[SkyPilot]

I guess that makes it official.. I will be paying more in taxes according to their tables. I am subsidizing the uber wealthy, as usual and thise people with six kids. When their six kids have grown, they will just love subsidizing, or will they? Punished for being truly middle class,,

Yup - you and other families that are losing the Personal Exemption.

"Doubling" the Standard Deduction is not "double" because of that.

The GOPe destroyed or capped almost every measly tax deduction we had (mortgage interest, SALT taxes, medical expenses, student loans, employment tuition benefits, etc.) all so the GOPe donors and corporations could make out like bandits. And someone had to "pay for" their huge tax cut in a revenue neutral budget - you and me. They soaked the middle class.

Those deductions (some like SALT have been in the Tax Code since 1913 to prevent double taxation) are not gone - FOREVER! We will never get them back. Taxes, however, can and will go up at the will of our Federal Masters.

Thanks a ton. MAGA is dead to me.

[SkyPilot]

not = now

[momincombatboots]

Thanks for posting. I got a lot of hateful comments from other Freepers because they like being subsidized.
I did like parts of the plan, but it’s truly spenderiffic. No wonder the senate supported it. If they can steal and spend, it’s gonna happen.

[Scotswife]

Looking at the new brackets and rules for Child Tax Credit - it looks like we temporarily avoid a huge increase until each child ages out at 18.

In 2007 & 2008 we saw how the housing industry affects our overall economy. I wonder what ripple affect there will be now.

[Repeal The 17th]

"... MAGA is dead to me ..."

[TheStickman]

“MAGA is dead to me.”

So when can we expect your opus?

[Tamatoa]

Where did you read the bill and the final wording?

[SamAdams76]

I agree that this has been a great week for Trump.

We are winning from almost every direction and liberals are getting crushed.

We have only just begun to MAGA.

[Dusty Road]

(Those deductions (some like SALT have been in the Tax Code since 1913 to prevent double taxation) are not gone - FOREVER!).

Good! You want to live in a state with an income tax then so be it but that burden will now fall on your shoulders. you do realize that the loss in revenue from your deduction is just added onto the burden of others. It was still double taxation with the exception that not you but we covered your state tax for you. Somebody had to come up with that loss. If anything this might improve things for those with state taxes and they’ll finally grow a pair and fight against it, or move. You can’t tax what’s not there. Sir I’m in the oil and gas business and we’ve been the pissing post of this nation since I went into it. Everybody pissed on us and everybody taxed us and nobody gives a rats ass. So don’t play poor pitiful Pearl with me.

Don’t tax him and don’t tax me, tax that man behind the tree!

[Grampa Dave]

Tax reform is on track and Democrats/Trolls/Never Trumpsters want to derail it. Don’t believe these myths about the Senate’s bill:

http://www.foxnews.com/opinion/2017/11/30/tax-reform-is-on-track-and-democrats-want-to-derail-it-dont-believe-these-myths-about-senate-s-bill.htm

[Wuli]

“Those deductions (some like SALT have been in the Tax Code since 1913 to prevent double taxation)”

The combination of federal taxes and state & local taxes is not “double taxation”.

If you folks in your state insist in taxing yourselves higher than most states, that is an issue in your state, not a federal issue and not deserving of special consideration in federal taxes.

If your “double taxation” analogy was correct, then by whatever much your state taxes exceed the national media, federal expenses going to your state should be equally reduced, as the analogy suggests that both sets of taxes are to fund the same thing and you shouldn’t be paying twice for it. Well you’re not. You’re just agreeing to pay more in state taxes than others, period.

But back to the main point. The primary purposes of the federal government were/are intended to be separate and different. But when you progressives started linking them, in 1913, federalism and the separation of powers intended in federalism were dismissed. Why? To push more centralized federal power into Washington D.C.

[grey_whiskers]

The Collins amendment allows the deductibility of the first $10,000 of {either mortgage interest, or was it SALT — the sources I’ve read differ}.

[grey_whiskers]

The Collins amendment allows the deductibility of the first $10,000 of {either mortgage interest, or was it SALT — the sources I’ve read differ}.

[House Atreides]

The medical expense itemized deduction hasn’t gone away. It has actually been liberalized — at least for two years. The threshold for the deduction of those expenses has been reduced from 10% of income to 7.5% of income.

[Mariner]

“The GOPe destroyed or capped almost every measly tax deduction we had (mortgage interest, SALT taxes, medical expenses, student loans, employment tuition benefits, etc.) all so the GOPe donors and corporations could make out like bandits. And someone had to “pay for” their huge tax cut in a revenue neutral budget - you and me. They soaked the middle class.”

There are hundreds of people on FR that think that’s a lie. They don’t believe anyone will pay higher taxes...and if they do, they DESERVE to do so.

[CodeToad]

“Taxes, however, can and will go up at the will of our Federal Masters.”

You bitch about high SALT being removed but blame high taxes on the feds? What an idiot!

Go back to your State masters and complain about those high State and Local Taxes.

[doghorse]

“The GOPe destroyed or capped almost every measly tax deduction we had (mortgage interest, SALT taxes, medical expenses, student loans, employment tuition benefits, etc.) all so the GOPe donors and corporations could make out like bandits. And someone had to “pay for” their huge tax cut in a revenue neutral budget - you and me. They soaked the middle class.”

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.

[JME_FAN]

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

[JME_FAN]

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.

[Brown Deer]

[KTM rider]

Yep very hard to get excited about a reshuffled tax bill that caters to the DC lobbys

Not blaming Trump, he will just take whatever he can get, thanks to the politicians for Making America Screwed Again

still no reversal of "Affiordable (my A$$)healthcare" , just a Fake Tax reform bill