12-14-2016, 06:24 AM
(12-13-2016, 09:53 PM)Warren Dew Wrote:(12-13-2016, 03:27 PM)David Horn Wrote: Butting in here, but I have to go with Mike. If you cut my tax rates, it will merely take me less time to achieve the amount of after-tax income I need to be comfortable.
You're assuming I'm cutting your taxes as well as your tax rates. That might not be a good assumption. For example, I might be taking away all your deductions, leaving your tax burden as high or higher than before, even with the reduced tax rates.
A self-employed plumber will have business deductions that are never going to be cut. The outrage from the business community makes that simply impossible. Of course, a suicidal maniac might get it done, but the result would never hold. That POTUS and all enabling members of Congress would lose their jobs in the next election -- and they know it.
Intelligence is not knowledge and knowledge is not wisdom, but they all play well together.