Re: Mother, mother, mother - there's too many of you crying.
 

A Democrat controlled Congress is a huge assumption. A lot of the predictions of that, right now, are more advocacy for and desire to see it, rather than actual proof it's coming.

And Trump's the honey badger. Next fall? That's predicting... thinking. He don't give a fuck about that kind of egghead stuff. Now Me Win! Moar Wins Now!

Re: Mother, mother, mother - there's too many of you crying.
 

Don't forget the reduction in the cap on mortgage interest from $1MM to $500,000.

Home buyers care about what they can afford per month. So, if you are like me, with a home valued at $900,000, a buyer needing a $720,000 loan now has to pay more per month for that loan because $220,000 of it is no longer deductible. Ergo, my place's value will plummet.

Re: Mother, mother, mother - there's too many of you crying.
 

Can you explain the difference between treatment of LLC income under this 25% rate thing? The financial media is incoherent on this, but I understand there's a distinction between goods and services that goes like this:

Because I sell services, I cannot have the 25% rate on pass through income;
If I sold goods, I could have it.

Is that accurate? Because, well, fuck that bullshit right there. Fuck it hard, and not nicely in the least.

Re: Mother, mother, mother - there's too many of you crying.
 

How many Republicans? 20% They have absolutely no integrity or respect for this country's institutions that aren't the armed forces. He fires Mueller, they weather an extended storm and push through their abortion of a tax bill, ton of psychotic federal judges, and whatever else their donors can type up before the midterms, and sit back satisfied at their accomplishments. If you think that will trigger impeachment, you're crazy. And based on your other posts today, you are not crazy.

TM

Re: Mother, mother, mother - there's too many of you crying.
 

Mid-term elections are a referendum on the President, and Trump's approval ratings are at historic lows. He only knows how to play one tune, which is to appeal to his base, and the rest of the country doesn't like it. Democrat voters are motivated and Republicans are not. And Congress is about to raise taxes on the middle class to pay for a tax cut for the rich. Sure, Democratic control of Congress is not guaranteed, but I'll make a wager with you at even odds.

Sure.

Re: Mother, mother, mother - there's too many of you crying.
 

The bills are somewhat incoherent on this, but yes, that is what it boils down to.

Re: Mother, mother, mother - there's too many of you crying.
 

"sniff"

Re: Mother, mother, mother - there's too many of you crying.
 

This bill isn't raising taxes on the middle class. If you own a home with a mortgage over $500k, outside of a city, you're probably upper middle class to affluent. If the state income tax deduction is significant to you, you either live in a place like NY, which means you're fairly well off relative to the rest of the country, or you're making decent coin.

This bill looks like it's targeting the upper middle class. If you plug in Adder's theory that people only care about their position relative to those nearest them (which I buy), Trump is targeting exactly the sort of effete professional sorts his base, the real low to middle classes, hates most.

Wentworth Plutocrat IV gets a fat tax break, and Purvis Coalcracker, who resents the college folk in the neighboring town, gets to spit in the eye of that fancy orthopedic surgeon he resents. You know... the one with the Range Rover and that Oriental wife.

Re: Mother, mother, mother - there's too many of you crying.
 

The money appears to be on Jared - https://www.thedailybeast.com/very-s...ussia-outreach

Re: Mother, mother, mother - there's too many of you crying.
 

Moar homes for Blackstone to buy and rent!

"Renting? That's unsane!"

"Not now! Now you've got a $24k standard deduction from Uncle Sam! You can live in one of those excellent Blackstone townhomes. It's the American dream with whipped cream and cherries on top. I'm getting an erection just thinking about the granite kitchen and stainless steel refrigerator and microwave! It's so tasteful. The most chic living, ever!"

Re: Mother, mother, mother - there's too many of you crying.
 

It's hard to keep up with exactly what the numbers are, especially as the substance of the bill keeps changing, but I thought I saw an analysis that said that 80% of households making less than $100k will see a tax increase. That's the middle class.

If that fancy orthopedic surgeon is not himself in the top 5%, he's doing it wrong. Heck, he's probably in the top 1%.

Re: Mother, mother, mother - there's too many of you crying.
 

The money appears to be on Jared being among them, anyway.

Re: Mother, mother, mother - there's too many of you crying.
 

It's OK they still have my name on the list at The Projects. Hopefully they didn't paint over my tag on the handball courts.

Re: Mother, mother, mother - there's too many of you crying.
 

Yeah, I don't know that it would turn enough Republicans against him. Many would pivot from "there's nothing to the Russia stuff" to, "he's allowed to do whatever he wants," but at least some wouldn't.

Re: Mother, mother, mother - there's too many of you crying.
 

I'm not interested in arguing with you about who is and is not middle class. A lot of people who identify themselves as middle class will get hurt by this bill, which is one reason why it is staggeringly unpopular and will only get mores if it passes. And Trump isn't "targeting" anyone -- if you think he designed this bill, I have a bridge to sell you.

Re: Mother, mother, mother - there's too many of you crying.
 

