Just ran some round numbers through online calculator. Our federal tax burden drops by almost $1100. That's a whopping $39 each and every single payday!!! Whoopee...two extra Punch Punch per week

I'm actually quite grateful to have dodged the alimony bullet. Grandfathering that one saves me from a tax INCREASE of at least 3K per year.

There are still questions about how they mucked up the pass through and what that will do some of the wife's personal business income, but hoping that will be negligible change.


BTW, how the fluk did they NOT eliminate the carried interest deduction????? Didn't Trump campaign on that one, specifically?

Got a link to the calculator?

There's lots out there. I used one at Fox Business, but I'd guessing that your computer may block that one 🙂

I don't know if the Fox one is really reliable. They may have fixed it since originally putting it up, but apparently on first release there was no information on the tax plan and their tool was saying everyone saved money.


I can tell you I'm losing $2k right off the bat on the double taxation for State and Local taxes in the "we hate people who didn't vote for us" section of the tax plan.

But seriously.... this is all a pittance. They're throwing crumbs at us (or taking crumbs in my case) to allow the people at the top 1% to eat the whole pie.

You a funny guy. I suspect that we will have to pay less taxes going forward because a fair amount of our income is from pass-through from my company and stock dividends. I still don't care for this bill because of the anticipated increase to the national debt. 🌫

=d>

](*,)

I found this one, and used it. Wow...I'll get a few thousand more...then I noticed it was the Alabama calculator.

http://www.al.com/news/index.ssf/2017/12/tax_calculator_figure_what_tru.html 


Hey Burner02, there any decent homes for sale in your neighborhood?

I'll preempt the inevitable. You can decline it or send it back.




(that ignores the very fact that it is a drop in the bucket and as such individually amounts to nothing but if you collected them all......)

I'm not sure how I feel about the impact on the deficit. I was a deficit hawk for a long time, but it's apparent that these jokers in this town are clever enough to kick this down the road far enough that my kids are probably safe from it..and probably grandkids, too. The ceiling may not cave in before global warming induced floods or Fatty Fat induced nuclear holocaust. National debt isn't keeping me up at night lately.

I'm more concerned that:

-this is being sold as something revolutionary and Reagan-esque - when in reality is is a couple cigars a month and maybe an extra trip to Cracker Barrel...it's ok for what it is, but stop the spin and just call it the Corporate Tax Cut

-that they didn't touch the hedge/real estate investment loophole

-that they never even tried to bring a single Dem into talks....granted, this might not have been possible in today's climate, but had they taken a little more time and actually tried to get something just a little bipartisan, they'd have gotten more political capital, even if at the expense of some of the blind-faith-base

-that while there's some cuts and changes, there wasn't ever any real stomach for anything resembling 'overhaul'. Start from scratch without any deductions and work from there. Loopholes all derive from deductions and credits - start with a blank page and create new, clean definitions for deductions that you want to carve out

-that they won't quit putting unrelated **** into tax and spend bills.....wtf does Alaska oil have to do with federal income taxes???

-that by the end of last week nearly every R could say with a straight face "don't worry about that deficit part; growth is going wipe that out"...like they actually fn believed it after saying it enough times...we are not ever going to have 7% growth and every fn one of them knows it

Yours is temporary (now why is that?), theirs is permanent (now why is that?). Raising the cost to do business in Puerto Rico is permanent as well.

That's sorta asinine dem spin, though, really....wtf is permanent? they can change the corp level with legislation 5 times between now and 2025....its a silly discussion....can you imagine a Congress of any flavor that would let it all simply revert when the time comes?

Hmmmmm. I looked at the one Dailykos had and it said my tax burden would quadruple, I'd be required to donate to a church, I couldn't get an abortion (no gender assignment here thank you) and I'd have to grow a Hitler mustache.

You certainly can change anything in the future, but what we have now is what we have now. One sunsets the other does not. If no further action is taken that is the fact. It's harder for these idiots to take action than not to. That's the intent.

Why didn't they make both permanent or both sunset? (and yes I get the budgeting nuance)

Wai ... what?#!? You aint sportin one now?

I'm goin for the assignment and mustache. The excuse not to donate is ok with me. Imma gonna just choose not to work.

I'm sportin one. A raging one.

This thread is a big let down.

I shaved my balls this morning expecting better.

damn dude...them pubes are looking puny without all that bush...

I hope you shaved them bald.... last time when you only cut the curl off you almost poked drafters eyes out

He really wanted those Arabian sunglasses.