Liberal Forum

ROG62 » 5 minutes ago » wrote: ↑

5 minutes ago

normal tax rates are acceptable, but not welcomed...

I used to travel for work a great deal, and I would always stock up on EVERYTHING before I left my community, so that my taxes would support my local government. I rolled out on a full tank and returned empty. I COULD have saved some nickels and dimes a few dollars, - but I preferred to support my local government. 

I've never had a problem with local and state taxes.
 

Cannonpointer » Yesterday, 8:48 pm » wrote: ↑

Yesterday, 8:48 pm

No.

If you were, your taxes would not have gone up. Wealthy people do not PAY state taxes. Working and middle class people do.
 
NJ taxes income from wages. Wealthy people make capital gains - not income. And wealthy people are able to shield even their capital gains from taxes by never claiming their gains, instead borrowing from themselves while leaving the gains unclaimed, or borrowing with the gains as collateral at lower interest than what those gains are making, while never claiming them.

Once again, you prove how eager you are to provide an incorrect opinion on **** you know nothing about.
No surprise there.

To help educate your ignorant self, the fact is that NJ and 9 other Democrat-controlled high-tax states had their wealthy residents lose state's property tax deduction for amounts over $10,000.  My property tax was roughly $22,000, which meant that the Trump tax cut eliminated $12,000 of that property tax deduction from my federal return raising my taxable income significantly.  And I fully agreed with the reasoning of that tax increase because it is not right for a state like NJ to increase property taxes on a whim, knowing most people paying those high taxes could deduct that full cost from their federal return. It rewarded high-tax states which are all run by liberal Democrats like NJ, NY, CA, CT, and MA to save money while responsible, low-tax states received no such value consideration.

You expose your ignorance to a laughable degree if you believe wealthy people don't pay state taxes.  Losing that deduction combined with my income tax for BOTH federal and state taxes increased my total tax bill on my joint return after Trump's tax cut to rise to over $40,000 in one year and just under $30,000 in 2 other years.

Here, nitwit.  Read the facts!:

Here's how Trump law limiting your property tax break hurt Jersey's middle class
Sep. 19, 2018 By Jonathan D. Salant | NJ Advance Media for NJ.com
WASHINGTON -- When pushing for limiting how much you can deduct for state and local taxes on your federal income taxes, Republican lawmakers argued that such breaks were unfair because they subsidized the super rich -- especially in states like New Jersey.

But new statistics show the impact of the tax law signed by President Donald Trump hits far more New Jerseyans who make far less.

Most New Jersey households affected by the Republicans' $10,000 cap on the state and local tax deduction make $75,000 to $200,000 a year, new studies show.

 

Trump tax law slams N.J. harder than any other state
Mar. 29, 2018
Jonathan D. Salant | NJ Advance Media for NJ.comWASHINGTON -- Watch out New Jersey: President Donald Trump's tax law will hit you harder than any other state.The Tax Policy Center, a research group, says in a new report that 10.2 percent of New Jersey households will see their federal income taxes go up this year under the Republican tax measure.  That's in large part due to the law's $10,000 cap on the deduction for state and local income, property and sales taxes.New Jersey was the only state where the percentage of those facing a tax hike reached double digits.Next came Maryland with 9.4 percent and California with 8.6 percent, according to the report by the center, a joint venture of the progressive Urban Institute and Brookings Institution. Its advisory board includes experts who formerly served in Democratic or Republican administrations.

 
 

Zeets2 » 21 minutes ago » wrote: ↑

21 minutes ago

You expose your ignorance to a laughable degree if you believe wealthy people don't pay state taxes.  Losing that deduction combined with my income tax for BOTH federal and state taxes increased my total tax bill on my joint return after Trump's tax cut to rise to over $40,000 in one year and just under $30,000 in 2 other years.

Here, nitwit.  Read the facts!:

The actual headline of your source:

"Here's how Trump law limiting your property tax break hurt Jersey's middle class"

You admit that you are middle class - not "wealthy." That was all I said. And you just admitted it.

Thank you. 
 
 

Cannonpointer » 32 minutes ago » wrote: ↑

32 minutes ago

The actual headline of your source:

"Here's how Trump law limiting your property tax break hurt Jersey's middle class"

You admit that you are middle class - not "wealthy." That was all I said. And you just admitted it.

Thank you. 

You think I give a **** what you call me?
I've got several million in investment accounts, a new 3 bed, 3 bath home with no mortgage worth over half a million within an upscale gated community with our own 18 hole private golf course and both indoor and outdoor pools, two libraries, a full gym and a huge game room, my wife has a great pension and hasn't even started drawing her SS yet, great health insurance in Medicare plus a supplement, we own two cars outright, and have zero debt.

