BILL PASSED 51-49

>BILL PASSED 51-49
>BILL PASSED 51-49
>BILL PASSED 51-49
>LIBERALS BUTTHURT ALL OVER SOCIAL MEDIA AND REDDIT

>SALT MINE(S)
reddit.com/r/politics/comments/7gy17o/discussion_thread_final_vote_approaches_on/
twitter.com/hashtag/TaxScamBill?src=tren


BILL:
>The House Version:
congress.gov/115/bills/hr1/BILLS-115hr1rh.pdf
nytimes.com/2017/11/16/us/politics/house-tax-overhaul-bill.html
>The new Senate Tax Bill:
vox.com/2017/12/1/16724800/senate-tax-bill-text

>LAST THREAD

Other urls found in this thread:

irs.gov/credits-deductions/individuals/earned-income-tax-credit/eitc-income-limits-maximum-credit-amounts
twitter.com/SFWRedditVideos

1. wait for the final bill
2. wait for our W-2s
3. Then we can celebrate

Does the final bill have to pass both House and Senate again?

How do we keep them from fucking it up when it does?

I believe trump signs it now

The House has such a Republican majority that, regardless of all else, if they can't pass it in the Senate in another round, they'll pass the half-baked version that the Senate just passed in the end like the Democrats did with Obamacare.

It goes to a conference where managers hash out the difference between the house and senate bill

Not yet

Less neetbux means an end to what industries?

1) Organic gourmet soy cat food advertised to purple haired lesbian couples.

At a late date but it's heading to his desk.

What does that mean exactly? Can they change stuff in the bill?

...

Who the fuck is Bill?

can someone give a TL;DR of what the bill is and what this means for those of us who don't care that much to read foreign laws in full?

Probably not, due to the fact that there are people with money that want to feed their pets well. I feed mine pic related.

You're just going to have the people who didn't qualify for the EITC get more money back, while the people who did qualify will lose it, but the increase in the standard deduction will likely minimize their impact.

TRUMP IS GONNA SHUT DOWN THE GOVERNMENT AND DRAIN THE SWAMP!

University elite are going to take it directly up the ass very hard with razor wire.

>My boyfriend and only person working right now in our 4 person family just got a raise. It puts him at juuuuust over 39k (literally will probably be 39-40k). He's worked so hard to get where he is and now it will mean absolutely nothing. Our taxes would have been 15% next year, but now will be 25%. It would have been cheaper for him to have not worked hard and taken that raise. I can't believe they have just a few brackets for people between 0 and 100k. Really hoping they keep the house brackets instead.

Screeching this thot thinks that earning more will bring in less because her sugar daddy will be taxed on his whole salary.

Lol you inbred fuckstains are gonna lose your guns, your internet, your jobs (lol who am I kidding), your constitution.

But lol @ the libbies right? Bunch of hicks.

I'm making the same, and don't have any kids. Me and the wife are going to see a substantial decline in our tax rates, as our 10% bracket will climb to 12, and our 15% bracket will shrink to 12. Then we also get double the standard deduction.

oh hell yeah

...

Oh are we dropping redpills for zombies?

On your W-4 you can literally write suck my dick. If you get a refund, you are a literal zombie.

Why the fuck do you care Hungary

LMAO

>t. assravaged Bernie supporter

The rich get richer, the poor get the picture, and you dumb cunts blame it on sjws or jews or some shit

Shoo shoo, ShareBlue.

>but the increase in the standard deduction will likely minimize their impact.
If a net of $2k above the line deduction can do that, then they didn't lose out on a whole lot to begin with.

You can't fucking talk to these people.
They still think party makes a difference.

...

anything on capital gains in there? I just made a tidy profit on buttcoins

The standard deduction is literally doubling. Furthermore, the EITC wasn't worth all that much to begin with.

Source: irs.gov/credits-deductions/individuals/earned-income-tax-credit/eitc-income-limits-maximum-credit-amounts

America has been built on disaster capitalism and for the most part it has kept the operations abroad but now everywhere is fair game including America itself ..

