth and sixth men would end up being paid to eat their meals. The restaurant owner suggested that it would be fair to reduce each person's bill by roughly the same percentage, and he proceeded to work out the amounts that each should pay.


The results? The fifth man paid nothing, the sixth pitched in $2, the seventh paid $5, the eighth paid $9, the ninth paid $14, leaving the 10th man with a bill of $50 instead of $59. Outside the restaurant, the men began to compare their savings. "I only got one dollar out of the $20," said the sixth man, pointing to the 10th man, "and he got $9!" "Yeah, that's right," exclaimed the fifth man. "I only saved a dollar, too! It's not fair that he got nine times more than me!" "That's true," shouted the seventh man. "Why should he get back $9 when I only got $2? The rich get all the breaks!" "Wait a minute," yelled the first four men in unison. "We didn't get anything at all. The system exploits the poor!"

The nine outraged men surrounded the 10th and brutally assaulted him. The next day, he didn't show up for dinner, so the nine sat down and ate without him. But when it came time to pay the bill, they faced a problem that they hadn't faced before. They were $50 short.

The moral

There are a couple of lessons to be learned here. The first is an observation: If the 10 individuals had been women, they probably would have figured things out. But in all seriousness, I'm going to suggest that the approach taken by the restaurant owner in the story is exactly the right approach to divvying up tax cuts. It's how our system should work. The people who pay the highest taxes should get the greatest relief from a tax cut, in absolute dollars.

The fact is, if you overtax the rich, they just might not show up for dinner next time. After all, there are plenty of good restaurants around the world.

This story is relevant today because both the Conservatives and the Liberals have proposed to cut taxes – in different ways. The Liberals have said that they would offer no tax cuts to the rich, but would instead increase the tax burden on the highest earners. The problem with this, of course, is that pushing any taxpayer's marginal tax rate to 50 per cent or higher (which would be the case for many Canadians, particularly in provinces that also have taken steps to increase the marginal tax rate for the highest earners) will absolutely cause those folks to explore new ways to bring the tax burden down. And in the end, it may drive some to leave.

Tim Cestnick is managing director of Advanced Wealth Planning, Scotiabank Global Wealth Management, and founder of WaterStreet Family Offices.

 

[BlackFlag]

if the poor get a tax cut, if at all, it is very small. They pay very little in taxes and cannot get any kind of substantial tax cut.

Good little peasant

 

[MarcATL]

Why not give a tax cut to those who pay in most of the taxes, and who are the job creators?

I have no class envy against anyone who's been successful, and I've never been given a job by a poor person.

All the rightwing talking points, all at once.

 

[Pete7469]

Funny...

When the meat puppet faggot went around congress with his pen and phone bed wetters insisted it was OK.


.

 

[EvilCat Breath]

if the poor get a tax cut, if at all, it is very small. They pay very little in taxes and cannot get any kind of substantial tax cut.

Good little peasant

are you really so outlandishly ignorant that you actually believe that the poor can get a meaningful tax cut? Really? They can't and never could.

 

[EvilCat Breath]

On what basis do you believe that the poor who pay no or very little in taxes can get a substantial tax cut?

 

[Indeependent]

All Tax Cuts should have time limits and be contingent upon how they help Americans.

 

[Penelope]

if the poor get a tax cut, if at all, it is very small. They pay very little in taxes and cannot get any kind of substantial tax cut.

Why give it at all??

 

[Penelope]

The main point of this thread is bypassing congress.

 

[Indeependent]

The main point of this thread is bypassing congress.

That group of globalist scumbags?
Good.

 

[JGalt]

Why not give a tax cut to those who pay in most of the taxes, and who are the job creators?

I have no class envy against anyone who's been successful, and I've never been given a job by a poor person.

All the rightwing talking points, all at once.

How are those "talking points" and how could any sensible person of any political persuasion disagree?

After you're done doing your homework, come back and tell me what percentage of tax revenue the top 1% and the top 10% contributes to the government.

Then tell me how many large companies who create hundreds of jobs, are owned by low-to-middle-class schmucks like yourself, who hardly pay their fair share of this country's tax burden?

 

[blastoff]

Each and every day, 10 men go to a restaurant for dinner together. The bill for all 10 comes to $100 each day. If the bill were paid the way we pay our taxes, the first four would pay nothing; the fifth would pay $1; the sixth would pay $3; the seventh $7; the eighth $12; the ninth $18. The 10th man – the richest – would pay $59. Although the 10 men didn't share the bill equally, they all seemed content enough with the arrangement – until the restaurant owner threw them a curve.


"You're all very good customers," the owner said, "so I'm going to reduce the cost of your daily meal by $20. I'm going to charge you just $80 in total." The 10 men looked at each other and seemed genuinely surprised, but quite happy about the news.

