Author Topic: Trump-Republican tax plan bad for large families  (Read 8821 times)

Offline Freddie

  • Dansdeals Presidential Platinum Elite
  • ********
  • Join Date: Apr 2013
  • Posts: 3058
  • Total likes: 184
  • DansDeals.com Hat Tips 1
    • View Profile
  • Location: Pittsburgh
Re: Trump-Republican tax plan bad for large families
« Reply #15 on: November 27, 2016, 03:09:28 PM »
Does he have more than 1.5 per wife?

Three wives (keinainahora?) and how many kids? Donald Jr., Eric, and (lehavdil) Ivanka from Ivana. Tiffany from Marla Maples. Baron from Melania. Wow, I cannot believe I just did that from memory. It may not be right.

So 5/3=1.67 children per wife.

Offline joe1234

  • Dansdeals Platinum Elite + Lifetime Gold Elite
  • ******
  • Join Date: Jul 2015
  • Posts: 950
  • Total likes: 47
  • DansDeals.com Hat Tips 17
    • View Profile
Re: Trump-Republican tax plan bad for large families
« Reply #16 on: November 27, 2016, 03:22:55 PM »
Sounds like in the near future all Jews will be legally divorced living in the same home....
🏃🏻Time flies when you're in a rush

Offline David Smith

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Jun 2015
  • Posts: 8194
  • Total likes: 166
  • DansDeals.com Hat Tips 13
    • View Profile
Re: Trump-Republican tax plan bad for large families
« Reply #17 on: November 27, 2016, 03:25:59 PM »
I've been shouting this from the rooftops in the poisen thread.
Trump is horrific for our community. Not to mention benefit cuts that are sure to come.

Didn't stop the yated from endorsing him, and the vast majority of the community voting for him like sheep.
This is a fascinating phenomena to me in our community.
Who do you think you are fooling? You think you are going to pull a quick one on your Creator? Good luck with that.
JTZ

Offline CZ60

  • Dansdeals Platinum Elite
  • ****
  • Join Date: Jul 2014
  • Posts: 391
  • Total likes: 25
  • DansDeals.com Hat Tips 1
    • View Profile
  • Location: New York
Re: Trump-Republican tax plan bad for large families
« Reply #18 on: November 27, 2016, 03:26:49 PM »
Less of a deduction but also the tax rate would be lower... so instead of having a marginal tax rate of 30% with more deductions, your marginal rate would be 20-25% with less deductions. It may be a wash in the end of the day but its not a disaster if you have 7 kids. There's more to taxes than seeing how much you can deduct  :P

Offline David Smith

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Jun 2015
  • Posts: 8194
  • Total likes: 166
  • DansDeals.com Hat Tips 13
    • View Profile
Re: Trump-Republican tax plan bad for large families
« Reply #19 on: November 27, 2016, 03:27:30 PM »
Money isn't the first thing on everyone's mind.
+1
White power FTW.


Who do you think you are fooling? You think you are going to pull a quick one on your Creator? Good luck with that.
JTZ

Offline Ephcc90

  • Dansdeals Platinum Elite
  • ****
  • Join Date: May 2013
  • Posts: 494
  • Total likes: 1
  • DansDeals.com Hat Tips 0
    • View Profile
  • Location: Far Rockaway
Re: Trump-Republican tax plan bad for large families
« Reply #20 on: November 27, 2016, 03:55:04 PM »
I would argue that it would be better for everyone, regardless of family size. For how many years do you think you will be able to claim all 7 dependents? The higher standard deduction can always be claimed.

Online ExGingi

  • Dansdeals Presidential Platinum Elite
  • ********
  • Join Date: Nov 2015
  • Posts: 2999
  • Total likes: 201
  • DansDeals.com Hat Tips 5
    • View Profile
  • Location: 770
Re: Trump-Republican tax plan bad for large families
« Reply #21 on: November 27, 2016, 03:55:29 PM »
Sounds like in the near future all Jews will be legally divorced living in the same home....
I've suggested that before (I'll leave it to others to dig up). Though I might have been mistaken about New Hampshire, Guam seems to be the way to go.

