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Author Topic: My thoughts on the tax bill  (Read 929 times)

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Offline graceseeker

Re: My thoughts on the tax bill
« Reply #5 on: December 28, 2017, 01:27:07 PM »
those *^%$# Demon-crats!

they're up to their lying again (still)!

saying only the wealthy will benefit from the new tax bill

80% of Americans will get relief from taxes and soon

the 20% who don't are

(a secret the Demon-crats don't want u to know)

the wealthy
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Offline Ladislaus

  • Supporter
Re: My thoughts on the tax bill
« Reply #6 on: December 28, 2017, 01:59:32 PM »
As per usual, the scuŠ¼ punish those of us who have more than 2 children (we have 6).  They eliminated the personal exemptions and so we're stuck with a standard deduction which will be about $15K less than we would have gotten through the personal exemptions.  Sure, they raise the child tax credit a little, but overall it's a wash.  This shows the diabolical Satanic contempt for larger families again ... across all parties.  Those DINCs living in apartments make out like bandits with this, but those of us with larger families and a mortgage to pay end up getting the shaft.  Meanwhile, the wealthy get nice 15% rate reductions.
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Offline graceseeker

Re: My thoughts on the tax bill
« Reply #7 on: December 29, 2017, 03:17:56 PM »
Quote from: Ladislaus on December 28, 2017, 01:59:32 PM
As per usual, the scuŠ¼ punish those of us who have more than 2 children (we have 6).  They eliminated the personal exemptions and so we're stuck with a standard deduction which will be about $15K less than we would have gotten through the personal exemptions.  Sure, they raise the child tax credit a little, but overall it's a wash.  This shows the diabolical Satanic contempt for larger families again ... across all parties.  Those DINCs living in apartments make out like bandits with this, but those of us with larger families and a mortgage to pay end up getting the shaft.  Meanwhile, the wealthy get nice 15% rate reductions.
I didn't know they eliminated the personal exemptions!
I guess you mean where you can write off each child?
I am cynical enough, however, to realize that the system is set up to benefit... those who do not need a benefit, the wealthy
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Offline Capt McQuigg

  • Supporter
Re: My thoughts on the tax bill
« Reply #8 on: January 02, 2018, 05:30:46 PM »
The mortgage interest rate has always struck me as a phantom benefit.  Usually, it's in the $800-$1400 range unless you live and are paying a mortgage on a home in excess of $450K. 

I've always wondered about the logic in someone not paying off their mortgage early because they would lose a $800 one time per year deduction when they are paying anywhere from $350 - $950 or more per month for their house payment. 

I mentioned this to a man once and the guy just kept saying "You don't want to do that."  I asked "Why not?"  He replied "you just don't."  The man I was talking to didn't work in the finance industry so he didn't directly benefit but it was more along the lines of parroting what he had heard somewhere else without really thinking it through.
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Offline JezusDeKoning

Re: My thoughts on the tax bill
« Reply #9 on: January 02, 2018, 10:11:22 PM »
Stop acting like the Republicans are any different. We live in an oligarchy. The ultra-rich guy who lives in a $25 million house and lives off the Rockefeller's fortune can basically live tax-free while the middle class takes a hit. They're all bought and paid for.
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