The first four men, of course, are unaffected because they weren't paying anything for their meals anyway. They'll still eat for free. The big question is how to divvy up the $20 in savings among the remaining six in a way that's fair for each of them. They realized that $20 divided by six is $3.33, but if they subtract that amount from each person's share, then the fifth and sixth men would end up being paid to eat their meals. The restaurant owner suggested that it would be fair to reduce each person's bill by roughly the same percentage, and he proceeded to work out the amounts that each should pay.


The results? The fifth man paid nothing, the sixth pitched in $2, the seventh paid $5, the eighth paid $9, the ninth paid $14, leaving the 10th man with a bill of $50 instead of $59. Outside the restaurant, the men began to compare their savings. "I only got one dollar out of the $20," said the sixth man, pointing to the 10th man, "and he got $9!" "Yeah, that's right," exclaimed the fifth man. "I only saved a dollar, too! It's not fair that he got nine times more than me!" "That's true," shouted the seventh man. "Why should he get back $9 when I only got $2? The rich get all the breaks!" "Wait a minute," yelled the first four men in unison. "We didn't get anything at all. The system exploits the poor!"

The nine outraged men surrounded the 10th and brutally assaulted him. The next day, he didn't show up for dinner, so the nine sat down and ate without him. But when it came time to pay the bill, they faced a problem that they hadn't faced before. They were $50 short.

The moral

There are a couple of lessons to be learned here. The first is an observation: If the 10 individuals had been women, they probably would have figured things out. But in all seriousness, I'm going to suggest that the approach taken by the restaurant owner in the story is exactly the right approach to divvying up tax cuts. It's how our system should work. The people who pay the highest taxes should get the greatest relief from a tax cut, in absolute dollars.

The fact is, if you overtax the rich, they just might not show up for dinner next time. After all, there are plenty of good restaurants around the world.

This story is relevant today because both the Conservatives and the Liberals have proposed to cut taxes – in different ways. The Liberals have said that they would offer no tax cuts to the rich, but would instead increase the tax burden on the highest earners. The problem with this, of course, is that pushing any taxpayer's marginal tax rate to 50 per cent or higher (which would be the case for many Canadians, particularly in provinces that also have taken steps to increase the marginal tax rate for the highest earners) will absolutely cause those folks to explore new ways to bring the tax burden down. And in the end, it may drive some to leave.

Tim Cestnick is managing director of Advanced Wealth Planning, Scotiabank Global Wealth Management, and founder of WaterStreet Family Offices.

Reminds me of what happened to the U.S. boat manufacturing industry several years ago. The pols thought they had an easy target for bringing in more tax revenue, people who purchase new boats. They reasoned someone laying out tens/hundreds of thousands or more for toys wouldn’t balk at a tax that could add an extra several hundred dollars for smaller boats and well into five figures for the bigger vessels. They got enough money to buy a boat, they’ll pay the tax.

A great idea that backfired stupendously. New boat sales plummeted, boatbuilders laid off scads of workers, and some companies ended up closing their doors for good as a result. Yeah, the consumers very likely could have afforded the new tax but simply refused to play the pols’ game instead.

 

[rightwinger]

Each and every day, 10 men go to a restaurant for dinner together. The bill for all 10 comes to $100 each day. If the bill were paid the way we pay our taxes, the first four would pay nothing; the fifth would pay $1; the sixth would pay $3; the seventh $7; the eighth $12; the ninth $18. The 10th man – the richest – would pay $59. Although the 10 men didn't share the bill equally, they all seemed content enough with the arrangement – until the restaurant owner threw them a curve.


"You're all very good customers," the owner said, "so I'm going to reduce the cost of your daily meal by $20. I'm going to charge you just $80 in total." The 10 men looked at each other and seemed genuinely surprised, but quite happy about the news.

The first four men, of course, are unaffected because they weren't paying anything for their meals anyway. They'll still eat for free. The big question is how to divvy up the $20 in savings among the remaining six in a way that's fair for each of them. They realized that $20 divided by six is $3.33, but if they subtract that amount from each person's share, then the fifth and sixth men would end up being paid to eat their meals. The restaurant owner suggested that it would be fair to reduce each person's bill by roughly the same percentage, and he proceeded to work out the amounts that each should pay.


The results? The fifth man paid nothing, the sixth pitched in $2, the seventh paid $5, the eighth paid $9, the ninth paid $14, leaving the 10th man with a bill of $50 instead of $59. Outside the restaurant, the men began to compare their savings. "I only got one dollar out of the $20," said the sixth man, pointing to the 10th man, "and he got $9!" "Yeah, that's right," exclaimed the fifth man. "I only saved a dollar, too! It's not fair that he got nine times more than me!" "That's true," shouted the seventh man. "Why should he get back $9 when I only got $2? The rich get all the breaks!" "Wait a minute," yelled the first four men in unison. "We didn't get anything at all. The system exploits the poor!"

The nine outraged men surrounded the 10th and brutally assaulted him. The next day, he didn't show up for dinner, so the nine sat down and ate without him. But when it came time to pay the bill, they faced a problem that they hadn't faced before. They were $50 short.

