Tax Bill Lets Trump and Republicans Feather Their Own Nests (Limbaugh, millionaire)
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13 million Americans will eventually lose their insurance, 1.5 Trillion in debt. Cuts to Medicare. Thanks, Republicans
And just think. If the democrats had actually kept their many promises the American voters would not have fired them. Make no mistake the GOP lies as well.
As for the lost insurance? Blame those who promised affordable health care but instead made it more expensive. That would be Pelosi, Reid, and Obama.
As I said before, I'll wait for my accountant to tell me the ups and downs and how it will impact me.
I detest Trump. I am an independent that leans right. Make no mistake I also detest those leftist blowhards that call themselves democrats. They like those on the right have made themselves quite wealthy while in office.
I live in NY and will take a hit, that is not the reason I dislike this bill. Aside from some benefits to the middle class this is obviously a large redistribution to wealthy that in the end will only increases income disparity.
I live in NY and will take a hit, that is not the reason I dislike this bill. Aside from some benefits to the middle class this is obviously a large redistribution to wealthy that in the end will only increases income disparity.
Work a little smarter and you can become wealthy yourself. High-tax States need to reevaluate their own tax structure.
No need to repeat the tired slogans of the Left.
Work a little smarter and you can become wealthy yourself. High-tax States need to reevaluate their own tax structure.
No need to repeat the tired slogans of the Left.
Well if you are a millionaire you evidently don’t need to work harder you can just hire lobbyists and add a provision. This change was not in either the senate or house bill, it just appeared. Truly a Christmas miracle, and suddenly Corkers concerns regarding the deficit just disappeared.
Stop worrying about the 1%, some how they will survive in spite of the overwhelming odds.
Ill wait to see what my accountant says, before I pass judgment. Sorry but left wing hysteria isn't enough for me to form an opinion.
this is easy to understand the change allows an LLC to count the non depreciated portion of hard assets like RE to have the "pass through" profits taxed at 20%. so instead of paying 3x% on your llc income you pay 20% the same as long term investments...
OK so the big Q is how will they be converting REITs to LLCs ????
and if it is easy as it looks Will there be a tsunami conversions?
I have not looked at it for more than a couple of mins and i have not seen the full text of it just the bits quoted...
the guys on the econ forum will likely flesh this out fast and easy.
Well if you are a millionaire you evidently don’t need to work harder you can just hire lobbyists and add a provision. This change was not in either the senate or house bill, it just appeared. Truly a Christmas miracle, and suddenly Corkers concerns regarding the deficit just disappeared.
Stop worrying about the 1%, some how they will survive in spite of the overwhelming odds.
I think it is the big gift Trump was talking about. He will retain about 40% more of his profits... on qualifying portions of his holdings....
Cry some more about it, this bill benefits the middle class. Democrats vote against the middle class by opposing this. They don't want my family to save 3 thousand a year.
Just now from the WSJ:
The Republican tax plan would lead to tax cuts for all income groups in 2019, with the lower-middle-class households receiving the largest tax reductions on a percentage basis but upper-income households receiving the most money.
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