What, you mean all the crap media reports were wrong before?
Nuh unh.
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$8
I’m going to pay more. And our company apparently has no plans to share the largess.
Corporate tax rates are dropping to nearly half ... 35% to 21%. Yet nothing for us.
Enjoy the winnings, if you have them. Most will be losing on this one.
Especially when the outcome will be higher than ever health insurance rates for all.
So find another company ours has already started paying a bonus again.
no way you honestly believe that.Originally Posted by TampaJim
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Most are losing? Huh? 91% get a tax break. Can you explain?
Most losing? 80% getting a cut. When does that equal most?
It wouldn't matter to some folks if the end result was tens of thousands or more of extra dollars in their pockets, because it was passed by this administration and this congress, it's bad no matter what
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It’s back ... back back back and it’s out of the park !!!It wouldn't matter to some folks if the end result was tens of thousands or more of extra dollars in their pockets, because it was passed by this administration and this congress, it's bad no matter what
clear as mud
"Being a winner is more than getting a first place trophy, it is acting like the effort was an honor and the trophy is just a decoration."
"A successful man is one who can lay a firm foundation with the bricks others have thrown at him"
It's 80% I was wrong.clear as mud
I see where You know Who are admitting to most everyone in the middle class are getting a tax cut, but They, have changed the argument to talk about lost revenue that the schools or infrastructure will no longer get, or how charities will be the big losers of these tax cuts.
Thanos was the hero
The funny thing is that after every tax cut in the past the federal tax revenues have increased. Unfortunately, so has the spending.
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Think TJ been on a veggie fest too long, if he start eating meat again the blood would flow back to his brain
+1
I see you added a plus. Maybe you can explain his "most will be losing on this one"?
I went from a 25% to a 22% tax bracket, should be an extra $4500 In my pocket.
Well, from what I have seen so far, from various media outlets BEFORE the bill was passed, most will get more money back the 1st couple of years, but later on in the 10 yr plan, they will be paying more.
And most only look at tax rate....dropping from lets say 25% to 22% as was mentioned above....but forget to look at the loss of deductions....so even tho you are being taxed at a lower rate, you have less to deduct, so you are actually paying more.
I am personally concerned as I typically have about 20k in itemized deductions, and I am not sure yet how much of that will not be deductible anymore, so I'll have to see.
Last edited by TRCM; 12-31-2017 at 02:40 PM.
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True, everyones situation is different. I've always went with the standard deduction, so now even that is doubled, as with an increase in the child tax credit. No bill if perfect, there will be winners and losers.
Personally believe that no individual OR company should ever have to pay 39%, 35%, or 45%, etc. of what they earn in taxes. That's just wrong, and it will drive jobs out of our country. I would be all in favor of a flat tax rate, everybody pays the same % rate, rich, poor, middle class, corporations, etc. That way we all have skin in the game.
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