There was a guy on here that was working with Brady on tax reform, I tried to find the thread but couldn't. Well, what do you think of the BIG 6 tax plan? Looks like the middle class folk like me are still gonna be gettin the big stick. I'm taxed at 26% now, what a feeling 1% will be. I haven't seen what the ranges for the brackets are going to be but I'm just assuming the middle class is going to be forgotten about again. New brackets will be 12%, 25%, and 35%
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Kevin Brady's buddy..
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You don't know what the breakdown is yet of what income qualifies for which bracket. We are also being told that the AMT is doubling, which essentially will double the amount of "pre tax" income for people. And if you are self employed or in a partnership, it looks like the tax rate is going down. Don't be so quick to judge. We don't know how this will play out yet for the middle class. Or anyone else
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In my 71.5 years of life and over 50 years of it paying the fiddler I can't ever recall my taxes going down. With all the smoke and mirrors I don't expect this to be any different in the long run. I did get a net $4 a month raise last time on SS check. Of course inflation took a $200 a month bite out of that so I ended up in the red again.
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Forgive me if I don't rejoice. Short of a small handful of Republicans, the entire lot is back-stabbing criminals. As citizens, it is not our obligation to trust politicians. Politicians should fear the average citizen the way average citizens fear the IRS. There is a vast disconnect from the original intent of our founders regarding our "representatives". They act more like members of a Monarchy rather than a tool in a representative republic.
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Originally posted by muzzlebrake View PostOf course inflation took a $200 a month bite out of that so I ended up in the red again.Last edited by sir shovelhands; 09-28-2017, 10:41 AM.
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Originally posted by AZST_bowhunter View PostThere was a guy on here that was working with Brady on tax reform, I tried to find the thread but couldn't. Well, what do you think of the BIG 6 tax plan? Looks like the middle class folk like me are still gonna be gettin the big stick. I'm taxed at 26% now, what a feeling 1% will be. I haven't seen what the ranges for the brackets are going to be but I'm just assuming the middle class is going to be forgotten about again. New brackets will be 12%, 25%, and 35%
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Originally posted by Clay C View PostPretty sure you are talking about Landrover. From what I know from this site he's a good dude. Happy to know one of our own has the ear of one of our representatives.
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Originally posted by AZST_bowhunter View PostThat's who I thought it was. I want to know how this compares to what him and Brady talked about a couple weeks ago. I'm sure he will be around in a little while.
AMT was not mentioned and the rates were much better/lower. Obviously, nothing was in stone in that visit but the parameters of making real changes is still the same. WE (all Americans) can agree the IRS is a mess and the tax basis is skewed severely in the wrong direction for the majority of Americans...........middle/upper middle class! This is still evolving and will be interesting to watch. I can only hope for the best as I don't have much faith "overall" in the process. Positive "Baby Steps" will make a world of difference in the taxing process. YES, there will be winners and losers.............it is politics!
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I had heard one of the big things in this new tax plan was going to be the fed not compensating high state taxes to relieve the tax burden on citizens. This would be California New York etc. So all those people are going to be hit in the wallet by an extra 6% or so, and it should shake up a lot of that liberal death grip.
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Originally posted by GatorBait View PostI had heard one of the big things in this new tax plan was going to be the fed not compensating high state taxes to relieve the tax burden on citizens. This would be California New York etc. So all those people are going to be hit in the wallet by an extra 6% or so, and it should shake up a lot of that liberal death grip.
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Is that on the itemized deduction? Just curious, we just purchased our second home, and are renting out our other home. I don't recall getting any deductions on my taxes for that. I do agree with you on us always being the ones to carry the burden though. Too many embedded interests influencing our "representatives "
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