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"3 big changes coming from the Trump tax cuts"

By HEYYOU following x   2018 Apr 25, 4:01pm 599 views   7 comments   watch   sfw   quote     share    


More taxes.
"Congress’s Joint Committee on Taxation"
Go ahead dumb asses ,try to blame this on Obama & Clinton.
" About 7% of filers will end up with a higher tax bill under the new law, in large part because they have a large state and local tax bill and will lose more through the new SALT limit than other provisions of the bill will make up for."


https://www.yahoo.com/finance/news/3-big-changes-coming-trump-tax-cuts-201857455.html
1   TrumpingTits   ignore (0)   2018 Apr 25, 8:52pm   ↑ like (1)   ↓ dislike (0)   quote        

HEYYOU says
More taxes.
"Congress’s Joint Committee on Taxation"
Go ahead dumb asses ,try to blame this on Obama & Clinton.
" About 7% of filers will end up with a higher tax bill under the new law, in large part because they have a large state and local tax bill and will lose more through the new SALT limit than other provisions of the bill will make up for."


https://www.yahoo.com/finance/news/3-big-changes-coming-trump-tax-cuts-201857455.html


Yes. A whole WHOPPING 7%. And why are you having a fit? Don't you 'progressives' believe in progressive taxation? Well, Coastal Elites qualify as being 'rich' compared to folks living in Chattanooga or even Bakersfield. So they shouldn't they pay more of their 'fair share', eh? Anything else is sheer Hypocrisy of The Left.

Trump voters don't care because the folks getting hit are not Trump voters, for the most part.
2   monkframe   ignore (0)   2018 Apr 27, 7:46am   ↑ like (0)   ↓ dislike (0)   quote        

Real estate moguls, such as the creature-in-chief, are going to laugh all the way to the bank. Really rich people of other persuasions will as well. That's what the law is about, as well as throwing carrots and crumbs to the voters who can't figure things out or don't even care to.
3   dr6B   ignore (1)   2018 Apr 27, 9:20am   ↑ like (0)   ↓ dislike (0)   quote        

WarrenTheApe says
Yes. A whole WHOPPING 7%.

Private tax rates go back up in a few years or I am wrong about it? If I am not, will be more than 7%.
4   FortWayne   ignore (2)   2018 Apr 27, 9:26am   ↑ like (0)   ↓ dislike (0)   quote        

I got a tax cut. I’m in the 93% of people who has a tax cut.
5   SunnyvaleCA   ignore (0)   2018 Apr 27, 11:00am   ↑ like (0)   ↓ dislike (0)   quote        

Typical hit piece. Some people are angry because some high-earners ARE getting tax cuts; other people (and this article) are angry because some high-earners are NOT getting tax cuts. The thing I love about the tax change is there's something for everyone to complain about!

The article mentioned that some high income earners in high-tax states will be paying more. Funny thing, though, that the article didn't mention AMT even once. How can you go through all that "careful" evaluation of high income earners and not consider the most important tax for high earners in high-tax states?

Another miss... the article mentions $12k deduction for singles but skips over the MAJORITY of filers: people with the option of filing jointly. The news here is great: $24k standard deduction. There are many millions of people who previously worked out the complexities of itemizing who are now able to skip all that AND pay less tax.
6   SunnyvaleCA   ignore (0)   2018 Apr 27, 11:07am   ↑ like (1)   ↓ dislike (0)   quote        

drB6 says
Private tax rates go back up in a few years or I am wrong about it?


The reduced rates sunset after a few years. That seems to be a clever trick: Technically, the rate cuts don't blow up the (already blown) federal budget as badly on the 10-year timeframe because the rates go back up shortly.

The likely outcome, however, is that congress will vote to "make the tax cut permanent" before the rates jump. For Democrats it's a lot easier to vote to continue the existing so-called "low taxes" than it is to vote for low taxes in the first place. Since Democrats can point to those high earners in high-tax states theoretically paying more, then can probably even still justify voting to make the new rates permanent. I predict that voting to make the tax cut permanent will have somewhat bipartisan support.

I'm thinking that Republicans and Trump, shortly before midterm elections, will propose making the lower rates permanent. Then Democrats either immediately cave in and go along with it (not likely — they will need to complain first for a while) or they look like they are trying to raise people's taxes just before the election. Right now, people are seeing less deducted from paychecks — that's strong persuasion to vote for the party that made it happen.
7   monkframe   ignore (0)   2018 Apr 27, 9:10pm   ↑ like (0)   ↓ dislike (0)   quote        

The suckers are the only ones among the working class who go for this crappy legislation.

Here's an example of how fucked up the tax laws were ALREADY before this gift to the rich was passed:
Amazon earned "... Bezos’ company, the internet retail giant Amazon, reportedly took in $5.6 billion in U.S. profits. So, how much did Amazon pay in income tax on that bounty? Amazon effectively paid zero dollars in federal income taxes in 2017(.)

This is the link to the article: https://splinternews.com/amazon-made-5-6-billion-in-profits-last-year-and-repor-1823329221

But what it fails to mention is that Amazon was able to game the tax system to the point that they received a multi-million dollar REFUND from the government after paying NOTHING.
8   Call It Crazy   ignore (3)   2018 Apr 28, 12:28pm   ↑ like (0)   ↓ dislike (0)   quote        

FortWayne says
93% of people who has a tax cut.

Is it enough to buy a luxurious dinner?

If so it will vanish in a few years anyways so so what.

Did you see Trump on hidden camera behind closed doors saying to rich donors that their cuts are permanent and they just got a lot richer?




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