For private jets, you’ll pay less taxes if you do. What a fvcking joke. A tax cut for private jet owners? Oh, and teachers can no longer write off school supplies.
Class warfare alert.
At least be honest. There is not a tax break for private jets just a clarification of existing law. And Uber liberal democrat sherrod brown is responsible for putting that clarification inFor private jets, you’ll pay less taxes if you do. What a fvcking joke. A tax cut for private jet owners? Oh, and teachers can no longer write off school supplies.
the middle class will feel the relief in their wallets.
Business income? Or 1%erBig country I would. My tax rate is going up and my deductions are above the new standard deduction at this time, but with the new bill I lose a lot of my deductions. So I Am going to get hit two ways.
I am not a billionaire and not even close to it.
And who do these rules benefit more? A young, middle class, married couple with two kids or a billionaire?.
Although the OP is 100% wrong, and teachers will soon be able to deduct double what they could before, the fact that anybody would gripe about this bill is ridiculous. Of course it helps some more than others, but I don't see the left complaining when people are paying taxes...only when they are allowed to pay less.
Who would complain about not paying taxes on your first $24,000? Did Obama give you that kind of deal? What about doubling the child tax credit? Did Obama do that? And who do these rules benefit more? A young, middle class, married couple with two kids or a billionaire? That's what I thought.
Business income? Or 1%er
Independent contractor with business deductions
Here is some more reading. Are you not intelligent enough to understand what it says or are you just a damn liar?
https://www.washingtonpost.com/news...lly-thought-cbo-finds/?utm_term=.5e8e714aa152
Honestly, who do you think benefits from this tax bill?
A lot of people from all walks of life will benefit from this. This thread has already mentioned the standard deduction doubling, the child tax credit doubling, the pass through income deduction for small businesses increasing quite substantially, and the top rate will either stay the same or only move 1% or so, depending on the final bill. So the middle class wins big. Corporations also will see a rate drop from 35% to 20%, so working people will see a benefit from that as more and more companies invest back into the US economy. Drilling in ANWR will take place, which will be a huge boom to the economy in Alaska as well as build our oil reserves. People will no longer be forced to buy health insurance or face a tax penalty. So many good things are happening because of this bill.
You realize the individual tax changes are temporary?
You realize when the young and healthy folks go back to not buying healthcare insurance, everyone else's premiums go back up, like the 10% each year projected by the CBO, above and beyond whatever increase may or may not have occurred without this legislation?
You realize a lot of those in the under 75k income level are retired folks on a fixed income, relying partly on Medicare and Medicaid, which will both be cut?
You realize the folks in the under 30k income category get no savings, right from the get go?
Too much nonsense to even address with this one.
if we were intelligent enough to think for ourselves and not blindfully swallow whatever Fox News wants us to believe and we would listen to anyone non-partisan or listen to what any of the dozens of experts who have said for four days now, maybe someone could respond.
The problem with this argument is that most of you have a need to see this thing as all good or all bad in order to validate your previously held ideological positions. These things are never that simple.
QBU...out of curiosity, what deductions are you losing. I'm a business owner and this thing has a very positive net outcome for me.