One, Big Beautiful Bill (The Mega-Bill)

[CaptUSA]

It is profoundly unjust.

It only affects losers. I like winners.

 

[PAF]

It is profoundly unjust. Someone buys a lottery ticket, and they win $5000. But they spent $5000 on lottery tickets.
This means they owe $500 in tax, because only 90% is deductible. It is obvious theft.

Imagine if they did this to stock market gains. Your stock goes up 10%, you sell. Then your stock goes down 10%, and you book the loss. Now you have to pay taxes, without any profits. Of course they would never hurt Wall Street this way.

I'm really having a hard time getting in their heads. All it can be is they get paid by their lobbyists and don't care if they are gone next election.
They are only there to take the money and run. It's really astonishing.

If/when the People suddenly stop voting, that's when the government will fear the people.

But they know rest assured that by the time the next election cycle comes around, people are going to flock around those voting booths like flies on shit.

 

[nikcers]

It is profoundly unjust. Someone buys a lottery ticket, and they win $5000. But they spent $5000 on lottery tickets.
This means they owe $500 in tax, because only 90% is deductible. It is obvious theft.

Imagine if they did this to stock market gains. Your stock goes up 10%, you sell. Then your stock goes down 10%, and you book the loss. Now you have to pay taxes, without any profits. Of course they would never hurt Wall Street this way.

I'm really having a hard time getting in their heads. All it can be is they get paid by their lobbyists and don't care if they are gone next election.
They are only there to take the money and run. It's really astonishing.

Its even worse than that.

You could put 100 dollars into a machine and win 6 figures and then keep gambling that 6 figures until you win 7 figures and then lose that entire 7 figures and owe the IRS years worth of your wages.

These types of scenarios are significantly more common than when someone wins a lottery.

When someone wins a lottery they usually dont immediately spend it all on more on a million more lottery tickets.

 

[Snowball]

Its even worse than that.

You could put 100 dollars into a machine and win 6 figures and then keep gambling that 6 figures until you win 7 figures and then lose that entire 7 figures and owe the IRS years worth of your wages.

These types of scenarios are significantly more common than when someone wins a lottery.

When someone wins a lottery they usually dont immediately spend it all on more on a million more lottery tickets.

good point! When winnings are large enough to trigger the thresholds for in-house reporting and withholding, (different types of gambling have different thresholds) it can get way out of hand if the amount the winner gambles accelerates. Then if they give it back, they cannot offset.

It is astounding. They really don't give a flying rat's b what voters think.

Just six months ago, the Democrats were lost and finished. Now, they are energized and gaining support.

• Republican-leaning voters who don’t identify with the MAGA movement opposed the bill 66-33%, according to the KFF poll.
• Independents opposed the bill by around a 3-to-1 margin across all these polls. The KFF and Fox News polls – the ones with the fewest undecideds – showed 7 in 10 independents opposed it.
• Strong opponents of the legislation (30%) outnumbered strong supporters (9%) about 3-to-1 among registered voters, according to the Post/Ipsos poll.
• Americans clearly view the bill as being slanted toward the wealthy. They said 58-21% that it will hurt people with lower incomes rather than help them

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www.cnn.com

 

[oyarde]

Indeed.

And the funny thing about tyrants, is they rarely recognize themselves as such.

You should register on lincolndicksuckingforums.com and post there instead.

Unbelievable!

This horrible bill actually changes the law so that gamblers cannot deduct 100% of LOSSES.

It means if you win $1000 and lose $1000, you OWE tax on $100 you did not even win !!!!!!!!

Final big, beautiful bill includes ugly provision for gamblers

Professional gamblers may need to find a new profession.

www.yahoo.com

New Budget Bill Caps Gambling Loss Deductions at 90 Percent

Rep. Dina Titus vows to reverse a new tax rule in the just-passed Senate budget bill that limits gambling loss deductions and could impact the Las Vegas economy.

igaming.org

Sounds like a better deal tan current tax rates on a pack of cigarettes

 

[nikcers]

Sounds like a better deal tan current tax rates on a pack of cigarettes

Taxes on gambling is worse than that. People who live around cats are more likely to take risks because of a parasite they carry.

They are more likely to be leaders and be more successful but they are more likely to "gamble".

