Sad true on the tax bill

[GHook93]

With all the fake news out there we will need to wait until we pay our taxes in April to figure out if it is a good deal or not. Me personally I could either drop from 25% to 12% or I could remain at 25% and actually pay more.

Tax law is confusing and this bill, despite the rhetoric, hasn’t made it simpler.

If you listen to the left then only the 1% at the top will get a tax break (even though the top 1% remains at 39.5% and loses deductions). If you listen to the right then everyone across the globe (yes even peasants in China) will get a tax decrease (even though many people will remain at the same bracket, which under this bill equates to more tax dollar being paid).

Again I will wait until tax time to see what happens.

This is a make and break moment for Trump. No big legislation will come before 2018. 2018 is supposed to be a big year for the GOP in the senate. If people do not see tax decreases in April, the Democrats win big. They probably won’t take the senate, but they will take the House.

I just want to pay less taxes!


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[Admiral Rockwell Tory]

With all the fake news out there we will need to wait until we pay our taxes in April to figure out if it is a good deal or not. Me personally I could either drop from 25% to 12% or I could remain at 25% and actually pay more.

Tax law is confusing and this bill, despite the rhetoric, hasn’t made it simpler.

If you listen to the left then only the 1% at the top will get a tax break (even though the top 1% remains at 39.5% and loses deductions). If you listen to the right then everyone across the globe (yes even peasants in China) will get a tax decrease (even though many people will remain at the same bracket, which under this bill equates to more tax dollar being paid).

Again I will wait until tax time to see what happens.

This is a make and break moment for Trump. No big legislation will come before 2018. 2018 is supposed to be a big year for the GOP in the senate. If people do not see tax decreases in April, the Democrats win big. They probably won’t take the senate, but they will take the House.

I just want to pay less taxes!


Sent from my iPhone using USMessageBoard.com

The taxes from this new bill aren't due (to be paid) until April 2019.

Your withholding from your paycheck will start going down in February.

I should gain about $100 a month in my paychecks.

 

[NYcarbineer]

With all the fake news out there we will need to wait until we pay our taxes in April to figure out if it is a good deal or not. Me personally I could either drop from 25% to 12% or I could remain at 25% and actually pay more.

Tax law is confusing and this bill, despite the rhetoric, hasn’t made it simpler.

If you listen to the left then only the 1% at the top will get a tax break (even though the top 1% remains at 39.5% and loses deductions). If you listen to the right then everyone across the globe (yes even peasants in China) will get a tax decrease (even though many people will remain at the same bracket, which under this bill equates to more tax dollar being paid).

Again I will wait until tax time to see what happens.

This is a make and break moment for Trump. No big legislation will come before 2018. 2018 is supposed to be a big year for the GOP in the senate. If people do not see tax decreases in April, the Democrats win big. They probably won’t take the senate, but they will take the House.

I just want to pay less taxes!


Sent from my iPhone using USMessageBoard.com

I think you might need to do a little research on how tax brackets work.

 

[BULLDOG]

With all the fake news out there we will need to wait until we pay our taxes in April to figure out if it is a good deal or not. Me personally I could either drop from 25% to 12% or I could remain at 25% and actually pay more.

Tax law is confusing and this bill, despite the rhetoric, hasn’t made it simpler.

If you listen to the left then only the 1% at the top will get a tax break (even though the top 1% remains at 39.5% and loses deductions). If you listen to the right then everyone across the globe (yes even peasants in China) will get a tax decrease (even though many people will remain at the same bracket, which under this bill equates to more tax dollar being paid).

Again I will wait until tax time to see what happens.

This is a make and break moment for Trump. No big legislation will come before 2018. 2018 is supposed to be a big year for the GOP in the senate. If people do not see tax decreases in April, the Democrats win big. They probably won’t take the senate, but they will take the House.

I just want to pay less taxes!


Sent from my iPhone using USMessageBoard.com

Nobody said on;y the 1% would get a tax break. Only that the 1% would get the large majority of the tax breaks, and theirs will be permanent while ours expire in a few years. When that happens, we will pay more than now.

 

[Rambunctious]

My accountant gives it a big thumbs...

 

[TemplarKormac]

 

[GHook93]

With all the fake news out there we will need to wait until we pay our taxes in April to figure out if it is a good deal or not. Me personally I could either drop from 25% to 12% or I could remain at 25% and actually pay more.

Tax law is confusing and this bill, despite the rhetoric, hasn’t made it simpler.

