Pic related example is a married couple in Arizona, income $75,000 per year with two kids.
HUGE fucking tax cuts, basically 50% reduction in their taxes. AMAZING.
POST YOUR SAVINGS!!! FUCK YES THIS IS AWESOME.
REVIVING THIS THREAD UNTIL THE SHILLS FUCK OFF AND DIE
IMPORTANT CHANGES:
>TUITION WAIVER EXEMPTIONS REMAIN NOW! >STUDENT LOAN INTEREST DEDUCTIONS REMAIN >MEDICAL EXPENSE DEDUCTIONS REMAIN (INCREASED ALLOWABLE PERCENTAGE AS WELL) >EITC REMAINS >STATE AND LOCAL TAX DEDUCTION ALLOWED UP TO $10,000 NOW, BLUE STATES NO LONGER FUCKED. >RUBIO AMENDMENT ACCEPTED, CHILD TAX CREDIT NOW FULLY REFUNDABLE!
More tax cuts for rich assholes like you who have seventy five fucking thousand dollars to throw around. Not all of us are so lucky. Fuck the rest of us though right?! Sage.
Alexander Carter
>Your size-adjusted household income and the cost of living in your area are the factors we use to determine your income tier. Middle-income households – those with an income that is two-thirds to double the U.S. median household income – had incomes ranging from about $42,000 to $125,000 in 2014 pewresearch.org/fact-tank/2016/05/11/are-you-in-the-american-middle-class/
Fuck off poor faggot. You get a huge tax cut annyway though, even as a poorfag, Maybe if you used the fucking calculator instead of whining like a little bitch you'd see that.
Joshua Howard
>Over one hundred fucking thousand dollars is middle class You live in a fantasy if I had a hundred thousand dollars I'd fucking move out on my own and be a fucking king the next day bro.
Jonathan Johnson
I'm not sure if you're serious or trolling. Post your calculator results or fuck off shill
Jacob Phillips
Bump
Gavin Taylor
Over 100,000 is a couple making over 50,000 each. user that is not rich, quit being a nigger.
Hudson Perez
Kys poor faggot
Elijah Robinson
75000 between a married couple isn't rich. That means each is probably working a job paying around 35000. It's like what a teacher and a police officer are making. Plus with 2 kids, they aren't living luxuriously. Just enough to have the kids raised normally and have all needs taken care of. Maybe they can afford avacation every once in awhile. These aren't rich assholes you fucking faggot.
Caleb Hernandez
Taxation = theft They already pay a shitton of money and they deserve it; most likely they'll investing into something new into their businesses. Besides, lower taxes will attract more industries that went offshore because of high taxes in the first place.
Kevin Price
Not too bad.
Jaxson Brooks
The tax plan is simple. The more you make the more you save. If you make low amount the standard deduction will save you around 130 dollars.
The real gems though is the economic effect this will have on business. People will see pay raises which is better than any damn tax break.
Nathan Brown
Actually the $2000 child tax credit has become fully refundable up to $1400 so if you have a kid you'll get back extra gibs, PLUS the EITC
David Watson
Yeah but for single people with high property tax this tax plan is hell.
>PERSONAL EXEMPTION: Ends $4,050 individual personal exemption. (GONE) >SALT capped at 10k
On top of this the tax plan is 7 brackets which means middle class will not be grouped in a lower tax bracket.
People are going to flee Cali and NY just watch. Its going to be crazzzy.
Thomas Russell
Get married faggot
Adrian Edwards
Wtf. Membership to the USA is twice As cheap As membership to the Netherlands. No wonder USA is bankrupt.
Brayden Long
Dude shut the fuck up. Post an example in the calculator or fuck off
Here is one with your scenario:
SINGLE IN CALIFORNIA INCOME: $200,000 ITEMIZE DEDUCTIONS: $6000 IN PROPERTY TAX PAID (~$750k home in 90210 zip code) $20,000 IN OTHER ITEMIZED DEDUCTIONS
They still get a tax cut. Stop fearmongering
LOOK AT THE MATH BREAKDOWN IN PIC RELATED IF YOU DONT BELIEVE IT
Jeremiah Evans
Once Obamacare crashes and taxes are reformed i dont know how singles will cope. Trumps whole presidency is attacking individual rights.
