I was wrong: I underestimated the effects of the Trump Tax Cut

[pchang]

It turns out that my initial estimate of the Trump Tax Cuts on stock buybacks was low. In fact, instead of bumping up my income by 1% for the year, it has already bumped up my income by 1.3% for the year to date. I will be conservative and estimate that my full year increase due to the tax cut will be 2%.

In other news, the average hourly raise increased by 0.1% last month. The full year projection of 2.6% (of course 0.1% * 12 is only 1.2%) should be just enough to keep up with inflation. Woo Hoo!

[BeBMan]

Many ppl also underestimated the effects of the Trump hair cut

(sry for the spam, let's just see it as a friendly "bump")

[rah]

While I'm still not a supporter, I have made out like a bandit so far from Trump. Too bad my grand-kids will pay for it. (if my daughter ever gets working on that part)

[SlowwHand]

Your observation is an excellent illustration of the problem with liberals. Not a supporter, even though you're benefiting.

[Lorizael]

Not a supporter, even though you're benefiting.

Err, looks like growth to me. I remember criticizing rah back in the day when he said he only supported the Bush tax cuts because they benefited him personally. If his perspective is wider now, that's good.

[rah]

I don't consider myself a liberal. (just on some social issues)
Just because I benefit doesn't mean I should be supporting them.
And finally, in all fairness back then I had a daughter in college and money was tight. Now, I really don't need the extra money.

[Lorizael]

Oh well in that case I was right to be a raging dickhole to you about your political opinions.

[rah]

Probably, but I have moved a little left over the years, when people traditional move a tad right as they get older.

And you're not really the raging dickhole type.

[Lorizael]

And you're not really the raging dickhole type.

I'll refrain from quoting the relevant posts so as not to dissuade you of this opinion. But a decade ago I was a much angrier poster.

...

I still don't have a strong opinion on the tax cut. I follow Jaguar on Twitter and try to follow his arguments but all that does is reinforce how little I know about economics.

[pchang]

For most people, it would appear that the Trump tax cut did very little for them: http://money.cnn.com/2018/05/04/pf/t...cks/index.html

[Lorizael]

My paycheck has been slightly, but not significantly, larger.

[pchang]

Which allowed you to afford more therapy (or some other noticeable difference)?

[Lorizael]

No change in my lifestyle.

[Aeson]

Gaining 2% income and only adding 50% to gov debt seems like a really good deal that can't possibly go wrong! BUY THE DIPS!

[Dinner]

All they have done is buy back stock. Even Marco Rubio had to admit that ****.