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It’s a done deal: Congress wraps up massive tax package

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posted on Dec, 20 2017 @ 03:02 PM
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originally posted by: MOMof3
a reply to: nwtrucker

I love spending. Think how much could have been done the last eight years if corker and “deficit hawks” hadn’t care about deficits then.


Are you serious??!!??

The deficit DOUBLED the last eight years.


So the last eight years equaled ALL previous administrations COMBINED. SMFH
edit on 12 20 2017 by stosh64 because: (no reason given)




posted on Dec, 20 2017 @ 03:02 PM
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a reply to: MOMof3

That's the biggest problem we have. Our government loves to spend and they spend more than they take. And voters who make statements like you just did keep voting those idiots in.

I like spending too...I do not use credit cards and do not spend more than I make...imagine what I could have done with more of my money in the last 8 years. At least I can now spend my money the way I want...and not being basically forced to purchase a product for myself and another person...aks ACA



posted on Dec, 20 2017 @ 03:02 PM
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originally posted by: Middleoftheroad

originally posted by: MOMof3
a reply to: nwtrucker

I love spending. Think how much could have been done the last eight years if corker and “deficit hawks” hadn’t care about deficits then.


We're 20 Trillion in debt last I checked and half of that was added in Obama's 8 years, so I'm unsure what your point is.


Remember these guys and the 2010 election of republican deficit hawks:

“The Tea Party movement is an American conservative movement, loosely allied with the conservative wing of the Republican Party. Members of the movement have called for a reduction of the national debt of the United States and federal budget deficit by reducing government spending, and for lower taxes.”

I don’t think they had increasing the deficit in mind to lower taxes.



posted on Dec, 20 2017 @ 03:15 PM
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Time will tell if this tax bill back fires on conservatives big time. It sure doesn't look like the tax cuts benefit working families. The way it looks right now, it's benefiting Trump and all his real estate, banking and corporate buddies.



Trump, Real Estate Investors Get Late-Added Perk in Tax Bill


How convenient, and people defend these self-serving politicians.

Source

Corporate taxes slashed from 35% down to 21% ... Sure doesn't look like it benefits the majority of Americans. This is political suicide if Americans find these tax cuts to be over exaggerated to non-existent once their previous deductions are no longer applied.

Comments about these tax cuts should be interesting after Americans start filing their 2018 and 2019 taxes. The SHTF in 2027 when all the tax cuts are phased out.




posted on Dec, 20 2017 @ 03:20 PM
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a reply to: DJMSN

I did not vote for one person in Congress or trump. When republicans are in the mood for a debt jubilee, well, just enjoy it. The pain will come. Millennials have a big fat target aimed at their backs.



posted on Dec, 20 2017 @ 03:20 PM
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Looking forward to keeping my money.

With DC's record with our cash...

I think people arguing against a tax cut.

Look really dumb right know.



posted on Dec, 20 2017 @ 03:21 PM
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a reply to: MOMof3

Yes, and you too are going to benefit greatly. Since when is keeping more of what you earn bad? Particularly when the arse hats in Washington piss it away no matter if they wear stripes or spots.



posted on Dec, 20 2017 @ 03:23 PM
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I just read part of the new tax plan. They took away the deduction for alimony and support for anyone getting a divorce next year. So those of us that have been using alimony and support deduction on our tax return we are safe for now. I think what those wise guys in Congress and the Senate have screwed over both the people in the divorce.



posted on Dec, 20 2017 @ 03:23 PM
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a reply to: WeRpeons

Increasing the standard deduction alone will benefit both families and single filers as well. Put with the increased tax credit per child will help also. What needs to happen next is that our elected officials on both sides of the aisle need to learn exactly what a budget is.