John Collins
Not to mention I did not even use the AMT calculator, which would have produced even more savings for this person.
Levi Wright
ALSO >On top of this the tax plan is 7 brackets which means middle class will not be grouped in a lower tax bracket. Wrong. 15% bracket becomes 12% 25% bracket becomes 22% etc etc
Christian Foster
Wait until after a few years until the tax increase and you dont have any deductions. HAHAHA
Jackson Rogers
Except expiration was only added so it could pass budget reconciliation. Democrats will not allow middle class individual rates to rise in 2025 (see Bush tax cut extensions for middle class)
You got BLOWN THE FUCK OUT by the calculator when I showed you my example. Fuck off, shill. Post REAL WORLD EXAMPLES WITH THE MATH TO BACK IT UP or FUCK OFF
Colton Campbell
You are playing whataboutism. I know the taxes will increase but you predict what will happen in the future.
Angel Cook
I'd save $2k, I'll take it!
Kevin Miller
No, you made a shitty, untrue claim (that high income single earners in CA will be harmed by this) and I blew it out of the water by showing you the math that proves it wrong on a real world example.
Then you moved the goalposts.
Anyone who thinks the cuts wont be extended in 2025 is either retarded or politically inexperienced.
Easton Hill
there shouldn't be taxes at all, and in fact there shouldn't be a government at all
Matthew Brown
20% reduction. Nice, I'll take it.
Ryan Bell
Another rich person example
Hudson Sullivan
And then the chinese and russians move in to distribute the american resources and slave labour, or do you expect private militias to hold them off
Hunter Gray
You pretty much know nothing. Two working class people can have a combined income in six figures and get taxed like someone with six figures despite what each individual makes separately is much less and their living expenses are probably higher.
John Turner
Shut up nigger, if I had my way you scum would only be able to buy dried beans and rice. I fucking hate the poor, you scum should be thrown into a grinder for dog food.
Mason Edwards
Oh so you think someone making SIX figures shouldn't pay their fair share? They're fucking rich. I like how everyone on here is suddenly pretending to be rich or that it's normal. You're all a bunch of bootlickers.
Colton Jones
And just how much of my money is the government entitled to? Fuck that. Almost half of the US (poor people) pays no income tax at all.
Isaac Morgan
Nobody likes poor niggers like you not willing to sacrifice and put in hard work to better your own situation. If you’re able bodied you have no excuse, if you’re crippled you should be thankful your faggot ass is allowed to breathe.
Brayden Martin
>calls others bootlickers >he’s got more money than me? The government should take it from him and give it to me instead. Holy shit you cannot be this retarded.
Logan Bailey
The worst part is that faggot won't even post his calculator results (which would show him getting a tax cut)
unless he literally makes zero income.
Oliver Edwards
God bless you Donald J. Trump.
May the Lord continue to bless you and your family.
Thomas Bailey
>75000 between a married couple isn't rich. That means each is probably working a job paying around 35000. Why the fuck are so many people bad at basic math
Brayden Torres
>People will see pay raises Thanks for the laugh
Grayson Howard
Actually losing about 8000 a year due to property and local tax caps.
Jack Campbell
BOOM!
Gavin Rodriguez
The tax plan is GREAT. I don't often say good things about the GOP these days, but they really did great work here. The average American is a retard, can't do math, and disapproves of the bill because it is the politically correct thing to do and they want to virtue signal by repeating the skeptic narrative provided by the media as if they had a clue what is going on. "Look at me, I'm not dumb like the average GOPer, I'm so intelligent and sophistukated because I put down everything." Somebody needs to call out idiots for being idiot skeptics when there was no damn reason at all for it. Literally no reason.
People are going to change their minds about the bill next year after it is passed. The business results will be undeniable. People are going to see huge increases in their paycheck, the economy will keep going up, Trump will probably get GDP over 4.5% a year from now, stock market will keep flying, and unemployment will continue to get even lower. The math is inexorable. That's why leftist freaks are so panty-twisted right now. It's going to be a huge win for Phdrumpftt and the Rephfugaricans, and they can't stand it.
