First details emerge of GOP's sweeping tax bill

The Hill ^ | 11/02/2017 | NAOMI JAGODA AND SCOTT WONG

[central_va]

I recalculated my 2016 taxes and I would have owed over $1,000 more in taxes. I didn’t vote for that.

[central_va]

THis bill is DOA. Don’t fall in love with it.

[VideoDoctor]

It’s so friggin’ obvious. My colleagues and I discuss this all the time but for some reason, the lobbyists don’t include such a measure.

So TRUE!

Unfortunately the Lobbyists will FIGHT this to the death because it's takes away much of their leverage and position at the feeding trough of tax payer dollars.

[Brown Deer]

Then please provide your methods...

I did.

...as sources you previously provided do not include the data needed to compute the numbers you state.

They do.

Go back and look again!

[EnquiringMind]

So kind, are you. /s

Eat (your sandwich), drink, and be merry.

[central_va]

All tax cuts are good. Nobody is susidizing anything. The best tax is an import tarrif, most non progressive tax there is.

I have one kid and our exemptions were 3 @ 4050. I voted for a tax cut, not a tax increase. This bill is DOA.

[nopardons]

I have NO minor children at home, I have NEVER had a mortgage on it, file jointly, and through MY taxes, am supporting hordes of others through Fed, state, and property taxes!

And you're wrong about everyone getting a lower bracket with this POS thing! Many of those who are now in the 33% bracket, shall now be in the 35% bracket. And since YOU can't do simple math...THAT'S A RAISE IN THEIR TAXES!

There's also a new bracket, on those making over 1 million a year...which is a rounded 46% bracket.

I'm "upset" that this whole mess is a LIE! It's being passed off as a "TAX CUT", when it is a TAX INCREASE for some.

And property taxes, in some no state tax states, are very high...far higher than the paltry amount that the new "double deduction" covers; ditto for the capping at $10,000.

I am wholeheartedly against those who pay NO taxes not only getting "money back", but that that sum has now been RAISED!

Also, I am against the deductions for property and state and in some places, city taxes being disallowed.

It doesn't matter which bracket I'm in ( though yes, I don't like getting screwed at all! ); what matters to me is that this FRAUD is being sold as a TAX CUT and it isn't!

You keep posting the same garbage figures, which are just NOT across the board factual at all. Proving, over and over and over again that you are a befuddled, benighted, uneducated on this topic fool.

[nopardons]

I'm far kinder and intelligent than you are. I also, unlike you, understand and know about what's in this POS crap sandwich; to date.

And since you have the filling of this sandwich for brains, it's little wonder that is what you focus on. Pity that....

[Scott from the Left Coast]

A LOT of the problems with this bill could be fixed by bringing the personal exemptions back. The rest by getting rid of this insanely stupid idea of a “revenue neutral” tax cut. They are allowing the Democrat socialists to put them in a straightjacket...probably because so many Republicans are also socialists. Socialism makes the political class very wealthy.

[leakinInTheBlueSea]

Maybe I’m blind then... which source that you previously provided includes state median household incomes? The number you provided comes from official census bureau estimates using data collected from the American Communities Survey... but you seem to have found it in one of the prior links you provided, stating that it was NOT from the census... so please help me out.

[Brown Deer]

INCOMES have nothing whatsoever to do with average taxes collected by the IRS per capita!

Why do you keep stating that my numbers were calculated using incomes! It is TAXES collected divided by POPULATION! Very simple to understand!

[nopardons]

No...not "EVERYONE" is getting a lower effective tax rate; you blithering idiotic parrot who is stuck on stupid!

Presently, there are seven different brackets. As of today, there are to be five...which is up from the promised three and then announced four.

I have NO desire to subsidize you, others who pay taxes, and least of all, those who don't pay ANY Fed taxes at all, but get tons of money back.

Yes, I live in a blue state.

What my taxable income is, is not only none of your business, but doesn't really matter re this discussion, since many making more and less are also going to be harmed because their deductibles are taken away/their brackets are being screwed around with, placing them in a higher bracket.

What's even more appalling than your hysterical glee at those of us getting "hammered" by this crap sandwich of a proposition, is your mordant stupidity and uneducated posts; not to mention your moronic lack of ability to keep abreast of the "new" POISON PILLS that keep leaking out.

Rather than my posting the new news to you...go, depart, hie thee to the threads here, or scour the net and do your own scut work; EDUCATE YOURSELF!

[nopardons]

Those who make $100,000 LOWER than $470,000 are now in a HIGHER tax bracket now; from the 33% to now in the 35% bracket. There's also a somewhat hidden, massive surcharge/tax on those earning over $1 million. And, some who think that they've been put into a lower bracket, haven't been at all! Please try to keep up/learn the facts!

And many others, in other tax brackets are now moved up as well.

Shall we send every single lefty, Dem voter, to move to where you live? Is THAT what you want?

Texas has NO state income taxes, yet many places, in that state, have HUGE property taxes! So where should those people move?

You must be a masochist; someone who enjoys being humiliated in public...elsewise, you would grab a clue and stop posting the patently ridiculous garbage that you keep repeating.

[leakinInTheBlueSea]

In your reply to CaliGansta in post #420 of his thread, you stated: <<< FACTS: California residents paid an average $10,408 to the IRS in Fiscal Year 2015, compared to the national average of $10,234. In 2012, it was $7,691 vs. $7,919. In 2011, it was $7,463 vs. $7,632.

In 2015, the median household income in California was $64,500 compared to only $55,775 for the United States.

So, they are paying the about same in federal taxes as the rest of the country, but are much more income than others!

So, that makes you a liar.
>>>

Your argument is based on MEDIAN HOUSEHOLD income as you stated above, and on MEAN taxes paid (IRS-revenue/population). You are simply dividing taxes collected by population (MEAN taxes collected per capita), and asserting that CA is paying less than other states because the MEDIAN income is greater while the MEAN per capita taxes are roughly the same. That ignores the fact that mean household size varies from state to state, and assumes states with larger families (UT, CA, TX) should be paying more. So yes, you ARE mixing means and medians, and yes, it IS rather simple... you just fail to understand the statistics behind your unsupported claims.

[Brown Deer]

WRONG again!

1: I stated that residents in California paid about the same in taxes as the rest of the country.

2: I also mentioned in a separate statement that the median household income in California was significantly more than the rest of the country.

If you have facts, that disagree with either of those of two statements then feel free to share them. I know you won’t, because they don’t exist!

In any case, here is per capita income numbers from the FRED, and indeed California is still significantly higher!

https://fred.stlouisfed.org/series/CAPCPI
https://fred.stlouisfed.org/series/A792RC0A052NBEA

Any more stupid arguments?