It's About Liberty: A Conservative Forum

Topics => Politics/Legislation/Elections => Topic started by: Libertas on December 20, 2017, 07:35:33 AM

Title: Tax cut Passes 51-48
Post by: Libertas on December 20, 2017, 07:35:33 AM
https://www.bloomberg.com/news/articles/2017-12-20/senate-sends-gop-s-1-5-trillion-tax-cut-to-house-for-final-vote (https://www.bloomberg.com/news/articles/2017-12-20/senate-sends-gop-s-1-5-trillion-tax-cut-to-house-for-final-vote)
Title: Re: Tax cut Passes 51-48
Post by: IronDioPriest 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.
Title: Re: Tax cut Passes 51-48
Post by: Pablo de Fleurs 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...

(http://ichef-1.bbci.co.uk/news/1024/cpsprodpb/17865/production/_86675369_coffin-think-976.jpg)
Title: Re: Tax cut Passes 51-48
Post by: Pablo de Fleurs 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)..

(http://images.nymag.com/images/2/daily/2011/02/oibama_90623008.jpg)
Title: Re: Tax cut Passes 51-48
Post by: Libertas 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::
Title: Re: Tax cut Passes 51-48
Post by: Libertas 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)..

(http://images.nymag.com/images/2/daily/2011/02/oibama_90623008.jpg)

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/ (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::
Title: Re: Tax cut Passes 51-48
Post by: Libertas on December 20, 2017, 01:18:10 PM
It also allows oil drilling in the Arctic National Wildlife Refuge. (https://apnews.com/2d9e099660064f2b8a8fc2237b4e7e4e/It's-a-done-deal:-Congress-wraps-up-massive-tax-package)

 ::whoohoo::

(https://uploads.disquscdn.com/images/02abfc98164831d8c542e13d10f70e15875d3e4e8b7d1aff0aed31a7b1fd942d.gif)

(https://i.imgbox.com/sx0OiuXK.gif)

(https://images2.imgbox.com/ba/25/febC8Zn0_o.jpg)

(https://i.imgbox.com/AzcpthNL.gif)

(https://i.imgbox.com/gSUlrRzx.gif)
Title: Re: Tax cut Passes 51-48
Post by: Pandora on December 20, 2017, 04:18:20 PM
And killed Obongocare's individual mandate.  FINALLY.
Title: Re: Tax cut Passes 51-48
Post by: patentlymn 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 (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 (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 (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 (http://www.zerohedge.com/sites/default/files/images/user230519/imageroot/2017/12/20/2017.12.20%20-%20Mortgage.jpg)

Title: Re: Tax cut Passes 51-48
Post by: Libertas 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 (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 (http://www.zerohedge.com/news/2017-12-21/republican-squabbling-could-force-government-shutdown-weekend)

Ho! Ho! Ho!   ::whoohoo::
Title: Re: Tax cut Passes 51-48
Post by: Libertas on December 21, 2017, 08:38:26 AM
And killed Obongocare's individual mandate.  FINALLY.

(https://pbs.twimg.com/media/DRiFThFVoAAQFxP.jpg)

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

I also love this #ResistTheRefund movement to troll libiots with!!!   ::laughonfloor::
Title: Re: Tax cut Passes 51-48
Post by: patentlymn 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 (http://www.zerohedge.com/news/2017-12-21/who-feels-tax-sting)
Title: Re: Tax cut Passes 51-48
Post by: Libertas on December 21, 2017, 11:36:05 AM
 ::ohno::
Title: Re: Tax cut Passes 51-48
Post by: patentlymn 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 (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"?
Title: Re: Tax cut Passes 51-48
Post by: Libertas 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 (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 -   (https://images2.imgbox.com/6f/d6/bzLI0J4B_o.jpg)

 ::laughonfloor::
Title: Re: Tax cut Passes 51-48
Post by: Libertas on December 22, 2017, 09:49:43 AM
The sound of weeping Progs is everywhere...

https://youtu.be/x_8YTa_-hZw
Title: Re: Tax cut Passes 51-48
Post by: Pablo de Fleurs on December 22, 2017, 12:48:15 PM
The sound of weeping Progs is everywhere...

https://youtu.be/x_8YTa_-hZw (https://youtu.be/x_8YTa_-hZw)

Signed. Sealed. Delivered (http://www.dailymail.co.uk/news/article-5206311/Trump-signs-tax-cuts-bill-government-open.html).