Offline Deal Guy

  • Dansdeals Presidential Platinum Elite
  • ********
  • Join Date: Apr 2009
  • Posts: 4157
  • Total likes: 16
  • DansDeals.com Hat Tips 9
    • View Profile
Re: Trump-Republican tax plan bad for large families
« Reply #22 on: November 27, 2016, 04:31:16 PM »
I would argue that it would be better for everyone, regardless of family size. For how many years do you think you will be able to claim all 7 dependents? The higher standard deduction can always be claimed.
In many homes people have college students (up to the age of 24),  until the parents are around 60.

Online ExGingi

  • Dansdeals Presidential Platinum Elite
  • ********
  • Join Date: Nov 2015
  • Posts: 2999
  • Total likes: 201
  • DansDeals.com Hat Tips 5
    • View Profile
  • Location: 770
Re: Trump-Republican tax plan bad for large families
« Reply #23 on: November 27, 2016, 04:34:54 PM »
Someone pointed out to me last year, that there is no tax benefit in claiming dependents beyond a certain number. (Some people even give away some children to their parents to parents to claim as dependents so at least someone can benefit). I personally stopped claiming 3 of my children (though no-one else is claiming them  ;)).

Offline David Smith

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Jun 2015
  • Posts: 8194
  • Total likes: 166
  • DansDeals.com Hat Tips 13
    • View Profile
Re: Trump-Republican tax plan bad for large families
« Reply #24 on: November 27, 2016, 04:36:36 PM »
Start a thread in goods for sale.
Who do you think you are fooling? You think you are going to pull a quick one on your Creator? Good luck with that.
JTZ

Offline JTZ

  • Dansdeals Lifetime Platinum Elite
  • *******
  • Join Date: Apr 2016
  • Posts: 2003
  • Total likes: 215
  • DansDeals.com Hat Tips 1
    • View Profile
Re: Trump-Republican tax plan bad for large families
« Reply #25 on: November 27, 2016, 04:37:04 PM »
Someone pointed out to me last year, that there is no tax benefit in claiming dependents beyond a certain number.
Not enough income?
"LESS IS MORE" It is the cumulative effect that kills deals!!! How many times do I have to say this?  >:(

Online aygart

  • Dansdeals Presidential Platinum Elite
  • ********
  • Join Date: May 2008
  • Posts: 4788
  • Total likes: 449
  • DansDeals.com Hat Tips 5
    • View Profile
    • Lower Watt Energy Brokers
  • Programs: www.lowerwatt.com
Re: Trump-Republican tax plan bad for large families
« Reply #26 on: November 27, 2016, 05:10:55 PM »
I am surprised that AMT was not brought up here which removes the deduction for lots of the large families anyhow.
You have the right to remain silent. Anything you say can and will be used to start a religious discussion.

Offline grodnoking

  • Dansdeals Presidential Platinum Elite
  • ********
  • Join Date: Nov 2014
  • Posts: 3270
  • Total likes: 44
  • DansDeals.com Hat Tips 3
    • View Profile
  • Location: TriState
Re: Trump-Republican tax plan bad for large families
« Reply #27 on: November 27, 2016, 07:04:45 PM »
Start a thread in goods for sale.
Pretty sure (there is a thread about) someone was giving away their children with a house for awhile
I'm not who you think I am.

Online churnbabychurn

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Jul 2012
  • Posts: 6549
  • Total likes: 85
  • DansDeals.com Hat Tips 0
    • View Profile
  • Location: Lakewood
Re: Trump-Republican tax plan bad for large families
« Reply #28 on: November 27, 2016, 07:25:36 PM »
Someone pointed out to me last year, that there is no tax benefit in claiming dependents beyond a certain number. (Some people even give away some children to their parents to parents to claim as dependents so at least someone can benefit). I personally stopped claiming 3 of my children (though no-one else is claiming them  ;)).
There's a limit to the number of exemptions?
 News to me.

Online aygart

  • Dansdeals Presidential Platinum Elite
  • ********
  • Join Date: May 2008
  • Posts: 4788
  • Total likes: 449
  • DansDeals.com Hat Tips 5
    • View Profile
    • Lower Watt Energy Brokers
  • Programs: www.lowerwatt.com
Re: Trump-Republican tax plan bad for large families
« Reply #29 on: November 27, 2016, 07:34:22 PM »
There's a limit to the number of exemptions?
 News to me.
Maybe he means AMT?
You have the right to remain silent. Anything you say can and will be used to start a religious discussion.