I used to be disgusted, and now I try to be amused.
It's been years. A new board for the new Trump party.
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A couple of Wonks since the last board is closed for bidness
1. Section 162(m). TM I have no doubt there will still be many bankers, lawyers, doctors, etc., still paid in excess of $250K. I just want their employers taxed for it. I want the rest of America making their $16,000-$40,000 to stop subsidizing the ones who don't need welfare. The additional tax revenue can be put to use rebuilding roads and schools, creating jobs that pay a living wage and restoring infrastructure.
2. GGG, You say there are ways that clever lawyers use to get around 162(m). Please to show me how they will do that when there are no exceptions to 162(m) and all increases in wealth are taxed identically? As for sourcing rules, I would deal with them thus: if income from outside the US produces cash or its equivalent that comes into the hands of a domestic individual or entity, it becomes taxable US income. Loans, investment, whatever. Once the cash crosses the border it's taxed. If it is converted to hard goods and then those are imported, deem a sale at fmv at the moment the property crosses. |
Re: Not Bob's new politics thread
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https://www.youtube.com/watch?v=4_iC0MyIykM And Look Ka Py Py. Both gems: https://www.youtube.com/watch?v=kYfCTHf2ne4 |
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But this is Not Bob's board. We only live in it. |
Re: A couple of Wonks since the last board is closed for bidness
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So you're saying that if I keep my cash abroad it's not taxed here. WAHOOO! Not a problem. Retiring to the little Attican villa owned by an offshore trust sounds cool. In the meantime, Canada is close and very, very nice. |
Re: Not Bob's new politics thread
One thing Trump has revealed is that an awful lot of Republicans haven't really been interested in what have been Republican elite's priorities -- free trade, immigration reform, cutting entitlements, tax cuts for the wealthy -- and care more about other things -- in particular, jobs and and halting immigration. Some of this has been clear for a while, especially re immigration reform, but Trump has had a freedom to depart from the orthodoxy across a range of issues.
Does Trump's wealth and skill working the media give him an independence that other Republican politicians won't be able to replicate, or will we see other Republican politicians echoing his positions? In the former case, he's an outlier and the GOP tries to revert to form in the next election, but in the latter case you have something more like a cleavage in the GOP. Am assuming Trump loses in the fall, but if he wins all bets are off. |
Re: Not Bob's new politics thread
Wonk, so much for your thought that your vote won't matter. Trump has made Georgia a swing state.
http://thehill.com/blogs/ballot-box/...tie-in-georgia |
Re: A couple of Wonks since the last board is closed for bidness
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If it's earned in the US, it's taxed in the US. I was talking about removing the ability to offshore earnings or inbound earnings through loans or other constructive transactions. |
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Re: A couple of Wonks since the last board is closed for bidness
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We could call the game "Congress". |
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2. This is interesting to me. I wonder if there are more liberals in Georgia than one would think who would come out to vote now that their votes actually mean something. TM |
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Georgia is 55% nonhispanic white. It's quite easy to see a candidate with a big margin among minority voters and white women easily winning there if you had strong turnout. In general, this is why my attitude toward the various "demands" Bernie makes on behalf of his middle aged white male bernie bros and the college students who never vote is a yawn. Hillary's number one priority should be turnout among minorities in Red and Purple states, not appeasing Bernie. If she cranks it up there, we can win the house back. |
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And/or if this being a truly competitive race drives minority turnout to higher levels than it has been (at least in years where Obama wasn't on the ballot). |
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