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WastelandCowboy 12/20/17 1:46:16 PM #1: |
https://www.npr.org/2017/12/20/572157392/gop-poised-for-tax-victory-after-a-brief-delay
Updated at 12:58 p.m. ET ... Copied to Clipboard!
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WastelandCowboy 12/20/17 1:46:27 PM #2: |
Senate Minority Leader Chuck Schumer predicted that Republicans will "rue the day" they voted for the tax bill. ... Copied to Clipboard!
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LanHikari10 12/20/17 1:46:39 PM #3: |
Can someone give me the tl;dr of what this tax bill actually does?
--- ... Copied to Clipboard!
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Kyuubi4269 12/20/17 1:47:55 PM #4: |
LanHikari10 posted...
Can someone give me the tl;dr of what this tax bill actually does? It lowers virtually everybody's tax. --- RIP_Supa posted... I've seen some stuff ... Copied to Clipboard!
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mastermix3000 12/20/17 1:48:30 PM #5: |
So basically Trump's role in office was fulfilled?
All I know if, this is going to suck for tax accountants who were trying to vacation at this time of year --- RIP in peace Junpei 6/1/17 :( ... Copied to Clipboard!
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Jen0125 12/20/17 1:50:25 PM #6: |
Kyuubi4269 posted...
LanHikari10 posted...Can someone give me the tl;dr of what this tax bill actually does? according to projections only temporarily then most peoples' taxes will go up. except corporations. --- http://i.imgur.com/4ihiyS2.jpg "I am not gay! Can't you get that through your head? I am very much aroused at the site of a naked woman!" - Dan0429 ... Copied to Clipboard!
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Troll_Police_ 12/20/17 2:06:04 PM #7: |
mastermix3000 posted...
So basically Trump's role in office was fulfilled? ah hey im a tax attorney forget about everybody else. forget about jesus christ. forget about all those religions. badaba badabaaaa ba --- Is this going to be one of those times when you pretend not to have a plan until the last moment? And then turn out to really not have one? ... Copied to Clipboard!
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mastermix3000 12/20/17 2:09:29 PM #8: |
LanHikari10 posted...
Can someone give me the tl;dr of what this tax bill actually does? https://www.journalofaccountancy.com/news/2017/dec/tax-reform-bill-changes-for-individuals-201718070.html https://www.journalofaccountancy.com/news/2017/dec/tax-reform-bill-changes-for-businesses-201718071.html --- RIP in peace Junpei 6/1/17 :( ... Copied to Clipboard!
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Kyuubi4269 12/20/17 2:20:41 PM #9: |
Jen0125 posted...
according to projections only temporarily then most peoples' taxes will go up. except corporations. Basically assuming Trump will jack up rates because he's corporatist. I wouldn't rely on projections like that. --- RIP_Supa posted... I've seen some stuff ... Copied to Clipboard!
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RCtheWSBC 12/20/17 2:30:45 PM #10: |
Kyuubi4269 posted...
Basically assuming Trump will jack up rates because he's corporatist. No, it's how the bill was written by Congress...the corporate tax rate reductions were made permanent while the individual tax rate reductions will phase out after some years. --- http://i.imgur.com/1yl1fH0.jpg the White-Sounding Black Chick ... Copied to Clipboard!
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RoboXgp89 12/20/17 2:35:02 PM #11: |
corporations are the last thing that needs tax cuts
we pay taxes, property taxes and then another 10percent when we buy stuff that's basically more then the corporations are being taxed --- Bloodborne's Themes Explored https://www.youtube.com/watch?v=Tv2-IxQ8VTQ ... Copied to Clipboard!
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YahooPoster 12/20/17 2:45:33 PM #12: |
Kyuubi4269 posted...
Jen0125 posted...according to projections only temporarily then most peoples' taxes will go up. except corporations. Someone didn't read the bill. And that someone is Anyways, Dems will be in control by the time the negative effects start to happen. Then the GOP will blame them. Both parties didn't like this bill. A wave of blue will come from it. Democrats just need to keep reminding the people that the GOP did this. --- I post on Yahoo. ... Copied to Clipboard!
