Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
If you live in a high tax state like CA or NY and you itemize, then you will probably pay about the same amount in taxes. A few from high tax states may have to pay a little more. Almost everyone else in the country will see a reduced tax burden under this plan. Many that are complaining about the elimination of personal exemptions are failing to account for the increase in the child tax credit and the $300 credit per taxpayer and non-child dependent.
What argument are you referring to? I only said that CNN isn't a reliable source.
Can't help this makes you guys mad.
do you not expect people to look back one page of posts to see your drivel? You literally can't keep up with the discussion at hand so you revert to the mindless CNN = Fake News canard. It's typical of Trumpsters.
let's see some figures that prove that tax cuts ALWAYS have increased revenue. (with proof it was the tax cut and not cause by something like rise of internet or housing boom- b/c as you know I'm sure, correlation =/= causation.)
And as for GDP, of course much like your Daddy, you're comparing quarterly GDP with annual...but of course you were upfront about that...
You must be too young to have been around or aware during the Reagan era, and educated by the Leftist Public School System that lies about what Reagan accomplished: 96 straight months of economic expansion ...after cutting taxes!
You must be too young to have been around or aware during the Reagan era, and educated by the Leftist Public School System that lies about what Reagan accomplished: 96 straight months of economic expansion ...after cutting taxes!
yeah- sure- except 1) Saint Ronny actually raised taxes occasionally. 2) Correlation =/= causation (Volker is actually the guy you want to thank there) . 3) Even if St Ronny's miracle was true it doesn't actually prove out every other time as previous poster had said. 4) Went to Catholic School so fail there too...but please define Socialism for me, I'd love t hear what you think it means....
uh, did you work and pay taxes? Didn't the Bush tax cuts help you. After all, Democrats called them a tax break for the rich but when it was going to expire they fought to keep them.
If I hadn't worked and paid taxes, I probably would not have made the statement that I did, right?
If you live in a high tax state like CA or NY and you itemize, then you will probably pay about the same amount in taxes. A few from high tax states may have to pay a little more. Almost everyone else in the country will see a reduced tax burden under this plan. Many that are complaining about the elimination of personal exemptions are failing to account for the increase in the child tax credit and the $300 credit per taxpayer and non-child dependent.
300 credit is phased out, and doubling standard doesn't work when you lose personal expeditions, medical expenses, employee paid expenses, student loan interest, college tuition expense, etc.
If you live in a high tax state like CA or NY and you itemize, then you will probably pay about the same amount in taxes. A few from high tax states may have to pay a little more.
Some people in red states with NO income tax will see their federal taxes increase. There are many people in TN and FL and TX and other red states that will pay more federal taxes. This is especially true if they have semi-expensive property and they pay a high property tax bill. People in FL with waterfront(lake, river, ocean and even canal) often have large property tax bills, even if their house is small and/or old and even if a condo.
People that live on acreage in any state could have a high property tax bill because their land can be expensive and thus they pay a high property tax bill. Anything over $10k year they cannot deduct from their federal income taxes.
We'll likely see real estate sales slow due to this - especially for homes $500k and higher. This applies to all states. Upper middle tax people will be impacted the most by this. Realtors and mortgage companies and home builders and the construction industry could take a hit in their salary if the real estate market stalls.
300 credit is phased out, and doubling standard doesn't work when you lose personal expeditions, medical expenses, employee paid expenses, etc.
This is your opinion. Not fact.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