Looks like Mueller may have interviewed Kushner about this stuff after Flynn flipped.

Re: Mother, mother, mother - there's too many of you crying.
 

I think the bill is worst for the top 5% to .01%. Especially if the AMT stays.

The thing that is most upsetting is the ridiculous giveaways that remain, when IT ADDS OVER A TRILLION TO THE DEFICIT!!!

WTF happened to people like Paul Ryan? I have not been a fan of his for a while, but really? What ever happened to conservatives* not wanting to blow up the budget and hand our kids a giant bill? I'm as big a believer that the govt takes more than enough money already, but doing this without any meaningful entitlement reform is idiotic. Even for this GOP Congress.


*Whatever that term means now in the age of Trump and Moore. To me the term still means this:http://www.nationalreview.com/articl...ficult-produce

Re: Mother, mother, mother - there's too many of you crying.
 

Set that ass up.

TM

Re: Mother, mother, mother - there's too many of you crying.
 

This is the most disappointing use of that phrase ever.

Re: Mother, mother, mother - there's too many of you crying.
 

Unlike you, they never believed it. The crocodile tears about deficits were a pretext to oppose government spending they didn't like.

Re: Mother, mother, mother - there's too many of you crying.
 

Given that they blow up the budget every time they're in power, I'm not sure they ever existed.

Re: Mother, mother, mother - there's too many of you crying.
 

Because he wasn't properly gassed OR hoodie-and-masked up?

TM

Re: Mother, mother, mother - there's too many of you crying.
 

Among other reasons.

caption, please
 

Re: Mother, mother, mother - there's too many of you crying.
 

There will be an industry in converting services income to goods income, or coupling the two together sufficiently to gain the benefit.

At one point, I don't know if it survived, the bill had language that literally exempted services income under $250K per year from the concept of services income - in other words, a lot of services income for biglaw urban associates would fit in the lower rate but not most of the services income for biglaw partners.

Re: Mother, mother, mother - there's too many of you crying.
 

Huh? Fact check here.

Corporate rate nearly halved.

International provisions like a sieve for offshore vehicles.

Estate Tax eliminated.

Tax shelters re-created.

This is the ultimate smash and grab for the top percenters.

Re: Mother, mother, mother - there's too many of you crying.
 

You voted for this. There was only one way to stop this.

Re: Mother, mother, mother - there's too many of you crying.
 

Among all the people who will be screwed by this, the two I most lack sympathy for are Sebby and Sarandon.

Oh wait. Sarandon will probably benefit from this.

So just Sebby.

Re: Mother, mother, mother - there's too many of you crying.
 

My congresscritter is an R, and has been in office for 10 years. I think there's a good chance he's gone in 2018 - people are pissed (mostly because of his support for Trump). I think (hope) many blue state Rs could be in trouble next year.

Re: Mother, mother, mother - there's too many of you crying.
 

Does IL rank #1 or #1a?

And it's the Ds who have ruined this state.

Re: Mother, mother, mother - there's too many of you crying.
 

I was reading her statement that it was good for the .001% and above and bad for those below down to the 5%ers. Which I kind of agree with (although it's bad for those below 5% especially when/if the brackets sunset and Medicare/Social Security gets fucked with). And there's a bunch of private equity/hedge fund managers and employees in the 1% but not 0.001% who are going to be fine since they get to keep their capital gains on carried interest/profits interests. But overall the winners are the idle rich, as opposed to the working rich and below.

Oh, and Bob Corker appears to be the only principled "deficit hawk" (maybe because he has nothing to lose). Since we are at the lowest of the low bars, I applaud his backbone in the circumstances.

Re: Mother, mother, mother - there's too many of you crying.
 

Perhaps we ought to refer to this as "back cartilage".

Re: Mother, mother, mother - there's too many of you crying.
 

Top percenters that aren't service providers

Re: Mother, mother, mother - there's too many of you crying.
 

Interesting:

https://lawfareblog.com/flynn-plea-q...dirty-analysis

Re: Mother, mother, mother - there's too many of you crying.
 

I may not... But I think the other half of my household will. Perhaps nicely so. Net gain to household, acct thinks.

There’s always a way to make lemonade. Unless you’re entirely W-2d. In which case, yeah, you got a target on your back.

Re: Mother, mother, mother - there's too many of you crying.
 

Both parties have ruined this one. People here in govt are hopeless. The whole place is hopeless. Fucking backwash shithole.

Re: Mother, mother, mother - there's too many of you crying.
 

Look, I’m sorry. I’d no idea he’d win by one vote in one state.

It’s never happened before, you know? You don’t have to be such a dick about it.

Re: Mother, mother, mother - there's too many of you crying.
 

Jesus fuck, it's about time you apologized. Predictably, as we're about to go full Watergate.

Re: Mother, mother, mother - there's too many of you crying.
 

Wait for the tax shelter industry to gear up. There will be ways to convert service income for those for whom its worth the freight.

Re: Mother, mother, mother - there's too many of you crying.
 

Besides death and taxes, the only other thing that is inevitable is self-righteous third party voters screwing up our lives.