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mastermix3000 12/20/17 2:54:11 PM #13: |
RoboXgp89 posted...
corporations are the last thing that needs tax cuts Meh, In theory it SHOULD make sense and everyone better off (Hey, my new job pays less taxes so they hired more people) ---> That is a perfect world What is most likely going to happen: Nothing to the average Joe, and Corporations get more money in their pockets. People in support of this (If you aren't making enough to get the GOOD breaks I don't see why you'd support this unless you plan on getting a huge payout to place you in the effective 1%) try and say that "rich people will spend more and it'll benefit America as a whole" This needs to be stressed though, as it is game changing for the country: RCtheWSBC posted... the corporate tax rate reductions were made permanent while the individual tax rate reductions will phase out after some years. Those years being, after 2025 we (individuals) don't see these reductions anymore. Fun stuff right? YahooPoster posted... Anyways, Dems will be in control by the time the negative effects start to happen. Then the GOP will blame them. Both parties didn't like this bill. A wave of blue will come from it. Democrats just need to keep reminding the people that the GOP did this. QFT. I don't take sides in this bipartisanship but this will totally happen. Just waiting for our inevitable Republican recession --- RIP in peace Junpei 6/1/17 :( ... Copied to Clipboard!
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SmokeMassTree 12/20/17 3:10:16 PM #14: |
--- A.K. 2/14/10 T.C.P. Victorious Champion of the 1st Annual POTd Hunger Games and the POTd Battle Royale Season 3 ... Copied to Clipboard!
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SushiSquid 12/20/17 3:23:17 PM #15: |
Mostly I'm just glad it's not as bad as it could have been. Republican owners (sorry, I mean donors) have been stressing that they needed to pass this or they would cut off funding. It's a piece of shit bill, but it's not as awful as some of the other stuff they've tried doing.
Blowing a hole in the deficit for a tax cut for the rich sucks. Stripping the individual health insurance mandates sucks. Opening the Alaska wildlife refuge to mining and drilling sucks. But overall it could have been much worse. Just remember that this is the first meaningful thing they've done. ... Copied to Clipboard!
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Peterass 12/20/17 3:35:10 PM #16: |
Big fan of the lower corporate tax rate.
--- Everything is awesome ... Copied to Clipboard!
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SushiSquid 12/20/17 5:50:19 PM #17: |
Peterass posted...
Big fan of the lower corporate tax rate. Everyone is. That's the one part they got right. ... Copied to Clipboard!
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Zeus 12/20/17 7:01:22 PM #18: |
Humorously if the economy does improve after this, the same guys who knocked the plan will continue to knock the plan while writing off any improvements as coincidence.
--- (\/)(\/)|-| In Zeus We Trust: All Others Pay Cash ... Copied to Clipboard!
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Jen0125 12/20/17 7:41:53 PM #19: |
Zeus posted...
Humorously if the economy does improve after this, the same guys who knocked the plan will continue to knock the plan while writing off any improvements as coincidence. i mean the projections show short term benefits and then after that taxes increase for pretty much every regular citizen. --- http://i.imgur.com/4ihiyS2.jpg "I am not gay! Can't you get that through your head? I am very much aroused at the site of a naked woman!" - Dan0429 ... Copied to Clipboard!
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knivesX2004 12/20/17 7:50:54 PM #20: |
Trickledown economics doens't work.
It has never worked. It will never work. Literally every economist who knows anything agrees with this. Enjoy getting wrecked on taxes in a few years and then pretending like it's a democrat's fault. ... Copied to Clipboard!
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Zeus 12/20/17 7:57:38 PM #21: |
knivesX2004 posted...
Enjoy getting wrecked on taxes in a few years and then pretending like it's a democrat's fault. What about the last 8 years of getting wrecked on taxes? --- (\/)(\/)|-| In Zeus We Trust: All Others Pay Cash ... Copied to Clipboard!
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eating4fun 12/20/17 8:58:35 PM #22: |
https://en.wikipedia.org/wiki/Starve_the_beast
--- Your palace may last forever, but my yurt can go anywhere. ... Copied to Clipboard!
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knivesX2004 12/20/17 9:25:48 PM #23: |
Zeus posted...
