POTUS 45.21 STAND for our great National Anthem

[Deutsche Gopher Fan]

Why is this ok? Seriously. Look at how GW treated Cindy Sheehan and was criticized for it and compare it with this and the Khan's. Seriously, I want to know why this is OK.

Well, she's black, and female, let's start there

[ScoobyDoo]

Re: POTUS 45.21 STAND for our great National Anthem

Well, she's black, and female, let's start there

And the Khan's were Muslim. Duhhhhhhhhhhhhhhhhhhhhhhh. Now I get it. Never mind.

[FadeToBlack&Gold]

Re: POTUS 45.21 STAND for our great National Anthem

Yep, we only care about white, Xtian troops now.

[joecct]

Yep, we only care about white, Xtian troops now.

https://youtu.be/tsbAba0qLHI

[Deutsche Gopher Fan]

Yep, we only care about white, Xtian troops now.

Also, we don't like soldiers who get captured or ambushed.

[FlagDUDE08]

Re: POTUS 45.21 STAND for our great National Anthem

Since the tax plan is a big part of the next few weeks- did anyone hear the way they plan on getting back the taxes lost by lowering the tax brackets?

By lowering what you are allowed to put into a 401k.

Seriously. Instead of limiting to 18k a year, it will go to well under $5,000. That raises a person's immediate taxable income.

Which means that people who put a very significant part of their income into their retirement will be funding the upper end who have a tax break.

Yay.

Most people only go 401k up to a company match anyway, and it's a lot better to do a Roth IRA anyway because it's tax free, not tax deferred, which is where a lot of baby boomers are starting to regret their investment decisions. I'm sure the limits will still be higher once you're over 50 so you can "catch up". The limits also effectively double if you're married filing jointly.

[ScoobyDoo]

Re: POTUS 45.21 STAND for our great National Anthem

Most people only go 401k up to a company match anyway, and it's a lot better to do a Roth IRA anyway because it's tax free, not tax deferred, which is where a lot of baby boomers are starting to regret their investment decisions. I'm sure the limits will still be higher once you're over 50 so you can "catch up". The limits also effectively double if you're married filing jointly.

A Roth isn't "tax free". In a Roth you have already paid the taxes before the investment.

[FlagDUDE08]

Re: POTUS 45.21 STAND for our great National Anthem

A Roth isn't "tax free". In a Roth you have already paid the taxes before the investment.

The earnings are tax free, though. So long as you keep them around until 59.5 or 5 years, whichever is longer. With the 401(k) and traditional IRA you pay taxes on everything, and you're also forced to take distributions when you're 70.5.

[alfablue]

Re: POTUS 45.21 STAND for our great National Anthem

The earnings are tax free, though. So long as you keep them around until 59.5 or 5 years, whichever is longer. With the 401(k) and traditional IRA you pay taxes on everything, and you're also forced to take distributions when you're 70.5.

But you only pay taxes at the rate you take it out. And since many spend less to live on in retirement, you gain a lot by lowering your tax bracket.

Whereas a Roth, you are taxed at your income rate.

Plus, there are limits on who can actually use a Roth. Sure, most of the middle class will never see that, but that does leave people who earn up to the 401k limit as the ones who really are holding the tax burden bag.

A far better way to raise income taxes is to balance the taxes WRT source. Make unearned income equal with earned income. That will generate billions in tax revenue. Make actually working for your money the goal again. But this will never happen, as it puts more burden on people who make over $1M a year. As if they need to pay less to live on.

[Deutsche Gopher Fan]

But you only pay taxes at the rate you take it out. And since many spend less to live on in retirement, you gain a lot by lowering your tax bracket.

Whereas a Roth, you are taxed at your income rate.

Plus, there are limits on who can actually use a Roth. Sure, most of the middle class will never see that, but that does leave people who earn up to the 401k limit as the ones who really are holding the tax burden bag.

A far better way to raise income taxes is to balance the taxes WRT source. Make unearned income equal with earned income. That will generate billions in tax revenue. Make actually working for your money the goal again. But this will never happen, as it puts more burden on people who make over $1M a year. As if they need to pay less to live on.

Yep. I can't contribute to a Roth but I'm certainly not in the top few percent.

[Kepler]

Re: POTUS 45.21 STAND for our great National Anthem

Stupid and showing signs of dementia. That dialogue is just fugly, no matter how you slice it.

He's not showing signs of dementia. Looking back over his statements throughout his career he has always been rock stupid. He's not losing his fastball. This is his fastball.

[dxmnkd316]

Re: POTUS 45.21 STAND for our great National Anthem

Since the tax plan is a big part of the next few weeks- did anyone hear the way they plan on getting back the taxes lost by lowering the tax brackets?

By lowering what you are allowed to put into a 401k.

Seriously. Instead of limiting to 18k a year, it will go to well under $5,000. That raises a person's immediate taxable income.

Which means that people who put a very significant part of their income into their retirement will be funding the upper end who have a tax break.

Yay.

Is this for real?

[ScoobyDoo]

Re: POTUS 45.21 STAND for our great National Anthem

Is this for real?

Yep.

At least it was proposed. I just saw an article that Trump says no to this one. Sounds like Trump just wants to blow up the deficit.

[alfablue]

Re: POTUS 45.21 STAND for our great National Anthem

Is this for real?

http://www.businessinsider.com/retir...x-plan-2017-10

I heard it during Morning Edition this morning, too.

edit- here's a NYT article, too. https://www.nytimes.com/2017/10/20/u...tax-401-k.html

This would really suck for us- we are in the area that maxes out the contributions and do not qualify for Roth.

[French Rage]

Re: POTUS 45.21 STAND for our great National Anthem

He's also now tweeting that the war widow is lying- this outta end well.

"How dare you misunderstand what I was trying to convey and misconstrue it as an insult to the troops", says guy who thinks kneeling football players hate America.