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Posted on 12/2/17 at 11:01 am to Errerrerrwere
quote:
Repeal of Obamacare mandate
m
Wasn’t this in both?
No it was just in the Senate version.
quote:
Shouldn’t be an issue if so...
No. Speaker Ryan said that they didn't include it in their bill because they wanted to see if the Senate could pass something first. He said if the Senate included it, then he had the votes to include it in the House version as well.
Posted on 12/2/17 at 11:04 am to BeefDawg
quote:
No changes to CGT, except the elimination of 3 tax brackets, and the 20% begins at 35% bracket now instead of 33%.
So basically this:
Tax Bracket —— CGT
12% & 25% —— 15%
35% and 39.6% —— 20%
This cannot be right. The reason is because at the 12% tax bracket you would pay more in long term capital gains taxes at 15% than short terms capital gains taxed at ordinary income of 12%.
Posted on 12/2/17 at 11:45 am to rds dc
Congratulations to POTUS Trump.
Congratulations to the GOP.
Congratulations to the USA.
Congratulations to the GOP.
Congratulations to the USA.
Posted on 12/2/17 at 12:46 pm to Champagne
Thank you president trump!
Posted on 12/2/17 at 1:49 pm to 1999
Posted on 12/2/17 at 3:03 pm to BeefDawg
quote:
I’m a financial advisor in GA, and have a $600k mortgage. My SALT taxes are around $6,500-$7,000/yr on average. I’ll still get to deduct all of it. And I’ll get to write off 83% of my mortgage interest still. I’ll be saving about $5,000 on my income taxes too. My firm, which I’m one of 3 partners, has 25 employees. With the changes to corporate tax rates, I’ll be able to hire 4-5 more employees. But thanks for being an ignorant twit.
Posted on 12/2/17 at 4:34 pm to TheMailman
Historic tax credits should end. They are stupid special interest giveaways.
This post was edited on 12/2/17 at 4:35 pm
Posted on 12/2/17 at 4:51 pm to rds dc
quote:
Here is a good summary of the differences that will be worked out in conference - LINK
I really like the Senate Bill more than the house bill. That's good, cause I feel like the Senate has a little more power.
Posted on 12/2/17 at 4:53 pm to BaddestAndvari
You like the Senate bill keeping the AMT? and the estate tax?
Posted on 12/2/17 at 6:54 pm to I B Freeman
quote:
You like the Senate bill keeping the AMT? and the estate tax?
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