What about the last 8 years of getting wrecked on taxes? What about it? This is shittier. ... Copied to Clipboard!
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DarkRPGMaster 12/20/17 10:47:59 PM #24: |
Zeus posted...
knivesX2004 posted...Enjoy getting wrecked on taxes in a few years and then pretending like it's a democrat's fault. You have to pay for debt somehow, and sadly the Republicans have fought tooth and nail to prevent an increase of the taxes on the rich (who can actually AFFORD to get taxed a lot). They have to please their rich overlords somehow I guess. <_< --- PSN RyuDragnier, Pawn Kyna, Ranger lvl 29. ... Copied to Clipboard!
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Troll_Police_ 12/20/17 11:32:07 PM #25: |
member when obama doubled the national debt and the dems were just like "meh it doesnt matter"
i member --- Is this going to be one of those times when you pretend not to have a plan until the last moment? And then turn out to really not have one? ... Copied to Clipboard!
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Troll_Police_ 12/20/17 11:32:45 PM #26: |
DarkRPGMaster posted...
Zeus posted...knivesX2004 posted...Enjoy getting wrecked on taxes in a few years and then pretending like it's a democrat's fault. or tax the fuck out of them and cry when they all leave for a friendlier environment with all the money --- Is this going to be one of those times when you pretend not to have a plan until the last moment? And then turn out to really not have one? ... Copied to Clipboard!
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ANation 12/20/17 11:42:39 PM #27: |
Almost everything that is wrong with America today is because of Ronald Reagan.
--- ANation divided. I'm proud to say that I voted for Donald Trump. ... Copied to Clipboard!
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ZBug_ 12/21/17 12:16:10 AM #28: |
LanHikari10 posted...
Can someone give me the tl;dr of what this tax bill actually does? The rich will become richer. --- "I've never in my life wanted to punch a girl like I want to right now" - Light Yagami NNID: LLBCrook - PSN: ZBugCrook ... Copied to Clipboard!
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DarkRPGMaster 12/21/17 1:33:30 AM #29: |
Troll_Police_ posted...
DarkRPGMaster posted...Zeus posted...knivesX2004 posted...Enjoy getting wrecked on taxes in a few years and then pretending like it's a democrat's fault. Most countries tax the rich worse than we do. I believe You could tax somebody who makes $100 million a year at 50% and they'd still have $50 million a year, more than most people will ever make or see in their lives. They literally can monetarily handle being taxed by large amounts, and all that money could easily go for paying for pretty much everything in the country. --- PSN RyuDragnier, Pawn Kyna, Ranger lvl 29. ... Copied to Clipboard!
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Troll_Police_ 12/21/17 12:22:36 PM #30: |
DarkRPGMaster posted...
Troll_Police_ posted...DarkRPGMaster posted...Zeus posted...knivesX2004 posted...Enjoy getting wrecked on taxes in a few years and then pretending like it's a democrat's fault. all of these things that they can do, but wont do. and yeah, many countries do tax the rich more heavily, and there is a reason those countries dont have a lot of rich people, because there are plenty of others out there that DONT tax them heavily --- Is this going to be one of those times when you pretend not to have a plan until the last moment? And then turn out to really not have one? ... Copied to Clipboard!
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Nomak-54 12/21/17 12:29:59 PM #31: |
Admittedly, I haven't been following too much. I don't understand how it will bounce back and people will start pay higher taxes again, what's the reasoning behind that?
--- "~Your posture's blocking out any possible light~" - Alvvays http://i.imgur.com/rNCkhGc.gif http://i.imgur.com/BRGmYpZ.gif ... Copied to Clipboard!
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Smarkil 12/21/17 12:46:38 PM #32: |
DarkRPGMaster posted...
Troll_Police_ posted...DarkRPGMaster posted...Zeus posted...knivesX2004 posted...Enjoy getting wrecked on taxes in a few years and then pretending like it's a democrat's fault. Uh. No it couldn't. You could tax everyone making more than 1 million 100% and they'd only be bringing in ~600 billion. --- "We're not even close" - Romans building Rome at the end of Day 1 ... Copied to Clipboard!
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