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BREAKING: US Senate Passes Historic Tax Reform Package, 51-49
Townhall.com ^ | December 2, 2017 | Guy Benson

Posted on 12/02/2017 1:37:52 AM PST by Kaslin

click here to read article


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To: Kaslin

I know I’ll end up paying more in taxes, but I still think this is great!

Because they finally actually *did* something...


281 posted on 12/02/2017 9:01:50 AM PST by Redbob (W.W.J.B.D. - What Would Jack Bauer Do?)
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To: Kaslin

Whew!!
Now, back to O-Care or Immigration Reform.


282 posted on 12/02/2017 9:03:32 AM PST by lee martell
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To: doghorse

“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.


283 posted on 12/02/2017 9:09:07 AM PST by CodeToad (CWII is coming. Arm Up! They Are!)
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To: familyop

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.


284 posted on 12/02/2017 9:13:27 AM PST by scottinoc
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To: Kaslin

A surprising amount of envy and ignorance being displayed here on FR this morning.


285 posted on 12/02/2017 9:13:36 AM PST by Chuckster ("Them Rag Heads just ain't rational" Curly Bartley 1973)
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To: Tamatoa

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.


286 posted on 12/02/2017 9:14:45 AM PST by manc ( If they want so called marriage equality then they should support polygamy too.)
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To: Kaslin

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


287 posted on 12/02/2017 9:31:58 AM PST by Jim W N
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To: RRismyhero

That doesn’t surprise me.


288 posted on 12/02/2017 9:33:03 AM PST by TheStickman (#MAGA all day every day!)
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To: SkyPilot

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!


289 posted on 12/02/2017 9:35:10 AM PST by baltoga
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To: baltoga

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).


290 posted on 12/02/2017 9:45:50 AM PST by neverevergiveup
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To: SkyPilot

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...


291 posted on 12/02/2017 10:04:51 AM PST by God luvs America (63.5 million pay no income tax and vote for DemoKrats...)
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To: Wright Wing

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?


292 posted on 12/02/2017 10:16:55 AM PST by KC_for_Freedom (Trump has one good idea after the other.)
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Comment #293 Removed by Moderator

To: KC_for_Freedom

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.


294 posted on 12/02/2017 10:45:18 AM PST by antidisestablishment ( Xenophobia is the only sane response to multiculturalismÂ’s irrational cultural exuberance)
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To: Nextrush

Perhaps, but I don’t think you have much say in the matter.


295 posted on 12/02/2017 10:46:23 AM PST by Dave W
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To: Kaslin

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.


296 posted on 12/02/2017 10:47:25 AM PST by Angels27
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To: genxer

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?


297 posted on 12/02/2017 10:51:56 AM PST by miserare ( Hillary--you lost! Get over it!!)
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To: CodeToad

good explanation of the SALT issue.


298 posted on 12/02/2017 10:54:54 AM PST by miserare ( Hillary--you lost! Get over it!!)
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To: SkyPilot

Don’t let the door smack you in the ass.


299 posted on 12/02/2017 10:55:17 AM PST by JME_FAN
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To: SkyPilot

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.


300 posted on 12/02/2017 10:57:57 AM PST by JME_FAN
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