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Middle class taxes going up with what was passed?

Posted on 12/4/17 at 6:22 pm
Posted by Hogwall Jackson
Denver
Member since Feb 2013
5055 posts
Posted on 12/4/17 at 6:22 pm
Is this true? I can not read through the bias from each party. I am nor left or right. But, I read the new taxes just passed will cut taxes from the rich and increase them on the middle class. If true, that blows. I already get shafted as a single individual household. I get over $300 per week taken out of my check as it is.

Can someone tell me if this is just BS or real?
This post was edited on 12/4/17 at 6:22 pm
Posted by SirWinston
PNW
Member since Jul 2014
81842 posts
Posted on 12/4/17 at 6:23 pm to
It's as big of a lie as them saying Trump is a racist or that he colluded with Russia. They lie about everything.
Posted by 50_Tiger
Dallas TX
Member since Jan 2016
40106 posts
Posted on 12/4/17 at 6:24 pm to
If you take the standard deduction only, you should see a tax cut. It depends on your salary too.

For instance I’m single and take only the standard deduction. I have no kids or home. I now owe less taxes.
This post was edited on 12/4/17 at 6:24 pm
Posted by CamdenTiger
Member since Aug 2009
62450 posts
Posted on 12/4/17 at 6:24 pm to
$300 taken out for child support?
Posted by Bamatab
Member since Jan 2013
15111 posts
Posted on 12/4/17 at 6:27 pm to
Why don't you go research it for yourself instead of believing what people with political bias tell you? But if you are too lazy to look it up yourself, most of what the left is saying about it is not true. But again, don't believe me and go research it yourself.
This post was edited on 12/4/17 at 6:30 pm
Posted by Cruiserhog
Little Rock
Member since Apr 2008
10460 posts
Posted on 12/4/17 at 6:38 pm to
all brackets get a cut at first, then reality sets in a few years out.

Republicans are liars...they had to sell this as a tax cut when its actually budget gimmicks to pay for gifts to the rich, wall street and big business
Posted by LSUGrrrl
Frisco, TX
Member since Jul 2007
33008 posts
Posted on 12/4/17 at 6:39 pm to
quote:

Republicans are liars...they had to sell this as a tax cut when its actually budget gimmicks to pay for gifts to the rich, wall street and big business


Please detail.
Posted by msutiger
Shreveport
Member since Jul 2008
69628 posts
Posted on 12/4/17 at 6:39 pm to
(no message)
This post was edited on 4/11/23 at 3:40 am
Posted by LSUTigersVCURams
Member since Jul 2014
21940 posts
Posted on 12/4/17 at 6:41 pm to
It's bullshite. If you work, you're getting a tax cut.
Posted by jdeval1
Member since Dec 2009
7525 posts
Posted on 12/4/17 at 6:42 pm to
The left seems to be pissed that the poor, who effectively pay no federal income tax, won't be getting a tax cut
Posted by Muthsera
Member since Jun 2017
7319 posts
Posted on 12/4/17 at 6:46 pm to
Tax Plan Calculator

Everyone should just see for themselves.
Posted by kingbob
Sorrento, LA
Member since Nov 2010
67112 posts
Posted on 12/4/17 at 6:47 pm to
quote:

Is this true?


Not even a little bit. The only people who should see their taxes increase are people with more than 4 kids who itemize.
Posted by jdeval1
Member since Dec 2009
7525 posts
Posted on 12/4/17 at 6:47 pm to
Saves us about 5k per year
Posted by TeLeFaWx
Dallas, TX
Member since Aug 2011
29179 posts
Posted on 12/4/17 at 6:52 pm to
quote:

all brackets get a cut at first, then reality sets in a few years out.

Republicans are liars...they had to sell this as a tax cut when its actually budget gimmicks to pay for gifts to the rich, wall street and big business


How is lowering the corporate rate to 20% a gimmick? US corporations have more money overseas than they have at home. I don't care what side of the aisle you're on, that makes no sense.
Posted by navy
Parts Unknown, LA
Member since Sep 2010
29048 posts
Posted on 12/4/17 at 6:54 pm to
1) when does this take effect?

2) has the Obamacare penalty been abolished?


Thanks...been out of the loop.
Posted by DTRooster
Belle River, La
Member since Dec 2013
7962 posts
Posted on 12/4/17 at 6:55 pm to
3-5k in my pocket, I'll take that
Posted by DTRooster
Belle River, La
Member since Dec 2013
7962 posts
Posted on 12/4/17 at 6:56 pm to
Covers how much my medical went up from that Obamacare bs
Posted by SelaTiger
Member since Aug 2016
18034 posts
Posted on 12/4/17 at 6:57 pm to
According to that it will save us 3100 under House version and 3300 under Senate version. I’ll take that, hopefully it ls correct. I feel sorry for all the poors who won’t get back more money that they didn’t put in......... just kidding, screw them.
Posted by navy
Parts Unknown, LA
Member since Sep 2010
29048 posts
Posted on 12/4/17 at 6:57 pm to
What if you have 4 or more kids and do not itemize?

Why would taxes be raised on bigger middle class families?
Posted by jdeval1
Member since Dec 2009
7525 posts
Posted on 12/4/17 at 7:00 pm to
Not if you don't itemize. If you do it might not be a net positive but they are planning to increase the child tax credit. I'm married, filing jointly with 2 elementary school kids and it lowers our taxes by about 5k per year.
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