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Old 12-02-2017, 04:32 AM   #1
500mag
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Default $1.4 Trillion, Now We're Talking

I decided to take a quick break from studying for next week's engineering finals, and I'm sure glad I did.



http://www.foxnews.com/politics/2017...m-package.html
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Old 12-02-2017, 05:25 AM   #2
Atfulldraw
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close....really close
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Old 12-02-2017, 05:31 AM   #3
stickemhard3
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Nancy Pelosi hates it. That's enough to make me like it!!
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Old 12-02-2017, 08:11 AM   #4
Pullersboy
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Nancy Pelosi hates it. That's enough to make me like it!!
That lady is a nut. As if she wasn't a super lib to begin with, over the last few years, she has really just lost her marbles. She can't even put together a coherent thought.
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Old 12-02-2017, 08:20 AM   #5
bphillips
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Seems like I’ll have the same rate and less deductions. Not sure what good I would see from it
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Old 12-02-2017, 08:21 AM   #6
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over the last few years, she has really just lost her marbles. She can't even put together a coherent thought.
Yes and still running things...lets keep it that way.
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Old 12-02-2017, 08:24 AM   #7
HoustonHunter
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That lady is a nut. As if she wasn't a super lib to begin with, over the last few years, she has really just lost her marbles. She can't even put together a coherent thought.
Last FEW years? Sheeeeet...
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Old 12-02-2017, 08:25 AM   #8
stickemhard3
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That lady is a nut. As if she wasn't a super lib to begin with, over the last few years, she has really just lost her marbles. She can't even put together a coherent thought.
If I wrote what I really think about her, I would be sent to the icebox.
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Old 12-02-2017, 08:47 AM   #9
txjustin
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Seems like Iíll have the same rate and less deductions. Not sure what good I would see from it
If you don't itemize now you'll have double the standard deduction.
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Old 12-02-2017, 08:51 AM   #10
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Not sure this is going to help me either year to year. Outside Sales.....so, there could be a $25,000 difference or more/less that could throw me either way even after deductions. I looked up my deductions from 2016 and they were much more than the proposed $24,000 flat rate. That particular year would not have helped. Is there something else I am missing here or is this pretty well spelled out?
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Old 12-02-2017, 08:51 AM   #11
mikeyb_23
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Whats considered middle class now? How is it going to really help the middle class?
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Old 12-02-2017, 09:03 AM   #12
rtp
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Whats considered middle class now? How is it going to really help the middle class?
What we consider middle class is considered rich by our govt for taxation purposes.
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Old 12-02-2017, 10:23 AM   #13
bphillips
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If you don't itemize now you'll have double the standard deduction.
Guess I missed that

Iíll still be surprised if this is any good in the long run. Seems both sides donít really have the peoples best interest at heart. Iím sure it will help corporations plenty. The increase in revenue covering the amount of cuts provided seems like a stretch but I guess itís possible
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Old 12-02-2017, 11:28 AM   #14
zztex
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Originally Posted by mikeyb_23 View Post
Whats considered middle class now? How is it going to really help the middle class?
24,000 (married standard deduction)
-12,700 (previous standard deduction)
=+11,300
-8100 (no longer personal deduction)
=+3300 (more deduction)
X25% (tax bracket)
=+$825 in your pocket
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Old 12-04-2017, 01:38 PM   #15
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so does this take effect this upcoming filing season?
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Old 12-04-2017, 01:53 PM   #16
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so does this take effect this upcoming filing season?
Good question was wondering the same thing.
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Old 12-04-2017, 02:05 PM   #17
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Good question was wondering the same thing.
that would be sweet wouldn't it! lol
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Old 12-04-2017, 02:11 PM   #18
zztex
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so does this take effect this upcoming filing season?
Would start 2018
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Old 12-04-2017, 02:15 PM   #19
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that's kinda what I figured... darn
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