2017 GOP Tax Cut & Jobs Act: Republican majorities to vote on extension in 119th Congress before expiration on 12/31/25

[the cac mamba]

image didn't work, do you pay property taxes or have a state income tax that you pay?

That's where they're screwing most people /

i dont know how true this is, tbh. and correct me if im wrong

you can still deduct up to 10k in property tax; most people dont pay more than that. you cant deduct your state taxes anymore, but the individual deduction went up 6 grand. most people dont pay more than 6 grand in state taxes

the people who are about to really get bent over live in NY, cali, NJ and make a couple hundred thousand a year. they got fukkED. but as far as the average american?

 

[MenacingMonk]

Elect a businessman as president Brehs

This is the MAGA people wanted?

 

[wickedsm]

theyll be taking less out of your paychecks starting in january assuming you get a tax cut

i wouldnt count on that.
its gonna take more than 9 days for payroll functions to update with new rules/rates.
accountants and IT people actually take Christmas and New years off too
especially since spring is their busy season [for accountants]

 

[the cac mamba]

i wouldnt count on that.
its gonna take more than 9 days for payroll functions to update with new rules/rates.
accountants and IT people actually take Christmas and New years off too
especially since spring is their busy season [for accountants]

frankly im not counting on anything i dont even know what to believe on this bill until i see it tangibly

 

[CurrencyChase]

image didn't work, do you pay property taxes or have a state income tax that you pay?

That's where they're screwing most people /

Yes i have both. can you link the articles so i can see numbers? Stupid CNN didnteven calculate that.

 

[TheDarceKnight]

I don't know if this is accurate or not.

Calculator: "In 2018, your taxes will go down and your after-tax income will go up 4.1%. Looking to 2027, your taxes will go up, pushing your after-tax income down 0.3%."

http://www.cnn.com/2017/12/13/politics/calculate-americans-taxes-senate-reform-bill/index.html

 

[Mantis Toboggan M.D.]

Elect a businessman as president Brehs

This is the MAGA people wanted?

They wanted white supremacy. This bill all but guarantees it.

 

[wickedsm]

i dont know how true this is, tbh. and correct me if im wrong

you can still deduct up to 10k in property tax; most people dont pay more than that. you cant deduct your state taxes anymore, but the individual deduction went up 6 grand. most people dont pay more than 6 grand in state taxes

the people who are about to really get bent over live in NY, cali, NJ and make a couple hundred thousand a year. they got fukkED. but as far as the average american?

only 7 states dont have income tax.
everybody else does.

property is real estate and automobiles last i filed in va and ct


plus they increased the basic deduction
but took away the per person exemption.

as far as i know they took away the mortgage interest deduction also

the charitible contribution deduction

the excessive medical expenses deduction

the "average american" may get a few bucks out of this [for a a couple of years]

this isnt a win for the "average american"

i mean i know this is the coli where everybody is 6 certs and 6 figures but....

 

[wickedsm]

#maga
wtg dotard voters! wtg!

 

[88m3]

i dont know how true this is, tbh. and correct me if im wrong

you can still deduct up to 10k in property tax; most people dont pay more than that. you cant deduct your state taxes anymore, but the individual deduction went up 6 grand. most people dont pay more than 6 grand in state taxes

the people who are about to really get bent over live in NY, cali, NJ and make a couple hundred thousand a year. they got fukkED. but as far as the average american?

You can still deduct 10k in property taxes and if I read the last updated article correctly possibly include your state/local taxes. Again though 10k in property taxes isn't that out of the norm and the larger negative effects on home values should be kept in mind.
The business insider article I shared recently highlighted the percentage of houses paying over 10k a year in property taxes in some areas and it was in the 50% range. My girl works part time and doesn't make much and has already paid around 5k in local and state taxes so far this year.


I understand people who live in NY, Cali, and NJ aren't real Americans or whatever, Bro, but the bottom rungs of the tax brackets got crumbs tax folks are talking about $60 a year in savings, and they didn't do anything for child care benefits and they're about to ruin their health insurance.




numbers aren't partisan

 

[wickedsm]

Yall all will be getting tax cuts. . . And yall are furious about it.

The media is so damn powerful.

math is so damn powerful.

 

[Uncle Hotep]

When you dont live in NY or california

 

[choc_cardigan]

Yall all will be getting tax cuts. . . And yall are furious about it.

The media is so damn powerful.

What about the individual mandate and ACA? Thoughts?

 

[CreepyMcCreeperson]

I'm so sick of seeing all these white men...and Tim Scott standing on the white house steps every time they pass something

 

[King Static X]

fukk the mandate. fukk the ACA.