patrick.net

I think the biggest loser is the itemized deduction folks.
But honestly though, for every honest itemized deduction filler that did it by the book and still came out with a limited tax liability.
There are 50 people padding their tax return by claiming every meal they bought or tank of gas they put in any car.

I'm coming out 5k ahead. Not saying this is the greatest tax plan but it's simply not true to say no middle class people benefit.

Itemized deductions = crony capitalism.

mell says

I'm coming out 5k ahead. Not saying this is the greatest tax plan but it's simply not true to say no middle class people benefit.

But how much new debt per household is being added?

HEYYOU says

Fucking White Male says

Until then, it’s just a propaganda piece, albeit a sarcastic one.

Fucking White Male says

it’s just a propaganda piece,

How many Americans will die because from this "propanganda" thread?
Republicans are masters of LIES- "IRAQ HAS WMD."
The funny part is that their voters believe the LIES.
Stupid is a problem that has only one solution,death?
Dying Dumb,what a sad way to go.

Your lesson for today:
Any tax increase,with no change in taxable income,brought about by the tax bill,if ever finished,is a REPUBLICAN TAX INCREASE. Example:Kans-ass.
......
I'm still waiting Mueller.

Stay on topic.

Focus brah, focus.

HappyGilmore says

mell says

I'm coming out 5k ahead. Not saying this is the greatest tax plan but it's simply not true to say no middle class people benefit.

But how much new debt per household is being added?

TBD. I'm not happy with the spending, it should be reigned in more everywhere, from welfare to military. But the tax code changes are mostly positive to me.

HappyGilmore says

mell says

I'm coming out 5k ahead. Not saying this is the greatest tax plan but it's simply not true to say no middle class people benefit.

But how much new debt per household is being added?

You can link to the post where you also made that argument between 2008 and 2016 can’t you?

https://www.thebalance.com/us-debt-by-president-by-dollar-and-percent-3306296

Fucking White Male says

You can link to the post where you also made that argument between 2008 and 2016 can’t you?

The Dems didn't pass a tax plan that added to the debt so there is nothing to link to.

Dems are the fiscally responsible party--it's always the Reps that pass ridiculous tax plans that add enormously to the debt.

HappyGilmore says

Fucking White Male says

You can link to the post where you also made that argument between 2008 and 2016 can’t you?

The Dems didn't pass a tax plan that added to the debt so there is nothing to link to.

Dems are the fiscally responsible party--it's always the Reps that pass ridiculous tax plans that add enormously to the debt.

Nice ignorance of the increase in debt under obama.

Fucking White Male says

Nice ignorance of the increase in debt under obama.

Debt definitely increased, but deficit decreased. Which is a better indication of what Obama actually did.

Sniper says

HappyGilmore says

You've obviously never run a business...

Actually I have. If a company has more free cash available, because they didn't have to spend it on taxes, where does that money get spent?

Asked and answered, hookers and blow. Everyone knows that.

mell says

I'm coming out 5k ahead.

How do you know that when the bill is still in committee?

Fucking White Male says

Worthless without a stated income, # of family members, what the author of the article itemizes and why, what he would pay in taxes without the new tax bill, and then projection of what a lower corporate tax rate will do to federal income tax as well as the overall economy.

Until then, it’s just a propaganda piece, albeit a sarcastic one.

Do you hear yourself? Why all the need for all these tax rules and regulations? I'll tell you why. Confusion, elimination, social engineering, cronyism, favoritism etc etc.

anon_ab61f says

mell says

I'm coming out 5k ahead.

How do you know that when the bill is still in committee?

Put it into a calculator provided on the web. Of course preliminary.

mell says

anon_ab61f says

mell says

I'm coming out 5k ahead.

How do you know that when the bill is still in committee?

Put it into a calculator provided on the web. Of course preliminary.

Perfect. It's on the web it must be true.

WineHorror says

Fucking White Male says

Worthless without a stated income, # of family members, what the author of the article itemizes and why, what he would pay in taxes without the new tax bill, and then projection of what a lower corporate tax rate will do to federal income tax as well as the overall economy.

Until then, it’s just a propaganda piece, albeit a sarcastic one.