So correct me if I'm wrong, but literally everyone will be paying either the same, or less? Even in the rare case you get bumped up a tax bracket despite staying at the same wage, you'll still be paying less than you otherwise would?

The fuck are these people screeching about?

Everything's relative. EITC meant the world to me when I qualified as the working poor.

Corporations may have a slight tax cut but in return they will give back to the people by creating more jobs. And that's always a good thing.

See

And the standard deduction literally doubling for everyone means that they won't be losing much, if anything at all.

Only in Soviet Clappistan can you find retards that are willing to suck a cock and bend over to get fucked just so they can say LOL trigurud liburls.

Feed your fucking dogs with dry fucking dog food you buy by the tonne and gravy made from scraps of human food. It costs me less than a 5er to feed all 3 of my dogs a week, not including a few treats here and there which run my back less than a 5er as well. that's under £500 a year all in for three dogs and I don't have rat dogs either, a 100lb Weimaraner, a Husky and a Spaniel and they can eat for England.

Anyone who feeds their dog fancy ass food is just an idiot and anyone who tries to make them vegan is committing animal abuse.

Thank you, now I have all 5 levels of happenings. I was too lazy to google them.

Capitalism just got jet fuel.

Did that in the past, myself. You get to spend it on good quality, balanced food, without empty fillers now, or you can spend it on vet bills later.

>anyone who tries to make them vegan is committing animal abuse.
Agreed. But my post literally showed that 50% of the food (first two ingredients) is codfish and dehydrated codfish.

fuck off back to plebbit meme flag

Calm me down about $1.5 gorillion deficit pls Sup Forumsbros. Is this just bullshit shareblue talking point or is there some merit to it? Inb4 'we'll just cut that spending elsewhere'. While we aren't as retarded as dem's in increasing spending all day every day no politician ever cuts shit, no matter how red or blue.

Was more aimed at the first guy talking about vegan cat food going out of business. Also my dogs aren't young and we've seen no issue. The food I get is good enough quality just it isn't fancy and it's incredibly cheap because we buy it in huge bulk from the source, I'm talking filling up the back of the van not a little bag each week from Tesco.

Dems right now:
REEEEEEEEEEEEEEEEEEEEEEEEE

No way, it's a huge tax cut -- the first $24K for a couple is tax free. My wife & I make about $245K combined, we'll save ~$4.8K/year.

Of course, we're in a low tax state, (AZ) so someone in our same income in CA or NY would likely have an increase because you can't deduct state taxes anymore.

They are literally cutting Social Security and Medicare to fight that off. Does Trump have a history of blowing budgets?

(((accidentally)))

>everyone in the whole world who doesn't drink your neoliberal coolaid is a shill for democrats

True. Ty Chicago school boys

what happened and why should I care except for liberal butthurt

Isnt this what leftists asked for? Richer people paying more taxes and ther other ones less? Why are they crying this much and saying the exact opposite is happening?

Are you voting for weed? Youre literally deciding my fate and that of everyone who depends on me.

Societal leeches are going to feel the hurt. Liberal states that vote for expensive shit on the federal level aren't going to be shielded from the consequences of their vote via SALT exemptions. Productive people aren't going to have to pay as much in taxes as they have been. Oh, and our corporate tax rate will start being competitive with the rest of the world (20% instead of 35%).

>passing a gigantic tax hike on the middle class so rich get welfare
>Sup Forums pretends it's for the middle class
>will dismiss this whole post because they can't tolerate different opinions.

>productive people aren't going to have to pay as much in taxes as they have been
oooooooh that is good!
good job USA!

I make 16.60 per hour, and I'll be saving money. For reference, this is about a dollar more than the average full-time waiter's wage after declared tips.

I was just trying to make fun of things only neets spend their money on.

Why did you abandon your white brethren trapped in NY? Have you forgotten we voted for the kike puppet as well?