You can call my status whatever makes you feel better about yourself.  Most paupers feel the need to do so.
The opinions of ignorant morons like yourself haven't bothered me for over 50 years. 
But obviously, you needed to respond to the fact that I exposed you as an ignorant buffoon regarding how many of the wealthy (or as you prefer, the "middle class") have been hurt by the Trump tax cut.

So you've given me yet another opportunity to prove what an ignorant blowhard you are when you have zero understanding of what qualifies a person to be considered "wealthy":

What is considered wealthy in NJ?By Duane Haynes  June 17, 2024

What is wealthy in New Jersey?
To be in the top 20% of earners in New Jersey, one needs to make at least $181,484 annually. To be in the top 5%, an income of at least $250,000 is required. The income controlled by the top 5% in New Jersey is 22.9%, which is the 16th highest.

What is the 1% wealth in New Jersey?
To be in the top 1% of wealth in New Jersey, one needs to have an income of more than $800,000. These high earners also pay one of the steepest tax rates in the country.

At what point are you considered wealthy?
Someone who has $1 million in liquid assets is usually considered to be a high net worth (HNW) individual. To have a very high net worth, one might need $5 million to $10 million or more.

What is considered wealthy in 2023?
Based on the Charles Schwab Modern Wealth Survey, having a net worth of $2.2 million will be considered wealthy in 2023.

Maybe it's time you learned to shut the **** up when you're so totally clueless about the facts you pretend to be an expert on?
 

Cannonpointer » Today, 11:35 am » wrote: ↑

Today, 11:35 am

The actual headline of your source:

"Here's how Trump law limiting your property tax break hurt Jersey's middle class"

You admit that you are middle class - not "wealthy." That was all I said. And you just admitted it.

Thank you. 

His source is left leaning hacks.
 

Cedar » 49 minutes ago » wrote: ↑

49 minutes ago

His source is left leaning hacks.

OK then, so what do YOU consider to be wealthy in a high-tax state like NJ, since you consider the Charles Swab Modern Wealth Survey to be made by left-leaning hacks?
 

Zeets2 » 35 minutes ago » wrote: ↑

35 minutes ago

OK then, so what do YOU consider to be wealthy in a high-tax state like NJ, since you consider the Charles Swab Modern Wealth Survey to be made by left-leaning hacks?

I wasn't responding to the wealth argument, I was responding to the headline blaming Trump for hurting the middle class and CP running with it. Face it NJ.com is a liberal rag.

I'm middle class and I did well under Trumps first term.

You in Jersey?
 

Cedar » 9 minutes ago » wrote: ↑

9 minutes ago

I wasn't responding to the wealth argument, I was responding to the headline blaming Trump for hurting the middle class and CP running with it. Face it NJ.com is a liberal rag.

I'm middle class and I did well under Trumps first term.

You in Jersey?

Sorry, I misunderstood.
Yeah.
Lived in North Jersey where I had my factory and other businesses for 40 years and just retired in central/south Jersey when my wife and I both retired last year.
Where are you and what are your property taxes like?
 

Zeets2 » 8 minutes ago » wrote: ↑

8 minutes ago

Sorry, I misunderstood.
Yeah.
Lived in North Jersey where I had my factory and other businesses for 40 years and just retired in central/south Jersey when my wife and I both retired last year.
Where are you and what are your property taxes like?

Gloucester Co

HIGH!!   
 

Cedar » 16 minutes ago » wrote: ↑

16 minutes ago

Gloucester Co

HIGH!! 

Yeah, I can imagine!
Is that south Jersey?
 

Zeets2 » 18 minutes ago » wrote: ↑

18 minutes ago

Yeah, I can imagine!
Is that south Jersey?

Yes
 

People that were paying attention at the time (they had a whole year) and had the means didn't get hurt near as much by the SALT cap.

They keep moving the goal posts on the wealth thing.

https://www.newtraderu.com/2025/01/26/a ... y-in-2025/

of recent data, to be considered among the top 1% of wealthy Americans, you would need a net worth of approximately $11.6 million. This figure starkly contrasts with the national average, highlighting the significant wealth disparity in the United States.

Moving down the percentiles, the top 2% threshold is about $2.7 million, while the top 5% begins at $1.17 million. The top 10% of wealthy Americans have a net worth starting at $970,900.

Fuelman » Today, 3:44 pm » wrote: ↑

Today, 3:44 pm

People that were paying attention at the time (they had a whole year) and had the means didn't get hurt near as much by the SALT cap.

They keep moving the goal posts on the wealth thing.

https://www.newtraderu.com/2025/01/26/a ... y-in-2025/

of recent data, to be considered among the top 1% of wealthy Americans, you would need a net worth of approximately $11.6 million. This figure starkly contrasts with the national average, highlighting the significant wealth disparity in the United States.

