Author Topic: Tax cut Passes 51-48  (Read 1494 times)

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Offline Libertas

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Online IronDioPriest

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Re: Tax cut Passes 51-48
« Reply #1 on: December 20, 2017, 09:12:50 AM »
Well, according to the Dems, we're all gonna die now. So... nice knowin' ya. Have fun spending your cash before you go.
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Offline Pablo de Fleurs

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Re: Tax cut Passes 51-48
« Reply #2 on: December 20, 2017, 11:40:51 AM »
Well, according to the Dems, we're all gonna die now. So... nice knowin' ya. Have fun spending your cash before you go.

I'm spending mine, uhm...wisely...

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Offline Pablo de Fleurs

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Re: Tax cut Passes 51-48
« Reply #3 on: December 20, 2017, 12:54:14 PM »
Recently seen: Barry Soetoro waving "bye-bye" to the Individual Mandate (as he reportedly leaves for a man-date)..

2 Timothy 1:7
For God did not give us a spirit of timidity, but of power & of love and of calm, a well-balanced mind, discipline and self-control.

Offline Libertas

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Re: Tax cut Passes 51-48
« Reply #4 on: December 20, 2017, 01:01:52 PM »
Well, according to the Dems, we're all gonna die now. So... nice knowin' ya. Have fun spending your cash before you go.

 ::whoohoo::
Irrumabo!  GOP? - Nope. No more. They made their bed, now let them die in it.*
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Offline Libertas

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Re: Tax cut Passes 51-48
« Reply #5 on: December 20, 2017, 01:03:02 PM »
Recently seen: Barry Soetoro waving "bye-bye" to the Individual Mandate (as he reportedly leaves for a man-date)..



Here's to hoping he trips going down the stairs at the non-binary club and hits every effing step on the way down!   ::beertoast::

PS-If for some reason he survives the fall...CNN has a gig for him...

http://iotwreport.com/ho-ho-ho-cnn-promotes-childrens-book-that-portrays-santa-as-a-gay-black-man/

...after all, how many black dudes like it up the chimney?  ::laughonfloor::
« Last Edit: December 20, 2017, 01:29:36 PM by Libertas »
Irrumabo!  GOP? - Nope. No more. They made their bed, now let them die in it.*
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Offline Libertas

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« Last Edit: December 20, 2017, 01:49:07 PM by Libertas »
Irrumabo!  GOP? - Nope. No more. They made their bed, now let them die in it.*
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Online Pandora

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Re: Tax cut Passes 51-48
« Reply #7 on: December 20, 2017, 04:18:20 PM »
And killed Obongocare's individual mandate.  FINALLY.
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Online patentlymn

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Re: Tax cut Passes 51-48
« Reply #8 on: December 20, 2017, 06:45:51 PM »
It looks like high earners in high tax states like NY and CA will not be able to deduct as much of their state and local taxes. Trump will not get their votes next time! Oh wait, they always vote Democrat! Never mind.




Nice summary
https://www.bloomberg.com/news/articles/2017-12-18/everything-you-need-to-know-about-the-gop-tax-overhaul-plan

A Quick Guide to the GOP Tax Plan
Bloomberg News
December 18, 2017, 3:32 PM CST
...
Individual State and Local Tax Deductions

Current law: Individuals can deduct the state and local taxes they pay, but the value is subject to certain limits for high earners.

Proposed: Individuals can deduct no more than $10,000 worth of the deductions, which could include a combination of property taxes and either sales or income taxes.
Mortgage Interest Deduction

Current law: Deductible mortgage interest is capped at loans of $1 million.

Proposed: Deductible mortgage interest for new purchases of first or second homes would be capped at loans of $750,000 starting on Jan. 1, 2018.
...


Possible work arounds
https://www.bloomberg.com/news/articles/2017-12-18/finance-gurus-devise-funky-workarounds-to-loss-of-salt-deduction
These Are the Tricks States May Use to Get Around the SALT Deduction
By Patrick Clark
December 18, 2017, 6:00 AM CST
    New York, California and New Jersey face some tax hikes
    There’s precedent for plan to keep resources in states


https://www.bloomberg.com/news/articles/2017-12-20/inside-wall-street-s-towers-traders-grouse-over-trump-tax-plan
Inside Wall Street's Towers, Traders Grouse Over Trump Tax Plan
By Laura J Keller
, Ben Steverman
, and Max Abelson
December 20, 2017, 4:00 AM CST


Mortgage Interest Cap Impact by County
http://www.zerohedge.com/sites/default/files/images/user230519/imageroot/2017/12/20/2017.12.20%20-%20Mortgage.jpg

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Offline Libertas

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Re: Tax cut Passes 51-48
« Reply #9 on: December 21, 2017, 07:49:34 AM »
News just keeps getting better!

Wallstreeters, those Clinton-funding asshats...hate this tax bill...

