"have not affected sales."

Ok. So you were wrong.

Worse than that: he purposely left out the salient word ... the one that BELIES HIS POINT.

It's intellectual dishonesty., bordering on gaslighting.

" for starters it is in a phase out stage and not expired."

Nonsense. 100% bonus depreciation expired.

Lowering the allowed deduction ANY AMOUNT is only due to an expiring provision.

"Now, if they work at a multiple Michelin star locations, they may come close to that"

Thanks for admitting my point.

And yes, their usual go-to will have a Michelin Star; the bride and I have had at least a half dozen of those experiences with them, including Boyer in Reims, when the 3-star was considered the finest in the world.

And when they travel, they stay almost exclusively at a Relais & Chateaux.

But their tens of thousands in annual tips should be tax-free for the six-figure waiter ... right?

"There is definitively no way to satisfy the current crop of leftists."

Then go on record, dude.

This tax bill borrows trillions and trillions, mostly to give away to the world's wealthiest 1%. Are you FOR that, or AGAINST it?

You were against Biden increasing the debt; are you against this as well? Or is this borrowing okay, because of the letter after the name?

Speak up now; no future bitching about deficits.

"unless he believes people making tips and working OT vs. salaried positions are so rich"

No need to lie, dumfuq.

I believe exempting some workers, but not co-workers, is unfair. I also believe singling out one or two professions, and none other, is patently unfair.

The fact you purposely misconstrue my position makes you look like a classless lying sack of schittt.

Ultimately, it comes down to this: Why should I have to pay taxes on my labor, but they don't? And "because they're poor" doesn't cut it; you're not, say, tripling the standard deduction. You're picking winners and losers, something you pretend to loathe, at least when Dems do it.

"working class people getting more money in their pockets due to reduced taxes "

Yeah, the waitress making $23k might save twenty bucks a week. Meanwhile, the folks at the bottom of the .1% will save more than twice her annual salary; savings only go up from there.

The typical billionaire has a net worth of $5.3 billion. (Math: 3000 billionaires, $16T cumulative net worth) Assuming a 5% return, and using the 2% spread between 37% and 39%, that's an annual savings of $53 million.

So she gets 20 bucks a week, and the billionaire gets a million bucks a week.

Now tell me these monies are aimed at her.

"liberals on this website state that we need to provide tax relief and direct cash payments to poor people because it spurs the economy as they immediately spend it without saving as opposed to rich people that save most of it?"

That's because a tax cut brings less than one dollar of economic activity, and a dollar at the low end brings MORE than a dollar of EA.

That said, that's not what this is about. This is about pandering with a few bucks for the poorest, so the richest can get over half the cost of the tax bill.

Earlier today, Scatberg decried Biden adding trillions to the debt. But when he's asked about the trillions and trillions of new borrowing, mostly for tax cuts to the world's wealthiest 1% ...

... he's okay with that, because of (R)easons.

"That equates to a 4% annual increase in revenue"

So if inflation is 3%, that's 1% in real increase, correct?

"much higher growth that will occur with the tax cuts and other policies."

Growth? Based on higher unemployment and loss of government revenues and services?!?

Well, since you won't say if you're FOR or AGAINST borrowing trillions and trillions for tax giveaways, I have just one question:

What name will you be posting under when all your predictions fall short?

"I just told you what I am for and against."

Yeah, we got it, you're a dispossessed Democrat who drank waaaay too much kool-aid.

Back to the issue you've been avoiding, are you FOR or AGAINST borrowing trillions and trillions more, mostly for tax cuts?

You don't get to wait until AFTER it passes, and then bitch about the deficit.

FOR, or AGAINST?

"Gift taxes kick in over $18,000"

That's SO 2024!

For 25, it's $19K. A couple could give a couple $76,000.

"Does that have a cap? What if the amount of the gift check is more than $10,000?"

Gift taxes kick in over $18,000. But that's per person to person. A married couple could give another couple $72,000 without incurring gift taxes.

But gift taxes are due from the giver, not the recipient ... unless the IRS can't find the giver, or the giver died and the taxes either can't or won't be paid. Then the bill is YOURS.

Same deal with payroll taxes: they're due from the employer, but the liability is yours; if the employers don't or can't pay, you'll get a bill.

That said, all of this is for the plebeians: the wealthy have GRATs, where UNLIMITED amounts can be given, inheritance-tax-free. Sheldon Adleson gifted $8 BILLION to his kids, avoiding about $3 Billion in taxes.