Moving down the percentiles, the top 2% threshold is about $2.7 million, while the top 5% begins at $1.17 million. The top 10% of wealthy Americans have a net worth starting at $970,900.

$1M is the new “middle class”

LowIQTrash » 46 minutes ago » wrote: ↑

46 minutes ago

$1M is the new “middle class”

  stop saying that, it's depressing! After 44 years all I did was scratch my way into the middle class.

LowIQTrash » Today, 4:50 pm » wrote: ↑

Today, 4:50 pm

$1M is the new “middle class”

There are roughly 5 generation gaps per ancestral lineage diviing 31 ancestors into natural numbers per generationgap living now.
17 cover great great grandparents and each great great grndchild.

14 cover the rest of the 31 parallel positions daily. Remember I said positions in generation gaps within an estimated 8.2 billion occupying time this rotation in this atmosphere.

Accoutability in plain sight. Nobody but me shows the accuracy of compounding chromosomes as I have last 18 years.

Zeets2 » Today, 12:04 pm » wrote: ↑

Today, 12:04 pm

You think I give a **** what you call me?
I've got several million in investment accounts, a new 3 bed, 3 bath home with no mortgage worth over half a million within an upscale gated community with our own 18 hole private golf course and both indoor and outdoor pools, two libraries, a full gym and a huge game room, my wife has a great pension and hasn't even started drawing her SS yet, great health insurance in Medicare plus a supplement, we own two cars outright, and have zero debt.

You can call my status whatever makes you feel better about yourself.  Most paupers feel the need to do so.
The opinions of ignorant morons like yourself haven't bothered me for over 50 years. 
But obviously, you needed to respond to the fact that I exposed you as an ignorant buffoon regarding how many of the wealthy (or as you prefer, the "middle class") have been hurt by the Trump tax cut.

So you've given me yet another opportunity to prove what an ignorant blowhard you are when you have zero understanding of what qualifies a person to be considered "wealthy":

Maybe it's time you learned to shut the **** up when you're so totally clueless about the facts you pretend to be an expert on?

And there you go again. "Top 20% of earners."

That's middle class, bro. Upper middle, maybe. Well to do. Economically liberated. 

But if ya wanna call yourself rich, ya need to be in the top 1% - not the top 20. 

Anyway, enjoy those new jersey property taxes. I guess you never heard of moving companies. Rich fella like you could move the whole family, just with your equity. 
 

Fuelman » Yesterday, 5:34 pm » wrote: ↑

Yesterday, 5:34 pm

  stop saying that, it's depressing! After 44 years all I did was scratch my way into the middle class.

Middle class is a badge of honor these days. Nothing wrong with that

Most peons today are wage slaves 4 life and they STILL can’t be Middle Class by the time they turn 50 

Lots of van / RV dwellers these days…
 
 

Cannonpointer » Yesterday, 8:31 pm » wrote: ↑

Yesterday, 8:31 pm

And there you go again. "Top 20% of earners."

That's middle class, bro. Upper middle, maybe. Well to do. Economically liberated. 

But if ya wanna call yourself rich, ya need to be in the top 1% - not the top 20. 

I mean, YOUR SOURCE - the one YOU thought refuted me - said that Trump's tax cuts hurt THE MIDDLE CLASS. I just pointed out what YOU copy-pasted, and then you called ME ignorant for believing YOUR source. 

That would tend to implicate you in idiocy, sir. Your name wouldn't be Ignatius, by any chance?

Anyway, enjoy those new jersey property taxes. I guess you never heard of moving companies. Rich fella like you could move the whole family, just with your equity. 
 
 
 

Wealth by artifical facts isn't rich with understanding why humanity fails every social New World Order forward in 7 generation gaps or less. Humanity's original sin is practiced 7 days a week every generationgap here today.

31stArrival » Yesterday, 6:11 pm » wrote: ↑

Yesterday, 6:11 pm

There are roughly 5 generation gaps per ancestral lineage diviing 31 ancestors into natural numbers per generationgap living now.
17 cover great great grandparents and each great great grndchild.

14 cover the rest of the 31 parallel positions daily. Remember I said positions in generation gaps within an estimated 8.2 billion occupying time this rotation in this atmosphere.

Accoutability in plain sight. Nobody but me shows the accuracy of compounding chromosomes as I have last 18 years.

Babbling **** spewing nonsense puking **** stain. Your mother sucks cocks in hell.

murdock » 14 minutes ago » wrote: ↑

14 minutes ago

Babbling **** spewing nonsense puking **** stain. Your mother sucks cocks in hell.

My mom is resting in death free from your calamity daily. I am working with Karma against your intellectual soul collective sustaining chaos daily, 7 days a week life never exceeds adapting here so far one at a time.

A sole understanding why and how they are a specific displacement all the time their heart beats in serie sparallel position of population forward now.