Author Topic: SALT Deduction  (Read 7639 times)

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Offline fortune11

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Re: SALT Deduction
« Reply #105 on: April 16, 2019, 07:26:38 PM »
Didn't say that, but this year wouldn't surprise me. So you stipulate that the cuts had a near term effect?.  I do think it will last until the next recession, which as I said, will happen, eventually.

This makes zero sense

Explain or get get vanquished with facts yet again :)

Offline Mety

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Re: SALT Deduction
« Reply #106 on: April 16, 2019, 08:42:49 PM »
So the bottom line, not much changed?
Does this tell us in any way that the housing market will be back to bull run again? Or are the buyers still fed up with ridiculous prices?

It did change it effected real estate. Go to the housing analysis thread.

It did affect the market for sure. I agree with you like you suggested not to buy last year as I also think last year was the worst time to buy IMO. But people kinda stopped buying because of the seasonality, ridiculous listing prices and also the fear of this new tax plan would not benefit like it used to. It seems though because of other factors, people are not much affected by it in the overall tax calculations or even got more benefits for some reason as some TI members are saying. The housing tax alone might have been a little less attractive, but because of new bracket systems, maybe it turned out not as bad? I could be wrong. I’m just guessing from how people including myself thought it was going to be so bad, but surprised to see some benefits at the end. Well, I was only interested how it would affect the housing market so I guess we will see how it plays.

Read the article from the NY Fed. Don’t be foolish and rely on TI responses. (You should know better.)

Mety: take a look at these poll numbers

Politico Article: On Tax Day, Trump tax cuts remain deeply unpopular

A recent NBC/Wall Street Journal poll found that just 17 percent of Americans believe their own taxes will go down as a result of the bill. A CBS News poll found that 40 percent said they saw no change from the tax bill. And more said it drove their taxes up (32 percent) than lowered their tax bill (25 percent.)

The bill itself has been unpopular from the start and remains so.

A Pew Research Center survey conducted last month found that 36 percent of Americans approve of the tax-cut law while 49 percent disapprove. Even the number of Republicans who strongly approve of the law dipped in the latest Pew survey.

White House officials’ response to the unpopularity of the tax cut is basically: Who cares?

https://www.politico.com/story/2019/04/15/donald-trump-tax-cuts-unpopular-1273469

Thanks for the articles. While it may benefit me for now I guess it could possibly play the role in upcoming recession or any economic damage on the way. But like I said before, I’m not really too familiar with economy or political stuff. You guys seem to be on top of it always, but two opinions (Trump fans vs. Anti-Trump) can’t seem to agree forever lol.

Offline morekaos

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Re: SALT Deduction
« Reply #107 on: April 16, 2019, 09:58:36 PM »
Didn't say that, but this year wouldn't surprise me. So you stipulate that the cuts had a near term effect?.  I do think it will last until the next recession, which as I said, will happen, eventually.

This makes zero sense

Explain or get get vanquished with facts yet again :)

Was answering something irc said. This is getting off topic. See me back at the Dow thread where we left you 6% ago.

Offline fortune11

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Re: SALT Deduction
« Reply #108 on: April 17, 2019, 04:44:58 AM »
Didn't say that, but this year wouldn't surprise me. So you stipulate that the cuts had a near term effect?.  I do think it will last until the next recession, which as I said, will happen, eventually.

This makes zero sense

Explain or get get vanquished with facts yet again :)

Was answering something irc said. This is getting off topic. See me back at the Dow thread where we left you 6% ago.

I am still amazed anyone lets a hack like you manage their money :)   

Do you even understand what the words  “risk management” mean ? 