I'm not really seeing any significant cuts in the current version of the bill, just talks about cutting in the future. I will admit that I'm a bit undereducated on the situation and it's possible I'm wrong, please correct if its the case. Also, Trump does not have a history of blowing budgets but then again he does't have a history of not blowing budgets either

>just talks about cutting in the future
That's literally part of the bill. Whether it will survive reconciliation remains to be seen, but as it is written now, there will be cuts.

Really, this is a tax break for most everyone, but most people don't really understand taxes let alone the progressive tax system.
Challenge someone to calculate their own taxes. I bet over half of people couldn't understand the tax deductions that HR BLOCK makes for them.

The standard dedication alone will help families and lower income earners.

Here's to hoping taxayers in CA and NY will get pissed about their inability to claim State And Local Taxes (SALT) and therefore stop insisting on spending so much taxpayer money on Illegal Immigrants.

Mike, grats again on the promotion bro.

Not Mike, but thanks, I guess.

So will i get more or less back in income tax than usual ?

You can literally donate $100 to charity and drop out of the bracket, you know. It's fucking tax deductible.

It depends, obviously. It could be a flat tax at 5 percent, and it would still depend. due to all the old tax loopholes that allow some people to not need to pay in.

local self governing areas are sometimes cancer, we have liberals in Warszawa as well
they steal money (and homes) and spend it on themselves or even on tolerance
purge those wicked faggots, ganbare.
meanwhile, g2g, have stuff to do
congratulations again

not in enough numbers to matter.

Seriously user, you have to inform your fellow New Yorkers that if you weren't blowing State and Local Taxes on fucking immigrants and gibs then you wouldn't have such high taxes.

Maybe some of them will get it.

>''he he it's so funny we're cutting taxes for the rich, throwing people off healthcare and adding trillions to the debt''

What the fuck is wrong with American conservatives? You're literally ruining your country for the sake of poking fun at liberals.

Or he could be in the new bracket, and pay the new tax rate on that 100 dollars.

>Tax rate changes by a couple percent.
>Civilization as we know it is over.

This bill fucks over everyone but the corporations.

Are you that much of a meme to support it?

thx based Pole user

Cutting taxes for everyone ftfy

>I can parrot what talking heads and leftist redditors have to say.

There is absolutely no what you could come to that conclusion if you had any idea what was in it.

>This problem wasn't a ticking time bomb since 2008
>This problem wasn't a ticking time bomb since Nixon took America off the gold standard (and defaulted on a fuck ton of French/Enlish debt)
>This problem wasn't a ticking time bomb since 1917 - the creation of the federal reserve.

America has always been garbage your entire life. You are one of the idiots just now realizing it.

Sad! Many such cases!

I was under the impression that anyone making $75,000 or less will end up paying more taxes because of this plan. Also, I presume any money saved by tax decreases will be nullified by the premiums people will pay for expensive healthcare?

I would've expected level 1 to flash more erratically.
Also, still has to pass house. So its a 2.

> Robbing the poor.

The ‘poor’ don’t pay taxes. In fact there is a negative effective tax rate for all but the top 20% of income earners in the US.

Everyone else receives more money from the government than they pay in taxes.

>when your entire country reeeees and you become a half of a country
shut up you fucking jap rape baby, if we didnt give you our navy you would have been invaded by china, china should just eat both of you whole.

This is true, with the child tax credit and the eitc a family of 4 earning 35k a year will get like 5-6 grand back in a "refund". It's actually a form of welfare but it really does erase a lot of income inequality. Liberals never seem to talk about it though...? They'll never be satisfied.

You do realize that the point of deductions is to lower the gross amount of money you make before taxes are deducted, right? Hence, DEDUCTIONS?

Just 'donate' to bullshit and drop under the new bracket, then you still earn the difference between the previous tax bracket minus whatever you donated.

>40000- 100 = 39900
>Tax goes from 15% to 10%
>6000 down to 3990
>Save 2110 bucks in taxes.

can someone please give me a quick run down of the tax plan

You're completely wrong. In the rare case you get bumped up a tax bracket without an income increase you won't be far enough into the new tax bracket for it to override the savings you're already making on your lower tax brackets.

i.e everyone's tax SHOULD go down. There very well may be some cracks in the system, where very specific income levels or circumstances go up but the vast vast majority will go down.

