Tax bill

the calculator supposedly takes the state into effect, and checking it, states like NY and NJ do show a hit

Likewise it takes into account status and kids.

I'm actually not sure right now where my kids fall due to ages and divorce stuff, so I looked at both, and by the calculator as a single middle income guy with no kids in MD, I should still see some benefit, granted not as much as if I claim Head of Household with kids.

But that's always been the case...

I will say this, I know that where I fall, I am the least likely to see a positive note from this tax bill, I'm neither rich nor poor, nor overly invested, or needing/qualifying for government help. Yet I am still for any reduction overall in taxes, and I would like to see a similar reduction in overall spending. Unfortunately, while I would love to see the sequestration continued, and other programs take similar cuts, Trump is not going to cut military spending, and the democrats are not going to cut social spending so up goes the debt :(

Agree wholeheartedly with your philosophy. Hopefully the GOP takes an axe to spending in 2018. I'm discouraged by hearing Mnuchin coming out and saying the tax plan will pay for itself because of economic growth. That's an overly optimistic view.

I'd rather them cut the spending and run a surplus for a while. Then bring the spending back up later if the economy affords it (doubt it).

Obviously it's going to be a partisan bill and political hacks are going to make the most of whichever provision they can gloat or cry over. My question/lament is this:

What would it take to get a bipartisan majority to find a way to get past senate/house/party leadership and build a coalition of the middle?

It's like the one Libertarian commercial that I thought was pretty good, if you are a republican theyll find a democrat to match the vote and vice versa. Good in principle at least.

I really believe most citizens don't want the partisanship, but like me, and several of you on here from the other side, I'm not willing to give up some without getting some. I go back to the wall/daca, military reductions/raised ss age (grandfathered), educational reform and charter schools/added protections for low income schooling/support programs.

Both sides seem to have my way or the highway mentalities while demonizing the other sides opinions. If we can't negotiate and find the common center, then we as a country are going to hit a real rough patch sooner rather than later.

Tax bill makes nonprofits pay up for employing millionaire execs - Dec. 20, 2017 (http://money.cnn.com/2017/12/20/news/economy/nonprofit-salary-tax/index.html)

Really glad this is happening.

Admittedly, I don't really understand this bill and how it is officially going to effect me.

Just throwing it out there, we're a two person home and take zero deductions. Are we going to lose out in this whole thing? Wife and I are both pretty nervous about it.

About 3 out of 4 Americans will see their taxes go down.

I like it. Wish it helped the middle class more than it helps the wealthy, but help is help. I'd like it even more if they would now look at spending and cut that down so that our deficit doesn't get bigger.

Year one,look and see what happens in year two and three.

Admittedly, I don't really understand this bill and how it is officially going to effect me.

Just throwing it out there, we're a two person home and take zero deductions. Are we going to lose out in this whole thing? Wife and I are both pretty nervous about it.

I think the cnn calculator I linked to early would give you a decent idea. From what I could tell, nearly everyone will see a bump in take home pay first few years, but if you are in the 75K-225K area, you likely will see the least positive effect. (I don't know that, just the way the calculators look like)

Year one,look and see what happens in year two and three.

Years 1-5 are effectively the same in the reform. It's years 6-9 where some changes occur, and you can believe there will be lots of campaigning to extend the positive parts of the bill.

Admittedly, I don't really understand this bill and how it is officially going to effect me.

Just throwing it out there, we're a two person home and take zero deductions. Are we going to lose out in this whole thing? Wife and I are both pretty nervous about it.

Chances are your taxes will go down.

PM me your combined salary and I can tell you roughly.

Admittedly, I don't really understand this bill and how it is officially going to effect me.



Just throwing it out there, we're a two person home and take zero deductions. Are we going to lose out in this whole thing? Wife and I are both pretty nervous about it.


All you need to know it’s it’s going to be tremendous, fantastic, the best ever

The best, believe me *while making the OK sign non-stop*.