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

originally posted by: links234
It's a nationalized payday loan. Sure...a lot of people are going to get a few thousand in lowered taxes but we're all getting $1.5 trillion in debt. That's great. Really, I hope you're all happy because 'f**k you, I got mine.'

Yeah, over a 10 year period, as opposed to $10 trillion over an 8 year period. Which do you prefer more?

originally posted by: LSU0408

originally posted by: Ceeker63
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.

How have you been able to use your child support as a deduction? I've never been able to.

Child support payments are neither deductible by the payer nor taxable to the payee.

originally posted by: xuenchen

originally posted by: LSU0408

originally posted by: Ceeker63
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.

How have you been able to use your child support as a deduction? I've never been able to.

Child support payments are neither deductible by the payer nor taxable to the payee.

Thanks, I didn't think so. I'm sure I could find a way to get it in there with my tax guy but I wouldn't risk the chance of being caught. I did that enough by telling him I was insured the last few years when I haven't really been. I refuse to pay a penalty for not buying health insurance, and I'll be damned if I gave anymore to the non workers while I'm out busting my ass everyday. NEH EH

Making the country great again in spite of left wing asshats.

when the final vote was announced. One Democrat yelled, “Do over"!

Why?
Did they want to change their vote?

That would be a smart thing to do come reelection next year.

" I was against the tax cut, before I was for it"

Thanks for the answers. And the time.

a reply to: LSU0408

Remind me again who controlled the House of Representatives and was responsible for our national spending for the last 8 years?

originally posted by: links234
a reply to: LSU0408

Remind me again who controlled the House of Representatives and was responsible for our national spending for the last 8 years?

7 years, and if we're going to play that game, then I assume the Dems are on the hook for the $6 Trillion increase from 2006 to 2010... accounting for the same amount you're saying the GOP amassed in almost twice as long a span?

a reply to: burdman30ott6

They had to pay for the war. They managed to pass annual budgets too. Crazy how Democrats in control of Congress managed to do basic governing but hey, keep patting yourself on the back for managing to pass a bill that was thrown together in two weeks though.

a reply to: links234

Sour grapes tend to make bitter whine.

originally posted by: burdman30ott6
a reply to: links234

Sour grapes tend to make bitter whine.

It's jealousy. This is a MAJOR accomplishment for nearly everyone in the US.

The media is doing their very best in NOT giving this thing it's due. Obamacare was the talk of the land for HOW many years? Praise was showered upon Obama for "helping" millions of people across the nation, despite the warnings.

Now this bill and the actual POSITIVE effects we will feel for years will be totally ignored. If Obeyme had put this thing through (not that he would) and the Dems realized just how amazing it was the media would NEVER let us forget it.

Now, there's still some work to do on spending cuts, but those won't be addressed until after the mid-terms, which is why it's so damned MINDblOWINGLY important that we retain the house and senate.

a reply to: burdman30ott6

Ah...that explains the Obama hate. Thanks for the insight.

Seriously though, I think this was a short-sighted bill. I'm going to be getting ~$100 extra per paycheck but I'm not happy about it. Mostly because I know it's unfunded and that people in this country depend on those 'handouts'. Right around the corner (February/March) the GOP is going to be shocked that there's now $150 billion in missing revenue for the year so they're going to argue that they need to rectify that by reducing spending by a similar or greater amount. It'll be slash and burn government, healthcare costs will be cut (notice we still haven't gotten CHIP back) and social security is going to be cut (but only for people younger than 40).

I know, I know. That idea has a lot of support in this corner of the internet but I think that's bad governance. Every dollar in SNAP benefits equates to somewhere around $1.40 back into the economy but every dollar in tax cuts tends to come back as something like 80 cents into the economy. I'm happy for you all and I hope you enjoy your tax cuts.

originally posted by: links234
a reply to: burdman30ott6

Ah...that explains the Obama hate. Thanks for the insight.

Seriously though, I think this was a short-sighted bill. I'm going to be getting ~$100 extra per paycheck but I'm not happy about it. Mostly because I know it's unfunded and that people in this country depend on those 'handouts'. Right around the corner (February/March) the GOP is going to be shocked that there's now $150 billion in missing revenue for the year so they're going to argue that they need to rectify that by reducing spending by a similar or greater amount. It'll be slash and burn government, healthcare costs will be cut (notice we still haven't gotten CHIP back) and social security is going to be cut (but only for people younger than 40).