(https://apologeticsworkshop.files.wordpress.com/2017/12/tax-cut-signing.png)
Title: Re: Tax cut Passes 51-48
Post by: Libertas on December 22, 2017, 02:13:32 PM
 ::thumbsup::

Let the weeping and gnashing begin!!! 

(https://uploads.disquscdn.com/images/c8d76321151bccd42a4187e72fc031736642c62d0071da3a34c4152323f327a1.jpg)

(https://images2.imgbox.com/88/19/Hg3TO8N6_o.jpg)
Title: Re: Tax cut Passes 51-48
Post by: Libertas on December 22, 2017, 03:43:40 PM
Bwuuuhaahaaaa!!!!

http://www.thegatewaypundit.com/2017/12/james-woods-slams-pompous-blowhard-nevertrumper-bill-kristol-attacking-trumps-tax-bill/ (http://www.thegatewaypundit.com/2017/12/james-woods-slams-pompous-blowhard-nevertrumper-bill-kristol-attacking-trumps-tax-bill/)

(https://images3.imgbox.com/ad/d5/gRwJUgYo_o.gif)
Title: Re: Tax cut Passes 51-48
Post by: AlanS 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.
Title: Re: Tax cut Passes 51-48
Post by: Libertas on December 24, 2017, 01:54:18 PM
He is a hoot.   ::thumbsup::

The weeping and gnashing over this imperfect plan (perfect would have been a massive reduction in the deficit by defunding/closing departments wholesale and massively reducing others!) but the good news keeps rolling!

More companies passing along the good cheer -

http://www.wnd.com/2017/12/the-big-list-of-tax-cut-payoffs/ (http://www.wnd.com/2017/12/the-big-list-of-tax-cut-payoffs/)

...progs are in the hilarious position of demonizing "giving" during the most notable season for it!
Title: Re: Tax cut Passes 51-48
Post by: ToddF on December 25, 2017, 05:49:47 PM
Bwuuuhaahaaaa!!!!

http://www.thegatewaypundit.com/2017/12/james-woods-slams-pompous-blowhard-nevertrumper-bill-kristol-attacking-trumps-tax-bill/ (http://www.thegatewaypundit.com/2017/12/james-woods-slams-pompous-blowhard-nevertrumper-bill-kristol-attacking-trumps-tax-bill/)

(https://images3.imgbox.com/ad/d5/gRwJUgYo_o.gif)

That will get you banned from Powerline for making Scott Johnson wet his Dartmouth onsies.
Title: Re: Tax cut Passes 51-48
Post by: Pandora on December 25, 2017, 06:00:52 PM
Meh to Bill Krystal, Scott Johnson and his Dartmouth snowflakiness.
Title: Re: Tax cut Passes 51-48
Post by: Libertas on December 26, 2017, 09:38:16 AM
Bwuuuhaahaaaa!!!!

http://www.thegatewaypundit.com/2017/12/james-woods-slams-pompous-blowhard-nevertrumper-bill-kristol-attacking-trumps-tax-bill/ (http://www.thegatewaypundit.com/2017/12/james-woods-slams-pompous-blowhard-nevertrumper-bill-kristol-attacking-trumps-tax-bill/)

(https://images3.imgbox.com/ad/d5/gRwJUgYo_o.gif)

That will get you banned from Powerline for making Scott Johnson wet his Dartmouth onsies.

Well, like Yogi said...it'll be like deja vu all over again...

I can put star on my P-L campaign ribbon.

Besides...these Ivy League establishment dandies have no idea where they truly reside on the food chain of of tomorrow...

(https://images2.imgbox.com/4a/33/kecVfWqd_o.jpg)
Title: Re: Tax cut Passes 51-48
Post by: Libertas on December 26, 2017, 10:15:17 AM
Speaking of idiots...here's another one...

(http://i.dailymail.co.uk/i/pix/2017/12/25/23/4790CE9F00000578-0-image-a-6_1514244509020.jpg)

Robby Strong, LA LA Land Psychobabbler - 'What I did, I would like to compare to what Jesus did when he went into a temple and overturned the tables of money-changers, who were exploiting the people financially in the name of religion,'

http://www.dailymail.co.uk/news/article-5212017/Man-identified-man-sent-Mnuchin-box-manure.html#ixzz52NrXmCTI (http://www.dailymail.co.uk/news/article-5212017/Man-identified-man-sent-Mnuchin-box-manure.html#ixzz52NrXmCTI)

 ::hysterical::

Yup, totally back-asswards!  But all Prog Drones are that way...when they try to apply something that looks like thinking to their brainless hive-mind responses it often provides rich comedy!

