President Trump

NEW -> Contingent Buyer Assistance Program
Depends on perspective right?

Most thought storming Iraq was good but with no signs of nukes... bad.

Most might think bombing nuke facilities in Iran is good... but if no nukes... what then?

And I dislike the notion that the left is saying Trump declared war on Iraq... even I know that's not what this was... so no need for Congress approval in my opinion, just like previous presidents on either side.

Now do I think a president should require Congressional approval? Probably... but precedence and the Constitution seems to side with the current protocol. It can be debated but that's like everything.
 
sgip said:
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Trump took the bait laid out by the warmonger wing of the party. In many ways this had to be done, but it didn't necessarily have to be us.
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No, you took the bait, condemning President Trump. Hillary is on record as claiming she "would bomb Iraq if elected president." Nobody else has a B2 capable of dropping our bunker buster. It was us or nobody.

The terrorists have shown that they cannot be trusted, ever. If they got a nuke, they would use it or them on Israel, not that you seem to care.....
 
He tends to do that…😂😂😂👍🏽🇺🇸

Top Economist Admits Trump May Have ‘Outsmarted All of Us’ on Tariffs​

Recently, a prominent anti-Trump economist admitted what many on the right have been saying from the beginning: Trump’s tariff strategy wasn’t the reckless gamble the media made it out to be. Instead, it was a calculated move designed to protect American workers, revive domestic manufacturing, and put America’s interests first.

pjmedia.com

Top Economist Admits Trump May Have ‘Outsmarted All of Us’ on Tariffs

Top economist reveals Trump may have strategically outsmarted critics on tariffs.
pjmedia.com pjmedia.com
 
So much winning!!!😂😂😂👍🏽🇺🇸

Trans swimmer Lia Thomas stripped of swim titles in UPenn Trump deal​

https://www.msn.com/en-us/news/news/content/ar-AA1HMPUT?ocid=sapphireappshare

Paramount, CBS forced to pay eight-figures, change editorial policy in settlement with Trump​

nypost.com

Paramount, CBS forced to pay eight-figures, change editorial policy in settlement with Trump

Paramount Global and CBS agreed on Tuesday to pay President Donald Trump a sum that could reach north of $30 million to settle the president’s election interference lawsuit against the network.
nypost.com nypost.com

US Senate passes Trump's sweeping tax-cut and spending bill, setting up House battle​


https://www.msn.com/en-us/news/news/content/ar-AA1HNeB2?ocid=sapphireappshare

 
i hope people can have nuanced opinions on various topics here.

- Deporting illegal immigrants is probably the right move, but having federal agents detaining randos because they look Mexican is pretty bad, and I don't support it.

- Bombing Iran, well *now* is the time to do it when Russia is busy and a buncha other groups are on the run. Bombing a nuclear facility is quite different than getting into a 10 year ground war in Afghanistan or Iraq.

- The econom is doing better than many hoped but not everything is peachy keen. Jobs are down a bit this month, inflation still isn't down.
 
ThirtySomethingWEquity said:
- Deporting illegal immigrants is probably the right move, but having federal agents detaining randos because they look Mexican and have small calves is pretty bad, and I don't support it.
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qwerty is safe.
ThirtySomethingWEquity said:
- Bombing Iran, well *now* is the time to do it when Russia is busy and a buncha other groups are on the run. Bombing a nuclear facility is quite different than getting into a 10 year ground war in Afghanistan or Iraq.
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Although we have a reputation for attacking nuclear stuff that isn't nuclear. I'm surprised Iran hasn't retaliated terror-style... maybe they know that Trump will bomb them into extinction? Crazy has it's benefits.
ThirtySomethingWEquity said:
- The econom is doing better than many hoped but not everything is peachy keen. Jobs are down a bit this month, inflation still isn't down.
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Let's see how the tariffs shake out and if the BBB passes. I never understood why we don't tax the ultra rich more... they can afford it and they hide a lot of their income anyways.
 
Congratulations Irvine!!

Trump’s ‘one big beautiful’ bill passes ‘SALT’ deduction limit of $40,000. ​


The Republicans’ marquee legislation temporarily raises the SALT deduction limit to $40,000 starting in 2025. That benefit starts to phaseout, or decrease, for consumers who earn more than $500,000 of income. Both figures will increase by 1% yearly through 2029 and the higher limit will revert to $10,000 in 2030.

Compared to an earlier approved House bill, SALT deduction relief is two-thirds larger in Trump’s legislation, including alternative minimum tax changes, according to a Saturday analysis from the Committee for a Responsible Federal Budget.

 
When i first heard of the increase in earlier versions, my initial reaction was that I would reduce my tax liability by $11,100 (30,000 x 37%). Then I read that it would start being phased out at 500k. We won’t get any benefit at all. I’m guessing a decent amount of people in Irvine won’t get much benefit, if any. I’ve joked with my wife in the past that we would actually be better of financially from a tax perspective if we were divorced since we get clobbered with the marriage penalty.
Liar Loan said:
Congratulations Irvine!!