So basically a parasite you carry can make it more likely that the government can force you to pay years worth of your wages in taxes because you gambled and lost which is basically slavery.

 

[Occam's Banana]

"A united populace is the ultimate and explicit goal of every totalitarian state." -- Michael Malice

https://x.com/BarackObama/status/1941153006277271642
& https://x.com/TRHLofficial/status/1941194948826759273

 

[nikcers]

https://x.com/BarackObama/status/1941153006277271642
& https://x.com/TRHLofficial/status/1941194948826759273

We have a government that can be defined as a democracy in the way that the word democracy is defined.

Since democracy can be broadly defined as any country that doesnt have a king.

Our founders would say in our government the king is the law but they would also say you can never let our law rule you.

 

[Occam's Banana]

 

[nikcers]

Without the red and blue you couldn't keep any fruits of your labor because there would be a power vacuum and you would be at war with the "groups" with bigger resources than you wanting to take your fruits and no check against that power so they would take everything.

The power that the red has keeps the blue in check and the power that the blue has keeps the red in check.

 

[Snowball]

And that's all it is - Red Socialism. Turning babies into "investors" at the taxpayer's debt is disgusting.
They are doing it to propel and establish the permanent oligarchy. That's what it is... nevermind valuations.
More and more inflation, more kleptocracy, more mind rot and more dependency. Sickening.
The poor child is already a money slave. It will internalize its own chains. As most of us already do.
Nothing is free, it all comes with snares and traps. Being in the child's name and not the parents makes it even more insidious.

Trump called it the "miracle of compound growth" - you realize this is what the oligarchy depends upon.
Not labour, not work, but USURY. Rendering fecundity to the barren.

Trump Accounts Will Chart the Path to Prosperity for a Generation of American Kids

Today, President Donald J. Trump joined top business leaders and lawmakers to hail the creation of “Trump Accounts” — a provision in the One Big Beautiful

www.whitehouse.gov

A child born this year who has the initial $1,000, plus $5,000 invested annually, would — at a historical average growth rate of 7 percent — have about $170,000 invested by age 18.

ICYMI: Sen. Cruz in Washington Post: Tax Bill is Republicans’ Chance to Shape the Next Generation of Americans | U.S. Senator Ted Cruz of Texas

WASHINGTON, D.C. – Today, the Washington Post published an op-ed by U.S. Sen. Ted Cruz (R-Texas)...

www.cruz.senate.gov

What this does is guarantee that by the time the child reaches 18, $170,000 will be worth about $10,000 in today's money.
Inflation will explode. Dependency will explode. Nobody is getting ahead. Nobody except those who own 98% of the market - the slaveowners.

This is like telling every negro that their baby will get their own shack on the plantation - FOR FREE ! Wow!

 

[Voluntarist]

From best I can tell no differences except small temporary tax credit increase deduction for earners over 75k at retirement age drawing SS for yrs 2025 - 2028. I tink 4k deduction 65 and older and 6k if exceed 75K yr . Also extends trump 2017 tax credit ( standard deduction ) of 1k per person and 2k for married couples until 2028 , was to expire in 2025 I tink. Personally I cant say Im concerned about medicaid cuts because federal tax dollars are not enuff to go around for spending and states need to fund it if want it

Medicare Cuts Aren’t Just a Threat—They’re a Done Deal

In a striking turn of events, the Republican-led "One Big Beautiful Bill" (OBBB) is poised to enact significant cuts to Medicare, a program that serves as a lifeline for millions of seniors and individuals with disabilities. The Congressional Budget Office (CBO) projects that the bill could trigger automatic reductions totaling nearly $500 billion over the next decade, primarily due to the Statutory Pay-As-You-Go (PAYGO) Act, which mandates offsetting increases in the federal deficit .

Here’s what’s really going on with this bill and Medicare:

The BBB passed by the House and Senate includes a bunch of tax cuts and new spending that, according to the Congressional Budget Office (CBO), is going to add a lot to the federal deficit—in the range of $2.3 trillion. And under a law already on the books called PAYGO (Pay-As-You-Go), when Congress passes something that increases the deficit, they have to make up for it by automatically cutting spending somewhere else.

So while yes, some headlines say Medicare “could” be cut, what they really mean is: if Congress doesn’t step in and change the rules (which they haven’t yet), Medicare will be cut automatically—by law. It’s not speculation. It’s how the PAYGO rule works.

