Going through the details of this. Appears to be a big winner. Basically anyone who pays taxes will be receiving a cut.
What say you? This going to make you pay less taxes? Do you support the bill? If not, why?
Try to leave the emotion at the door
Going through the details of this. Appears to be a big winner. Basically anyone who pays taxes will be receiving a cut.
What say you? This going to make you pay less taxes? Do you support the bill? If not, why?
Try to leave the emotion at the door
I’m sure 57 will post some tweets about how horrible it is and goldy with say something about the orange man and how pitiful the tax bill is.
I’m not an accountant but what’s wrong with having a flat tax for every single person in the country, regardless of income?
I really like where the bill ended up. Seems like everybody got a help out with this bill in the end.
Also, I am very happy with Rubio and Lee for sticking to their guns to keep the child tax credit. That will help out a lot of low income families.
BedellBrave (12-16-2017)
Can't wait to hear about how evil this bill is because of the increase in the second tax braket and elimination of the personal exemption.
Why do you guys support killing people?
Just had that brief argument with Super. The amount of brainwashing the media and education system does in this country is unprecedented. This tax bill is going to help the overwhelming majority of Americans. And that is just the bill itself and the direct impacts it has on your taxable obligation. But further, the residual impact this is going to have on jobs and dividends is immense. I just don't see how people can't see it.
Black unemployment at historic lows
Hispanic unemployment at historic lows
Overall unemployment at historic lows
Why don't people see what is going on here? Why can't issues be debated? It always devolves into, "Trump is an awful human being and is a racist. Oh yeah, he colluded with Russia. Oh, people have jobs now and are making more money? Irrelevant. RUSSIA!!!"
Natural Immunity Croc
It would certainly be fairer. But the left prefers to discriminate based on earnings.
It would also require non paying citizens to have to actually contribute. That's a non starter for many.
My preference in order:
1. 0% income tax on everyone
2. Everyone pays the same $ amount
3. Everyone pays the same % amount, eliminating brackets
4. National sales tax
5. Our current system
Need more time to research, but with what I've been reading thus far about the final bill, so far, I'm cautiously supportive.
thethe (12-16-2017)
I would only tax "social bads." Tobacco is one. But the big one is carbon emissions. I wonder how the public would respond if it was offered the elimination of all other taxes to be entirely replaced by one on carbon emissions. As a practical matter there would have to be a gradual phase-in. As a political matter, some mechanism would have to be found to "compensate" people who live in parts of the country that require more driving. But it is simple and elegant and minimizes the negative incentives to work that taxes on income and payrolls have.
"I am a victim, I will tell you. I am a victim."
"I am your retribution."