Trump’s ‘one big beautiful’ bill passes ‘SALT’ deduction limit of $40,000. ​


The Republicans’ marquee legislation temporarily raises the SALT deduction limit to $40,000 starting in 2025. That benefit starts to phaseout, or decrease, for consumers who earn more than $500,000 of income. Both figures will increase by 1% yearly through 2029 and the higher limit will revert to $10,000 in 2030.

Compared to an earlier approved House bill, SALT deduction relief is two-thirds larger in Trump’s legislation, including alternative minimum tax changes, according to a Saturday analysis from the Committee for a Responsible Federal Budget.

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qwerty said:
When i first heard of the increase in earlier versions, my initial reaction was that I would reduce my tax liability by $11,100 (30,000 x 37%). Then I read that it would start being phased out at 500k. We won’t get any benefit at all. I’m guessing a decent amount of people in Irvine won’t get much benefit, if any. I’ve joked with my wife in the past that we would actually be better of financially from a tax perspective if we were divorced since we get clobbered with the marriage penalty.
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You are still benefiting immensely from this bill. When the original Tax Cut and Jobs Act passed, I did a tax comparison of what I would have paid under the old law versus the TCJA and it was a significant savings even with the $10k SALT cap.
 
Liar Loan said:
You are still benefiting immensely from this bill. When the original Tax Cut and Jobs Act passed, I did a tax comparison of what I would have paid under the old law versus the TCJA and it was a significant savings even with the $10k SALT cap.
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Where did the savings come from?
 
qwerty said:
When i first heard of the increase in earlier versions, my initial reaction was that I would reduce my tax liability by $11,100 (30,000 x 37%). Then I read that it would start being phased out at 500k. We won’t get any benefit at all. I’m guessing a decent amount of people in Irvine won’t get much benefit, if any. I’ve joked with my wife in the past that we would actually be better of financially from a tax perspective if we were divorced since we get clobbered with the marriage penalty.
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If you're in the 37% tax bracket and were hoping for an extra 30K salt deduction, you must be shelling out 100K plus or minus just in state income tax and property taxes. Add in sales tax, car registration, gas taxes (if you drive an ICE vehicle) to the State of California and they never have enough money. Why aren't you mad? This is absolutely nuts.
 
qwerty said:
Then I read that it would start being phased out at 500k. We won’t get any benefit at all. I’m guessing a decent amount of people in Irvine won’t get much benefit, if any.
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That must mean your HHI is ~>$585k gross? $585k - $30k (standard deduction) - $3k FSA - $5k (DCFSA) - $47k (2x 401k). I would say that's a small minority of people in Irvine..
 
Ready2Downsize said:
If you're in the 37% tax bracket and were hoping for an extra 30K salt deduction, you must be shelling out 100K plus or minus just in state income tax and property taxes. Add in sales tax, car registration, gas taxes (if you drive an ICE vehicle) to the State of California and they never have enough money. Why aren't you mad? This is absolutely nuts.
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Uh no. The $40k SALT deduction means you only need to pay $40k SALT, not 37% of what you paid in SALT. You could pay $0 state income taxes as long as you pay $40k property taxes. Easy peasy for anyone who just bought at OH Summit. :ROFLMAO:
 
Ready2Downsize said:
If you're in the 37% tax bracket and were hoping for an extra 30K salt deduction, you must be shelling out 100K plus or minus just in state income tax and property taxes. Add in sales tax, car registration, gas taxes (if you drive an ICE vehicle) to the State of California and they never have enough money. Why aren't you mad? This is absolutely nuts.
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We paid about 120k in just state income tax. Then we paid almost 20k in property taxes. The registration for 2 cars was about 1,400-1,500. Then we pay substantially more in federal income taxes. So we pay a lot of taxes. That’s why initially I was happy because I thought i would save $11,100 :)

The only way to not pay the California taxes would be to move to another state. Not willing to do that at this point. But in my view we pay more than our fair share so I do get annoyed when I hear about democrats trying to raise taxes, or removing the cap on social security wage base. We would have a pretty big tax hit if they ever removed the cap for SS. I’m just keeping my fingers crossed that it happens after we retire :)
 
woodburyowner said:
That must mean your HHI is ~>$585k gross? $585k - $30k (standard deduction) - $3k FSA - $5k (DCFSA) - $47k (2x 401k). I would say that's a small minority of people in Irvine..
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We are quite fortunate and are way over that.
But Irvine probably has 10-20% of households that would have over $585k of household income? 20% seems high actually. But all houses are crazy expensive in Irvine. I can’t imagine most home buyers are FCBs or people with huge down payment assistance from family but perhaps they are.

I was on Reddit and saw some Irvine poster that was a software engineer and I think they make pretty good money but not sure how many software engineering jobs there are in Irvine that are making more than 585k. It really would have to be a combination of 2 high ranking finance people, doctors, or lawyers - generally speaking for the w2 crowd. Then I’m assuming there must be a decent amount of business owners? Perhaps a good % of people are legacy 1990s Irvine buyers that have remained in Irvine? I guess crowd could be on the lower end of the earnings spectrum and afford to live in Irvine.
 
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