New Senate Tax Plan

[Adam]

and we're going to be able to invest in new technology, which should be huge for us. We'll be able to....wait for it...eliminate a couple positions. 

[Blarg]

2 hours ago, Geoff said:

Has anybody figured out how much they're going to be saving/getting back with this new plan?
 

 

Nothing changes for the 2017 tax year so if you have a good CPA you ask them to stear a course for your 2018 year.

[Adam]

6 hours ago, Glen said:

Anyone here fit this very specific profile, or know anybody who does?

 

Those lulu rou broads are gonna crush

[Adam]

9 minutes ago, red321 said:

for how long? 

2025 according to cnn

[nate]

6 minutes ago, Adam said:

Those lulu rou broads are gonna crush

haha, that shit annoys the fuck outta me.  Buy some cheap ass wacky pants for 3x what they are worth!

One calculator says I will get $5.5k back and another says 6.1%, not sure why they are so far off but 6.1% sounds a lot nicer.

[Spirit]

1 hour ago, Adam said:

2025 according to cnn

That's $24k.  Good for you!

 

 

[Tank]

3 hours ago, Geoff said:

Has anybody figured out how much they're going to be saving/getting back with this new plan?

no, but i'll talk to my brother about as he's an accountant and does my taxes every year.

i've heard several conflicting statements so i'm not really sure what to expect for me and my wife. i'm certainly hoping for a tax cut but have no idea if it will actually happen.

[Tank]

1 hour ago, Adam said:

...assuming my boss doesn't self-destruct before then

just tell him to avoid the bathroom after you've been in there. you and your company should be golden.

[Tank]

3 hours ago, nate said:

9% after tax income.

Edit: according to this it is more like 6%.  http://www.cnn.com/2017/12/13/politics/calculate-americans-taxes-senate-reform-bill/index.html

these are my results:

In 2018, your taxes will go down and your after-tax income will go up 3.6%.
Looking to 2027, your taxes will go up, pushing your after-tax income down 0.2%.

[Jason]

https://www.cnbc.com/2017/12/20/house-has-enough-votes-to-send-tax-bill-to-trumps-desk.html

Watch Trump veto it.

[gotbeer]

1 hour ago, Adam said:

2025 according to cnn

Isn't it convenient, that you will get lower taxes under Trump.  But when a possible Dem gets in office, your taxes will go up.  Then the outrage will continue.  

 

[nate]

I don't think they can use whatever loophole they are using to get the bill passed if they made the cuts permanent.

That said, the corporate cuts are permanent.  The real estate holdings cut is BS though, takes money out of the market.  The top 1% already hold 40% of the wealth in the country, that number is certain to increase with this bill.

[AngelsLongBall]

8 hours ago, Glen said:

Anyone here fit this very specific profile, or know anybody who does?

 

Is it just me, or does Cornyn's twitter profile pic look like he's getting a handie?

[AngelsLongBall]

And my taxes will actually go up because I don't itemize

[Spirit]

Maybe think about itemizing?

 

 

[AngelsLongBall]

I don't have enough deductions

[mtangelsfan]

This is what gets me:  Ryan gets on the news and says "this tax bill is going to do.......
Pelosi gets on the news and says it is going to do the exact opposite.

I don't believe either one of them.

[mtangelsfan]

https://www.msn.com/en-us/news/politics/a-look-at-some-winners-and-losers-under-the-gop-tax-plan/ar-BBH3HCZ?li=BBnb7Kz

Here is a great example of media bias.  This is an AP article, the essence of what is supposed to be fact base.

Do you see the bias in this?

[nate]

 

[nate]

6 minutes ago, mtangelsfan said:

https://www.msn.com/en-us/news/politics/a-look-at-some-winners-and-losers-under-the-gop-tax-plan/ar-BBH3HCZ?li=BBnb7Kz

Here is a great example of media bias.  This is an AP article, the essence of what is supposed to be fact base.

Do you see the bias in this?

What bias?

[mtangelsfan]

So you aren't a winner in this?  I know I am.   

[nate]

1 minute ago, mtangelsfan said:

So you aren't a winner in this?  I know I am.   

I see, you are talking about omitting everyone until 2025, I can see that.

I definitely win until 2025

[nate]

Although anyone under 50 really suffers just because it will be when we retire that the impact of adding so much more to the deficit instead of decreasing it will really hurt.

[red321]

12 minutes ago, mtangelsfan said:

https://www.msn.com/en-us/news/politics/a-look-at-some-winners-and-losers-under-the-gop-tax-plan/ar-BBH3HCZ?li=BBnb7Kz

Here is a great example of media bias.  This is an AP article, the essence of what is supposed to be fact base.

Do you see the bias in this?

Why is it bias if it is reality? This tax bill/heist is a huge boon to the rich. Documenting that is not bias.

A number of folks in the middle get some advantages for a few years...but guess whose tax cuts expire and whose don't?

And things like cutting the individual mandate will have a huge impact on the insurance market and are projected to result in significant cost increases. At this point FS should change the title of his thread to Trumpcare Horror thread...because his insurance is going to skyrocket next year.

[Adam]

The individual mandate is immoral. I don't really care what consequences it has