Jackson Barnes
Post the numbers you inputted to produce that result.
Hudson Wood
bump, post the numbers you used to produce that result. waiting
Matthew Edwards
Why so you can doxx him? This is all data mining so the IRS can know your info and income. Don't share it
Christopher Williams
>Data mining so IRS can get your income >Information that you send directly to them every year Seriously how old are you?
Julian Rodriguez
>TUITION WAIVER EXEMPTIONS REMAIN NOW! Lame, but expected >STUDENT LOAN INTEREST DEDUCTIONS REMAIN Probably good >MEDICAL EXPENSE DEDUCTIONS REMAIN (INCREASED ALLOWABLE PERCENTAGE AS WELL) Good >EITC REMAINS Bullshit >STATE AND LOCAL TAX DEDUCTION ALLOWED UP TO $10,000 NOW, BLUE STATES NO LONGER FUCKED. Gay. Should have made a better compromise. >RUBIO AMENDMENT ACCEPTED, CHILD TAX CREDIT NOW FULLY REFUNDABLE! Breddy gud I guess
Half-assed as usual, but I guess better than nothing.
Eli Hall
SUCKY PLAN
Angel Reed
Fuck this shitty bill I'm still being raped without lube. Fucking congress should have made it 15% across the board
Nathan Thompson
Yeah im sure you were maxing out itemization before *rolls eyes*
Adam Bell
Test
Jace Anderson
You must own so much property for that to occur, such that it shouldnt hit you that hard.
Jeremiah Price
This. Its due to reconciliation rules. They'll renew it, or dems will get crucified for preventing the renewal of the cuts
Dylan Gutierrez
>SUCKY PLAN
Fuck you and your SALT deductions. The rest of the country shouldn't have to subsidize your socialist state. You deserve to lose even more than $990 a year.
Julian Russell
Correct.
Though now we can also itemize the sales tax we pay in non-gay states, but who wants to save all those receipts for fuck sake...
Owen Reyes
...
Joseph Gutierrez
I haven't paid my taxes in over ten years. What does this bill do for people like me? Are they going to erase my 1099s?
Jonathan Rivera
...
Jackson Jones
>$15,000 property tax deduction So if you're in Beverly Hills you're claiming you have a $1,900,000 dollar primary residence on a $100,000 annual salary.
Dude he's completely bullshitting. In Los Angeles County the property tax on a $1.9 million dollar home would be $15,000. He claims to only make $100k. He's fucking lying
Jack Foster
Up the income and it gets worse. People who rely on SALT are getting SCREWED.
Justin Parker
Answer my posts. How can you be in a $1.9 million dollar home on a $100k salary.
Yet don't deduct any mortgage interest. You deduct no car registration fees. You deduct literally NOTHING else. Makes NO sense. Explain your numbers.
It's clear you just plugged shit in until you reached a negative result. The only problem is your hypothetical scenario has no basis in reality.
Kevin Reed
Fucking senate. $300 less now
Alexander Stewart
Not bad, I'm more concerned with the economic boom than my own tax returns though
Ian Reed
Maybe he rides the bus bro. He doesn't have to deduct other things if he doesn't want to get off his back
Juan Thomas
True. I don't think anyone but Rand Paul realizes how fucking historic and monumental a 15% corporate tax rate would've been. China would've been fucked in the ass.
Elijah Smith
True.. but 21% is still far better than 35%
Nathaniel Foster
The housing bubble with real estate boom has given me a McMansion and now Trump wants to take it away. I am a CEO of a small company who takes a small salary. I hire H-1B VISA at my diverse workplace and take the tram to work.
FUCK THIS TAX REFORM
AND FUCK DONALD DRUMPH
Joshua Perez
I meant to reply to this post not my own
Joshua White
Oops you just outed your own lie. You're claiming you OWN IT LIEN FREE not that you took a mortgage for a McMansion. You're not even deducting the cost of your tram tickets which you should at minimum be doing as a business/employment cost. Stop. Your. Bullshitting. Why aren't you deducting your health insurance premiums? Just shut the fuck up faggot.