Offline morekaos

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Re: SALT Deduction
« Reply #109 on: April 17, 2019, 06:45:47 AM »
Always fall back on name calling, typical for your generation. ;)
« Last Edit: April 17, 2019, 07:21:17 AM by morekaos »

Offline fortune11

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Re: SALT Deduction
« Reply #110 on: April 17, 2019, 08:12:17 AM »
Always fall back on name calling, typical for your generation. ;)

How do you know I am not some fox watching geezer just having fun here at your expense :)

Offline morekaos

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Re: SALT Deduction
« Reply #111 on: April 17, 2019, 08:17:28 AM »
How do you know I'm not some LGBTQXYZ, Maddowite trolling you for fun?  That's kindda my point, no one knows anything about anybody on the net. Maybe we should meet back at the Snowflake thread, not the Dow one.

Offline Irvinecommuter

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Re: SALT Deduction
« Reply #112 on: April 17, 2019, 08:31:25 AM »
I like to note for the record that despite repeated requests to have fact-based discussions regarding the economic effects of tax cuts, the conservatives here have stuck with either 1) "it's okay because rich people and corporation got more money" and 2) "anything can happen".

Offline morekaos

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Re: SALT Deduction
« Reply #113 on: April 17, 2019, 08:33:09 AM »
Noted

Offline Irvinecommuter

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Re: SALT Deduction
« Reply #114 on: April 17, 2019, 08:35:06 AM »
Noted

Great...so I am just going to ignore any efforts by conservatives here of having any level of actual policy/evidence based discussions.

As I stated, just go with the "I don't care, I got more money" slogan.

Offline fortune11

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Re: SALT Deduction
« Reply #115 on: April 17, 2019, 08:44:34 AM »
Noted

Great...so I am just going to ignore any efforts by conservatives here of having any level of actual policy/evidence based discussions.

As I stated, just go with the "I don't care, I got more money" slogan.

Once again , IC nails it ...

Offline morekaos

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Re: SALT Deduction
« Reply #116 on: April 17, 2019, 08:58:09 AM »
Noted

Great...so I am just going to ignore any efforts by conservatives here of having any level of actual policy/evidence based discussions.

As I stated, just go with the "I don't care, I got more money" slogan.

You've seen it all right here, not just the anecdotal proof of your own fellow posters but even the NYTimes who admits the tax cuts were real.  Over analysis causes paralysis. Don't let a blind hate for Trump get in the way of actual dollar benefits you and I have realized.  Enjoy it, be grateful.  Now, how you react in the future is up to you but this cut is a win.

Offline Irvinecommuter

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Re: SALT Deduction
« Reply #117 on: April 17, 2019, 09:06:42 AM »
Noted

Great...so I am just going to ignore any efforts by conservatives here of having any level of actual policy/evidence based discussions.

As I stated, just go with the "I don't care, I got more money" slogan.

You've seen it all right here, not just the anecdotal proof of your own fellow posters but even the NYTimes who admits the tax cuts were real.  Over analysis causes paralysis. Don't let a blind hate for Trump get in the way of actual dollar benefits you and I have realized.  Enjoy it, be grateful.  Now, how you react in the future is up to you but this cut is a win.

Again...facts and evidence...talking points are irrelevant.

Online eyephone

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Re: SALT Deduction
« Reply #118 on: April 17, 2019, 09:08:57 AM »
Noted

Great...so I am just going to ignore any efforts by conservatives here of having any level of actual policy/evidence based discussions.

As I stated, just go with the "I don't care, I got more money" slogan.

Is he taking the job seriously or is this fun and games?

Don’t forget about Marillyn Lockheed (Marillyn Hewsen CEO Lockheed Martin) and Tim Apple (Tim Cook CEO of Apple) ;) [Keep in mind he was just introducing them on separate occasions/different event. But it sounds like an attack. Lol]
« Last Edit: April 17, 2019, 09:14:53 AM by eyephone »

Offline fortune11

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Re: SALT Deduction
« Reply #119 on: April 17, 2019, 09:30:23 AM »
I will give you the exact benefit of tax cuts to corporate earnings and where the money was spent (relative to years prior)

Chest thumping conservatives want to take a guess first  ?

Remember prior beatdowns on the trade deals , bond bubbles, etc so take your time and google thoroughly before you respond this time  :)

That is , if facts matter to you  ...

 

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