Tax bill

[CRedskinsRule]

Originally Posted by TheMalcolmConnection

Admittedly, I don't really understand this bill and how it is officially going to effect me.

Just throwing it out there, we're a two person home and take zero deductions. Are we going to lose out in this whole thing? Wife and I are both pretty nervous about it.

I think the cnn calculator I linked to early would give you a decent idea. From what I could tell, nearly everyone will see a bump in take home pay first few years, but if you are in the 75K-225K area, you likely will see the least positive effect. (I don't know that, just the way the calculators look like)

[Schneed10]

Originally Posted by TheMalcolmConnection

Admittedly, I don't really understand this bill and how it is officially going to effect me.

Just throwing it out there, we're a two person home and take zero deductions. Are we going to lose out in this whole thing? Wife and I are both pretty nervous about it.

Chances are your taxes will go down.

PM me your combined salary and I can tell you roughly.

[MTK]

Originally Posted by TheMalcolmConnection

Admittedly, I don't really understand this bill and how it is officially going to effect me.



Just throwing it out there, we're a two person home and take zero deductions. Are we going to lose out in this whole thing? Wife and I are both pretty nervous about it.

All you need to know it’s it’s going to be tremendous, fantastic, the best ever

[TheMalcolmConnection]

The best, believe me *while making the OK sign non-stop*.

[Schneed10]

When most people see their first paycheck under the new plan, their opinion of this bill is going to change.

[CRedskinsRule]

What 2500 group. If you are talking about the 250K I wouldn't call them middle clasd.

[Chico23231]

"It's always a lot of fun when you win" - G1 fav President

Whew...I tell ya, Pocahontas did not look too happy today. Out their beating her little drum...

[Schneed10]

Seriously guys, I am not pushing an agenda here, but you all really need to take a hard look at your news sources. CNBC's headline says losing this personal exemption is going to hurt, and then in the article they turn around and give an example of a family of 4 making $75K will see taxes going down by $2100.

They fail to explain that the loss of the personal exemption is more than offset by the reduction in the tax brackets and the pickup of the family tax credit.

75-80% of Americans will pay LESS taxes under this bill. You can argue with the merits of giving bigger breaks to corporations, or bigger breaks to the wealthy, and that's all fine. But when the news sources you're using don't even deal in even-handed facts, your opinions are colored.

That's why both I, and Paul Ryan, are extremely confident that American approval of this bill is going to go up the second your first paycheck comes through.

"Oh, you mean I got a raise? Why did CNBC say I would feel the loss of the personal exemption?"

Because they're full of shit. Don't read them.

[Giantone]

No , you the one drinking the kool /aid the Paul Ryan kool /aid. People will get a tax cut first year, a couple of hundred the second and owe on the third.


Guthrie made him look like a bitch!


https://www.youtube.com/watch?v=Qif7FfVGIWA

[Schneed10]

Originally Posted by Giantone

No , you the one drinking the kool /aid the Paul Ryan kool /aid. People will get a tax cut first year, a couple of hundred the second and owe on the third.


Guthrie made him look like a bitch!


https://www.youtube.com/watch?v=Qif7FfVGIWA

I watched the Guthrie interview. He actually destroyed her. She doesn’t understand why bringing money home from overseas is a boon to our economy. She thinks it means more spending on jobs and wages. It doesn’t, it means more dollars creating investment earnings that are actually subject to US tax rates. Her understanding of the economy is superficial at best.

I’ll warn you too, same goes for you in this situation. You’re talking to an MBA Mensa member with a vast understanding of economic policy, well-read on the tax bill, and with a big dick.

The information you have, if you can even produce it and I doubt you can, is flat wrong. The tax rates will remain in place to 2026.

[Giantone]

Originally Posted by Schneed10

I watched the Guthrie interview. He actually destroyed her. She doesn’t understand why bringing money home from overseas is a boon to our economy. She thinks it means more spending on jobs and wages. It doesn’t, it means more dollars creating investment earnings that are actually subject to US tax rates. Her understanding of the economy is superficial at best..

Wrong. Yes she slammed him ,it's not what she thinks it's what the GOP said to sell the tax bill and she called him on it.US CEO's all said they will not use the monies saved to create "investment earnings"..I applaud you being an MBA MENSA member and I sincerely don't give to shits about your dick but your wrong.


So you're saying all the links I put up are wrong,all of them.


https://www.nytimes.com/2017/11/29/b...6CF063&gwt=pay


A tax policy that really will create jobs and raise wages | TheHill

[Chico23231]

Originally Posted by Giantone

No , you the one drinking the kool /aid the Paul Ryan kool /aid. People will get a tax cut first year, a couple of hundred the second and owe on the third.


Guthrie made him look like a bitch!


https://www.youtube.com/watch?v=Qif7FfVGIWA

Poor savannah...as someone who watches articles of incorporations such as safe havens as Cayman Islands, guersey and Isle of Man...she really has no inkling of what’s she talking about. It’s rather sad...”pass through” entities....these have been smart strategic structures to avoid a taxes of the us at an uncompetitive rate. This is what we are trying to avoid

[CRedskinsRule]

Originally Posted by Giantone

No , you the one drinking the kool /aid the Paul Ryan kool /aid. People will get a tax cut first year, a couple of hundred the second and owe on the third.


Guthrie made him look like a bitch!


https://www.youtube.com/watch?v=Qif7FfVGIWA

Guthrie looked like a partisan hack. She had a clear agenda and wanted to get her shots in. At no point did she seriously reflect his points in an interview or discussion style, in fact she used passive aggressive and actively aggressive terms to dismiss and minimize his articulated responses.

[Giantone]

Originally Posted by CRedskinsRule

Guthrie looked like a partisan hack. She had a clear agenda and wanted to get her shots in. At no point did she seriously reflect his points in an interview or discussion style, in fact she used passive aggressive and actively aggressive terms to dismiss and minimize his articulated responses.

LOL, wrong. She showed Ryan a video of CEO's admitting they will not use the tax break to bring back jobs or job creation,Ryan lies as does the GOP who went against their own voters on this one..The new bill doesn't bring money or jobs back ,companies will only pay tax on monies made in the US,anything made outside will be un taxed,you figure it out.

[Chico23231]

Originally Posted by Giantone

LOL, wrong. She showed Ryan a video of CEO's admitting they will not use the tax break to bring back jobs or job creation,Ryan lies as does the GOP who went against their own voters on this one..The new bill doesn't bring money or jobs back ,companies will only pay tax on monies made in the US,anything made outside will be un taxed,you figure it out.

G1, do you think the sole intention of the Corporate tax rate cut is just to make these entities wealthier? Is that your logic and understanding?