If you listen to the left then only the 1% at the top will get a tax break (even though the top 1% remains at 39.5% and loses deductions). If you listen to the right then everyone across the globe (yes even peasants in China) will get a tax decrease (even though many people will remain at the same bracket, which under this bill equates to more tax dollar being paid).

Again I will wait until tax time to see what happens.

This is a make and break moment for Trump. No big legislation will come before 2018. 2018 is supposed to be a big year for the GOP in the senate. If people do not see tax decreases in April, the Democrats win big. They probably won’t take the senate, but they will take the House.

I just want to pay less taxes!


Sent from my iPhone using USMessageBoard.com

I think you might need to do a little research on how tax brackets work.

Thanks, but not to insult, but I wouldn’t take your advice on anything.

Sent from my iPhone using USMessageBoard.com

 

[NightFox]

With all the fake news out there we will need to wait until we pay our taxes in April to figure out if it is a good deal or not. Me personally I could either drop from 25% to 12% or I could remain at 25% and actually pay more.

Tax law is confusing and this bill, despite the rhetoric, hasn’t made it simpler.

If you listen to the left then only the 1% at the top will get a tax break (even though the top 1% remains at 39.5% and loses deductions). If you listen to the right then everyone across the globe (yes even peasants in China) will get a tax decrease (even though many people will remain at the same bracket, which under this bill equates to more tax dollar being paid).

Again I will wait until tax time to see what happens.

This is a make and break moment for Trump. No big legislation will come before 2018. 2018 is supposed to be a big year for the GOP in the senate. If people do not see tax decreases in April, the Democrats win big. They probably won’t take the senate, but they will take the House.

I just want to pay less taxes!


Sent from my iPhone using USMessageBoard.com

I think you might need to do a little research on how tax brackets work.

Thanks, but not to insult, but I wouldn’t take your advice on anything.

View attachment 166985


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FYI: Your chart appears to be out of date...

The final bill includes the following brackets
-- 10% (income up to $9,525 for individuals; up to $19,050 for married couples filing jointly)
-- 12% (over $9,525 to $38,700; over $19,050 to $77,400 for couples)
-- 22% (over $38,700 to $82,500; over $77,400 to $165,000 for couples)
-- 24% (over $82,500 to $157,500; over $165,000 to $315,000 for couples)
-- 32% (over $157,500 to $200,000; over $315,000 to $400,000 for couples)
-- 35% (over $200,000 to $500,000; over $400,000 to $600,000 for couples)
-- 37% (over $500,000; over $600,000 for couples)

 

[NYcarbineer]

With all the fake news out there we will need to wait until we pay our taxes in April to figure out if it is a good deal or not. Me personally I could either drop from 25% to 12% or I could remain at 25% and actually pay more.

Tax law is confusing and this bill, despite the rhetoric, hasn’t made it simpler.

If you listen to the left then only the 1% at the top will get a tax break (even though the top 1% remains at 39.5% and loses deductions). If you listen to the right then everyone across the globe (yes even peasants in China) will get a tax decrease (even though many people will remain at the same bracket, which under this bill equates to more tax dollar being paid).

Again I will wait until tax time to see what happens.

This is a make and break moment for Trump. No big legislation will come before 2018. 2018 is supposed to be a big year for the GOP in the senate. If people do not see tax decreases in April, the Democrats win big. They probably won’t take the senate, but they will take the House.

I just want to pay less taxes!


Sent from my iPhone using USMessageBoard.com

I think you might need to do a little research on how tax brackets work.

Thanks, but not to insult, but I wouldn’t take your advice on anything.

View attachment 166985


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All of your income is not in ONE bracket.

 

[NYcarbineer]

With all the fake news out there we will need to wait until we pay our taxes in April to figure out if it is a good deal or not. Me personally I could either drop from 25% to 12% or I could remain at 25% and actually pay more.

Tax law is confusing and this bill, despite the rhetoric, hasn’t made it simpler.

If you listen to the left then only the 1% at the top will get a tax break (even though the top 1% remains at 39.5% and loses deductions). If you listen to the right then everyone across the globe (yes even peasants in China) will get a tax decrease (even though many people will remain at the same bracket, which under this bill equates to more tax dollar being paid).

Again I will wait until tax time to see what happens.

This is a make and break moment for Trump. No big legislation will come before 2018. 2018 is supposed to be a big year for the GOP in the senate. If people do not see tax decreases in April, the Democrats win big. They probably won’t take the senate, but they will take the House.

I just want to pay less taxes!


Sent from my iPhone using USMessageBoard.com

Nobody said on;y the 1% would get a tax break. Only that the 1% would get the large majority of the tax breaks, and theirs will be permanent while ours expire in a few years. When that happens, we will pay more than now.

