Tax cuts

[bigbluebazooka]

Think it would be a short post on tax reform? Think again. Breitbart’s John Carney lists highlights from the GOP House bill: 1) Cuts the corporate tax rate from 35% to 20% 2) The “pass-through” rate of 25% will be “a huge cut for many small-businesses organized as sole-proprietorships and partnerships” 3) One-time 12% tax on corporate profits “accumulated and held abroad” with Carney adding that “the bill eliminates the incentive for corporations to continue to avoid repatriating the funds” 4) Unlike reports there will be no change to 401(k)s 5) 7 brackets down to 4, 12%, 25% starting at $45K, 35% at $200K & 39.6% at $500K 6) Standard deduction rises to $12K for individuals, $24K for married couples 7) Expands child tax credit from $1,000 to $1,600 & 8) “The threshold for the death tax will double from its current $5.6 million per person and $11.2 million per married couple.” The death tax ends in 2024. All in all a pro economic growth proposal even though Dems are already singing their “tax cut for the rich” golden oldie. They must love stagnant wages and apparently the top 1% currently paying 40% of the taxes and the top 20% (95%) is still not enough. When poor people are the ones creating jobs Dems then we can talk. What’s ironic is that lib elites scream constantly about “income inequality” but it widened under O, making it important to start helping small business and working Americans!

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[ericberry14]

Getting tax breaks for having kids is fucking ridiculous. And we wonder why the trashiest mother fuckers have 10

[bigbluebazooka]

Getting tax breaks for having kids is fucking ridiculous. And we wonder why the trashiest mother fuckers have 10

Sad bitches getting paid in April. :facepalm

I see where I fit in. I'm ready. :D

[FlatEarth]

Didn't read the OP as it's a bunch of illegible nonsense. We had a Mexican dude at the office that walked around excited about his 3rd kid being on the way saying he was thankful because he got another break on their taxes. His wife was white and had no job and he was an hourly employee trying to support a household of 4 with the 5th on the way.

Did you guys know that if someone has enough kids they pay NOTHING in federal taxes? Did you also know that they get money back every year anyway? He told me she made 8k last tax season with NO job and he made 12k last tax season. Real SSN? I doubt it, but somehow Mexicans in the Atlanta area are able to get a SSN. Using one belonging to a dead person or someone else? Perhaps. Who knows. It's all fucked... Just like the rest of this fake ass world.

[JdPat04]

Didn't read the OP as it's a bunch of illegible nonsense. We had a Mexican dude at the office that walked around excited about his 3rd kid being on the way saying he was thankful because he got another break on their taxes. His wife was white and had no job and he was an hourly employee trying to support a household of 4 with the 5th on the way.

Did you guys know that if someone has enough kids they pay NOTHING in federal taxes? Did you also know that they get money back every year anyway? He told me she made 8k last tax season with NO job and he made 12k last tax season. Real SSN? I doubt it, but somehow Mexicans in the Atlanta area are able to get a SSN. Using one belonging to a dead person or someone else? Perhaps. Who knows. It's all fucked... Just like the rest of this fake ass world.

How the hell is that Dominoes in business with y'all apparently not having any customers?

[FlatEarth]

:lol: I thought I said Pizza Hut? :thought

Flat as a Pizza... :wave

[FlatEarth]

Meat lovers, that is. Gotta have those peaks and shit...

[CraigKressel]

Getting tax breaks for having kids is fucking ridiculous. And we wonder why the trashiest mother fuckers have 10

My biggest hate of the tax system besides it existing

[FlatEarth]

Getting tax breaks for having kids is fucking ridiculous. And we wonder why the trashiest mother fuckers have 10

My biggest hate of the tax system besides it existing

Was supposed to be temporary too... Funny that the entire world controls us all and you guys wont open your fucking minds and think for yourselves... :banghead

[bigbluebazooka]

Holy shit. They actually passed it. :shocker

[Muck FcDisney]

Holy shit. They actually passed it. :shocker

Much has changed since the OP though. I know 1, 5, and 7 have changed.

[Muck FcDisney]

Holy shit. They actually passed it. :shocker

Much has changed since the OP though. I know 1, 5, and 7 have changed.

1. is now 21%, not 20%.
5. Remains 7 brackets. http://taxplancalculator.com/
7. Is now $2,000 instead of $1,600. You can thank Rubio for that.

[JdPat04]

Holy shit. They actually passed it. :shocker

Much has changed since the OP though. I know 1, 5, and 7 have changed.

1. is now 21%, not 20%.
5. Remains 7 brackets. http://taxplancalculator.com/
7. Is now $2,000 instead of $1,600. You can thank Rubio for that.

#7 as a parent, :thankyou Rubio :dog

But yeah :jerkit

[ericberry14]

More money for shitty parents who have kids for tax checks. Fucking stupid. You should get nothing on taxes for having kids. Period.

[Muck FcDisney]

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https://www.cnbc.com/2017/12/20/tax-ref ... oyees.html

[Muck FcDisney]

"In a separate poll out Monday, the CNBC All-American Economic Survey found that 70 percent believe their taxes in the next couple of years will either stay the same or increase."
https://www.cnbc.com/2017/12/18/nearly- ... -says.html

In other words, people are suckers.

Nice work from the DNC propaganda wing (NYT, WP, NBC, HuffPo, Vox, Common Dreams, Mother Jones, Occupy Democrats, Vice, ThinkProgress, CNN, et al). :clap

People will no longer be able to deny the truth in about 16 months, but DAMN the misinformation was strong on this one! I'm guessing they'll try to argue against the obvious truth through the midterms, then forget about it (like the Roy Moore accusers) once the lie has served its purpose.

[Eye_of_Horus]

For those complaining about the child tax credit, maybe if you weren't lazy faggots you would feel differently.

[ericberry14]

For those complaining about the child tax credit, maybe if you weren't lazy faggots you would feel differently.

That doesn’t make sense

[Muck FcDisney]

For those complaining about the child tax credit, maybe if you weren't lazy faggots you would feel differently.

That doesn’t make sense

To a faggot.

[ericberry14]

For those complaining about the child tax credit, maybe if you weren't lazy faggots you would feel differently.

That doesn’t make sense

To a faggot.

Or a normal