The Trump Tax Cut: Even Worse Than You’ve Heard

[wdmso]

Originally Posted by Jim in CT

and if they didn’t get raises, their take home pay still likely increased, thanks to the tax cuts. but we should
ignore that, because we don’t like Trump.
Posted from my iPhone/Mobile device

Wow that’s some crazy thinking they should be thankful for the tax cut in place of a raise that affects their retirement down the road??
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[The Dad Fisherman]

Originally Posted by wdmso

Wow that’s some crazy thinking they should be thankful for the tax cut in place of a raise that affects their retirement down the road??
Posted from my iPhone/Mobile device

Were you this concerned in 2011, 2012, and 2013 when Obama cancelled the government pay raises? just trying to establish some consistency in logic

also of note is that Obama didn't increase the Locality adjustment in 2010,2011,2012,2013,2014,and 2015, which also affects retirement.

[Jim in CT]

Originally Posted by The Dad Fisherman

Were you this concerned in 2011, 2012, and 2013 when Obama cancelled the government pay raises? just trying to establish some consistency in logic

also of note is that Obama didn't increase the Locality adjustment in 2010,2011,2012,2013,2014,and 2015, which also affects retirement.

Now you are guilty of whataboutism!!

And no, it wasn't objectionable then.

[spence]

Originally Posted by The Dad Fisherman

Were you this concerned in 2011, 2012, and 2013 when Obama cancelled the government pay raises? just trying to establish some consistency in logic

Not true...
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[The Dad Fisherman]

Originally Posted by spence

Not true...
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Yeah, I just make this chit up as i go along

https://www.generalschedule.org/raise

https://www.generalschedule.org/localities

[spence]

Originally Posted by The Dad Fisherman

Yeah, I just make this chit up as i go along

https://www.generalschedule.org/raise

https://www.generalschedule.org/localities

Obama froze pay in the recession but tried to lift it coming out which was blocked by House Republicans. I don’t think you’re making things up just not well informed.
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[The Dad Fisherman]

Originally Posted by spence

Obama froze pay in the recession but tried to lift it coming out which was blocked by House Republicans. I don’t think you’re making things up just not well informed.
Posted from my iPhone/Mobile device

https://www.nytimes.com/2010/11/30/u.../30freeze.html

"President Obama on Monday announced a two-year pay freeze for civilian federal workers"

and the 3rd year he offered a robust 0.5% (ooooohhhh), pay raise (after initially freezing it) and, you are correct, that was blocked by the house.

first 2 years, all on Obama.

[spence]

Originally Posted by The Dad Fisherman

https://www.nytimes.com/2010/11/30/u.../30freeze.html

"President Obama on Monday announced a two-year pay freeze for civilian federal workers"

and the 3rd year he offered a robust 0.5% (ooooohhhh) pay raise (after initially freezing it) and, you are correct, that was blocked by the house.

first 2 years, all on Obama.

Coming out of a massive recession. Duh.
Posted from my iPhone/Mobile device

[wdmso]

Originally Posted by The Dad Fisherman

Were you this concerned in 2011, 2012, and 2013 when Obama cancelled the government pay raises? just trying to establish some consistency in logic

also of note is that Obama didn't increase the Locality adjustment in 2010,2011,2012,2013,2014,and 2015, which also affects retirement.

another one who is cursed by the inability see things in context


It would be the first pay freeze for civilian federal workers since 2011 to 2013, when President Barack Obama instituted a three-year pay freeze as the nation recovered from the recession.

[The Dad Fisherman]

Originally Posted by wdmso

another one who is cursed by the inability see things in context


It would be the first pay freeze for civilian federal workers since 2011 to 2013, when President Barack Obama instituted a three-year pay freeze as the nation recovered from the recession.