Trump is still claiming he'll pay more, lol.

 

[asaratis]

With all the fake news out there we will need to wait until we pay our taxes in April to figure out if it is a good deal or not. Me personally I could either drop from 25% to 12% or I could remain at 25% and actually pay more.

Tax law is confusing and this bill, despite the rhetoric, hasn’t made it simpler.

If you listen to the left then only the 1% at the top will get a tax break (even though the top 1% remains at 39.5% and loses deductions). If you listen to the right then everyone across the globe (yes even peasants in China) will get a tax decrease (even though many people will remain at the same bracket, which under this bill equates to more tax dollar being paid).

Again I will wait until tax time to see what happens.

This is a make and break moment for Trump. No big legislation will come before 2018. 2018 is supposed to be a big year for the GOP in the senate. If people do not see tax decreases in April, the Democrats win big. They probably won’t take the senate, but they will take the House.

I just want to pay less taxes!


Sent from my iPhone using USMessageBoard.com

Correct me if I'm wrong here, but I think the proof will be in paychecks prior to April 15. However, the tax reductions may not (and probably will not) retroactively apply to your 2017 income tax. Your tax bill in April will likely be calculated the same as before.

 

[asaratis]

With all the fake news out there we will need to wait until we pay our taxes in April to figure out if it is a good deal or not. Me personally I could either drop from 25% to 12% or I could remain at 25% and actually pay more.

Tax law is confusing and this bill, despite the rhetoric, hasn’t made it simpler.

If you listen to the left then only the 1% at the top will get a tax break (even though the top 1% remains at 39.5% and loses deductions). If you listen to the right then everyone across the globe (yes even peasants in China) will get a tax decrease (even though many people will remain at the same bracket, which under this bill equates to more tax dollar being paid).

Again I will wait until tax time to see what happens.

This is a make and break moment for Trump. No big legislation will come before 2018. 2018 is supposed to be a big year for the GOP in the senate. If people do not see tax decreases in April, the Democrats win big. They probably won’t take the senate, but they will take the House.

I just want to pay less taxes!


Sent from my iPhone using USMessageBoard.com

Nobody said on;y the 1% would get a tax break. Only that the 1% would get the large majority of the tax breaks, and theirs will be permanent while ours expire in a few years. When that happens, we will pay more than now.

Trump is still claiming he'll pay more, lol.

I predict that the Democrats will lose seats in the House and the Senate.

When you criticize Donald Trump, please recall that he DONATES his salary back to the government, That is $400,000 a year.

Trump donates third-quarter salary to HHS opioid efforts

 

[OKTexas]

With all the fake news out there we will need to wait until we pay our taxes in April to figure out if it is a good deal or not. Me personally I could either drop from 25% to 12% or I could remain at 25% and actually pay more.

Tax law is confusing and this bill, despite the rhetoric, hasn’t made it simpler.

If you listen to the left then only the 1% at the top will get a tax break (even though the top 1% remains at 39.5% and loses deductions). If you listen to the right then everyone across the globe (yes even peasants in China) will get a tax decrease (even though many people will remain at the same bracket, which under this bill equates to more tax dollar being paid).

Again I will wait until tax time to see what happens.

This is a make and break moment for Trump. No big legislation will come before 2018. 2018 is supposed to be a big year for the GOP in the senate. If people do not see tax decreases in April, the Democrats win big. They probably won’t take the senate, but they will take the House.

I just want to pay less taxes!


Sent from my iPhone using USMessageBoard.com

Nobody said on;y the 1% would get a tax break. Only that the 1% would get the large majority of the tax breaks, and theirs will be permanent while ours expire in a few years. When that happens, we will pay more than now.

Why don't you explain to the class why the individual rates expire? Do you even have a small clue?


.

 

[BULLDOG]

With all the fake news out there we will need to wait until we pay our taxes in April to figure out if it is a good deal or not. Me personally I could either drop from 25% to 12% or I could remain at 25% and actually pay more.

Tax law is confusing and this bill, despite the rhetoric, hasn’t made it simpler.

If you listen to the left then only the 1% at the top will get a tax break (even though the top 1% remains at 39.5% and loses deductions). If you listen to the right then everyone across the globe (yes even peasants in China) will get a tax decrease (even though many people will remain at the same bracket, which under this bill equates to more tax dollar being paid).

Again I will wait until tax time to see what happens.