This idiot has no idea that the money-changers he speaks off were ripping off the people, kicking much of the skimming back to the Temple Priests and everybody paid tribute to the Romans!  What Trump did would be more comparable to the Romans returning tributes to the people.

If this ignorant sack of scat wanted to go after people scamming the system...he would soon find himself going to war against those he now bends the knee to!!!  Chief among them the Clinton Foundation laundering scheme and the DNC slush fund!  But no, wallow in ignorance and relish your moment in the limelight...even if that light illuminates nothing but your stupendous stupidity and hypocrisy!
Title: Re: Tax cut Passes 51-48
Post by: Libertas on December 26, 2017, 10:52:10 AM
And killed Obongocare's individual mandate.  FINALLY.

This is hilarious.

https://www.washingtonpost.com/national/health-science/republicans-knock-holes-in-affordable-care-act-but-dont-deliver-a-knockout-punch/2017/12/22/29352684-e735-11e7-a65d-1ac0fd7f097e_story.html?utm_term=.8ba33fe0d672 (https://www.washingtonpost.com/national/health-science/republicans-knock-holes-in-affordable-care-act-but-dont-deliver-a-knockout-punch/2017/12/22/29352684-e735-11e7-a65d-1ac0fd7f097e_story.html?utm_term=.8ba33fe0d672)

DemonRats think this actually strengthens their chances in 2018!

 ::laughonfloor::

It still has a heartbeat, we can save it!

 ::hysterical::

They actually think running on ObamaCare, again, is a "winning" strategy!

 ::rolllaughing::

It does not matter the issue!  The only way Pubbies can be defeated is if they keep up the war against us and keep putting idiots like Jones in office.  They will kill themselves, they cannot help it, they are incapable of discovering wisdom and too stubborn to let go of their establishment crutches...they will walk willingly into the tar pit and think to their last breath they are noble creatures...

So the Left can claim whatever mandate they can invent, it doesn't matter...they are like hyena's seizing a long dead rotted carcass and crowing about their huge victory!

Congratulations scavengers...what will you do when there are no more carcasses to claim?
Title: Re: Tax cut Passes 51-48
Post by: Libertas on December 28, 2017, 07:57:32 AM
I'm starting to like a lot of the stuff coming out of the tax bill.

One item is this property tax cap.

https://www.yahoo.com/news/long-lines-tax-offices-homeowners-try-beat-hike-174906507.html (https://www.yahoo.com/news/long-lines-tax-offices-homeowners-try-beat-hike-174906507.html)

IRS is saying the notices for 2018 taxes due have to be in hand, no pre-paying on a guess.  For most people the $10k cap is not a big deal...

But as this ZH post shows, most of the hits are deep in Blue areas!

(http://www.zerohedge.com/sites/default/files/images/user230519/imageroot/2017/12/27/2017.12.27%20-%20Zip%20Codes%205_0.jpg)

https://www.zerohedge.com/news/2017-12-27/these-7-counties-account-75-top-100-priciest-zip-codes-country (https://www.zerohedge.com/news/2017-12-27/these-7-counties-account-75-top-100-priciest-zip-codes-country)

Looks like Trump found a way to pull a reverse-repatriation on wealthy progs!   ;D

Sure, some wealthy folks who might even be nominally conservative or libertarian will be impacted by the cap...and interestingly enough big property folks like Trump himself...but perhaps a small price to pay to stick it to a lot of progs getting fat over the Straight Cash Homie years of B Hussein O!

On the wealth retention front the gift/estate tax exemption doubles, which will help small business people and entreprenuers more than the less numerous super-rich.

Some legal fees if known should be advanced in 2017 while asset purchases (vehicles) should be delayed until the new year when some favorable depreciation changes can take effect and the Sec179 limit starts to rise.

Standard deductions go up right away, personal exemptions phase out by 2025.

Child tax credits double.

Medical expense hurdle for itemizers drops to 7.5% of AGI (I know that one will help my folks!).