Don't get your info on taxation from god damn redditors, for the love of god after this go and look it up yourself so you know for sure because listening to your socialist mates complain about 'poor get poorer, rich get richer' isn't a valid source of information.

You belong to corporations now.

REPLY TO MY THREAD
REPLY TO MY THREAD
REPLY TO MY THREAD
REPLY TO MY THREAD
REPLY TO MY THREAD
REPLY TO MY THREAD
>>>/q

REPLY TO MY THREAD
REPLY TO MY THREAD
REPLY TO MY THREAD

For the first year

The middle class taxes go up year after year for 10 years, adding 6 trillion to the debt, reduced to 1.5 because of the huge middle class tax hikes.

Why?

So rich people can write off private jets off their taxes.
And teachers can no longer write off books they buy for their students.

Once again, Republicans are making it harder to get married, buy houses, have children, get jobs that can care for those children, get healthcare for those children, and get educations for those children who will enter adulthood dumb, and completely dependent on the state.

Because some rich fuck wanted to buy a new yacht.

Good job Republitards, you destroyed the entire future of our country to blow some rich dude's cock.

get banned you fucking sheep shagger

>should of

reddit intellectuals, everybody...

kys my man

Cuts taxes for most people by around 2k a year (very rough estimate)
Fucks over people in blue states, especially NY and Commiefornia. The richer you are, the more bonged you get.
Adds around $1.5 gorillion to the deficit, likely we will see significant cuts in medicaid/medicare/obummercare because of this
Gives bigleague tax breaks to small and large corporations, especially large corporations. Will probably lead to a lot of small business owner growth, while big businesses are likely to pocket the money (aka give it to investors as cash in hand) because they are too big to be struck significantly by competition
Will likely increase rate of spending of money somewhat, somewhat increasing growth. However, things might get a bit scary if there's a big crash sometime in the future for whatever reason (muh russia)

You have no idea how tax brackets work, do you?

Let's say, for sake of simplicity, that the tax brackets are:
$0-10000: 10%
$10000-20000: 20%
$20000-30000: 30%
And you make $20,001.00
You will be taxed at 10% for your first 10k, 20% for your next 10k, and 30% for that extra dollar.

You would pay $3,000.30 in taxes at an income of $20,001, or 15.00075%.

She doesn't know that the brackets are taxed at margin.

>Implying I'm not an American
You seem not to realize that those navy guys you placed over here ALSO get on Sup Forums. Everyone is laughing at America - for different reasons.

Also:
>America wouldn't let China just fucking steamroll Japan
>Can't even win Nam because the wars are run by politicians and Californians with bongs and dildos instead of soldiers
>Thinks America even has the industrial capacity to run another World War
>The absolute state of Burgerland

You need to actually run some numbers and look at some history. Britain was the undisputed king of the world for a while too. America will collapse just as easily.

>and obama was a hero
why do you think either side is good these days, both are fucking retarded in almost all senses, democrats let in refugees like a flood gate with huge waves and dont back ground check them, love war obama probably caused a new cold war in syria making that last years on, and republicans are a bunch of rich dudes that love war aswell, but they hate refugees and hate the poor some what. Your retarded if you think this shit is stable

>cuts taxes
>doesn't cut spending
>increases national debt by 1.5 trillion over next 10 years
this is just more boomer bullshit - they're looting the country and leaving millenials with the bill.

>Don't get your info on taxation from god damn redditors, for the love of god after this go and look it up yourself so you know for sure because listening to your socialist mates complain about 'poor get poorer, rich get richer' isn't a valid source of information.

Right. But the fact of the matter is that this plan will increase inequality and the make the rich even richer. All the independent studies show this.

You are aware that every time the Republicans are in charge, the national deficit and debt skyrocket right? Don't talk to other people about economics when you support a party that is economically illiterate.

BANKERS PRIVATE HELICOPTORS