Posted on 12/02/2017 1:37:52 AM PST by Kaslin
A brilliant summation.
Ok, question to any FReeper out there. I remember reading in the House version that there was a provision that would prevent illegals from filing their fraudulent tax returns for the EITC. Was this true, and did this pass in the Senate version? Thank you.
“keep moreof your own money” is a better way of saying what is happening. Some low income/welfare people think that with income tax refunds, the government sends more money to rich people than to poor people. Their Dem masters are happy for them to stay uninformed.
This is the biggest tax INCREASE in California state history. This is not a tax cut bill, it’s a TAX REDISTRIBUTION BILL.
And for the LIBERALS here cheering tax redistribution, just wait 4-8 years when the Dems are back in power, they will raise YOUR TAXES to match.
I stayed up and watched the votes on the amendments and the final vote. Pretty late for Atlanta time.
I don’t like the idea of the Federal Govt interfering in the home purchasing system, but they have been for many years. That is how we all have the idea that interest paid should be deductible. Can you remember when we used to be able to deduct all interest paid? This was to encourage going into debt. But the government finally stopped doing this. I believe student debt is deductible but under the new tax system it will not be.
All I can say about home mortgage deduction is that maybe the government should find another way to encourage home purchases — if that it the idea. As to purchasing an expensive home so that one has as large a mortgage as one can handle, I do not think that is a good idea. (I got burned by this once when my home price fell and I had to sell into a down market.) So you see the actions of the government to mess with a market cause lots of problems.
Now, one other thing, the places where this deduction loss hit the hardest are the high tax mostly blue states — and guess what? these are voters who say they want us all to pay more taxes. Is this political payback or karma?
Could you be more specific? I could not find it with a search or looking at the site. Thanks!
You are in the central time zone, as I am. I watched FNC and kept checking C-Span2, but I went to sleep around 10, because I couldn’t keep my eyes open anymore
Freee-dame, I Agree totally. That is certainly by design.
I blame it on INTENTIONAL public & university Non-education of the population. Not to mention making the tax system so convoluted a lot don’t even try to understand what is going on with it.
It absolutely amazes me people getting upset because they feel they are owed the money someone else worked for.
Did McCain sign the tax bill or has that happened yet?
Is the elimination of the medical expense deduction still in the Senate bill? It is still in the house version I think:
https://khn.org/news/house-tax-bill-would-scrap-deduction-for-medical-expenses/
Going to be bad for my middle class parents with Dad in skilled nursing at $8K+ /mo.. Why all the playing with deductions? Either eliminate all deductions (including “standard & “personal”) and adjust the tax rate to compensate and result in a tax cut, or leave them “as-is” and adjust the tax rate for a middle-class tax cut. This “picking & choosing middle class winners & losers” is bogus.
Which in the end, probably means my tax debt drops by $2.36 cents. The stinking congress scum gives theirselves thousands of our tax dollars in salary and benefits, retirement, medical, while giving us something like $1.50 last year in a Medicare raise and $2.50 in military retirement pay. Really nice of those scum, who sit on their worthless @$$e$ and live the good life, while those who serve and worked their collective butts off building this Republic, get screwed year after year after year after year after, you get the drift. I can remember the story that my Mom told me many years ago. There was a group of Seniors who were born from like 1918 thru 1925 or something like that, that actually got LESS in Social Security payments than those born before and after those dates. She never got a clear reason they were screwed like that, but her check was actually less than my grandmother’s, my Mom’s Mom got. Go figure how these punks figured this crap out.
I dont like the idea of the Federal Govt interfering...but they have been for many years... ...the actions of the government to mess with a market cause lots of problems.
So, rather than actually reducing Federal market manipulation, youre content with moving the levers in your teams direction for now. Got it.
... the places where this deduction loss hit the hardest are the high tax mostly blue states...
This is patently not trueTX and FL being two glaring examples. Even if it were, this is the same BS that allows Washington to pit red vs blue so the leviathan can continue its growth unimpeded.
Well if they’re angry, then it’s a fantastic sign!
Democratic candidates will also offer voters a restoration of the deductions that this tax redistribution package ends or reduces, which amounts to an offer of cash, and cash is the biggest motivation for most voters.
“The two biggest things that need to be changed are the tax deductibility of corporate interest payments (companies use debt to fund expansion, rendering themselves vulnerable to corporate raiders or recession; if companies were forced to issue stock for expansion, we’d see executives planning for the long term rather than stuffing their own pockets).”
Both the versions lower companies ability to deduct interest on debt.
I want to say I have followed this thread and
dialog and you have been respectable and very
fair in stating your side. I don’t see you as
a anti-Trump person but one that is just thinking
and exercising your opinion.
I have not even formed a opinion either way on
the tax reform bill.
I did learn during the Presidential election
last year that there are those on FR that crucify
their own if anyone mentions a different opinion than
their own,name calling etc.
Sad but true. Stand tall. You have done nothing
wrong.
“You bitch about subsidies for the rich - but you want me to subsidize those who live in high-income-tax states.”
Being a liberal, she doesn’t see it that way. She sees herself as a “victim” of us, even though she and her ilk screwed the low SALT States for decades.
Thank you very much.
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