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re: GOP tax document reveals plan for massive tax cuts, preserves key deductions

Posted on 9/27/17 at 10:56 am to
Posted by 90proofprofessional
Member since Mar 2004
24445 posts
Posted on 9/27/17 at 10:56 am to
quote:

Somewhat confused about people talking about the brackets. They've already been relased. Frankly the brackets are meaningless. How you get to the brackets (adjusted gross, MAGI and taxable) are sigificantly more important for people that actaully pay attention to what is critical.

Sure. I've said before that pretending the # of brackets we have is the actual source of our code's complexity is absurd spin. But clearly it's a focal point for a shitload of people. It ought to be a sideshow
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10246 posts
Posted on 9/27/17 at 10:59 am to
Are you disappointed in this like I am? For either the reasons I cited, or any other reasons?

Yes, the brackets angst is pretty funny given it is coming from someone who holds themselves up to be an economic expert on here. I'm no economic expert, but I do know how taxable income is derived.
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