Posted on 12/22/2017 11:50:29 AM PST by PJBankard
Friday, December 22, 2017: Watch live as President Donald Trump signs the biggest ever tax cut and reform bill into law. He will also sign a missile defense bill. The ceremony will take place in the Oval Office at the White House.
Didn't see anything posted on this.
MAGA
Congratulations! However, I am not tired of winning. What win is next, Mr. President?
JoMa
So this is what armageddon looks like.
MAGA
Saves me some cash. Counters those local property taxes and water bills that are going up for me in 2018.
I’m glad, but disappointed also. Astonishing how much blood sweat and tears it takes for these corrupt politicians to make such small cuts.
The cuts should be MUCH greater (10-15% flat) and the brackets should disappear. Launch our economy into the stratosphere and turn the IRS into a storefront.
Much more work needs to be done. This should only be the first shot over the bow.
Analysis from Forbes below...
And here are the rates for married taxpayers filing jointly:
Income Level Current Rate Proposed New Rate
$0 - $19,050 .............10%...............10%
$19,050-$77,400 .......15% ............12%
$77,400-$156,150 .....25% ...........22%
$156,150-$165,000 ...28% .........22%
$165,000-$237,950 ...28% .........24%
$237,950-$315,000 ...33% .........24%
$315,000-$400,000 ...33% .........32%
$400,000-$424,950 ...33% .........35%
$424,950-$480,050 ...35% .........35%
$480,050-$600,000 ...39.6%.......35%
> $600,000 39.6%....................37%
Only 11 months in office and ISIS defeated, Obamacare repealed, the DOW reaching record levels and now the biggest tax cut in history, amongst many, many more achievements.
I can barely wait to see what more winning Trump has in store for us in 2018!
MAGA!
[So this is what armageddon looks like.]
To the Democrats its the “Hysterical” Tax Bill.
Bummer. It looks like I’m right at the edge to get bumped a bracket.
But, I don’t care. This is good for America, thus it’s good for me.
Eliminates the individual mandate, effectively killing Obamacare!
That was my number one issue in the 2016 election. This is a very good day at my house.
Trump got off to a slow start thanks to Fed Rogue Judges...
But, I knew that momentum would kick in!
If you think we’re winning now? Give it another 6-12 months. The Trump Express is MOVING!
So this is what armageddon looks like.
The overwhelming majority will be happy.
That doesn't actually matter much. Only the amount over the minimum of that bracket will be taxed at the higher level, not your entire income.
I’m wondering if the bitcoin crash has anything to do with this.
It must be noted, strongly noted, that the Trump signing of the bill was very low key.
The President deferred the credit to the congress. When the President signed, he was flanked by no one. He used only one pen. He deferred the credit to the large signing ceremony that took place at the capitol with McConnell and Ryan flanked by lots and lots of congress critters. So far as I can remember, there has never been a televised congressional signing ceremony
Don't forget RINO's
“Losing!”
/Democrats
Yes, a lot of screaming and crowing but it’s small....not that I’m unhappy about it however since it should boost the overall economy.
Now if we can cut spending and lower the debt...it will be MAGA!
Approximately $4 Trillion of off-shore cash expected to return to the US.
[Hey, Obama/Media, this new economy is what OUR ‘new normal’ looks like.]
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