Why cut taxes?

[falafel]

My typos don't add $1 trillion to the deficit.

No way to know that for sure. Have you read the 400 page #GOPTaxScam bill?

[Northwestcoug]

Neither does the tax bill.

But while we're on the subject, if your concern is the deficit and you don't want to pay more, who should?

Wait, what?

I understand forecasts can swing dramatically based on different scenarios, but isn't 1 trillion dollars the official estimate?

[beefytee]

They should create tax for being liberal... Liberals are always for raising taxes so they won't mine.

I thought that's what this tax bill does?

https://www.bloomberg.com/news/artic...liberal-tenets

[BlueK]

Neither does the tax bill.

But while we're on the subject, if your concern is the deficit and you don't want to pay more, who should?

my preference would be to eliminate income tax altogether. Then tax on consumption instead. I wouldn't be opposed to paying my fair share of that kind of tax if I'm chewing up resources.

[Uncle Ted]

Neither does the tax bill.

But while we're on the subject, if your concern is the deficit and you don't want to pay more, who should?

They should create tax for being liberal... Liberals are always for raising taxes so they won't mine.

[cowboy]

My typos don't add $1 trillion to the deficit.

Neither does the tax bill.

But while we're on the subject, if your concern is the deficit and you don't want to pay more, who should?

[Uncle Ted]

My typos don't add $1 trillion to the deficit.

Maybe D-hole is proofreading CS while billing the hours to the government... Do you know what that dude charges?

[BlueK]

Who’s the idiot?

My typos don't add $1 trillion to the deficit.

[Donuthole]

Why cut taxes?

Looks like they reached an agreement. Hoping it doesn't mean my already ridiculous amount of tax doesn't go up more, but everything I've seen on the details so far leads me to think mine are going up.

Who’s the idiot?

[Uncle Ted]

I was reading about some interesting 529 proposals in the senate tax bill. First, Orrin Hatch, looking out for all those that send their kids to BYU or some other religious school wanted to make it so you could treat 25% of the cost as a charitable donation or tax deduction. That got removed (actually just X'ed out) from the final bill.

Second, Ted Cruz's proposal to expand 529 college savings plans to allow up to $10K/year to be used for K-12 expenses including things like private school tuition, college application fees, entrance exam fees, home school expenses, etc. was included in the final bill. I guess it sort of makes sense. The kids have to make it into college first but may screw lower income families that don't take advantage of 529's. It will be interesting to see what Cruz expansion of 529's can all be used for in the final details.

http://blogs.edweek.org/edweek/campaign-k-12/2017/12/tax_bill_recap_religious_instruction_ted_cruz_orrin_hatch_devos.html

[BlueK]

What a bunch of idiots

Looks like they reached an agreement. Hoping it doesn't mean my already ridiculous amount of tax goes up more, but everything I've seen on the details so far leads me to think mine are going up.

[BlueK]

Senate Republicans Made a $289 Billion Mistake in the Handwritten Tax Bill They Passed at 2 a.m. Go Figure.






https://slate.com/business/2017/12/s...-tax-bill.html

What a bunch of idiots

[frank ryan]

Senate Republicans Made a $289 Billion Mistake in the Handwritten Tax Bill They Passed at 2 a.m. Go Figure.

It appears that Senate Republicans managed to make a $289 billion or so mistake while furiously hand-scribbling edits onto the tax bill they passed in the wee hours of Saturday morning. The problem involves the corporate alternative minimum tax, which the GOP initially planned to repeal, but tossed back into their stew at the last second in order to raise some desperately needed revenue. The AMT is basically a parallel tax code meant to prevent companies from zeroing out their IRS bills. It doesn’t allow businesses to take as many tax breaks but, in theory, is also supposed to have a lower rate.

Except not under the Senate bill. When Mitch McConnell & co. revived the AMT, they absentmindedly left it at its current rate of 20 percent, the same as the new, lower rate of the corporate income tax that the bill included. As a result, many companies won’t be able to use tax breaks that were supposed to be preserved in the legislation, including the extremely popular credit for research and development costs. Corporate accountants started freaking out about this over the weekend, but the situation reached high farce when a group of lawyers from Davis Polk pointed out that, by leaving the AMT intact, Republicans had essentially undermined their bill’s most important changes to the international tax code.

https://slate.com/business/2017/12/senate-republicans-may-have-made-a-usd260-billion-mistake-in-their-tax-bill.html

[BlueK]

Only 29% like the tax plan.

http://www.cnn.com/2017/12/05/politi...oll/index.html

[Jeff Lebowski]

Math.

Meth