"No tax on tips"

My older brother and SIL are retired doctors with no kids. He's also been a very good investor over the years. Their passions are high-end travel and high-end dining.

Point is, it's not uncommon for them to spend over $1,000 on a dinner, especially since he usually starts by ordering two bottles of expensive wine. I've seen bills over $3,000, but that was for four of us.

If you amalgamated their waiter for the year, and operated on the assumption he provided HALF that waiter's tips (IOW, the waiter had to work the whole shift to earn the other half, from lower tabs) ...

That's a six-figure income, paying no income tax.

"my recollection is that up until about...10-15 years ago or so, cash tips did not have to be reported. They were essentially under the table."

That not an uncommon misconception. But it's been untrue in all 37 years of my practice.

Taxes are due in ALL taxable acquisitions of wealth, from tips, to self-employment, to prize winnings, to finding a diamond ring in that thrift-store jacket you bought. ALL taxable events.

Not taxable: a birthday check from your Aunt Zelda.

But if you're self-employed, you'd better have proof: the IRS's default assumption is it's self-employed income.

And careful what you wish for: exempting taxes on tips will only be regarding INCOME tax. The payroll taxes will still need to be paid. There will also, no doubt, be requirements to report ALL your tips for them to be exempt.

This also may be a ploy, to get updated info on average tipping percentages. Currently, the IRS uses 8% in unknown areas, like largely or exclusively cash businesses.

"TRUTH. Can't wait for you -------- to explain to your voters why we cannot eliminate taxes on tip and OT"

Because it's unfair to tax one person's labor, while exempting their co-workers.

The janitor, who is paid a fair wage without relying on tips, gets 100% of his income taxed. Same for the manager. But the waitstaff? Over 75% of their income tax is forgiven. How is that fair?

And overtime is exempt??? That's the intersection of Asking For Abuse and Bookkeeping/Auditing Nightmare.

"It was 10M before ------- Biden brought in his illegal hordes. According to MIT, it was likely already 20M+ in the early 2000's - but then Biden brought in 10M+ more"

More Republican Math.

#35

Blah, blah, blah

I'll ask again: we're about to borrow TRILLIONS and TRILLIONS to renew expiring tax cuts. You just complained about Biden increasing the debt.

Are you FOR or AGAINST this new borrowing for tax cuts for (mostly) the world's wealthiest 1%?

"This might be the absolute worst question you've ever asked, in terms of what it says about your character as an American."

Hey ... Give the guy a break.

He's trying to avoid a half-dozen subjects he used to SCREECH about, because Trump is doing the censorship, the Constitutional violations, the profligate deficit spending, the bribery/corruption, and the rights denials, all wide out in the open.

You don't want him to tarnish his partisan hack bona fides, do ya???

"Once the people understand that it is not a cut ... "

$800 billion isn't a cut? A directive to cut ... won't be a cut???

Republican Math is a dangerous thing, kids. Stay in school!

"Ignore the killings and taking of farms and threats these people have to go through"

Hmmm ...

Sounds like what you're currently doing to every asylum applicant.

Provided they're dark-skinned, of course.

"Could someone articulate exactly what cuts to medicare are in the bill?"

The commitment to slash SO MUCH SPENDING it's impossible mathematically to do it without slashing Medicare and Medicaid.

But you voted for this, right? That's what the President is telling you.

" Joe Biden just racked up $9T in debt in 4 years"

So are you coming out foursquare against this NEW BORROWING or not?

"Nobody is above the law."

Says the J6 defender, and poster who STILL can't come up with a single example of lawfare against Trump.

It's like the comedy writes itself!

" 100% of the Dems voted against no tax on tips and OT"

That must mean 100% of Republicans don't GAF about debts or deficits.

Let's just cut to the chase, shall we?

Is it a GOOD idea or a BAD idea to borrow $6 Trillion, to give $7.7 Trillion in new or renewed tax cuts, over half going to the world's richest 1%?

It's moments like these I refer to, when Republicans complain (and rightfully so) about debt. NOW's the chance to speak up.

If you wait until a Dem is in charge ... I'll remind you of your dead silence at the important moment.

" Mississippi's request for federal aid is still pending before the Federal Emergency Management Agency"

Sorry, MS, but you voted to axe FEMA. Just ask Dotard; he'll tell you.

How does it feel to wake up in Pottersville?