Posted on 12/02/2017 1:37:52 AM PST by Kaslin
I know I’ll end up paying more in taxes, but I still think this is great!
Because they finally actually *did* something...
Whew!!
Now, back to O-Care or Immigration Reform.
“How can one person (you) be so wrong so much of the time. Personally I would spend more time on research and less time letting on DU, oh, excuse me. I outed you.”
Not to mention she claims to be a private jet pilot and they don’t make enough money to be concerned with any part of this bill raising anyone’s taxes.
Susan Collins is the “80 percent friend” Reagan talked about, except I think he was referring to fghe other side of the aisle. New reality. Rino season in 2018.
A surprising amount of envy and ignorance being displayed here on FR this morning.
my state has not state tax, but it does seem those who live in their socialist blue states are doing the biggest whining about this.
Can anyone boil this thing down to
1) Old vs. New tax ranges per income level
2) Number of pages of Old Tax Code vs. number of pages of New Tax Code
That doesn’t surprise me.
Yes I agree at first glance I’ll probably see a slight tax increase, but for me the bigger issue will this unleash business investment across the USA. If so, then that will certainly translate into economic growth and jobs for the whole USA!
There are a lot of federally funded programs and activities that are distributed very unevenly among the states. For example, 7 blue states received over 50% of total NIH research dollars given out in 2016 (CA, WA, NY, MA, MD, CT, IL).
you don’t???
if you are taking deductions it means less revenue for the feds and someone else will eventually have to make up for your deductions...
I believe that some future home buyers will re-evaluate how much a home is worth and how much mortgage they should take on. So, yes in these cases the top home prices will fall or more likely not rise as fast.
I do not think this will be wide spread, for example many places have homes that will sell and mortgage for less than the allowed deduction. But at the same time, many people will (a) experience the standard deduction becoming larger than their total itemized deductions and therefore they will not itemize. and (b) the tax rates in general will fall making their overall tax lower. You should wait until they build these tax calculators (when the final bill is passed) and see then if it will affect you and/or your neighbors and how it will affect the overall property values in your local. What you are predicting may only affect the highest priced neighborhoods — do you live in one of these?
Why should the federal government penalize people for buying more expensive homes?
$500K may buy a mansion in Backwoods, Kentucky, but that only gets you a decent home in a nicer subdivision in many locations. This bill is more of the same old tired lie wrapped in shiny-new, Republican class-envy wrapping paper—it does nothing to reign in the EVER-GROWING FEDERAL SPENDING.
Perhaps, but I don’t think you have much say in the matter.
This is another GOP crap sandwich that is screwing the middle class with higher taxes. To corporations will get more breaks and access to illegal alien cheap labor. Tje leaches will get continued welfare at my expenses.
I might as well vote for a Democrat congress in 2018 and 2020 and Democrat POTUS in 2020. If have to screwed, might as well be by a Democrat.
Color me confused also. With the removal of so many deductions...does that mean the boomers will kick out their slacker kids who have been mooching off them for the past 20 years?
good explanation of the SALT issue.
Don’t let the door smack you in the ass.
You bitch about subsidies for the “rich” - but you want me to subsidize those who live in high-income-tax states. If you don’t like paying high state taxes - MOVE TO A LOWER TAX STATE! Don’t demand that the rest of us should fund your exemption.
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