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Political Threads This section is for Political Threads - Enter at your own risk. If you say you don't want to see what someone posts - don't read it :hihi:

 
 
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Old 10-26-2018, 06:51 AM   #1
Pete F.
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Quote:
Originally Posted by Jim in CT View Post
do you ever get one right, even by accident? the conservative philosophy is to avoid wasteful spending to keep taxes for everyone, no higher than they need to be. try poking holes in that. if conservatives have no empathy or pity, why does the new york times admit that conservatives give more
money and time to charity, than liberals do?
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Just because Arthur Brooks writes a book that says so doesn’t make it true
A 2013 MIT study found charitable giving equal between liberals and conservatives
We’ll see how the latest Republican tax reform affects charitable giving since many people will have a harder time taking deductions
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Frasier: Niles, I’ve just had the most marvelous idea for a website! People will post their opinions, cheeky bon mots, and insights, and others will reply in kind!

Niles: You have met “people”, haven’t you?

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Old 10-26-2018, 06:57 AM   #2
Jim in CT
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Quote:
Originally Posted by Pete F. View Post
Just because Arthur Brooks writes a book that says so doesn’t make it true
A 2013 MIT study found charitable giving equal between liberals and conservatives
We’ll see how the latest Republican tax reform affects charitable giving since many people will have a harder time taking deductions
Posted from my iPhone/Mobile device
Posted from my iPhone/Mobile device
Posted from my iPhone/Mobile device
"Just because Arthur Brooks writes a book that says so doesn’t make it true"

And just because you hate the findings, doesn't make it false.

"A 2013 MIT study found charitable giving equal between liberals and conservatives "

Fine. SO no difference in generosity between liberals and conservatives. Is that what you're saying? I have no problem conceding that, none. Can you concede it?

"We’ll see how the latest Republican tax reform affects charitable giving since many people will have a harder time taking deductions"

Most people saw an INCREASE in take-home pay. True or false?
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Old 10-26-2018, 07:19 AM   #3
Pete F.
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Quote:
Originally Posted by Jim in CT View Post
"Just because Arthur Brooks writes a book that says so doesn’t make it true"

And just because you hate the findings, doesn't make it false.

"A 2013 MIT study found charitable giving equal between liberals and conservatives "

Fine. SO no difference in generosity between liberals and conservatives. Is that what you're saying? I have no problem conceding that, none. Can you concede it?

"We’ll see how the latest Republican tax reform affects charitable giving since many people will have a harder time taking deductions"

Most people saw an INCREASE in take-home pay. True or false?
I would tell you that there’s conflicting studies and it’s likely that political views are not reflected in charitable giving.
How does the increase in take home pay affect tax deductions for charitable giving?
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Frasier: Niles, I’ve just had the most marvelous idea for a website! People will post their opinions, cheeky bon mots, and insights, and others will reply in kind!

Niles: You have met “people”, haven’t you?

Lets Go Darwin
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Old 10-26-2018, 07:38 AM   #4
Jim in CT
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Originally Posted by Pete F. View Post
I would tell you that there’s conflicting studies and it’s likely that political views are not reflected in charitable giving.
How does the increase in take home pay affect tax deductions for charitable giving?
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"it’s likely that political views are not reflected in charitable giving."

In other words, you have no basis whatsoever to claim that liberals are more generous, but you just can't bear to say it out loud.'

"How does the increase in take home pay affect tax deductions for charitable giving?"

Increases in take-home pay give us more disposable income with which to make donations. Is that really going too fast for you.

Pete, here is every single post you have ever made, boiled down to this...

liberal=good, conservative=bad.

I wonder what you'd say about why the state of CT is going bankrupt.
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Old 10-26-2018, 08:26 AM   #5
Pete F.
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Quote:
Originally Posted by Jim in CT View Post
"it’s likely that political views are not reflected in charitable giving."

In other words, you have no basis whatsoever to claim that liberals are more generous, but you just can't bear to say it out loud.'

Would it be possible that political affiliation has no demonstrable correlation with charitable giving? Or is everything driven by politics?

"How does the increase in take home pay affect tax deductions for charitable giving?"

Increases in take-home pay give us more disposable income with which to make donations. Is that really going too fast for you.

You do understand that deductions for charitable giving increase the amount you can give without affecting your spendable income, and that changing how deductions worked greatly reduced the advantages of giving.

Pete, here is every single post you have ever made, boiled down to this...

liberal=good, conservative=bad.

I wonder what you'd say about why the state of CT is going bankrupt.
Of course it's the Liberals bankrupting CT, left to their own devices Conservatives would make it as good as Kansas.
Nothing will work well, till people work together.

Frasier: Niles, I’ve just had the most marvelous idea for a website! People will post their opinions, cheeky bon mots, and insights, and others will reply in kind!

Niles: You have met “people”, haven’t you?

Lets Go Darwin
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Old 10-26-2018, 09:06 AM   #6
detbuch
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Originally Posted by Pete F. View Post
Nothing will work well, till people work together.
That's why communism works so well.
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Old 10-26-2018, 09:10 AM   #7
Jim in CT
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Originally Posted by Pete F. View Post
Of course it's the Liberals bankrupting CT, left to their own devices Conservatives would make it as good as Kansas.
Nothing will work well, till people work together.
"You do understand that deductions for charitable giving increase the amount you can give without affecting your spendable income"

No I do not understand that, because it's absolutely false. There is a huge difference between a tax credit and a deduction. You are confusing the two.

If I donate $100 to charity, and I am able to deduct that $100 from my taxable income, and I'm in a 25% tax bracket, that means I get $25 back. I do not, not even close, get the whole $100 back. Deductions do not, not even close, restore your full disposable income. Deductions reduce the amount by which your disposable income decreases. Deductions do not make it 'free' to donate to charity.

The tax cuts give most of us more take-home pay. Many of us will give some of that to charity.

Take accounting 101. A tax credit is a dollar-for-dollar reduction is taxes owed. A deduction reduces your tax liability by pennies on the dollar, not dollar for dollar.
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Old 10-26-2018, 09:47 AM   #8
Pete F.
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Quote:
Originally Posted by Jim in CT View Post
"You do understand that deductions for charitable giving increase the amount you can give without affecting your spendable income"

No I do not understand that, because it's absolutely false. There is a huge difference between a tax credit and a deduction. You are confusing the two.

If I donate $100 to charity, and I am able to deduct that $100 from my taxable income, and I'm in a 25% tax bracket, that means I get $25 back. I do not, not even close, get the whole $100 back. Deductions do not, not even close, restore your full disposable income. Deductions reduce the amount by which your disposable income decreases. Deductions do not make it 'free' to donate to charity.

The tax cuts give most of us more take-home pay. Many of us will give some of that to charity.

Take accounting 101. A tax credit is a dollar-for-dollar reduction is taxes owed. A deduction reduces your tax liability by pennies on the dollar, not dollar for dollar.
When did I say everyone gets it all back, as you say, your $100 donation costs you $75, because you are rebated $25. How does it reduce your spendable income $100

Frasier: Niles, I’ve just had the most marvelous idea for a website! People will post their opinions, cheeky bon mots, and insights, and others will reply in kind!

Niles: You have met “people”, haven’t you?

Lets Go Darwin
Pete F. is offline  
 

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