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12-11-2017, 02:03 PM | #1 |
A Dude
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Re: Tax bill
And mooby, to address your other point re: the black market for the opioid drugs, yes that's a real problem. I don't view marijuana as a solution to that in any way, though. I view the solution to that being finding the doctors participating in that process, prosecute them, and strip them of their license.
If marijuana were as effective at relieving pain as opioids, it wouldn't even be a question. Doctors would prescribe it. And hell they'd probably grow it themselves. But it's not.
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12-11-2017, 08:30 PM | #2 |
Gamebreaker
Join Date: Apr 2006
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Re: Tax bill
Getting Back to the Tax Bill........................
https://www.yahoo.com/finance/news/4...205716261.html
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12-19-2017, 01:03 PM | #3 |
Living Legend
Join Date: Aug 2008
Age: 56
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Re: Tax bill
CNN link with a tax guessculator
Use this calculator to see how the tax bill affects your paycheck - CNNPolitics Seems like the lower brackets, including mine, do okay the first 5 to 6 years. I don't put much stock in the effects after 7 years, because the house will have gone through 3 iterations by then and the Senate 1. |
12-19-2017, 01:18 PM | #4 |
A Dude
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Re: Tax bill
About 3 out of 4 Americans will see their taxes go down.
I like it. Wish it helped the middle class more than it helps the wealthy, but help is help. I'd like it even more if they would now look at spending and cut that down so that our deficit doesn't get bigger.
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12-19-2017, 01:35 PM | #5 | |
Living Legend
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Re: Tax bill
Quote:
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12-20-2017, 01:20 PM | #6 | |
Gamebreaker
Join Date: Apr 2006
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Re: Tax bill
Quote:
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12-20-2017, 02:30 PM | #7 |
Living Legend
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Re: Tax bill
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12-20-2017, 03:37 PM | #8 | |
Gamebreaker
Join Date: Apr 2006
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Re: Tax bill
Quote:
All so remember Obama care didn't self destruct trump and the GOP just fucked over the American people on health care by dumping the mandate.
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12-20-2017, 04:11 PM | #9 | |
A Dude
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Re: Tax bill
Quote:
The tax changes in this bill will remain in effect until 2026, at which time the tax rates will revert to 2017 levels. There may be certain deductions phasing in and out, but the pieces that affect the majority of the population will remain in effect from 2018 - 2025, changing back to the way we have them now in 2026.
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12-19-2017, 02:48 PM | #10 |
A Dude
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Re: Tax bill
Important to note though that the calculator is intentionally simplifying things to make it digestible. Here's where there's some nuance:
- if you live in a state where there are high local taxes (at the state or local level), you're going to get hurt because it caps the deductions you can take for these if you're itemizing. Strategically smart for the GOP to hit these people because they weren't likely to vote GOP anyway. - If you are single with no kids, you're much more likely to get hurt than you are if you're married with kids. The family and child tax credits are what causes most in the lower to middle income brackets to get any benefit. If you don't have walking tax deductions then you are more likely to get stung. - If you own stock, have parents that may soon pass an inheritance down to you, or have real estate investments you stand to benefit significantly. Lower corporate taxes, lower estate taxes, and the elimination on certain real estate taxes. - If you're in the 95th - 99th percentile in terms of household income, you make out better on a % basis than any other income group.
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12-19-2017, 03:18 PM | #11 | |
Living Legend
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Re: Tax bill
Quote:
Likewise it takes into account status and kids. I'm actually not sure right now where my kids fall due to ages and divorce stuff, so I looked at both, and by the calculator as a single middle income guy with no kids in MD, I should still see some benefit, granted not as much as if I claim Head of Household with kids. But that's always been the case... I will say this, I know that where I fall, I am the least likely to see a positive note from this tax bill, I'm neither rich nor poor, nor overly invested, or needing/qualifying for government help. Yet I am still for any reduction overall in taxes, and I would like to see a similar reduction in overall spending. Unfortunately, while I would love to see the sequestration continued, and other programs take similar cuts, Trump is not going to cut military spending, and the democrats are not going to cut social spending so up goes the debt |
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12-19-2017, 03:39 PM | #12 | |
A Dude
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Re: Tax bill
Quote:
I'd rather them cut the spending and run a surplus for a while. Then bring the spending back up later if the economy affords it (doubt it).
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12-19-2017, 05:26 PM | #13 |
Living Legend
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Re: Tax bill
Obviously it's going to be a partisan bill and political hacks are going to make the most of whichever provision they can gloat or cry over. My question/lament is this:
What would it take to get a bipartisan majority to find a way to get past senate/house/party leadership and build a coalition of the middle? It's like the one Libertarian commercial that I thought was pretty good, if you are a republican theyll find a democrat to match the vote and vice versa. Good in principle at least. I really believe most citizens don't want the partisanship, but like me, and several of you on here from the other side, I'm not willing to give up some without getting some. I go back to the wall/daca, military reductions/raised ss age (grandfathered), educational reform and charter schools/added protections for low income schooling/support programs. Both sides seem to have my way or the highway mentalities while demonizing the other sides opinions. If we can't negotiate and find the common center, then we as a country are going to hit a real rough patch sooner rather than later. |
12-20-2017, 12:12 PM | #14 |
Warpath Hall of Fame
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Re: Tax bill
Tax bill makes nonprofits pay up for employing millionaire execs - Dec. 20, 2017
Really glad this is happening.
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12-20-2017, 12:36 PM | #15 |
I like big (_|_)s.
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Re: Tax bill
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.
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