The CBO has crunched the numbers and said that unless Congress waives PAYGO, Medicare will get hit with a 4% cut every year starting in 2026, totaling about $500 billion over the next 10 years.

Those cuts won’t come from beneficiaries’ checks, but they’ll hit doctors, hospitals, Medicare Advantage plans, and drug coverage providers. And when providers get paid less, many will limit the number of Medicare patients they take, reduce services, or stop accepting Medicare altogether. So while the cuts aren’t coming directly out of people’s pockets, they will reduce access to care for seniors and people with disabilities.

 

[acptulsa]

It only affects losers. I like winners.

That's the difference between a democracy and a republic. That's why TPTB always talk about democracy, and never even mention the republic.

In a democracy the mob can be talked into exterminating people just because 52% of the population doesn't particularly like them. Or even if they can't fire up a lynch mob, they can cut people out of the division of labor system and starve them. People can be convinced to hate groups they never even met, like the residents of a far off state or territory in their own country, with untold nasty results.

A republic reminds people that minorities have rights too. That's why those who would divide us and conquer us hate it. It rewards tolerance by its very principles, and denies the legitimacy of arrogance and vindictiveness.

Why are Americans so quick to say, yes, government should micromismanage the snot out of the other guy's field, when they know how completely disastrous government involvement is in their own field? Propaganda, fearmongering and mob rule.

It's also the secret behind this phenomenon. Because the vast majority of modern Republicans are democrats too. They can't resist the excuse to be vindictive, and all the principles of a republic, along with the respect for minority opinion, goes right out the window.

 

[acptulsa]

 

[acptulsa]

Then RINOs come here and tell us, can't you see if we don't slither down to their level, they'll win? You're ineffective! And can't understand how they always fail to stop the real enemies to the people, like Soros, like Thiel and Karp.

 

[Brian4Liberty]

Spoke to several low (political) information people yesterday at a BBQ. The consensus among the masses is that the "Big Beautiful Bill" was primarily about taking away people's medical coverage and food stamps, and Trump is an evil bastard and is rubbing it in by calling it "Big and Beautiful".

These are the kind of people that get their information from daily Two Minutes Hate on local news.

 

[oyarde]

Spoke to several low (political) information people yesterday at a BBQ. The consensus among the masses is that the "Big Beautiful Bill" was primarily about taking away people's medical coverage and food stamps, and Trump is an evil bastard and is rubbing it in by calling it "Big and Beautiful".

These are the kind of people that get their information from daily Two Minutes Hate on local news.

You can tell em I said it didnt take nearly enuff . 4 1/2 trillion in tax cuts to people producing over 3 years and only 1.7 trillion in cuts over ten yrs to non productive food stamps , green energy dem graft and medicaid. Dems be back in power soon and cuts eliminated

 

[spudea]

Now the folks that complained about no cuts in the bill are posting Democrats complaining about the cuts in the bill and how they will win back congress due to the pain from the cuts.

 

[Snowball]

I'm not ok with 1 Trillion every year for military, nor am I ok with a $1000 deposit for stock market with $5000 added every year to age 18 for every child born in America. I'm not ok with his gross overspending on the so-called border when it's really about biometric surveillance, or the AI buildout, or much more I won't even ask you to read about.

It doesn't mean I approve of the Democrats when I say they will win. I just think they will win.
They don't need my vote and have never received it.

There is a difference between a political observation and an endorsement. They both suck in my estimation, and badly.

 

[nikcers]

I'm not ok with 1 Trillion every year for military, nor am I ok with a $1000 deposit for stock market with $5000 added every year to age 18 for every child born in America. I'm not ok with his gross overspending on the so-called border when it's really about biometric surveillance, or the AI buildout, or much more I won't even ask you to read about.

It doesn't mean I approve of the Democrats when I say they will win. I just think they will win.
They don't need my vote and have never received it.

There is a difference between a political observation and an endorsement. They both suck in my estimation, and badly.

How much spending on military are you ok with and how good are you at speaking Chinese?

China has been spending the equivalent of 700 billion on military and they have more people than us so their labor is cheaper.

We spend more to pay for our military maintenance and labor because we dont use slave labor and we sized our professional military so we never have to do a military draft because its so powerful it prevents war through deterrence.