You and spence need to get your stories straight, he says it never happened.
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[Sea Dangles]

Originally Posted by The Dad Fisherman

You and spence need to get your stories straight, he says it never happened.
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You are arguing with an idiot,and guess what happens next...
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[The Dad Fisherman]

Originally Posted by Sea Dangles

You are arguing with an idiot,and guess what happens next...
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I know, down the rabbit hole I go
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[wdmso]

Originally Posted by The Dad Fisherman

You and spence need to get your stories straight, he says it never happened.
Posted from my iPhone/Mobile device

and I said you fail to see context (nothing about it didn't happen)
.... once again your having a hard time about the details

[The Dad Fisherman]

Originally Posted by wdmso

and I said you fail to see context (nothing about it didn't happen)
.... once again your having a hard time about the details

I'm pretty sure you are the one having the problem with the details. I think I'm the only one that actually supplied, you know, details.

Is the fact that Trump wanted to freeze the pay increases because of a need to reign in Government spending less noble than Obama doing it because of the recession? Is that the context that maybe you are missing? Or is the context just a hatred for the man that drives your every thought?

[Jim in CT]

Originally Posted by The Dad Fisherman

Is the fact that Trump wanted to freeze the pay increases because of a need to reign in Government spending less noble than Obama doing it because of the recession?

YES. BECAUSE SHUT UP.

[Jim in CT]

Originally Posted by wdmso

Wow that’s some crazy thinking they should be thankful for the tax cut in place of a raise that affects their retirement down the road??
Posted from my iPhone/Mobile device

WDMSO, is it that much better to get a $100 raise, than it is to get a $100 tax cut? At the end of the day, if you have $100 more to spend, do you care which column in the balance sheet it came from? If so, could you please explain why? Because I couldn't give a rat's azz.

[detbuch]

Originally Posted by Jim in CT

WDMSO, is it that much better to get a $100 raise, than it is to get a $100 tax cut? At the end of the day, if you have $100 more to spend, do you care which column in the balance sheet it came from? If so, could you please explain why? Because I couldn't give a rat's azz.

Actually, a tax cut will net you more than an equal pay raise. Part of the pay raise will be reduced by income taxes.

[Jim in CT]

Originally Posted by detbuch

Actually, a tax cut will net you more than an equal pay raise. Part of the pay raise will be reduced by income taxes.

Oh shut up with that logic.

Raises are better, especially if they are a result of liberal policies.

[wdmso]

Originally Posted by detbuch

Actually, a tax cut will net you more than an equal pay raise. Part of the pay raise will be reduced by income taxes.

not sure how your retirement works mine is based on. base pay last 3 years tax break does nothing to increase my retirement pay compared to a pay raise ... and not all states tax pension to start with

[Jim in CT]

Originally Posted by wdmso

not sure how your retirement works mine is based on. base pay last 3 years tax break does nothing to increase my retirement pay compared to a pay raise ... and not all states tax pension to start with

You literally have no idea what you are saying.

The Trump tax cut deals with FEDERAL income tax rates, not state income tax rates. If you were drawing on your pension, the federal tax cut would almost certainly have given you a bump in your take-home portion of your pension.

A federal tax cut will not increase your gross pension payment, because that is determined based on your contract. A federal tax cut will increase your net pension payment, and net is what matters.

If your gross pension is, say, $40,000 a year, and your federal tax rate decreases, then you have more money from each pension check How can you deny this?

My net pay increased by $200 a month after the tax cuts took effect, and my gross pay did not change. The increase was because of reduced federal withholding.

You are being completely irrational.

[detbuch]

Originally Posted by wdmso

not sure how your retirement works mine is based on. base pay last 3 years tax break does nothing to increase my retirement pay compared to a pay raise ... and not all states tax pension to start with

The only raises I've had in my Detroit pension were based on cost of living adjustments. In Michigan, pensions acquired after a certain date, don't remember which, are taxed. The Federal government taxes my Social Security. Public sector pay raises (which represent most pensions), as far as I know, are taxable at the federal, state and municipal levels.