President Trump

[BrownArmy]

Yup - nine out of ten legislative initiatives in his '100 day Contract with America' haven't even been sent to Congress.

Knocking it out of the park!

 

[moreluck]

Yup - nine out of ten legislative initiatives in his '100 day Contract with America' haven't even been sent to Congress.

Knocking it out of the park!

Gorsuch........!!

 

[BrownArmy]

Gorsuch........!!

Lulz.

 

[Sportello]

Read the transcript from Trump's AP interview.

The man is not right.

 

[UpstateNYUPSer(Ret)]

Gorsuch........!!

...would be the one that he got right...

 

[ImWaitingForTheDay]

Drumpf is skipping the annual correspondence dinner to do a rally. They will scream built the wall.Will he still say Mexico will pay for it?Drumpf FANS (his word) have fallen for the old bait and switch.

 

[TheJerk]

Drumpf is skipping the annual correspondence dinner to do a rally. They will scream built the wall.Will he still say Mexico will pay for it?Drumpf FANS (his word) have fallen for the old bait and switch.

He's just saving himself the embarrassment. That Dinner is going to be Hilarious.

 

[Jones]

 

[Catatonic]

Well this will be interesting to watch.

Is Trump about to change your 401(k)'s biggest tax break?

Yes indeedy!

A possibility will be that this will increase the potential wealth if the USA market continues in current and previous patterns. Then make Soc Sec based on need which would include accumulated wealth.

I probably will not be around to see this ultimate effect to lessen Central Government expenditures.

 

[UpstateNYUPSer(Ret)]

Yes indeedy!

A possibility will be that this will increase the potential wealth if the USA market continues in current and previous patterns. Then make Soc Sec based on need which would include accumulated wealth.

I probably will not be around to see this ultimate effect to lessen Central Government expenditures.

I do hope that I am retired by the time this takes effect, if it indeed becomes law.

One of the primary reasons that I have a 401k is for the tax break.

What's next----the mortgage interest deduction?

 

[bottomups]

My mortgage has been long paid off. Time to do away with that deduction.

 

[UpstateNYUPSer(Ret)]

My mortgage has been long paid off. Time to do away with that deduction.

I stopped having kids a long time ago----time to do away with those deductions.

I last attended a college class in 1989----time to do away with the tuition and student loan interest deductions.

 

[bottomups]

Agreed. Do away with all deductions and just tax at a flat rate.

 

[UpstateNYUPSer(Ret)]

Agreed. Do away with all deductions and just tax at a flat rate.

...or better yet give me my whole take home and let me decide how to spend it...www.fairtax.org.

 

[brownmonster]

Yes indeedy!

A possibility will be that this will increase the potential wealth if the USA market continues in current and previous patterns. Then make Soc Sec based on need which would include accumulated wealth.

I probably will not be around to see this ultimate effect to lessen Central Government expenditures.

So take away benefits we paid for (SS) because we were smart enough to save and plan ahead?

 

[moreluck]

So take away benefits we paid for (SS) because we were smart enough to save and plan ahead?

success is ALWAYS punished.........

 

[UpstateNYUPSer(Ret)]

success is ALWAYS punished.........

I saw Mike Bloomberg on 60 Minutes. He didn't appear to be a punished man.

 

[wkmac]

Yes indeedy!

A possibility will be that this will increase the potential wealth if the USA market continues in current and previous patterns. Then make Soc Sec based on need which would include accumulated wealth.

I probably will not be around to see this ultimate effect to lessen Central Government expenditures.

I'd like to see an option of either taking SS benefits at retirement or passing on SS benefits and your 401k and pension are tax free. Not sure what the numbers would work out to be but might be interesting in how it might shore up the existing SS program with little effect on actual tax revenue lost. Again, I've not looked at actual numbers but just an idea that could benefit many all the way around. I'd even be willing to leave money on the table to not have to file an income tax return.

 

[UpstateNYUPSer(Ret)]

Just watched the press conference.

Tax brackets reduced from 7 to 3.

Standard deduction doubled.

First $24K of gross income for married couples tax exempt.

Mortgage interest and charitable deductions remain--all other deductions eliminated, including 401k and student loan interest.

 

[oldngray]

As always there will be winners and losers. It sounds like a good attempt to simplify tax codes a bit but I see little chance of it making it through Congress without some special interest groups getting more tax breaks.