As far as the corporate rate reduction, companies are not paying the top rate anyhow after the deductions, cash hoarding in other countries they usually wound up paying around the 20% rate anyway. Now they will bring more cash back to the states and pay more tax
edit on 12/20/2017 by DJMSN because: Addition



posted on Dec, 20 2017 @ 03:23 PM
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a reply to: BlueJacket

Nothing. I think deficits should not matter no matter who is the party in charge. Think what could have been done without the 2010 deficit hawks voted in.



posted on Dec, 20 2017 @ 03:25 PM
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a reply to: xuenchen

I love it... Not only did we just get our taxes lowered, but the left got so desperate that we got to find out about aliens, too! 2017 was a great year, greatest I've had since the 80's, here's to 2018 will be even better if that's possible...



posted on Dec, 20 2017 @ 03:26 PM
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originally posted by: manuelram16
I do my own taxes and know if they double the std. deduction I will pay 1500 less....
and then I see the libtards saying otherwise ?, either they live on a different planet or stupid as sh*t

I'd say option #2.



posted on Dec, 20 2017 @ 03:27 PM
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Extra $3,000+ for my family next year! Still shouldn't be taxed this much but at least it's something back!



posted on Dec, 20 2017 @ 03:27 PM
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So, can a nonpolitical observer break it down for us mouth breathers and average wage earners...... What did we get, and What did we lose.



posted on Dec, 20 2017 @ 03:30 PM
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a reply to: MOMof3

You have kids at home? Well, double that for each child...double your minimum tax from 12k to 24k...if youre not gaining here...what were you itemizing? Every bracket gets a savings of some kind, how do you personally not gain unless you're not working?

Not being rude, just intrigued



posted on Dec, 20 2017 @ 03:32 PM
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a reply to: MOMof3

Never complain when your grocery bags are too heavy.




posted on Dec, 20 2017 @ 03:33 PM
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a reply to: BlueJacket

I’m 68. I don’t need more. I’m glad the republicans called a debt jubilee. At least that fight is over.



posted on Dec, 20 2017 @ 03:34 PM
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originally posted by: Plotus
So, can a nonpolitical observer break it down for us mouth breathers and average wage earners...... What did we get, and What did we lose.


Just use this calculator and figure out what you'll be saving: taxplancalculator.com...



posted on Dec, 20 2017 @ 03:34 PM
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originally posted by: Tempter

originally posted by: Hefficide

As I sit here waiting for Conservatives to realize that this means George Soros just got billions of dollars.


Yes? Please, go on.

That was a sentence fragment, sir.



Now, I would like to THANK MYSELF for voting for Trump and other Republicans the last 12 years to ensure things like this happen.

Why Dems can't come up with something that doesn't involve taking my money is beyond me.

I'm going to buy a 65" TV with my savings so my kids and I can further enjoy spending time together playing Rocket League in splitscreen!


Suck it Dems, WE WON TODAY!


Get the frick out! I JUST did that same thing! LOLOLOL




posted on Dec, 20 2017 @ 03:35 PM
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Why are people so goddam ignorant as to what and how taxation is and works? No one is "getting" more money, they are KEEPING more of their own money.

It's not the right of the government to just take as much as they want to until it satisfies a deficit or debt problem--what needs to happen are tax cuts (we got some) and now Trump needs to lead the way even more on reducing spending. If you reduce spending, reduced taxes don't "cost" anything, and could possibly lead to a net gain for the government.

The problem is, people are so married to the idea of taxation because it is the norm (and all of the "free" stuff made possible by viewers like you) that embracing change is damn near impossible.

Well, here's a novel idea for everyone: Wait and see what happens in the next year or two as a result of this new tax law. Only then will you be intelligent enough and have enough experience with it to even begin to form a conclusion on the effects of the matter.

Set aside all of the hyperbole from both sides and just relax, wait, and see--there's nothing else that you can do about it anyhow, save for moaning or complaining. If you pay taxes, you are basically an adult, so start acting like it.

Who knows, maybe you will be correct about your concerns, like many of us were correct about concerns over the PPACA, but again, that took time to prove. Give it time and relax...seriously.




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