The moral

There are a couple of lessons to be learned here. The first is an observation: If the 10 individuals had been women, they probably would have figured things out. But in all seriousness, I'm going to suggest that the approach taken by the restaurant owner in the story is exactly the right approach to divvying up tax cuts. It's how our system should work. The people who pay the highest taxes should get the greatest relief from a tax cut, in absolute dollars.

The fact is, if you overtax the rich, they just might not show up for dinner next time. After all, there are plenty of good restaurants around the world.

This story is relevant today because both the Conservatives and the Liberals have proposed to cut taxes – in different ways. The Liberals have said that they would offer no tax cuts to the rich, but would instead increase the tax burden on the highest earners. The problem with this, of course, is that pushing any taxpayer's marginal tax rate to 50 per cent or higher (which would be the case for many Canadians, particularly in provinces that also have taken steps to increase the marginal tax rate for the highest earners) will absolutely cause those folks to explore new ways to bring the tax burden down. And in the end, it may drive some to leave.

Tim Cestnick is managing director of Advanced Wealth Planning, Scotiabank Global Wealth Management, and founder of WaterStreet Family Offices.

Nice analogy but it has one problem

They don’t all eat equally. When the food comes, the rich guy takes 90 percent of the food while the other nine fight over the remaining 10 percent

 

[rightwinger]

The main point of this thread is bypassing congress.

Actually, congress is incapable of doing anything

 

[Penelope]

They say people are born equal and nothing can be further from the truth.

 

[Penelope]

Each and every day, 10 men go to a restaurant for dinner together. The bill for all 10 comes to $100 each day. If the bill were paid the way we pay our taxes, the first four would pay nothing; the fifth would pay $1; the sixth would pay $3; the seventh $7; the eighth $12; the ninth $18. The 10th man – the richest – would pay $59. Although the 10 men didn't share the bill equally, they all seemed content enough with the arrangement – until the restaurant owner threw them a curve.


"You're all very good customers," the owner said, "so I'm going to reduce the cost of your daily meal by $20. I'm going to charge you just $80 in total." The 10 men looked at each other and seemed genuinely surprised, but quite happy about the news.

The first four men, of course, are unaffected because they weren't paying anything for their meals anyway. They'll still eat for free. The big question is how to divvy up the $20 in savings among the remaining six in a way that's fair for each of them. They realized that $20 divided by six is $3.33, but if they subtract that amount from each person's share, then the fifth and sixth men would end up being paid to eat their meals. The restaurant owner suggested that it would be fair to reduce each person's bill by roughly the same percentage, and he proceeded to work out the amounts that each should pay.


The results? The fifth man paid nothing, the sixth pitched in $2, the seventh paid $5, the eighth paid $9, the ninth paid $14, leaving the 10th man with a bill of $50 instead of $59. Outside the restaurant, the men began to compare their savings. "I only got one dollar out of the $20," said the sixth man, pointing to the 10th man, "and he got $9!" "Yeah, that's right," exclaimed the fifth man. "I only saved a dollar, too! It's not fair that he got nine times more than me!" "That's true," shouted the seventh man. "Why should he get back $9 when I only got $2? The rich get all the breaks!" "Wait a minute," yelled the first four men in unison. "We didn't get anything at all. The system exploits the poor!"

The nine outraged men surrounded the 10th and brutally assaulted him. The next day, he didn't show up for dinner, so the nine sat down and ate without him. But when it came time to pay the bill, they faced a problem that they hadn't faced before. They were $50 short.

The moral

There are a couple of lessons to be learned here. The first is an observation: If the 10 individuals had been women, they probably would have figured things out. But in all seriousness, I'm going to suggest that the approach taken by the restaurant owner in the story is exactly the right approach to divvying up tax cuts. It's how our system should work. The people who pay the highest taxes should get the greatest relief from a tax cut, in absolute dollars.

The fact is, if you overtax the rich, they just might not show up for dinner next time. After all, there are plenty of good restaurants around the world.

This story is relevant today because both the Conservatives and the Liberals have proposed to cut taxes – in different ways. The Liberals have said that they would offer no tax cuts to the rich, but would instead increase the tax burden on the highest earners. The problem with this, of course, is that pushing any taxpayer's marginal tax rate to 50 per cent or higher (which would be the case for many Canadians, particularly in provinces that also have taken steps to increase the marginal tax rate for the highest earners) will absolutely cause those folks to explore new ways to bring the tax burden down. And in the end, it may drive some to leave.

Tim Cestnick is managing director of Advanced Wealth Planning, Scotiabank Global Wealth Management, and founder of WaterStreet Family Offices.

The ones who paid 14 or more would not be sitting with the ones who paid 2 bucks. Do you understand how stupid this scenario is.

 

[C_Clayton_Jones]

The main point of this thread is bypassing congress.

The point is that when Obama was accused of doing the same, rightwing hypocrites screamed bloody murder.