In Layman terms explain the Tax Bill to a Simpleton like me

I get more money?

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The root problem is that there are no consequences for the liar, when it's found out to be a lie.
Within the legislation that is being passed, all those legislators that voted for it need to be accountable. This way they are inextricably bound to their convictions and will be significantly more inclined to do the right thing.

under trumps tax bill you get:

>free house to suit your needs and style of living
>free current year automobile that suits your needs and style of living with a lifetime warranty provided by you insurance company
>free medicine and healthcare
>free three meals a day
the left over cash you have if for your utilies, dining out, internet, gas, local taxes, child expenses....wait a minute that's the other timeline where life isn't miserable.

>I get more money?
Billionaires get more money.
What you get is: Higher rent, higher insurance bills, higher food prices, and a smaller paycheck. Or maybe your company goes out of business and you no longer have a job.

lol wtf is this fear mongering

>Higher rent, higher insurance bills, higher food prices, and a smaller paycheck.
please explain yourself? this is completely untrue
do you even have a brain?

>i don't get free livelihood reeeeeeeeeeeee life is horrid
you are a parasite.

So you came on to Sup Forums today to say we should listen to Chuck Schumer?

>landlords will try to compensate for their tax hike by taxing your ass
>insurance companies are no longer bound to legislation that kept them from jacking up prices
>food industry gets a tax hike so they increase the cost of sales to compensate effectively taxing your ass
>after all this taxation you get even more tax on dat ass from your employer who'll benefit from inflated prices while neglecting to raise your wage
nothing in our current system of laws prevents any of this happening as it has been happening for years and years

Yeah if you're a lower class peasant who already leeches the system.

got any evidence to support those claims? no? oh, ok then

those lower class peasants are the only one putting in the work to prop up this scheme
ive been advocating for a change to a smarter fairer system in the hopes that it doesn't devolve into some shitty communist revolt

its all very pretty when looked at as a mathematical equation but nobody looks at the human element involved. So far every time a tax plan rolls out it turns into everyone raising prices to minimize any loss incurred, they don't want to invest and they don't want to lose a cent either. All this does is inflate our economy and further widens lines between classes of wealth with all the burden being cast on the bottom. I hope I explained this well enough for you to draw a picture.

>lives in wealthy country
>has enough free time to complain about it on the internet

Recent history.

I'm a multi-millionaire. This will line my pockets, and I'm looking forward to that. But what I look forward to most, every day, is liberal tears. Many of you will become liberals from now on, because you think that will help you. It won't. You'll suffer and that makes me so, so happy.

They still have to work out the differences but here's a rough idea.

>Free house
>Free Car
Fuck off Commie. You gonna propose a Basic Living Stipend next?

Unless you were already gaming the system you will likely get to keep more money.

Liberals are mad because most of them were tax cheats and now their loopholes are getting closed.

most likely not unless you have tons of money already

>I'm a multi-millionaire
Who has time to shitpost on Sup Forums? HMMMMMMMM

Millionaires struggle to become multi.
If he isn't larping, it's likely that he's got people who manage his assets.

>This is what a Bernie Sandberg actually thinks would have happened under socialism

>leftist hate it
that's literally all i need to know

sheep.

Some good stuff in there, some not good but necessary, some just not good, clear big corporate GOP shilling.

I wish we could have had a "clean" tax plan, but it's impossible in the current year. Overall it's not too bad.

>AMT gone
Fuck yeah!!! AMT should redpill Sup Forums on how leftists attack. It was passed in early 90s, as a tax on households with > $80,000. If you made more than that you lost deductions and had to pay a higher rate. Anyways, the Dems encouraged inflationary policies to get everyone to pay the AMT, specially the middle class. It worked AMT is this complex tax that forces you to have to use an accountant or pay for the premium electronic tax software (still have to input a bunch of crap)

Trump said 0% on 25K individual.
What you get is a 12K standard deduction instead.
0% on 25K would have helped poor people/families.
The establishment just showed you why a real tax cut for families will never happen.

I thought Trump could get it done, but I guess no one can.

Should have most of the information:
investopedia.com/news/trumps-tax-reform-what-can-be-done/