This is a make and break moment for Trump. No big legislation will come before 2018. 2018 is supposed to be a big year for the GOP in the senate. If people do not see tax decreases in April, the Democrats win big. They probably won’t take the senate, but they will take the House.

I just want to pay less taxes!


Sent from my iPhone using USMessageBoard.com

Nobody said on;y the 1% would get a tax break. Only that the 1% would get the large majority of the tax breaks, and theirs will be permanent while ours expire in a few years. When that happens, we will pay more than now.

Trump is still claiming he'll pay more, lol.

He's still claiming he had more at his inauguration than anyone ever, too. What can I say? He's a delusional liar.

 

[BULLDOG]

With all the fake news out there we will need to wait until we pay our taxes in April to figure out if it is a good deal or not. Me personally I could either drop from 25% to 12% or I could remain at 25% and actually pay more.

Tax law is confusing and this bill, despite the rhetoric, hasn’t made it simpler.

If you listen to the left then only the 1% at the top will get a tax break (even though the top 1% remains at 39.5% and loses deductions). If you listen to the right then everyone across the globe (yes even peasants in China) will get a tax decrease (even though many people will remain at the same bracket, which under this bill equates to more tax dollar being paid).

Again I will wait until tax time to see what happens.

This is a make and break moment for Trump. No big legislation will come before 2018. 2018 is supposed to be a big year for the GOP in the senate. If people do not see tax decreases in April, the Democrats win big. They probably won’t take the senate, but they will take the House.

I just want to pay less taxes!


Sent from my iPhone using USMessageBoard.com

Nobody said on;y the 1% would get a tax break. Only that the 1% would get the large majority of the tax breaks, and theirs will be permanent while ours expire in a few years. When that happens, we will pay more than now.

Trump is still claiming he'll pay more, lol.

I predict that the Democrats will lose seats in the House and the Senate.

When you criticize Donald Trump, please recall that he DONATES his salary back to the government, That is $400,000 a year.

Trump donates third-quarter salary to HHS opioid efforts

More than made up for by his free advertising for Mar-a-Lago. What would any other resort be willing to pay the president to call their resort the Winter White House?

 

[The Breeze]

With all the fake news out there we will need to wait until we pay our taxes in April to figure out if it is a good deal or not. Me personally I could either drop from 25% to 12% or I could remain at 25% and actually pay more.

Tax law is confusing and this bill, despite the rhetoric, hasn’t made it simpler.

If you listen to the left then only the 1% at the top will get a tax break (even though the top 1% remains at 39.5% and loses deductions). If you listen to the right then everyone across the globe (yes even peasants in China) will get a tax decrease (even though many people will remain at the same bracket, which under this bill equates to more tax dollar being paid).

Again I will wait until tax time to see what happens.

This is a make and break moment for Trump. No big legislation will come before 2018. 2018 is supposed to be a big year for the GOP in the senate. If people do not see tax decreases in April, the Democrats win big. They probably won’t take the senate, but they will take the House.

I just want to pay less taxes!


Sent from my iPhone using USMessageBoard.com

Nobody said on;y the 1% would get a tax break. Only that the 1% would get the large majority of the tax breaks, and theirs will be permanent while ours expire in a few years. When that happens, we will pay more than now.

Why don't you explain to the class why the individual rates expire? Do you even have a small clue?


.

I'll bet he doesn't have a clue either.

 

[BULLDOG]

With all the fake news out there we will need to wait until we pay our taxes in April to figure out if it is a good deal or not. Me personally I could either drop from 25% to 12% or I could remain at 25% and actually pay more.

Tax law is confusing and this bill, despite the rhetoric, hasn’t made it simpler.

If you listen to the left then only the 1% at the top will get a tax break (even though the top 1% remains at 39.5% and loses deductions). If you listen to the right then everyone across the globe (yes even peasants in China) will get a tax decrease (even though many people will remain at the same bracket, which under this bill equates to more tax dollar being paid).

Again I will wait until tax time to see what happens.

This is a make and break moment for Trump. No big legislation will come before 2018. 2018 is supposed to be a big year for the GOP in the senate. If people do not see tax decreases in April, the Democrats win big. They probably won’t take the senate, but they will take the House.

I just want to pay less taxes!


Sent from my iPhone using USMessageBoard.com

Nobody said on;y the 1% would get a tax break. Only that the 1% would get the large majority of the tax breaks, and theirs will be permanent while ours expire in a few years. When that happens, we will pay more than now.

Why don't you explain to the class why the individual rates expire? Do you even have a small clue?


.

