Just Do It!
If they manage to pull this off, I’ll be completely amazed. The GOPe and RINOs are expert at snatching Defeat from the jaws of Victory.
I’m retired and have liquidated all assets. I really no longer have a dog in this fight, but I’m hoping for the best to MAGA! :)
How can tax credits exceed tax paid.... ???
Has some good stuff in it. And some not so good stuff in it. The scale tips slightly to the good stuff side (removing Obamacare Mandate, 509s for Private schools, ANWAR Exploration) - I’m for it.
You’d think they could find a few red-state Democrats to support this, to compensate for McCain and Collins, who are always doubtful.
Shouldn't that result in <~10% of the tax code left standing?
What does it mean that individual reduction would end in 2026?
Does it all go back to current rates?
If add o, this similar to the Bush 10 year tax cut.
We need to get rid of all obamacare taxes by then.
Die Obamacare DIE!!!
This tax bill is pretty bad for me.
Service based S-Corps are getting it pretty damn hard.
I was lied to — by everyone.
What the hell — someone has to carry the load.
First, pass it, then, keep making it much better with future legislation, for many years to come!
Anyone have the latest tax estimator? I would like to see how much we will end up owing next year. That various plans had us between $700-900 more federal taxes for a married retired couple (one over 65, one under 65).
AMT for taxpayers was not repealed. So the IRS gives me a tax break on one hand but takes it all back with the other.
This will come back to haunt him in his next election here in Florida.
Marco my words!
Leni
Do the corporate tax cuts happen immediately, or do they start in 2019? Are they phased in over time?
OK Everbody, look at this:
Mariner says this is great relief. At least they allow the SALT to include both Property and Income taxes, even though it’s limited to $10k.
I’m still a little pissed they are screwing so many, but my hit is marginal instead of thousands$$$$.
The Corporate rate cuts and eliminating the AMT, significantly reducing the Death Tax are all wonderful things.
The nitty-gritty:
https://taxfoundation.org/conference-report-tax-cuts-and-jobs-act/?utm_content=buffera9228&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer
VERY detailed explanation.
Democrat Sen. Marco Rubio
— Who elected this turd?
Who was obviously preset by Republican leaders to inject more welfare at the last minute.
Primary the Republicans anyways.
Does anyone know if it addresses the AMT and Death Tax issues?
Does anybody have a GIF of somebody puking?