I know, I know. That idea has a lot of support in this corner of the internet but I think that's bad governance. Every dollar in SNAP benefits equates to somewhere around $1.40 back into the economy but every dollar in tax cuts tends to come back as something like 80 cents into the economy. I'm happy for you all and I hope you enjoy your tax cuts.

I don't know you, but I have to assume there's nothing preventing you from donating that extra $100 from every paycheck to some manner of "feed the needy" charity if you feel that strongly about it. Personally, I recognize that I also need my earnings and, frankly, can do a hell of a lot better with my own money than anyone else can, so... I will absolutely enjoy my tax cut and will be investing it back into my family and myself.

a reply to: links234

Doesn’t anyone listen to the deficit hawks. I heard one say that sometimes it’s worth it to increase the deficit. The republicans are in a spending mood, let’s enjoy it. For a couple of days anyway. They need to find more money to keep the lights on, fast.

originally posted by: LSU0408

originally posted by: links234
It's a nationalized payday loan. Sure...a lot of people are going to get a few thousand in lowered taxes but we're all getting $1.5 trillion in debt. That's great. Really, I hope you're all happy because 'f**k you, I got mine.'

Yeah, over a 10 year period, as opposed to $10 trillion over an 8 year period. Which do you prefer more?

Over 50 trillion in gold and oil was stolen in the evasion of Iraq.
they went to Afghanistan to secure the poppy fields and lithium mines.
All around the world there's genocide for gold, oil, and drugs.....
Ill take what ever the rulers of the world want to give me.. nothing is for free.
there not going to get 10 trillion dollars out of my paycheck

a reply to: xuenchen

Tax breaks for all, and no forcing people into overpriced insurance they can't afford. Sounds like a win to me! More money for businesses also means more jobs, and more income, with less taxes for working people, too.

Who complains? Oh, yeah, those who want to spend other people's money.

The tax bill is great. Now we get to listen to Trump say, "me me me me me me me me me". Over and over and over and over again. Wait until you find out what a true egotist is capable of. Hope we can all survive this.

originally posted by: links234
a reply to: LSU0408

Remind me again who controlled the House of Representatives and was responsible for our national spending for the last 8 years?

Spending went way up Obama's first 2 years.

Spending went down slightly with Obama's last 6 years.

originally posted by: links234
a reply to: burdman30ott6

Ah...that explains the Obama hate. Thanks for the insight.

Seriously though, I think this was a short-sighted bill. I'm going to be getting ~$100 extra per paycheck but I'm not happy about it. Mostly because I know it's unfunded and that people in this country depend on those 'handouts'.

What sort of nonsense is that? You earn the money in your paycheck, and no one in the government has a right to demand that you hand it over to someone else. If you want to help someone in need, you can choose to donate them some money. Your choice, not hat of the government.

Right around the corner (February/March) the GOP is going to be shocked that there's now $150 billion in missing revenue for the year so they're going to argue that they need to rectify that by reducing spending by a similar or greater amount. It'll be slash and burn government, healthcare costs will be cut (notice we still haven't gotten CHIP back) and social security is going to be cut (but only for people younger than 40).

Money taken from citizens in the form of taxes is supposed to pay for necessary government costs and infrastructure, not charity. Not art. Not any number of other wasteful things for which our dollars have been wasted. Yes, we certainly do need to reduce spending! The government spending is out of control, and things that should be handled aren't, while much is wasted, and more is taken fraudulently.

I know, I know. That idea has a lot of support in this corner of the internet but I think that's bad governance. Every dollar in SNAP benefits equates to somewhere around $1.40 back into the economy but every dollar in tax cuts tends to come back as something like 80 cents into the economy. I'm happy for you all and I hope you enjoy your tax cuts.

No, a dollar spent for forced charity doesn't magically transform itself into more than a dollar. Most of us prefer to decide for ourselves what we want to donate to charity causes.

originally posted by: MOMof3
The republicans are in a spending mood

FALSE. If your employer cut your salary, would you say you just "spent" that no-longer-in-your-income money or would you say you just got your pay cut? Tax cuts aren't federal expenditures, they're reductions in federal (unearned) income. This concept that tax cuts are somehow spending or that the feds need to figure out how they're going to "pay for" a tax cut is a ridiculously obvious example of just how slavish some Americans are. How does a government accommodate a tax cut? Easy, they simply cut spending. That will come next year and, by God, it will be glorious. Hell, if they do the cutting right we may well see a second tax cut become a possibility before the end of 2018.