Because extending individual tax cuts along with the giveaways to the rich would increase thee deficit to more than 1.5 trillion. As it is, the giveaways with limited individual tax cuts increase the deficit to 1.414 trillion. They don't mind exploding the deficit, but only for giveaways to the rich.

 

[jc456]

With all the fake news out there we will need to wait until we pay our taxes in April to figure out if it is a good deal or not. Me personally I could either drop from 25% to 12% or I could remain at 25% and actually pay more.

Tax law is confusing and this bill, despite the rhetoric, hasn’t made it simpler.

If you listen to the left then only the 1% at the top will get a tax break (even though the top 1% remains at 39.5% and loses deductions). If you listen to the right then everyone across the globe (yes even peasants in China) will get a tax decrease (even though many people will remain at the same bracket, which under this bill equates to more tax dollar being paid).

Again I will wait until tax time to see what happens.

This is a make and break moment for Trump. No big legislation will come before 2018. 2018 is supposed to be a big year for the GOP in the senate. If people do not see tax decreases in April, the Democrats win big. They probably won’t take the senate, but they will take the House.

I just want to pay less taxes!


Sent from my iPhone using USMessageBoard.com

well actually you'll have to wait until April 2019. but who's counting.

 

[jc456]

With all the fake news out there we will need to wait until we pay our taxes in April to figure out if it is a good deal or not. Me personally I could either drop from 25% to 12% or I could remain at 25% and actually pay more.

Tax law is confusing and this bill, despite the rhetoric, hasn’t made it simpler.

If you listen to the left then only the 1% at the top will get a tax break (even though the top 1% remains at 39.5% and loses deductions). If you listen to the right then everyone across the globe (yes even peasants in China) will get a tax decrease (even though many people will remain at the same bracket, which under this bill equates to more tax dollar being paid).

Again I will wait until tax time to see what happens.

This is a make and break moment for Trump. No big legislation will come before 2018. 2018 is supposed to be a big year for the GOP in the senate. If people do not see tax decreases in April, the Democrats win big. They probably won’t take the senate, but they will take the House.

I just want to pay less taxes!


Sent from my iPhone using USMessageBoard.com

Nobody said on;y the 1% would get a tax break. Only that the 1% would get the large majority of the tax breaks, and theirs will be permanent while ours expire in a few years. When that happens, we will pay more than now.

Why don't you explain to the class why the individual rates expire? Do you even have a small clue?


.

Because extending individual tax cuts along with the giveaways to the rich would increase thee deficit to more than 1.5 trillion. As it is, the giveaways with limited individual tax cuts increase the deficit to 1.414 trillion. They don't mind exploding the deficit, but only for giveaways to the rich.

again, that'sd 85% better than obummer's 10 trillion. thank god that number came down.

 

[OKTexas]

With all the fake news out there we will need to wait until we pay our taxes in April to figure out if it is a good deal or not. Me personally I could either drop from 25% to 12% or I could remain at 25% and actually pay more.

Tax law is confusing and this bill, despite the rhetoric, hasn’t made it simpler.

If you listen to the left then only the 1% at the top will get a tax break (even though the top 1% remains at 39.5% and loses deductions). If you listen to the right then everyone across the globe (yes even peasants in China) will get a tax decrease (even though many people will remain at the same bracket, which under this bill equates to more tax dollar being paid).

Again I will wait until tax time to see what happens.

This is a make and break moment for Trump. No big legislation will come before 2018. 2018 is supposed to be a big year for the GOP in the senate. If people do not see tax decreases in April, the Democrats win big. They probably won’t take the senate, but they will take the House.

I just want to pay less taxes!


Sent from my iPhone using USMessageBoard.com

Nobody said on;y the 1% would get a tax break. Only that the 1% would get the large majority of the tax breaks, and theirs will be permanent while ours expire in a few years. When that happens, we will pay more than now.

Why don't you explain to the class why the individual rates expire? Do you even have a small clue?


.

Because extending individual tax cuts along with the giveaways to the rich would increase thee deficit to more than 1.5 trillion. As it is, the giveaways with limited individual tax cuts increase the deficit to 1.414 trillion. They don't mind exploding the deficit, but only for giveaways to the rich.

Close but no cigar, senate rules on reconciliation require it, if 10 commiecrats would have voted for the bill all cuts could have been made permanent. The Bush tax cuts were extended twice before they were made permanent.

The sunsetting individual tax cuts were included in the bill so it complies with Senate rules that legislation can be passed with a simple majority only if it doesn't drive up the deficit 10 years after passage.

Analysis | Republicans explain why their tax cuts are temporary, but not really temporary


.