Replies to post #486683 on Tornado Alley (PROG)

[OMOLIVES]

Not exactly true. The Paul Ryan managed tax plan was mostly about simplifying the tax code. It lowered most brackets and killed off a lot of bs itemized deductions. So the standard deductions literally blew up.

The biggest lie you will see out there is middle income paying more taxes and getting less of a refund or paying taxes. They never adjusted their withholding after such. The method was to let you have more cash during the fiscal year and not have to owe you on the back end(refund). Such was adjusted over the term. Many saw that as paying more in taxes..lol. I can understand that though...given the bull shite that was spouted.

High income loopholes did get abused during this(almost done). Reducing the tax liabilities of Corporations is good....but they abuse the shit out of it and make it moot(not all). That is why we need to kill those loop holes.

The point is..the tax code needs to be simplified more...and that tax plan was a significant start. All that needs to be done is get rid of loopholes. And we are getting there.

:)

loophole
noun
loop·?hole 'lüp-?hol

1: a means of escape
especially : an ambiguity or omission in the text through which the intent of a statute, contract, or obligation may be evaded

Damn bastards..lol.