"If you think this is going to end well with the lying GOP,
you have not been paying attention."
Posted on 11/15/2017 6:19:07 AM PST by nikos1121
Please weigh in with your opinion.
"If you think this is going to end well with the lying GOP,
you have not been paying attention."
But if it's effective 1/1/2018 I understand that the withholding from paychecks will reflect the tax cut so that income earners will be bringing home more in their paychecks right off the bat.
If you are getting tax cut you can adjust your withholding right away.
Yes. This ought to be part of the tax reform legislation. Taxpayers need their money more than the profligate government does.
Just why would I want my tax increase to be retroactive? As if I am not getting raped enough by the federal government. I hope these bills die.
YES!!!!
How about this:
Definitely make the new rates retroactive as of Jan. 1, 2017,
BUT:
Also give us taxpayers the option of choosing to file under the old law. That way, nobody’s tax for 2017 would necessarily increase. If you were happy with the old rates, you could keep paying them for 2017.
(I would also recommend retaining the same option for 2018. But getting it only for 2017 would be good enough!)
While I personally would benefit materially from making the changes retroactive to January 1, 2017, many would see retroactive increases; hardly something I could advocate.
I will be very surprised, however, to see anything material actually pass this year to change the tax laws for individuals... Too much chaos has been sown over the past 12 years... Gridlock seems more likely, plus the holdout RINO’s will be able to claim that President Trump is to blame for any failed agendas, so failure to pass something will seem to them like success for Trump, their enemy.
... like success AGAINST Trump, their enemy ...
Bubba’s tax increase was retroactive to the beginning of the previous year, so why not?
Yup!
Me too. This bill would most likely be a tax increase for us too. I also want it to die. True tax reform cuts spending, otherwise it’s just wealth redistribution.
What tax cut? The do nothing congress is engaging in more kabuki IMHO.
This isn’t the way it works. See, in the Bill Clinton era, tax INCREASES were made retroactive back to January. The government doesn’t EVER want to have less money to play with. So, no, our savings won’t be made retroactive. Of course not. Government is all-important, you see. Peons? Not important. Calibrated now?
Unless they restore the personal exemptions, many will find their taxes increase rather than decrease. I would think the democrats would prefer to have it for 2017 since it will cost the republicans seats after the changes.
No. My taxes are going to go up as it is. Why would I want to add another year to the pain?
It’s different for dems. They are divided into two basic categories. The ruling elite dems say they want to pay higher taxes, so they don’t dare complain about them, and the useful idiots, the low information voters don’t pay any taxes anyway, so they really don’t care.
With what they have now, I will see a nice tax savings as well as everyone I’ve talked to in my family. My neighbor said he plugged in his numbers and will save a couple of grand.
So I’d like to see it retroactive but I’d be happy if the thing just PASSES. I’m expecting McNasty et al to pull the Lucy football on it.
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