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WASHINGTON — The Republican tax bill does not pass the postcard test.
It leaves nearly every large tax break in place. It creates as many new preferences for special interests as it gets rid of. It will keep corporate accountants busy for years to come. And no taxpayer will ever see the postcard-size tax return that President Trump laid a kiss on in November as Republican leaders launched their tax overhaul effort. This was not the grand simplification of the code that Republicans promised when they set out to eliminate tax breaks and cut the number of tax brackets as they lowered rates. File Your Taxes on a Postcard? A G.O.P. Promise Marked Undeliverable
Another ASININE promise from the "MORON IN CHIEF"!
WASHINGTON — The Republican tax bill does not pass the postcard test.
It leaves nearly every large tax break in place. It creates as many new preferences for special interests as it gets rid of. It will keep corporate accountants busy for years to come. And no taxpayer will ever see the postcard-size tax return that President Trump laid a kiss on in November as Republican leaders launched their tax overhaul effort. This was not the grand simplification of the code that Republicans promised when they set out to eliminate tax breaks and cut the number of tax brackets as they lowered rates. File Your Taxes on a Postcard? A G.O.P. Promise Marked Undeliverable
Another ASININE promise from the "MORON IN CHIEF"!
The house & the senate came up with this tax bill, not Trump.
WASHINGTON — The Republican tax bill does not pass the postcard test.
It leaves nearly every large tax break in place. It creates as many new preferences for special interests as it gets rid of. It will keep corporate accountants busy for years to come. And no taxpayer will ever see the postcard-size tax return that President Trump laid a kiss on in November as Republican leaders launched their tax overhaul effort. This was not the grand simplification of the code that Republicans promised when they set out to eliminate tax breaks and cut the number of tax brackets as they lowered rates. File Your Taxes on a Postcard? A G.O.P. Promise Marked Undeliverable
Another ASININE promise from the "MORON IN CHIEF"!
Swing and a miss, Autumn.
The reason - the only reason - people will file on postcard forms is because the standard deduction has been raised from 6,350 to 12,000 for single, and 12,700 to 24,000 for joint returns.
Everyone knows the usual deductions are available, but the vast majority of people will no longer itemize because it won't make sense.
I know, I know......... Moron, Liar, Bigot, Racist, and all that stuff.
Quote:
The House measure did take one significant step toward simplifying the process for some taxpayers. It nearly doubled the standard deduction, a decision that stuck through every version of the legislation, including the final one. Because of this change, congressional staff members project, only 6 percent of Americans will itemize their tax returns, down from 30 percent now.
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