Do you hear yourself? Why all the need for all these tax rules and regulations? I'll tell you why. Confusion, elimination, social engineering, cronyism, favoritism etc etc.

Rand Paul and Ted Cruz were my one and two choices for the Repub nominee. I voted for Cruz.

Yes as it stands now the tax code is too complex and unfair. Trumps plan makes it less complex and more fair.

Sniper says

Actually I have. If a company has more free cash available, because they didn't have to spend it on taxes, where does that money get spent?

I seriously doubt that you've ever run a company.

Executive compensation, shareholder dividends, and stock buybacks is where most if not all will be spent. Corporations have record amounts of cash reserves, record profits, and record stock valuations before the bill was passed.

Sniper says

The deficit decreased?? Really??

Yep.


Sniper says

Now I know you've never run a business. Did you take math class from Marcus?

Hint: when the chart goes further into the negatives, it means the deficit was rising.

So, can we agree, BOTH the debt AND the deficit INCREASED under Obama?

Nope--I don't think you know how to read a chart. Deficit in 2009 = $1,413B. Deficit in 2016 = $585B. Down by $828 Billion.

Not bad.

Sniper says

bob2356 says

I seriously doubt that you've ever run a company.

Executive compensation, shareholder dividends, and stock buybacks is where most if not all will be spent.

Oh Bobby, not again.

Can you tell us how many companies are public and offer stock and dividends in the country. Let's see how well you do.

Not again what? Calling you out on posting nonsense?

Not sure why this matters to you but there are 1.7 million C corps with 5734 public as of the end of 2017. You do know the new 20% corporate tax rate only applies to C corps don't you? S corps and LLC's are pass through. You do know private C corps pay their executives, pay dividends to the shareholders, and can even buy back stock don't you? Which is exactly what both private and public C corps will be doing with their tax savings.

So do you have any kind of point here whatsoever?

HappyGilmore says

Nope--I don't think you know how to read a chart. Deficit in 2009 = $1,413B. Deficit in 2016 = $585B. Down by $828 Billion.

CIC/ironman/ovation/sniper has some very serious deficits in his math eduction.

Fucking White Male says

Yes as it stands now the tax code is too complex and unfair. Trumps plan makes it less complex and more fair.

I can only hope you are correct.

bob2356 says

mell says

anon_ab61f says

mell says

I'm coming out 5k ahead.

How do you know that when the bill is still in committee?

Put it into a calculator provided on the web. Of course preliminary.

Perfect. It's on the web it must be true.

Dude it was some major newspaper or news agency. I thought you like those and their news. I do not itemize and earn an upper middle class salary. So makes sense.

Good find BAO! :) Funny.

Trump's companies will save tens of millions a year but as long as I get my $2K it's all good.

MAGA!!!!!

BorderPatrol says

Trump's companies will save tens of millions a year but as long as I get my $2K it's all good.

Won't be 2K for forever. They expire. Looks like an additional $83+ a month for health care, so effectively slashes 1K from that, as well.

But those sweet sweet pass throughs are a tax gamers delight. This bill was made to game.

Not even if you are Chicago school econ trained, can you look at this bill and say, "Oh yes, that's how a good trickle down bill would be constructed."

Rotten top to bottom. House might make it worse too. Let's see!

Rew says

"Oh yes, that's how a good trickle down bill would be constructed."

cult followers like sniper are opening their mouth waiting for the feces to drop down from above.

Sniper says

You're seeing true Dementia on display by this washed up hag. Apparently she doesn't remember the disaster called Obamacare.

You shouldn't talk about yourself like that. It's true your dementia is getting much worse but you really shouldn't demean yourself.

Let's refresh your memory, which will last at least 5 minutes, a bit.

The ACA had 3 months of public debate, 13 days of markup (the longest markup period in history), 7 CBO assessments, and 25 days senate debate.

Want to tell us how much public debate, markup time, cbo assessments, days of senate debate the tax bill had? Hint, it's a number between 1 and -1.

At the very least the ACA got typed, not voted on with hand written notes stuck in by lobbyists as part of the bill. What a fucking embarrassment.