Links -

http://anderscpa.com/tax-cuts-and-jobs-act-individuals/ (http://anderscpa.com/tax-cuts-and-jobs-act-individuals/)

https://www.mizehouser.com/tax/will-recently-passed-tax-bill-impact-individuals-businesses/ (https://www.mizehouser.com/tax/will-recently-passed-tax-bill-impact-individuals-businesses/)



Title: Re: Tax cut Passes 51-48
Post by: paulh on December 28, 2017, 12:25:39 PM
Most of my customers real estate tax is in excess of 20K. They all vote GOP. So they like I live in a blue state but a bright red county  ::pullhair::
Title: Re: Tax cut Passes 51-48
Post by: Libertas on January 11, 2018, 07:41:19 AM
More Prog head-poppin' news...WalMart raises wages, credits Trump Tax Bill.

https://www.bloomberg.com/news/articles/2018-01-11/wal-mart-raises-u-s-hourly-wage-to-11-in-wake-of-tax-overhaul (https://www.bloomberg.com/news/articles/2018-01-11/wal-mart-raises-u-s-hourly-wage-to-11-in-wake-of-tax-overhaul)

 ::ohno::  Progs are gasping for air!

 ;D
Title: Re: Tax cut Passes 51-48
Post by: Libertas on January 12, 2018, 07:18:32 AM
Just when you think they can't possibly sink lower into stupid...they do just that...

Companies giving bonuses to employees in the wake of the Trump Tax Cuts..."It’s so pathetic."- Nasty Pelosi

Yeah...sucks because it works...and upsets 8 years of crushing people into the dirt while you lined the pockets of cronies while getting kickbacks into your campaign coffers...

Your bitching means America is winning!   ::whoohoo::

Title: Re: Tax cut Passes 51-48
Post by: richb on January 12, 2018, 03:41:21 PM
Just when you think they can't possibly sink lower into stupid...they do just that...

Companies giving bonuses to employees in the wake of the Trump Tax Cuts..."It’s so pathetic."- Nasty Pelosi

Yeah...sucks because it works...and upsets 8 years of crushing people into the dirt while you lined the pockets of cronies while getting kickbacks into your campaign coffers...

Your bitching means America is winning!   ::whoohoo:: 


Well, to her a thousand bucks is nothing (does that show that bad?).  But to most American's a thousand bucks is a godsend.   Granted more would be good,  and if the economy gets better it will come.   Something that would have never happened with a second Clinton regime.   
Title: Re: Tax cut Passes 51-48
Post by: Pablo de Fleurs on January 12, 2018, 04:42:08 PM
Just when you think they can't possibly sink lower into stupid...they do just that...

Companies giving bonuses to employees in the wake of the Trump Tax Cuts..."It’s so pathetic."- Nasty Pelosi

Yeah...sucks because it works...and upsets 8 years of crushing people into the dirt while you lined the pockets of cronies while getting kickbacks into your campaign coffers...

Your bitching means America is winning!   ::whoohoo:: 


Well, to her a thousand bucks is nothing (does that show that bad?).  But to most American's a thousand bucks is a godsend.   Granted more would be good,  and if the economy gets better it will come.   Something that would have never happened with a second Clinton regime.

Given the fact that all SanFranNan has given the American people is a Sh*t Sandwich . . . I'll take the thousand!
Title: Re: Tax cut Passes 51-48
Post by: Pandora on January 12, 2018, 05:07:22 PM
I remember at the time of the Bush tax cuts Tom Daschle standing before the press with a muffler, claiming that was all the tax cut would afford us little people.
Title: Re: Tax cut Passes 51-48
Post by: Libertas on January 14, 2018, 02:14:39 PM
They are terminal morons...their masters tell them all manner of garbage...

(https://images3.imgbox.com/3f/2f/LlkveMdF_o.jpg)

...their kabuki might just as well be symbolized as an elitist leading a peon by the nose...

...the biggest swindlers are hiding in plain sight...

(https://images3.imgbox.com/ea/40/WwyLmHoW_o.jpg)

...everything is inverted 180 degrees and the morons are incapable of understanding it, they don't experience cognitive dissonance because their cognition is totally corrupted, so GIGO!

And as usual most of our ills began in that demonic year of 1913!

(https://images3.imgbox.com/43/f2/sP6ZsdLc_o.jpeg)

It's too late to save the host, but some of the innocent in this foul affair deserve a break when they can get it and apply it to productive use for them and theirs!