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Latest on BAT & Tax Cut (Reform)

Posted on 2/18/17 at 7:20 am
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10232 posts
Posted on 2/18/17 at 7:20 am
This slipped through (and I didn't notice it) while the media was discussing press conferences and other important stuff that I don't care about, and doesn't impact my life:

LINK

LINK

It's difficult for me to understand what is actually happening becuase he apparently has backed away from BAT, but he seems to talk about it from time to time.

LINK /

Moving target. Very few facts. Brackets are largely consistent, but standard deduction, pass through etc seem to either not be set, or not be reported.
This post was edited on 2/18/17 at 7:39 am
Posted by Hugo Stiglitz
Member since Oct 2010
72937 posts
Posted on 2/18/17 at 7:25 am to
quote:

Under a Trump tax plan middle class tax payers would likely see modest tax savings, while those in highest income ranges would actually see the most in savings given the lowering of the highest marginal tax rate, increase in standard deduction and repeal of the AMT. Under proposed Clinton plans middle income earners saw more tax savings while higher income earners were taxed more heavily.


This kinda sums it up. From your 3rd link.
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