Well, good thing an escape from responsibility can be easily afforded...ridiculously affordable for these thieves!

http://www.zerohedge.com/news/2017-12-20/heres-how-philippines-became-world-leader-helping-westerners-fake-their-deaths

And now we could have a government shutdown right in time for Christmas!

http://www.zerohedge.com/news/2017-12-21/republican-squabbling-could-force-government-shutdown-weekend

Ho! Ho! Ho!   ::whoohoo::
Irrumabo!  GOP? - Nope. No more. They made their bed, now let them die in it.*
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Offline Libertas

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Re: Tax cut Passes 51-48
« Reply #10 on: December 21, 2017, 08:38:26 AM »
And killed Obongocare's individual mandate.  FINALLY.



https://twitter.com/Getaclue77/status/943650695462379521/photo/1

I also love this #ResistTheRefund movement to troll libiots with!!!   ::laughonfloor::
Irrumabo!  GOP? - Nope. No more. They made their bed, now let them die in it.*
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Online patentlymn

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Re: Tax cut Passes 51-48
« Reply #11 on: December 21, 2017, 10:52:59 AM »

Tax summary of Silicon Valley person making $500K per year etc. $30K tax increase, 27% tax increase under new tax law.

http://www.zerohedge.com/news/2017-12-21/who-feels-tax-sting
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Offline Libertas

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Re: Tax cut Passes 51-48
« Reply #12 on: December 21, 2017, 11:36:05 AM »
 ::ohno::
Irrumabo!  GOP? - Nope. No more. They made their bed, now let them die in it.*
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Online patentlymn

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Re: Tax cut Passes 51-48
« Reply #13 on: December 21, 2017, 12:58:54 PM »

Mannhattan Contrarian does a rough calculation on the effect of tax changes for someone making $2 million per year living in NYC.
http://manhattancontrarian.com/blog/2017/12/6/hyhosqfvil9wtnn0i5934hog5xq1je
"The Rich" Figure Out That The Tax Bill Is Not A Big Giveaway To Them
December 06, 2017/ Francis Menton

The famous Central Newsroom of Progressive Groupthink, located beneath Times Square, has been hard at work the past few months coming up with the official party line and talking point to deal with the tax bill making its way through the Republican-controlled Congress.  And, if you have been even close to awake during this time, you know what the officially-issued line and talking point is: This is a "massive giveaway to the rich."
...


Net, this is going to cost you $100,000 or more per year on your income tax bill. The value of your home could also suffer some serious negative impact from the loss of the interest and income and property tax deductions. 

How again is this a "giveaway to the rich"?
When the law becomes a ruse, lawlessness becomes legitimate. -unknown

Offline Libertas

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Re: Tax cut Passes 51-48
« Reply #14 on: December 22, 2017, 06:36:57 AM »

Mannhattan Contrarian does a rough calculation on the effect of tax changes for someone making $2 million per year living in NYC.
http://manhattancontrarian.com/blog/2017/12/6/hyhosqfvil9wtnn0i5934hog5xq1je
"The Rich" Figure Out That The Tax Bill Is Not A Big Giveaway To Them
December 06, 2017/ Francis Menton

The famous Central Newsroom of Progressive Groupthink, located beneath Times Square, has been hard at work the past few months coming up with the official party line and talking point to deal with the tax bill making its way through the Republican-controlled Congress.  And, if you have been even close to awake during this time, you know what the officially-issued line and talking point is: This is a "massive giveaway to the rich."
...


Net, this is going to cost you $100,000 or more per year on your income tax bill. The value of your home could also suffer some serious negative impact from the loss of the interest and income and property tax deductions. 

How again is this a "giveaway to the rich"?

AKA -  

 ::laughonfloor::
Irrumabo!  GOP? - Nope. No more. They made their bed, now let them die in it.*
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Offline Libertas

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Re: Tax cut Passes 51-48
« Reply #15 on: December 22, 2017, 09:49:43 AM »
The sound of weeping Progs is everywhere...

https://youtu.be/x_8YTa_-hZw
Irrumabo!  GOP? - Nope. No more. They made their bed, now let them die in it.*
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Offline Pablo de Fleurs

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Re: Tax cut Passes 51-48
« Reply #16 on: December 22, 2017, 12:48:15 PM »
2 Timothy 1:7
For God did not give us a spirit of timidity, but of power & of love and of calm, a well-balanced mind, discipline and self-control.

Offline Libertas

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Re: Tax cut Passes 51-48
« Reply #17 on: December 22, 2017, 02:13:32 PM »
 ::thumbsup::

Let the weeping and gnashing begin!!! 



« Last Edit: December 22, 2017, 02:17:54 PM by Libertas »
Irrumabo!  GOP? - Nope. No more. They made their bed, now let them die in it.*
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Offline Libertas

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Offline AlanS

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Re: Tax cut Passes 51-48
« Reply #19 on: December 24, 2017, 09:34:58 AM »
I may have to set up a twitter account just to follow James Woods. He's pretty awesome.
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